Al Jazira manager Marcel Keizer. Courtesy Al Jazira FC
Al Jazira manager Marcel Keizer. Courtesy Al Jazira FC
Al Jazira manager Marcel Keizer. Courtesy Al Jazira FC
Al Jazira manager Marcel Keizer. Courtesy Al Jazira FC

Al Jazira ready for 'difficult task' against Al Ain as AGL title race enters penultimate stretch


Amith Passela
  • English
  • Arabic

Al Jazira manager is backing his players to overcome a tough task against Al Ain heading into the penultimate round of Arabian Gulf League.

Al Jazira and Baniyas enter the closing stretch with a point separating them in the title race.

A win for Jazira over Al Ain at Mohamed bin Zayed stadium and a draw or defeat for Baniyas at Al Dhafra can give the ‘Pride of Abu Dhabi’ a third league title on Friday.

Jazira manager Marcel Keizer described their meeting with Al Ain as “difficult but not impossible”.

“Al Ain remain strong and at large, regardless of their standing in the league,” the Dutchman said.

“Our meeting in the first round ended in a 2-2 draw. However, we know they are a good side and we are facing a difficult task. Obviously our goal is to try and win this game.”

Any other result would mean the title race will be decided on the final round of the league for which a date is yet to be announced.

In case Jazira and Baniyas finish the league on equal points, the former will be declared winner on the head-to-head games, having won the first leg 3-2 and the return match ending in a 3-3 result.

Jazira failed to stretch their lead over Baniyas, who were held to a scoreless result by Shabab Al Ahli, when they were also held to a 3-3 draw by the struggling Ajman last week.

“Yes, we lost two possible points after leading twice in the game, which was very disappointing. However, from the reactions of my players, I feel we still can take a lot of positives from that result,” Keizer said.

Al Ain manager Pedro Emanuel believes the pressure is on Jazira with a potential title to play for.

“Playing Jazira is always a big game for us but it’s pressure game for them as they are battling for the league title,” the Portuguese said.

“Winning is important for both teams and we are as determined to return with three points as they are. I expect a good game and the team with more possession to win this game.”

Baniyas manager Daniel Isaila may have a seemingly easier task when they travel to Al Dhafra.

“The pressure is on both teams after the situation remains the same following the stalemates,” the Romanian pointed out.

“We drew against a team that defeated the Asian Champions [Al Hilal of Saudi Arabia] in the Asian Champions League game last month. I thought it was a satisfying result.

“However, we don’t underrate any team. We know Dhafra are strong on their home turf. They certainly don’t have the pressure as we do. For us, we need to win this game to keep our title hopes alive.”

How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press

Points tally

1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3

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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

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