Al Ahli manager Cosmin Olaroiu. Satish Kumar / The National file
Al Ahli manager Cosmin Olaroiu. Satish Kumar / The National file
Al Ahli manager Cosmin Olaroiu. Satish Kumar / The National file
Al Ahli manager Cosmin Olaroiu. Satish Kumar / The National file

Asian Champions League: Al Ahli on verge of clinching a second trip to knockout stages


John McAuley
  • English
  • Arabic

Al Ahli can take a huge step towards the last 16 of the Asian Champions League when they take on Esteghlal in a top-of-the-table clash in Tehran on Tuesday.

The Dubai club, runners-up in the competition two years ago, currently top Group A from the Iranians on the head-to-head rule and, with a victory, would almost guarantee progression to the knockout stages for only the second time in their history.

Ahli, who did not qualify for last year’s tournament, go into the match at the Azadi Stadium in fine form, unbeaten in nine matches across all competitions — a sequence that stretches back to February.

Esteghlal, two-time Asian champions, have been on a good run too, and sit third in the Iranian top flight, although they did lose last time out in the league, to Tractor Sazi on Thursday.

Ahli will also point to the fact they got the better of Esteghlal in February’s group opener at the Rashid Stadium as reason for optimism, when a Makhete Diop double sealed a late 2-1 win.​

Cosmin Olaroiu’s side are seeking to end the 2016/17 season with a place in the last 16 having almost relinquished their Arabian Gulf League title. The reigning champions, who sit second domestically, are expected to surrender their UAE crown to Al Jazira this weekend, but know success against Esteghlal will help ease the disappointment. Ahli have already lifted silverware this campaign, winning the Arabian Gulf Cup earlier this month.

Elsewhere, Jazira host Qatar’s Lekhwiya at the Mohammed bin Zayed Stadium with little chance of progressing to the knockouts. The Arabian Gulf League leaders, who require a solitary point to seal a second UAE championship, have prioritised the domestic title and are therefore rooted to the bottom of Group B, six points off second place with only two matches remaining. Lekhwiya head the standings.

While Jazira’s immediate future seems assured, rumours surfaced this week linking manager Henk ten Cate with the vacant post at the Netherlands national team. However, on Monday the Dutchman refused to discuss the speculation, instead hinting he will remain at the Abu Dhabi club beyond the summer.

“The only thing I want to speak about is Al Jazira playing against Lekhwiya and winning the league,” Ten Cate said. “That’s the only thing that I am focused on.

“Other things are not on my mind. I don’t want to speak about something that is rumour. Next year, I promise you the team is going to be better and more mature and we will focus on the Champions League.”

jmcauley@thenational.ae

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The National's picks

4.35pm: Tilal Al Khalediah
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6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

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- Abdullah Ishnaneh, Partner, BSA Law 

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Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

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Group D: Oman, Austria, Rwanda

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Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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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The biog

Prefers vegetables and fish to meat and would choose salad over pizza

Walks daily as part of regular exercise routine 

France is her favourite country to visit

Has written books and manuals on women’s education, first aid and health for the family

Family: Husband, three sons and a daughter

Fathiya Nadhari's instructions to her children was to give back to the country

The children worked as young volunteers in social, education and health campaigns

Her motto is to never stop working for the country

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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

UAE currency: the story behind the money in your pockets
The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Warlight,
Michael Ondaatje, Knopf 

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Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo