England's Harry Brook will be unavailable for IPL 2024. PA
England's Harry Brook will be unavailable for IPL 2024. PA
England's Harry Brook will be unavailable for IPL 2024. PA
England's Harry Brook will be unavailable for IPL 2024. PA

Harry Brook to miss IPL 2024 with question mark over other star names


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England batter Harry Brook has decided to withdraw from IPL 2024 following the death of his grandmother.

The 25-year-old batsman had earlier pulled out of England's recent 4-1 Test series defeat in India after his grandmother fell ill.

“I can confirm that I have made the very difficult decision not to play in the upcoming IPL,” Brook said in a statement. “I was so excited to be picked by Delhi Capitals. While I don't think I should need to share my personal reasons behind this decision, I know there will be many asking why. So I do want to share this.

“I lost my grandmother last month – she was a rock to me and I spent a huge amount of my childhood in her home; my attitude to life and love for cricket was shaped by her and my late grandfather.

“I'm proud that she could collect some of the awards I have won over the last couple of years when I couldn't be there and I know she enjoyed doing that.”

Brook was bought by the Capitals for $480,000 during the latest player auction and was set to be a central figure in the Delhi side that had recently seen the return of star wicketkeeper-batsman Rishabh Pant following his horror car crash in December 2022.

Earlier, fellow England batter Jason Roy had also pulled out of the IPL due to personal reasons. The 33-year-old opener said he needed to be with his family as he had been away since January. He has been replaced in the squad by countryman Phil Salt.

However, there are a few other big names who might prove to be a bit more difficult to replace if they are unavailable.

Kolkata Knight Riders batter Shreyas Iyer is reported to have aggravated a back injury that had plagued him earlier in the year and forced him to be unavailable for the recent Test series against England.

Iyer opted out of returning to domestic cricket for his state team Mumbai. But after receiving instructions from the Indian board, and a fitness clearance, Iyer played the semi-final and final of the first-class Ranji Trophy, where his back issue flared up.

Iyer scored 95 in the final as Mumbai emerged as Ranji champions for the 42nd time. However, he did not take the field after his knock in the second innings.

There is now doubt over his availability for at least the beginning of the IPL.

There is also uncertainty over the fitness of Mumbai Indians batter Suryakumar Yadav as well. He is recovering from hernia operation and might not be available for the opening games.

The IPL begins on March 22 but the fixture dates have been kept flexible due to general elections in the country during the coming months.

Defending champions Chennai Super Kings will face Royal Challengers Bangalore in the opening match.

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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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Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

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The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
Updated: March 14, 2024, 11:41 AM