• Sakiusa Naisau, left, makes a break for Dubai Tigers in their win over Doha in the West Asia Premiership at the Tigers Park on Friday. All images Antonie Robertson / The National
    Sakiusa Naisau, left, makes a break for Dubai Tigers in their win over Doha in the West Asia Premiership at the Tigers Park on Friday. All images Antonie Robertson / The National
  • Deanne Makoni of Dubai Tigers runs through for his try against Doha
    Deanne Makoni of Dubai Tigers runs through for his try against Doha
  • Dubai Tigers defeated Doha 48-19 in their West Asia Premiership match
    Dubai Tigers defeated Doha 48-19 in their West Asia Premiership match
  • Marcus Guerin scores for Dubai Tigers against Doha in the West Asia Premiership
    Marcus Guerin scores for Dubai Tigers against Doha in the West Asia Premiership
  • Dubai Tigers defeated Doha to remain course for a trophy treble
    Dubai Tigers defeated Doha to remain course for a trophy treble
  • Charlie Taylor was among the scorers for Dubai Tigers in their win over Doha in the West Asia Premiership
    Charlie Taylor was among the scorers for Dubai Tigers in their win over Doha in the West Asia Premiership
  • Dubai Tigers claimed a bonus-point win at Tigers Park in Al Sufouh
    Dubai Tigers claimed a bonus-point win at Tigers Park in Al Sufouh
  • Dubai Tigers consolidated their position in second place in the West Asia Premiership
    Dubai Tigers consolidated their position in second place in the West Asia Premiership

Dubai Tigers impress in West Asia Premiership


Paul Radley
  • English
  • Arabic

Dubai Tigers continued their push for a treble of titles as they dispatched Doha in the West Asia Premiership on Friday night.

The club, who are celebrating their 10th anniversary this season, won the Dubai Sevens back in December. They are well-positioned in the region’s 15-a-side competitions, too.

They claimed a bonus-point win at Tigers Park in Al Sufouh in beating Doha 48-19 to consolidate their position in second place in the cross-border competition.

Niko Volavola crossed twice in the eight tries to three win over the tourists from Qatar. Moli Schaumkel, Marcus Guerin, Charlie Taylor, Deanne Makoni, Epeli Davetawalu and Ashwin October all scored one apiece.

The Tigers will meet league-leaders Bahrain in the West Asia final. Elsewhere in Dubai on Friday night, Dubai Exiles maintained their pursuit of home semi-final in the UAE Premiership as they beat Jebel Ali Dragons 19-17 at The Sevens.

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.”

MATCH DETAILS

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The years Ramadan fell in May

1987

1954

1921

1888

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The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022 

Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Updated: March 16, 2024, 6:14 AM