Stephen Curry and the Golden State Warriors enter the NBA play-offs after having recorded the league's best record in the regular season. John G Mabanglo / EPA
Stephen Curry and the Golden State Warriors enter the NBA play-offs after having recorded the league's best record in the regular season. John G Mabanglo / EPA
Stephen Curry and the Golden State Warriors enter the NBA play-offs after having recorded the league's best record in the regular season. John G Mabanglo / EPA
Stephen Curry and the Golden State Warriors enter the NBA play-offs after having recorded the league's best record in the regular season. John G Mabanglo / EPA

After 82-game grind, play-offs ‘a new beginning’ for NBA clubs


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Let the championship chase begin.

New Orleans and Brooklyn are in. Indiana and Oklahoma City are out. And while San Antonio slipped to sixth in the loaded Western Conference, the defending champions are looking awfully dangerous again.

Forget the 82-game grind of the past six months. There are no more back-to-back sets, no more uneven schedules, no more excuses.

The play-off brackets are set. Everybody’s on equal ground. It’s time to crown a champion.

“It’s like a new beginning,” Golden State Warriors coach Steve Kerr said. “It feels like the first game of the season. You’re excited. There’s a renewed energy and a sense of urgency.”

It took the final night of the regular season – with more than half the games on the closing docket loaded with intrigue – to clear up the cluttered play-off picture.

Stephen Curry and the top-seeded Warriors will face Anthony Davis and the Pelicans in a best-of-seven series starting Saturday after New Orleans snapped San Antonio’s 11-game winning streak Wednesday night. That ran Russell Westbrook – who sealed the NBA scoring title – and the depleted Thunder out of the post-season and into the draft lottery.

“A month-and-a-half ago, nobody thought we would be in this position,” Pelicans coach Monty Williams said. “So many people counted us out ... We got here.”

In the East, the Nets nudged their way in by outlasting Orlando and getting a boost with Memphis’ win over a Pacers team that watched Paul George get helped off the floor again, this time with just a sore left calf, the team said.

Atlanta, the top seed in the East, open against Brooklyn. LeBron James and the Cavaliers begin with Boston. Chicago meet Milwaukee, and Toronto take on Washington.

In the wild, wacky West, a logjam between second and sixth is finally sorted out.

– No 3 Los Angeles Clippers will face the Spurs.

– No 2 Houston hook up with seventh-seeded Dallas

– No 5 Memphis meet No 4 Portland, who won the Northwest Division to finish with a higher seed but will start on the road because of the Grizzlies’ better record.

At this point, seeds are just a number anyway.

“If you get in, it’s a whole new season,” Nets forward Joe Johnson said. “Everybody is 0-0 and then you wipe your hands clean and then you give it another go.”

Indeed, the Warriors (67-15) whipped the competition in the regular season, setting a franchise record for wins. Kerr could be NBA Coach of the Year and Curry might be MVP, but only the team that wins 16 more games gets to lift the Larry O’Brien Trophy as confetti falls from the rafters.

“This is what we’ve been waiting for,” said Curry, whose Warriors clinched home-court advantage throughout the play-offs a couple weeks ago. “Everything we’ve gone through to this point will hopefully prepare us for this journey.”

A few familiar faces won’t be part of these play-offs.

Kobe Bryant, Kevin Durant, Dwyane Wade and Carmelo Anthony are among those who will be watching after getting injured or coming up short with their teams – or both.

The Knicks missed out on the best chance to land the No 1 pick in the draft lottery; the Timberwolves (16-66) won that honour with the league’s worst record.

The Lakers (21-61), who started in Minnesota in 1948, lost more games than any team in their storied history. And after four straight trips – and two titles – to the NBA Finals with James leading the way, the undermanned Miami Heat are home already.

James found his way home to Northeast Ohio last summer.

The four-time MVP will try again to end the longest title drought for any North American city with three professional sports franchises. Cleveland hasn’t won a championship since the Browns beat the Baltimore Colts for the 1964 NFL title, but there’s renewed hope that James, Kyrie Irving and Kevin Love can do what previous Cavs teams couldn’t.

“We’ve been playing the right way – win, lose or draw – we’ve played the right way,” James said. “We’ve stuck to our system and I think it’s built some great habits for us.”

Now it’s time to put them to use.

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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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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.

When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.

How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

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Price: From Dh590,000

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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

The specs
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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."

UAE currency: the story behind the money in your pockets
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Match info:

Real Betis v Sevilla, 10.45pm (UAE)

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

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The specs: 2019 Jeep Wrangler

Price, base: Dh132,000

Engine: 3.6-litre V6

Gearbox: Eight-speed automatic

Power: 285hp @ 6,400rpm

Torque: 347Nm @ 4,100rpm

Fuel economy, combined: 9.6L to 10.3L / 100km

UAE SQUAD

Mohammed Naveed (captain), Mohamed Usman (vice captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

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