Ewen Mckenzie looks on during an Australian Wallabies training session at Ballymore Stadium on in Brisbane, Australia. (Photo by Chris Hyde/Getty Images)
Ewen Mckenzie looks on during an Australian Wallabies training session at Ballymore Stadium on in Brisbane, Australia. (Photo by Chris Hyde/Getty Images)
Ewen Mckenzie looks on during an Australian Wallabies training session at Ballymore Stadium on in Brisbane, Australia. (Photo by Chris Hyde/Getty Images)
Ewen Mckenzie looks on during an Australian Wallabies training session at Ballymore Stadium on in Brisbane, Australia. (Photo by Chris Hyde/Getty Images)

Australia rugby coach Ewen McKenzie says Eden Park a challenge to relish


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SYDNEY // Australia coach Ewen McKenzie sees breaching New Zealand’s fortress Eden Park next week as a challenge to relish after his Wallabies held the world champions to a draw in their Rugby Championship opener.

McKenzie was disappointed Australia were unable to break the 12-12 deadlock at the Olympic Stadium on Saturday and felt they lacked a little bit of composure in the last 10 minutes when they were a man up after the sin-binning of Beauden Barrett.

“When you look at it, there was a game to be won and we didn’t do that,” he told reporters on Sunday.

“We haven’t classified it as anything super positive, it was a bit of nothing really, and the battle resumes again next week.

“We creep closer to them, I suppose, but we still didn’t get the win,” he added. “Kept them try-less, I guess, things like that we can hang our hat on but we’ll look at the scoreboard and see it as a missed opportunity.

“At 12-12, you need a little bit of composure, you only need to score once.”

Saturday’s draw brought an end to New Zealand’s winning streak at 17 matches - one shy of a new record for top tier nations - but to win next week’s return the Wallabies will have to break a much longer run of All Blacks success.

New Zealand have won their last 32 tests at Eden Park, while the last Australia victory was back in 1986.

“We’ll hear all week about history but that’s history and we’re not living in the past,” McKenzie added.

“I always look at those things as opportunities because everyone tells you can’t do things I always go, ‘well let’s see about that’.

“It’s a fantastic motivator, if we can be the first team that does something for however long, that’s a special team. So bring it on.

“It’ll get sorted on the field, it won’t get sorted in the history books.”

McKenzie said Australia would stick to a game built predominantly around running the ball even if conditions were as wet at Eden Park as they were in Sydney on Saturday and hope for better outcomes.

“There’s plenty of stuff to improve, we’re quite good as a team playing multiple phase and scoring tries and that’s sort of the hallmark of the team,” he said.

“We created multiple phase we just didn’t quite get to the opportunity.

“We need to look fair and square in our own backyard and say there were some fantastic opportunities in the game last night we just didn’t take.

“That’s a function of pressure and the occasion but there were some simple opportunities, simple overlaps or whatever, and we didn’t see them or get to them.”

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Director: Magizh Thirumeni

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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.”

Three ways to boost your credit score

Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:

1. Make sure you make your payments on time;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.

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Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

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The years Ramadan fell in May

1987

1954

1921

1888

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Veil (Object Lessons)
Rafia Zakaria
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Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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Top 10 most polluted cities
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Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE