UAE and Nepal will clash in a three-match ODI series in Kathmandu this month. Chris Whiteoak / The National
UAE and Nepal will clash in a three-match ODI series in Kathmandu this month. Chris Whiteoak / The National
UAE and Nepal will clash in a three-match ODI series in Kathmandu this month. Chris Whiteoak / The National
UAE and Nepal will clash in a three-match ODI series in Kathmandu this month. Chris Whiteoak / The National

UAE to play three-match ODI series in Nepal this month


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The Emirates Cricket Board on Thursday announced that the UAE team will travel to Nepal this month to take part in a three-match ODI series.

The series will be played at the Tribhuvan University Cricket Ground in Kathmandu. The first clash will take place on November 14, followed by matches on November 16 and 18. All games will commence at 9am local time (7am UAE).

Mubashshir Usmani, general secretary of ECB, said: “Emirates Cricket expresses our appreciation to the Cricket Association of Nepal for hosting this ODI series and we are delighted to participate in what we expect will be thoroughly enjoyable, and compelling matches. Our sides sit close on the ICC ODI table (UAE are ranked 16th and Nepal 19th) so the hunger to climb these rankings, and further establish ourselves as a competitive ODI side is strong.”

Prashant Bikram Malla, secretary, Cricket Association of Nepal, said: “We are delighted to host the UAE v Nepal ODI series 2022 and we are very pleased Emirates Cricket accepted our invitation to join us at TU Cricket Ground, Kathmandu. With the UAE fresh from their T20 World Cup campaign, we believe our sides are perfectly suited to challenge each other and raise the bar as we move into the next phase of the ICC Associates playing-calendar.”

The UAE gave a good account of themselves during the first round of the T20 World Cup in Australia. They fought valiantly against the Netherlands before losing by three wickets with one ball remaining. They then lost to Sri Lanka before registering a memorable win over Namibia.

UAE's T20 World Cup campaign will also be remembered for the hat-trick that Karthik Meiyappan took against Sri Lanka. The young leg-spinner took the fifth hat-trick in the tournament's history in Geelong, dismissing Bhanuka Rajapaksa, Charith Asalanka and Dasun Shanaka in successive deliveries.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

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Updated: November 03, 2022, 10:53 AM