Australia's Steven Smith, right, and Marnus Labuschagne, centre, had a quiet first Test against England. Reuters
Australia's Steven Smith, right, and Marnus Labuschagne, centre, had a quiet first Test against England. Reuters
Australia's Steven Smith, right, and Marnus Labuschagne, centre, had a quiet first Test against England. Reuters
Australia's Steven Smith, right, and Marnus Labuschagne, centre, had a quiet first Test against England. Reuters

Australia confident 'great problem solvers' Smith and Labuschagne will bounce back


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Australia coach Andrew McDonald backed Steve Smith and Marnus Labuschagne to rebound from rare twin failures in the opening Ashes Test, but said it was a positive sign that his team could still win without getting major contributions from them.

The pair mustered only 35 runs between them at Edgbaston, where Australia won by two wickets thanks to a 55-run ninth-wicket partnership between captain Pat Cummins and Nathan Lyon.

McDonald said it was "very rare" for Smith and Labuschagne to misfire in the same Test.

"They're disappointed they missed out in this game, but I think any time the Australian cricket team can win without those two performing at high level is always a positive," he added.

"We've got some areas we can improve, there's some growth within the team and there's two obvious ones."

Labuschagne was dismissed for a first-ball duck and 13 while Smith, who scored 774 runs in the 2019 series, scored a 59-ball 16 in the first innings and six in the second.

McDonald expects the pair to work out their own solutions in net sessions.

  • Australia's captain Pat Cummins celebrates after hitting the winning runs against England on day five of the Ashes first Test at Edgbaston on June 20, 2023. Getty
    Australia's captain Pat Cummins celebrates after hitting the winning runs against England on day five of the Ashes first Test at Edgbaston on June 20, 2023. Getty
  • Pat Cummins of Australia celebrates after beating England. Getty
    Pat Cummins of Australia celebrates after beating England. Getty
  • Pat Cummins of Australia celebrates after hitting the winning runs with teammate Nathan Lyon. Getty
    Pat Cummins of Australia celebrates after hitting the winning runs with teammate Nathan Lyon. Getty
  • England captain Ben Stokes reacts. AP
    England captain Ben Stokes reacts. AP
  • Joe Root of England celebrates with Ben Stokes after catching Alex Carey of Australia off his own bowling. Getty
    Joe Root of England celebrates with Ben Stokes after catching Alex Carey of Australia off his own bowling. Getty
  • England captain Ben Stokes celebrates with teammates after taking the wicket of Australia's Usman Khawaja. PA
    England captain Ben Stokes celebrates with teammates after taking the wicket of Australia's Usman Khawaja. PA
  • Ollie Robinson of England celebrates after taking the wicket of Cameron Green. Getty
    Ollie Robinson of England celebrates after taking the wicket of Cameron Green. Getty
  • Australia's Cameron Green is bowled by Ollie Robinson. AFP
    Australia's Cameron Green is bowled by Ollie Robinson. AFP
  • England's Ollie Robinson celebrates after taking the wicket of Cameron Green. Getty
    England's Ollie Robinson celebrates after taking the wicket of Cameron Green. Getty
  • Australia's Cameron Green is bowled by England's Ollie Robinson during day five of the first Ashes test match at Edgbaston, Birmingham. Picture date: Tuesday June 20, 2023. PA Photo. See PA story CRICKET England. Photo credit should read: Mike Egerton/PA Wire. RESTRICTIONS: Editorial use only. No commercial use without prior written consent of the ECB. Still image use only. No moving images to emulate broadcast. No removing or obscuring of sponsor logos.
    Australia's Cameron Green is bowled by England's Ollie Robinson during day five of the first Ashes test match at Edgbaston, Birmingham. Picture date: Tuesday June 20, 2023. PA Photo. See PA story CRICKET England. Photo credit should read: Mike Egerton/PA Wire. RESTRICTIONS: Editorial use only. No commercial use without prior written consent of the ECB. Still image use only. No moving images to emulate broadcast. No removing or obscuring of sponsor logos.
  • Moeen Ali of England celebrates with Ben Stokes after taking the wicket of Travis Head. Getty
    Moeen Ali of England celebrates with Ben Stokes after taking the wicket of Travis Head. Getty
  • England's Moeen Ali celebrates after dismissing Australia's Travis Head. AP
    England's Moeen Ali celebrates after dismissing Australia's Travis Head. AP
  • England's Stuart Broad celebrates after taking the wicket of Australia's Scott Boland on day five of the first Ashes Test match at Edgbaston on June 20, 2023. PA
    England's Stuart Broad celebrates after taking the wicket of Australia's Scott Boland on day five of the first Ashes Test match at Edgbaston on June 20, 2023. PA
  • Australia's Scott Boland after being dismissed by England's Stuart Broad. PA
    Australia's Scott Boland after being dismissed by England's Stuart Broad. PA
  • Australia's Scott Boland ducks under a short ball. AFP
    Australia's Scott Boland ducks under a short ball. AFP
  • Travis Head of Australia hits out. Getty
    Travis Head of Australia hits out. Getty

"I think there's always a curiosity to get better, so we're not going to stall that in any way. They'll come up with different plans, different movements," he said.

"They've seen what England are going to do and how they're going to attack them. They're probably two of the greatest problem solvers we've had over a period of time so you would expect them to go back to the drawing board."

The second Test of the five-match series begins at Lord's on June 28.

Meanwhile, England coach Brendon McCullum said the opening Ashes Test "validated" their attacking approach despite the two-wicket defeat.

England were in the driver's seat for much of the match but Australia's often cautious approach prevailed in the end.

It was England's third defeat in 14 Tests since McCullum joined captain Ben Stokes at the helm last May.

"Obviously you'd rather have won the game, but the way that we played, I think it's validated our style," McCullum said. "If we'd have got a little bit of the rub of the green then we might have been on the other side of it.

"It was a cracking Test match and two very different styles of play. But like a heavyweight boxing match, not everyone has to fight the same.

"I'm sure they (Australia) will stick solid to that strategy all the way through, which I think is great because we'll go a little harder. I think it makes for a really entertaining next few Test matches."

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

INFO

Everton 0

Arsenal 0

Man of the Match: Djibril Sidibe (Everton)

Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

Group B: Bangladesh, Serbia, Korea

Group C: Bharat, Denmark, Kenya, USA

Group D: Oman, Austria, Rwanda

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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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EXPATS
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The biog

Prefers vegetables and fish to meat and would choose salad over pizza

Walks daily as part of regular exercise routine 

France is her favourite country to visit

Has written books and manuals on women’s education, first aid and health for the family

Family: Husband, three sons and a daughter

Fathiya Nadhari's instructions to her children was to give back to the country

The children worked as young volunteers in social, education and health campaigns

Her motto is to never stop working for the country

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

UAE currency: the story behind the money in your pockets
The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

Warlight,
Michael Ondaatje, Knopf 

Indian origin executives leading top technology firms

Sundar Pichai

Chief executive, Google and Alphabet

Satya Nadella

Chief executive, Microsoft

Ajaypal Singh Banga

President and chief executive, Mastercard

Shantanu Narayen

Chief executive, chairman, and president, Adobe

Indra Nooyi  

Board of directors, Amazon and former chief executive, PepsiCo

 

 

Updated: June 22, 2023, 4:02 PM