White-ball cricket has two formats at the international stage, but for most teams, one easily merges into the other. Ideally, all three formats of the game deserve separate squads since the skill requirements for each are different, with only a handful of players truly capable of jumping from one to the other.
In reality, most teams have a limited pool of top-tier players and they play all important games, provided they are fit. So when Pakistan omitted Mohammad Rizwan and Babar Azam from the T20 squad for the recently concluded series in New Zealand, it was a significant move.
These two are the best batsmen produced by Pakistan over the past decade and a permanent fixture in all international assignments, even against teams ranked below them. But after successive failures by the Asian giants at major events, including early exits from the 2023 ODI World Cup, 2024 T20 World Cup and the recent Champions Trophy, something had to give.
Babar and captain Rizwan were excluded from the T20 clash in New Zealand, but retained for the upcoming ODIs against the same side. Left-arm fast bowler Shaheen Afridi and right-arm quick Haris Rauf, the other star names under fire for dwindling returns, were part of the T20 squad but dropped for the ODIs.
A message had been sent that the management is willing to give young talent a chance if seniors continue to under perform.
However, a 4-1 T20 series defeat laid bare the unfortunate reality of Pakistan cricket - there are not that many young players ready to push senior players out of their spots. Given time, many of them might begin to deliver at the highest level but at the moment, Pakistan seems to be stuck between a rock and a hard place.
That brings the focus back on Babar and Rizwan. The two have lost some portion of the fan base, mainly because they became the face of Pakistan's successive failures. When you are one of the few star names in the team, everything comes back to you.
The three-match ODI series that begins on Saturday comes at a crucial juncture for Babar and Rizwan. Firstly, they need to raise their performance significantly to show their supporters and management that any deficiencies that might have crept into their batting have been addressed - mainly strike rate.
What a good series here will also do is show that the two are still, by some distance, Pakistan's most reliable white-ball cricketers. Even if they might still not be world beaters.
It would then be up to the team management to decide whether to move on to the next generation of players regardless of current form and impending assignments, or back the two stars to up their game and help the team become a serious threat on the international stage again.
The next major assignments are the Asia Cup later in the year and the T20 World Cup in 2026 in India and Sri Lanka. Given the young team's emphatic T20 series defeat down under, there is every chance that the two batting stars could find a way back in the mix once the major tournaments roll around.
But that is no longer a foregone conclusion, and Pakistan have started to adjust to life without their stars. All Babar and Rizwan can do is show there is enough cricket left in them, across formats, and that at least one of them can be a part of all teams.
If they need any inspiration, they only need to look at Shreyas Iyer who was pushed out of the Indian team's core group despite a stupendous 2023 ODI World Cup. He even lost his central contract following a breakdown in communication with the cricket board, at a point when he was being seen as a potential captain.
Iyer went back to domestic cricket, doubled down on his game, worked on his weakness against the short ball and returned as India's best white-ball batsman, helping win the Champions Trophy. His golden form has seeped into the captaincy of his new IPL team Punjab as well, where he missed a century by three runs in his first game in charge.
So it can be done. Granted, Pakistan could still decide to look beyond the established names, even if the results get out of hand. But at least Babar and Rizwan would have tried their best.
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 tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
Kandahar%20
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Company%20profile
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The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Mohammed bin Zayed Majlis
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5