ILT20 final 2024: A clash between 'epic rivals' Dubai Capitals and MI Emirates

Dubai Capitals’ captain Sam Billings has spoken of the “epic rivalry” between his team and MI Emirates ahead of their clash in the DP World ILT20 final.

The first-time finalists will battle it out in the showpiece of the T20 competition's second season at Dubai International Stadium on Saturday.

While MI Emirates were the first team to book their place in the play-offs, Dubai Capitals had to fight their way up the points table in the league stage.

In the eliminator, Capitals beat Abu Dhabi Knight Riders and followed it up with a sensational win against the defending champions Gulf Giants in Qualifier 2.

MI Emirates, on the other hand, sailed through after a smooth victory against the Giants in Qualifier 1.

But the Capitals twice got the better of MI Emirates in the league stage – winning by seven wickets in the first encounter and by 19 runs in the second.

Their skipper Billings, who took over the captaincy from David Warner, said on the eve of the final, which starts at 6.30pm: “This group has it all, and it has been a great group effort. We have been playing some good cricket and we want to keep doing it to win this trophy.

“I could not have done anything with a group of players who have no drive and energy. No doubt there is epic rivalry between Dubai Capitals and MI Emirates. I was part of the final in the previous season, playing for Desert Vipers and the atmosphere was absolutely fantastic with a packed stadium. I am really looking forward to a similar atmosphere here.”

MI Emirates skipper Nicholas Pooran said: “The team is excited and ready for a tough challenge. I am proud of each and every one of our players. The way we have played in this tournament has been brilliant.

“This year we played well in the group stage. What we need to do is control what we can and keep the momentum.”

The winners of the final receive $700,000 while the runners-up get $300,000.

The DP World ILT20 will reward the highest run-getter with a Green Belt and the highest wicket-taker with the White Belt, while the most valuable player will receive the Red Belt. There have been some outstanding performances from the UAE players this season, and to recognise their performance, the best UAE player will receive the Blue Belt. They will also pocket $15,000 each.

Tickets for the final are available online at tickets.ilt20.ae or at all 14 Virgin Megastore outlets across the UAE.

ILT20 final 2023: Gulf Giants v Desert Vipers

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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RESULTS

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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.”

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Scores in brief:

Boost Defenders 205-5 in 20 overs
(Colin Ingram 84 not out, Cameron Delport 36, William Somerville 2-28)
bt Auckland Aces 170 for 5 in 20 overs
(Rob O’Donnell 67 not out, Kyle Abbott 3-21).

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

COMPANY PROFILE

Name: ARDH Collective

Based: Dubai

Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi

Sector: Sustainability

Total funding: Self funded

Number of employees: 4

Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business