Al Wahda captain Ismail Matar in action during the goalless draw against Al Dhafra. Courtesy Arabian Gulf League
Al Wahda captain Ismail Matar in action during the goalless draw against Al Dhafra. Courtesy Arabian Gulf League

Al Wahda ‘severely affected’ by absence of key players in goalless draw with Al Dhafra



Al Wahda felt the absence of their key foreign players on Thursday night when they were held to a goalless draw by Al Dhafra.

Wahda were without 14-goal striker Sebastian Tagliabue and Hungarian midfielder Balazs Dzsudzsak after both were suspended for receiving red cards during the 5-1 defeat to Al Jazira last week. First-choice goalkeeper Rashed Alsuwaidi was also missing due to his fourth minute red card against Jazira. Meanwhile Chilean playmaker Jorge Valdivia remains sidelined with injury.

In a game of few chances, the first real opportunity arrived a minute before the interval, Hamdan Al Kamali’s long range free-kick finding the head of defensive partner Salem Sultan, whose effort ended up straight in the arms of Dhafra goalkeeper Zayed Al Hammadi.

Goal-scoring chances remained a premium in the second-half, although Wahda captain Ismail Matar was presented with two chances from dangerous free-kick areas.

“I’m very happy with the performances of my young players but not the result,” Wahda manager Javier Aguirre said. “We could have won this game had we been on target with the chances we created. I think we lost an opportunity tonight.

“Obviously, the absence of our key players has severely affected the team. But we have must face the realities. We haven’t lost hope of a top four finish though.”

The result means Wahda close the gap on fourth-placed Al Wasl, occupying the last of the Asian Champions League places, to five points although the Dubai club have played a game less and travel to face rivals Al Nasr on Friday.

Dhafra, meanwhile, jump above Al Shabab into seventh, although they too have a game in hand and take on bottom side Baniyas on Friday.

“Wahda didn’t have the full team but to return with an away point is a good result for us,” Dhafra manager Mohammed Quaid said. “We need to keep all these good results for our team. We played below par but the important thing tonight was taking a point from Wahda.

“Wahda controlled the game but we also had a few chances to score and win the game. However, that didn’t happen. We are also missing Makhete Diop (who crossed over to Al Ahli) and Omar Khrbin (to Al Hilal of Saudi Arabia). We are still trying to adapt to those who came in place of them. We lost these two players but the club has gained financially and I think the players will also benefit from their moves to bigger clubs.”

* The National staff

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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Rating: 4/5

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

NEW ARRIVALS

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Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)

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Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)

Slow loris biog

From: Lonely Loris is a Sunda slow loris, one of nine species of the animal native to Indonesia, Malaysia, Thailand and Singapore

Status: Critically endangered, and listed as vulnerable on the International Union for Conservation of Nature red list due to growing demand in the global exotic pet trade. It is one of the most popular primate species found at Indonesian pet markets

Likes: Sleeping, which they do for up to 18 hours a day. When they are awake, they like to eat fruit, insects, small birds and reptiles and some types of vegetation

Dislikes: Sunlight. Being a nocturnal animal, the slow loris wakes around sunset and is active throughout the night

Superpowers: His dangerous elbows. The slow loris’s doe eyes may make it look cute, but it is also deadly. The only known venomous primate, it hisses and clasps its paws and can produce a venom from its elbow that can cause anaphylactic shock and even death in humans

Naga
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As it stands in Pool A

1. Japan - Played 3, Won 3, Points 14

2. Ireland - Played 3, Won 2, Lost 1, Points 11

3. Scotland - Played 2, Won 1, Lost 1, Points 5

Remaining fixtures

Scotland v Russia – Wednesday, 11.15am

Ireland v Samoa – Saturday, 2.45pm

Japan v Scotland – Sunday, 2.45pm