Wales fans cheer their team during its match against USA at Ahmad Bin Ali Stadium. Getty Images
Wales fans cheer their team during its match against USA at Ahmad Bin Ali Stadium. Getty Images
Wales fans cheer their team during its match against USA at Ahmad Bin Ali Stadium. Getty Images
Wales fans cheer their team during its match against USA at Ahmad Bin Ali Stadium. Getty Images

Why Wales fans sing Yma o Hyd and what it means


Paul Carey
  • English
  • Arabic

In 1983, Welsh folk singer Dafydd Iwan wrote a song about his country.

It railed against oppression, and its determination not to be silenced by its English neighbour.

What does Yma o Hyd mean?

Yma o Hyd, which translates to Still Here, was written against a background of political and economic turmoil, referencing Margaret Thatcher and the closure of coal pits in the country's industrial heartlands. It also stretched further into history to the time the Romans pulled out of Wales.

It was a defiant song about Wales's culture and identity. Its voice would still be heard, in its own language, was its message.

Demoralised by defeat in the 1979 independence referendum, Iwan, a political and language activist jailed a number of times, felt Wales was being “lost”. He has said he wrote a a song to say, “in spite of everything, we're still here”.

It became a standard for nationalists and supporters of the Welsh language.

What he could never have imagined, was that almost 40 years later it would become an anthem for the Wales football team and its fans. Its chorus be heard ringing out in the crowd throughout its opening World Cup match against USA, which resulted in a draw.

What are the lyrics to Yma o Hyd?

While England fans sing Football's Coming Home, Wales fans sing in Welsh:

Cofiwn i Facsen Wledig

Adael ein gwlad yn un darn

(We remember that Macsen the Emperor

left our country in one whole piece)

A bloeddiwn gerbron y gwledydd

Mi fyddwn yma tan Ddydd y Farn

(And we shall shout before the nations,

“We'll be here until Judgement Day!)

It goes on to repeat the words:

Ry'n ni yma o hyd

Er gwaetha pawb a phopeth

(We are still here,

in spite of everyone and everything)

Why do Wales fans sing Yma o Hyd?

The song was adopted by the team in recent seasons after fans began singing it during games. The Football Association of Wales spotted the chance to connect with those supporters and incorporated it into the match entertainment.

Before Wales's final qualifying game against Ukraine this summer, Iwan, now 79, was asked to perform the song in front of the crowd — known as the Red Wall — at the Cardiff City Stadium.

USA v Wales player ratings

  • USA RATINGS: Matt Turner – 5 The Arsenal goalkeeper had little to do in the first half, and stood little chance of saving Bale’s powerful penalty in the second. Getty
    USA RATINGS: Matt Turner – 5 The Arsenal goalkeeper had little to do in the first half, and stood little chance of saving Bale’s powerful penalty in the second. Getty
  • Sergio Dest – 6 Booked early on for a challenge on Williams, the AC Milan man was solid throughout, particularly when Wales started turning up the pressure. He was also willing to make the forward moves that sparked attacks. AP
    Sergio Dest – 6 Booked early on for a challenge on Williams, the AC Milan man was solid throughout, particularly when Wales started turning up the pressure. He was also willing to make the forward moves that sparked attacks. AP
  • Tim Ream – 6 The Fulham defender left Moore unmarked for Wales’ best opportunity in the second half but was largely comfortable in the backline. Booked. PA
    Tim Ream – 6 The Fulham defender left Moore unmarked for Wales’ best opportunity in the second half but was largely comfortable in the backline. Booked. PA
  • Walker Zimmerman – 4 The Nashville centre-back was guilty of a reckless challenge on Bale in the box, conceding the penalty that allowed Wales back into the game. AFP
    Walker Zimmerman – 4 The Nashville centre-back was guilty of a reckless challenge on Bale in the box, conceding the penalty that allowed Wales back into the game. AFP
  • Antonee Robinson – 6 One of four Fulham players on the pitch, Robinson was lively on the wing and fared well throughout. EPA
    Antonee Robinson – 6 One of four Fulham players on the pitch, Robinson was lively on the wing and fared well throughout. EPA
  • Weston McKennie – 5 The Juventus player was sloppy in possession at times and looked off the pace as the game went on. Booked. AP
    Weston McKennie – 5 The Juventus player was sloppy in possession at times and looked off the pace as the game went on. Booked. AP
  • Tyler Adams – 6 The 23-year-old became America’s youngest captain at a World Cup since 1950 and put in a top display in the middle of the pitch, especially as Wales applied the pressure after the break. AP
    Tyler Adams – 6 The 23-year-old became America’s youngest captain at a World Cup since 1950 and put in a top display in the middle of the pitch, especially as Wales applied the pressure after the break. AP
  • Yunus Musah – 6 The Valencia midfielder was lively and keen to use his pace to dribble at the Wales defence from the wing. AFP
    Yunus Musah – 6 The Valencia midfielder was lively and keen to use his pace to dribble at the Wales defence from the wing. AFP
  • Christian Pulisic – 6 Wales were unable to handle the Chelsea man in the first half and they were caught out when Pulisic threaded a ball to Weah to tap home. The American’s impact weakened as the game went on. AP
    Christian Pulisic – 6 Wales were unable to handle the Chelsea man in the first half and they were caught out when Pulisic threaded a ball to Weah to tap home. The American’s impact weakened as the game went on. AP
  • Tim Weah – 7 After a strong start, he scored a much deserved goal to break the deadlock when he beat the offside trap and beat Hennessey to tap home. AFP
    Tim Weah – 7 After a strong start, he scored a much deserved goal to break the deadlock when he beat the offside trap and beat Hennessey to tap home. AFP
  • Josh Sargent – 5 The Norwich City striker started his first USA game in over a year and could have opened the scoring when his header hit the side netting inside 10 minutes. Saw little of the ball otherwise. AFP
    Josh Sargent – 5 The Norwich City striker started his first USA game in over a year and could have opened the scoring when his header hit the side netting inside 10 minutes. Saw little of the ball otherwise. AFP
  • SUBS: Brenden Aaronson (McKennie 66’) – 5 Unable to get his header on target in his first action of the game. PA
    SUBS: Brenden Aaronson (McKennie 66’) – 5 Unable to get his header on target in his first action of the game. PA
  • Kellyn Acosta – (Musah 75’) N/A Took one for the team against his LA teammate Bale when he brought down the Welshman with Turner exposed and out of position in the closing stages. AFP
    Kellyn Acosta – (Musah 75’) N/A Took one for the team against his LA teammate Bale when he brought down the Welshman with Turner exposed and out of position in the closing stages. AFP
  • Haji Wright (Dest 75’) – N/A Part of a triple substitution, and he struggled to keep pace with the game. AFP
    Haji Wright (Dest 75’) – N/A Part of a triple substitution, and he struggled to keep pace with the game. AFP
  • DeAndre Yedlin (Sargent 74’) – N/A USA seemed to struggle to retain possession as well when Yedlin entered the pitch. Getty
    DeAndre Yedlin (Sargent 74’) – N/A USA seemed to struggle to retain possession as well when Yedlin entered the pitch. Getty
  • Jordan Morris (Weah 88’) – N/A The former Swansea City player made a late entrance. AFP
    Jordan Morris (Weah 88’) – N/A The former Swansea City player made a late entrance. AFP
  • WALES RATINGS: Wayne Hennessey – 6 The Nottingham Forest goalkeeper saved his side from an awkward own goal with a point-blank save to stop Rodon heading into his own net, but could only watch Weah round him for USA’s opener. Reuters
    WALES RATINGS: Wayne Hennessey – 6 The Nottingham Forest goalkeeper saved his side from an awkward own goal with a point-blank save to stop Rodon heading into his own net, but could only watch Weah round him for USA’s opener. Reuters
  • Chris Mepham – 5 The Welshman found it hard to deal with Pulisic on the wing in the first half, but grew into the pressure as the game went on and as Wales started to attack. Booked. AFP
    Chris Mepham – 5 The Welshman found it hard to deal with Pulisic on the wing in the first half, but grew into the pressure as the game went on and as Wales started to attack. Booked. AFP
  • Joe Rodon – 5 Got lucky when Hennessey’s point-blank save denied a headed own goal. Later, he was drawn into an aerial duel which he failed to win, leaving his side exposed for Weah’s opener. Getty
    Joe Rodon – 5 Got lucky when Hennessey’s point-blank save denied a headed own goal. Later, he was drawn into an aerial duel which he failed to win, leaving his side exposed for Weah’s opener. Getty
  • Ben Davies – 5 The Spurs man thought he’d found the equaliser for Wales when his header forced Turner into a smart save. AFP
    Ben Davies – 5 The Spurs man thought he’d found the equaliser for Wales when his header forced Turner into a smart save. AFP
  • Connor Roberts – 6 The Burnley man had a better second half when he started making more meaningful runs on the wing, which allowed Wales to advance forward. Managed to get a touch on the ball when Pulisic was played into the box. AFP
    Connor Roberts – 6 The Burnley man had a better second half when he started making more meaningful runs on the wing, which allowed Wales to advance forward. Managed to get a touch on the ball when Pulisic was played into the box. AFP
  • Ethan Ampadu – 6 The Spenzia midfielder saw an ambitious attempt fly over the crossbar inside 15 minutes. He was keen to get stuck in throughout the contest and showed plenty of energy, encapsulated by a superb tackle on Zimmermann late on. EPA
    Ethan Ampadu – 6 The Spenzia midfielder saw an ambitious attempt fly over the crossbar inside 15 minutes. He was keen to get stuck in throughout the contest and showed plenty of energy, encapsulated by a superb tackle on Zimmermann late on. EPA
  • Aaron Ramsey – 5 The Nice midfielder took a while to get into the game and will be hoping to better influence the proceedings as the World Cup progresses. Getty
    Aaron Ramsey – 5 The Nice midfielder took a while to get into the game and will be hoping to better influence the proceedings as the World Cup progresses. Getty
  • Neco Williams – 6 The 21-year-old was at fault and unaware of Weah, who he played onside, when Pulisic released the pacy American in the build up to the goal. Utilised the wing more in an attacking sense in the second half. PA
    Neco Williams – 6 The 21-year-old was at fault and unaware of Weah, who he played onside, when Pulisic released the pacy American in the build up to the goal. Utilised the wing more in an attacking sense in the second half. PA
  • Harry Wilson – 5 Given a surprise nod ahead of Kieffer Moore, Wilson seemed to grow into the game after the restart. AFP
    Harry Wilson – 5 Given a surprise nod ahead of Kieffer Moore, Wilson seemed to grow into the game after the restart. AFP
  • Gareth Bale – 6 Anonymous for much of the game, but it was no surprise when he finally got on the ball that things happened. No hesitation from the spot to level. Booked. Getty
    Gareth Bale – 6 Anonymous for much of the game, but it was no surprise when he finally got on the ball that things happened. No hesitation from the spot to level. Booked. Getty
  • Daniel James – 5 The Fulham forward was unable to get a hold of the game and was substituted at half-time. Getty
    Daniel James – 5 The Fulham forward was unable to get a hold of the game and was substituted at half-time. Getty
  • SUBS: Kieffer Moore (James 46’) – 7 The Bournemouth striker was brought on at half-time and his presence made an instant impact. He came close with a towering header. Getty
    SUBS: Kieffer Moore (James 46’) – 7 The Bournemouth striker was brought on at half-time and his presence made an instant impact. He came close with a towering header. Getty
  • Brennan Johnson (Williams 79’) – 5 The Nottingham Forest forward was looking to get back on goalscoring form but could only direct a shot into Turner’s arms after a solo break forward. AFP
    Brennan Johnson (Williams 79’) – 5 The Nottingham Forest forward was looking to get back on goalscoring form but could only direct a shot into Turner’s arms after a solo break forward. AFP
  • Sorba Thomas (Wilson 90+1’) – N/A Earned his seventh cap in a late change. AFP
    Sorba Thomas (Wilson 90+1’) – N/A Earned his seventh cap in a late change. AFP
  • Joe Morrell (Ampadu 96’) – N/A A late injury substitution. AFP
    Joe Morrell (Ampadu 96’) – N/A A late injury substitution. AFP

With football fans as sons who have travelled to away matches, he knew it would mean a lot to the players and fans. With more than a few tears in his eyes, Iwan stepped up to deliver an emotional performance, made all the sweeter as Wales' 2-1 victory saw them reach the World Cup finals for the first time since 1958.

He told WalesOnline afterwards: “I get quite emotional singing certain songs, especially this one. But the atmosphere and sound made it all the more special. The Red Wall was like one big choir singing it with me. It was fantastic to realise for myself in that moment what it meant to the fans — the song has almost become like an anthem to them, and what's even more fantastic is knowing that Welsh and non-Welsh speakers were singing it too.”

He continued: “The song is essentially about survival — Wales is still here and the Welsh language is very much alive. It's also about celebrating being a small nation. The Welsh football team has contributed a lot to those aspects as well.”

After the Ukraine victory, Wales's most-capped player Chris Gunter invited Iwan onto the pitch to celebrate with the team. Gunter was the catalyst for the song being taken up by the team after adding it to their prematch playlist.

“Chris Gunter started it,” said Wales manager Rob Page earlier this year. “We played it every day before training and on the coach, and that is something we have now got as our anthem. It is a big part of what we are all about. The song is very poignant. We can all relate to it. We are all passionate Welsh people who love our country.”

The surge in Wales’s on-pitch fortunes has coincided with a new era of self-confidence for its fans, and perhaps the country as a whole.

The Red Wall, a term coined by Bale when talking about the lift his team get when walking on to the pitch and seeing the fans, has its own identity, from bucket hats and retro shirts to the songs and anthems they sing.

Their numbers have grown from the brave dozens who would travel abroad in the early 2000s to thousands now.

Among the long-standing and frequently suffering has been author Tim Hartley, who has travelled the world writing about his love of football and its fans.

The Welsh language is something that unites many Welsh fans, he told The National.

According to the Welsh government’s Annual Population Survey, about 29 per cent of Welsh people, or 899,500 people, can speak Welsh to some degree.

But it punched above its weight when it comes to football supporters, many of whom come from North Wales where the proportion of first-language speakers is greatest.

The self-confident, bilingual atmosphere has not arrived by accident.

The Football Association of Wales, rare among sporting governing bodies in that it is actually popular with fans, has been at pains not to dictate how its matches should be supported.

“The feeling around football is very authentic,” said Rob Dowling, head of content and engagement at the association. “It’s run by people that really care about the game and it’s been embraced by the Welsh public.

“We use language in a really accessible way in terms of mixing it with English. It has really pulled the country together.”

That tactic was noticeable in the stands at Ahmed bin Ali Stadium on Monday, when behind the goals, the Red Wall sprang into voice. Wales are still here.

The ups and downs of Welsh football — in pictures

  • Wales qualified for their first World Cup Finals in 1958, when the tournament was played in Sweden. Wales drew with Mexico 1-1 in a group stage match, with star centre-forward John Charles scoring, above. All photos: Getty Images
    Wales qualified for their first World Cup Finals in 1958, when the tournament was played in Sweden. Wales drew with Mexico 1-1 in a group stage match, with star centre-forward John Charles scoring, above. All photos: Getty Images
  • Swedish goalkeeper Kalle Svensson, assisted by full back Sven Axbom, saves a shot from John Charles during a group stage match between Sweden and Wales at the 1958 World Cup. Wales progressed from the group stage to face Brazil in the quarter finals.
    Swedish goalkeeper Kalle Svensson, assisted by full back Sven Axbom, saves a shot from John Charles during a group stage match between Sweden and Wales at the 1958 World Cup. Wales progressed from the group stage to face Brazil in the quarter finals.
  • A 17-year-old Pele throws himself over the ball in the net after Brazil scored the single, winning goal of the World Cup quarter final against Wales in the 1958 World Cup.
    A 17-year-old Pele throws himself over the ball in the net after Brazil scored the single, winning goal of the World Cup quarter final against Wales in the 1958 World Cup.
  • Pele is tackled by two Welsh players during the 1958 quarter final.
    Pele is tackled by two Welsh players during the 1958 quarter final.
  • Ivor Allchurch of Wales competes for the ball against Hideraldo Bellini and Nilton De Sordi of Brazil during the quarter final.
    Ivor Allchurch of Wales competes for the ball against Hideraldo Bellini and Nilton De Sordi of Brazil during the quarter final.
  • Brian Flynn of Wales gets in a shot at goal during the 1978 World Cup play-off match between Wales and Scotland at Anfield in Liverpool. Scotland won the match 2-0, booking their spot at the World Cup in Argentina, with Wales missing out.
    Brian Flynn of Wales gets in a shot at goal during the 1978 World Cup play-off match between Wales and Scotland at Anfield in Liverpool. Scotland won the match 2-0, booking their spot at the World Cup in Argentina, with Wales missing out.
  • Welsh striker, and future national team manager, Mark Hughes during a World Cup qualifying match against Iceland in 1984 in Cardiff. Wales again failed to end the qualifying campaign successfully, missing out on a place at the 1986 World Cup in Mexico.
    Welsh striker, and future national team manager, Mark Hughes during a World Cup qualifying match against Iceland in 1984 in Cardiff. Wales again failed to end the qualifying campaign successfully, missing out on a place at the 1986 World Cup in Mexico.
  • Ian Rush in action for Wales in 1985 against Scotland in a World Cup qualifier. Rush was Wales's record goal scorer, until his tally was surpassed by Gareth Bale in 2018.
    Ian Rush in action for Wales in 1985 against Scotland in a World Cup qualifier. Rush was Wales's record goal scorer, until his tally was surpassed by Gareth Bale in 2018.
  • The Wales squad in 1993, ahead of a qualifying campaign for the 1994 World Cup to be held in the USA.
    The Wales squad in 1993, ahead of a qualifying campaign for the 1994 World Cup to be held in the USA.
  • Wales were in the running to qualify for the 1994 World Cup right up until their final qualification match against Romania. Seven minutes from the end of the game, Romania took a 2-1 lead to qualify for the finals and confirm another year of disappointment for Wales.
    Wales were in the running to qualify for the 1994 World Cup right up until their final qualification match against Romania. Seven minutes from the end of the game, Romania took a 2-1 lead to qualify for the finals and confirm another year of disappointment for Wales.
  • Wales captain Vinnie Jones sings the national anthem alongside goalkeeper Neville Southall before the World Cup qualifier against the Netherlands in 1996 in Eindhoven. Wales again failed to reach the World Cup again, missing out on a spot at the 1998 tournament in France.
    Wales captain Vinnie Jones sings the national anthem alongside goalkeeper Neville Southall before the World Cup qualifier against the Netherlands in 1996 in Eindhoven. Wales again failed to reach the World Cup again, missing out on a spot at the 1998 tournament in France.
  • Ryan Giggs celebrates scoring for Wales during the World Cup qualifier between Northern Ireland and Wales in Belfast in 2005. Giggs, one of the most high-profile players to represent the country, never made it to the World Cup with the team.
    Ryan Giggs celebrates scoring for Wales during the World Cup qualifier between Northern Ireland and Wales in Belfast in 2005. Giggs, one of the most high-profile players to represent the country, never made it to the World Cup with the team.
  • Wales made it to a major finals in 2016, qualifying for the European Championships held in France. Here Welsh fans in Cardiff celebrate after Gareth Bale scored the first goal during the Euro 2016 group match against England in France.
    Wales made it to a major finals in 2016, qualifying for the European Championships held in France. Here Welsh fans in Cardiff celebrate after Gareth Bale scored the first goal during the Euro 2016 group match against England in France.
  • Welsh manager Chris Coleman celebrates with Ashley Williams after he scored his team's first goal during the Euro 2016 quarter-final against Belgium in Lille, France.
    Welsh manager Chris Coleman celebrates with Ashley Williams after he scored his team's first goal during the Euro 2016 quarter-final against Belgium in Lille, France.
  • Hal Robson-Kanu celebrates scoring the second goal during Wales's 3-1 Euro 2016 quarter-final win against Belgium.
    Hal Robson-Kanu celebrates scoring the second goal during Wales's 3-1 Euro 2016 quarter-final win against Belgium.
  • Wales made it all the way to the semi-finals of Euro 2016, where Cristiano Ronaldo and Portugal defeated them at Stade des Lumieres in Lyon.
    Wales made it all the way to the semi-finals of Euro 2016, where Cristiano Ronaldo and Portugal defeated them at Stade des Lumieres in Lyon.
  • Fans in Cardiff wait to welcome home the Wales team after their exit from the Euro 2016 championships.
    Fans in Cardiff wait to welcome home the Wales team after their exit from the Euro 2016 championships.
  • Despite their success at Euro 2016, Wales again failed to qualify for the World Cup in their next campaign – a dejected Aaron Ramsey after defeat in a 2018 World Cup qualifier between Wales and Republic of Ireland in Cardiff, which meant they failed to clinch a play-off spot.
    Despite their success at Euro 2016, Wales again failed to qualify for the World Cup in their next campaign – a dejected Aaron Ramsey after defeat in a 2018 World Cup qualifier between Wales and Republic of Ireland in Cardiff, which meant they failed to clinch a play-off spot.
  • Wales qualified for their second European Championships in a row, booking a place in the Euro 2020 finals, which took place in 2021 because of the Covid-19 Pandemic. They were knocked out by Denmark in the round of 16 match.
    Wales qualified for their second European Championships in a row, booking a place in the Euro 2020 finals, which took place in 2021 because of the Covid-19 Pandemic. They were knocked out by Denmark in the round of 16 match.
  • Wales reach their first World Cup since 1958 – Gareth Bale celebrates with team mates after victory in the World Cup qualifier between Wales and Ukraine at Cardiff, sending the team to the 2022 finals in Qatar.
    Wales reach their first World Cup since 1958 – Gareth Bale celebrates with team mates after victory in the World Cup qualifier between Wales and Ukraine at Cardiff, sending the team to the 2022 finals in Qatar.

Lyrics — Yma o Hyd chorus

Ry'n ni yma o hyd

Ry'n ni yma o hyd

Er gwaetha pawb a phopeth

Er gwaetha pawb a phopeth

Er gwaetha pawb a phopeth

Ry'n ni yma o hyd

Ry'n ni yma o hyd

Er gwaetha pawb a phopeth

Er gwaetha pawb a phopeth

Er gwaetha pawb a phopeth

Ry'n ni yma o hyd

(We are still here,

we are still here,

in spite of everyone and everything,

in spite of everyone and everything,

in spite of everyone and everything.

We are still here,

we are still here,

in spite of everyone and everything,

in spite of everyone and everything,

in spite of everyone and everything.

We are still here.)

The biog:

Favourite book: The Leader Who Had No Title by Robin Sharma

Pet Peeve: Racism 

Proudest moment: Graduating from Sorbonne 

What puts her off: Dishonesty in all its forms

Happiest period in her life: The beginning of her 30s

Favourite movie: "I have two. The Pursuit of Happiness and Homeless to Harvard"

Role model: Everyone. A child can be my role model 

Slogan: The queen of peace, love and positive energy

THE BIO

Age: 33

Favourite quote: “If you’re going through hell, keep going” Winston Churchill

Favourite breed of dog: All of them. I can’t possibly pick a favourite.

Favourite place in the UAE: The Stray Dogs Centre in Umm Al Quwain. It sounds predictable, but it honestly is my favourite place to spend time. Surrounded by hundreds of dogs that love you - what could possibly be better than that?

Favourite colour: All the colours that dogs come in

Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

MATCH INFO

Confederations Cup Group B

Germany v Chile

Kick-off: Thursday, 10pm (UAE)

Where: Kazan Arena, Kazan

Watch live: Abu Dhabi Sports HD

MATCH INFO

Alaves 1 (Perez 65' pen)

Real Madrid 2 (Ramos 52', Carvajal 69')

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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.”

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The fake news generation

288,000 – the number of posts reported as hate speech that were deleted by Facebook globally each month in May and June this year

11% – the number of Americans who said they trusted the news they read on Snapchat as of June 2017, according to Statista. Over a quarter stated that they ‘rarely trusted’ the news they read on social media in general

31% - the number of young people in the US aged between 10 and 18 who said they had shared a news story online in the last six months that they later found out was wrong or inaccurate

63% - percentage of Arab nationals who said they get their news from social media every single day.

MATCH INFO

Juventus 1 (Dybala 45')

Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')

Red card: Rodrigo Bentancur (Juventus)

COMPANY%20PROFILE
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Breast cancer in men: the facts

1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.

2) Symptoms can include a lump, discharge, swollen glands or a rash. 

3) People with a history of cancer in the family can be more susceptible. 

4) Treatments include surgery and chemotherapy but early diagnosis is the key. 

5) Anyone concerned is urged to contact their doctor

 

Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

The specs

Engine: 2.2-litre, turbodiesel

Transmission: 6-speed auto

Power: 160hp

Torque: 385Nm

Price: Dh116,900

On sale: now

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Match info

Huddersfield Town 0

Chelsea 3
Kante (34'), Jorginho (45' pen), Pedro (80')

Sri Lanka Test squad:

Dimuth Karunaratne (stand-in captain), Niroshan Dickwella (vice captain), Lahiru Thirimanne, Kaushal Silva, Kusal Mendis, Kusal Janith Perera, Milinda Siriwardana, Dhananjaya de Silva, Oshada Fernando, Angelo Perera, Suranga Lakmal, Kasun Rajitha, Vishwa Fernando, Chamika Karunaratne, Mohamed Shiraz, Lakshan Sandakan and Lasith Embuldeniya.

MATCH INFO

Uefa Champions League last-16, second leg:

Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')

Ajax win 5-3 on aggregate

Previous men's records
  • 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
  • 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
  • 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
  • 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
  • 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
  • 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
  • 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
  • 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
  • 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
  • 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
Cases of coronavirus in the GCC as of March 15

Saudi Arabia – 103 infected, 0 dead, 1 recovered

UAE – 86 infected, 0 dead, 23 recovered

Bahrain – 210 infected, 0 dead, 44 recovered

Kuwait – 104 infected, 0 dead, 5 recovered

Qatar – 337 infected, 0 dead, 4 recovered

Oman – 19 infected, 0 dead, 9 recovered

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Updated: November 22, 2022, 10:29 AM