BANGALORE, INDIA // Until yesterday, he was in danger of becoming the Indian team’s Invisible Man.
There has been so much attention paid to others in recent times that it has been easy to forget Yuvraj Singh averages nearly 37 after a decade-long career and that his left-arm spin has brought him nearly 100 wickets.
Five of them came yesterday in a decisive mid-innings spell that set up India for an ultimately comfortable five-wicket win over Ireland that puts them top of Group B at the World Cup.
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More
• New, improved Shoaib Akhtar is good sign for Pakistan
• The Irish are becoming the talk of town at the World Cup
• Dhoni to bolster batting in wake of Ireland's O'Brien threat
• England beat South Africa in low-scoring thriller
• Points table
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After two successive run-fests, the curator had come up with a surface that was much more amenable to spin. But with Piyush Chawla getting quite a pasting and Harbhajan Singh worrying wicketless, it needed Yuvraj to make short work of the middle and lower order.
The key wickets did not come off especially good deliveries. Kevin O’Brien had savaged England’s finest on his way to 113 on Wednesday night, but made just nine here before smashing one straight back at him.
A quarter of an hour later, William Porterfield, who had batted quite beautifully for his 75, made room and stroked one to Harbhajan at cover.
Just as damaging to Irish hopes of a big total was the arm of Virat Kohli, after he swooped down at cover and threw to MS Dhoni for a run out to end the 113-run partnership between Porterfield and Niall O’Brien that had resuscitated the innings after a dismal start.
Zaheer Khan was outstanding, with the batsmen not knowing which way the ball would move, but support was once again thin until Yuvraj stepped in.
The bowling of Yusuf Pathan and Harbhajan did not faze O’Brien and Porterfield even on a responsive pitch, while Chawla’s line was awry from the start.
With games against South Africa and the West Indies to follow what should be a straightforward one against the Netherlands in Delhi on Wednesday, Dhoni may well need to rethink his team composition.
For once, all the front-line batsmen were needed as Ireland, and George Dockrell in particular, defended a low total with real tenacity. Porterfield will also reflect on the injury woes that deprived him of Andre Botha – the star of the show against Pakistan in 2007 who injured his groin in the warm-up against England – and Trent Johnston, who limped off with a jarred knee after a superb five-over spell.
Johnston is now 36 and most recognised for his funky-chicken celebrations on taking a wicket. That was in evidence twice early on as Virender Sehwag and Gautam Gambhir both played poor shots to leave India precariously placed at 24 for two.
Sachin Tendulkar and Virat Kohli were watchful while adding 63, and the capacity crowd soon realised that this would be no stroll in the park. Dockrell was getting bite and turn, and produced two wonderful deliveries to dismiss Tendulkar and Dhoni.
When Kohli was run out to leave India 100 for four, there was still a glimmer of hope. But with Johnston gone for a scan, Dockrell was the only wicket-taking threat.
Through it all, Yuvraj stood his ground to make an unbeaten 50, finding the gaps and only rarely showing the shot-making ability that makes him so exciting to watch. It was scratchy rather than fluent, but for a man who has not been anywhere near his best in the past 12 months, just staying to the end was the greatest satisfaction.
“Ireland played well to put us under pressure,” he said afterwards. “Getting a five-for gives you a lot of confidence when you come out to bat. I think they fielded exceptionally. We had to play really well.”
Ireland, once again the Cinderella story of the competition, now head to Mohali to face the West Indies. "An extra 40 runs would have been interesting," Porterfield said. "We are a fighting side. There are three games left, there's no reason we can't beat any of those teams."
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SCORECARD
Ireland:
W Porterfield c Harbhajan b Yuvraj 75
P Stirling b Zaheer 0
E Joyce c Dhoni b Zaheer 4
N O'Brien run out 46
A White c Dhoni b Yuvraj 5
K O'Brien c and b Yuvraj 9
A Cusack lbw b Yuvraj 24
J Mooney lbw b Yuvraj 5
T Johnston lbw b Patel 17
G Dockrell c Dhoni b Zaheer 3
B Rankin not out 1
Extras (lb4, nb6, w8) 18
Total (for all out; 47.5 overs) 207
Fall of wickets: 1-1 (Stirling), 2-9 (Joyce), 3-122 (N O'Brien), 4-129 (White), 5-147 (K O'Brien), 6-160 (Porterfield), 7-178 (Mooney), 8-184 (Cusack), 9-201 (Dockrell), 10-207 (Johnston)
Bowling: Zaheer 9-1-30-3 (w1), Patel 4.5-0-25-1 (w1), Pathan 7-1-32-0, Harbhajan 9-1-29-0 (w1), Chawla 8-0-56-0 (nb6, w3), Yuvraj 10-0-31-5 (w2)
India:
V Sehwag c and b Johnston 5
S Tendulkar lbw b Dockrell 38
G Gambhir c Cusack b Johnston 10
V Kohli run out 34
Y Singh not out 50
MS Dhoni lbw b Dockrell 34
Y Pathan not out 30
Extras (lb4, w5) 9
Total (for five wickets; 46 overs) 210
Fall of wickets: 1-9 (Sehwag), 2-24 (Gambhir), 3-87 (Tendulkar), 4-100 (Kohli), 5-167 (Dhoni)
Bowling: Rankin 10-1-34-0 (w2), Johnston 5-1-16-2 (w1), Dockrell 10-0-49-2, Mooney 2-0-18-0, Stirling 10-0-45-0 (w2), White 5-0-23-0, Kevin O'Brien 1-0-3-0, Cusack 3-0-18-0
Result: India win by five wickets
Crops that could be introduced to the UAE
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Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
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Ministry of Interior
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Al Watan newspaper
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Rating: 3.5/5
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Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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.”
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
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A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
'My Son'
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Rating: 2/5
The specs
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Price: From Dh825,900
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.