Walid Regragui is a hero for his continent. To see a sculpture of him, distinctive beard and smooth pate, on show in an art market in San-Pedro, where Regragui’s Morocco are based during the opening phase of the Africa Cup of Nations in Ivory Coast, is to appreciate the wide impact he has made over a relatively short time.
Regragui has been recognised and celebrated as the pathfinder for unprecedented regional success, since, at the last World Cup, he was the first coach to guide any African or Arab team to the competition’s semi-final stage.
Starting Wednesday, he seeks to build on that, to complete a personal trilogy by adding an Afcon title to the African Champions Cup he won at the helm of Wydad of Casablanca a few short months before being asked, with little preparation time, to take the national team to Qatar 2022, there to make history.
In some respects, the Afcon target can look like the toughest task of the three. Morocco are chronic underachievers at this event – their sole triumph that of 1976 – and it is a shortfall Regragui’s coaching staff are presenting to players as a personal challenge.
“Here on the staff, Walid, the assistant coach Gharib Amzine and myself have all made mistakes at Afcons that we don’t want to see repeated here,” said Rachid Benmahmoud, another one of Regragui's assistants.
Between them, as players, Regragui, Amzine and Benmahnoud lived through a series of disappointments at four Afcons between 2000 and 2006, a gloomy run of three group-stage exits, and just one respectable placing, the silver medal achieved with Regragui as Morocco’s busy full-back in 2004.
Fresher in the rear-view mirror is the quarter-final defeat to Egypt in Cameroon two years ago. Romain Saiss, the captain then and now, has briefed the squad’s newcomers this is an event of unique demands. “I’ve been telling the younger players this is a hard competition physically and mentally, very different to the football they know from Europe or from a World Cup,” said Saiss.
“For me it’s important they pick that up quickly. It’s about self-sacrifice and staying in the battle, being 100 per cent right mentally from the word go.”
Morocco's path to World Cup 2022 semi-final
Saiss, 33, is a veteran of three unfulfilling Afcons, including two exits against Egypt, the last of them bad-tempered and with a fractious aftermath. Hakim Ziyech and Noussair Mazraoui both made themselves unavailable for selection after the 2022 Afcon, part of a crisis leading to the departure of Vahid Halilhodzic as manager and the Moroccan Federation’s urgent call to Regragui.
As central to his success as a sound tactical vision was the diplomacy that brought Ziyech back into the fold and coaxed Mazraoui’s buy-in to playing in an unfamiliar left-back position.
Mazraoui will be missing for Wednesday's Group F opener against Tanzania, with a calf problem, around which Regragui and his staff are weathering some very public lobbying from the player's coach at Bayern Munich, Thomas Tuchel, who has urged the full-back to be allowed to stretch his recovery at least until the third group match.
This is not Tuchel’s decision to make, but it is fact of Afcon life that club matters tend to intrude, particularly from European clubs whose players are away in mid-season.
The potential distractions from club football are several. Azzedine Ounahi, whose excellent World Cup in Qatar made him a transfer target, finds himself linked with possible moves this January window, 12 months after he joined Marseille.
Ounahi’s midfield drive, a complement to Sofyan Amrabat’s covering and authoritative passing, remains a key asset for Morocco and should now be complemented with some fresh sources of creativity.
While Morocco in Qatar were masters at being patient and resilient out of possession, as they overcame Belgium, Spain and Portugal on the way to their semi-final against France, the onus will be on being more proactive against the likes of Tanzania, the lowest ranked team at Afcon, and Group F’s DR Congo and Zambia.
Marseille’s Amine Harit, who missed the World Cup with injury, has a potential role to play in that aspect. Likewise Bilal El Khannous, the teenager who helped Morocco to the under-23 Afcon title last June.
Amine Adli, the 23-year-old Bayer Leverkusen winger who last year committed to the Atlas Lions ahead of his native France, offers fresh zest on the wing, too.
Adli’s mother passed away just before Afcon began but has rejoined the squad in San-Pedro. “The loss of your mother is hard for anyone, especially at his age,” said Regragui. “But he has come back to us in a positive spirit and I feel very thankful to him. He chose to rejoin us. That shows his commitment.”
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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The specs: 2018 BMW X2 and X3
Price, as tested: Dh255,150 (X2); Dh383,250 (X3)
Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)
Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)
Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)
Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)
Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)
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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
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SPECS
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
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BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
Wonka
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
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Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
The Two Popes
Director: Fernando Meirelles
Stars: Anthony Hopkins, Jonathan Pryce
Four out of five stars
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If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.