Bullish Pakistan fear no one


Paul Radley
  • English
  • Arabic

LONDON // Younus Khan, Pakistan's captain, must be thinking the whole cricket world has it in for his side. He is back in siege mentality mode following the controversy over the fast-bowler Umar Gul's ability to reverse-swing a 13-over old cricket ball. "Every time we are getting into a nice momentum in England these controversies are created to disturb our players," said Younus ahead of tonight's semi-final showdown with South Africa.

"I have seen it happen before. But the players are pumped up to show they play the game fairly and sportingly." He certainly has been here before, and not just in England. When they played Australia in a bilateral series in the UAE before heading to the UK, he as tested by another mini-crisis. "It always happens between Pakistan and Australia," he said in Abu Dhabi after Saeed Ajmal, the spinner who has emerged as a key player, was reported for a suspect bowling action.

"They must play a fair game. If somebody bowls a doosra, or bowls at 160kmh, why does there need to be a controversy about it the whole time." If there is one side in the game who can cope with the constant distractions, it is Pakistan. Before the Gul issue was raised by the doubting New Zealand captain Daniel Vettori, it was in-fighting within the Pakistan board administration. Abdul Qadir, the chief selector, stepped down in the wake of a hefty defeat in the opening game to England, and fired salvos against the captain and coach, Intikhab Alam, over "interference" on his way out.

If that had an effect, it was solely a positive one. The players were energised to the extent that they thrashed the Netherlands to secure their advance to the Super Eight, and the episode seems a world away now they have marched on to the last four. "The players are in a confident mood and we are ready to take on anyone," said the coach Intikhab. "It does not matter if we are playing South Africa. They are not unbeatable. If you play to your strengths and do the basics right, any opponent can be beaten."

As bullish as Pakistan's players may be feeling, the task facing them this evening is a substantial one. Graeme Smith's Proteas side are the top-ranked country in limited-overs international cricket and have looked invincible since arriving in England. Smith believes his players, who remain undefeated and virtually unchallenged thus far, are the "all-round package" in the 20-over game. "For us to be in the final would be terrific," he said.

"We are professional and clinical, but I think we've proven that we have enough flair and options available to us to be the all-round package. "This team has come a long way, and we've proven that. How we've played under pressure has been incredible." While the slow bowlers, Shahid Afridi and Saeed Ajmal, are likely to pose a threat on a wearing Trent Bridge wicket, Smith thinks Gul could again be the danger man.

"Umar's obviously bowled really well," said the left-handed opener, Smith. "Their tactics are pretty up front, in the sense that they've been holding him back and using other guys first. "We've obviously discussed it. We've toured the subcontinent before and come across that type of situation - but it's something we'll talk about." Pakistan are likely to be unchanged from the side who beat Ireland last time out, while Jacques Kallis will return in place of Morne Morkel after he was rested from the game against India.

@Email:pradley@thenational.ae Pakistan v South Africa, World Twenty20 1st semi-final, ART Prime Sport, 8.30 pm

WHAT IS A BLACK HOLE?

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

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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

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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Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

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match info

Maratha Arabians 138-2

C Lynn 91*, A Lyth 20, B Laughlin 1-15

Team Abu Dhabi 114-3

L Wright 40*, L Malinga 0-13, M McClenaghan 1-17

Maratha Arabians won by 24 runs

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The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

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