Qatar players lift Hassan Al Haydos in the air to celebrate his brilliant goal against China. Reuters
Qatar players lift Hassan Al Haydos in the air to celebrate his brilliant goal against China. Reuters
Qatar players lift Hassan Al Haydos in the air to celebrate his brilliant goal against China. Reuters
Qatar players lift Hassan Al Haydos in the air to celebrate his brilliant goal against China. Reuters

Asian Cup: 'Spectacular' Qatar end group stage with third win after Al Haydos wondergoal


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And it was Al Haydos's 66th-minute stunner that proved the difference in front of more than 40,000 fans, the captain volleying home from the edge of the box direct from a corner.

Qatar, already qualified for the last 16 after wins over Lebanon and Tajikistan, made nine changes to the team that faced China at the Khalifa International Stadium in Al Rayyan.

China fluffed the best chance of the first half five minutes later when Wei shot against goalkeeper Saad Al Sheeb's legs from point-blank range.ge of the box direct from a corner.

"All 26 players played in our three matches and we gave a spectacular performance," said the 33-year-old forward.

"These three points are very important for our morale. We have finished with maximum points and now we will concentrate on the last 16."

It has been a promising start to the title defence for the 2019 champions, who are yet to concede in the tournament and will face one of the four best third-placed sides in the last 16.

China's hopes of being one of those teams took a major hit with the defeat to Qatar, combined with Tajikistan's 2-1 win over Lebanon in Monday's other Group A match, which sent the newcomers through to the knockout stages.

China will need a mathematical miracle to join them and manager Aleksandar Jankovic said they only had themselves to blame.

"In the three games we played, a lot of chances we missed every game," said the Serbian. "If you don't score, you cannot expect a big result. We are disappointed of course because our destiny doesn't depend on us anymore."

China began the tournament with two dour goalless draws against Tajikistan and Lebanon, and they again looked toothless in front of goal against Qatar.

Jankovic said he stood "firmly behind" the players and had "no regrets because we gave everything". He also said he was unafraid of paying the price with his job for another Chinese footballing failure.

"There are two types of coaches in general – those who have been fired and those who will be fired," he said. "When you accept to do this job, you accept both. The one who thinks about the moment when he will stop working is the one who is afraid of everything. The guy who is afraid of everything cannot be a coach."

While Qatar coach Tintin Marquez made sweeping changes to his starting lineup, including resting forward Akram Afif, the competition's joint top-scorer on three goals, Jankovic dropped out-of-sorts forward Wu Lei and brought in Wei Shihao, who went close with a dangerous shot early in the game.

China manager Aleksandar Jankovic was critical of his team's missed chances against Qatar. Getty Images
China manager Aleksandar Jankovic was critical of his team's missed chances against Qatar. Getty Images

China fluffed the best chance of the first half five minutes later when Wei shot against goalkeeper Saad Al-Sheeb's legs from point-blank range.

Striker Zhang Yuning also had a good opportunity in first-half injury time but could not get on the end of Wei's low ball into the box.

"At this moment we are not lucky to score but this is something very important for the future," said Jankovic. "I'm sure that the moment will come when all these balls will go in."

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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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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- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

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Updated: January 24, 2024, 7:49 AM