Africa's first World Cup has a dominant noise, the buzz of the vuvuzela. Its drone, novel at first, tiresome in large doses, has the effect of making the endless repetition of the official song sound quite welcome by comparison.
Waka, Waka, This Time for Africa is a hit, and an appropriate anthem for 2010. The words celebrate the continent where the tournament is taking place, but the talent and the voice of the Colombian singer Shakira are South American.
The Latinos are so far ahead in a theoretical league table, that if the World Cup were awarded on points accumulated and not to countries but to confederations, Conmebol, which houses the 10 nations of South America, would already be preparing to lift the trophy. Teams from the continent make up half of the quarter-finalists.
Argentina and Brazil have won all their matches, Uruguay have won three out of four and conceded just the single goal. Paraguay topped a group including the deposed world champions, Italy. Chile's exciting progress - at least in the group phase - was curtailed only by their fellow South Americans from Brazil.
There is no catch-all theory for why the South Americans have thrived more than some notable Europeans - Italy, France and England all fell before the last-eight stage. But Diego Maradona, the head coach of Argentina, offered a simple explanation during one of his entertaining, and often instructive, press conferences.
"One explanation is that our qualifying tournament is much more competitive than in Europe," he said. "I have no doubt that, say, Ecuador, who did not get through, would have done well here. Now look at Europe. They have matches against the likes of the Faroe Islands."
With that, Maradona smirked, fully remembering how outsiders, many of them in Europe, had giggled when Maradona's Argentina lost a qualifying match, and conceded six goals, away in Bolivia during their troubled build-up to the World Cup.
His point is that games against Bolivia or Ecuador or Peru are all tough; that his, Brazil's, Uruguay's, Paraguay's and Chile's teams had lived, learned and triumphed under the equivalent of tournament conditions merely to make it to South Africa. That there are few easy games in the arduous, 18-match, round-robin that sorts out who represents Conmebol at World Cups.
A given is that South America, much of it a hard territory in which to eke out a living, produces tough, talented footballers.
At the moment, it also has a high concentration of prolific goal-scorers. The blessings enjoyed by Argentina are well documented - their squad includes last season's leading marksmen from the Champions League winners (Inter Milan's Diego Milito) and the Spanish champions (Barcelona's Lionel Messi).
Also obvious is the potent manpower of Uruguay, five of whose six goals so far have been shared by Atletico Madrid's Diego Forlan, twice winner of European football's Golden Shoe and Ajax's Luis Suarez, leading scorer in the Dutch Eredivisie.
And, accepting Maradona's argument, let it be pointed out that Chile also boasted the leading scorer in a very competitive league: Humberto Suazo scored 10 times in Conmebol World Cup qualifying. Suazo's lack of full fitness in South Africa certainly hampered Chile, whose creative play was sharper than their finishing.
Unlike many of, say, the African teams, the South Americans kept the same coaches for the finals that had overseen the key stages of qualifying. Several then made brave selection decisions.
Maradona left Javier Zanetti and Estaban Cambiasso, both Champions League winners in May, out of his squad; Marcelo Bielsa, the Chile coach, declined to hear Roma's David Pizarro hint at reversing the international retirement he had announced in 2006. Brazil's Dunga might have courted popularity by picking Ronaldinho or Adriano. He did not.
These coaches evidently had their dogmas and stuck with them. Dunga may be heavily criticised for a conservative attitude, but the way Brazil played against Chile on Monday served to remind that he values flair - Robinho and Kaka - as much as he has a penchant for muscular midfielders and defenders.
Adventurous football had been a shared Conmebol trademark, reckons Ivan Zamorano, the former Inter, Real Madrid and Chile striker. He was pleased to see his country equal the last-16 placing of 12 years ago, when he and Marcelo Salas led a potent Chilean strike-force in the France World Cup.
"South American football is gaining more and more prestige," Zamorano said. "Of course Brazil and Argentina are at the forefront, but the depth of our football is stronger than ever. More than anything our teams are making statements in favour of attack.
"Paraguay play with three strikers, Argentina with a sort of 3-2-1-4 formation. It's been obvious we have all come here to show what we can do."
@Email:sports@thenational.ae
Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)
Rajasthan won by 10 runs (D/L method)
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Champions parade (UAE timings)
7pm Gates open
8pm Deansgate stage showing starts
9pm Parade starts at Manchester Cathedral
9.45pm Parade ends at Peter Street
10pm City players on stage
11pm event ends
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.”
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
Mohammed bin Zayed Majlis
More from Rashmee Roshan Lall
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
MATCH INFO
Southampton 0
Manchester City 1 (Sterling 16')
Man of the match: Kevin de Bruyne (Manchester City)
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
First Person
Richard Flanagan
Chatto & Windus
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
Tonight's Chat on The National
Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Full Party in the Park line-up
2pm – Andreah
3pm – Supernovas
4.30pm – The Boxtones
5.30pm – Lighthouse Family
7pm – Step On DJs
8pm – Richard Ashcroft
9.30pm – Chris Wright
10pm – Fatboy Slim
11pm – Hollaphonic