Sri Lanka's Angelo Mathews tries to push a spinning delivery down as India's captain and wicketkeeper Mahendra Singh Dhoni watches on in hope.
Sri Lanka's Angelo Mathews tries to push a spinning delivery down as India's captain and wicketkeeper Mahendra Singh Dhoni watches on in hope.

Good start for Sri Lanka but nobody's amused



George Bernard Shaw once described cricket as a "game played by 22 fools and followed by 22,000 fools". Now, Shaw did not really despise the sport - he "sneered at the games, but could not keep away", as CLR James, the cricket historian, observed.
Many of today's fans would fall into that category, especially on days when they have to sit through the ennui of Test matches between India and Sri Lanka on the lifeless pitches of the Emerald Isle. Fishing in a muddy hole would be a lot more entertaining. Even the batsmen themselves find it a yawn piling runs on such tracks.
"You needed extraordinary bowlers to take wickets on this pitch," Mahela Jayawardene, the Sri Lanka batsmen, wrote after the second Test at the Sinhalese Sports Club that saw only 17 wickets fall across five days of absolute drudgery.
If Test cricket needed a shot in the arm, this game was it. "We probably need more sporting pitches," Jayawardene added, and the curator at P Sara Oval listened to his plea. He has come up with a livelier wicket for the third Test, but after a gripping first session India's bowlers must have been wishing they could hire Leonardo DiCaprio's gang from the film Inception to plant ideas in the Sri Lankan batsmen's heads - namely to take unnecessary risks.
For the first time in this series, India had an early success in the innings. With Sri Lanka on 15, Ishant Sharma, in the middle of a probing spell, got the edge of Tharanga Paranavitana's bat. Their earliest wicket before this came with 50 runs on the board in the second innings of the last Test. With Sri Lanka on 59, Abhimanyu Mithun would have added a second but for Suresh Raina's recklessness at second slip. Kumar Sangakkara, on 23, stabbed at a delivery and the edge was going straight to VVS Laxman at second slip. It would have been a comfortable take, but Raina lunged out in front of his teammate and dropped the ball. That miss indicated another session of hard toil was in the offing for the Indian bowlers, but then, they had a wish come true. Tillakaratane Dilshan was run-out - off a no-ball to top it all - as he strolled down the pitch after pushing the ball to the off. Murali Vijay, at silly point, lunged to stop the ball and flicked it back to MS Dhoni, surprising Dilshan and catching him with his bat in the air. Sangakkara (75) also became the architect of his own downfall when he lofted Pragyan Ojha straight to Virender Sehwag at long-off. The Sri Lanka captain, looking in absolute command until then, left the crease enraged at himself. Jayawardene and Thilan Samaraweera, however, kept the errors to a minimum, until Ojha got the latter's wicket with a ball that gripped and straightened off the pitch.
That dismissal would have certainly pleased spinners on either side; it promises plenty for their ilk and an even battle between ball and bat as the match progresses. With the quality of batsmen in both teams, it should make for an engrossing spectacle. That is what Test cricket is all about.
Shaw's "22,000 fools" - and a few million more watching on television - will not be sneering then.
arizvi@thenational.ae
Sri Lanka (1st innings): T Paranavitana c Dhoni b Sharma 8 T Dilshan run out 41 K Sangakkara c Sehwag b Ojha 75 M Jayawardene lbw b Ojha 56 T Samaraweera not out 65 A Mathews not out 26 Extras: (b-4, lb-2, nb-14, w-2) 22 Total: (four wickets, 86.5 overs) 293 Fall of wickets: 1-15 2-102 3-157 4-241 Bowling (to date): Mithun 17.5-2-57-0 (2-w), Sharma 15-4-49-1 (3-nb), Mishra 25-1-99-0 (6-nb), Ojha 26-2-78-2 (4-nb), Sehwag 3-0-4-0 (1-nb).

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.”

Golden Shoe top five (as of March 1):

Harry Kane, Tottenham, Premier League, 24 goals, 48 points
Edinson Cavani, PSG, Ligue 1, 24 goals, 48 points
Ciro Immobile, Lazio, Serie A, 23 goals, 46 points
Mohamed Salah, Liverpool, Premier League, 23 goals, 46 points
Lionel Messi, Barcelona, La Liga, 22 goals, 44 points

FIXTURES

All kick-off times UAE (+4 GMT)
Brackets denote aggregate score

Tuesday:
Roma (1) v Shakhtar Donetsk (2), 11.45pm
Manchester United (0) v Sevilla (0), 11.45pm

Wednesday:
Besiktas (0) v Bayern Munich (5), 9pm
Barcelona (1) v Chelsea (1), 11.45pm

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

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. 

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”


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