Uruguay's Luis Suarez gestures during a World Cup South American qualifier against Paraguay. Miguel Rojo / AFP
Uruguay's Luis Suarez gestures during a World Cup South American qualifier against Paraguay. Miguel Rojo / AFP
Uruguay's Luis Suarez gestures during a World Cup South American qualifier against Paraguay. Miguel Rojo / AFP
Uruguay's Luis Suarez gestures during a World Cup South American qualifier against Paraguay. Miguel Rojo / AFP

Sport

Confederations Cup: Uruguay want to put recent losses behind them

Despite an attacking trio of Luis Suarez, Edinson Cavani and Diego Forlan, Uruguay is still trying to figure out what is wrong and how to turn it around in the Confederations Cup.

Associated Press

June 13, 2013

  • English
  • Arabic

Uruguay are hoping to use the Confederations Cup to get back on track.

The defending South American champions, who also finished fourth at the 2010 World Cup, have been disappointing since winning the Copa America two years ago in Argentina.

But Oscar Tabarez's team have been a major disappointment in World Cup qualifying. Uruguay trail South America's top four teams – Argentina, Ecuador, Colombia and Chile – by five points and are in danger of failing to qualify automatically for the 2014 World Cup in Brazil.

Despite an attacking trio of Luis Suarez, Edinson Cavani and Diego Forlan, Tabarez is trying to figure out what has gone wrong.

Uruguay failed to win six straight matches in the past year.

"We've never gone through such a long period of not getting results," Tabarez said after losing to Chile 2-0 in late March. "We have to figure out what has happened to us, and we have to look at ourselves – each of us."

Uruguay at a glance

Fifa World Ranking 19

Qualified as South American champions

Best Confederations Cup result 4th place, 1997

Other major honours World champions: 1930, 1950; South American champions (15): 1916, 1917, 1920, 1923, 1924, 1926, 1935, 1942, 1956, 1959, 1967, 1983, 1987, 1995, 2011; Runners-up: 1919, 1927, 1939, 1941, 1989, 1999

Coach Oscar Tabarez

Prospects The last time Uruguay took part in a major competition in Brazil, outside of the Copa America, they won it and sent Brazil spiralling into a national depression that lasted for days. That was in 1950, when they beat Brazil at the Maracana in front of a world-record crowd of 205,000 to become world champions. It will not be quite the same time this time if they win the Confederations Cup, but at the moment, that is looking unlikely as the South American champions are struggling with form, and face an uphill battle to qualify for next year's World Cup.

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KILLING OF QASSEM SULEIMANI
Andor
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%3Cp%3EHeavyweight%20boxer%20Fury%20revealed%20on%20Sunday%20his%20cousin%20had%20been%20%E2%80%9Cstabbed%20in%20the%20neck%E2%80%9D%20and%20called%20on%20the%20courts%20to%20address%20the%20wave%20of%20more%20sentencing%20of%20offenders.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3ERico%20Burton%2C%2031%2C%20was%20found%20with%20stab%20wounds%20at%20around%203am%20on%20Sunday%20in%20Goose%20Green%2C%20Altrincham%20and%20subsequently%20died%20of%20his%20injuries.%3C%2Fp%3E%0A%3Cp%3E%26nbsp%3B%E2%80%9CMy%20cousin%20was%20murdered%20last%20night%2C%20stabbed%20in%20the%20neck%20this%20is%20becoming%20ridiculous%20%E2%80%A6%20idiots%20carry%20knives.%20This%20needs%20to%20stop%2C%E2%80%9D%0D%20Fury%20said.%20%E2%80%9CAsap%2C%20UK%20government%20needs%20to%20bring%20higher%20sentencing%20for%20knife%20crime%2C%20it%E2%80%99s%20a%20pandemic%20%26amp%3B%20you%20don%E2%80%99t%20know%20how%20bad%20it%20is%20until%20%5Bit%E2%80%99s%5D%201%20of%20your%20own!%3C%2Fp%3E%0A
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Global state-owned investor ranking by size

1.

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2.

China

3.

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4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea
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The Indo-Pacific
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Three stars

The Vile

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RESULTS

 

Catchweight 63.5kg: Shakriyor Juraev (UZB) beat Bahez Khoshnaw (IRQ). Round 3 TKO (body kick)

Lightweight: Nart Abida (JOR) beat Moussa Salih (MAR). Round 1 by rear naked choke

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Flyweight: Sabriye Sengul (TUR) beat Mona Ftouhi (TUN). Unanimous decision

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Heavyweight: Mohamed Jumaa (SUD) beat Hassen Rahat (MAR). Round 1 TKO (ground and pound)

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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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Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

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