India captain Rohit Sharma lashed out when asked about criticism of his form and captaincy, insisting on Wednesday he was fully focused on the upcoming ODI series against England and the Champions Trophy.
Under Rohit's leadership the Test side lost 3-0 at home to New Zealand and suffered a 3-1 defeat by Australia which ended their decade-long hold on the Border Gavaskar Trophy – but the 37-year-old ruled out retirement despite a prolonged run of poor form.
He stepped away from Twenty20 international cricket following India's World Cup triumph last year, but said he would not comment on media reports suggesting he might end his ODI career after the Champions Trophy.
"How is it relevant that I talk about my future plans here when we have three ODIs and the Champions Trophy coming up? The reports have been going on for a number of years," Rohit said.
"I'm not here to clarify them. For me right now, these three games and then the Champions Trophy are very important. My focus is on these games, we'll see what happens after that."
India did receive a boost as T20 captain Suryakumar Yadav guided them to a dominant 4-1 T20 series win over England.
Asked if he could return to the shorter format in which he can be devastating, Rohit appeared irritated by the line of questioning before Thursday's opening ODI in Nagpur.
"What kind of a question is that? This is a different format, a different time. As cricketers, we know there will be ups and downs and I've faced a lot in my career, so this is nothing new to me," he added.
"Every day is a fresh day, every series is a fresh series. So yeah, I'm looking forward to the challenge. I'm not looking at what has happened in the past.
"A lot of good things have happened as well. It's important I focus on what is coming up and what lies ahead for me. It's as simple as that. I'll look to start the series on a high and let's see what happens."
Rohit said India were awaiting news on Jasprit Bumrah ahead of the Champions Trophy, starting on February 19, as the pace spearhead recovers from a back injury sustained in the final Test against Australia in January. India will play their three group games in Dubai.
Cummins 'heavily unlikely' for Champions Trophy
Australia captain Pat Cummins seems certain to miss the Champions Trophy, while fellow pacer Josh Hazlewood is also a doubt for the ODI tournament, coach Andrew McDonald said on Wednesday.
Cummins missed the Test series in Sri Lanka due to the birth of his second child but has been troubled by an ongoing ankle injury.
"Pat Cummins hasn't been able to resume any type of bowling so he's heavily unlikely," McDonald told Australian radio station SEN. "So that would mean that we do need a captain. Steve Smith and Travis Head are the two that we've been having conversations with while we've been building out that Champions Trophy team."
Hazlewood missed three of the five India Tests and the Sri Lanka tour with side and calf injuries. McDonald said he was battling to be fit and a decision would be made in the coming days.
All-rounder Mitchell Marsh has already been ruled out of the Champions Trophy with a back injury.
More on animal trafficking
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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.”
FIRST TEST SCORES
England 458
South Africa 361 & 119 (36.4 overs)
England won by 211 runs and lead series 1-0
Player of the match: Moeen Ali (England)
Company%20profile
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UAE currency: the story behind the money in your pockets
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
MATCH INFO
Everton 2 Southampton 1
Everton: Walcott (15'), Richarlison (31' )
Southampton: Ings (54')
Man of the match: Theo Walcott (Everton)
FIXTURES
Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)
Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)
Friday, February 1
Final, Zayed Sports City Stadium (6pm)
Getting%20there%20
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BIG SPENDERS
Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.