Should Nepal be the next side to be granted access to international cricket’s elite club of leading nations?
In isolation, the 2023 Asia Cup group stage might count against them. It would be incorrect to say their performances at the competition demanded consideration for their elevation.
Far from it. Hefty losses against Pakistan and India showed there is a vast gap for them to bridge.
There was enough in each game to provide reasons for optimism, though. Their start with the ball against Pakistan was bright, before they were let down by lapses in the field that were uncharacteristic of a side who are usually electric in that department.
Then they were blown away by a bowling attack comprising Shaheen Afridi, Naseem Shah, Haris Rauf and Shadab Khan. No crime there. That quartet is high class, each of them a world XI contender on their own, and collectively irresistible.
In their second match, Nepal’s batters deserved credit for lasting longer against India’s bowlers, even if it was a curiously insipid and downbeat display in the field by Rohit Sharma’s side.
Defending 230 was never likely to be easy, while a chase reduced by weather almost always favours the side batting second. Given their batting riches, India hardly required that extra advantage.
Sharma and Shubman Gill proceeded to savage Nepal’s bowlers, to the tune of a 10-wicket win. But, as with the sentiment about Pakistan’s bowling attack, there is no disgrace there. Sharma and Gill have done that to eminently more experienced bowlers before and will do so again.
But it is fair to say Nepal’s debut captured the attention in a way rarely experienced before by the qualifying side in the Asia Cup.
That side – whoever they may be – are always on a hiding to nothing, pitted in a group with the might of India and Pakistan, as the organisers do their best to ensure the fixture between those two rivals is perpetuated. The reasons for that are so clearly commercial, rather than competitive.
Between them, the UAE, Hong Kong, and now Nepal have played 12 matches in Asia Cups. They have yet to claim a win.
Not that Associate nations have been entirely without success in the competition. In fact, a win on that stage is usually a portent for bigger things to follow.
Afghanistan beat Bangladesh at the 2014 tournament. Within three years they had been accepted into the Test elite. Now they play at every Asia Cup by right as a result.
Is anyone equipped to follow the Afghans? It feels as though both neutral supporters and cricket’s administrators want Nepal to progress because of the voracious following for the game there.
In a disappointingly sparse crowd in Pallekele, Nepal’s supporters far outnumbered their Indian counterparts. They were a vivid presence both in the city of Kandy before the game, plus on the banks beyond the boundary once it had started.
They were even well represented in the stands at Multan, despite the fact that is not a very accessible venue for supporters travelling from Nepal.
Further, home support for Nepal in Kathmandu has been noted the world over. Wasim Akram, ahead of the Asia Cup, described the passion for the game in the country as “humongous”. Aakash Chopra termed it “unparalleled”.
Yet if Nepal are about to forward their case for acceptance higher up, their peers in continental competition might be minded to say: join the queue.
Oman are arguably the leading Asian side from beyond the Test elite at present, certainly in ODIs. Their runner-up finish in Cricket World Cup League 2, followed by their advance to the knockout phase of the World Cup Qualifier in Zimbabwe, attests to that.
Their facilities might be limited to one site in Al Amerat near Muscat, but they are of the highest spec possible.
Whether their national team’s rate of success is sustainable is unclear. It might well be, but a side who have charged through the ranks of international cricket over the past year are growing old together.
It is impossible to say what will follow the likes of Bilal Khan and Co. Maybe, as with Nepal and potentially the UAE, there is a generation of players ready to take over and improve on what went before them. We won’t know until those players are phased in.
Then there is the case of the UAE, a side who have started the process of rebuilding and have already shown great signs of promise. They have taken a number of wins off full Test nations, thanks in part to the number of opportunities the Emirates Cricket Board has afforded the team to face just such opposition.
The UAE has the best stadia of any non-Test nation – and would be the envy of many in the mainstream, too.
There is also a huge following for the sport in the country, if not necessarily the national team itself.
If there is not one side making an unambiguous claim for elevation then that might be a positive. The strength of Asian competition beneath the elite can help each of the aspiring sides on to bigger and better things.
Match info
Uefa Champions League Group H
Juventus v Valencia, Tuesday, midnight (UAE)
Florida: The critical Sunshine State
Though mostly conservative, Florida is usually always “close” in presidential elections. In most elections, the candidate that wins the Sunshine State almost always wins the election, as evidenced in 2016 when Trump took Florida, a state which has not had a democratic governor since 1991.
Joe Biden’s campaign has spent $100 million there to turn things around, understandable given the state’s crucial 29 electoral votes.
In 2016, Mr Trump’s democratic rival Hillary Clinton paid frequent visits to Florida though analysts concluded that she failed to appeal towards middle-class voters, whom Barack Obama won over in the previous election.
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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Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
The five pillars of Islam
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Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Honeymoonish
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The specs
Engine: 6.2-litre V8
Transmission: ten-speed
Power: 420bhp
Torque: 624Nm
Price: Dh325,125
On sale: Now
Results
2.30pm: Expo 2020 Dubai – Conditions (PA) Dh80,000 (Dirt) 1,600m; Winner: Barakka, Ray Dawson (jockey), Ahmad bin Harmash (trainer)
3.05pm: Now Or Never – Maiden (TB) Dh82,500 (Turf) 1,600m; Winner: One Idea, Andrea Atzeni, Doug Watson
3.40pm: This Is Our Time – Handicap (TB) Dh82,500 (D) 1,600m; Winner: Perfect Balance, Tadhg O’Shea, Bhupat Seemar
4.15pm: Visit Expo 2020 – Handicap (TB) Dh87,500 (T) 1,600m; Winner: Kaheall, Richard Mullen, Salem bin Ghadayer
4.50pm: The World In One Place – Handicap (TB) Dh95,000 (T) 1.900m; Winner: Castlebar, Adrie de Vries, Helal Al Alawi
5.25pm: Vision – Handicap (TB) Dh95,000 (D) 1,200m; Winner: Shanty Star, Richard Mullen, Rashed Bouresly
6pm: Al Wasl Plaza – Handicap (TB) Dh95,000 (T) 1,200m; Winner: Jadwal, Dane O’Neill, Doug Watson
Points about the fast fashion industry Celine Hajjar wants everyone to know
- Fast fashion is responsible for up to 10 per cent of global carbon emissions
- Fast fashion is responsible for 24 per cent of the world's insecticides
- Synthetic fibres that make up the average garment can take hundreds of years to biodegrade
- Fast fashion labour workers make 80 per cent less than the required salary to live
- 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
- Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
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