Quinton De Kock hit an unbeaten 140 for Lucknow Super Giants. Sportzpics for IPL
Quinton De Kock hit an unbeaten 140 for Lucknow Super Giants. Sportzpics for IPL
Quinton De Kock hit an unbeaten 140 for Lucknow Super Giants. Sportzpics for IPL
Quinton De Kock hit an unbeaten 140 for Lucknow Super Giants. Sportzpics for IPL

Quinton De Kock and KL Rahul smash record opening IPL stand for Lucknow Super Giants


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South African Quinton de Kock and India's KL Rahul recorded the highest opening partnership in Indian Premier League history on Wednesday as their stand of 210 fired the Lucknow Super Giants to the playoffs with a two-run win over the Kolkata Knight Riders.

De Kock scored an unbeaten 140 off 70 balls and captain Rahul scored 68 not out from 51 balls as they became the first pair to bat 20 overs in an IPL innings.

Their opening stand surpassed the previous best of 185 by Jonny Bairstow and David Warner for Sunrisers Hyderabad against Royal Challengers Bangalore in 2019, while De Kock also set the highest individual score this season.

"I was a little bit cooked. But I had to get out there and get on with the job. It was just a bit of frustration that came out," said De Kock.

"The last couple of games just the way I was getting out. It was just a bit of release. I didn't know what I was thinking, I was just keeping it in."

Chasing a target of 211, Kolkata got off to a poor start with both openers out for single-digit scores. Nitish Rana (42) and captain Shreyas Iyer (50) helped them bounce back before Rinku Singh (40 from 15 balls) lit up their run chase.

Rinku and Sunil Narine (21 not out) hit 17 runs in the 19th over, leaving Kolkata to chase 21 runs in the final over.

Rinku piled pressure on Lucknow as he hit Marcus Stoinis for a four and two sixes in the first three balls of the final over, with Kolkata needing only three runs off the final two balls to win.

But Stoinis held his nerve as he dismissed Rinku on the fifth ball, with Evin Lewis taking a stunning one-handed catch.

The Australian all-rounder completed the job by taking out Umesh Yadav with a yorker on the final delivery as Lucknow joined fellow new franchise Gujarat Titans in the playoffs.

"There haven't been so many games that have gone to the last ball," said Rahul.

"Yes, they have gone to the last over but not so close. Happy to be on the other side, good way to finish the last game of the league stage."

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Range: Up to 610km

Power: 905hp

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World Series

Game 1: Red Sox 8, Dodgers 4
Game 2: Red Sox 4, Dodgers 2
Game 3: Saturday (UAE)

* if needed

Game 4: Sunday
Game 5: Monday
Game 6: Wednesday
Game 7: Thursday

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Ferrari 12Cilindri specs

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UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

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.”

First Person
Richard Flanagan
Chatto & Windus 

Updated: May 18, 2022, 9:08 PM