Fatullah // Indian openers Shikhar Dhawan and Murali Vijay flayed Bangladesh’s bowlers with an unbeaten 239-run partnership on the rain-curtailed opening day of the one-off Test match yesterday.
Dhawan was unbeaten on a stroke-filled 150 off 158 balls and Vijay was on a more sedate 89 after their captain Virat Kohli won the toss on the easy-paced wicket at the Khan Shaheb Osman Ali Stadium.
Left-hander Dhawan, who had been dropped for India’s previous Test against Australia in Sydney in January, marked his comeback with 21 boundaries in his third century.
Vijay, lucky to survive a leg-before appeal before he had scored, proved the perfect foil at the other end as Bangladesh employed seven bowlers to try to break the partnership.
Just 56 of the stipulated 90 overs were bowled during the day as rain, which arrived 25 minutes before lunch, washed out the entire post-lunch session. Floodlights had to be switched on in the morning session to allow play to take place as threatening dark clouds loomed overhead.
The India off-spinner Ravichandran Ashwin said the tourists were not fretting about the forecast of uncertain weather for all five days.
“Cricket is a game where even if you look to control the controllables, it is sometimes hard,” Ashwin said. “We can’t really control the weather because that is out of our reach.
“But if we put our best foot forward and the time is there, and if we bowl really well, we can enforce a result. We’d just like to control the controllables.”
Dhawan and Vijay attacked the four-pronged spin attack either side of the interruption to compile their second 200-plus stand after their 289-run effort against Australia in 2013.
Vijay brought up the double-century partnership with a six off leg-spinner Jubair Hossain, but it was Dhawan who dominated the stand with attractive strokes all round the wicket. Dhawan raced to 74 off 71 balls, but the untimely rain interruption denied him a chance to attempt a century before lunch.
The left-hander was on 73 when he mistimed a shot off left-arm spinner Taijul Islam, but Shuvagata Hom failed to grasp a difficult chance at short midwicket after getting his hands on the ball.
When play resumed after tea, Dhawan was stranded on 98 for seven deliveries before pulling Jubair for a boundary to bring up his third Test century.
The hosts’ game plan to play four spinners meant Mohammed Shahid was the lone seamer in the side, with part-timer Soumya Sarkar sharing the new ball.
Taijul was the most expensive bowler, conceding 55 runs in his 12 overs, while Jubair went for 41 runs in his seven.
Bangladesh coach Chandika Hathurusinghe said his team should not be written off after just one day’s play.
“We still want to win, we are still playing to win,” the former Sri Lanka batsman said.
“In cricket anything can happen. Until both sides have batted once, it is not right to judge a game. On a wicket like this, it is always a big advantage to win the toss, bat and put up a big total. They may have got off to a good start but we can still win the game provided we bowl well tomorrow.”
India brought back Harbhajan Singh after two years to partner fellow off-spinner Ashwin in a two-man spin attack.
Bangladesh captain Mushfiqur Rahim, who is recovering from a finger injury, took the field as a specialist batsman, with debutant Litton Das taking over wicketkeeping duties.
* 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.
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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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Saturday's results
West Ham 2-3 Tottenham
Arsenal 2-2 Southampton
Bournemouth 1-2 Wolves
Brighton 0-2 Leicester City
Crystal Palace 1-2 Liverpool
Everton 0-2 Norwich City
Watford 0-3 Burnley
Manchester City v Chelsea, 9.30pm