Mark Bresciano shown during a Qatar Stars League match with his club, Al Gharafa, in Doha. Karim Jaafar / Al-Watan Doha / AFP / February 23, 2013
Mark Bresciano shown during a Qatar Stars League match with his club, Al Gharafa, in Doha. Karim Jaafar / Al-Watan Doha / AFP / February 23, 2013

Former Al Nasr man Mark Bresciano wants Australia to ‘shock the world’



Veteran Mark Bresciano said Wednesday the Socceroos plan to “shock the world” as they departed for Brazil to headlines asking: “Will Australia be the worst team at the World Cup?”

The inexperienced Australians, the lowest ranked team in the World Cup at 59, face a daunting task against Spain, the Netherlands and Chile in Group B.

Bresciano, the 34-year-old current Al Gharafa midfielder and former Al Nasr, Parma and Lazio man, said he was excited about heading to his third World Cup and believed the team could hold its own.

“It’s always a dream going to a World Cup, regardless if it’s your first or third,” he told reporters at Sydney airport where hundreds of fans saw off Ange Postecoglou and his squad.

“I guess the expectation is maybe a little bit high (this time) because, in the last nine or 10 years, we’ve been very successful as a nation.

“Saying that, we know that we are going to Brazil in a very tough group but we’re going to go there and just try and do our country proud and do ourselves proud and try and shock the world.”

His confidence is in stark contrast to the nation’s media which has largely written off their chances with the Sydney Morning Herald on Wednesday suggesting the Socceroos would be the worst team in Brazil.

Chief football writer Michael Lynch wrote the Socceroos, effectively, had no chance.

“As do the world rankings, which place Australia last of the World Cup qualifiers in 59th spot (between Mali and Burkina Faso).

“And judging by the social media response to the Socceroos’ stuttering 1-1 draw against a less-than-fearsome South Africa on Monday night, large numbers of the Australian public share that pessimistic view.”

The Australian newspaper’s Ray Gatt said the team were leaving “with the sound of doom and gloom ringing in their ears”.

“One former captain (Paul Wade) believes they’ll be smashed, few fans hold out any hope they’ll get through the knockout stage and the critics believe they’ll be lucky to score a goal, let alone get a point,” he said.

The Socceroos will be one of the first teams to arrive in Brazil ahead of the showpiece tournament and Bresciano believes it will work in their favour.

“I think it’s worth getting there as early as possible – just to get the feel of the World Cup, get a feel of the atmosphere and get to know where we’re travelling ... so you can focus on your training leading up to the friendly game and obviously the World Cup,” he said.

Australia’s squad of 27 will be reduced to 23 on June 2, before they face Croatia in a warm-up on June 6 ahead of their World Cup opener against Chile on June 13.

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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The National photo project

Chris Whiteoak, a photographer at The National, spent months taking some of Jacqui Allan's props around the UAE, positioning them perfectly in front of some of the country's most recognisable landmarks. He placed a pirate on Kite Beach, in front of the Burj Al Arab, the Cheshire Cat from Alice in Wonderland at the Burj Khalifa, and brought one of Allan's snails (Freddie, which represents her grandfather) to the Dubai Frame. In Abu Dhabi, a dinosaur went to Al Ain's Jebel Hafeet. And a flamingo was taken all the way to the Hatta Mountains. This special project suitably brings to life the quirky nature of Allan's prop shop (and Allan herself!).

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

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COMPANY PROFILE

Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

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Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

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The specs

Engine: 1.5-litre, 4-cylinder turbo

Transmission: CVT

Power: 170bhp

Torque: 220Nm

Price: Dh98,900

About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

UAE currency: the story behind the money in your pockets
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5