UAE's Mohammed Fayez, right, challenges South Africa's Sameehg Doutie during their U20  match in Alexandria.
UAE's Mohammed Fayez, right, challenges South Africa's Sameehg Doutie during their U20 match in Alexandria.

UAE stage late rally in U20 opener



ALEXANDRIA // The UAE staged a stirring comeback from two goals down to snatch a point against South Africa in their opening Group F game of the Under 20 World Cup. Hamdan al Kamali scored from the penalty spot a minute from full time and Theyab Awana headed home in the final seconds to earn a point from a game, which had seemed a lost cause after Kermit Erasmus' second-half brace for the South Africans. There would have been no need for last minute heroics, though, if the UAE marksmen had made use of the opportunities that came their way early on. The South Africans were on the ropes for virtually the entire opening session, but the UAE's poor finishing kept the game goalless. Erasmus struck twice within 13 minutes to give his side, who finished the game with 10 men, a comfortable cushion. The game, however, made a dramatic turn a minute from time when Ahmed Ali was pulled down inside the box and the UAE's skipper al Kamali converted from the spot. Ali then crossed the ball for Awana to rise high and head into the net for the equaliser and send the crowds into raptures. Ali was earlier responsible for Ramahlwe Mphahlele's sending off when the South African captain dragged the substitute Emirati striker down just outside the box in the 82nd minute. It was his second offence and he was given his marching orders. Earlier, backed by a capacity 14,000 crowd, a rare occurrence for any UAE team, the "Whites" turned on the style for their appreciative audience. There were plenty of feints that brought cheers. They hustled hard too, not overawed by their more physical opponents. Goals, however, remained elusive in the first half despite a few good chances. The first came as early as the 4th minute when Ahmed Khalil, Asia's best youth player, made a searing run down the right and crossed for Ali Mabkhoot, who missed the target by inches. Mabkhoot was on target in the 16th minute with a header, but the strike was chalked off for offside. The UAE's best opportunity came in the 33rd minute when the impressive Awana powered his way past a couple of defenders and crossed to Khalil for a simple tap-in. The Al Ahli star, however, cannoned the ball high over the crossbar from just a metre out. The wasted opportunities came back to haunt the UAE when George Maluleka's pass for Kermit Erasmus in the 53rd minute caught the defence napping and the Feyenoord prodigy slipped the ball past the helpless UAE keeper Yousif Abdulrehman. Five minutes later, Khalil had an opportunity to level the score as he went one-on-one with the Bafana keeper Darren Keet but he was off target yet again. The young Ahli star was hauled off a few minutes later and Ahmed Ali was introduced into the attack. Erasmus extended the lead with 18 minutes left and it looked game over for the UAE. But Ali proved right Mahdi Ali's pre-match boast that the Al Wahda ace was his "joker" in the pack with his heroics in the frantic final moments.

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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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Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

Prop idols

Girls full-contact rugby may be in its infancy in the Middle East, but there are already a number of role models for players to look up to.

Sophie Shams (Dubai Exiles mini, England sevens international)

An Emirati student who is blazing a trail in rugby. She first learnt the game at Dubai Exiles and captained her JESS Primary school team. After going to study geophysics at university in the UK, she scored a sensational try in a cup final at Twickenham. She has played for England sevens, and is now contracted to top Premiership club Saracens.

----

Seren Gough-Walters (Sharjah Wanderers mini, Wales rugby league international)

Few players anywhere will have taken a more circuitous route to playing rugby on Sky Sports. Gough-Walters was born in Al Wasl Hospital in Dubai, raised in Sharjah, did not take up rugby seriously till she was 15, has a master’s in global governance and ethics, and once worked as an immigration officer at the British Embassy in Abu Dhabi. In the summer of 2021 she played for Wales against England in rugby league, in a match that was broadcast live on TV.

----

Erin King (Dubai Hurricanes mini, Ireland sevens international)

Aged five, Australia-born King went to Dubai Hurricanes training at The Sevens with her brothers. She immediately struck up a deep affection for rugby. She returned to the city at the end of last year to play at the Dubai Rugby Sevens in the colours of Ireland in the Women’s World Series tournament on Pitch 1.

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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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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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Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

UAE SQUAD

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