• Germany midfielder Florian Wirtz in action on his international debut against Liechtenstein. AFP
    Germany midfielder Florian Wirtz in action on his international debut against Liechtenstein. AFP
  • FILE PHOTO: Soccer Football - UEFA Euro 2024 Qualifier - Group A - Cyprus v Spain - Alphamega Stadium, Limassol, Cyprus - November 16, 2023 Spain's Lamine Yamal celebrates scoring their first goal REUTERS / Yiannis Kourtoglou / File Photo
    FILE PHOTO: Soccer Football - UEFA Euro 2024 Qualifier - Group A - Cyprus v Spain - Alphamega Stadium, Limassol, Cyprus - November 16, 2023 Spain's Lamine Yamal celebrates scoring their first goal REUTERS / Yiannis Kourtoglou / File Photo
  • Portugal players Joao Neves, left, and Bruno Fernandes during a training session ahead of Euro 2024. EPA
    Portugal players Joao Neves, left, and Bruno Fernandes during a training session ahead of Euro 2024. EPA
  • Manchester United's Kobbie Mainoo has enjoyed a breakout season for club and country. PA
    Manchester United's Kobbie Mainoo has enjoyed a breakout season for club and country. PA
  • Midfielder Warren Zaire-Emery, right, and his PSG and France teammate Bradley Barcola arrive to attend a training session as part of the team's preparation for Euro 2024. AFP
    Midfielder Warren Zaire-Emery, right, and his PSG and France teammate Bradley Barcola arrive to attend a training session as part of the team's preparation for Euro 2024. AFP
  • Real Madrid's Arda Guler celebrates with the trophy after winning the Champions League final. He will be a key player for Turkey this summer. PA
    Real Madrid's Arda Guler celebrates with the trophy after winning the Champions League final. He will be a key player for Turkey this summer. PA
  • Dutch national team player Xavi Simons in action during a training session at the KNVB Campus in Zeist ahead of Euro 2024. EPA
    Dutch national team player Xavi Simons in action during a training session at the KNVB Campus in Zeist ahead of Euro 2024. EPA
  • Belgium's forward Johan Bakayoko takes part in a training session as part of the team's preparation for Euro 2024. AFP
    Belgium's forward Johan Bakayoko takes part in a training session as part of the team's preparation for Euro 2024. AFP
  • Goals from Slovenia's Benjamin Sesko helped the team qualify for a first major tournament since 2010. PA
    Goals from Slovenia's Benjamin Sesko helped the team qualify for a first major tournament since 2010. PA
  • Georgiy Sudakov, right, is considered to be one of the most talented players to come out of Ukraine in recent years. EPA
    Georgiy Sudakov, right, is considered to be one of the most talented players to come out of Ukraine in recent years. EPA

Euro 2024: Wirtz, Yamal, Mainoo, Sesko and the 10 potential breakout stars in Germany


  • English
  • Arabic

There isn't much that can boost a young player's reputation more than having a breakout major tournament.

Think Enzo Fernandez, who earned a world-record transfer from Benfica to Chelsea after his stellar performances in Qatar in 2022, or Wayne Rooney, who dazzled at Euro 2004 as an 18-year-old and then joined Manchester United from Everton.

This summer, the centre of the footballing world will be Germany, where Europe's leading 24 national teams will compete for continental supremacy.

In the coming weeks rising stars will become household names thanks to their performances in this tournament. Below are 10 young players who could light up Euro 2024.

Florian Wirtz, Germany

Club: Bayer Leverkusen; Position: Attacking midfield; Age: 21; Caps (goals): 16 (1)

The stylish Wirtz has long been earmarked as a future star in Germany, and the 2023/24 season saw him come good on all that promise as he led Bayer Leverkusen to an unbeaten domestic season with a league and cup double. In league matches he reached double figures for both goals (11) and assists (12) to claim the Bundesliga player of the season prize.

That form was replicated in the cups with Wirtz, a dynamic dribbler with a lethal shot from distance, ending up with 18 goals and 20 assists in 49 games across all competitions. That tally of assists was the highest of any player in Europe's big five leagues.

His first international goal arrived in March – Wirtz scored from range after just eight seconds – when Germany upset France 2-0 in a friendly in Lyon. The tournament hosts are likely to field a youthful and fluid attacking front three with Wirtz on the left, another 21-year-old in Jamal Musiala on the right, and Kai Havertz through the middle.

Lamine Yamal, Spain

Club: Barcelona; Position: Winger; Age: 16; Caps (goals): 6 (2)

If there is a record out there for being the youngest to do something in Spanish football then it likely now belongs to Yamal. Notably, he is the youngest player and scorer for Barcelona and the youngest player and scorer in La Liga.

Last September he became the youngest full international and scorer for Spain when he netted on his debut against Georgia. He followed that up with an electric display in a 2-2 draw with Brazil in March.

Either playing from the start or used as an impact sub, expect to see Yamal terrorising defenders down the right wing with his mazy dribbling and eye for goal.

Yamal turns 17 on July 13, the day before the Euro 2024 final.

Joao Neves, Portugal

Club: Benfica; Position: Midfield; Age: 19; Caps (goals): 5 (0)

Portuguese football has been quite the talent factory in recent years, and in Joao Neves it seems they have their next elite midfielder.

The high-energy 19-year-old has flourished at Benfica, mainly used as part of a double pivot, attracting major interest from Manchester United, Arsenal and Paris Saint-Germain.

Neves is tactically astute, happy to take the ball in tight spaces, and is tenacious – punching well above his weight.

Perhaps the trait that stands out the most, however, is his ball-carrying ability, with Neves able to beat his man and accelerate away from trouble with ease to get his team on the front foot. Neves compares favourably in duels and interceptions, but he is so much more than a midfield destroyer.

Kobbie Mainoo, England

Club: Manchester United; Position: Midfield; Age: 19; Caps (goals): 2 (0)

The midfielder's goal in the FA Cup final win over Manchester City and subsequent Euro 2024 call-up capped an astonishing rise for the Manchester United academy product.

Such has been his form – a shining light in an otherwise gloomy campaign at Old Trafford – that he's competing for a starting place in the Three Lions midfield alongside Declan Rice and Jude Bellingham.

Whether it be from the start or from the bench, there's every chance Mainoo will make an impact on England's campaign given his creative talents and knack for producing in the big moments.

Warren Zaire-Emery, France

Club: PSG; Position: Midfield; Age: 18; Caps (goals): 2 (1)

Described as a "diamond" by his club boss Luis Enrique, Zaire-Emery has been one of the major success stories of PSG's season. He became the club's youngest player in August 2022 before making 43 appearances across all competitions. That tally included 11 Champions League games as he helped the Parisians reach the last four.

He marked his senior international debut with a goal in a 14-0 qualifying romp against Gibraltar before being confirmed in Didier Deschamps' final 25-man squad for Germany. Despite having won only two caps, there's every chance that this gifted all-rounder starts the tournament at the heart of the French midfield.

After the Euros he will go straight to the Paris Olympics where he will hope to help the host nation win gold.

Arda Guler, Turkey

Club: Real Madrid; Position: Attacking midfield/winger; Age: 19; Caps (goals): 6 (1)

Guler signed a six-year contract when he joined Real Madrid last summer, with the now European champions viewing the skilful Turkish attacking midfielder as a long-term prospect. With some early injury problems and competition for places red-hot at the Bernabeu, he has struggled for consistent playing time. That said, there have been positive signs and coach Carlo Ancelotti has spoken glowingly of his ability.

When he has played he has been a good source of goals with six coming in just 10 games, including a brace in a 4-4 draw with Villarreal.

Despite his lack of opportunities at his all-conquering club, Guler is already a key player for his country and will be central to their hopes this summer. The presence of Guler and another exciting youngster in the shape of Juventus forward Kenan Yildiz means Turkey should be an exciting watch.

Xavi Simons, Netherlands

Club: RB Leipzig (on loan from PSG); Position: Attacking midfield/winger; Age: 21; Caps (goals): 13 (0)

The Amsterdam-born Simons was a child football prodigy who joined Barcelona's La Masia academy aged seven. He eventually signed professional terms with Paris Saint-Germain and has since made his name in two loan spells away from the Parc des Princes.

The first came at PSV Eindhoven where he scored 22 times in 48 appearances, won the Dutch Cup and was named Dutch player of the year.

He then spent last season with RB Leipzig and was named in the Bundesliga team of the season. He'll expect to break into the first team with PSG next season, although Chelsea and Arsenal are long-term admirers of the tricky attacking midfielder.

Before that, though, he will hope to make a difference for his country. Simons, who has at times drawn criticism from national team boss Ronald Koeman, is expected to be used alongside Liverpool's Cody Gakpo behind focal point Wout Weghorst.

Johan Bakayoko, Belgium

Club: PSV Eindhoven; Position: Winger/forward; Age: 21; Caps (goals): 10 (1)

With Belgium having (mostly) moved on from their previous "golden generation" and now being led by Domenico Tedesco, this tournament represents something of a new dawn.

There are plenty of exciting young players in the squad, such as Charles De Ketelaere and Arthur Vermeeren, but it's out on the wings where they might do some serious damage. Manchester City's Jeremy Doku will start on the left, and PSV Eindhoven star Bakayoko on the right.

The muscular winger has been linked with numerous Premier League clubs in the past 12 months, while new Bayern Munich coach Vincent Kompany is rumoured to be eager to recruit his countryman. After the championship-winning season he has had at PSV, it's hardly a surprise.

Benjamin Sesko, Slovenia

Club: RB Leipzig; Position: Striker; Age: 21; Caps (goals): 28 (11)

With Arsenal, Chelsea and Manchester United all fighting to sign him, it's fair to assume that Sesko has something about him – height, pace and an ever-improving goalscoring record for starters. Not to mention those Erling Haaland comparisons.

Having scored 18 times for Leipzig last season – in addition to the goals that fired Slovenia to a first major tournament in 20 years – and with an achievable release clause in his contract, it's a fair bet he will switch to English football this summer.

And, having landed in Group C alongside the Three Lions – as well as Denmark and Serbia – he will have an opportunity to show Premier League clubs and English fans precisely what he can do.

Giorgiy Sudakov, Ukraine

Club: Shakhtar Donetsk; Position: Midfield; Age: 21; Caps (goals): 12 (1)

A good Euro 2024 might convince one of the clubs monitoring Sudakov to firm up their interest.

The midfielder, twice Ukrainian young player of the year, has been linked with Liverpool, Tottenham and, of course, Chelsea.

Now with more than 100 senior appearances for his club and a regular starter for his country, Sudakov is a versatile and technical midfielder who is capable of carrying out various roles. He is most often used as a conventional central midfielder but has been pushed up into the No 10 position before. There have also been occasions when Sudakov has been used as a left winger for Shakhtar.

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Company%20profile%20
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYodawy%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Egypt%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EKarim%20Khashaba%2C%20Sherief%20El-Feky%20and%20Yasser%20AbdelGawad%3Cstrong%3E%3Cbr%3ESector%3A%20%3C%2Fstrong%3EHealthTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%2424.5%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAlgebra%20Ventures%2C%20Global%20Ventures%2C%20MEVP%20and%20Delivery%20Hero%20Ventures%2C%20among%20others%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20500%3Cbr%3E%3C%2Fp%3E%0A
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
The%20stats%20and%20facts
%3Cp%3E1.9%20million%20women%20are%20at%20risk%20of%20developing%20cervical%20cancer%20in%20the%20UAE%3C%2Fp%3E%0A%3Cp%3E80%25%20of%20people%2C%20females%20and%20males%2C%20will%20get%20human%20papillomavirus%20(HPV)%20once%20in%20their%20lifetime%3C%2Fp%3E%0A%3Cp%3EOut%20of%20more%20than%20100%20types%20of%20HPV%2C%2014%20strains%20are%20cancer-causing%3C%2Fp%3E%0A%3Cp%3E99.9%25%20of%20cervical%20cancers%20are%20caused%20by%20the%20virus%3C%2Fp%3E%0A%3Cp%3EA%20five-year%20survival%20rate%20of%20close%20to%2096%25%20can%20be%20achieved%20with%20regular%20screenings%20for%20cervical%20cancer%20detection%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2025%20to%2029%20should%20get%20a%20Pap%20smear%20every%20three%20years%3C%2Fp%3E%0A%3Cp%3EWomen%20aged%2030%20to%2065%20should%20do%20a%20Pap%20smear%20and%20HPV%20test%20every%20five%20years%3C%2Fp%3E%0A%3Cp%3EChildren%20aged%2013%20and%20above%20should%20get%20the%20HPV%20vaccine%3C%2Fp%3E%0A
Results

57kg quarter-finals

Zakaria Eljamari (UAE) beat Hamed Al Matari (YEM) by points 3-0.

60kg quarter-finals

Ibrahim Bilal (UAE) beat Hyan Aljmyah (SYR) RSC round 2.

63.5kg quarter-finals

Nouredine Samir (UAE) beat Shamlan A Othman (KUW) by points 3-0.

67kg quarter-finals

Mohammed Mardi (UAE) beat Ahmad Ondash (LBN) by points 2-1.

71kg quarter-finals

Ahmad Bahman (UAE) defeated Lalthasanga Lelhchhun (IND) by points 3-0.

Amine El Moatassime (UAE) beat Seyed Kaveh Safakhaneh (IRI) by points 3-0.

81kg quarter-finals

Ilyass Habibali (UAE) beat Ahmad Hilal (PLE) by points 3-0

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.”

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

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Types of policy

Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.

Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.

Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.

Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

MATCH RESULT

Al Jazira 3 Persepolis 2
Jazira:
Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')

EA Sports FC 25
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

From Europe to the Middle East, economic success brings wealth - and lifestyle diseases

A rise in obesity figures and the need for more public spending is a familiar trend in the developing world as western lifestyles are adopted.

One in five deaths around the world is now caused by bad diet, with obesity the fastest growing global risk. A high body mass index is also the top cause of metabolic diseases relating to death and disability in Kuwait,  Qatar and Oman – and second on the list in Bahrain.

In Britain, heart disease, lung cancer and Alzheimer’s remain among the leading causes of death, and people there are spending more time suffering from health problems.

The UK is expected to spend $421.4 billion on healthcare by 2040, up from $239.3 billion in 2014.

And development assistance for health is talking about the financial aid given to governments to support social, environmental development of developing countries.

 

Spider-Man: No Way Home

Director: Jon Watts

Stars: Tom Holland, Zendaya, Jacob Batalon 

Rating:*****

Book%20Details
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PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

RESULTS

Men – semi-finals

57kg – Tak Chuen Suen (MAC) beat Phuong Xuan Nguyen (VIE) 29-28; Almaz Sarsembekov (KAZ) beat Zakaria Eljamari (UAE) by points 30-27.

67kg – Mohammed Mardi (UAE) beat Huong The Nguyen (VIE) by points 30-27; Narin Wonglakhon (THA) v Mojtaba Taravati Aram (IRI) by points 29-28.

60kg – Yerkanat Ospan (KAZ) beat Amir Hosein Kaviani (IRI) 30-27; Long Doan Nguyen (VIE) beat Ibrahim Bilal (UAE) 29-28

63.5kg – Abil Galiyev (KAZ) beat Truong Cao Phat (VIE) 30-27; Nouredine Samir (UAE) beat Norapat Khundam (THA) RSC round 3.

71kg​​​​​​​ – Shaker Al Tekreeti (IRQ) beat Fawzi Baltagi (LBN) 30-27; Amine El Moatassime (UAE) beat Man Kongsib (THA) 29-28

81kg – Ilyass Hbibali (UAE) beat Alexandr Tsarikov (KAZ) 29-28; Khaled Tarraf (LBN) beat Mustafa Al Tekreeti (IRQ) 30-27

86kg​​​​​​​ – Ali Takaloo (IRI) beat Mohammed Al Qahtani (KSA) RSC round 1; Emil Umayev (KAZ) beat Ahmad Bahman (UAE) TKO round

BRIEF SCORES

England 353 and 313-8 dec
(B Stokes 112, A Cook 88; M Morkel 3-70, K Rabada 3-85)  
(J Bairstow 63, T Westley 59, J Root 50; K Maharaj 3-50)
South Africa 175 and 252
(T Bavuma 52; T Roland-Jones 5-57, J Anderson 3-25)
(D Elgar 136; M Ali 4-45, T Roland-Jones 3-72)

Result: England won by 239 runs
England lead four-match series 2-1

Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality
Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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2006 - 2
2007 - 8
2008 - 2
2009 - MC
2010 - 21
2011 - 42
2012 - MC
2013 - 23
2014 - MC
2015 - MC
2016 - 3
2017 - 8

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Updated: June 11, 2024, 8:55 AM