Morocco manager Walid Regragui consoles Achraf Hakimi after their Africa Cup of Nations defeat against South Africa at the Stade Laurent Pokou, in San Pedro, on January 30, 2024. AFP
Morocco manager Walid Regragui consoles Achraf Hakimi after their Africa Cup of Nations defeat against South Africa at the Stade Laurent Pokou, in San Pedro, on January 30, 2024. AFP
Morocco manager Walid Regragui consoles Achraf Hakimi after their Africa Cup of Nations defeat against South Africa at the Stade Laurent Pokou, in San Pedro, on January 30, 2024. AFP
Morocco manager Walid Regragui consoles Achraf Hakimi after their Africa Cup of Nations defeat against South Africa at the Stade Laurent Pokou, in San Pedro, on January 30, 2024. AFP

Morocco back down to earth with crash after latest Africa Cup of Nations failure


Ian Hawkey
  • English
  • Arabic

Morocco, far from alone at being ousted far sooner than expected from the Africa Cup of Nations, made many millions of friends in Ivory Coast. But that was chiefly because of an unintended favour.

By beating Zambia in their final group match, Morocco ensured a flawed Ivory Coast team squeaked into the knockouts at Zambia’s expense, as the best of the third-placed teams in the last chance saloon.

Ivorian gratitude continues, noisily, now that the hosts have eliminated champions Senegal and no longer see Morocco along any possible path to an unlikely title. Africa’s No 1 ranked team are out. “It’s been a tournament with a lot of surprises,” said Morocco’s manager Walid Regragui after his team’s shock 2-0 defeat to South Africa in San Pedro.

South Africa concentrated their giant-killing into 90 carefully prepared minutes, and into the efficient execution of two of the few goalscoring chances they created. “Congratulations to them,” said Regragui, “they played the sort of game you need to play to beat us.”

Regragui, the master planner who 13 months ago was bringing his players home to huge cheering crowds as World Cup semi-finalists, spoke with dignified composure, taking full responsibility for the exit.

He has not always been so self-possessed during the last three weeks. Regragui was on the touchline on Tuesday night only because a ban, imposed by CAF, the body in charge of Afcon, for his angry match day one confrontation with DR Congo captain Chancel Mbemba, had been reduced on appeal.

Morocco have made enemies as well as gaining the friendship of indebted Ivorian fans. When Tanzania’s head coach, the Algerian Adel Amrouche, said out loud that Morocco’s strong influence with Caf extends to “choosing their referees”, he lost his job and landed a fine and a ban.

If the accusation had no verifiable substance to it whatsoever, he was skirting around a general theme: a perception Morocco stride around the continent’s football landscape with an entitled bearing.

Their football has certainly earned it. The World Cup run, with Belgium, Spain and Portugal all defeated, set a new bar for African and Arab achievement. The national women’s team were similar pathfinders at their World Cup last year, reaching the knockout phase.

CAF are obliged to recognise the beneficial impact globally of Morocco, hosts-elect of the next Afcon, co-hosts of the 2030 World Cup, site of some of the continent’s best stadiums and, in the Mohammed VI Academy, one of its best-appointed talent nurseries.

Three of its graduates, Nayef Aguerd, of the English Premier League’s West Ham United, Azzedine Ounahi, of Ligue 1 Marseille and Youssef En-Neysri, of Europa League experts Sevilla, were among the Atlas Lions tamed by a crafty South African side built largely around players employed in Africa.

If Aguerd won several of his duels with South Africa’s rangy centre-forward Evidence Makgopa, he came out second best to Themba Zwane in the lead-up to Makgoba’s opening goal.

En-Nesyri, a hero of Qatar 2022, was a blunt weapon up front and while Achraf Hakimi threatened South Africa’s left flank, the outcome slipped beyond Morocco’s reach when, at 1-0 down and with 85 minutes on the clock, the Paris Saint-Germain star struck a penalty against the crossbar.

“The penalty came at a key moment for us,” said Regragui. “Missing it, I think, put doubts in the players’ minds.”

Regragui assumed “all the responsibility” for the upset, although he was missing key allies, notably the injured Hakim Ziyech and Sofiane Boufal.

Bayern Munich’s Noussair Mazraoui, returning from significant lay-off to the left-back position that is not his natural one but which Regragui has mostly made work for the player and the team, had a difficult night. And Morocco, so often at their best conceding possession, were outthought by a South Africa content to play on the counter-attack, to contain and tire Regragui’s men.

The retreat is not terminal. Morocco will stage the next Afcon sensing that, if some of the totems of Regragui’s era-defining team may not be there – captain Romain Saiss is 36 – “young players have come in and we expect better things ahead from them.” Amine Adli and Abde Ezzalzouli, 23 and 22, are not like-for-like successors to Boufal and Ziyech, but they give Morocco zest on the wings.

Nor is it so isolating being an ejected favourite at this tournament. Morocco join the great caravan heading north from a disastrous Afcon for the Mena nations.

Tunisia, who beat France at the 2022 World Cup, lost to Namibia and finished bottom of their group. Algeria, the 2019 champions, lost to Mauritania, the one Maghreb contestant who can claim a successful Afcon expedition, and left after three winless games. Egypt’s defensive nous deserted them as damagingly as Mohamed Salah’s fitness did.

“It’s been a tough tournament for everybody,” said Regragui, whose own presence, with the country whose football he elevated higher than any coach ever has, at the next, home Afcon is uncertain.

He set the bar at this one at the semi-finals. Falling so far short may yet persuade him he is no longer the best guide for a squad brought suddenly down to earth.

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

 

 

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press

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.”

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Bawaal%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nitesh%20Tiwari%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Varun%20Dhawan%2C%20Janhvi%20Kapoor%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%201%2F5%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A

Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Updated: January 31, 2024, 2:18 PM