Champions India celebrate after their win over Sri Lanka in the U19 Asian Cup final at the Dubai International Stadium on Friday, December 31, 2021. Photo: ACC
Champions India celebrate after their win over Sri Lanka in the U19 Asian Cup final at the Dubai International Stadium on Friday, December 31, 2021. Photo: ACC
Champions India celebrate after their win over Sri Lanka in the U19 Asian Cup final at the Dubai International Stadium on Friday, December 31, 2021. Photo: ACC
Champions India celebrate after their win over Sri Lanka in the U19 Asian Cup final at the Dubai International Stadium on Friday, December 31, 2021. Photo: ACC

India thrash Sri Lanka to win U19 Asia Cup final in Dubai


Amith Passela
  • English
  • Arabic

India produced another dominant show to beat Sri Lanka by nine wickets in Friday's final of the U19 Asia Cup final in Dubai.

It is the seventh time India have been crowned champions of Asia at this level, a record. India shared the trophy with Pakistan in 2012, meaning they had their name etched on the trophy in eight of the nine editions.

India restricted Sri Lanka to 106-9 in the rain-interrupted final. They chased the DLS revised target of 102 in 21.3 overs for the loss of just one wicket at the Dubai International Stadium.

“We justified our approach of playing positive cricket and won this tournament,” India captain Yash Dhull said.

“It was a brilliant bowling performance from our team that we were able to restrict the opponents to a low score. Everyone chipped in giving nothing away to the Sri Lankans.

“As far as batting goes, Angkrish Raghuvanshi and Shaik Rasheed batted with great responsibility to ensure our victory. We will carry this form into the World Cup too.”

Yasiru Rodrigo trapped Harnoor Singh (5) in the fifth over but that was the lone success for Sri Lanka's bowlers enjoyed as Harnoor's opening partner Raghuvanshi (56) and Rasheed (31) saw them over the line with ease.

Left-arm spinner Vicky Ostwal was the pick of the Indian bowling with 3-11 from eight overs, and with the off-breaks of Kaushal Tambe, they took five wickets between them.

“It was a dream come true to do well in India’s victory and I am thrilled to have realised it in a final,” Ostwal, who won the player of the final award, said.

“I got those wickets sticking to the basics and bowling according to our team’s plan. I want to keep performing consistently and keep winning many more matches for India and do well in the World Cup too.

“I’m delighted at being named player of a tournament in such a competition, particularly India emerging as the champions.”

Sri Lankan captain Dunith Wallalage was gracious in defeat: “We produced some good cricket. Congratulations to India for their good show in the final.

“We need to improve in certain areas, especially our batting. We will work hard on the areas we need to improve when we touch base, and produce a good show in the World Cup.”

The U19 World Cup takes place in the West Indies from January 14 to February 5.

RESULTS

6.30pm: Maiden Dh 165,000 1,600m
Winner: Superior, Connor Beasley (jockey), Ahmad bin Harmash (trainer)

7.05pm: Handicap Dh 185,000 2,000m
Winner: Tried And True, Pat Dobbs, Doug Watson

7.40pm: Maiden Dh 165,000 1,600m
Winner: Roy Orbison, Fernando Jara, Ali Rashid Al Raihe
8.15pm

Handicap Dh 190,000 1,400m
Winner: Taamol, Dane O’Neill, Ali Rashid Al Raihe
8.50pm

Handicap Dh 175,000 1,600m
Winner: Welford, Richard Mullen, Satish Seemar

9.25pm: Handicap Dh 175,000 1,200m
Winner: Lavaspin, Richard Mullen, Satish Seemar

10pm: Handicap Dh 165,000 1,600m
Winner: Untold Secret, Xavier Ziani, Sandeep Jadhav

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The Old Slave and the Mastiff

Patrick Chamoiseau

Translated from the French and Creole by Linda Coverdale

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.”

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
UAE currency: the story behind the money in your pockets
ENGLAND SQUAD

Joe Root (c), Moeen Ali, Jimmy Anderson, Jonny Bairstow, Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Ollie Pope, Adil Rashid, Ben Stokes, James Vince, Chris Woakes

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Updated: January 01, 2022, 4:15 AM