About this time four years from now, the UAE might want to invest in some voodoo dolls of Graham Arnold, ready to skewer. Maybe then, four decades of hurt will finally come to an end.
Or any passing Australian, really. For three World Cup cycles in a row now, the tears of UAE players and supporters have been broadcast live and in HD as their qualification hopes have been summarily ended by Arnold – or a version of him.
In 2017, the chances of the UAE’s “Golden Generation” playing at Russia in 2018 were sunk by Australia in Sydney.
In the home dugout was a gruff, uncle-type figure, full of spiky repartee about his take on the beautiful game. That was, in fact, Ange Postecoglou. Not Arnold per se, but not far removed.
Then, in 2022, the UAE made it as far as a last-chance play-off, with a World Cup in neighbouring Qatar within touching distance. The denouement? A 2-1 defeat via a late goal to an Australia side coached by Arnold.
Sound familiar? Painfully so. On Tuesday night, exactly the same thing played out. Only, the opposition were Iraq, the venue the cacophonous Basra International Stadium, and the winning goal even later.
Seventeen minutes into stoppage time, Amir Al Ammari calmly stroked a penalty into the top corner to keep alive Iraq’s hopes of a first appearance at the finals since 1986.
Arnold went dancing down the touchline, soaking in the delirium. And for the UAE, the wait for a second ever World Cup, and first since 1990, continued tortuously.
Iraq 2-1 UAE - in pictures
It was courageous effort from Al Ammari: a winning penalty in injury time of a vital game watched by millions is Boy’s Own fantasy stuff.
His composure at a time of such stress was no surprise. Speaking at the Mohamed Bin Zayed Stadium on the eve of the two-legged play-off between UAE and Iraq, he had been the personification of headstrong.
He said he and his side did not care what anyone thought of them. They only cared about themselves, and he said the whole of the Iraq set-up was like a family.
The players were brothers, he said, and the coaching staff were all fathers or uncles. “Grandads, more like”, Arnold, who was sat next to him, growled proudly.
Arnold has been there, done that, got the Qatar 2022 T-shirt. The UAE, for their part, only ever seem to have tear-soaked handkerchiefs for souvenirs.
The more things change, the more they stay the same.
Naturalisation has pros and cons
The make-up of the national team is the polar opposite of what it was eight years ago, for example, but the World Cup remains beyond them.
The crop is not exactly golden anymore. It felt apt that Omar Abdulrahman, the spiritual leader of the side from eight years ago in which such hopes were invested, announced his retirement a couple of days before the play-off against Iraq.
The era of “Amoori” already seems sepia tinted. His side, which lost out in Sydney back then, comprised of 11 Emiratis.
Whatever precious metal could be best attributed to a multicultural, and seemingly ever in flux, current vintage, is hard to say.
There was only one UAE-born outfield player in their starting XI for Tuesday’s game in Basra, the Al Ain schemer of Egyptian origin Yahia Nader. Aside from him, the remaining outfield players were variously born in Tunisia, Brazil, Ivory Coast, Argentina, and Portugal.
So much has been made of naturalisation. And rightly so. It is a thorny issue, and with no correct, or one-size-fits-all answer. It brings diversity of expertise and know-how. But there are drawbacks, too. The process takes a minimum of five years, as per Fifa’s eligibility rules.
It has meant that many of the project players in which the UAE have invested have only become available near the end of the four-year qualifying cycle.
Nicolas Gimenez, for example, had not played a competitive fixture for the UAE before their last-chance play-off against Oman and Qatar in Doha last month.
Yet he was one of the first names on the teamsheet thereafter – one each against Oman and Qatar, then the two legs against Iraq.
He is 29 already and just starting out in international football. Other players who have quickly become pillars of Cosmin Olaroiu’s side are similarly new to it.
Ruben Canedo, the brilliant left-back, has five caps. Luan Pereira now has seven full UAE caps to go with the ones he won at age-group level for Brazil.
Marcus Meloni, the hero of Doha, has quickly become the darling of the Emirati fans. He only debuted in November.
That trio, at least, are in their mid-20s and will be primed to assist the push for the next World Cup. Others are less likely to be around.
Fabio De Lima, who was much missed due to a hamstring injury for the play-off against Iraq, is 32 now. Caio Lucas, who thought he had scored the winner in Iraq, only for it to be chalked off for offside, is 31. Each could play a role in the country’s Asian Cup bid in two years’ time, but the 2030 World Cup feels like a stretch.
Olaroiu was always playing catch up
Whatever personnel changes are forthcoming, the national team is in safe hands with Olaroiu at the helm. But should he have been brought in when he was? Would the UAE not have been better off giving Paulo Bento the chance to finish what he had started?
Bento’s side had scored eight unanswered goals, against Kyrgyzstan and Qatar, in the World Cup qualifying window previous to the one in which he was axed.
For this mission, Olaroiu was playing catch up from the moment he was appointed. The Romanian coach was given a lead in of two weeks to the final two qualifying matches, against Uzbekistan and Kyrgyzstan, to turn things around.
This was the most successful coach in UAE club football history. If anyone was going to do it, it was him. But, for all his nous, all the trophies, and all his knowledge of the domestic scene, it was too big an ask.
There was still the safety net of the repechage play-offs. But the foundations were not firm enough.
Now, at least, Olaroiu can set out a longer term plan, and try to work out a roadmap to 2030.
And, whatever else is on his masterplan, he might want to heed one piece of advice: try to avoid teams coached by Graham Arnold.
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Tank warfare
Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks.
“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.
“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”
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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.”
MATCH INFO
Manchester United v Manchester City, Wednesday, 11pm (UAE)
Match is on BeIN Sports
Friday's schedule at the Etihad Airways Abu Dhabi Grand Prix
GP3 qualifying, 10:15am
Formula 2, practice 11:30am
Formula 1, first practice, 1pm
GP3 qualifying session, 3.10pm
Formula 1 second practice, 5pm
Formula 2 qualifying, 7pm
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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Uefa Champions League play-off
First leg: Wednesday, 11pm (UAE)
Ajax v Dynamo Kiev
Second leg: Tuesday, August 28, 11pm (UAE)
Dynamo Kiev v Ajax
MWTC info
Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.
Results
1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000
2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000
3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000
Asia Cup Qualifier
Venue: Kuala Lumpur
Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September
Fixtures:
Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6: Final
Asia Cup
Venue: Dubai and Abu Dhabi
Schedule: Sep 15-28
Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
Specs
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5