South Africa's Keshav Maharaj scored 72 against India. AFP
South Africa's Keshav Maharaj scored 72 against India. AFP
South Africa's Keshav Maharaj scored 72 against India. AFP
South Africa's Keshav Maharaj scored 72 against India. AFP

Keshav Maharaj breaks the pain barrier to give South Africa belief against India in Pune Test


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South Africa put up a brave fight on the third day of the second Test against India before being bowled out close to stumps in Pune on Saturday.

Left-arm spinner Keshav Maharaj, batting at No 10, battled pain as he kept the hosts at bay with a decisive half century.

After the South Africans were reduced to 139-7, it seemed like the No1 Test side would run all over the Proteas.

But the South Africans pushed the score to 275, with Maharaj and Vernon Philander showing great fight.

Maharaj made 72 with an injured shoulder, while seamer Philander remained unbeaten on 44. The two added 109 for the ninth wicket to frustrate the Indians.

"It's (shoulder) very sore. Yesterday I dived on it so lot of bruising. But hopefully I'll be fine for the rest of the series," Maharaj was quoted as saying by AFP.

"Vernon and I said to ourselves that we'll just get through to tea and see after that. Being a lower order batsman your fingers do itch to play a big shot but Vernon kept me in a good mind space.

"After a few pulls I felt normal (in the shoulder). It's better to be positive, because if you go into your shell a ball with your name will come along sooner or later."

Off-spinner Ravichandran Ashwin broke the stand and then dismissed Kagiso Rabada, finishing with figures of 4-69. Fast bowler Umesh Yadav took 3-37.

The Proteas, who resumed on 36-3, slipped to 162-8 after captain Faf du Plessis edged Ashwin to first slip.

Fast bowler Mohammed Shami struck early to remove nightwatchman Anrich Nortje for three when he edged a delivery to Virat Kohli at fourth slip. Theunis de Bruyn was caught behind off Yadav for 30 as the tourists slipped to 53-5.

Wicketkeeper-batsman Quinton de Kock put on a 75-run fourth wicket stand with du Plessis before Ashwin bowled the keeper for 31 of a superb delivery that beat his defence to hit the stumps.

Kohli had earlier hit a career-best 254 not out to surpass Don Bradman's Test tally of 6,996 runs on Friday as India tightened the screws on the tourists.

A victory for India, already one up in the three Tests, will see them beat the record of 10 straight home series wins they share with Australia.

Security guards detain a fan after he entered the ground to meet Rohit Sharma. AFP
Security guards detain a fan after he entered the ground to meet Rohit Sharma. AFP

Security breach 

Former India captain Sunil Gavaskar raised questions about the security arrangements at the MCA Stadium in Pune after a fan entered the playing field and managed to reach the wicket.

On the third day of the Test, the fan managed to breach the security cover before going up to India batsman Rohit Sharma, who took a fall as the spectator ran up to him.

Gavaskar, who was on commentary duty at that time, said it could have been a lot worse.

"These incidents happen because the security staff are not watching the crowd but are watching the match. This has been a perennial problem in India. The security is not there to watch the match for free. They are there to stop such interruptions from happening," Gavaskar said.

"I say put the camera on the security and check whether they are watching the match or the crowd. This is a dangerous security issue which is what you are there for, to make sure no one goes into the ground. Anyone can cause damage to a player. It has happened in the past, why take a chance," he added.

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  • Source: Can be carried from distant regions

Profile of Udrive

Date started: March 2016

Founder: Hasib Khan

Based: Dubai

Employees: 40

Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.

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Tax authority targets shisha levy evasion

The Federal Tax Authority will track shisha imports with electronic markers to protect customers and ensure levies have been paid.

Khalid Ali Al Bustani, director of the tax authority, on Sunday said the move is to "prevent tax evasion and support the authority’s tax collection efforts".

The scheme’s first phase, which came into effect on 1st January, 2019, covers all types of imported and domestically produced and distributed cigarettes. As of May 1, importing any type of cigarettes without the digital marks will be prohibited.

He said the latest phase will see imported and locally produced shisha tobacco tracked by the final quarter of this year.

"The FTA also maintains ongoing communication with concerned companies, to help them adapt their systems to meet our requirements and coordinate between all parties involved," he said.

As with cigarettes, shisha was hit with a 100 per cent tax in October 2017, though manufacturers and cafes absorbed some of the costs to prevent prices doubling.

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Brescia 1 (Skrinia og, 76)

Inter Milan 2 (Martinez 33, Lukaku 63)

 

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The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

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Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press 

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The Land between Two Rivers: Writing in an Age of Refugees
Tom Sleigh, Graywolf Press

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UAE currency: the story behind the money in your pockets
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

MATCH INFO

Manchester City 4 (Gundogan 8' (P), Bernardo Silva 19', Jesus 72', 75')

Fulham 0

Red cards: Tim Ream (Fulham)

Man of the Match: Gabriel Jesus (Manchester City)

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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Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

England v South Africa schedule
  • First Test: Starts Thursday, Lord's, 2pm (UAE)
  • Second Test: July 14-18, Trent Bridge, Nottingham, 2pm
  • Third Test: The Oval, London, July 27-31, 2pm
  • Fourth Test: Old Trafford, Manchester, August 4-8
EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

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