Travelling thousands of miles to play in an international sevens tournament, then having the jersey presentation in your own back garden must feel like a surreal experience.
When Louka Blommaert and Femke Soens were growing up in the UAE, they used to mix with the players of the Belgium women’s side ahead of the annual Emirates Dubai Sevens.
Both are from Belgian expat families living in Dubai, and they would be rapt by seeing their compatriots in action in the tournament. All the more so given the players would come round to Blommaert’s family home ahead of it.
Each harboured hopes they might one day wear the same colours in the same event. On Friday afternoon, their goal was accomplished as they turned out for Belgium in the Women’s International Invitational, on pitches where they first learnt the game.
“I love the tournament,” said Soens, who was a Pitch 1 winner in the past in the Gulf Under-19 tournament with her school, Dubai College.
“Dubai Sevens definitely has a place in my heart. We are taking it all in, playing around people I love and wearing the colours of the country that I’m from.
“It is so nice to see so many old friends, it was a little overwhelming but in a positive way.
“I have missed one year, and a lot has changed in that one year. It is fantastic to be back here playing in Belgium colours. To be back here playing at the Dubai Sevens, which I have always been looking up to, is crazy.
“We would’ve wished for it to be on the world series and that is still a goal on the calendar, and hopefully we can do that next year in Dubai.”
Each of the former Dubai schoolgirls aspire to play on Pitch 1 again in the future. That would mean either reaching the Invitational tournament final, for a one-off game on the main field.
Or, by playing in the Women’s World Series. Belgium came closer than ever to doing that last season, via the Challenger Series, which involved a tournament played in Dubai. They hope to qualify for the World Series via the feeder competition this season.
“We have grown so much in recent years,” Soens said. “Me and Louka grew up watching them here playing in the Invitational. [Belgium’s sevens rugby] has grown so much, and we have the Challenger Series coming up, with all those opportunities.
“This year we have a largely new team, and we are going different places with new players, and it is getting somewhere, which is really good.”
Blommaert now lives in Brussels, where Belgium’s sevens side trains, but she was back on familiar territory this week. On the eve of the tournament, the shirts were handed out to the players at her family home in Al Safa.
“It was special,” Blommaert said. “All the years before they would come to our house, but we would be looking at them as fans. It feels like it has come full circle.
“Sevens was where it all started for me. Having watched my mum play, then the Belgium team play, this feels really special.”
The rookie players of Belgium are working out how best to manage their time at major tournaments. For Soens and Blommaert, this represents a challenge, given how many distractions there are for them coming back home to where they know so many people.
Blommaert in particular has her work cut out staying focused on the job at hand. Her mother is playing for Dubai Hurricanes in the Gulf Women’s tournament, her twin brothers are playing for DESC in the Gulf Under-19 Boys, and her younger sister is also involved.
And the Dubai duo have an example to set now, too. The Belgium squad for this tournament contains nine new players, meaning Blommaert and Soens are senior players, despite only making their debuts last season.
“We are two of the more experienced players this year,” Blommaert said. “We both have a leadership role this year, which is surreal seeing as last season we were getting our first caps.”
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.”
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Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
Pakistan World Cup squad
Sarfraz Ahmed (c), Fakhar Zaman, Imam-ul-Haq, Abid Ali, Babar Azam, Haris Sohail, Shoaib Malik, Mohammad Hafeez(subject to fitness), Imad Wasim, Shadab Khan, Hasan Ali, Faheem Ashraf, Junaid Khan, Shaheen Shah Afridi, Mohammad Hasnain
Two additions for England ODIs: Mohammad Amir and Asif Ali
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
Countries offering golden visas
UK
Innovator Founder Visa is aimed at those who can demonstrate relevant experience in business and sufficient investment funds to set up and scale up a new business in the UK. It offers permanent residence after three years.
Germany
Investing or establishing a business in Germany offers you a residence permit, which eventually leads to citizenship. The investment must meet an economic need and you have to have lived in Germany for five years to become a citizen.
Italy
The scheme is designed for foreign investors committed to making a significant contribution to the economy. Requires a minimum investment of €250,000 which can rise to €2 million.
Switzerland
Residence Programme offers residence to applicants and their families through economic contributions. The applicant must agree to pay an annual lump sum in tax.
Canada
Start-Up Visa Programme allows foreign entrepreneurs the opportunity to create a business in Canada and apply for permanent residence.
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
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