Muhammad Waseem prepared for a momentous final day of Cricket World Cup League 2 by playing arguably the most extraordinary innings in UAE’s one-day international history.
The national team’s captain brought his T20 prowess to bear in the longer of the limited-overs formats for the first time, with a stunning assault against Papua New Guinea in Kathmandu.
Waseem has already made two T20I centuries in his brief career to date, but had only passed 50 twice in 29 innings in the 50-over game before this one.
PNG, who had won their last three encounters with the national side, were the ones to bear the brunt as Waseem finally brought his T20 domination to bear in 50 overs.
The opener blazed 12 sixes in his innings of 119 from 76 balls. At one stage it appeared as if he might be set to break Eoin Morgan's record for most sixes in an ODI innings of 17.
Waseem's innings set his side up for a morale-boosting six-wicket win in their penultimate game in the competition.
He reached three figures off the 61st ball he faced. That was the fastest ODI century by a UAE player, breaking the 69-ball record of Vriitya Aravind – who was batting at the other end when Waseem achieved his milestone.
Waseem's final score was the third highest by a UAE player in the format, with only Khurram Khan (132 not out) and Rameez Shahzad (121 not out) having made more in the past.
Earlier in the day, Hazrat Bilal took four wickets as UAE restricted PNG to 234-7 from their 50 overs. Waseem's blitz at the top of the innings helped the national team reach the target with six wickets, and 68 balls, in hand.
"I had never taken 29 innings [to make a century] before and I was sad about this, but Alhamdulillah I did this today for my team," Waseem said.
"To be honest, I have to play my natural game. I am an opener and if I can get us off to a good start, and we can get 60 or 70 in the first 10 overs, it is good for my team.
"If I am there at the wicket, I will always try to play my natural game at the start of the innings. I just tried my best."
After three and a half years of competition, the last match of League 2 will take place on Thursday. Although UAE’s own fate is already sealed, there remains much riding on the final fixture. The tourists could yet be the ultimate party-poopers.
The national team are already guaranteed to play at the World Cup Qualifier Play-off in Namibia, starting later this month. If they beat Nepal on the final day, they will be joining them in Windhoek.
If the home side win, though, they will advance directly to the global Qualifier in Zimbabwe in the summer.
The stakes have sent the home supporters into a frenzy. As many as 20,000 are expected to pack into the Tribhuvan University ground, with potentially thousands more watching on from various vantage points – including being perched in trees – beyond the barbed wire fences.
"We don't care about audience or the crowd," Waseem said.
"We have already played in front of this crowd. We will try to play our best cricket and finish with a win.
"If I can play the same as I did today, if I do that tomorrow it will be good for my team."
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Scoreline
Arsenal 0 Manchester City 3
- Agüero 18'
- Kompany 58'
- Silva 65'
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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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.
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.