African club football’s great showpiece, the Champions League final, rolls into Cairo this weekend.
Its finalists are obliged to look back in time because this time last year, the same sides were contesting the same prize.
As standard-bearers in the competition, they will also be looking forward to the proposed African Super League, a project long in the planning and seemingly close to actual launch.
Exactly what Africa’s Super League will look like has not yet clarified but a condensed pilot version may take place this autumn.
Wydad (WAC) will certainly be involved, as will Egypt’s Al Ahly, the most decorated of Africa’s clubs, with substantial financial backing from Saudi Arabia on offer for the new tournament.
There is a consensus, at least in the wealthier corners of African football, that some sort of upgrade on the Champions League is overdue. It is entering its 60th year and showing some signs of weariness and even stagnation.
The pre-eminence of the clubs who meet on Sunday, and again in the second leg in Morocco a week later, is becoming routine.
This final is not only a repeat of the last – won 2-0 over a single leg by WAC – but the third time in seven editions that Al Ahly versus WAC has been the deciding match.
They met in the semi-final in 2020, when Al Ahly progressed to an all-Cairo showdown against Zamalek and collected the ninth of their 10 titles.
While that run speaks of Egyptian football’s resilience through what has been a hard decade – spectators were kept away from domestic football for five years following the 2012 Port Said stadium tragedy – it also points to a wider imbalance.
Since WAC narrowly edged Al Ahly to claim the 2017 title, only one team from sub-Saharan Africa, Kaizer Chiefs, has reached a final.
In the four years up to 2017, there was a better spread, with DR Congo’s Vita Club and TP Mazembe, plus Orlando Pirates and Mamelodi Sundowns, of the relatively wealthy South African Premier League, all reaching finals.
Sundowns came close this time, beaten only on away goals by WAC in the semi-final. After that tie WAC’s head coach, Sven Vandenbroeck, spoke of a greater fervour in Mena-region clubs. “I think it’s the culture,” said the Belgian, who has worked in West and East Africa as well. “You saw the [Sundowns] fans go quiet, [thinking] ‘Ah, we’re 1-0 up, we have what we want’. It’s a massive difference from football in the northern countries.”
Sundowns’ billionaire owner Patrice Motsepe is also president of the Confederation of African Football, CAF, and in that role he is pushing to refresh elite club football, optimistic that a CAF-run Super League, probably including 24 clubs, can be up and running in 2024/25; a template, with eight clubs in a knockout format, may be squeezed into the calendar this October and November.
“Good progress is being made,” Motsepe said. “The challenge is that you’ve got to get people to pay African football what it is worth. It needs as much financial resource as possible.” Reports value the possible Saudi Arabian sponsorship of the Super League at €200m.
Part of the long-term aim would be to retain outstanding African talent in Africa for longer, put a light brake on the constant exodus of stars, often very young, to European club football. Look only at the next 10 days to see that in vivid display.
In between the two legs of Africa’s showpiece final Uefa will, next Saturday, stage its Champions League final. On one side, for Italy’s Inter, will be a goalkeeper from Cameroon, Andre Onana, who left west Africa to pursue his career in Europe in his early teenagers. Among the many potent Manchester City forwards aiming to keep Onana very busy will be the captain of Algeria, Riyad Mahrez.
In Cairo and Casablanca, there will be fewer world-famous footballers. But there will be pioneers, players who have lately taken the African game to unprecedented heights. WAC have three from the Morocco squad who finished fourth at the last World Cup.
The attacking left-back Yahia Attiyah Allah provided the cross for Youssef En-Nesyri to knock out Portugal in the quarter-final. The captain who lifted last season’s CAF Champions League, Yahya Jabrane, had an important role at Qatar 2022, coming off the bench to close out victories at the base of midfield.
The coach who galvanised Morocco, the admired Walid Regragui, was headhunted for that World Cup campaign shortly after guiding WAC to their third African Champions League. Vandenbroeck, the second different WAC coach since Regragui, has a hard act to follow.
If you go
The flights
Emirates flies from Dubai to Seattle from Dh5,555 return, including taxes.
The car
Hertz offers compact car rental from about $300 (Dh1,100) per week, including taxes. Emirates Skywards members can earn points on their car hire through Hertz.
The national park
Entry to Mount Rainier National Park costs $30 for one vehicle and passengers for up to seven days. Accommodation can be booked through mtrainierguestservices.com. Prices vary according to season. Rooms at the Holiday Inn Yakima cost from $125 per night, excluding breakfast.
HIV on the rise in the region
A 2019 United Nations special analysis on Aids reveals 37 per cent of new HIV infections in the Mena region are from people injecting drugs.
New HIV infections have also risen by 29 per cent in western Europe and Asia, and by 7 per cent in Latin America, but declined elsewhere.
Egypt has shown the highest increase in recorded cases of HIV since 2010, up by 196 per cent.
Access to HIV testing, treatment and care in the region is well below the global average.
Few statistics have been published on the number of cases in the UAE, although a UNAIDS report said 1.5 per cent of the prison population has the virus.
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
KILLING OF QASSEM SULEIMANI
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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 Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Personalities on the Plate: The Lives and Minds of Animals We Eat
Barbara J King, University of Chicago Press
I Feel Pretty
Dir: Abby Kohn/Mark Silverstein
Starring: Amy Schumer, Michelle Williams, Emily Ratajkowski, Rory Scovel
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD5
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MATCH INFO
Uefa Champioons League semi-final, first leg:
Liverpool 5
Salah (35', 45 1'), Mane (56'), Firmino (61', 68')
Roma 2
Dzeko (81'), Perotti (85' pen)
Second leg: May 2, Stadio Olimpico, Rome
The specs
Price, base / as tested Dh960,000
Engine 3.9L twin-turbo V8
Transmission Seven-speed dual-clutch automatic
Power 661hp @8,000rpm
Torque 760Nm @ 3,000rpm
Fuel economy, combined 11.4L / 100k
Killing of Qassem Suleimani
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed