• Multan Sultans' Mohammad Rizwan plays a shot against Quetta Gladiators during the Pakistan Super League match at the National Stadium in Karachi on March 3, 2021. All photos AFP
    Multan Sultans' Mohammad Rizwan plays a shot against Quetta Gladiators during the Pakistan Super League match at the National Stadium in Karachi on March 3, 2021. All photos AFP
  • Quetta Gladiators' Usman Khan plays a shot against Multan Sultans. AFP
    Quetta Gladiators' Usman Khan plays a shot against Multan Sultans. AFP
  • Quetta Gladiators' Mohammad Hasnain celebrates after taking the wicket of Multan Sultans' Carlos Brathwaite. AFP
    Quetta Gladiators' Mohammad Hasnain celebrates after taking the wicket of Multan Sultans' Carlos Brathwaite. AFP
  • Quetta Gladiators' Ben Cutting drops a catch off Multan Sultans' Imran Tahir.
    Quetta Gladiators' Ben Cutting drops a catch off Multan Sultans' Imran Tahir.
  • Karachi Kings' Abbas Afridi celebrates with teammates the wicket of Peshawar Zalmi's Tom Kohler-Cadmore at the National Stadium in Karachi on March 3, 2021.
    Karachi Kings' Abbas Afridi celebrates with teammates the wicket of Peshawar Zalmi's Tom Kohler-Cadmore at the National Stadium in Karachi on March 3, 2021.
  • Karachi Kings celebrate the wicket of Peshawar Zalmi's Tom Kohler-Cadmore.
    Karachi Kings celebrate the wicket of Peshawar Zalmi's Tom Kohler-Cadmore.
  • Karachi Kings' Abbas Afridi takes a catch off Peshawar Zalmi's Haider Ali.
    Karachi Kings' Abbas Afridi takes a catch off Peshawar Zalmi's Haider Ali.
  • Peshawar Zalmi's Ravi Bopara plays a shot.
    Peshawar Zalmi's Ravi Bopara plays a shot.
  • Karachi Kings' Babar Azam plays a shot.
    Karachi Kings' Babar Azam plays a shot.
  • Karachi Kings' Babar Azam and Daniel Christian celebrates after winning their Pakistan Super League match against Peshawar Zalmi.
    Karachi Kings' Babar Azam and Daniel Christian celebrates after winning their Pakistan Super League match against Peshawar Zalmi.

PSL organisers in a race against time to get Abu Dhabi leg under way


Paul Radley
  • English
  • Arabic

Pakistan Super League organisers remain hopeful the tournament can be played to a conclusion in Abu Dhabi this month, even though a number of logistical issues still need to be solved.

The Pakistan Cricket Board met with owners of the six franchises online on Tuesday to discuss the possibility of restarting the competition on June 7.

The PCB have put back the departure of the national team players for their tour of the UK to June 25, rather than June 23, in a bid to complete the PSL season.

The final of the tournament is now earmarked for Thursday, June 24, rather than June 20 as planned.

However, the restart date appears to be dependent on the availability of 16 production company crew, who are in isolation in Dubai.

According to the organisers, the National Crisis and Emergency Management Authority will “decide on Wednesday afternoon if they will grant exemptions to 16 production crew to work in Abu Dhabi from June 5 to make a June 7 start possible”.

The seven-day isolation for those who arrived on charter flights from Karachi and Lahore – which constitutes the majority of tournament personnel – ends on Wednesday afternoon.

Sarfaraz Ahmed, meanwhile, is among six players whose arrival in the UAE was initially delayed, but has now made it to the capital.

Twenty matches are still to be played, after the competition was suspended at the start of March due to a number of positive Covid cases within the teams.
The remaining fixtures were rescheduled for June, and relocated to the UAE capital because of the Covid situation back in Pakistan.

Despite the challenges, the teams remain focused on pressing ahead with preparations for the restart.

Islamabad United and Lahore Qalandars will be the first sides to train at the Zayed Cricket Stadium, on Wednesday evening.

There has also been a personnel change for Multan Sultans, with Blessing Muzarabani, the fast bowler who excelled in international matches for Zimbabwe against Afghanistan in Abu Dhabi earlier this year, replacing Obed McCoy of West Indies.

At the point the tournament paused back in March, four teams were tied on six points at the top of the table.

Karachi Kings lead the standings on net run rate, ahead of Peshawar Zalmi, Islamabad and Lahore.

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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

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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.”

MATCH INFO

Manchester United v Manchester City, Wednesday, 11pm (UAE)

Match is on BeIN Sports

Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix

GP3 qualifying, 10:15am

Formula 2, practice 11:30am

Formula 1, first practice, 1pm

GP3 qualifying session, 3.10pm

Formula 1 second practice, 5pm

Formula 2 qualifying, 7pm

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Uefa Champions League play-off

First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev

Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax

MWTC info

Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.

Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

Specs

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Price: On request

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5