• India's Kuldeep Yadav (R) celebrates with captain Shikhar Dhawan after taking the wicket of South Africa's Anrich Nortje (not pictured) during the third and final one-day international (ODI) cricket match between India and South Africa at the Arun Jaitley Stadium in New Delhi on October 11, 2022. (Photo by Sajjad HUSSAIN / AFP) / ----IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE-----
    India's Kuldeep Yadav (R) celebrates with captain Shikhar Dhawan after taking the wicket of South Africa's Anrich Nortje (not pictured) during the third and final one-day international (ODI) cricket match between India and South Africa at the Arun Jaitley Stadium in New Delhi on October 11, 2022. (Photo by Sajjad HUSSAIN / AFP) / ----IMAGE RESTRICTED TO EDITORIAL USE - STRICTLY NO COMMERCIAL USE-----
  • South Africa's Heinrich Klaasen is clean bowled by Shabaz Ahmed during in the third ODI in New Delhi. AFP
    South Africa's Heinrich Klaasen is clean bowled by Shabaz Ahmed during in the third ODI in New Delhi. AFP
  • South Africa's Andile Phehlukwayo walks back after being dismissed by Kuldeep Yadav. AFP
    South Africa's Andile Phehlukwayo walks back after being dismissed by Kuldeep Yadav. AFP
  • India's Kuldeep Yadav picked up 4-18 to help dismiss South Africa for 99. AFP
    India's Kuldeep Yadav picked up 4-18 to help dismiss South Africa for 99. AFP
  • India celebrate the dismissal of South Africa's Aiden Markram at the Arun Jaitley Stadium. AFP
    India celebrate the dismissal of South Africa's Aiden Markram at the Arun Jaitley Stadium. AFP
  • Security personnel try to remove a stray dog that entered the ground at the Arun Jaitley Stadium in New Delhi. AFP
    Security personnel try to remove a stray dog that entered the ground at the Arun Jaitley Stadium in New Delhi. AFP
  • Washington Sundar looks on as a dog enters the ground on Tuesday. AFP
    Washington Sundar looks on as a dog enters the ground on Tuesday. AFP
  • South Africa's Quinton de Kock attempts a sweep shot. AFP
    South Africa's Quinton de Kock attempts a sweep shot. AFP
  • Ground staff use saw dust to dry the playing field following rain on Tuesday. FP
    Ground staff use saw dust to dry the playing field following rain on Tuesday. FP

Kuldeep Yadav continues resurgence with four-wicket haul as Proteas are dismissed for 99


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India left-arm wrist spinner Kuldeep Yadav sent a reminder to the selectors of his prowess in white-ball cricket as he picked up 4-18 to help bowl South Africa out for just 99 in the deciding third ODI in New Delhi on Tuesday.

Yadav is not a part of India's T20 World Cup squad but has bowled consistently in the ODI matches he has played this year. At the Arun Jaitley Stadium, Yadav made the most of a helpful surface as South Africa registered their lowest total in the 50-over format against India, bundled out in just 27.1 overs.

Off-spinner Washington Sundar opened the bowling and led an inspired attack with left-arm spinner Shahbaz Ahmed also picking up two wickets apiece. Fast bowler Mohammed Siraj picked up the remaining two for the hosts as South Africa lost their last six wickets for 33 runs.

Sundar was handed the new ball and the lanky off-spinner struck in his second over to send back Quinton de Kock caught at short third-man for six. Siraj rattled the top-order with the wickets of Janneman Malan, for 15, and Reeza Hendricks, for three, to put South Africa on the back foot.

The Proteas slipped further to 43-4 after Aiden Markam's departure as the batsman fell caught behind off left-arm spinner Ahmed for nine.

Heinrich Klaasen, who top-scored with 34, attempted to rebuild with David Miller, who was making his captaincy debut with regular skipper Temba Bavuma and previous-match leader Keshav Maharaj out unwell. Sundar bowled the left-handed Miller for seven and the rest of the batting caved in.

Shahbaz bowled Klaasen and in between the change of batsmen a dog walked on to the field to provide some entertainment to the crowd.

Wrist spinner Yadav had all-rounder Andile Phehlukwayo bowled off a googly. He was on a hat-trick, which was averted by Lungi Ngidi, but soon dismissed the dangerous Marco Jansen to wrap up the innings.

COMPANY%20PROFILE
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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
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Rating: 4/5

Updated: October 11, 2022, 12:24 PM