When rain washed away their hopes of causing an upset at the 2020 Under 19 World Cup, the UAE’s leading young cricketers might have feared their chance of a statement win on the global stage had gone.
The national age-group side were promisingly positioned in a run-chase against hosts South Africa when a storm ended their chances two years ago.
While the majority of the squad have since moved on to senior cricket, three players still remain to take up the fight on their World Cup return.
Alishan Sharafu, Kai Smith and Ali Naseer are the three senior players in an otherwise new-look squad who are bidding to erase the hurt of 2020 at the competition in the Caribbean this month.
UAE start their campaign against Canada on Saturday in St Kitts. The Canadians were the opposition when UAE claimed their lone win last time at the competition. That is followed by pool fixtures against England and Bangladesh, who are the defending champions.
Smith, the 17-year-old opener, says his side are not putting a limit on their expectations for the competition.
“I think that last time we had a great chance of winning that game but were pretty unlucky with something that is out of our control,” Smith said.
“It hurts and still does to this day because we all truly believe that we have a shot at beating the favourites of the tournament, and therefore qualifying to the playoffs for the first in history.
“However, we all have to put that behind us and focus on seizing the moment this tournament, game by game, ball by ball.
“I feel that we have a very passionate and determined team, ready to make a statement and rewrite the history books by winning this thing because we have so much potential as a group and can do some real damage if we all play our roles and as a team.”
Smith says the disappointment of two years ago made those involved stronger.
“I feel like that tournament has made us grow and develop as cricketers and people, encouraging us to work harder than ever to compete with the best and always stay on top of our game,” he said.
“It has also taught us some key principles that you will need in life like resilience, perseverance, leadership, accountability, belief and patience.
“With the hardships faced last World Cup I feel that me and Alishan, as the two seniors of the team have an opportunity to pass these lessons on to some of the youngsters to prevent those mistakes made, and also build on our strengths overall making us a more competitive, stronger team.”
Smith’s talent for cricket last year led to him relocating from Dubai, where he was born and raised, to the UK.
Since moving to attend boarding school he has also been involved in county cricket, which included keeping wicket against England fast-bowler Chris Woakes in Warwickshire’s second XI.
The England fixture at the World Cup will pit him against a number of players he played with and against last summer, and he said it will be “an amazing opportunity to compete against them, and I will be pushing myself to the limit”.
Smith’s tour started in the best possible fashion. He struck 145 in a mammoth win over Papua New Guinea in the UAE’s opening warm up match, and he said optimism is coursing through the side after that success.
“We said it before and will say it again, we only have one goal: to make sure our hands are on that cup,” Smith said.
“We don’t see ourselves as an Associate nation. We have true potential as a team and won't stand down to any bullies. We will fight till the last ball is bowled.
“Personally that's what I want to try and get out of our team but also to learn as much as I can from this once in a lifetime opportunity.
"I want to make mistakes and learn from them in order to grow as a player and as a person.”
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.”
FIXTURES
Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan
The top two teams qualify for the World Cup
Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.
Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place play-off
The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
Company%20profile
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GROUPS
Group Gustavo Kuerten
Novak Djokovic (x1)
Alexander Zverev (x3)
Marin Cilic (x5)
John Isner (x8)
Group Lleyton Hewitt
Roger Federer (x2)
Kevin Anderson (x4)
Dominic Thiem (x6)
Kei Nishikori (x7)
The%20specs
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The details
Colette
Director: Wash Westmoreland
Starring: Keira Knightley, Dominic West
Our take: 3/5
info-box
COMPANY PROFILE
Company name: Happy Tenant
Started: January 2019
Co-founders: Joe Moufarrej and Umar Rana
Based: Dubai
Sector: Technology, real-estate
Initial investment: Dh2.5 million
Investors: Self-funded
Total customers: 4,000
Results:
5pm: Baynunah Conditions (UAE bred) Dh80,000 1,400m.
Winner: Al Tiryaq, Dane O’Neill (jockey), Abdullah Al Hammadi (trainer).
5.30pm: Al Zahra Handicap (rated 0-45) Dh 80,000 1,400m:
Winner: Fahadd, Richard Mullen, Ahmed Al Mehairbi.
6pm: Al Ras Al Akhdar Maiden Dh80,000 1,600m.
Winner: Jaahiz, Jesus Rosales, Eric Lemartinel.
6.30pm: Al Reem Island Handicap Dh90,000 1,600m.
Winner: AF Al Jahed, Antonio Fresu, Ernst Oertel.
7pm: Al Khubairah Handicap (TB) 100,000 2,200m.
Winner: Empoli, Pat Dobbs, Doug Watson.
7.30pm: Wathba Stallions Cup Handicap Dh80,000 2,200m.
Winner: Shivan OA, Patrick Cosgrave, Helal Al Alawi.
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
Classification of skills
A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation.
A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.
The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000.
UAE currency: the story behind the money in your pockets
MEDIEVIL%20(1998)
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