Rico Lewis has broken into the Manchester City first team this season. Getty Images
Rico Lewis has broken into the Manchester City first team this season. Getty Images
Rico Lewis has broken into the Manchester City first team this season. Getty Images
Rico Lewis has broken into the Manchester City first team this season. Getty Images

Manchester City defender Rico Lewis hails benefits of Abu Dhabi Cup


John McAuley
  • English
  • Arabic

Manchester City breakthrough star Rico Lewis has hailed the benefits in developing talent of the upcoming Abu Dhabi Cup.

The tournament, last staged in the capital in 2019, takes places at Zayed Sports City from February 18-19, and will feature more than 1,700 players representing 120-plus teams.

Launched in 2017 to develop young footballers from the region – organisers say more than 13 countries will be represented this month – the event returns with it fourth edition having paused because of the pandemic. The winning team earns a visit to the City Football Academy in Manchester.

Lewis, 18, has graduated to the City starting line-up this season having joined the English champions’ academy in 2013, at Under-9s level.

The full-back, who debuted in the Premier League in August, has made 15 appearances for City this season, starting five of side’s past seven league games.

Speaking about the virtues of competing in tournaments such as the Abu Dhabi Cup, Lewis said: “Playing against other teams and players, particularly when you’re young, allows you to develop, learn more about your game and how you fit within a team — even which position you’re best playing in. You can learn a lot from playing in competitive tournaments.

“At club level we play with and against players from all different countries with different nationalities, so to see this happening at youth level at the Abu Dhabi Cup is great. It will really benefit those players who can learn new things from the players they come up against.”

The Abu Dhabi Cup returns to the UAE after a three-year absence. Courtesy photo
The Abu Dhabi Cup returns to the UAE after a three-year absence. Courtesy photo

Asked what advice he would give to aspiring footballers, Lewis said: “Playing and performing the best I can is important to me and I think that’s a good piece of advice.

"In every game you play if you know you’ve played and performed your best, you give it your everything and when it’s tough you carry on, when it’s going well, you carry on, then you can come away from a game feeling proud.

“Good luck to everyone taking part in the Abu Dhabi Cup this year. We hope it’s a great tournament and you enjoy every minute.”

Simon Hewitt, tournament director and senior manager football operations Mena for City Football Schools, said of the Abu Dhabi Cup: “The environment provides an ideal setting for young players to have fun, express themselves and make memories.

"The format of the tournament gives all the players the chance to be successful and with this unique concept - we can’t wait to see so many happy, young players enjoying the beautiful game.

“With the large number of teams from across the world participating, the tournament will give young players from diverse backgrounds and cultures the chance to interact and learn from each other, all united under the common bond of football.”

MATCH INFO

Chelsea 3 (Abraham 11', 17', 74')

Luton Town 1 (Clark 30')

Man of the match Abraham (Chelsea)

Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

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.”

RECORD%20BREAKER
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The Specs

Price, base Dh379,000
Engine 2.9-litre, twin-turbo V6
Gearbox eight-speed automatic
Power 503bhp
Torque 443Nm
On sale now

SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%20turbo%20and%203.6-litre%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20automatic%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20235hp%20and%20310hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E258Nm%20and%20271Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh185%2C100%0D%3Cbr%3E%3C%2Fp%3E%0A
Credits

Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

UAE currency: the story behind the money in your pockets
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.

Spider-Man%202
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Insomniac%20Games%0D%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20%20Sony%20Interactive%20Entertainment%0D%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3EPlayStation%205%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
The specs

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

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

Updated: February 09, 2023, 9:32 AM