Cameroon fought back from two goals down to force a thrilling 3-3 Group G draw with Serbia at Al Janoub Stadium on Monday.
Jean-Charles Castelletto had given Cameroon the lead only for Strahinja Pavlovic and Sergej Milinkovic-Savic to turn the game on its head with goals in first-half injury-time.
Serbia went 3-1 up when striker Aleksandar Mitrovic scored his first goal of the tournament just after half-time to leave Rigobert Song's team facing a comprehensive defeat.
But the Africans responded in spectacular fashion as substitute Vincent Aboubakar and Eric-Maxim Choupo-Moting both scored in the space of three minutes just after the hour mark to haul their side level.
The result leave both Cameroon – who lost to Switzerland in their opening group game – and Serbia on a single point, two behind group leaders Brazil and Switzerland who play later on Monday.
Cameroon have a tough task ahead as they play Brazil in their final match, which they look set to play without first-choice goalkeeper Andre Onana who was dropped from the match day squad just hours before kick-off following an unspecified disciplinary issue.
Media reports suggest that Onana has been sent home from the World Cup after a disagreement with Song, but that pre-match turmoil didn't stop Cameroon putting in a fighting display against a Serbia team who probably deserved to win on the balance of play.
Mitrovic was almost invisible in Serbia's defeat to Brazil but here he was involved from kick-off, the Fulham forward unlucky not to give Serbia the lead in the 11th minute when he crashed a shot off the post from a tight angle following a neat exchange of passes with Dusan Tadic.
But Mitrovic only had himself to blame for not opening the scoring six minutes later, shanking an awful first-time finish wide when, after a mix up in the Cameroon defence, the ball dropped at his feet with only Onana's replacement Devis Epassy to beat.
And Castelletto punished the Serbs for Mitrovic's miss in the 29th minute with the simplest of finishes after ghosting in at the back post to meet Nicolas Nkoulou's flick-on at a corner.
Pierre Kunde then passed up a golden opportunity to double Cameroon's lead in the 43rd minute when he first shot straight at goalkeeper Vanja Milinkovic-Savic and then smashed the rebound wide.
It was Cameroon's turn to be undone at a set-piece as the half crept into first-half stoppage time when Pavlovic brilliantly headed home Dusan Tadic's floated free-kick.
The Serbs' tails were up and Sergej Milinkovic-Savic flipped the match on its head two minutes later with a superb left-footed finish after Andre-Frank Zambo Anguissa sloppily gave the ball away just outside his own penalty area.
Mitrovic finally had the goal his strong display deserved seven minutes after the break, tapping in Andrija Zivkovic's pass unopposed at the end of beautiful move guided by Milinkovic-Savic and Tadic.
The match looked over but from nowhere Cameroon sprung back into life thanks to Aboubakar's odd goal.
The Al Nassr forward raced through on to Castelletto's launched pass over the top and scooped an improbable finish over the Serbia 'keeper, beaming with delight after his goal was awarded following a VAR check.
Aboubakar's pace caused Serbia all kinds of problems and he laid on Choupo-Moting's leveller, bursting down the right and laying on a simple finish for the Bayern Munich forward which sparked wild celebrations on the pitch and in the stands.
Neither side could find a winner in an end-to-end finish to the game and their bids to make the knockouts will go down to the final game.
Blonde
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World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
Killing of Qassem Suleimani
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.”
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
ULTRA PROCESSED FOODS
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- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5