• Morocco's players celebrate after their 3-0 penalty shoot-out victory in the World Cup Round of 16 match against Spain at Education City Stadium on December 6, 2022, in Al Rayyan, Qatar. Getty
    Morocco's players celebrate after their 3-0 penalty shoot-out victory in the World Cup Round of 16 match against Spain at Education City Stadium on December 6, 2022, in Al Rayyan, Qatar. Getty
  • Morocco's Achraf Hakimi celebrates with teammates after scoring the winning penalty. AFP
    Morocco's Achraf Hakimi celebrates with teammates after scoring the winning penalty. AFP
  • Morocco goalkeeper Bono saves from Sergio Busquets of Spain during the penalty shoot-out. EPA
    Morocco goalkeeper Bono saves from Sergio Busquets of Spain during the penalty shoot-out. EPA
  • Dejected Spain players after the match. AFP
    Dejected Spain players after the match. AFP
  • Morocco players celebrate the win. AFP
    Morocco players celebrate the win. AFP
  • Achraf Hakimi of Morocco celebrates after the team's victory in the penalty shoot-out against Spain. Getty
    Achraf Hakimi of Morocco celebrates after the team's victory in the penalty shoot-out against Spain. Getty
  • Hakim Ziyech and Achraf Hakimi of Morocco celebrate after the team's victory. Getty
    Hakim Ziyech and Achraf Hakimi of Morocco celebrate after the team's victory. Getty
  • Achraf Hakimi of Morocco scores the team's fourth and winning penalty in the shoot-out against Spain. Getty
    Achraf Hakimi of Morocco scores the team's fourth and winning penalty in the shoot-out against Spain. Getty
  • Morocco's Achraf Hakimi scores the winning penalty. Reuters
    Morocco's Achraf Hakimi scores the winning penalty. Reuters
  • Spain's goalkeeper Unai Simon watches Morocco's Achraf Hakimi's winning penalty hits the back of the net. AP
    Spain's goalkeeper Unai Simon watches Morocco's Achraf Hakimi's winning penalty hits the back of the net. AP
  • Goalkeeper Bono of Morocco saves the third penalty by Sergio Busquets of Spain. Getty
    Goalkeeper Bono of Morocco saves the third penalty by Sergio Busquets of Spain. Getty
  • Morocco players react after goalkeeper Yassine Bounou saves a penalty from Spain's Carlos Soler. PA
    Morocco players react after goalkeeper Yassine Bounou saves a penalty from Spain's Carlos Soler. PA
  • Morocco's Hakim Ziyech scores a penalty shoot-out. AP
    Morocco's Hakim Ziyech scores a penalty shoot-out. AP
  • Bono of Morocco makes a save against a penalty by Carlos Soler of Spain in the penalty shoot-out. Getty
    Bono of Morocco makes a save against a penalty by Carlos Soler of Spain in the penalty shoot-out. Getty
  • Unai Simon of Spain makes a save against Walid Cheddira of Morocco. Getty
    Unai Simon of Spain makes a save against Walid Cheddira of Morocco. Getty
  • Spain's Marco Asensio hits the side netting with a shot. AP
    Spain's Marco Asensio hits the side netting with a shot. AP
  • Spain's Marco Asensio after hitting the side netting with an attempt on goal. AFP
    Spain's Marco Asensio after hitting the side netting with an attempt on goal. AFP
  • Morocco keeper Bono punches the ball clear. Getty
    Morocco keeper Bono punches the ball clear. Getty
  • Morocco goalkeeper Bono is put under pressure by Marco Asensio of Spain. Getty
    Morocco goalkeeper Bono is put under pressure by Marco Asensio of Spain. Getty
  • Morocco's Nayef Aguerd heads a good chance over the bar. AP
    Morocco's Nayef Aguerd heads a good chance over the bar. AP
  • Morocco's Nayef Aguerd heads the ball over the bar. AFP
    Morocco's Nayef Aguerd heads the ball over the bar. AFP
  • Noussair Mazraoui of Morocco battles for possession with Ferran Torres of Spain. Getty
    Noussair Mazraoui of Morocco battles for possession with Ferran Torres of Spain. Getty
  • Youssef En-Nesyri, Sergio Busquets and Nayef Aguerd challenge for the ball. EPA
    Youssef En-Nesyri, Sergio Busquets and Nayef Aguerd challenge for the ball. EPA
  • Morocco's Noussair Mazraoui and Spain's Ferran Torres battle. AP
    Morocco's Noussair Mazraoui and Spain's Ferran Torres battle. AP
  • Spain's forward Marco Asensio fights for the ball with Morocco's Romain Ghanem Saiss. AFP
    Spain's forward Marco Asensio fights for the ball with Morocco's Romain Ghanem Saiss. AFP
  • Morocco keeper Bono saves a shot by Spain's Gavi. AP
    Morocco keeper Bono saves a shot by Spain's Gavi. AP
  • Spain manager Luis Enrique talks to Gavi. EPA
    Spain manager Luis Enrique talks to Gavi. EPA
  • Morocco keeper Bono tips a shot from Spain's Gavi on to the bar. Getty
    Morocco keeper Bono tips a shot from Spain's Gavi on to the bar. Getty
  • Spain's Gavi talks to Argentinian referee Fernando Rapallini after fouling Morocco's Sofiane Boufal. AFP
    Spain's Gavi talks to Argentinian referee Fernando Rapallini after fouling Morocco's Sofiane Boufal. AFP
  • Spain's Dani Olmo grimaces in pain. AP
    Spain's Dani Olmo grimaces in pain. AP
  • Spain's Aymeric Laporte challenges for the ball against Morocco's Walid Cheddira. AP
    Spain's Aymeric Laporte challenges for the ball against Morocco's Walid Cheddira. AP
  • Morocco's Nayef Aguerd walks off the pitch after picking up an injury. AP
    Morocco's Nayef Aguerd walks off the pitch after picking up an injury. AP
  • Morocco midfielder Hakim Ziyech talks with coach Walid Regragui. AFP
    Morocco midfielder Hakim Ziyech talks with coach Walid Regragui. AFP
  • Morocco's goalkeeper Bono punches clear. AFP
    Morocco's goalkeeper Bono punches clear. AFP
  • Aymeric Laporte of Spain is booked. EPA
    Aymeric Laporte of Spain is booked. EPA

'Every Moroccan is Moroccan': Regragui's fight to include foreign-born players vindicated


John McAuley
  • English
  • Arabic

Morocco manager Walid Regragui said the dramatic penalty-shootout victory against Spain vindicated his fight for foreign-born players to be included in their World Cup squad.

Spain-born Achraf Hakimi struck the winning spot-kick against the 2010 champions at Education City Stadium on Tuesday night, etching Morocco in history as the first Arab team to reach the quarter-finals of football’s showpiece tournament.

Hakimi, who plays for Paris Saint-Germain having begun his professional career with Real Madrid, is one of 14 players within Morocco’s 26-man squad born outside of the country.

Yassine Bounou, the goalkeeper better known as "Bono" who saved two penalties in the shootout after the match finished goalless, was born in Canada.

Regragui, born in France, said Morocco’s record run was proof that foreign-born players can help lift the national team to sustained success.

“For this I have fought,” he said. “Before this World Cup we had a lot of problems about the guys born in Europe and guys not born in Morocco and a lot of journalists said, ‘Why don’t we play with guys born in Morocco?’.

“Today we have shown that every Moroccan is Moroccan. When he comes to the national team he wants to die, he wants to fight. As the coach, I was born in France, and nobody can have my heart for my country.

“This is what I say to the players. Every time they come to the national team they give 100 per cent.

“What is good is that players are born in Germany, Italy, Spain, France, the Netherlands, Belgium – every country has a football culture and we have created a mixture and I’m very happy with that.”

Morocco v Spain ratings

  • MOROCCO RATINGS: Bono, 9 – The eccentric keeper performed like his namesake with some fantastic saves, but most importantly, he was the saviour in the shootout. AFP
    MOROCCO RATINGS: Bono, 9 – The eccentric keeper performed like his namesake with some fantastic saves, but most importantly, he was the saviour in the shootout. AFP
  • Achraf Hakimi, 9 – The audacious PSG sensation rounded off a great defensive display with a panenka to knock out the Spanish. AFP
    Achraf Hakimi, 9 – The audacious PSG sensation rounded off a great defensive display with a panenka to knock out the Spanish. AFP
  • Nayef Aguerd, 8 – The West Ham star was disappointed to hobble off with an injury after showcasing great focus throughout to go alongside some key clearances. AFP
    Nayef Aguerd, 8 – The West Ham star was disappointed to hobble off with an injury after showcasing great focus throughout to go alongside some key clearances. AFP
  • Romain Saiss, 8 – Captain supreme was a vocal leader from start to finish and barely missed a step outside of a needless yellow card. AFP
    Romain Saiss, 8 – Captain supreme was a vocal leader from start to finish and barely missed a step outside of a needless yellow card. AFP
  • Noussair Mazraoui, 7 – After losing a few early battles, Mazraoui went box to box with great challenges and a nice effort that tested the keeper in the first half. EPA
    Noussair Mazraoui, 7 – After losing a few early battles, Mazraoui went box to box with great challenges and a nice effort that tested the keeper in the first half. EPA
  • Azzedine Ounahi, 8 – Cleared everything up just in front of the defence and always looked like an important presence on the counter. AFP
    Azzedine Ounahi, 8 – Cleared everything up just in front of the defence and always looked like an important presence on the counter. AFP
  • Sofyan Amrabat, 9 – Looked strong whenever he was challenged, never stopped running and prevented several key through balls from reaching the box. EPA
    Sofyan Amrabat, 9 – Looked strong whenever he was challenged, never stopped running and prevented several key through balls from reaching the box. EPA
  • Selim Amallah, 8 – The midfielder provided some smart cover when Morocco needed it and had a few nicely-timed interceptions. AFP
    Selim Amallah, 8 – The midfielder provided some smart cover when Morocco needed it and had a few nicely-timed interceptions. AFP
  • Hakim Ziyech, 8 – Chelsea’s finest came up big with a strong performance at both ends of the pitch, capping it off with a successful penalty. Getty
    Hakim Ziyech, 8 – Chelsea’s finest came up big with a strong performance at both ends of the pitch, capping it off with a successful penalty. Getty
  • Youssef En-Nesyri, 7 – Outside of a few nice plays on the defensive side of things, the big centre forward barely had a meaningful touch. EPA
    Youssef En-Nesyri, 7 – Outside of a few nice plays on the defensive side of things, the big centre forward barely had a meaningful touch. EPA
  • Sofiane Boufal, 7 – While he was forced to drop quite deep to get into the action, Boufal showed solid footwork and did a good job of hunting down the ball. EPA
    Sofiane Boufal, 7 – While he was forced to drop quite deep to get into the action, Boufal showed solid footwork and did a good job of hunting down the ball. EPA
  • SUBS: Abde Ezzalzouli, 7 – Worked hard to make things happen down the flank despite not having many big opportunities. EPA
    SUBS: Abde Ezzalzouli, 7 – Worked hard to make things happen down the flank despite not having many big opportunities. EPA
  • Walid Cheddira, 5 – The substitute forward had three golden opportunities to put Spain away, but unfortunately, he didn’t take any of them. AP
    Walid Cheddira, 5 – The substitute forward had three golden opportunities to put Spain away, but unfortunately, he didn’t take any of them. AP
  • Abdelhamid Sabiri, 8 – After some amazing moments at the back, Sabiri buried his penalty to send Morocco on their way to victory. PA
    Abdelhamid Sabiri, 8 – After some amazing moments at the back, Sabiri buried his penalty to send Morocco on their way to victory. PA
  • Jawad El Yamiq, 7 – Did well to shield the ball every time he was called upon and saved Morocco from late heartbreak at the end of extra time. AP
    Jawad El Yamiq, 7 – Did well to shield the ball every time he was called upon and saved Morocco from late heartbreak at the end of extra time. AP
  • Yahya Attiyat Allah, 7 – The no-nonsense defender held off his man, kept his composure when needed and did his job perfectly. Getty
    Yahya Attiyat Allah, 7 – The no-nonsense defender held off his man, kept his composure when needed and did his job perfectly. Getty
  • Badr Benoun, N/A – Didn’t have much time to make an impact in what served as a brief cameo prior to the shootout, in which he missed a penalty. Getty
    Badr Benoun, N/A – Didn’t have much time to make an impact in what served as a brief cameo prior to the shootout, in which he missed a penalty. Getty
  • SPAIN RATINGS: Unai Simon, 7 - Couldn’t quite hold a 32nd minute powerful shot from Mazraoui but then grabbed hold of it. Saved a 104th minute shot from Cheddira. Saved Morocco’s third penalty. Getty
    SPAIN RATINGS: Unai Simon, 7 - Couldn’t quite hold a 32nd minute powerful shot from Mazraoui but then grabbed hold of it. Saved a 104th minute shot from Cheddira. Saved Morocco’s third penalty. Getty
  • Jordi Alba, 7 - Gave the ball away which led to Morocco’s best chance of the first half. Up against tactically disciplined opponents who limited his advances. EPA
    Jordi Alba, 7 - Gave the ball away which led to Morocco’s best chance of the first half. Up against tactically disciplined opponents who limited his advances. EPA
  • Aymeric Laporte, 8 - Defended well. Key header away in a spell of Moroccan pressure on 43. Booked on 76. Had a free header on 95 minutes and got a touch to stop a Moroccan chance on goal. AFP
    Aymeric Laporte, 8 - Defended well. Key header away in a spell of Moroccan pressure on 43. Booked on 76. Had a free header on 95 minutes and got a touch to stop a Moroccan chance on goal. AFP
  • Rodri, 8 - The Manchester City defender and his club teammate Laporte completed more passes than the entire Morocco team. Little got past them, but when they were beaten Morocco had three solid chances. AFP
    Rodri, 8 - The Manchester City defender and his club teammate Laporte completed more passes than the entire Morocco team. Little got past them, but when they were beaten Morocco had three solid chances. AFP
  • Marcos Llorente, 6 - Not usually a right back, it showed too often in front of the predominantly Moroccan contingent of the 44,667 present. AFP
    Marcos Llorente, 6 - Not usually a right back, it showed too often in front of the predominantly Moroccan contingent of the 44,667 present. AFP
  • Sergio Busquets, 6 - Spain had 81% of possession but while Busquets normally has one of the highest involvement rates, Morocco squeezed him and his 57 touches (after 90 minutes) compared badly to 168 for Rodri and 149 for Laporte immediately behind him. 120th minute shot blocked as he pushed forward. Had his penalty, Spain’s third, saved. AFP
    Sergio Busquets, 6 - Spain had 81% of possession but while Busquets normally has one of the highest involvement rates, Morocco squeezed him and his 57 touches (after 90 minutes) compared badly to 168 for Rodri and 149 for Laporte immediately behind him. 120th minute shot blocked as he pushed forward. Had his penalty, Spain’s third, saved. AFP
  • Pedri, 6 - Difficult to advance against the tenacious Amrabat as Spain went to extra time for the fifth successive time in a major tournament. EPA
    Pedri, 6 - Difficult to advance against the tenacious Amrabat as Spain went to extra time for the fifth successive time in a major tournament. EPA
  • Gavi, 6 - The youngest player to start a knock-out game at the World Cup since Pele, his 25th minute shot was pushed on to the bar – though it was offside. AFP
    Gavi, 6 - The youngest player to start a knock-out game at the World Cup since Pele, his 25th minute shot was pushed on to the bar – though it was offside. AFP
  • Dani Olmo, 5 - Played in an attack which only had one shot on target in the first half, the lowest ever for Spain in a World Cup match. He made it two on 54 with a strike on target from a tight angle. His 94th minute free-kick was goal-bound and well saved. Reuters
    Dani Olmo, 5 - Played in an attack which only had one shot on target in the first half, the lowest ever for Spain in a World Cup match. He made it two on 54 with a strike on target from a tight angle. His 94th minute free-kick was goal-bound and well saved. Reuters
  • Marco Asensio, 5 - Smashed a shot into the side netting after a brilliant run to beat the offside trap. And that was about it against a highly competent defence. AFP
    Marco Asensio, 5 - Smashed a shot into the side netting after a brilliant run to beat the offside trap. And that was about it against a highly competent defence. AFP
  • Ferran Torres, 5 - Nutmegged the excellent Mazraoui after 47 and won a free-kick when pulled back. No shots, let alone on target and no key balls as Spain were stifled by their neighbours. AP
    Ferran Torres, 5 - Nutmegged the excellent Mazraoui after 47 and won a free-kick when pulled back. No shots, let alone on target and no key balls as Spain were stifled by their neighbours. AP
  • SUBS: Carlos Soler, 6 - On for Gavi on 63. Whipped a 90th minute free-kick in. Took Spain’s second penalty - poor and saved. AFP
    SUBS: Carlos Soler, 6 - On for Gavi on 63. Whipped a 90th minute free-kick in. Took Spain’s second penalty - poor and saved. AFP
  • Alvaro Morata, 5 - On for Asensio after 63. Ran into the Morocco box on 69. Struck a shot across goal on 81. Poor header in 90th minute from a Soler cross. Couldn’t find a final pass in a 116th minute attack. AP
    Alvaro Morata, 5 - On for Asensio after 63. Ran into the Morocco box on 69. Struck a shot across goal on 81. Poor header in 90th minute from a Soler cross. Couldn’t find a final pass in a 116th minute attack. AP
  • Nico William, 5 - On for Torres after 75. Lively. Set up Morata with a shot. Then brought off himself. AP
    Nico William, 5 - On for Torres after 75. Lively. Set up Morata with a shot. Then brought off himself. AP
  • Alejandro Balde, 6 - On for Alba after 97. Shot blocked two minutes later. EPA
    Alejandro Balde, 6 - On for Alba after 97. Shot blocked two minutes later. EPA
  • Ansu Fati, 6 - On for Olmo on 97. Brought energy to Spain’s attack. AFP
    Ansu Fati, 6 - On for Olmo on 97. Brought energy to Spain’s attack. AFP
  • Pablo Sarabia, 6 - On for Williams after 118 and hit a very good ball in – then hit the post with his own shot after 123 minutes, the last play of the game. Missed Spain’s first penalty. Getty
    Pablo Sarabia, 6 - On for Williams after 118 and hit a very good ball in – then hit the post with his own shot after 123 minutes, the last play of the game. Missed Spain’s first penalty. Getty

On Tuesday, Regragui made his own slice of history, becoming the first African manager – he represented Morocco between 2001 and 2009 – to guide a team to the last eight of a World Cup.

“I don’t care because I fight to make it not about nationality, to make it not about passports," said Regragui, whose squad celebrated the win on the pitch by unfurling a Palestine flag. "You have the competence – you can do it, or not. For me it’s not about being Arabic or African.

“I am an ambitious coach and I try to give this to my players. Maybe when I am an old man, I will see behind me and be proud.”

On Morocco’s incredible support, both in Doha and around the world, Regragui said: "I think it is impossible to do this without these fans. A lot of fans come to Qatar to support the team and all countries, from America to Europe to Morocco. They love their country and I can tell them I need them for the quarter-final to make history.

"I am very proud of my fans, my people and Arabic people, because I think you have Qatari people, maybe Algerian people, Tunisian people, Arabic people and African people, you have a lot countries behind our backs to make history."

  • Moroccan supporters in Paris celebrate after their team advanced to the quarter-finals of the tournament. EPA
    Moroccan supporters in Paris celebrate after their team advanced to the quarter-finals of the tournament. EPA
  • A young man is thrown in the air by Moroccan supporters as part of celebrations in Milan, Italy. AP
    A young man is thrown in the air by Moroccan supporters as part of celebrations in Milan, Italy. AP
  • People celebrate at Msheireb Metro Station in Doha, Qatar, after Morocco beat Spain in a penalty shootout at the Fifa World Cup on Tuesday. Getty
    People celebrate at Msheireb Metro Station in Doha, Qatar, after Morocco beat Spain in a penalty shootout at the Fifa World Cup on Tuesday. Getty
  • Thousands gather in Rabat, Morocco, to celebrate. AP
    Thousands gather in Rabat, Morocco, to celebrate. AP
  • Moroccan fans in Marseille party after their team's penalty shoot-out win at the World Cup in Qatar. AP
    Moroccan fans in Marseille party after their team's penalty shoot-out win at the World Cup in Qatar. AP
  • Moroccan fans celebrate in La Ramblas, Spain. Reuters
    Moroccan fans celebrate in La Ramblas, Spain. Reuters
  • Moroccans party on the Champs Elysees avenue in Paris. EPA
    Moroccans party on the Champs Elysees avenue in Paris. EPA
  • Celebrations in Rabat, Morocco. AP
    Celebrations in Rabat, Morocco. AP
  • Moroccan celebrations in Barcelona. AP
    Moroccan celebrations in Barcelona. AP

Meanwhile, Spain manager Luis Enrique would not be drawn on his future with the national team in the aftermath of another World Cup last-16 exit on penalties.

Spain were knocked out of the 2018 tournament in similar fashion by hosts Russia, while they were also eliminated from last year’s Euro 2020 on spot-kicks – in the semi-final by eventual champions Italy.

Speaking on Tuesday night, Luis Enrique, who is now out of contract, said: “This is not the right time. It’s not relevant and it’s not important.

“My contract is going to end, but as you know I am very happy with the national team and the federation. I’ve always had great support from [sporting director Jose] Molina.

“I would always carry on, but of course we need to think about what is best for me and what is best for the national team.”

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

 

 

The Written World: How Literature Shaped History
Martin Puchner
Granta

UAE%20ILT20
%3Cp%3E%3Cstrong%3EMarquee%20players%3A%3C%2Fstrong%3E%0D%3Cbr%3EMoeen%20Ali%2C%20Andre%20Russell%2C%20Dawid%20Malan%2C%20Wanindu%20Hasiranga%2C%20Sunil%20Narine%2C%20Evin%20Lewis%2C%20Colin%20Munro%2C%20Fabien%20Allen%2C%20Sam%20Billings%2C%20Tom%20Curran%2C%20Alex%20Hales%2C%20Dushmantha%20Chameera%2C%20Shimron%20Hetmyer%2C%20Akeal%20Hosein%2C%20Chris%20Jordan%2C%20Tom%20Banton%2C%20Sandeep%20Lamichhane%2C%20Chris%20Lynn%2C%20Rovman%20Powell%2C%20Bhanuka%20Rajapaksa%2C%20Mujeeb%20Ul%20Rahman%0D%3Cbr%3E%3Cstrong%3EInternational%20players%3A%3C%2Fstrong%3E%0D%3Cbr%3ELahiru%20Kumara%2C%20Seekugge%20Prassanna%2C%20Charith%20Asalanka%2C%20Colin%20Ingram%2C%20Paul%20Stirling%2C%20Kennar%20Lewis%2C%20Ali%20Khan%2C%20Brandon%20Glover%2C%20Ravi%20Rampaul%2C%20Raymon%20Reifer%2C%20Isuru%20Udana%2C%20Blessing%20Muzarabani%2C%20Niroshan%20Dickwella%2C%20Hazaratullah%20Zazai%2C%20Frederick%20Klassen%2C%20Sikandar%20Raja%2C%20George%20Munsey%2C%20Dan%20Lawrence%2C%20Dominic%20Drakes%2C%20Jamie%20Overton%2C%20Liam%20Dawson%2C%20David%20Wiese%2C%20Qais%20Ahmed%2C%20Richard%20Gleeson%2C%20James%20Vince%2C%20Noor%20Ahmed%2C%20Rahmanullah%20Gurbaz%2C%20Navin%20Ul%20Haq%2C%20Sherfane%20Rutherford%2C%20Saqib%20Mahmood%2C%20Ben%20Duckett%2C%20Benny%20Howell%2C%20Ruben%20Trumpelman%0D%3Cbr%3E%3C%2Fp%3E%0A

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.”

Vikram%20Vedha
%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Gayatri%2C%20Pushkar%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Hrithik%20Roshan%2C%20Saif%20Ali%20Khan%2C%20Radhika%20Apte%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%C2%A0%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Bridgerton%20season%20three%20-%20part%20one
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EVarious%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nicola%20Coughlan%2C%20Luke%20Newton%2C%20Jonathan%20Bailey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

SPEC%20SHEET%3A%20APPLE%20IPAD%20(2022)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2010.9-inch%20Liquid%20Retina%20IPS%20LCD%2C%202%2C360%20x%201%2C640%2C%20264ppi%2C%20wide%20colour%2C%20True%20Tone%2C%20Apple%20Pencil%201%20support%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20A14%20Bionic%2C%206-core%20CPU%2C%204-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%2064GB%2F256GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iPadOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%2012-megapixel%20wide%2C%20f%2F1.8%2C%205x%20digital%2C%20Smart%20HDR%203%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full%20HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20ultra-wide%2C%20f%2F2.4%2C%202x%2C%20Smart%20HDR%203%2C%20Centre%20Stage%3B%20full%20HD%20%40%2025%2F30%2F60fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%20Stereo%20speakers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%2C%20smart%20connector%20(for%20folio%2Fkeyboard)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2010%20hours%20on%20Wi-Fi%3B%20up%20to%209%20hours%20on%20cellular%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinish%3A%3C%2Fstrong%3E%20Blue%2C%20pink%2C%20silver%2C%20yellow%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPad%2C%20USB-C-to-USB-C%20cable%2C%2020W%20power%20adapter%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Wi-Fi%20%E2%80%94%20Dh1%2C849%20(64GB)%20%2F%20Dh2%2C449%20(256GB)%3B%20cellular%20%E2%80%94%20Dh2%2C449%20(64GB)%20%2F%20Dh3%2C049%20(256GB)%3C%2Fp%3E%0A
LOVE%20AGAIN
%3Cp%3EDirector%3A%20Jim%20Strouse%3C%2Fp%3E%0A%3Cp%3EStars%3A%20Priyanka%20Chopra%20Jonas%2C%20Sam%20Heughan%2C%20Celine%20Dion%3C%2Fp%3E%0A%3Cp%3ERating%3A%202%2F5%3C%2Fp%3E%0A
Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

Updated: December 08, 2022, 4:35 AM