• UAE's players after their defeat in the World Cup 2022 play-off against Australia at the Ahmad bin Ali stadium in Al Rayyan on Tuesday, June 7, 2022. AFP
    UAE's players after their defeat in the World Cup 2022 play-off against Australia at the Ahmad bin Ali stadium in Al Rayyan on Tuesday, June 7, 2022. AFP
  • UAE forward Caio Canedo marks Australia's defender Aziz Behich during their World Cup 2022 play-off. AFP
    UAE forward Caio Canedo marks Australia's defender Aziz Behich during their World Cup 2022 play-off. AFP
  • Ajdin Hrustic, right, celebrates scoring the winner against the UAE in Al Rayyan on Tuesday. EPA
    Ajdin Hrustic, right, celebrates scoring the winner against the UAE in Al Rayyan on Tuesday. EPA
  • Australia's midfielder Jackson Irvine, second right, celebrates with teammates after scoring the opener. AFP
    Australia's midfielder Jackson Irvine, second right, celebrates with teammates after scoring the opener. AFP
  • Australia's Martin Boyle celebrates a goal against UAE. AP
    Australia's Martin Boyle celebrates a goal against UAE. AP
  • Caio Canedo celebrates after scoring UAE's equaliser against Australia. EPA
    Caio Canedo celebrates after scoring UAE's equaliser against Australia. EPA
  • UAE's forward Caio Canedo scored the equaliser on Tuesday. AFP
    UAE's forward Caio Canedo scored the equaliser on Tuesday. AFP
  • Nathaniel Atkinson of Australia vies for the ball with UAE's Harib Abdallah. EPA
    Nathaniel Atkinson of Australia vies for the ball with UAE's Harib Abdallah. EPA
  • Kye Rowles, right, takes on Ali Mabkhout of the UAE. EPA
    Kye Rowles, right, takes on Ali Mabkhout of the UAE. EPA
  • UAE's defender Khalifa Al Hammadi dribbles past Australia's Alex Wilkinson at the Ahmad bin Ali stadium on Tuesday. AFP
    UAE's defender Khalifa Al Hammadi dribbles past Australia's Alex Wilkinson at the Ahmad bin Ali stadium on Tuesday. AFP
  • UAE's goalkeeper Khalid Eisa during the World Cup 2022 play-off at the Ahmad bin Ali stadium. AFP
    UAE's goalkeeper Khalid Eisa during the World Cup 2022 play-off at the Ahmad bin Ali stadium. AFP
  • UAE manager Rodolfo Arruabarrena gives instructions. Getty
    UAE manager Rodolfo Arruabarrena gives instructions. Getty

UAE national team set for September training camp ahead of busy first half to 2023


John McAuley
  • English
  • Arabic

The UAE national team will begin preparations for a packed 2023 with a training camp in September.

The national team, who last month missed out on qualifying for this year’s Fifa World Cup, are expected to convene for an external get-together in Europe. The UAE will look to play a selection of friendly matches during the camp, with Paraguay mooted as a possible first opponent, potentially on September 23.

Manager Rodolfo Arruabarrena will be keen to lock down as much time with his players ahead of a busy first half to next year, which begins with the Arab Gulf Cup in Iraq in January. The UAE will then compete as hosts in the West Asian Football Federation Championship in March and April, before contesting the 2023 Asian Cup next summer. As of yet, the tournament is without a host.

With China withdrawing in May because of the Covid-19 pandemic, the Asian Football Confederation extended until July 15 the deadline to receive expressions of interest to stage the continent’s premier competition. Japan and South Korea are believed to be frontrunners to host.

Meanwhile, Arruabarrena and staff are said to be spending the next few weeks travelling around the Adnoc Pro League clubs’ pre-season camps in Europe, as they put together preparations for the September gathering.

The Argentine, appointed in February as successor to Bert van Marwijk, has already introduced a number of younger players into the national team set-up. Last month, the UAE’s hopes disappeared of reaching a second World Cup in the country’s history when they lost their continental play-off with Australia. The national team were beaten 2-1 in Qatar.

Arruabarrena’s contract runs through until the Asian Cup, where the UAE will be looking to build on their run to the semi-finals, on home soil, in 2019. They are two-time winners of the Arabian Gulf Cup – 2007 and 2013 – although exited the most recent tournament, in 2019, at the group stage. The 25th edition of the event is scheduled for Iraq from January 6-19. Iraq lasted hosted in 1979.

The UAE are planning another training camp in November, in the lead-up to the Qatar World Cup.

UAE v Australia player ratings

  • UAE RATINGS: Khalid Eisa – 6. No chance with Irvine’s close-range finish, but made a fine stop to deny Maclaren later on, low to his left. Similarly, could not be faulted for Hrustic’s deflected knockout blow. AFP
    UAE RATINGS: Khalid Eisa – 6. No chance with Irvine’s close-range finish, but made a fine stop to deny Maclaren later on, low to his left. Similarly, could not be faulted for Hrustic’s deflected knockout blow. AFP
  • Walid Abbas – 7. The UAE captain had minimal traffic coming his way because Australia spent much of the game trying to find a solution to the attacking threat of Harib Abdallah in front of him. Getty
    Walid Abbas – 7. The UAE captain had minimal traffic coming his way because Australia spent much of the game trying to find a solution to the attacking threat of Harib Abdallah in front of him. Getty
  • Khalifa Al Hammadi – 6. Followed a stretching early clearance with a foul on the edge of the box in a nervy start, but put his body on the line to try to keep the Aussies out. AFP
    Khalifa Al Hammadi – 6. Followed a stretching early clearance with a foul on the edge of the box in a nervy start, but put his body on the line to try to keep the Aussies out. AFP
  • Mohammed Al Attas – 7. Made one vital intervention when Maclaren, the substitute, was poised to score. Chris Whiteoak / The National
    Mohammed Al Attas – 7. Made one vital intervention when Maclaren, the substitute, was poised to score. Chris Whiteoak / The National
  • Khalid Al Dhanhani – 7. Did well twice in the same play to limit the damage of a loose pass by Mabkhout in the first half. Tenacious throughout. EPA
    Khalid Al Dhanhani – 7. Did well twice in the same play to limit the damage of a loose pass by Mabkhout in the first half. Tenacious throughout. EPA
  • Ali Salmeen – 5. Lucky to escape a booking after a late clip on Mooy. Allowed Boyle to wriggle away from him to create the opening goal. Could not block Hrustic’s blazing shot for the winner. AP
    Ali Salmeen – 5. Lucky to escape a booking after a late clip on Mooy. Allowed Boyle to wriggle away from him to create the opening goal. Could not block Hrustic’s blazing shot for the winner. AP
  • Abdullah Hamad – 7. A bundle of energy throughout despite the sapping conditions. Photo: UAE FA
    Abdullah Hamad – 7. A bundle of energy throughout despite the sapping conditions. Photo: UAE FA
  • Abdullah Ramadan – 6. Botched a good attacking chance when he blazed a free-kick from the right flank nowhere near his attackers. Needed to get on the ball more and look to find Abdallah. AP
    Abdullah Ramadan – 6. Botched a good attacking chance when he blazed a free-kick from the right flank nowhere near his attackers. Needed to get on the ball more and look to find Abdallah. AP
  • Harib Abdallah – 9. Sensational performance. UAE’s hero in their last game against South Korea was played wide left this time, and his pace made him the game’s most potent threat. Brilliant assist for Canedo’s goal. EPA
    Harib Abdallah – 9. Sensational performance. UAE’s hero in their last game against South Korea was played wide left this time, and his pace made him the game’s most potent threat. Brilliant assist for Canedo’s goal. EPA
  • Caio Canedo – 7. So clearly motivated, and dragged his side back into the game almost immediately after Jackson Irvine opened the scoring. Getty
    Caio Canedo – 7. So clearly motivated, and dragged his side back into the game almost immediately after Jackson Irvine opened the scoring. Getty
  • Ali Mabkhout – 4. Way off the pace. Isolated. Lax in possession. Booked for a clumsy foul. So disappointing from UAE’s greatest scorer on his return to the side. Getty
    Ali Mabkhout – 4. Way off the pace. Isolated. Lax in possession. Booked for a clumsy foul. So disappointing from UAE’s greatest scorer on his return to the side. Getty
  • SUBS: Ali Saleh (Mabkhout 75’) – NA. Immediately made his presence felt with a tenuous-looking foul on Behic; Yahya Nader (Ramadan 75’) – NA. Had few chances to impress after coming on in the second phase. AFP
    SUBS: Ali Saleh (Mabkhout 75’) – NA. Immediately made his presence felt with a tenuous-looking foul on Behic; Yahya Nader (Ramadan 75’) – NA. Had few chances to impress after coming on in the second phase. AFP
  • Omar Abdulrahman (Hamad 88’) – NA. Found the ball in space three times despite only having a tiny amount of time to make a difference, but each time his passes were painfully errant; Sebastian Tagliabue (Candeo 88’) – NA. Won a flick on as UAE chased the game in the dying moments, but that was the extent of it; Majed Hassan (Salmeen 88’) – NA. Looked fresher than anyone, but had minimal chance to make an impression as part of the late treble substitution. AFP
    Omar Abdulrahman (Hamad 88’) – NA. Found the ball in space three times despite only having a tiny amount of time to make a difference, but each time his passes were painfully errant; Sebastian Tagliabue (Candeo 88’) – NA. Won a flick on as UAE chased the game in the dying moments, but that was the extent of it; Majed Hassan (Salmeen 88’) – NA. Looked fresher than anyone, but had minimal chance to make an impression as part of the late treble substitution. AFP
  • AUSTRALIA RATINGS: Mathew Ryan – 7. Australia’s captain twice made close-range blocks from Abdallah, then made another from the same player low down at the start of the second half. AFP
    AUSTRALIA RATINGS: Mathew Ryan – 7. Australia’s captain twice made close-range blocks from Abdallah, then made another from the same player low down at the start of the second half. AFP
  • Nathaniel Atkinson – 5. The right back was defenceless against the speed of Harib Abdallah. EPA
    Nathaniel Atkinson – 5. The right back was defenceless against the speed of Harib Abdallah. EPA
  • Kye Rowles – 6. The Hearts defender had arguably the best attacking chance of the first half, but the ball slipped off his forehead and away as he aimed a header at goal. EPA
    Kye Rowles – 6. The Hearts defender had arguably the best attacking chance of the first half, but the ball slipped off his forehead and away as he aimed a header at goal. EPA
  • Bailey Wright – 7. The Sunderland centre back was ever willing to put his head where it could potentially hurt. Getty
    Bailey Wright – 7. The Sunderland centre back was ever willing to put his head where it could potentially hurt. Getty
  • Aziz Behich – 7. Given the temperature, his willingness to race up and down the left touchline was highly commendable. AFP
    Aziz Behich – 7. Given the temperature, his willingness to race up and down the left touchline was highly commendable. AFP
  • Aaron Mooy – 6. Deployed in a deep-lying midfield playmaker role. Too often contented himself with unambitious, lateral passes. EPA
    Aaron Mooy – 6. Deployed in a deep-lying midfield playmaker role. Too often contented himself with unambitious, lateral passes. EPA
  • Ajdin Hrustic – 8. The Eintracht Frankfurt midfielder posed a threat with his crisp left-footed crossing, and went close with a curled shot from range. Booked for unnecessary roughness. Then decided it with a blockbusting volley. Getty
    Ajdin Hrustic – 8. The Eintracht Frankfurt midfielder posed a threat with his crisp left-footed crossing, and went close with a curled shot from range. Booked for unnecessary roughness. Then decided it with a blockbusting volley. Getty
  • Jackson Irvine – 7. One of the players who broke UAE’s hearts in Sydney four years ago, looked to have done the same here when he opened the scoring from close range. Lost Canedo for the equaliser moments later. Getty
    Jackson Irvine – 7. One of the players who broke UAE’s hearts in Sydney four years ago, looked to have done the same here when he opened the scoring from close range. Lost Canedo for the equaliser moments later. Getty
  • Martin Boyle – 8. Prominent in the early throes down the right flank, notably with a slaloming dribble, and played the vital role in setting up Irvine for the opener. AP
    Martin Boyle – 8. Prominent in the early throes down the right flank, notably with a slaloming dribble, and played the vital role in setting up Irvine for the opener. AP
  • Craig Goodwin – 5. Wasted a fine attacking opportunity in the first half when he badly over-hit his left-footed cross. His miss with a half volley in the second half was worse. Getty
    Craig Goodwin – 5. Wasted a fine attacking opportunity in the first half when he badly over-hit his left-footed cross. His miss with a half volley in the second half was worse. Getty
  • Mathew Leckie – 6. Needed to pick a more meaningful pass on one of the few chances he had to make difference. Huffed and puffed the rest of the time. AFP
    Mathew Leckie – 6. Needed to pick a more meaningful pass on one of the few chances he had to make difference. Huffed and puffed the rest of the time. AFP
  • SUBS: Jamie Maclaren (Goodwin 72’) – NA. Introduced with just under 20 minutes to go, and twice found himself dangerously placed, only to be denied by Al Attas then Eisa. Getty
    SUBS: Jamie Maclaren (Goodwin 72’) – NA. Introduced with just under 20 minutes to go, and twice found himself dangerously placed, only to be denied by Al Attas then Eisa. Getty
  • Milos Degenek (90'+1 Hrustic) – NA. A late introduction to chew up time and close up space with Australia holding the lead. AFP
    Milos Degenek (90'+1 Hrustic) – NA. A late introduction to chew up time and close up space with Australia holding the lead. AFP
  • Awer Mabil (Leckie 90'+1) – NA. Given just moments at the end as Graham Arnold looked to shut up shop. Getty
    Awer Mabil (Leckie 90'+1) – NA. Given just moments at the end as Graham Arnold looked to shut up shop. Getty
Results

5pm: Warsan Lake – Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Dhaw Al Reef, Sam Hitchcott (jockey), Abdallah Al Hammadi (trainer) 

5.30pm: Al Quadra Lake – Maiden (PA) Dh80,000 (T) 1,600m; Winner: Mrouwah Al Gharbia, Sando Paiva, Abubakar Daud 

6pm: Hatta Lake – Handicap (PA) Dh80,000 (T) 1,600m; Winner: AF Yatroq, George Buckell, Ernst Oertel 

6.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,600m; Winner: Ashton Tourettes, Adries de Vries, Ibrahim Aseel 

7pm: Abu Dhabi Championship – Listed (PA) Dh180,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami 

7.30pm: Zakher Lake – Rated Conditions (TB) Dh80,000 (T) 1,400m; Winner: Alfareeq, Dane O’Neill, Musabah Al Muhairi.  

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

WHEN TO GO:

September to November or March to May; this is when visitors are most likely to see what they’ve come for.

WHERE TO STAY:

Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.

HOW TO GET THERE:

Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.

ALRAWABI%20SCHOOL%20FOR%20GIRLS
%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
BUNDESLIGA FIXTURES

Friday (all kick-offs UAE time)

Hertha Berlin v Union Berlin (10.30pm)

Saturday

Freiburg v Werder Bremen (5.30pm)

Paderborn v Hoffenheim (5.30pm)

Wolfsburg v Borussia Dortmund (5.30pm)

Borussia Monchengladbach v Bayer Leverkusen (5.30pm)

Bayern Munich v Eintracht Frankfurt (5.30pm)

Sunday

Schalke v Augsburg (3.30pm)

Mainz v RB Leipzig (5.30pm)

Cologne v Fortuna Dusseldorf (8pm)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElmawkaa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ebrahem%20Anwar%2C%20Mahmoud%20Habib%20and%20Mohamed%20Thabet%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20PropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%24400%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3E500%20Startups%2C%20Flat6Labs%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3Cbr%3E%3C%2Fp%3E%0A

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

WWE Super ShowDown results

Seth Rollins beat Baron Corbin to retain his WWE Universal title

Finn Balor defeated Andrade to stay WWE Intercontinental Championship

Shane McMahon defeated Roman Reigns

Lars Sullivan won by disqualification against Lucha House Party

Randy Orton beats Triple H

Braun Strowman beats Bobby Lashley

Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship

Mansoor Al Shehail won the 50-man Battle Royal

The Undertaker beat Goldberg

 

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ETwin-turbo%2C%20V8%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%20and%20manual%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503%20bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E513Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh646%2C800%20(%24176%2C095)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
WTL%20SCHEDULE
%3Cp%3EDECEMBER%2019%20(6pm)%0D%3Cbr%3EKites%20v%20Eagles%0D%3Cbr%3EAliassime%20v%20Kyrgios%0D%3Cbr%3ESwiatek%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Tiesto%3C%2Fp%3E%0A%3Cp%3EDECEMBER%2020%20(6pm)%0D%3Cbr%3EFalcons%20v%20Hawks%0D%3Cbr%3EDjokovic%20v%20Zverev%0D%3Cbr%3ESabalenka%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Wizkid%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2021%20(6pm)%0D%3Cbr%3EFalcons%20v%20Eagles%0D%3Cbr%3EDjokovic%20v%20Kyrgios%0D%3Cbr%3EBadosa%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Ne-Yo%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2022%20(6pm)%0D%3Cbr%3EHawks%20v%20Kites%0D%3Cbr%3EThiem%20v%20Aliassime%0D%3Cbr%3EKontaveit%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20deadmau5%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(2pm)%0D%3Cbr%3EEagles%20v%20Hawks%0D%3Cbr%3EKyrgios%20v%20Zverev%0D%3Cbr%3EGarcia%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(6pm)%0D%3Cbr%3EFalcons%20v%20Kites%0D%3Cbr%3EDjokovic%20v%20Aliassime%0D%3Cbr%3ESabalenka%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2024%20(6pm)%0D%3Cbr%3EFinals%0D%3Cbr%3EEntertainment%3A%20Armin%20Van%20Buuren%0D%3Cbr%3E%0D%3C%2Fp%3E%0A
THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A

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.”

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Company%20profile
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MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

If you go

The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.

The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Tickets

Tickets for the 2019 Asian Cup are available online, via www.asiancup2019.com

Updated: July 25, 2022, 12:28 PM