Al Jazira manager Marcel Keizer is looking for his team to bounce back from last week's defeat in Sharjah. Courtesy Seven Media
Al Jazira manager Marcel Keizer is looking for his team to bounce back from last week's defeat in Sharjah. Courtesy Seven Media
Al Jazira manager Marcel Keizer is looking for his team to bounce back from last week's defeat in Sharjah. Courtesy Seven Media
Al Jazira manager Marcel Keizer is looking for his team to bounce back from last week's defeat in Sharjah. Courtesy Seven Media

Al Jazira look to bounce back from first defeat as they face Al Orooba in Adnoc Pro League


Amith Passela
  • English
  • Arabic

Defending champions Al Jazira will be looking to bounce back from their first defeat of the Adnoc Pro League season as they take on Al Orooba on Tuesday.

Marcel Keizer’s side were beaten 2-1 at Sharjah last Friday, after late goals from Khalid Abdulraheem Bawazir and Ben Malango cancelled out Ali Mabkhout's opener, and now face newly-promoted Al Orooba at the Mohamed bin Zayed Stadium in Abu Dhabi.

The Northern Emirate club stunned Al Ain in their last match when they rallied from three-goals down to snatch a point in what was their third successive draw.

“Al Orooba is a good, mentally strong team as they have proven in their last three outings,” Keizer said.

“The last against Al Ain to come back after trailing 3-0 down was remarkable result for them. On our part, we will do everything we can to win this game.”

Jazira’s unbeaten run in four games ended when Sharjah scored two late goals to win 2-1 last week. “Every game is hard and Sharjah are one of the stronger teams in the Pro League,” Keizer said when asked of that result.

“Al Orooba began with two heavy defeats but they have come back strongly, and after the last three matches they are now mentally stronger, particularly after the draw against Al Ain.

“For us, we have to do everything to win the three points. We are ready for this. We have good quality and we play our own game.

“We started the season well until the defeat to Sharjah. So that makes it more important for us to win against Al Orooba, and that’s what we would be aiming at.”

Jazira will miss the services of midfielder Khalifa Al Hammadi after his red card against Sharjah.

Malian midfielder Oumar Troare is still recovering from a leg injury he suffered in the 3-2 home win over Emirates 12 days ago while Khalfan Mubarak remains doubtful after two appearances in the season.

“Injuries are part of football but we have all others in the squad at our disposal to field a strong line-up,” Keizer added.

Shabab Al Ahli meet city rivals Al Wasl in the late game at the Zabeel Stadium in Dubai and Kalba make the long journey to Al Dhafra in the early match.

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.”

Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

SPECS
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Rating: 4.5/5

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Updated: September 27, 2021, 11:34 AM