Paul Pierce and the Nets own a 1-0 lead in the best-of-seven series against Toronto. Warren Toda / EPA
Paul Pierce and the Nets own a 1-0 lead in the best-of-seven series against Toronto. Warren Toda / EPA
Paul Pierce and the Nets own a 1-0 lead in the best-of-seven series against Toronto. Warren Toda / EPA
Paul Pierce and the Nets own a 1-0 lead in the best-of-seven series against Toronto. Warren Toda / EPA

‘Dinosaur’ Brooklyn Nets roaming ominously in NBA play-offs


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On Saturday, the morning before the Brooklyn Nets and Toronto Raptors were set to tip off their Eastern Conference play-offs series that night, the Toronto Sun ran its best effort at a trash-talking headline: "Raptors vs Dinosaurs".

The dinosaurs, of course, being the, well, veteran Nets. “Garnett and Pierce are so old the Raptor had to ask his dad about them,” ran the sub-head.

Not bad, as far as good-natured newspaper ribbing goes.

Only problem is Brooklyn went on to win Game 1 away, 94-87.

These Nets may be old, and they may have lost the Atlantic Division title to Toronto, but the last four months have shown that none it will probably matter in this series. It might not matter in the entire Eastern Conference play-offs at large.

If the weekend’s play-off opening tips showed anything, it’s that the East feels surprisingly wide-open, and the team best poised to take advantage of that just might be the Nets.

While the Miami Heat managed to trail the 43-win Charlotte Bobcats as late as into the third quarter on Sunday and the Indiana Pacers actually lost to the 38-win Atlanta Hawks on Saturday, both at home, the Nets led the 48-win Raptors nearly from start to finish on the road.

It was an impressive display from a team that, despite being the conference’s sixth seed, look every bit the third favourite after Miami and Indiana. Considering the Pacers’ late-season slide, they might even be the second favourite.

It’s a far cry from the oft-cited 10-21 start the Nets found themselves mired in as the clock struck midnight on December 31, hours after they’d lost to San Antonio by 21 points.

They went 34-17 to finish the season, giving them a .666 winning percentage that would have trailed only Miami in the East stretched out over a full season. After allowing 106.7 points per 100 possessions during their 10-21 start (third-worst in the league during that time) they brought that down to 103.9 in the final 51 games (12th). They also went from scoring 101.9 points per 100 (18th) to 105.9 points (13th).

Joe Johnson and Deron Williams have figured out how to split primary scoring duties. Paul Pierce has become comfortable in his secondary offensive role. Kevin Garnett is anchoring a small-ball team defensive scheme that’s working.

And if it continues, the inconsistency and general weakness of the rest of the East just might allow for a reign of these dinosaurs.

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Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.

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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

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Ep1: A recovery like no other- the unevenness of the economic recovery 

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Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

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2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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.”

Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

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