Paulo Sousa has already led Shabab Al Ahli to the Pro League title. AFP
Paulo Sousa has already led Shabab Al Ahli to the Pro League title. AFP
Paulo Sousa has already led Shabab Al Ahli to the Pro League title. AFP
Paulo Sousa has already led Shabab Al Ahli to the Pro League title. AFP

UAE President's Cup: Paulo Sousa says Shabab Al Ahli must be 'fearless' against Sharjah


Amith Passela
  • English
  • Arabic

The top two teams in the Adnoc Pro League – Shabab Al Ahli and Sharjah – will go head-to-head when they clash in the President’s Cup final at Mohamed bin Zayed Stadium in Abu Dhabi on Friday.

Shabab Al Ahli, the runaway leaders, arrive with the league title freshly secured. They enjoy an unassailable 11-point advantage over second-placed Sharjah with three games left.

The Dubai Club and Sharjah also share the record of winning the President’s Cup on 10 occasions each.

Shabab Al Ahli won the Super Cup and were edged out of the ADIB League Cup by Al Jazira, while Sharjah will be determined to round off their campaign by claiming silverware and depriving their rivals of a league and cup double.

“I am very happy to speak about the most beautiful and the most talented team this season and looking forward to a positive result,” said Shabab Al Ahli's Portuguese manager Paulo Sousa at Thursday's pre-match press conference.

“We want to be the best team this season and the next. We need to be a team that is brave, passionate and have the ambition to be the winner. Having said that, we’ll not undermine our opponents who have a manager with an outstanding track record.

“We are aware of Sharjah’s strength. They are very good in defending and quite determined in all their attacks. There is a lot of balance in the competition between the two teams. We will play fearless football.”

Cosmin Olaroiu led Sharjah to successive President’s Cup titles in 2022 and 2023 and will be aiming to add a third at the club.

“We are in the final and it’s already an achievement for us with a young team,” said the Romanian, who has agreed a two-year deal to coach the UAE national team.

“We will play our best as always. This obviously is a big occasion for our club and for our fans, and we have the experience of playing in the President’s Cup finals, which we’ll use to our advantage.

“Obviously it’s a difficult game but with the right approach and mindset, we can pull it off. I think the teams know each other and hopefully we can provide the fans a show on the night.”

Sharjah will also have the chance to lift continental silverware when they face Singapore's Lion City Sailors in the AFC Champions League 2 final on May 18.

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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.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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  • Power: 640hp
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Results

Stage three:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-43

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Tom Dumoulin (NED) Jumbo-Visma, at 14s

4. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

5. Joao Almeida (POR) UAE-Team Emirates, at 22s

6. Mikkel Bjerg (DEN) UAE-Team Emirates, at 24s

General Classification:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-13-02

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Jasper Philipsen (BEL) Alpecin Fenix, at 12s

4. Tom Dumoulin (NED) Jumbo-Visma, at 14s

5. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

6. Joao Almeida (POR) UAE-Team Emirates, at 22s

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

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Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

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6.30pm: Sheikha Fatima bint Mubarak (IFAHR) Apprentice Championship (PA) Prestige; Dh100,000; 1,600m​​​​​​​
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India Test squad

Virat Kohli (c), Mayank Agarwal, Rohit Sharma, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Rishabh Pant (wk), Wriddhiman Saha (wk), Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill

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'I Want You Back'

Director:Jason Orley

Stars:Jenny Slate, Charlie Day

Rating:4/5

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners

Monster Hunter: World

Capcom

PlayStation 4, Xbox One

Charlotte Gainsbourg

Rest

(Because Music)

Updated: May 08, 2025, 3:47 PM