Liverpool’s Luis Suarez takes the ball away from Zenit Saint Petersburg’s Tomas Hubocan last night.
Liverpool’s Luis Suarez takes the ball away from Zenit Saint Petersburg’s Tomas Hubocan last night.
Liverpool’s Luis Suarez takes the ball away from Zenit Saint Petersburg’s Tomas Hubocan last night.
Liverpool’s Luis Suarez takes the ball away from Zenit Saint Petersburg’s Tomas Hubocan last night.

Branko Ivankovic's aim to get Saeed Al Kathiri up to speed


Amith Passela
  • English
  • Arabic

ABU DHABI // Getting Saeed Al Kathiri back to the form he produced earlier in the season will be one of Al Wahda coach Branko Ivankovic's tasks as he prepares his team for a home Pro League game against Kalba.

Al Kathiri spent more than two months without playing a full game with the national team in the Gulf Cup, which they won in Bahrain in January.

The Wahda forward was also in the squad that travelled to China for a training camp before the 2-1 victory over Vietnam at the Asian Cup qualifiers February 6.

However, returning to club duties and provided the opportunity as a late substitute, Al Kathiri scored the winner with his first touch of the ball in Wahda's 2-1 win over Al Jazira for a passage to the President's Cup semi-finals last Sunday.

"I still consider him as a goal-scoring potential for us but at the moment he is not ready to play for 90 minutes," Ivankovic said.

"We will do what is best for the club and best for the national team, with him. It is a different programme with the national team and different with the club team.

"He started as a regular for us, but after joining the national team he only played one half of a game in more than two months. As a result, his level dropped.

"Those who play regularly in the national team can maintain their level to a great extent but those who are not in the playing XI don't do much. This is understandable.

"So he has to get back to a good level to play for the club than just trying to rush him back into a game. He may not start against Kalba; perhaps against Dubai in the following week."

According to the coach, Al Kathiri has played only eight games in the last two seasons but has already played more than that number (13) at the halfway stage this season.

"He worked really hard during the pre-season training. He not only started for us but was in the line-up for the national team in some of the friendlies they played ahead of the Gulf Cup.

"He worked very well, I am satisfied and hope he will get back to give us a lot of good moments."

Wahda go in to the league meeting with Kalba buoyed by their President's Cup triumph.

"The win against Jazira will have given my players more confidence. We played as a good unit and tactically, and until the end of the game we had the confidence and did it in that game."

It is also the first time this season that Ivankovic has had all four foreigners in the line-up.

"I am very happy the players are returning to full fitness," he said. "We had a lot of injury problems from the beginning of the season and I would like to think the worst is over for us."

The injuries persist with the forward Mohammed Al Shehhi and the goalkeeper Adel Al Hosani ruled out for the same reason. Adel Basulaiman, the left back, has three yellow cards and hence, will miss the game.

"The team is reaching a good level but from a coach's point of view I want more, like when we are 100 per cent I would want them to give 110 per cent. This is what a good team would try to achieve."

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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

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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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