UAE fall to narrow defeat against Iran in World Cup qualifier


Amith Passela
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Mehdi Ghayedi’s first-half goal deep in added time gave Iran a narrow 1-0 win over the UAE in their World Cup qualifier at the Hazza bin Zayed Stadium in Al Ain on Tuesday.

Defender Khaled Ibrahim saw his clearance blocked by Ghayedi and the Iranian was able to pick up possession drift into the box and fire home inside Khalid Essa's near post via a slight deflection off Khalifa Al Hammadi that left the goalkeeper helpless.

It proved to be the only goal of the game in an absorbing showdown at the packed 25,000 capacity stadium that leaves Iran joint top of Group A with Uzbekistan after successive 1-0 victories and the home side unable to repeat the heroics that saw them beat Qatar in their opening match.

The result maintained Iran’s tight hold of their undefeated record over the UAE, stretching it to 12 wins and three draws in tournament meetings dating back to 1980.

Paulo Bento started with an unchanged line-up with the side that whipped Qatar 3-1 four days ago but they just could not raise the bar against a team that is seeking a fourth consecutive appearance at the World Cup and seventh overall.

The first half was evenly contested with neither side able to take control of the game and few clear-cut chances.

Iran's Saman Ghoddos saw a right-footed strike drift wide of the post early on, while Yahya Al Ghassani’s effort from outside the area was blocked by goalkeeper Alireza Beiranvand.

Caio Canedo saw his header from the left side of the six-yard box from a Tahnoon Al Zaabi cross following a set piece drop wide of the target.

After the break, UAE substitute Ali Saleh – scorer against Qatar last week – made an immediate impact with an effort that was saved by Beiranvand but moments later Iran should have doubled their advantage only for sub Sardar Azmoun to get his feet in a tangle and fluff an opportunity from inside the six-yard box.

Azmoun was denied again this time due to a fine save from Essa and while Bento’s men kept the pressure on the other end, the Iranian defence remained solid.

With four minutes to go, UAE thought they had been handed a lifeline when they were awarded a penalty after Ali Saleh's cutback appeared to hit the arm of Iranian defender Saleh Hardani only for the decision to be overruled after VAR review.

While UAE threw caution to the wind after 10 minutes of injury-time but were mostly restricted to speculative efforts from distance with either flew way off target or were comfortably stopped by Beiranvand.

In the other Group A matches, Qatar were held to a 2-2 draw against 10-man North Korea in Laos while table-topping Uzbekistan came out on top 3-2 away to Kyrgyzstan, leaving the UAE third in the table.

The national team's next match is at home to North Korea on October 10 before they take on Uzbekistan five days later in Tashkent.

Labour dispute

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UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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.”

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

Fixtures

Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am

Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am

Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am

Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Updated: September 11, 2024, 6:18 AM