Whatever the standard of cricket being played, the red stripe emblazoned down the front or back of a bowlers’ trousers is worn like a badge of honour all summer long.
For the likes of Jasprit Bumrah, Pat Cummins or Jofra Archer performing in the Test arena, the bright streak is inevitable during days spent in the field, and the hundreds of occasions that they plod back to the beginning of their long approach.
For children trying to emulate their heroes, it is a sign that they are serious about their game – and a claim that they know what they are doing.
During a match that is just 10 or 20 overs long, you’ll often see a 12-year-old frantically rubbing the ball in an effort to exercise that extra notch of non-existent swing that simply cannot be found from a 60kph ankle-grubber of a delivery.
And for the club cricketer, it is often a sign of the star bowler. Certainly in English conditions it is one of those nagging medium pacers who opens up from one end, and continues bowling unchanged, albeit off an ever-shortening run-up, to the conclusion of the innings, and will then lead his teammates off the field with closing figures of 23-7-45-5 or similar.
Meanwhile, those who turn up with the previous weekend’s red-stripe slacks are quickly the target for some typical sportsman banter: “Washing machine broken?”
Such trouser tales could however be a thing of the past thanks to the coronavirus pandemic.
Among the many strands of sporting life that is set for change is the cricketing oddity of rubbing the ball on one’s trousers. For those not in the know, it is done to make one side of the ball shiny so that it swings in the air as it approaches the batsman.
Spit is applied to the ball, or sweat during the months when it is warm enough to obtain, and then the rubbing begins.
The health concerns from cricket’s authorities, and players, is understandable during these times given the ever-rising death toll around the world.
As it stands, the decision-makers at the International Cricket Council are yet to make any concrete calls, although in Australia, the Australian Institute of Sport (AIS)’s protocols for the return of sport in the country specifically rule out the use of saliva and spit to shine the ball.
A potential solution has arisen from Australian equipment manufacturer Kookaburra, which is developing a wax applicator that could minimise the risk of coronavirus transmission.
The innovation involves applying wax to the ball via a sponge – a move which would go against the current laws that prevent using artificial substances on the ball.
"This could be available within a month,” Kookaburra group managing director of the brand, Brett Elliott, told PA News recently. “However, it has yet to be tested in a match conditions as the ability to complete real trial matches at the moment is inhibited.
"It may not be something we need to make forever, it's designed to get cricket back and give administrators time to make decisions. Nobody was calling out for this 12 months ago so maybe it is more of an interim measure."
The ramifications on cricket could go well beyond not needing to urgently wash the cricket whites the night before a match.
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25 of the most beautiful cricket stadiums in the world
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Administrators will be pondering rulings such as how much wax can be used, how many times it can be applied, who applies it and whether the amount differs depending on the format of the match?
Then there is the potential effect on the behaviour of the ball to consider.
Would it swing more with the aid of an artificial substance? Or would it nullify the threat of the game’s great swing bowlers such as James Anderson. How will reverse swing function as the ball gets older?
It could be a leveller for bowlers who have suffered so much in modern times against batsmen using ever-bigger and more powerful bats.
But, should the ball swing more, would the achievements of the wax-era bowlers then be diluted compared to their predecessors? Another 100 Test match wickets from Anderson may be felt as an easy ride and in turn raise the admiration of pre-wax swingers such as Wasim Akram.
It is an argument along the lines of the pre and post covered pitches periods – and one that will hopefully only be short-lived.
Australia’s Cummins has already voiced his concerns at the prospect of playing without any form of shining.
“Why everyone loves Test cricket is because it has so much art to it. You have swing bowlers, spinners, you have all these different aspects that make test cricket what it is,” he said in an interview with his IPL team, the Kolkata Knight Riders.
“I think if you can’t shine the ball, that takes away swing bowling, that takes away reverse swing bowling and I just don’t want to give batsmen another reason to score runs.”
Cricket, though, has shown it is able to move with the times. The days of buckle-up pads and umpires trusted to make the final decision out in the middle are fading memories. Technology has moved in both on and off the pitch.
But aside from concerns over the appeal of the Test format, it has and continues to evolve to provide entertainment.
If it means that people around the world can get back out and play the sport, then a period of less or extra swing will be a minor compromise.
“Can I have the wax please, umpire?”
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.”
Abramovich London
A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.
A three-storey penthouse at Chelsea Waterfront bought for £22 million.
Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.
Sale of Chelsea Football Club is now impossible.
Calls
Directed by: Fede Alvarez
Starring: Pedro Pascal, Karen Gillian, Aaron Taylor-Johnson
4/5
UAE currency: the story behind the money in your pockets
The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Global Fungi Facts
• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Company%20profile
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Qosty Byogaani
Starring: Hani Razmzi, Maya Nasir and Hassan Hosny
Four stars
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Global state-owned investor ranking by size
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United States
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China
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UAE
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Japan
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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SERIE A FIXTURES
All times UAE ( 4 GMT)
Saturday
Roma v Udinese (5pm)
SPAL v Napoli (8pm)
Juventus v Torino (10.45pm)
Sunday
Sampdoria v AC Milan (2.30pm)
Inter Milan v Genoa (5pm)
Crotone v Benevento (5pm)
Verona v Lazio (5pm)
Cagliari v Chievo (5pm)
Sassuolo v Bologna (8pm)
Fiorentina v Atalanta (10.45pm)