South Korea, in white, fared better, but UAE slipped two divisions in as many years. Satish Kumar / The National
South Korea, in white, fared better, but UAE slipped two divisions in as many years. Satish Kumar / The National

Asian rugby scrummaging for benefits despite Five Nations tournament



Plenty of well-meaning people have tried to solve the problem that is Asian rugby.

Significant finances have been thrown at it, the competition structure has been redrawn and rethought, and we are probably no further advanced than we were in 2008, when HSBC took on the vast undertaking of underwriting the costs of new tournaments, which took in representative sides from Japan to Mongolia to Uzbekistan.

The sport’s rulers, the International Rugby Board, have long believed Asia could be a key growth market for the sport. Maybe that is the case in sevens, but XVs has struggled.

The World Cup is in Japan in five years, and it has long been hoped that more sides from the continent than just the host nation would be worthy of playing at the sport’s flagship competition. It is questionable whether that will be the case at the current rate.

Japan are still miles ahead, on their own.

The next two, South Korea and Hong Kong, have not closed the gap appreciably enough to the extent that they are going to beat Japan any time soon.

They have created a little second division for themselves, though, stretching way ahead of the next-best sides from places such as Sri Lanka, the Philippines, Kazakhstan and Singapore. That is not especially healthy.

Hong Kong have been the major climbers during the past six years. Perhaps that is fitting, seeing as they were the major drivers behind getting HSBC on board.

At least, they have shown what can be done with an enviable bank balance and a cohesive development plan.

Two weeks ago, they beat the Philippines 108-0 on the opening day of the Asian Five Nations. Hong Kong could finish third in that competition and the Philippines fourth.

So you see why drastic remedial work is needed for that competition. If it was a schools match, that fixture would be dropped next year.

In some countries, the junior teams would be mixed around at half-time to ensure a more competitive encounter.

For too long, sides have played out one-sided international fixtures, incurring large travel costs in the process.

The revamp of the game in Asia, which will take place next year, is clearly not coming before time.

pradley@thenational.ae

Follow us on Twitter at SprtNationalUAE

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

Results:

Men's 100m T34: 1. Walid Ktila (TUN) 15 sec; 2. Rheed McCracken (AUS) 15.40; 3. Mohammed Al Hammadi (UAE) 15.75. Men's 400m T34: 1. Walid Ktila (TUN) 50.56; 2. Mohammed Al Hammadi (UAE) 50.94; 3. Henry Manni (FIN) 52.24.

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

BANGLADESH SQUAD

Mashrafe Mortaza (captain), Tamim Iqbal, Liton Das, Soumya Sarkar, Mushfiqur Rahim (wicketkeeper), Mahmudullah, Shakib Al Hasan (vice captain), Mohammad Mithun, Sabbir Rahaman, Mosaddek Hossain, Mohammad Saifuddin, Mehidy Hasan Miraz, Rubel Hossain, Mustafizur Rahman, Abu Jayed (Reporting by Rohith Nair in Bengaluru Editing by Amlan Chakraborty)

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45+3')

Southampton 0

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

Barbie

Director: Greta Gerwig
Stars: Margot Robbie, Ryan Gosling, Will Ferrell, America Ferrera
Rating: 4/5

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Company profile

Name: Tabby
Founded: August 2019; platform went live in February 2020
Founder/CEO: Hosam Arab, co-founder: Daniil Barkalov
Based: Dubai, UAE
Sector: Payments
Size: 40-50 employees
Stage: Series A
Investors: Arbor Ventures, Mubadala Capital, Wamda Capital, STV, Raed Ventures, Global Founders Capital, JIMCO, Global Ventures, Venture Souq, Outliers VC, MSA Capital, HOF and AB Accelerator.


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