The first Mina Cup youth football tournament in Dubai included sides bearing the names of Barcelona, Manchester City and La Liga.
It attracted champion teams from Mexico, the UK and Austria. Some of the players involved had been hand-picked and coached by the former Real Madrid Champions League winner Michel Salgado.
And yet the most dominant side anywhere in it were a set of kids from India, all of whom were making their first trip outside of their home country, having secured passports especially for it.
On the opening day of the Under 12 event, Minerva Academy, from India’s Punjab region, trounced Barcelona Academy.
In Monday night’s final in Jebel Ali, they thrashed Dubai-based La Liga Academy 4-0. In between, they did not concede a goal.
“I cannot believe we have won a tournament involving Barca, La Liga, Man City – it doesn’t feel like real life,” said Yoihenba Khwairakpam, Minerva’s goalkeeper.
“This is my first time outside India. When we were leaving, I was feeling nervous and excited that I was going outside our country and playing for our nation.
“We have the India flag on our shirt and we feel like we are representing our country as well as our academy.”
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
Khwairakpam, who was first introduced to the game and the wonders of Cristiano Ronaldo by his father who was also an ex-footballer, is from Manipur, one of India’s football hotbeds.
The players are scouted from five regions in the country, with 90 per cent of the academy’s current intake originating from India’s north east.
“Football is a unique sport and I love it very much, especially when we play a tournament with the support we get,” said Ishan Saikia, a 10-year-old who has been with the Minerva Academy for three years after moving from his home in Assam.
“We feel like we are playing for our country. In cricket, you can hit the ball with the bat, but it is not like scoring a goal in football, or when the fans scream, ‘goal!’ We are very proud to win.”
In all, the tour to Dubai – including the administration of passport applications for all the players - cost the academy around $30,000.
A crowd funding campaign brought in around $1,000 of that, with the academy’s owner, Ranjit Bajaj, covering the remaining costs.
“The only difference between us and the other teams is these guys are on 100 per cent scholarships,” Bajaj said.
“They don’t pay even one single rupee. We take care of their food, stay and education. That is my personal dream.
“It is about getting India to the World Cup in 2034. It is a 15-year plan, and it is two years old.
“All the money I earn from my business, I put in here. There is no profit coming in. But hopefully one of these guys will be the next Mohamed Salah.”
It is about getting India to the World Cup in 2034. It is a 15-year plan, and it is two years old
Academy owner Ranjit Bajaj
Bajaj said his academicians are taught the methods of top European football sides from the age of seven.
“If you give Messi the ball for the first time at the age of 40, he will never be Messi,” Bajaj said.
“You have to start young. The reason you saw the difference in standard in this tournament is because these boys play all day with senior players, and they have been doing so since they were eight, nine, 10.
“This is unlike any football ever seen in India before. In terms of the way they play, what you see here is exactly what you see in top European clubs.
“If we keep doing this, you don’t need 1.3 billion people, you just need the right 30. Work on them, give them exposure every year, and we will get there. We have won a lot of national titles back at home, but I don’t think that is legacy.
“Legacy is getting your team to the World Cup. We are really far behind, and this is the only way we can catch up.”
Minerva Academy’s home base is a 25-acre campus in Punjab, with three full-size football fields, seven for seven-a-side, a gym and rehab and physiotherapy department.
He says, though, that his players have had their eyes opened by what they have seen at the Mina Cup.
“We play on natural grass at home, but these facilities here are world class,” he said of the Jebel Ali Centre of Excellence.
“That gives such an uplift to our players. Why? Because they know if they make it in life, this is what is waiting for them.
“The hunger for someone who is in Dubai or someone in Europe is not so great because they are used to this lifestyle.
“For these players, it is heaven. They have never been to these sort of facilities, or anywhere close to this.”
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Which honey takes your fancy?
Al Ghaf Honey
The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year
Sidr Honey
The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest
Samar Honey
The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments
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
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Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
UAE currency: the story behind the money in your pockets
How Islam's view of posthumous transplant surgery changed
Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.
Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.
The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.
One school of thought viewed the removal of organs after death as equally impermissible.
That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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Key developments in maritime dispute
2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier.
2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus
2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.
2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.
Mina Cup winners
Under 12 – Minerva Academy
Under 14 – Unam Pumas
Under 16 – Fursan Hispania
Under 18 – Madenat
