Al Ain's Omar Abdulrahman, left, scored one goal and helped set up three more in his team's 4-0 win yesterday. Jaime Puebla / The National
Al Ain's Omar Abdulrahman, left, scored one goal and helped set up three more in his team's 4-0 win yesterday. Jaime Puebla / The National
Al Ain's Omar Abdulrahman, left, scored one goal and helped set up three more in his team's 4-0 win yesterday. Jaime Puebla / The National
Al Ain's Omar Abdulrahman, left, scored one goal and helped set up three more in his team's 4-0 win yesterday. Jaime Puebla / The National

Back to the grind for UAE's Gulf Cup hero Omar Abdulrahman


Amith Passela
  • English
  • Arabic

It was a case of back down to earth with a bump for Omar Abdulrahman and the rest of Al Ain's Gulf Cup heroes.

Just over a week since playing in front more than 35,000 screaming fans at Bahrain's National Stadium as the UAE brought home the trophy, the mercurial midfielder was cheered on by about a tenth of that number as he made his first Pro League start since the tournament.

Whenever Al Ain play at home there is usually a significant fan presence, but it was much less than the players may have anticipated in a game against Ajman that was Al Ain's first home league match in more than eight weeks.

Al Ain had four players in the triumphant UAE squad but the one who stood out from the rest was Abdulrahman - the player of the tournament.

He and Mohammed Ahmed were in Cosmin Olaroiu's line-up while Mohanad Salem Al Enazi and Dawoud Sulaiman, the goalkeeper who did not play during his time with the national team, were left out.

With the dust settled on the euphoria of the Gulf Cup celebrations, only around 3,000 fans turned up.

But those who did come were treated to a statement of intent from Al Ain, who won 4-0 despite the absence of Asamaoh Gyan, their 21-goal striker who is with Ghana at the African Cup of Nations.

Abdulrahman was the standout player again. He was behind every move and all four goals Al Ain scored.

He sent a return pass to Helal Saeed, who found Jires Kembo-Ekoko unmarked on his left and set him up with a clear shot at goal to give Al Ain an early lead.

There were oohs and aahs in anticipation whenever he was in possession.

Abdulrahman was more authoritative in the second half as he slipped a pass towards Alex Brosque for the Australian to double the lead.

He also had his name etched on the scoresheet when he scored from the penalty spot for Al Ain to virtually seal the three points and was part of a fine passing move for the fourth.

"You just can't keep him out of the action because he is there at the right place in the right time," Abdul Kareem, an Al Ain fan, said.

"Without doubt he is the best player in the country and the best player in the entire Gulf."

Ahmed Saeed, another fan, said more of the club supporters would have turned up but they were taking advantage of the long weekend to travel out of the city.

"Had they been in town they certainly would have been at the stadium," he said.

"This game is not a reception for the Gulf Cup heroes. We have given them a very warm welcome and reception when they arrived from Bahrain. It is not just the Al Ain players but the entire squad."

Humaid Al Mansouri even compared Abdulrahman to Diego Maradona and likened his goal against Iraq in the Gulf Cup final to the Argentine legend's second goal against England in the 1986 World Cup which he has watched on YouTube.

"He is our own Maradona you can say," he said. "I have been following the game in the country for more than 20 years and I haven't seen anyone technically at a higher level than him."

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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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