It has been a stealthy shift of power, although it can scarcely be said to have happened on the quiet. The noise generated across Egypt at the moment Mohamed Salah's penalty ensured the Pharaohs a place at a World Cup finals for the first time since 1990 still hums, a month later.
By the end of this weekend, Egypt may well have been joined by two more nations from north Africa, breaking the continent’s entrenched habits. At the Brazil World Cup, the same five African countries who qualified for the 2010 edition in South Africa all appeared again, four of them from the sub-Saharan region.
In Russia, it may well be that only Nigeria survive for a third successive World Cup and are accompanied this time by a trio of countries from the north.
Tunisia, who need just a point at home to Libya – already out of contention - to secure their first participation since 2006, are best placed. Morocco feel tantalisingly close. A draw in Ivory Coast would put the so-called Atlas Lions through and end a 20-year absence for a country which had been the pathfinder for the continent at the sport’s greatest showpiece.
Morocco, back in 1970, were the first African country to win a point at a World Cup. Sixteen years later, they were first to reach the second phase at a finals.
In the period since, west Africa has largely set the highest standards, and in the 21st century, it has supplied the global stars, from Samuel Eto’o to Didier Drogba to Yaya Toure. But last year, a Maghrebian was named Africa’s Footballer of the Year, Riyad Mahrez the first player from the north to take the award since Morocco’s Mustapha El Hadji, back in 1998.
Mahrez's Algeria may have had a spectacularly disappointing year, but their near-neighbours are heading upwards. Salah looks favourite to be named the next African Football of the Year, the embodiment of Egypt's renaissance after the turmoil that impacted on its football in the years of political strife.
Last weekend, the African Champions Cup final was contested by Al Ahly of Cairo and Wydad Casablanca, the Moroccan club edging to victory over two legs to secure their place in December's Fifa Club World Cup to be held in the UAE. It had been the first time in five years two Mena (Middle East and North Africa) teams finished first and second in Africa's premier club tournament. The north dominated, with two Tunisian clubs, and Al Ahli of Tripoli and USM Alger in the quarter-finals and a clean sweep of contenders from Mediterranean nations in the last four.
And if there’s one man swimming with this tide, it is Herve Renard, the manager of Morocco. The Frenchman, conspicuous on the touchlines of Africa’s stadiums for the last decade in his smart, bright white shirt, has made history in southern Africa, in west Africa and now hopes to do so in the north.
“It has always been a dream of mine to go to a World Cup. Morocco has all the resources to be successful but maybe has a tendency to suffer under the burdens of past triumphs,” Renard said.
Renard managed Zambia to a historic triumph at the Africa Cup of Nations in 2012. He then steered Ivory Coast to the same prize three years later, and though Morocco could not deliver an unprecedented treble for him at the Nations Cup this year, he has guided them to top of the World Cup table, a point above Ivory Coast ahead of Saturday’s decisive qualifier.
Renard’s presence in Abidjan, perhaps wearing his "lucky" white shirt, is unnerving for the Ivorians, many of whom played under him.
“He’s very meticulous as a coach,” said Salomon Kalou, the Ivory Coast striker aiming to reach his third World Cup. “He will try to use his knowledge of how we work.”
Renard’s knowledge of Abidjan certainly means one thing: He recognises the last step to Russia will not be negotiated quietly.
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
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.”
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
COMPANY%20PROFILE
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COMPANY%20PROFILE
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Gulf Under 19s
Pools
A – Dubai College, Deira International School, Al Ain Amblers, Warriors
B – Dubai English Speaking College, Repton Royals, Jumeirah College, Gems World Academy
C – British School Al Khubairat, Abu Dhabi Harlequins, Dubai Hurricanes, Al Yasmina Academy
D – Dubai Exiles, Jumeirah English Speaking School, English College, Bahrain Colts
Recent winners
2018 – Dubai College
2017 – British School Al Khubairat
2016 – Dubai English Speaking School
2015 – Al Ain Amblers
2014 – Dubai College
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
'I Want You Back'
Director:Jason Orley
Stars:Jenny Slate, Charlie Day
Rating:4/5
Why does a queen bee feast only on royal jelly?
Some facts about bees:
The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer
The life cycle of a worker bee is from 40-60 days
A queen bee lives for 3-5 years
This allows her to lay millions of eggs and allows the continuity of the bee colony
About 20,000 honey bees and one queen populate each hive
Honey is packed with vital vitamins, minerals, enzymes, water and anti-oxidants.
Apart from honey, five other products are royal jelly, the special food bees feed their queen
Pollen is their protein source, a super food that is nutritious, rich in amino acids
Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments
Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive, protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts
Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain
Honey, royal jelly, pollen have health enhancing qualities
The other three products are used for therapeutic purposes
Is beekeeping dangerous?
As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.
“The biggest mistake people make is they panic when they see a bee. They are small but smart creatures. If you move your hand quickly to hit the bees, this is an aggressive action and bees will defend themselves. They can sense the adrenalin in our body. But if we are calm, they are move away.”
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
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
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Honeymoonish
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