The story of the match
Two teams harbouring outside aspirations of a sustained title challenge provided little evidence of their prospects last night, as Al Nasr and Al Wahda played out an abject goalless draw at Al Maktoum Stadium.
The hosts, top of the table before this week’s round of matches, remain unbeaten. But they will feel this was two points dropped, rather than one gained.
Admittedly, Wahda represent one of the division’s better clubs, yet they were reduced to 10 men 11 minutes before half time.
Mohammed Al Menhali was the culprit, receiving a second booking for a second infringement on Jires Kembo Ekoko. A man to the good, Nasr could not make the numerical advantage count.
That had as much to do with their ineffective attack as it did Wahda’s decision to withdraw. Nilmar, the summer signing from Brazil’s Internacional, again had an off night, stretching his barren spell in the league to five matches.
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He is yet to break his duck in this competition, and he did not offer much hope of ending that streak anytime soon. The Brazilian’s only opportunity arrived in the 73rd minute, but he failed to connect with his header.
Nilmar was not the only one to struggle, though. As if to be expected, Wahda place much of their creative responsibility on Jorge Valdivia, but the Chilean spent most of the match getting kicked, or actively seeking to be.
Subsequently, he did little to spark Wahda’s attack. Luis Jimenez could have nicked it for Nasr right at the end, but both sides eventually cancelled each other out, an early indicator that talk of a title challenge for either could be premature.
Man of the match - Denilson (Al Wahda)
The former Arsenal midfielder has slowly begun to find his feet following his summer transfer from Brazil’s Santos, and he was again quietly impressive here.
Always tidy and tenacious in the centre of the pitch, the Brazilian did well to break up play and offered a sturdy protection to his back line.
What they said
Ivan Jovanovic, the Nasr coach: "The result is not good for us. Playing at home, you have to win the game. We had the advantage of an extra player, but we could not make the most of it. My team did not create many chances – when you cannot create chances, it is very difficult to score a goal."
Javier Aguirre, the Wahda manager: "Al Nasr were the leaders coming into this weekend, so it was a very important game. It is not easy as a new coach, so we will see in the future.
“It has been a really hard beginning, but in the last two games I’ve had good feelings. Like the Tour de France, we are in the middle of the climb.”
The National’s verdict
The match marked the beginning of a run that pits Nasr against five of the country’s most talented teams in their next seven fixtures, but they will need to display a sharper cutting edge if they are to mount a genuine run at the title.
Wahda did well considering they played two thirds of the game with one less man.
They are still clearly trying to adapt to Aguirre’s philosophy.
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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.”
Results
2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)
2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash
3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly
3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson
4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer
4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson
5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
The biog
Favourite book: Animal Farm by George Orwell
Favourite music: Classical
Hobbies: Reading and writing
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5