Al Jazira striker Ali Mabkhout shown during an Arabian Gulf League match in September. Mostafa Reda / Aletihad
Al Jazira striker Ali Mabkhout shown during an Arabian Gulf League match in September. Mostafa Reda / Aletihad
Al Jazira striker Ali Mabkhout shown during an Arabian Gulf League match in September. Mostafa Reda / Aletihad
Al Jazira striker Ali Mabkhout shown during an Arabian Gulf League match in September. Mostafa Reda / Aletihad

Cosmin’s Al Ahli curtain call; Ali Mabkhout’s golden goal – AGL talking points


John McAuley
  • English
  • Arabic

As the 2015/16 Arabian Gulf League concludes on Sunday, John McAuley looks at the main talking points ahead of Round 26.

Cosmin’s curtain call

The past week has cast doubt on Cosmin Olaroiu's future at Al Ahli, with the Romanian on Friday only fanning the flames of an exit. Olaroiu began his media briefing detailing how he wants Sunday's match against Al Shaab – Ahli's last of a title-winning campaign – to be a celebration of their championship triumph, but his position has cast a long shadow. Will this be Olaroiu's last league fixture at the Rashid Stadium? Increasingly, it seems that way, although at the same time it could be little more than an attempt to gain more leverage. Either way, the Ahli supporters will be sure to offer their support, both for the team and their coach. Hosting bottom club Shaab, and finally getting their hands on the league trophy, Ahli should go out with a bang. Is Olaroiu, too?

Race for third

That the battle for the title was decided last week does not mean there is little at stake on Sunday. Incredibly, four teams remain in the hunt for the coveted third spot, featuring those positioned in places three to six: Al Wahda, Al Wasl, Al Nasr and Al Shabab. It looks like Wahda's to lose. Sitting third, they host an inconsistent Baniyas and need only a draw to rule out Nasr and Shabab – a point they should glean. However, fourth-placed Wasl travel to Shabab knowing victory is a must, together with a favour from Baniyas. The permutations are plenty, but Wahda remain in the box seat: defeat Baniyas and they look set to also qualify for next year's Asian Champions League. It will make for an intriguing final day.

Battle at the bottom

Much like what is happening at the table's upper reaches, the scrap at the other end provides a real storyline going into Sunday. Shaab are already down, and have been for some time, but the final relegation place is a fight involving four clubs. Ranked 10 to 13, Dibba, Sharjah, Emirates and Fujairah are still scrapping for survival, with only two points separating them. There are therefore a number of different scenarios. For instance, Dibba and Sharjah play each other, but should the visitors triumph, and Fujairah win at Al Nasr and Emirates at Al Ain, then 10th-placed Dibba go down. It demands a highly unlikely set of results, but it conveys the drama that could yet unfold. It promises to be a nail-biting conclusion.

Shootout for Golden Boot

Sebastian Tagliabue had led the scoring charts for much of the season, scoring 24 goals for Al Wahda – a tally that could swell at home to Baniyas on Sunday. However, Ali Mabkhout's hat-trick last time out has lifted the Al Jazira forward to within two, and many will hope he gets the goals against Al Dhafra to trump Tagliabue. That is nothing against Wahda's top marksman, but a nod to Mabkhout's remarkable achievement: in the professional era, no Emirati has finished top scorer in a race usually dominated by foreign players. Mabkhout's coronation would therefore be all the more impressive, and prove that expensive imports do not always represent the answer. No matter what transpires Sunday, Mabkhout is a great example for placing faith in home-grown players.

​jmcauley@thenational.ae

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Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

RESULTS

Welterweight

Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)

(Unanimous points decision)

Catchweight 75kg

Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)

(Second round knockout)

Flyweight (female)

Manon Fiorot (FRA) beat Corinne Laframboise (CAN)

(RSC in third round)

Featherweight

Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki

(Disqualification)

Lightweight

Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)

(Unanimous points)

Featherweight

Yousef Al Housani (UAE) beat Mohamed Fargan (IND)

(TKO first round)

Catchweight 69kg

Jung Han-gook (KOR) beat Max Lima (BRA)

(First round submission by foot-lock)

Catchweight 71kg

Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)

(TKO round 1).

Featherweight title (5 rounds)

Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

(TKO round 1).

Lightweight title (5 rounds)

Bruno Machado (BRA) beat Mike Santiago (USA)

(RSC round 2).

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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