They were set a brutal schedule of four matches within 11 days. The team from Casablanca made the task still harder by letting one of those fixtures drag into extra-time. Holding a lead would become a perpetual problem, but, thankfully, they had the stamina to again and again regain the advantage and spring another surprise.
Those are the bare bones of one of the least expected runs to the final of a Fifa Club World Cup, the tournament sometimes derided from within football’s traditional power base, Europe, because it so consistently crowns a European superclub at the end of what is supposed to be a showcase for excellence across football’s continents. A pattern is entrenched: gold medals will be handed out to the European Cup holders and, mostly, silvers to a club from the Americas.
But a few clubs have gone off script. There was Al Ain, who conquered River Plate in the semi-final in 2018 and but were beaten by Real Madrid in the final. And there was Raja Casablanca five years earlier in Morocco. They entered the competition only via their host status, took on the compacted schedule and, feeding off home support, kept overcoming predictions.
Raja’s run to eventual defeat in the final against Bayern Munich left Ronaldinho, scorer of an exquisite free-kick to equalise against them for Atletico Mineiro, reeling in their wake. It withstood a comeback from the Mexican heavyweights of Monterrey.
Now that the Club World Cup is back in Morocco after a nine year absence, Raja Casablanca’s spirited achievement is being relived. It also sets a bar for the Moroccan candidate this time, Raja’s city rivals Wydad Athletic, or WAC as they are known. As does the more recent, historic achievement of the national team in Qatar in making the semi-finals of the World Cup, an all-time high for Africa and for any team from the Mena region.
WAC on Saturday meet Al Hilal of Riyadh, the 2021 Asian champions, at a sold-out Prince Moulay Abdellah Stadium in Rabat for the right to play Flamengo of Brazil in next week’s semi-final and to continue to fly the flag for Morocco’s standout year – a 12 months in which WAC claimed the African Champions League, the Atlas Lions made history, and Berkane won the CAF Confederation Cup, Africa’s secondary competition.
WAC have not had an ideal lead-up, clouded by last minute uncertainty over the immediate future of Yahia Attiyat Allah, the dashing left-back, at the closing of the international transfer window.
On the back of his World Cup performances, he was courted by European clubs, and a possible transfer to France’s Montpellier broke down only on Tuesday.
WAC’s defence of their domestic league table is a little off the pace, too, and poor form led to the appointment of a new manager, the Tunisian Mehdi Nafti, last month. He is the second man trying to fill the large gap left last summer by Walid Regragui, who guided WAC to their double and then, at short notice, expertly steered the national team to the last four of the World Cup.
“We’ve been working on our shortcomings,” said Nafti, acknowledging that during last weekend’s goalless league draw with FUS Rabat, WAC “did not create enough”. They have three goals from their last five outings. “The positive is that we’ve been defending well, which gives us a good basis against Al Hilal,” he added of the six successive clean sheets he has overseen.
He is optimistic that, with strong home support, WAC can emulate Raja’s run to the final of almost a decade ago. “We go into every competition believing we can win it,” said Nafti. “It’s going to take hard work, but we known what we’re up against and what success will mean for us.”
On Saturday evening in Tangier, Al Ahly take on Seattle Sounders, the CONCACAF club champions, for a berth in the other semi-final. The Egyptians have wind in their sails thanks to a thumping 3-0 victory to eliminate Auckland City in Wednesday’s first round.
Should Al Ahly, sharp on the counter-attack against Auckland, go to beat the MLS side, they would face Real Madrid next Wednesday, alert for symptoms of fatigue in the European champions, whose coach Carlo Ancelotti has complained about the heavy fixture schedule facing Madrid.
The Spanish giants have been in action in every midweek and weekend since the short post-World Cup break. “It doesn’t stop,” said Ancelotti. “La Liga want their part, Uefa theirs, the Spanish Federation theirs and Fifa their bit. It doesn’t give us any days off. We like playing in every competition, the players like it, but the calendar is being pushed beyond its limits.”
The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
CREW
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Third Test, Day 1
New Zealand 229-7 (90 ov)
Pakistan
New Zealand won the toss and elected to bat
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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.”
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Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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