Salah v Mane II: Rivals face off again in crunch World Cup qualifier


Hamza Hendawi
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It’s Mohamed Salah v Sadio Mane again, with the two Liverpool strikers facing off as Egypt seek revenge for their African Cup of Nations final defeat by Senegal in February.

On that day in Cameroon’s capital Yaounde, Senegal beat the Pharaohs in a penalty shootout to win the cup for the first time, denying their rivals a record-improving eighth win in the continent’s blue-riband competition.

On Friday, the two Merseyside stars square up again in Cairo for the first of a two-leg World Cup qualifying tie. The second leg will be in Dakar four days later.

The stakes cannot be higher for two of Africa’s heavyweights.

Senegal have qualified for the World Cup twice, in 2018 in Russia and in 2002 in Japan and South Korea, when they surprisingly made it to the quarter-finals.

In contrast, Egypt’s qualification for the World Cup four years ago was their first appearance in the competition in nearly 30 years. They lost all three group matches – to Uruguay, Russia and Saudi Arabia – disappointing millions of fans at home and thousands who followed the team across Russia. They also failed to progress from the group stage in Italy in 1990.

Liverpool duet Mohamed Salah and Sadio Mane. Reuters
Liverpool duet Mohamed Salah and Sadio Mane. Reuters

The Pharaohs will be looking to make amends for that poor showing, but they need to first get over the hurdle of Senegal. Not an easy task, although the loud chants of the 60,000 fans expected at Cairo stadium could give them an edge in the Friday clash.

Just as the case was in Russia when they scored two goals in 270 minutes of play, the Pharaohs were largely ineffective up front in this year’s Afcon. In the seven matches – four of which went into extra time – they only scored four goals.

Not a good record when your attacking trio includes one of the world’s most prolific scorers in Salah.

“The Senegal tie is difficult. It is a team that possesses distinguished skills, physical strength and superb fitness,” said prominent football commentator Hassan El Mistekawi.

“Both teams have a 50/50 chance of qualifying for Qatar.”

Egypt's Portuguese head coach Carlos Queiroz. AFP
Egypt's Portuguese head coach Carlos Queiroz. AFP

Coached by Portuguese Carlos Queiroz, the form of several members of the Afcon squad has dropped in the six weeks since the final against Senegal, largely due to fatigue from heavy club schedules, according to another football commentator, Sabry Sirag.

“I am wondering whether it is possible for Queiroz to get them ready in the short time the squad is together ahead of the match,” he said. “Still, we are the much better side as a team. Senegal has a wealth of individual talent but they don’t work together as well as we do.

“It’s vital that we don’t concede in Cairo. Even a goalless draw will not be bad. If that is the case, Senegal will throw everything up front in their home leg and we will have a chance of scoring on the fast break.”

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.”

The winners

Fiction

  • ‘Amreekiya’  by Lena Mahmoud
  •  ‘As Good As True’ by Cheryl Reid

The Evelyn Shakir Non-Fiction Award

  • ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi;  translated by Ramon J Stern
  • ‘The Sound of Listening’ by Philip Metres

The George Ellenbogen Poetry Award

  • ‘Footnotes in the Order  of Disappearance’ by Fady Joudah

Children/Young Adult

  •  ‘I’ve Loved You Since Forever’ by Hoda Kotb 
Updated: March 24, 2022, 2:54 PM