General view of the Lusail Stadium in Doha, Qatar, earlier this month. Getty Images
General view of the Lusail Stadium in Doha, Qatar, earlier this month. Getty Images
General view of the Lusail Stadium in Doha, Qatar, earlier this month. Getty Images
General view of the Lusail Stadium in Doha, Qatar, earlier this month. Getty Images


The history of the Qatar World Cup is about to be written


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August 29, 2022

As the new club football season gets under way in earnest across Europe, the public is forgetting the lack of blockbuster sporting competitions earlier this summer. Only now is it beginning to register that the run-in to the Christmas festivities this year will be accompanied by football World Cup action in Qatar.

This is not least because in club competitions such as the English Premier League, the season has effectively been broken in two parts. The regular leagues have started early and will break up in a few months. Several players will leave their club teams to join their respective national squads. Others will be put on extended training camp regimes. Some managers will be packing up to travel to the region as commentators and hangers-on.

The timing of the World Cup games themselves, such as England’s opener against Iran, are now being logged, as groups of friends or families are making arrangements to make social bookings around the clashes.

For the game’s administrators at Fifa and the host Qatar, this is a time of opportunity. All the negative headlines – and there have been oh so many – are put into relief when it comes to the football. The public is concentrating on the games and progression between the group stage and the knockout rounds.

For Qatar, the tournament is no doubt serving a number of purposes.

The Arabian Gulf state is staging one of the most-watched sporting competitions at a time when the leading liquified natural gas exporter is in the spotlight while Europeans are facing a doubling or tripling of their energy bills. The host has a chance to roll out innovative solutions for elite-level sport in elevated temperatures with a purpose-built stadium set, including features such as underseat air-conditioners.

Earlier this month, a German think tank released a report detailing how the staging of the World Cup has been accompanied by a big budget effort to increase Qatari influence through foreign development spending. The Qatar Fund for Development, which is in charge of this spending, has raised its outlays to more than $500 million annually, and has directed large slices of this to target countries, led by Tunisia and Somalia.

  • Fans cheer during a ceremony in Doha, Qatar, on August 13 to mark 100 days to go until the start of the Qatar 2022 FIFA World Cup. All photos by EPA
    Fans cheer during a ceremony in Doha, Qatar, on August 13 to mark 100 days to go until the start of the Qatar 2022 FIFA World Cup. All photos by EPA
  • Football fans are starting the countdown to the first World Cup in the Middle East.
    Football fans are starting the countdown to the first World Cup in the Middle East.
  • Excited fans take selfies in front of the Qatar 2022 FIFA World Cup countdown clock.
    Excited fans take selfies in front of the Qatar 2022 FIFA World Cup countdown clock.
  • Fans arrive at the ceremony to begin the 100-day countdown.
    Fans arrive at the ceremony to begin the 100-day countdown.
  • Qatari football fans jump for joy.
    Qatari football fans jump for joy.
  • Fans take pictures at the countdown clock.
    Fans take pictures at the countdown clock.

Reputational risk and reward underpins everything about the upcoming World Cup, not just for the players and coaches who will be boarding flights to Doha. There is a phalanx of campaigners and researchers who have looked at every aspect of how the stadium construction was carried out and what the burden has been for those who worked on the project.

Perhaps more interesting is the wider tier of work that has gone on around the Qatar project, and just how dedicated the political element of the outlay has been over a long period. The noise generated by the football fans and media coverage of the various teams' progress will surely be the centre of attention when the tournament begins on November 20.

Now is the time for the investigations and the analysis to set out what has been going on – and what they are finding is that the patterns familiar to those who have dug deeply have not changed much if at all. Pressure for moderation has not gained much traction either.

The history of the 2022 World Cup is not yet written. But it is clear that for the hosts, there is much more to it than a simple set of football games.

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Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

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TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

House-hunting

Top 10 locations for inquiries from US house hunters, according to Rightmove

  1. Edinburgh, Scotland 
  2. Westminster, London 
  3. Camden, London 
  4. Glasgow, Scotland 
  5. Islington, London 
  6. Kensington and Chelsea, London 
  7. Highlands, Scotland 
  8. Argyll and Bute, Scotland 
  9. Fife, Scotland 
  10. Tower Hamlets, London 

 

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

What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Russia's Muslim Heartlands

Dominic Rubin, Oxford

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.”

Pakistan Super League

Previous winners

2016 Islamabad United

2017 Peshawar Zalmi

2018 Islamabad United

2019 Quetta Gladiators

 

Most runs Kamran Akmal – 1,286

Most wickets Wahab Riaz –65

BLACKBERRY
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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  

Updated: September 28, 2022, 8:55 AM