Chile's Alexis Sanchez shown at a team training session on Monday ahead of their Copa America quarter-final against Uruguay on Wednesday. Mario Ruiz / EPA / June 22, 2015
Chile's Alexis Sanchez shown at a team training session on Monday ahead of their Copa America quarter-final against Uruguay on Wednesday. Mario Ruiz / EPA / June 22, 2015
Chile's Alexis Sanchez shown at a team training session on Monday ahead of their Copa America quarter-final against Uruguay on Wednesday. Mario Ruiz / EPA / June 22, 2015
Chile's Alexis Sanchez shown at a team training session on Monday ahead of their Copa America quarter-final against Uruguay on Wednesday. Mario Ruiz / EPA / June 22, 2015

Brazil soldier on without Neymar and Alexis Sanchez looks to keep Chile’s golden generation charging


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If Brazil are to win their fifth Copa America in seven editions, they are going to have to do it the hard way.

The South American super-power decided Monday not to appeal a four-game ban handed to star striker and captain Neymar for violent conduct, meaning they will have to do without him for the knock-out stages.

What’s more, they are in a loaded draw that conspiracy theorists might be tempted to suggest had been fixed to help hosts Chile reach the final.

Argentina, Colombia and Brazil, the teams ranked third to fifth in the Fifa world rankings are all in the same side of the draw, while on the other side you find the likes of 61st ranked Peru up against 89th placed Bolivia.

In fairness, Chile (19th) are actually drawn in their quarter-final against the highest ranked team in their half, Uruguay, the defending champions ranked eighth by Fifa.

And it is Argentina and Colombia who have been hardest hit, as the two highest ranked sides face each other in the last eight.

Whoever negotiates that clash of the titans, they will expect to find Brazil in the semis as the Brazilians are up against Paraguay.

Paraguay may have reached the final four years ago, just a year after making it to the World Cup quarter-finals, but they have been in freefall since, failing to reach last year’s World Cup and dropping to 85th in the world.

Ranked 15th after their World Cup 2010 exploits, Paraguay won only four out of 19 international matches from the beginning of 2013 until this tournament started.

Even without Neymar, Brazil will expect to progress and the team themselves are eager to exact revenge having lost to Paraguay on penalties at this very stage four years ago.

“It’s going to be a tough match,” said centre-back Thiago Silva after Sunday’s final group game.

“Any team here is hard. Paraguay got to the last Copa America final and got there on merit, beating us along the way.

“Beating them on Saturday will have a special meaning.”

Paraguay are liable to provide stubborn resistance having already held both Argentina and Uruguay to draws in the pool phase, while beating Jamaica, albeit thanks to a comedy error by the Caribbeans’ goalkeeper Duwayne Kerr.

The quarter-finals begin on Wednesday with hosts Chile tackling Uruguay, whose form has been a bit patchy here.

Chile face perhaps their best ever chance to win this tournament – in which they have four times been beaten finalists, most recently in 1987 – not only playing at home but also blessed with a golden generation that beat Spain at the World Cup last year.

Boasting Arsenal forward Alexis Sanchez and Juventus midfield lynchpin Arturo Vidal amongst a talented outfit, Chile play with pace and verve and thrashed Bolivia 5-0 in their final group game.

They certainly won’t be overawed by a side missing star striker Luis Suarez, still serving a ban for biting Italy’s Giorgio Chiellini at the World Cup.

Edinson Cavani has yet to get off the mark for the shot-shy Uruguayans who mustered just two goals in three pool games.

On Thursday, the two outsiders Bolivia and Peru, both former winners of the competition, meet in Temuco while on Friday, Vina del Mar will be the setting for the heavyweight Argentina-Colombia clash.

Argentina have not exactly shone so far but with an attacking arsenal comprised of Lionel Messi, Sergio Aguero, Angel Di Maria, Javier Pastore, Carlos Tevez and Gonzalo Higuain, they will surely be expecting to end their 22-year wait to lift the Cop America.

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The specs

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Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

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Abu Dhabi World Pro 2019 remaining schedule:

Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm

Thursday April 25:  Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm

Friday April 26: Finals, 3-6pm

Saturday April 27: Awards ceremony, 4pm and 8pm

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Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

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Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

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Transmission: Constant Variable (CVT)

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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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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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