DUBAI // Cosmin Olaroiu and Zlatko Dalic shared a long embrace at the final whistle, but both knew the job remains only half done.
Respective managers at Al Ahli and Al Ain, they had watched the UAE’s fiercest rivalry get an Asian Champions League revamp, hoisted to the continent’s elite club competition for the very first time.
Yet at the halfway stage of their last-16 encounter, and with a place in the quarter-finals stage at stake, there is nothing to separate the two clubs. A 0-0 draw at the Rashid Stadium, played out in energy-sapping conditions on Wednesday night, means next week’s return leg in the Garden City is set up perfectly. Game on.
“Now we pass everything to the second leg in Al Ain,” said Olaroiu afterwards. “The good thing is we didn’t concede a goal, but the bad thing is we created chances and didn’t score. When you play against a team like Al Ain you need to take the chances you create.
“But my players ran more, they were very motivated, very committed and fought until the end. Al Ain are a very good team, with very experienced players. Now we see what will happen in the second match.”
Ahli arguably had the better chances, going closest through Ismail Al Hammadi in the 74th minute, when the winger jinked across Al Ain’s goal only to see his strike cannon off the Al Ain crossbar. Majed Hassan, his UAE national team colleague, had almost broken the deadlock in the first half, but Khalid Essa reacted brilliantly to palm away his effort from close range.
For their part, Al Ain only really threatened during an 11-minute spell before the break, when Asamoah Gyan twice forced saves from Ahmed Dida. Sandwiched in between, Ibrahim Diaky volleyed Omar Abdulrahman’s raking pass straight at the Ahli goalkeeper.
“It’s a good result for us, but we have achieved nothing,” Dalic said. “Everything is open. In the first half we played better, but in the second half we got tired, like Al Ahli.
“That’s normal, it’s a big game against a strong team. And at home it will be a dangerous game. I can say nothing now because every time we play against Ahli it’s a tough game, both teams fight. This is always the way.”
So a fourth meeting this season played out much like its predecessors, in that a glut of goals never arrived, although subsequently the fifth instalment has its perfect script.
Precariously balanced, the next 90 minutes will substantially colour the clubs’ respective campaigns. Al Ain may have failed to secure that vital away goal, but the competition’s best defence will be confident of maintaining their resolve at the Hazza bin Zayed Stadium.
In the intervening period, though, both sides must negotiate weekend assignments in the President’s Cup, and so their focus shifts temporarily to those. However, next Wednesday’s Asian rematch already looms large. Typically, Olaroiu was keen to keep playing it cool.
“We respect all competitions in the same way, and we don’t have any priority,” he said. “We treat the President’s Cup game against Dubai club the same as the Champions League match against Al Ain.
“It is not easy playing one match and then four days later in the Champions League. We want to give a good show, for everyone to enjoy it. But this is the situation.”
jmcauley@thenational.ae
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Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
KILLING OF QASSEM SULEIMANI
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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.”
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries