Mahendra Singh Dhoni expects Australia to come back fighting in the third Test.
Mahendra Singh Dhoni expects Australia to come back fighting in the third Test.

Dhoni and Warne expect Australia to come back hard



MOHALI // The stand-in captain Mahendra Singh Dhoni has rated India's win in the second Test against Australia as one of the best in the country's history. "We were up to the mark in all departments of the game," he said. "Nothing went wrong and we would like to be in this position more often, but that's hard. I guess credit goes to all the players and our support staff. I thought they were brilliant too."

Despite the apparent ease of victory, Dhoni warned his side against over-confidence against an Australia team India have not beaten in a series since 2001. "They have just had a few bad games and that does not take anything away from them," he said. "You can't say they have lost the edge; they still have the potential and they have a talented side. And they are still the No 1." While papers in Australia rooted for the leg-spinner Shane Warne to come back, the leggie himself was hopeful of a comeback from his former teammates.

"India were fantastic," Warne said. "I thought their bowling was outstanding, their batting was good, and their tactics were good. They just generally outplayed Australia. But I'm sure they'll bounce back." Australia's defeat is likely toadd weight to claims that the world champions are a declining force in international cricket. The Australians fielded their third debutant in as many Tests when Peter Siddle earned his first cap in a team that contained four players with fewer than five Tests to their name.

The Australian newspaper commented: "The colossus which strode world cricket largely unchallenged for more than a decade is no longer. India is treating it in the same way that it confronted the West Indies to claim the world crown in 1995." The Daily Telegraph wrote: "It's time to send an SOS to SKW [Shane Warne]. There's no polite way to spin this. Australian cricket needs a helping hand. Stocks of quality front-line bowlers are low. We don't have a spinner worthy of the title."

Despite that, Warne remains confident of Australia's ability to dominate world cricket and even suggested they could replicate the 5-0 whitewash of England he help inspire in his final Test series when the teams resume hostilities next year. "If England lose a couple of series leading up to the Ashes then I think that Australia will win convincingly, probably 5-0," said Warne. "But if England start to win like they did before the 2005 Ashes series then I think we could be in for one hell of a series."

Ponting said: "We were outplayed in this game, its as simple as that. It is just a mindset thing and tidying up little aspects of the game." Ponting also poured cold water on talk of a rift between himself and fast bowler Brett Lee. An animated on-pitch conversation invloving the two players and led to speculation of ill-feeling between the pair. "I made Brett aware last night that he wasn't going to bowl first thing in the morning. It had all to do with wanting to take the pace off the ball early.

"India were on top at that stage and scoring runs quickly and our over-rate had dropped. Hence the reason for Mike Hussey to bowl. I guess I didn't communicate that very well to Brett when he wanted to bowl just before lunch." * Agencies

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Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
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Industry: Refurbished electronics
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Investors: Flat6Labs, Resonance and various others

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  • Field engineer: Dh6,500 to Dh7,500
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Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Racecard

6pm: The Madjani Stakes – Group 2 (PA) Dh97,500 (Dirt) 1,900m
6.35pm: Graduate Stakes – Conditions (TB) Dh100,000 (D) 1,400m
7.10pm: Longines Dolcevita Collection – Maiden (TB) Dh82,500 (D) 1,400m
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ENGLAND TEAM

England (15-1)
George Furbank; Jonny May, Manu Tuilagi, Owen Farrell (capt), Elliot Daly; George Ford, Ben Youngs; Tom Curry, Sam Underhill, Courtney Lawes; Charlie Ewels, Maro Itoje; Kyle Sinckler, Jamie George, Joe Marler
Replacements: Luke Cowan-Dickie, Ellis Genge, Will Stuart, George Kruis, Lewis Ludlam, Willi Heinz, Ollie Devoto, Jonathan Joseph

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

As You Were

Liam Gallagher

(Warner Bros)

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.”

'Cheb Khaled'

Artist: Khaled
Label: Believe
Rating: 4/5

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Which honey takes your fancy?

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Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments


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