Sharjah manager Abdulaziz Al Anbari expects a tough game against Al Ain on Saturday. Chris Whiteoak / The National
Sharjah manager Abdulaziz Al Anbari expects a tough game against Al Ain on Saturday. Chris Whiteoak / The National
Sharjah manager Abdulaziz Al Anbari expects a tough game against Al Ain on Saturday. Chris Whiteoak / The National
Sharjah manager Abdulaziz Al Anbari expects a tough game against Al Ain on Saturday. Chris Whiteoak / The National

Abdulaziz Al Anbari calls on Sharjah to 'respect' Al Ain ahead of Arabian Gulf League clash


Amith Passela
  • English
  • Arabic

FIXTURES

Saturday
5.30pm: Shabab Al Ahli v Al Wahda
5.30pm: Khorfakkan v Baniyas
8.15pm: Hatta v Ajman
8.15pm: Sharjah v Al Ain
Sunday
5.30pm: Kalba v Al Jazira
5.30pm: Fujairah v Al Dhafra
8.15pm: Al Nasr v Al Wasl

Sharjah manager Abdulaziz Al Anbari insists the Arabian Gulf League table-toppers will not be taking Al Ain lightly when the two teams meet at the Sharjah Stadium on Saturday.

Sharjah, the defending AGL champions, hold a three-point lead over Al Jazira at the top of the standings after 15 matches. Al Ain, meanwhile, are 12 points further back in sixth.

Despite the gulf, Al Anbari has urged his Sharjah players against complacency when they face a club that were second in the table last season before the campaign was null and voided in response to the coronavirus pandemic.

“We are playing against a club that always demands respect of every team in any competition,” Al Anbari said of Al Ain.

“They are in the middle of the league at the moment but it doesn’t make them any weaker. It obviously is a tough game but our players are aware how important this game is for us.

“We don’t want to think too much of our opposition anyway but concentrate on our own game and win the three points.”

Al Ain manager Pedro Emanuel is aware of the dangers posed by Sharjah but believes his players can get a result if they play to the best of their abilities.

“It’s a very important game for us and we know every little detail matters in this because Sharjah possess a strong attack,” Emanuel said.

“We also have a strong attack and I have a lot of confidence we can outplay the opposition if we play true to our potential. We created some scoring opportunities in the last game and then conceded an early goal.

“However, to be fair we have been struggling with a lot of absentees during the season. Some of them haven’t played together for a long time and it resulted in the breakdown of our movements on the pitch.

“I’m not finding excuses but these are the realities. We certainly are a stronger side if we can get the combinations right, which we are very hopeful of doing against Sharjah.”

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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.”

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FIXTURES

Saturday
5.30pm: Shabab Al Ahli v Al Wahda
5.30pm: Khorfakkan v Baniyas
8.15pm: Hatta v Ajman
8.15pm: Sharjah v Al Ain
Sunday
5.30pm: Kalba v Al Jazira
5.30pm: Fujairah v Al Dhafra
8.15pm: Al Nasr v Al Wasl