Al Alhi have not won over their last three league matches and Hugo Viana, centre, is hoping to end the recent slide. Satish Kumar / The National
Al Alhi have not won over their last three league matches and Hugo Viana, centre, is hoping to end the recent slide. Satish Kumar / The National
Al Alhi have not won over their last three league matches and Hugo Viana, centre, is hoping to end the recent slide. Satish Kumar / The National
Al Alhi have not won over their last three league matches and Hugo Viana, centre, is hoping to end the recent slide. Satish Kumar / The National

Big battle among top two in Arabian Gulf League has little impact, says Olaroiu


John McAuley
  • English
  • Arabic

DUBAI // Hugo Viana has challenged his Al Ahli teammates to respond to last week’s defeat to Al Wasl when they entertain their surprise title rivals Al Shabab on Friday night.

The Arabian Gulf League leaders play host to their closest challengers, both geographically and in the standings, knowing another derby reverse would allow Shabab to climb over them to the top of the table.

Ahli enter the fixture on the back of three league matches without victory and fresh from seeing their unbeaten beginning to the 2013/14 league campaign halted by Al Wasl.

On Sunday, Ahli seemed set for a third successive draw until Maher Jassim struck two minutes from time to seal a 2-1 Wasl win.

“We have to show what we can do and play differently from the last game,” said Viana, Ahli’s Portuguese playmaker. “We’re not happy with our performance, but we’re confident we’re better than what we showed then.

“We have to be fully concentrated on the Shabab game to get the result. All players are important. There is no such thing as local players or foreign players – we are one team and we need to play together and do our best.”

Ahli will be without Amir Mubarak, the midfielder who serves a one-match suspension, although they are bolstered by the return from injury of the UAE international Majed Hassan.

Shabab trail Ahli by one point, but Cosmin Olaroiu, the Ahli coach, said it is too early to suggest tonight’s match will be decisive in determining a champion.

“It’s a long way to the title,” said the Romanian, who will watch the match from the stands as he contests a six-month touchline ban handed down last week by the Football Association. “People are talking about winning the championship, but we need to maintain our focus.”

Al Shaab v Dubai

Al Shaab will be hoping to end their dismal record in the league when they meet Dubai in a bottom of the table clash.

The Sharjah club have four points from 10 games and were beaten by Al Ain 5-2 in their last game, caretaker coach Jassim Yousef’s first game in charge since Marius Sumudica left the club.

Emirates v Al Wasl

Al Wasl travel to Ras Al Khaimah for a meeting with struggling Emirates full of confidence after becoming the first team to inflict a defeat on league leaders Al Ahli.

It was the perfect way for Wasl to respond after a 6-1 mauling they received against Al Nasr in the previous league game.

jmcauley@thenational.ae

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MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium, Malayisa
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia on October 10

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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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Rating: 1 out of 4

Running time: 81 minutes

Director: David Blue Garcia

Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham