Khaleej plan to sneak in and cause surprise


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When the Etisalat Pro League kicks-off next weekend most of the attention will be around the glamour sides like Al Jazira, Al Ain, Al Ahli and Al Nasr. Big names like the Brazilian striker Rafael Sobis, the Moroccan player Merouane Zemmama, the Egyptian Hosny Abd Rabo and the Sierra Leone captain Mohammed Kallon will hog the spotlight and make all the headlines.

Al Khaleej, a promoted side from the quiet but scenic coastal city of Khor Fakhan, will be expected to play their bit part on the big stage - just make up the numbers, as they say. For Samir al Juwaily, their cheerful Tunisian coach, this is not a slight. It is a blessing in disguise. "The Al Khaleej players will be an unknown quantity in the Pro League, so that could work to our advantage," he says.

"The teams might take us lightly and not give us enough attention. "So we have to use that to our advantage. I hope we will spring a few surprises." Does he really believe that his young side, who have played in the top division for three seasons this decade without creating much of an impression, can match up to the might of the country's big-spending elite? "Why not? The team are in good spirits," he says.

"Their morale is high. They are really looking forward to playing against the big sides and scoring upsets over some of them. "The top division is very tough. I think it is the best in the Arab world. There are lots of very good sides like Al Jazira, Al Ain, Al Wahda and Al Ahli. "But when we take the field against them, we will not be taking their reputation into account. "We don't see any difference between them or the others."

Juwaily's confidence stems largely from what he has seen of the team in a 55-day pre-season training camp in the Czech Republic. His side's runaway success last season, when they won the Division Two title with a 10-point cushion over second-placed Ajman, also adds to the optimism. "Last year they had a very good season, we have to continue in the same direction," he says. "The players are conscious about this and they have worked hard to achieve the same level.

"We trained in the Czech Republic, it was very good and we worked very hard. "We worked on both the physical and tactical aspects of the game. We also played three games and won two of them. "I believe our three overseas players - [Nigerian striker] Abbas Moya, [Congo midfielder] Patrick Kazadi and [Moroccan defender] Murad Rafie - will give our campaign a big boost. "We have been working hard and preparing the team for the tough times ahead. We know we will face some very difficult matches, but I believe in this team.

"We have some very talented players, who are committed to achieving a good finish in the UAE's first-ever Pro League. "But more importantly, the team understands the importance of playing together as a team, as a single personality." Al Khaleej did not lose a game at home as they raced to the Division Two title last season: they were held to a draw in just two of the 15 games they hosted. Juwaily expects his side to show the same determination at home and some panache on the road.

"We have to play to win all the matches," he says. "But when we play at home, we have to make sure we get the full three points. Away, we can accept a single point or an upset win. "We want to have a good season and stay in the professional league - not just stay there, but do it comfortably. "Our objective is to finish in the top six or seven. "I am confident we can do that. We will show to all the people here that we deserve our place in the professional league." arizvi@thenational.ae

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
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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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Tickets to the MWTC range from Dh100 and can be purchased from www.ticketmaster.ae or by calling 800 86 823 from within the UAE or 971 4 366 2289 from outside the country and all Virgin Megastores. Fans looking to attend all three days of the MWTC can avail of a special 20 percent discount on ticket prices.

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

T20 World Cup Qualifier

Final: Netherlands beat PNG by seven wickets

Qualified teams

1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman

T20 World Cup 2020, Australia

Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland