The Palestinian women’s football team saw a crushing defeat in their first match in Asian Cup qualifiers — a 6-0 loss to Thailand — but for captain Claudie Salameh, the score means little.
“Playing football for girls in Palestine is an enormous challenge,” she said after the match.
“We face world football but also (challenges) in our country where an outdated vision of girls playing football exists.”
Palestinian women football players have sought to overcome traditional attitudes and the difficulties imposed by Israel’s occupation to build a team now competing in Asian Cup qualifiers.
The other teams in the Asian Cup qualifying group — Thailand and China — have been training together for a long time.
But the members of the Palestinian team were only together for 20 days before their match on Monday in Al-Ram, the Palestinian city cut off from Jerusalem by Israel’s separation wall.
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“We have to prove to our own people that girls can and know how to play football,” said Salameh while waving her hands expressively, her fingernails painted with flamboyant red polish — the same colour as the Palestinian jerseys.
On Wednesday, they will play their second cup qualifier against China as part of their aim to reach the 2018 tournament to be held in neighbouring Jordan.
The two other countries meant to be in the group — Lebanon and Guam — have withdrawn.
Palestinian women’s football has existed in organised form for less than 10 years.
The first team was formed in 2009 with little financial support and controversy over women playing what is seen by some as a man’s game in shorts.
There are now four teams playing outdoors and about a dozen indoors. About 400 girls over 14 are registered as players.
The players face both “cultural obstacles” and, like all Palestinians, those imposed by the Israeli army due to the 50-year occupation of the West Bank, said Hanadi Nasser Eldin, head of women’s football for the Palestinian federation.
Receiving permission from the Israeli authorities for players to travel as well as for equipment to be transported are issues that have been looked at by Fifa.
But on a more personal level, due to traditional attitudes, the players are subjected to debates over their clothes and the pursuit of sporting activity past the age when some believe they should be married.
The subject has come up at sermons in some mosques.
In the Gaza Strip, the other Palestinian territory separated from the West Bank by Israel and run by Islamist movement Hamas, only a small number of girls play indoor football.
Members of the Palestinian national team come from the West Bank or Arab Israeli communities.
Beyond trying to win, a major challenge for the players is building a programme and making their presence known.
Riham Al-Moghrabi, around 20, was one of the rare fans taking in Monday’s game at the Faisal Al-Husseini stadium — the only international Palestinian football venue.
Having travelled from the West Bank city of Jericho, she said she felt the players had “a strength, a will and a gift that can both serve them and the whole country”.
“Playing football for girls is not something to be ashamed of or a sin,” she said.
Jibril Rajoub, head of the Palestinian Football Federation, has been working to bring Palestinian teams — as well as the flag, anthem and cause — to all international sporting events.
The federation works not only on training players and coaches, but “also for rules guaranteeing the place of women — half of society — in this sporting revolution,” he said.
* Agence France-Presse
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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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