I'd be embarrassed by their excuses



There have been a lot of things said in the past week, most of it in the heat of the moment, and I hope it doesn't detract from what's been good about this Lions series. The rugby has been intense. We have had two hard-fought, close Tests and hopefully another great game today. Last week's 28-25 win was one of the most enjoyable matches I have played in because you never knew which way the game was going to go.

But all the talk has been of how unlucky the Lions were and that Schalk Burger should have been red-carded for the incident with Luke Fitzgerald. I can understand the Lions disappointment. They came here with high hopes and did come close to beating us, but I would like to think all the excuses are being generated by the media. I would be embarrassed as to how many excuses are being looked at if I was a Lions player. Injuries happen, and to expect a red card on the spot in the first minute when it comes to something like eye gouging is a bit too much to ask for by any team.

We have seen many Test matches where a guy has been punched in front a referee and a red card was not shown because the referee can never be completely sure of what he has seen. If this happened to one of ours we would have wanted the other player cited and punished, and that's what happened with Schalk. If I was Paul O'Connell, the Lions captain, I would be asking how we lost that game in Pretoria. They have had the best 40 minutes against a Springbok side that anyone's had in the last three years and they only gained eight points on us. In the end we missed 11 points from goal and scored three tries to their one so it's annoying to hear how lucky we were to win in the last minute with Morne Steyn's kick.

We are not playing well and relying on character and grit, but I am satisfied we can still draw victories from tight games like that. I did make the call to start thinking about bringing Morne on because the kicks we were missing were costing us. Ruan Pienaar was unbelievable in the first Test, but couldn't hit anything in the second. That's how sport goes. I had been watching the other kicks that hadn't gone well with Ruan kicking, but couldn't with this last one.

Morne was absolutely calm and when he took the ball I said: "Good luck, enjoy it." He gave me a wry smile, put the ball down and banged it over. I waited for the crowd and looked for the flags to go up. When they did, I was very relieved and a happy man. It takes special individuals to be able to step up to the spot like that, a different mental dynamic, and I'm just glad I only have to scrum. It has been a fairy tale season for Morne which he has created. Winning the Super 14s with the Bulls, getting his first cap in the opening win against the Lions and then winning the series with his kick. He deserves to start today.

People think the job is now done, but it's not like that. Every Test is important and we have made changes, but every player wants to be a part of history and a 3-0 series win is what we want. Our motivation is massive and there's no such thing as taking the foot off the gas. There's everything still to play for. @Email:sports@thenational.ae

Concrete and Gold
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
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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.”

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

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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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
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Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

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Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

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Key facilities
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The Energy Research Centre

Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.