• Hakim Ziyech and Achraf Hakimi of Morocco celebrate after their penalty shoot-out victory in the World Cup last-16 match against Spain at Education City Stadium on December 6, 2022. Getty
    Hakim Ziyech and Achraf Hakimi of Morocco celebrate after their penalty shoot-out victory in the World Cup last-16 match against Spain at Education City Stadium on December 6, 2022. Getty
  • Morocco's players celebrate after their 3-0 penalty shoot-out victory. Getty
    Morocco's players celebrate after their 3-0 penalty shoot-out victory. 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
  • 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

'He is so proud!' Atlas Lions coach takes congratulation call from King of Morocco


John McAuley
  • English
  • Arabic

Achraf Hakimi answered the call on the pitch as, to a man, his team had done before. Off it, Walid Regragui did likewise. Literally.

“It’s extraordinary for a Moroccan to receive that call,” said the manager, moments after taking congratulations by phone from the King of Morocco, Mohammed VI.

“Extraordinary” pretty much summed up what had transpired at Education City Stadium and Morocco’s World Cup thus far. The North Africans had overcome Spain on penalties, a display of strength both in body and mind, to become the first Arab team to reach the quarter-finals of football’s showpiece tournament.

No wonder Regragui was soon chatting with the Moroccan monarch.

“He always encourages us, and he gives us advice and calls on us to give our all,” Regragui said. “His message is always the same: he is proud of the players, and he is proud of us.

“And as a result we want to go even further and do even better the next time.”

Doing even better would require some effort. But these Moroccans deal in endeavour, in a fortitude and a fearlessness that has carried them further in Doha than most anticipated.

On Tuesday night, noise pulsating around Education City, goalkeeper Yassine Bounou, better known as "Bono", was inspired. Hakimi impudent. Bono saved two of Spain’s spot-kicks; Hakimi dinked the settler audaciously.

But before them, throughout the previous 120 minutes and the tournament’s two-and-a-half weeks, Morocco have been immense. Against Spain, Sofyan Amrabat and Azzedine Ounahi were tireless and tenacious in the middle, in the middle of everywhere, really; Romain Saiss a rock in central defence alongside the equally resolute Nayef Aguerd; Hakimi and Noussair Mazraoui each outstanding at full-back. Or the full length of their respective flanks.

Spain, for all their 77 per cent possession and 1,000-plus passes, had a solitary shot on goal. Morocco had plugged the gaps, pushed back the advancing Spaniards and rendered them redundant. They even had the clearer opportunities to seal it before the lottery of a shoot-out.

Post-match, Luis Enrique, the beaten Spain manager, singled out Ounahi – “the No 8” – because he knew already all about Amrabat.

“He didn’t stop running,” Enrique said. “He must be feeling destroyed.”

You could not fault Ounahi if he was. The entire team, to be fair. For Morocco’s might does take root in their pride in their shirt, their collective commitment to their cause. In their flag, their country, their people.

“For a national team like ours, the adrenalin and the pressure is so intense,” Regragui said afterwards. “You want to go down in history, but that takes up a lot of energy.

“When you have a heart, energy and love,” he added, “you win matches.”

That should not mask Morocco’s considerable talent, though. They are not among the final eight sides at a World Cup purely on conviction alone. They are tactically disciplined, organised to an extent that belies Regragui’s few months in the job – they have conceded once all tournament: Aguerd's own goal in the win against Canada – and have the technical quality to trouble the best teams in Qatar.

Hakimi is a star among a sea of them at Paris Saint-Germain; Mazraoui plies his trade with Bayern Munich. Hakim Ziyech, another example of Regragui’s man-management that is married to obvious tactical acumen, for Chelsea of the Premier League. Amrabat in Serie A, with Fiorentina. Bono and striker Youssef En-Nesyri, another success story of this World Cup, with Spain’s Sevilla.

Morocco v Spain player 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

In beating the Spanish, Morocco proved the group-stage draw with 2018 runners-up Croatia, and the victory against world No 2 Belgium, were no flukes. This was no minnow having their day while their opponents were off. Add the 2010 world champions to the list. A penny for Portugal’s thoughts?

These are unprecedented times, for Morocco and for the Arab footballing world who in the immediate aftermath of Tuesday united behind this most united of sides. In the press conference following Spain, a journalist took the microphone, but announced he did not have a question.

Speaking directly to Regragui and Bono, the reporter said: “I just want to thank you because today 40 million people are happy. I’m speaking with tears in my eyes because you have made Moroccan history.”

Arab history, as well. Before winger Sofiane Boufal stepped out of the stadium to a cacophony of cheers and chants, to the incessant sound of car horns blaring all around Doha long into the night, he shared the victory with those who had evidently embraced it as if one of their own.

“Thanks to all the Moroccans all over the world for their support, to all Arab people, to all Muslim people,” Boufal said. “This win belongs to you.”

And it genuinely felt it. A World Cup dominated on the pitch by Mbappe and Messi – and now by Morocco, too.

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

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Score

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

New Zealand lead three-match ODI series 1-0

Next match: Zayed Cricket Stadium, Abu Dhabi, Friday

Who is Allegra Stratton?

 

  • Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
  • Took up a public relations role for Chancellor Rishi Sunak in April 2020
  • In October 2020 she was hired to lead No 10’s planned daily televised press briefings
  • The idea was later scrapped and she was appointed spokeswoman for Cop26
  • Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
  • She has strong connections to the Conservative establishment
  • Mr Sunak served as best man at her 2011 wedding to Mr Forsyth
A cryptocurrency primer for beginners

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There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

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FULL%20RESULTS
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Barbie
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE currency: the story behind the money in your pockets

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.”

UAE Falcons

Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.

 
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

While you're here

Michael Young: Where is Lebanon headed?

Kareem Shaheen: I owe everything to Beirut

Raghida Dergham: We have to bounce back

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.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
No more lice

Defining head lice

Pediculus humanus capitis are tiny wingless insects that feed on blood from the human scalp. The adult head louse is up to 3mm long, has six legs, and is tan to greyish-white in colour. The female lives up to four weeks and, once mature, can lay up to 10 eggs per day. These tiny nits firmly attach to the base of the hair shaft, get incubated by body heat and hatch in eight days or so.

Identifying lice

Lice can be identified by itching or a tickling sensation of something moving within the hair. One can confirm that a person has lice by looking closely through the hair and scalp for nits, nymphs or lice. Head lice are most frequently located behind the ears and near the neckline.

Treating lice at home

Head lice must be treated as soon as they are spotted. Start by checking everyone in the family for them, then follow these steps. Remove and wash all clothing and bedding with hot water. Apply medicine according to the label instructions. If some live lice are still found eight to 12 hours after treatment, but are moving more slowly than before, do not re-treat. Comb dead and remaining live lice out of the hair using a fine-toothed comb.
After the initial treatment, check for, comb and remove nits and lice from hair every two to three days. Soak combs and brushes in hot water for 10 minutes.Vacuum the floor and furniture, particularly where the infested person sat or lay.

Courtesy Dr Vishal Rajmal Mehta, specialist paediatrics, RAK Hospital

BEETLEJUICE BEETLEJUICE

Starring: Winona Ryder, Michael Keaton, Jenny Ortega

Director: Tim Burton

Rating: 3/5

The biog

Family: He is the youngest of five brothers, of whom two are dentists. 

Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.

Where he works: Liberty Dental Clinic 

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

COMPANY%20PROFILE
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How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

Hurricanes 31-31 Lions

Wellington Hurricanes: 
Tries: Gibbins, Laumape, Goosen, Fifita tries, Barrett
Conversions: Barrett (4)
Penalties: Barrett

British & Irish Lions:
Tries: Seymour (2), North
Conversions: Biggar (2)
Penalties: Biggar (4)

Updated: December 07, 2022, 4:38 PM