Joe Schmidt, the Ireland coach, says a win over England on Sunday in the Six Nations tournament would be the highlight of his tenure so far with the Irish. David Rogers / Getty Images
Joe Schmidt, the Ireland coach, says a win over England on Sunday in the Six Nations tournament would be the highlight of his tenure so far with the Irish. David Rogers / Getty Images

Ireland know win over England may seal Six Nations title



DUBLIN // Ireland coach Joe Schmidt said on Saturday that if Six Nations champions Ireland defeat England at Lansdowne Road on Sunday it will be the team's biggest win since he took over in 2013.

Victory would also equal the best win sequence of an Irish side at 10 Tests.

The 49-year-old New Zealander, who has guided the Irish to eye-catching victories over southern hemisphere giants South Africa and Australia, said he is under no illusions how difficult it will be to beat the only other unbeaten side in the tournament after two matches.

England are on a good run of their own, having won four Tests on the trot, and have in recent times been a bogey side for Ireland, inflicting their only loss of the last Six Nations, their fourth successive victory over the Irish.

If the Irish win, it would set them up for a third grand slam and would be also only the second time they have successfully defended the title – the last occasion being the old Five Nations back in 1949.

“It would be the biggest win we’ve had so far,” Schmidt said. “Not only because of the year that it is in [the World Cup which begins in September] but also for the players who have come into the squad.

“It would be great to give those players that confidence which comes with such a win.”

For their opponents, there is a sense it is time for them to turn near misses – they have won four out of five matches in the past four campaigns only to be denied the title each time .

Last year’s loss on points difference to the Irish especially rankles, as Ireland seaed the title with a stunning victory atParis hours after England had done what they needed to do by beating Italy.

“We are getting better but it’s one thing getting better, you’ve got to be picking up that silverware,” said England captain Chris Robshaw, who will skipper the side for the 34th time.

“Silverware matters to everyone. As a player you want to be judged on what you’ve won. It’s all well and good picking up caps and playing x amount of times for your country, which is incredible, but you want to win stuff.

“I don’t think guys need much motivation for this game. It’s going to be built up, it’s going to be exciting. Two great teams going at it.”

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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.”

UAE squad

Humaira Tasneem (c), Chamani Senevirathne (vc), Subha Srinivasan, NIsha Ali, Udeni Kuruppuarachchi, Chaya Mughal, Roopa Nagraj, Esha Oza, Ishani Senevirathne, Heena Hotchandani, Keveesha Kumari, Judith Cleetus, Chavi Bhatt, Namita D’Souza.

SPECS

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Torque: 350Nm
Transmission: Nine-speed automatic
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The specs
 
Engine: 3.0-litre six-cylinder turbo
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Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
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 
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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From Zero

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Number of tracks: 11

Rating: 4/5

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Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

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ATP Dubai Championships on Monday (x indicates seed):

First round
Roger Federer (SUI x2) bt Philipp Kohlschreiber (GER) 6-4, 3-6, 6-1
Fernando Verdasco (ESP) bt Thomas Fabbiano (ITA) 3-6, 6-3, 6-2
Marton Fucsovics (HUN) bt Damir Dzumhur (BIH) 6-1, 7-6 (7/5)
Nikoloz Basilashvili (GEO) bt Karen Khachanov (RUS x4) 6-4, 6-1
Jan-Lennard Struff (GER) bt Milos Raonic (CAN x7) 6-4, 5-7, 6-4

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On sale: Later in 2025 or early 2026, depending on region

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MATCH INFO:

Second Test

Pakistan v Australia, Tuesday-Saturday, 10am​​ daily​​​​​ at Zayed Cricket Stadium, Abu Dhabi

Entrance is free