• England's Bukayo Saka scores the third goal in the 3-0 World Cup Round of 16 win against Senegal at Al Bayt Stadium in Al Khor, Qatar. on December 4, 2022. PA
    England's Bukayo Saka scores the third goal in the 3-0 World Cup Round of 16 win against Senegal at Al Bayt Stadium in Al Khor, Qatar. on December 4, 2022. PA
  • Bukayo Saka scores England's third goal. Getty
    Bukayo Saka scores England's third goal. Getty
  • England's Bukayo Saka celebrates scoring the third goal. PA
    England's Bukayo Saka celebrates scoring the third goal. PA
  • England's Harry Kane scores the second goal. PA
    England's Harry Kane scores the second goal. PA
  • Harry Kane scores England's second goal. Getty
    Harry Kane scores England's second goal. Getty
  • England's Harry Kane scores the second. AFP
    England's Harry Kane scores the second. AFP
  • Harry Kane of England celebrates after scoring the second goal. Getty
    Harry Kane of England celebrates after scoring the second goal. Getty
  • England's Jordan Henderson celebrates scoring the opening goal with Jude Bellingham, Harry Kane and Bukayo Saka. PA
    England's Jordan Henderson celebrates scoring the opening goal with Jude Bellingham, Harry Kane and Bukayo Saka. PA
  • England's Jordan Henderson, left, scores their first goal. PA
    England's Jordan Henderson, left, scores their first goal. PA
  • Jordan Henderson of England celebrates with teammate Jude Bellingham after scoring the opener. EPA
    Jordan Henderson of England celebrates with teammate Jude Bellingham after scoring the opener. EPA
  • England's Jude Bellingham celebrates Jordan Henderson's opening goal. PA
    England's Jude Bellingham celebrates Jordan Henderson's opening goal. PA
  • England's Jordan Henderson celebrates scoring their first goal with Jude Bellingham. AFP
    England's Jordan Henderson celebrates scoring their first goal with Jude Bellingham. AFP
  • Jordan Henderson of England scores the first goal. Getty
    Jordan Henderson of England scores the first goal. Getty
  • England goalkeeper Jordan Pickford saves from Senegal's Boulaye Dia. PA
    England goalkeeper Jordan Pickford saves from Senegal's Boulaye Dia. PA
  • Senegal's Kalidou Koulibaly battles with England's Jude Bellingham. AFP
    Senegal's Kalidou Koulibaly battles with England's Jude Bellingham. AFP
  • Ismaila Sarr of Senegal shoots past Jordan Pickford of England. Getty
    Ismaila Sarr of Senegal shoots past Jordan Pickford of England. Getty
  • Ismaila Sarr of Senegal shoots just over the bar as Jordan Pickford of England dives. Getty
    Ismaila Sarr of Senegal shoots just over the bar as Jordan Pickford of England dives. Getty
  • England's Phil Foden breaks with Senegal's Youssouf Sabaly in pursuit. AFP
    England's Phil Foden breaks with Senegal's Youssouf Sabaly in pursuit. AFP
  • England's Jude Bellingham is challenged by Senegal's Youssouf Sabaly. PA
    England's Jude Bellingham is challenged by Senegal's Youssouf Sabaly. PA
  • Kyle Walker of England jumps for the ball with Boulaye Dia of Senegal. Getty
    Kyle Walker of England jumps for the ball with Boulaye Dia of Senegal. Getty
  • England's goalkeeper Jordan Pickford makes a save. AP
    England's goalkeeper Jordan Pickford makes a save. AP
  • Referee Ivan Arcides Barton Cisneros changes the ball after it went flat. PA
    Referee Ivan Arcides Barton Cisneros changes the ball after it went flat. PA
  • Senegal fans at Al Bayt Stadium. AP
    Senegal fans at Al Bayt Stadium. AP
  • England's Phil Foden evades being tackled by Senegal's Youssouf Sabaly. PA
    England's Phil Foden evades being tackled by Senegal's Youssouf Sabaly. PA
  • Harry Kane of England after being caught by Kalidou Koulibaly. Getty
    Harry Kane of England after being caught by Kalidou Koulibaly. Getty
  • England's Jack Grealish and Senegal's Bamba Dieng battle. AP
    England's Jack Grealish and Senegal's Bamba Dieng battle. AP
  • England's Harry Kane. Reuters
    England's Harry Kane. Reuters
  • England's Jude Bellingham shakes hands with manager Gareth Southgate after being substituted. Reuters
    England's Jude Bellingham shakes hands with manager Gareth Southgate after being substituted. Reuters
  • Senegal's Famara Diedhiou in action with England's Kyle Walker. Reuters
    Senegal's Famara Diedhiou in action with England's Kyle Walker. Reuters

England beat Senegal to set up World Cup quarter-final clash with holders France


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England set up a mouthwatering World Cup quarter-final against reigning champions France as Jordan Henderson, Harry Kane and Bukayo Saka struck against Senegal.

Playing in their first knockout match on the world stage since the agonising extra-time 2018 semi-final loss to Croatia, Gareth Southgate’s men showed their quality to progress in Qatar.

Kane became England’s highest ever scorer at major tournaments after Henderson opened the scoring, with Saka superbly wrapping up a comfortable 3-0 win in Sunday’s last-16 contest at Al Bayt Stadium.

The reward is a return to Al Khor for a crunch clash against France next Saturday as last year’s European Championship runners-up take on the World Cup holders.

Southgate’s side will need to take their performance up a level given some of the problems Africa Cup of Nations winners Senegal were able to cause in a first half that ended with a quick-fire England double.

Henderson was the unlikely man to open the scoring when coolly directing in the cutback from Jude Bellingham, who played a key role as England also scored with the final kick of the first half.

The 19-year-old led a brilliant breakaway that ended with Phil Foden playing on to 2018 Golden Boot winner Kane, who slammed home his first goal in Qatar to become the side’s eighth different goalscorer.

Saka joined Marcus Rashford – the man he replaced in the starting line-up on Sunday – on three goals at this World Cup and ended the contest when he delicately clipped the ball over Edouard Mendy early in the second half.

England were in cruise control from that point and Southgate rung the changes with progress assured to consecutive World Cup quarter-finals – something the national team last managed in 2002 and 2006.

After the game, Harry Kane said of England’s initial struggles to get into the match: “Really tough, you know, knockout games are never easy.

Wales 0 England 3 - player ratings

  • WALES RATINGS: Danny Ward – 5. Made an excellent early save from Rashford, sprinting from his line to block, but was later left to rue a costly mis-step before the Manchester United forward’s free-kick and found himself nutmegged for England’s third. Getty Images
    WALES RATINGS: Danny Ward – 5. Made an excellent early save from Rashford, sprinting from his line to block, but was later left to rue a costly mis-step before the Manchester United forward’s free-kick and found himself nutmegged for England’s third. Getty Images
  • Neco Williams – 5. Reverted to full-back as Robert Page bolstered his defensive numbers, but was substituted with concussion shortly after the half-hour, having taken a powerful Rashford shot to the head. AFP
    Neco Williams – 5. Reverted to full-back as Robert Page bolstered his defensive numbers, but was substituted with concussion shortly after the half-hour, having taken a powerful Rashford shot to the head. AFP
  • Chris Mepham – 6. Impressive in the first half. Quick to sniff and snuff out danger whenever it developed in his vicinity, most notably closing down Foden to force the England man to blaze over. Overrun in the second half though, and perhaps slow to react to the turnover for England’s second. AP Photo
    Chris Mepham – 6. Impressive in the first half. Quick to sniff and snuff out danger whenever it developed in his vicinity, most notably closing down Foden to force the England man to blaze over. Overrun in the second half though, and perhaps slow to react to the turnover for England’s second. AP Photo
  • Joe Rodon – 5. Solid enough in the opening 45 minutes as Wales remained low and compact, but his foul on Foden gave Rashford the half-chance to open the scoring from distance. Clashed heads with Callum Wilson just after the hour but kept going and denied Foden a late tap-in. Getty Images
    Joe Rodon – 5. Solid enough in the opening 45 minutes as Wales remained low and compact, but his foul on Foden gave Rashford the half-chance to open the scoring from distance. Clashed heads with Callum Wilson just after the hour but kept going and denied Foden a late tap-in. Getty Images
  • Ben Davies – 6. Returned to full-back on paper, but spent the majority of his time in a more central area. Caught in possession by Rashford for Foden’s killer second goal and soon departed injured – a sad end for one of Wales’ better performers at the tournament. Getty Images
    Ben Davies – 6. Returned to full-back on paper, but spent the majority of his time in a more central area. Caught in possession by Rashford for Foden’s killer second goal and soon departed injured – a sad end for one of Wales’ better performers at the tournament. Getty Images
  • Joe Allen – 5. Restored to the starting lineup and provided a reliable screen in front of the defence while Wales defended in bulk. Almost capped his display with his side’s best efforts of the first half, but was unable to keep pace with the game as Southgate’s men stepped up through the gears. AFP
    Joe Allen – 5. Restored to the starting lineup and provided a reliable screen in front of the defence while Wales defended in bulk. Almost capped his display with his side’s best efforts of the first half, but was unable to keep pace with the game as Southgate’s men stepped up through the gears. AFP
  • Ethan Ampadu – 6. A more disciplined performance than his showing against Iran. Provided strong defensive reinforcement in open play and showed good ambition and range with his passing. Moved to right-back after England had taken an unassailable lead. Getty Images
    Ethan Ampadu – 6. A more disciplined performance than his showing against Iran. Provided strong defensive reinforcement in open play and showed good ambition and range with his passing. Moved to right-back after England had taken an unassailable lead. Getty Images
  • Daniel James – 4. Brought in on the right side of attack to provide killer pace on the counter, but Wales were unable to get him into the game. Frustration crept into his performance and he picked up a booking for a late foul on Stones. Came close with a curling cross-shot early in the second half. AP Photo
    Daniel James – 4. Brought in on the right side of attack to provide killer pace on the counter, but Wales were unable to get him into the game. Frustration crept into his performance and he picked up a booking for a late foul on Stones. Came close with a curling cross-shot early in the second half. AP Photo
  • Aaron Ramsey – 4. Curbed his creative influence to stifle Declan Rice to good effect in the first half, but had to show more ambition after England’s quickfire double strike. Guilty of a nasty challenge on Henderson which prompted a deserved booking. Getty Images
    Aaron Ramsey – 4. Curbed his creative influence to stifle Declan Rice to good effect in the first half, but had to show more ambition after England’s quickfire double strike. Guilty of a nasty challenge on Henderson which prompted a deserved booking. Getty Images
  • Gareth Bale – 3. His low-key outing against Iran continued with another marginalised performance. Never looked like sprinkling stardust on the occasion. Barely involved in play and only lasted until half time before being hooked as Wales reshuffled. Getty Images
    Gareth Bale – 3. His low-key outing against Iran continued with another marginalised performance. Never looked like sprinkling stardust on the occasion. Barely involved in play and only lasted until half time before being hooked as Wales reshuffled. Getty Images
  • Kieffer Moore – 5. Totally isolated in the first period as Wales spent the vast majority on defensive duties. Left chasing shadows and had to drop deeper to get a sniff of the action. Doing so resulted in a deflected long-ranger which Pickford did well to turn away. Never gave in. EPA
    Kieffer Moore – 5. Totally isolated in the first period as Wales spent the vast majority on defensive duties. Left chasing shadows and had to drop deeper to get a sniff of the action. Doing so resulted in a deflected long-ranger which Pickford did well to turn away. Never gave in. EPA
  • SUBS: Connor Roberts (Neco Williams, 36) – 4. Dropped after a lacklustre showing against Iran, but introduced before half time in place of the stricken Williams. Struggled in the face of England’s pacier opening to the second half as Rashford ran riot. AP Photo
    SUBS: Connor Roberts (Neco Williams, 36) – 4. Dropped after a lacklustre showing against Iran, but introduced before half time in place of the stricken Williams. Struggled in the face of England’s pacier opening to the second half as Rashford ran riot. AP Photo
  • Brennan Johnson (Gareth Bale, half time) – 5. Added more presence than Bale, but only just. Wales struggled to get him involved in the game as England comfortably wrested control. Getty Images
    Brennan Johnson (Gareth Bale, half time) – 5. Added more presence than Bale, but only just. Wales struggled to get him involved in the game as England comfortably wrested control. Getty Images
  • Joe Morrell (Ben Davies, 59) – 5. Joined Joe Allen in a midfield reshuffle but Wales no longer had a foothold in the game. His thankless task became damage limitation. Getty Images
    Joe Morrell (Ben Davies, 59) – 5. Joined Joe Allen in a midfield reshuffle but Wales no longer had a foothold in the game. His thankless task became damage limitation. Getty Images
  • Harry Wilson (Daniel James, 77) – N/A. Entered the fray long after it had been decided. Had one effort from a free-kick but thudded it against the defensive wall. EPA
    Harry Wilson (Daniel James, 77) – N/A. Entered the fray long after it had been decided. Had one effort from a free-kick but thudded it against the defensive wall. EPA
  • Rubin Colwill (Joe Allen, 81) – N/A. A late introduction in place of the injured Allen, but had no time at all to get involved. Smashed one speculative effort well over the bar. AFP
    Rubin Colwill (Joe Allen, 81) – N/A. A late introduction in place of the injured Allen, but had no time at all to get involved. Smashed one speculative effort well over the bar. AFP
  • ENGLAND RATINGS: Jordan Pickford 7 - Save in 55th minute after a shot was deflected off Harry Maguire. Another clean sheet. Getty Images
    ENGLAND RATINGS: Jordan Pickford 7 - Save in 55th minute after a shot was deflected off Harry Maguire. Another clean sheet. Getty Images
  • Kyle Walker 7 - Important minutes for a player who has been short of match fitness since he hasn’t played for two months. Passed the test. AFP
    Kyle Walker 7 - Important minutes for a player who has been short of match fitness since he hasn’t played for two months. Passed the test. AFP
  • John Stones 8 - Stayed on his feet and always in control – like when Moore faced him with an 87th minute chance. Missed a sitter at the end. Getty Images
    John Stones 8 - Stayed on his feet and always in control – like when Moore faced him with an 87th minute chance. Missed a sitter at the end. Getty Images
  • Harry Maguire 7 - A second clean sheet, Maguire is of the view that tight defences go a long way to winning trophies. Solid. Again. More touches than anyone on the pitch. AFP
    Harry Maguire 7 - A second clean sheet, Maguire is of the view that tight defences go a long way to winning trophies. Solid. Again. More touches than anyone on the pitch. AFP
  • Luke Shaw 7 - A couple of key passes. No problems for him. AFP
    Luke Shaw 7 - A couple of key passes. No problems for him. AFP
  • Declan Rice 6 - Smart interception to set up Rashford with a first-half chance, but not as involved as the other midfielders. Higher passing accuracy than any other player. Reuters
    Declan Rice 6 - Smart interception to set up Rashford with a first-half chance, but not as involved as the other midfielders. Higher passing accuracy than any other player. Reuters
  • Jordan Henderson 7 - First England start since March and vocal throughout. Gareth Southgate used as many players as possible and it is working as England finished top of their group. AFP
    Jordan Henderson 7 - First England start since March and vocal throughout. Gareth Southgate used as many players as possible and it is working as England finished top of their group. AFP
  • Jude Bellingham 7 - Beautiful flicks with Foden in England’s best first-half move. Shots, key and accurate passes, better than in the game against the USA. Such a mature player for his age. Such high energy levels, too. Getty Images
    Jude Bellingham 7 - Beautiful flicks with Foden in England’s best first-half move. Shots, key and accurate passes, better than in the game against the USA. Such a mature player for his age. Such high energy levels, too. Getty Images
  • Phil Foden 7 - Started – as most England fans desired – for his 20th cap. Shot wide after 14 and bent a shot wide on 37 after a move where England cut through Wales. Not clinical enough to justify the clamour for his selection but improved and his goal was deserved. Getty Images
    Phil Foden 7 - Started – as most England fans desired – for his 20th cap. Shot wide after 14 and bent a shot wide on 37 after a move where England cut through Wales. Not clinical enough to justify the clamour for his selection but improved and his goal was deserved. Getty Images
  • Marcus Rashford 9 - Had a first-half chance when he ran at the goalkeeper but failed to lift the ball over. Wonderful free-kick over the Welsh wall after 51 gave England the lead, then he won the ball back within a minute which led to the second. And he got the third, smashing it with his left foot. Getty Images
    Marcus Rashford 9 - Had a first-half chance when he ran at the goalkeeper but failed to lift the ball over. Wonderful free-kick over the Welsh wall after 51 gave England the lead, then he won the ball back within a minute which led to the second. And he got the third, smashing it with his left foot. Getty Images
  • Harry Kane 8 - Went straight after Wales when England went ahead and was rewarded by getting the ball to set up Foden with a sweet low cross for England’s second. Pressed from the front. Three assists in the competition now. Getty Images
    Harry Kane 8 - Went straight after Wales when England went ahead and was rewarded by getting the ball to set up Foden with a sweet low cross for England’s second. Pressed from the front. Three assists in the competition now. Getty Images
  • SUBS: Callum Wilson (On for Kane after 57) 7 - Lively shift and brought energy. PA
    SUBS: Callum Wilson (On for Kane after 57) 7 - Lively shift and brought energy. PA
  • Trent Alexander-Arnold (On for Walker after 57) 6 - Key minutes for the Liverpool full-back. Getty Images
    Trent Alexander-Arnold (On for Walker after 57) 6 - Key minutes for the Liverpool full-back. Getty Images
  • Kalvin Phillips (On for Rice after 57) 76 - Super ball forward to Rashford for England’s third goal. Getty Images
    Kalvin Phillips (On for Rice after 57) 76 - Super ball forward to Rashford for England’s third goal. Getty Images
  • Kieran Trippier (On for Shaw after 65) 6 - Being rotated and it’s healthy that Southgate has options at full-back. Getty Images
    Kieran Trippier (On for Shaw after 65) 6 - Being rotated and it’s healthy that Southgate has options at full-back. Getty Images
  • Jack Grealish (On for Rashford after 75) N/A - Got involved straight away. Getty Images
    Jack Grealish (On for Rashford after 75) N/A - Got involved straight away. Getty Images

"We’ve shown great maturity throughout the tournament and three goals against a really good side is a credit to the boys. The mentality was top from the beginning and we took our chances when they came.

"We feel good, we’ve got good runners, good players and we’re solid at the back. Three clean sheets in a row is really important.”

Asked about notching his first goal of the tournament, Kane said: “The ball just sat up nicely and the connection was perfect. It was nice to see that one go in. I’m a striker so whenever I score, I’m happy.”

On the meeting with France, he said: “Really tough game but it will be a good battle.”

Phil Foden said of man of the match Jude Bellingham: “I don’t want to big him up too much because he’s still young but he’s one of the most gifted players I’ve ever seen.

"I don’t see a weakness in his game, I think he’s got everything and I’m sure he’s going to be the best midfielder in the world.”

Director: Laxman Utekar

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

Rating: 1/5

FIRST TEST SCORES

England 458
South Africa 361 & 119 (36.4 overs)

England won by 211 runs and lead series 1-0

Player of the match: Moeen Ali (England)

 

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

The%20specs%3A%20Taycan%20Turbo%20GT
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3EDual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E1%2C108hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C340Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%20(front%20axle)%3B%20two-speed%20transmission%20(rear%20axle)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh928%2C400%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOrders%20open%3C%2Fp%3E%0A
CONFIRMED%20LINE-UP
%3Cp%3E%0DElena%20Rybakina%20(Kazakhstan)%20%20%0D%3Cbr%3EOns%20Jabeur%20(Tunisia)%20%20%0D%3Cbr%3EMaria%20Sakkari%20(Greece)%20%20%0D%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%20%20%0D%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%20%20%0D%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%20%20%0D%3Cbr%3ELiudmila%20Samsonova%20%20%0D%3Cbr%3EDaria%20Kasatkina%E2%80%AF%20%0D%3Cbr%3EVeronika%20Kudermetova%E2%80%AF%20%0D%3Cbr%3ECaroline%20Garcia%20(France)%E2%80%AF%20%0D%3Cbr%3EMagda%20Linette%20(Poland)%E2%80%AF%20%0D%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%E2%80%AF%20%0D%3Cbr%3EAnastasia%20Potapova%E2%80%AF%20%0D%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%E2%80%AF%E2%80%AF%20%0D%3Cbr%3EJasmine%20Paolini%20(Italy)%E2%80%AF%20%0D%3Cbr%3EEmma%20Navarro%20(USA)%E2%80%AF%20%0D%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%3Cbr%3ENaomi%20Osaka%20(Japan)%20-%20wildcard%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20-%20wildcard%3C%2Fp%3E%0A
Biog:

Age: 34

Favourite superhero: Batman

Favourite sport: anything extreme

Favourite person: Muhammad Ali 

Dubai Bling season three

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

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.”

The specs

Engine: Two permanent-magnet synchronous AC motors

Transmission: two-speed

Power: 671hp

Torque: 849Nm

Range: 456km

Price: from Dh437,900 

On sale: now

Updated: December 04, 2022, 9:47 PM