The match fee Shahid Afridi will get for his guest appearance at Emirates Airline Twenty20 will be gratefully received, bearing in mind the Dh130,000 fine he incurred for ball tampering in Australia.
The match fee Shahid Afridi will get for his guest appearance at Emirates Airline Twenty20 will be gratefully received, bearing in mind the Dh130,000 fine he incurred for ball tampering in Australia.

Four sides clash for one prize at The Sevens



DUBAI // We have all been there. You are trying to get a team together for the weekend and it is not looking good. Numbers are down because people are busy at the office. Your premier all-rounder has been bullied into taking the wife and children on holiday, mid-season.

The opening bowler is complaining he is suffering from RSI because he has been working too hard at work. The wicketkeeper has lost one of his gloves. Emails are flying round to people you had forgotten you knew, in the hope they may know how to play cricket, and on the off chance they would fancy a game. But hope is fading fast. Who are you going to call? If your team are Fly Emirates, then Shahid Afridi, the world's most explosive cricketer, seems like the most sensible option.

"A couple of months back I was sent an email to my company email address, regarding cricket," remembers Nigel Fernandes, who juggles his time between his job as an airport services and check-in supervisor for Emirates with captaining the staff cricket team. "It said, 'Would you like Afridi in your team?' When I read it I thought somebody must be joking. That is not the sort of email you get every day.

"Later on I received another email telling me it was official and that he would be coming to play with us. I couldn't believe it. "We were all amazed and excited the world's best Twenty20 player would be coming to play for us." Every silver line has a cloud, however. For all his obvious merits, Afridi has been known to be a little tough for his captains to handle in the past. He has never been too far from controversy, and is presently reeling from the Pakistan Cricket Board's recent purge on ill-discipline.

The match fee he will be getting for his guest appearance in this weekend's Emirates Airline Twenty20 will be gratefully received, bearing in mind the three million Pakistan Rupees (Dh130,000) fine he incurred for his part in Pakistan's most recent tribulations off the pitch, which saw former captains Younus Khan and Mohammed Yousuf given indefinite bans from representing their countries. His mood seemed perky enough at yesterday's pre-tournament press conference, but his captain for the weekend is still planning to go softly-softly.

"I hope I won't have to order him around," said Fernandes, with a broad grin, still seemingly disbelieving that Afridi is at his side. Intriguingly, Afridi will be taking his lead from an Indian, a scenario which has sadly been deprived a more high-profile platform of late, since Pakistani players are unable to play in the Indian Premier League (IPL). Fernandes established his reputation as a leading player in Mumbai league cricket before moving to Dubai nine years ago.

While everyone has been going potty over the return of the IPL back in Fernandes's homeland, the world's best Twenty20 player has been conspicuous by his absence. For Afridi's part, however, the lucrative 20-over league is of little concern. "Without Pakistani players in the IPL, I am not really interested to see these games," he said. "I enjoy watching the Australian games, and I really enjoyed playing in the Big Bash in Australia. We qualified for the Champions League as well."

Cross-border rivalry is hardly likely to be an issue this weekend, however. Fly Emirates have established themselves as one of the leading sides in UAE domestic cricket thanks to a polyglot set of players. "When it comes to our team, there is no rivalry," added Fernandes. "We have seven Pakistani players, two Sri Lankans and two Indians. Any rivalry is for politicians. We prefer to play as a team."

While his new teammates have been looking forward to this weekend gleefully, the prospect of playing against Afridi remains a daunting one for the professionals from the other sides. Sussex and Surrey may have a smattering of English internationals between them. Monty Panesar, the England spin bowler, will make his first appearance for his new county, Sussex, when they take on Fly Emirates at 12.30pm today, meaning he could be pitched straight into direct conflict with Pakistan's finest.

"I hope he has a bat which hasn't got a great middle - then I might have a bit of a chance," said Panesar, who moved to the English south coast county this winter. "The size of the bats you get these days, you kind of hope they just don't middle it and it goes too long on." The grass banks at the new cricket ground at The Sevens can seat around 4,000 spectators. This is the first staging of a competition that the organisers hope will become cricket's version of the popular Dubai Rugby Sevens. They are hoping the Afridi-effect will bring in between 1,500 and 3,000 people today. All of which could make the challenge facing the fourth side in the competition, the Cape Cobras emerging players side, even more intimidating. The South African franchise took up a late invitation to play here after the participation of the Emirates-sponsored Kings XI Punjab development side was vetoed by Lalit Modi.

The IPL impresario was unwilling to spare a side from his league, no matter that it would have been peopled by little-known, emerging players, while the competition is ongoing. The chances of them featuring again in the coming years of the tournament remains likely, however. The senior Cobras side, meanwhile, are also still embroiled in domestic competition in South Africa. However, their staff are optimistic about the abilities of the raw, young players they have brought here. "They are very excited," said Omar Henry, the former Proteas spin bowler who is manager of the Cobras tour squad. "Selection has come as a shock to most of them. We went outside our provincial spheres, saw raw talent, and just took it and said, 'Come and see what you can do'." @Email:pradley@thenational.ae

SUSSEX: You might recognise: Monty Panesar - the "Sikh of Tweak" once ranked among the most recognisable faces in the English game. However, he has slipped down the pecking order lately, hence the move down south to revive his career. Remember the name: Joe Gatting - Not a difficult surname to remember, given the exploits of uncle Mike, the England captain. Father Steve had a football career of distinction. Joe could become a T20 star. Aspirations: Sussex are the Twenty20 Cup holders in England, and will call on the services of Tillakaratne Dilshan when they defend their title this summer. SURREY: You might recognise: Chris Tremlett - the towering fast bowler was 12th man for England in four of the five Ashes Test matches in 2005. Like Panesar, he is looking to reinvigorate his stalled international career following a move from Hampshire. Remember the name: Stuart Meaker - while still at school, he clocked well in excess of 90mph during a session at the national academy monitored by HawkEye. Aspirations: After years of under-achievement, Surrey are putting the building blocks in place for what they hope will be a golden future. Rory Hamilton-Brown, the new captain has arrived with points to prove.

CAPE COBRAS: You might recognise: Omar Henry - given the youthful make-up of the Cobras squad here, the most recognisable faces feature in their staff. Henry, a left-arm spin bowler, was the first non-white to play for South Africa. Remember the name: Romano Ramoo - a 22-year-old batsman from East London, Ramoo played alongside the likes of Wayne Parnell and Craig Kieswetter for South Africa at the 2006 ICC Under 19 World Cup. Aspirations: The Cobras bosses have the chance to run the rule over players they hope will emulate the successes of JP Duminy and Herschelle Gibbs. Do not rule them out. FLY EMIRATES: You might recognise: Shahid Afridi - he gets banned occasionally for random indiscretions like ball-biting. The World Twenty20 winner, one of the most popular players in the world, you must have heard of him. Remember the name: Amjad Javed - it might seem ridiculous to even think that Afridi may have a challenger for the rank of biggest hitter. But if the UAE all-rounder gets the chance to tee off, take cover. Aspirations: The part-timers have nothing to lose. Arshad Ali scored a double ton in international 50-over cricket long before Sachin Tendulkar made it fashionable. And there is that bloke called Afridi.

Venue: The Sevens, Dubai Admission:Dh25 per day; Dh40 for a two-day pass; Children under 12 enter for free Schedule: Friday 9am - Surrey v Fly Emirates 12.30pm - Sussex v Fly Emirates 4pm - Surrey v Cape Cobras 7.30pm - Sussex v Cape Cobras Saturday 11am - Sussex v Surrey 3pm - Cape Cobras v Fly Emirates 7.30pm - Final

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.”

Profile Idealz

Company: Idealz

Founded: January 2018

Based: Dubai

Sector: E-commerce

Size: (employees): 22

Investors: Co-founders and Venture Partners (9 per cent)

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The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Surianah's top five jazz artists

Billie Holliday: for the burn and also the way she told stories.  

Thelonius Monk: for his earnestness.

Duke Ellington: for his edge and spirituality.

Louis Armstrong: his legacy is undeniable. He is considered as one of the most revolutionary and influential musicians.

Terence Blanchard: very political - a lot of jazz musicians are making protest music right now.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

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Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Results:

Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.

Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km