Brazil's stylish football has earned them fans from all over the world.
Brazil's stylish football has earned them fans from all over the world.
Brazil's stylish football has earned them fans from all over the world.
Brazil's stylish football has earned them fans from all over the world.

Brazil: the world's second choice


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JOHANNESBURG // A commentator on South African television channel SuperSport claimed during Brazil's 3-1 victory over Ivory Coast, that the Selecao "will be regarded as everyone's second-favourite team at this World Cup". He was partly right. Rosely Bermudes is shivering. It is Sunday night and the 36-year-old Brazilian is standing in Fifa's Sandton Fan Park waiting for her countrymen to take to the pitch.

The climate is far removed from that of Bermudes's home city, Sao Paulo, but nothing - not even the coldest South African winter in almost a quarter of a century - could stop her supporting her country. For her, much like in Fifa's official rankings, Brazil are No 1. "I am here for 26 days," said Bermudes, the temporary JumboTron screen lighting up her face to display a small Brazilian flag painted on each cheek. "I am sure we will improve and go on to reach the final."

Brazil, as ever, are being supported in South Africa by a mass of canary yellow-clad fans, yet listen for the accents and Portuguese is not predominant. Koreans, Americans, Britons, Mexicans and, of course, South Africans all bask in the beauty of the boys from Brazil. For these supporters, Brazil are No 2. "I love Brazil because of their history, the samba music and all the players that they have in the team," said Neto Quiquez, a Mexican wearing a Brazil cap. "Of course, I support Mexico first, but Brazil will always be my second team."

Jaher Fernandes, Bermudes's Brazilian boyfriend, explains. "Everybody loves Brazil. All of Africa, Central America, Portugal, Japan, England - they all love Brazil because they all love the best football." Recently, however, Dunga, the Brazil coach, has been criticised by his compatriots for his willingness to steer away from tradition and opt for tactical success over "joga bonito" - the beautiful game.

So, is there a risk that if Brazil begin to grind out results the world's armchair supporters will instead start supporting a team that plays a more attractive style - such as the so-far impressive Argentina? "No. Never, never, never," said Dee Ferreira, a South African whose nails are painted in the yellow, green and blue of the Brazilian flag. "My family are Portuguese and my mum was born there, so I support Bafana Bafana, Portugal and Brazil. I could never imagine supporting Argentina. Never." The rivalry between the two South American nations should not be underestimated, although so far here the opposing sets of fans have appeared to get on amicably, eating in the same Latin restaurants and drinking in the same rowdy cafes.

But Bermudes wears her heart on her sleeve when asked who she would like to see lift the World Cup on July 11, if it can not be her beloved Brazil. "Anybody but Argentina," she said laughing. "I would actually really like to see an African team win because they have never done so before, but I know it is not likely." Guille Rodriguez, an Argentine from Buenos Aires, says the feeling is mutual between the neighbouring countries. "Of course, I want Argentina to win and I am confident we can do it, but if we fail, I really hope Brazil don't win," he said. "It would give them six [World Cup] titles and make it even harder for us to catch up with them."

Argentina have won the World Cup twice, their last triumph coming in 1986, spearheaded by Diego Maradona, now their coach. "Maradona is already a god in my country, but if he can beat Brazil and win the World Cup, he will become even bigger," said Rodriguez. "If that's possible." gmeenaghan@thenational.ae

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Griselda
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ARGENTINA SQUAD

Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

SPECS
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PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

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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While you're here
Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Book%20Details
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COMPANY%20PROFILE
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Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

Everybody%20Loves%20Touda
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.