I watched England beat Egypt 3-1 at Wembley on Wednesday and was hugely impressed by the Egyptians. They acquitted themselves very well in the first-half and played a fine passing game, using those neat triangles, like a top European country.
I don't want to sound patronising because I know Egypt are ranked 17th in the world, I know they won the African Nations Cup again in January and that they are the highest-ranked country not to be going to South Africa.
I was in Africa again last week and even the Nigerians told me that Egypt's domestic league is probably the strongest in the continent and their clubs regularly win the African Champions League.
I think the future is bright for Egyptian football, but, as an Englishman, England's fortunes are of greater concern to me.
It was a good test for England because the Three Lions are in the same World Cup group as Algeria, who knocked Egypt out to qualify for South Africa in two controversial play-off games. After seeing the strength of Egypt, every England player will be taking Algeria very seriously in June.
African football is getting stronger all the time. Pele was a bit optimistic when said that he envisaged an African team winning the World Cup by 2000, but I can see where he was coming from and I can see sides like Ivory Coast reaching the last eight of the finals.
The top African players are now among the best players in the world and their experience in club football benefits their countrymen. Their countries are employing top (usually European) coaches and they play like top Premier League sides - athletic and physical. They are the two attributes which managers like Arsene Wenger look for when they buy African players.
Peter Crouch will be delighted with his two second-half goals. England don't have the quality of players like Spain to dominate against the best teams so they need the option of a long ball to target men like Crouch.
Even with such an option, I can't see England winning the World Cup. I don't think I'm being defeatist, just realistic. Brazil and Spain are at a far higher level than England. I watched Brazil against Ireland on Tuesday, when they coasted along in the first-half before upping their game in the second. They won 2-1, but it could have been five.
The British and Irish press put a negative spin on the game, saying that Brazil look weak when attacked. Don't every team?
Brazil's strength has never been in their defence, but they are awesome up front, so good that they can toy with opponents.
Robinho looked like a man enjoying life again against Ireland.
He's playing every week with Santos, his first club and love, and they are top of their State Championship. He was really good, as was Kaka - both excellent enough to be match-winners in key World Cup matches.
Closer to my home in Manchester is the story about Manchester United fans protesting against the Glazer family who own the club. I've been impressed with all the fans wearing green and gold scarves to protest - I might even buy one myself.
Supporters have every right to demonstrate they are not happy, and United fans are doing that. Their season-tickets have shot up in price since the takeover in 2005 and they are worried about the huge debts. The fans are the club because if they don't turn up, the Glazers are snookered.
But there are so many ups and downs in football. Some fans are only concerned about what happens on the pitch. Others hate whoever is in charge of the club and are never content.
A lot of United fans were not happy with the chairman Martin Edwards when I played at Old Trafford, whereas I thought he did an excellent job. He kept all the players happy, which is important at any club. I've come across plenty of rogues in football and he wasn't one of them.
People ask why none of the players are saying anything about the current protests. So as long as they are getting paid on time, they are unlikely to speak out against the people who own the club.
The players will concentrate on what they know best, playing football. That's not to say that they have their heads in the sand about what's going on outside, but I don't think it's a good idea for players to start talking about off-the-field issues.
They were signed by United to play football, win games and trophies - and that's what they do. They won the Carling Cup last week and are doing very well in the league and the Champions League.
It would be dangerous for them to be drawn into talk about who should own the club and to criticise those who pay their wages.
@Email:sports@thenational.ae
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
COMPANY%20PROFILE
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Tuesday's fixtures
Kyrgyzstan v Qatar, 5.45pm
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.”
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
First Person
Richard Flanagan
Chatto & Windus
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
HOW%20TO%20ACTIVATE%20THE%20GEMINI%20SHORTCUT%20ON%20CHROME%20CANARY
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The Details
Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5