Dejected Al Ahli players trudge off the pitch at the Mohammed bin Zayed Stadium after their defeat to Auckland City.
Dejected Al Ahli players trudge off the pitch at the Mohammed bin Zayed Stadium after their defeat to Auckland City.

Al Rumaithi berates Al Ahli



ABU DHABI // Al Ahli, the inaugural UAE Pro League champions, yesterday received a stinging rebuke from the leader of the nation's Football Association for not taking the Club World Cup seriously enough. Mohammed Khalfan al Rumaithi blamed the Dubai team for failing to push on from last season's domestic title win and being badly prepared to go under the international spotlight alongside visiting teams from around the world.

Rumaithi was commenting on poor attendances in the early stages of the Fifa showpiece tournament in Abu Dhabi. He thinks that gates would have been significantly higher had Ahli remained involved longer than the opening match in which they were comprehensively defeated by the New Zealand amateurs of Auckland City. "We dreamt of a better participation by Al Ahli here," said al Rumaithi. "They did not plan properly for this competition. I urge whoever wins this year's league to prepare themselves well.

"The longer the host team stay in, the better for the tournament. This is no joke. This is a hugely prestigious event. Let us all take a lesson from this first year and not repeat the mistakes we have made when we organise it again next year." Rumaithi took an apologetic stance alongside Fifa's hierarchy at a press conference to discuss the success or otherwise the first of Abu Dhabi's two Club World Cups.

"We know that a good job has been done, but for us in the UAE we always seek excellence. And to do that the first task is to increase the number of spectators." Those negative comments were dismissed by Sepp Blatter, Fifa's president, and Chuck Blazer, who chaired the organising committee on behalf of Fifa Blatter said: "You are being a bit too humble when you say you need to do better next time. That is not possible because the organisational skills, the hospitality, the stadia, transport and other arrangements have been at the top level.

"I can only congratulate the government of Abu Dhabi and the Football Association here. The lack of spectators in the early rounds was mainly due to the early elimination of the UAE team." Blazer took the view that competition has been a learning curve for the local community. "The public will be responding to the fact that this is an event that they should not have missed. I don't think that we will be facing these issues next year. The fans will want to sample the great experience that this has been."

The aggregate attendance for the eight-match tournament reached the 100,000 mark after Barcelona's semi-final against Atlante on Wednesday night and there is a probability of the figure going past 140,000 if the expected full house for the final materialises tomorrow night. The Club World Cup was secured for the UAE by Abu Dhabi Sports Council at a Fifa Congress meeting in Sydney, Australia in May of last year. Leading the delegation that day was Mohammed al Mahmood, the organisation's secretary general.

He was disappointed to see the capital city's two sparkling stadia sparsely populated in the first week of the tournament and promised that "the picture will be totally different next year". Mahmood ruled out offering free entry to the preliminary matches, however. "We are not allowed to do that. The tickets must be paid for and collected in order to gain admission, but we will certainly consider reducing the ticket prices for the less attractive matches," he said. "But if we get strong representation from the UAE we shouldn't have a problem. I think this is a great lesson for all of our local teams. If you win the league it does not end with the final whistle of the league season. It ends with the final whistle of the Club World Cup and they should remain focused until their commitments in this tournament are over."

wjohnson@thenational.ae

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How to vote

Canadians living in the UAE can register to vote online and be added to the International Register of Electors.

They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi

Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday) 

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hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

WHAT IS THE LICENSING PROCESS FOR VARA?

Vara will cater to three categories of companies in Dubai (except the DIFC):

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How will Gen Alpha invest?

Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.

“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.

Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.

He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.

Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”

FIVE TRENDS THAT WILL SHAPE UAE BANKING

• The digitisation of financial services will continue

• Managing and using data effectively will become a competitive advantage

• Digitisation will require continued adjustment of operating models

• Banks will expand their role in the customer life through ecosystems

• The structure of the sector will change


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