Netherlands v UAE, Twenty20 International series
Saturday, August 3 - First T20i, Amstelveen
Monday, August 5 – Second T20i, Amstelveen
Tuesday, August 6 – Third T20i, Voorburg
Thursday, August 8 – Fourth T20i, Vooryburg
Shaiman Anwar remains in the UAE’s plans for the global qualifier for the Twenty20 World Cup later this year despite not being selected for this month’s series against Netherlands.
The national team are scheduled to play four 20-over internationals against the Dutch, starting on Saturday in Amstelveen.
The series is part of their preparations for the 14-team tournament in UAE, starting on October 11, which carries with it six places for the main event in Australia next year.
Shaiman, the national team’s most experienced batsman, was a conspicuous absentee when the squad was named for the trip to the Netherlands.
The series coincides with the Global T20 Canada, a franchise event for which a variety of UAE players were recruited.
Although Mohammed Naveed, the UAE captain, as well as Rohan Mustafa, Zahoor Khan and Ghulam Shabber have had to curtail their stay in Canada to return for national team duty, Shaiman was given dispensation to stay on.
The 40-year-old has been opening the batting for Winnipeg Hawks alongside Chris Lynn, the Australian T20 star, in Canada.
On Monday, Shaiman scored 43 in a 48-run opening stand with Lynn, inside five overs, against a side containing the likes of Kieron Pollard and Yuvraj Singh.
“He got a contract to play [in Canada] and we felt it was a good opportunity for him,” Dougie Brown, the UAE coach, said of Shaiman.
“He has been a great servant of UAE cricket over the years, and this is us rewarding him, after he got a chance to earn some decent money towards the back end of his career.
“He is still in the extended squad of players for the World Cup qualifier. If he plays in that, this will have been great experience for him, opening the batting with Chris Lynn.”
Retaining the services of their players in spite of franchise cricket is not something the national team have had to be concerned with much in the past.
However, it will likely happen twice this year. The ongoing clash came about because the Canada competition was rescheduled for this time.
The UAE’s players will also miss out on playing in their own T10 League tournament in Abu Dhabi later this year, as it coincides with the World Cup T20 Qualifier.
Despite the problems of the schedule, Brown says the players will benefit from the increased exposure they are getting in league cricket.
“We have always said we would be open to our players going and playing in franchise cricket,” Brown said.
“It is only fair we allow them that opportunity. Their games will develop from sharing a dressing room and match experiences with some of the best players in the world.
“That is what they are doing. They bring that back to our environment, and we can only benefit from it – no matter if someone does or doesn’t play.
“It is not perfect that they are coming in a couple of days before the first game [against Netherlands], but they are coming from the right type of cricket, really tough cricket, and the same version of the game.”
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHayvn%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EChristopher%20Flinos%2C%20Ahmed%20Ismail%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EAbu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Efinancial%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3Eundisclosed%3Cbr%3E%3Cstrong%3ESize%3A%3C%2Fstrong%3E%2044%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseries%20B%20in%20the%20second%20half%20of%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHilbert%20Capital%2C%20Red%20Acre%20Ventures%3C%2Fp%3E%0A
The UAE squad for the Asian Indoor and Martial Arts Games
The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.
Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.
UAE currency: the story behind the money in your pockets
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.”
Netherlands v UAE, Twenty20 International series
Saturday, August 3 - First T20i, Amstelveen
Monday, August 5 – Second T20i, Amstelveen
Tuesday, August 6 – Third T20i, Voorburg
Thursday, August 8 – Fourth T20i, Vooryburg