Kiwis fall like nine pins for 99


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WELLINGTON // Pakistan took control of the second Test on the second day, bowling out New Zealand before establishing a 229-run lead. Pace bowler Mohammad Asif took four wickets for 40 runs and leg-spinner Danish Kaneria's six overs returned three for six as the Black Caps were routed for 99. New Zealand fell further behind as their opponents closed on 64 for two at the Basin Reserve in their second essay. It represented an excellent day for Pakistan, who started well by taking their overnight first innings score of 161 for six to 264.

Kamran Akmal survived two umpire reviews before he was dismissed for 70 when captain Daniel Vettori made a good catch running back from mid-off to give Daryl Tuffey his first wicket of the day and third of the innings. By then Akmal, who scored his 11th Test half-century, and Umar Gul (31) had added valuable 64 runs for the eighth wicket. Tuffey, marking his Test comeback, finished with four for 64 while Vettori claimed four for 58. O'Brien took the other two for 78. New Zealand's reply started poorly when Aamer got Martin Guptill for a four-ball duck.

Daniel Flynn escaped a duck in Asif's first over after lunch when Salman Butt at short leg juggled the ball six times before dropping it. Butt made amends in Asif next over when he dived forward to have Tim McIntosh caught. Ross Taylor (30) and Flynn combined for 43 runs before Taylor shouldered arms to a Gul delivery which nipped back and broke his stumps. Gul struck again in his next overn trapping Peter Fulton leg before for a second-ball duck. Flynn and Grant Elliott added 33 runs either side of tea but Asif struck again, trapping Flynn for 29. That wicket sparked a slump, with Brendon McCullum dismissed with Asif's next delivery for a duck, caught at second slip by Shoaib Malik. The hosts lost their last five wickets for 14 runs. * PA Sport

Scorecard Pakistan (first innings, overnight 161-6): I Farhat c Taylor b Vettori 32 S Butt c Tuffey b O'Brien 29 U Akmal b Tuffey 46 M Yousuf lbw b Vettori 0 Misbah-ul-Haq lbw b Vettori 21 S Malik c Vettori b Tuffey 9 K Akmal c Vettori b Tuffey 70 M Aamer c Taylor b O'Brien 21 U Gul c O'Brien b Tuffey 31 M Asif c and b Vettori 4 D Kaneria not out 0 Extras: (1w) 1 Total: (all out, 88.2 overs) 264 Fall: 1-60, 2-66, 3-66, 4-119, 5-131, 6-156, 7-193, 8-257, 9-264. Bowling: C Martin 20-2-64-0, D Tuffey 23.2-5-64-4 I O'Brien 23-4-78-2 (1w) D Vettori 22-6-58-4. New Zealand (first innings): T McIntosh c Butt b Asif 4 M Guptill c K Akmal b Aamer 0 D Flynn lbw b Asif 29 R Taylor b Gul 30 P Fulton lbw b Gul 0 G Elliott c and b Kaneria 20 B McCullum c Malik b Asif 0 D Vettori c Misbah b Kaneria 6 D Tuffey c Yousuf b Asif 3 I O'Brien c Farhat b Kaneria 0 C Martin not out 0 Extras: (7lb) 7 Total: (all out, 36.5 overs) 99 FoW: 1-1, 2-5, 3-48, 4-52, 5-85, 6-85, 7-95, 8-96, 9-96 Bowling: M Aamer 11-2-25-1 M Asif 12.5-2-40-4 U Gul 7-2-21-2 D Kaneria 6-2-6-3. Pakistan (second innings): I Farhat c Fulton b O'Brien 35 S Butt c Taylor b O'Brien 18 M Yousuf not out 10 Misbah-ul-Haq not out 1 Total (for 2 wkts, 23 overs) 64 Fall: 49 (Butt), 54 (Farhat). Bowling: C Martin 6-1-21-0 D Tuffey 4-0-15-0 I O'Brien 6-1-16-2 D Vettori 7-4-12-0.

Super Saturday race card

4pm: Mahab Al Shimaal Group 3 | US$350,000 | (Dirt) | 1,200m
4.35pm: Al Bastakiya Listed | $300,000 | (D) | 1,900m
5.10pm: Nad Al Sheba Turf Group 3 | $350,000 | (Turf) | 1,200m
5.45pm: Burj Nahaar Group 3 | $350,000 | (D) | 1,600m
6.20pm: Dubai City of Gold Group 2 | $300,000 | (T) | 2,410m
6.55pm: Al Maktoum Challenge Round 3 Group 1 | $600,000 | (D) | 2,000m
7.30pm: Jebel Hatta Group 1 | $400,000 | (T) | 1,800m

The Matrix Resurrections

Director: Lana Wachowski

Stars:  Keanu Reeves, Carrie-Anne Moss, Jessica Henwick 

Rating:****

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

MATCH INFO

Europa League final

Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports

Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

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Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

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In criminal cases, you can contact the police for additional support

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Benefits of first-time home buyers' scheme
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Yuval Noah Harari, Jonathan Cape
 

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Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

Profile of Foodics

Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

Genesis G80 2020 5.0-litre Royal Specs

Engine: 5-litre V8

Gearbox: eight-speed automatic

Power: 420hp

Torque: 505Nm

Fuel economy, combined: 12.4L/100km

Price: Dh260,500

The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A

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Jeronim Perovic, Hurst

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
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While you're here
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COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.