England's Ben Stokes celebrates his century during the second One Day International between England and South Africa in Southampton on May 27, 2017. Glyn Kirk / AFP
England's Ben Stokes celebrates his century during the second One Day International between England and South Africa in Southampton on May 27, 2017. Glyn Kirk / AFP
England's Ben Stokes celebrates his century during the second One Day International between England and South Africa in Southampton on May 27, 2017. Glyn Kirk / AFP
England's Ben Stokes celebrates his century during the second One Day International between England and South Africa in Southampton on May 27, 2017. Glyn Kirk / AFP

IPL experience outweighs risks, says England director amid Stokes and Woakes injury struggles


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England director of cricket Andrew Strauss believes the vital experience gained from sending the country’s players to the Indian Premier League (IPL) far outweighs the risk of them picking up injuries during the Twenty20 tournament.

All-rounder Ben Stokes returned from his impressive maiden IPL stint to help England take an unassailable 2-0 lead in a one-day international series against South Africa but a knee issue led him to skip the final match, which the tourists won.

Fellow IPL debutant Chris Woakes, nursing a quad niggle, played only one match against South Africa, even though there was no confirmation that they had sustained their injuries in India.

“That is the slight risk you take when you make people available for a chunk of cricket that is outside the international schedule,” Strauss told reporters.

“Injuries are part and parcel of life, but on one hand you weigh up the potential risk and on the other you ask what they can potentially gain from that experience. That’s what forms the decision,” the former captain added.

The injuries were not of “massive concern” and the duo sat out the final South Africa one-dayer as a “precautionary” measure ahead of the Champions Trophy beginning on Thursday, he added.

Strauss is convinced the IPL experience has given the England players added impetus to continue their white-ball resurgence and claim a first global 50-overs title on home soil.

“We’ve seen that already with the maturity that Ben is playing with the bat. And it looked like he’s improved his bowling at the death tremendously too,” he said of the all-rounder, who lived up to his $2.17 million price tag for Rising Pune Supergiant.

“I think Chris Woakes was saying that to go there, to learn from the best players in the world and pit themselves against the best players in the world.

“They come back from that experience knowing they’re as good as anyone out there. The deep-rooted belief they get from that is massively important,” Strauss added.

While he was all for England players enriching themselves with the 20-overs experience in India, Strauss remains reluctant to allow players to skip test matches for the IPL.

“Personally, I think that’s unlikely,” he said.

“When you get to the stage where you’re missing test matches to play in IPL that sends out a very strong message about where your priorities are and I would be uncomfortable with that.”

* Reuters

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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.”

Moral education needed in a 'rapidly changing world'

Moral education lessons for young people is needed in a rapidly changing world, the head of the programme said.

Alanood Al Kaabi, head of programmes at the Education Affairs Office of the Crown Price Court - Abu Dhabi, said: "The Crown Price Court is fully behind this initiative and have already seen the curriculum succeed in empowering young people and providing them with the necessary tools to succeed in building the future of the nation at all levels.

"Moral education touches on every aspect and subject that children engage in.

"It is not just limited to science or maths but it is involved in all subjects and it is helping children to adapt to integral moral practises.

"The moral education programme has been designed to develop children holistically in a world being rapidly transformed by technology and globalisation."

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The%20BaaS%20ecosystem
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Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

COMPANY%20PROFILE
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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

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
ALRAWABI%20SCHOOL%20FOR%20GIRLS
%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Rooney's club record

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253