Playing in front of a crowd numbering in the thousands and a TV audience in the millions could be enough to spook a young, uncapped cricketer.
Perhaps it was fortunate then, that Ashwanth Valthapa was entirely unsuspecting when just such a scenario played out for him in the first DP World International League T20 playoff.
The 21-year-old wicketkeeper was, after all, out of the Gulf Giants starting XI and the game against Desert Vipers was already well under way.
At which point, Tom Banton, the Giants keeper, was forced off the field by a finger injury, meaning Valthapa had to take up the cudgels in an emergency.
“I came to the ground an hour earlier, which I usually do when I’m not playing the game, and do a lot of keeping work,” Valthapa said.
“This time, I went to my max. I was very tired after it, so I was taking a rest for the first six overs. Then I heard someone say, ‘Bants might be out, just be ready’.
“My legs were a bit sore to start off with, but the first catch [to dismiss Wanindu Hasaranga] got me going.”
Fortunately for Valthapa, who has played age-group cricket for the UAE but has yet to feature at senior level, there was no time to get nervous.
“It was good that everything happened so quickly, because it meant I didn’t pay attention to a lot of things,” the Dubai-based student said.
“I started at the end where there was the big crowd, and I actually couldn’t hear a thing. As I had never played in front of a crowd of that size before, it was a surprise it didn’t distract me that much.”
Valthapa had played one game earlier in the ILT20, but only a low-key league game in front of a paltry crowd. Now he may be pressed into action permanently at the most vital stage of the competition.
Ollie Pope started the tournament behind the stumps for the Giants, but is now in New Zealand with England’s Test squad.
If Banton does not recover from his injury, Valthapa will be handed the gloves for Friday evening’s last chance qualifier in Dubai. The youngster says he is prepared.
“Andy [Flower, the Giants coach] spoke to me and said a lot of tournaments he has been in, someone’s first game is actually the final, so I have to be ready,” Valthapa said.
“I am pretty sure Bants should be fine, but if he isn’t, Pope is not here and I am the second keeper, and I am ready to take it on.”
The Chennai-born keeper has been itching for a shot at the big stage for some while now. His appetite only grew after seeing his close friend, Karthik Meiyappan, excel at the T20 World Cup for UAE in October.
Meiyappan, who was a peer of Valthapa’s at age-group level, took a hat-trick against Sri Lanka in that competition, but injury has meant he has been rarely spotted in the time since.
“When I was picked for the first time for the UAE [to tour Nepal last November], two days before we were due to tour he twisted his ankle at a practice session,” he said.
“Even more than him, I was thinking, ‘He is not coming to Nepal with me.’ We are very close, and we sit and talk about cricket 24/7.
“I don’t tell him this, because his ego flies around, but it is very inspiring to see him do well. It pushes me more.
“We try to help each other as much as we can. Because I keep, I can keep to his bowling when we practice. His injury is improving better than expected, so everything is going well.”
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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.”
The Little Things
Directed by: John Lee Hancock
Starring: Denzel Washington, Rami Malek, Jared Leto
Four stars
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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UAE currency: the story behind the money in your pockets
THE BIO
Favourite author - Paulo Coelho
Favourite holiday destination - Cuba
New York Times or Jordan Times? NYT is a school and JT was my practice field
Role model - My Grandfather
Dream interviewee - Che Guevara
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Mohammed bin Zayed Majlis
ON%20TRACK
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Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE