Namibia stun Sri Lanka as T20 World Cup opens in dramatic style


Paul Radley
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The T20 World Cup in Australia had a dramatic start as Asia Cup champions Sri Lanka were shocked by Namibia.

Inspired by a fine all-round display by Jan Frylinck, Namibia claimed a 55-run win over their celebrated opponents at Kardinia Park in Geelong.

Sri Lanka won the T20 World Cup back in 2014 and have been ever presents in the competition – as befits their standing in the game. Namibia, though, showed no interest in bowing to status.

Coincidentally, the two sides met at the same stage of the same event in Abu Dhabi last year. Namibia’s win this time around was every bit as comprehensive as the seven-wicket win their opposition had meted out back then.

The initial exchanges suggested little about what was to follow, as Namibia’s top order were kept in check by the Sri Lankans.

There was much anticipation about the arrival to the crease of David Wiese. And rightly so. The Namibia allrounder has played in three successive T20 World Cups now, the first of which was in the green of South Africa.

He is a franchise cricket star, too, and was a PSL winner with Lahore Qalandars earlier this year.

When he came and went for a first-ball duck, the uninitiated might have feared it was game over.

Associate cricket watchers know well, though, that Namibia are anything but dependent on Wiese.

They were 93 for six midway through the 15th over when he went, but Frylinck and JJ Smit muscled 70 from the remaining 33 deliveries of the innings.

Frylinck was run out off the last ball of the innings, having made 44 from 28 balls. Smit, who was an injury doubt before this tournament, blazed two huge sixes in the 31 not out he made in 16 balls.

Having reached 163 for seven from their 20 overs, Namibia already thought they were in the game. When they then reduced their opposition to 21 for three, they were bossing it.

At that point, Bhanuka Rajapaksa – Sri Lanka’s Asia Cup-final hero, emerged to the biggest cheer of the day so far. But the left-hander only just survived an lbw appeal when facing a hat-trick ball from Ben Shikongo.

Shikongo’s first over in T20 World Cup cricket was a double-wicket maiden. His joy was enhanced shortly after, when he caught Dhananjaya de Silva on the boundary rope off Frylinck’s bowling.

Sri Lanka’s slide from that point was terminal. They managed just 108 before they were bowled out with an over to spare.

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UAE currency: the story behind the money in your pockets
Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

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

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

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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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Updated: October 16, 2022, 11:12 AM