KL Rahul hit 77 off 51 balls for Lucknow Super Giants in their IPL win over the Delhi Capitals at Wankhede Stadium in Mumbai on May 1, 2022. Sportzpics for IPL
KL Rahul hit 77 off 51 balls for Lucknow Super Giants in their IPL win over the Delhi Capitals at Wankhede Stadium in Mumbai on May 1, 2022. Sportzpics for IPL
KL Rahul hit 77 off 51 balls for Lucknow Super Giants in their IPL win over the Delhi Capitals at Wankhede Stadium in Mumbai on May 1, 2022. Sportzpics for IPL
KL Rahul hit 77 off 51 balls for Lucknow Super Giants in their IPL win over the Delhi Capitals at Wankhede Stadium in Mumbai on May 1, 2022. Sportzpics for IPL

Lucknow Super Giants hold on for tight win over Delhi Capitals in IPL 2022


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Lucknow Super Giants held on for a tight six-run victory over Delhi Capitals in the Indian Premier League on Sunday despite some late fireworks from Axar Patel.

Captain RL Rahul cracked 77 off 51 balls – his fourth 50-plus knock this season – to help his team post 195-3 in their 20 overs. In reply, Delhi Capitals fell just short, reaching 189-7 with Patel's unbeaten 42 off 24 balls almost earning his team victory.

Rahul combined with Quinton de Kock (23) for a 42-run opening stand and then added another 95 runs with Deepak Hooda for the second wicket.

Lucknow set a quick pace, scoring nearly 10 runs per over for most of its innings as Rahul and Hooda put Delhi’s attack to the sword.

Rahul smacked four fours and five sixes - taking his total for the season to 451 runs - while Hooda hit six fours and a six during their 67-ball partnership. Hooda scored his third half-century before falling to Shardul Thakur (3-40).

Marcus Stoinis scored 17 not out off 16 balls, as Rahul took charge of the final overs though in the end Lucknow failed to breach the 200-run mark.

In reply, Delhi made a poor start, losing both openers Prithvi Shaw (5) and David Warner (3) cheaply. At 13-2, Delhi were reeling but Mitchell Marsh launched a counter-attack to bring the side back into the game.

The Australian batsman hit three fours and three sixes to reach 37 off 20 balls. At the other end, Rishabh Pant hit seven fours and a six to score 44 off 30 balls.

The duo put on 60 runs off only 25 balls to resurrect Delhi’s hopes. Lucknow appeared to be helping Delhi's cause with a horrendous fielding display.

Marsh was out caught in the eighth over and Lalit Yadav soon followed when he was bowled off Ravi Bishnoi as Delhi stumbled again to 86-4.

But the Super Giants’ fielders then dropped three catches and missed two run-out opportunities to allow Delhi to creep closer to Lucknow’s total.

Mohsin Khan (4-16) bowled Pant in the 13th over to tip the scales again. Rovman Powell, though, had different ideas as he hit 35 off 21 balls, including three fours and two sixes.

Then Patel’s late surge ensured Delhi was in the hunt when the final over began with 21 runs needed. But Stoinis held his nerve allowing Lucknow to register its third consecutive victory.

The win moves the Super Giants to second in the table with 14 points from 10 games. Delhi are sixth with eight points from nine matches.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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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.”

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Updated: May 01, 2022, 4:15 PM