Al Dhafra's Bandar Mohammed, left, and Makhete Diop celebrate the striker's hat-trick. Jeff Topping / The National
Al Dhafra's Bandar Mohammed, left, and Makhete Diop celebrate the striker's hat-trick. Jeff Topping / The National
Al Dhafra's Bandar Mohammed, left, and Makhete Diop celebrate the striker's hat-trick. Jeff Topping / The National
Al Dhafra's Bandar Mohammed, left, and Makhete Diop celebrate the striker's hat-trick. Jeff Topping / The National

Etisalat Cup: Al Wasl 0 Al Dhafra 4


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DUBAI // Al Wasl's unbeaten start to the season came to an end at home last night as a Makhete Diop hat-trick gave Al Dhafra a comfortable 4-0 win at the Zabeel Stadium.

On the eve of the Etisalat Cup Group B game, officials from Dhafra had promised their team would come back strongly from Friday's 7-0 defeat to Al Ain in the Pro League.

And the players delivered on the promise with a commanding performance, although Wasl never really looked competitive except for a brief period after the opening goal.

Dhafra were looking for redemption and they made their intentions know early in the game.

After a few near misses, the visitors took the lead in the ninth minute as Diop, who has scored once in the last four games, rose high over the Wasl defence to nod in Hazza Salem's cross from the right.

Stung by the reversal, Wasl shifted gears and Shikabala, who delayed joining up with the Egypt national team to play this game, and Mariano Donda put a lot of pressure on the Dhafra defence.

The visitors, however, could have scored a second against the run of play in the 20th minute, but Amara Diane failed to punish the Wasl goalkeeper Ahmed Mahmoud for a fumble.

At the other end, the prolific Emiliano Alfaro missed a great opportunity in the 25th minute, choosing to dive after jumping over a tackle by the Dhafra goalkeeper Khalid Al Sinani.

The Uruguayan did a lot better six minutes later, twisting and turning around the defenders, but failing to get past the keeper.

Seconds later, Dhafra and Diop were celebrating their second of the night.

Set up by Diane, Bandar Mohammed raced towards goal, drawing out the Wasl keeper and just as Mahmoud slid into him, the Dhafra winger crossed for Diop, who flicked the ball into the unmanned goal.

Diane had a big part to play in Dhafra's third goal as well in the 54th minute, muscling his way through the defence and tapping the ball to Bandar for an easy finish.

Twelve minutes later, Bandar played provider, crossing for Diop to head in his third goal of the game.

Dhafra were unlucky not to get a fifth in the 83rd minute when Diop's replacement Hamad Raqea hit the post.

Wasl had a chance to reduce the arrears in the 85th minute after Mohammed Qassim handled a ball in the area, but Alfaro blasted the penalty straight to the keeper.

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1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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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.”

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5pm: Abu Dhabi Fillies Classic (PA) Prestige; Dh110,000; 1,400m
5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
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Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

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5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m

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CHINESE GRAND PRIX STARTING GRID

1st row
Sebastian Vettel (Ferrari)
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2nd row
Valtteri Bottas (Mercedes-GP)
Lewis Hamilton (Mercedes-GP)

3rd row
Max Verstappen (Red Bull Racing)
Daniel Ricciardo (Red Bull Racing)

4th row
Nico Hulkenberg (Renault)
Sergio Perez (Force India)

5th row
Carlos Sainz Jr (Renault)
Romain Grosjean (Haas)

6th row
Kevin Magnussen (Haas)
Esteban Ocon (Force India)

7th row
Fernando Alonso (McLaren)
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8th row
Brendon Hartley (Toro Rosso)
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9th row
Pierre Gasly (Toro Rosso)
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