Albert Pujols has not made a great start to life with the Los Angeles Angels.
Albert Pujols has not made a great start to life with the Los Angeles Angels.
Albert Pujols has not made a great start to life with the Los Angeles Angels.
Albert Pujols has not made a great start to life with the Los Angeles Angels.

Albert Pujols yet to find his form for the Angels in the MLB


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Talk about pressure. Albert Pujols only thought signing a 10-year, US$246 million (Dh902.8m) contract with the Los Angeles Angels, the third richest in MLB history, would heap more expectation on his shoulders. Then he picked the worst time in his career to go dry at the plate.

Entering the weekend, Pujols had not hit a home run in his first 26 games with his new team, while batting .202 (21-for-104). The Angels were in last place in the American League West at 10-17, seven-and-a-half games behind the Texas Rangers already.

His slump has developed into such big news that his at-bats total without a home run can be seen scrolling along the bottom of television screens on the ESPN ticker. The number of at-bats hit triple digits when Pujols went one-for-five on Wednesday night against the Minnesota Twins.

That was the rare night in which Pujols got a respite from all the negative attention because his teammate Jered Weaver threw a no-hitter, the 10th by an Angels pitcher.

But Pujols knows the spotlight will stay on him until he finds a way to generate form at the plate.

"I can't wait until I hit a home run so you guys will stop talking about it," Pujols told the Orange County Register recently. "I don't know when it's going to happen - maybe tomorrow, maybe next week, maybe next month. I know I have power. I know I can hit the ball corner to corner ... I don't get caught up in that. I know I have 445 home runs in my career for a reason."

Pujols, 37th on baseball's home run list, is the first player ever to hit 30 or more home runs in each of his first 11 seasons. In those 11 seasons with the St Louis Cardinals, he averaged a home run every 14.2 at-bats. But things have not come so easy in a new city and a new league.

"I've never been a guy to make excuses," Pujols said. "I don't want to blame that I'm new in this league ... It's the same game."

Pujols is striking out at the highest rate of his career, and drawing fewer walks - one every 18.3 plate appearances, as opposed to once every 7.6 - all signs that he might be trying too hard at the plate, although that's not what he told Fox Sports earlier this week.

"I don't try to hit home runs," Pujols said. "I know I can hit home runs. Whenever they come, they're going to come. I'm trying to have good, quality at-bats. It's a long season.

"At the end, my numbers are going to be there and nobody's going to talk about what happened in April."

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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

How to apply for a drone permit
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  • Submit their request
What are the regulations?
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FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes. 

It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.

Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.

Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.

Source: US Department of State

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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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