Anthony Watmough, of NSW, is thwarted by the Queensland defence during yesterday's defeat to the Maroons.
Anthony Watmough, of NSW, is thwarted by the Queensland defence during yesterday's defeat to the Maroons.

Maroons win series opener



Johnathan Thurston inspired Queensland to a 28-24 victory in the opening match of Australia's State of Origin series against New South Wales in Sydney yesterday. The Maroons, bidding for an unprecedented fifth Origin series victory, had control for much of the match before 68,753 fans at the Olympic Stadium, building up a 28-14 advantage until two late tries by NSW reduced the final margin.

Man-of-the-match Thurston, the Australia half-back, was in outstanding form and had a hand in all of Queensland's five tries as well as kicking four conversions. The Maroons, fielding a near-Test-strength backline, have now won nine of the last 13 Origin matches and have not lost an inter-state series since 2005. "We were slow out of the blocks but got some good tries in the end," Thurston said. "It's the Queensland way - it's our never-give-up attitude, this team's got a special bond. They keep writing us off with no [Cameron] Smith, [Steve] Price, [Ben] Hannant. We love it."

Darius Boyd, Billy Slater, Darren Lockyer, Greg Inglis and Sam Thaiday touched down for Queensland while NSW scored four tries of their own through Jarryd Hayne, Anthony Watmough, Jamal Idris and Ben Creagh with Jamie Lyon, the stand-off, landing four goals. The Blues began the stronger of the two sides and grabbed the first try of the match when Hayne touched down after opposing winger Boyd spilt a high kick in the wet conditions in the eighth minute.

But Queensland gradually gained control through the skill of Thurston. It was his lobbed pass that put Boyd in seven minutes later and he converted the try to level the scores. Lyon edged NSW ahead 8-6 with a penalty before some more Thurston magic conjured a try for Slater, the full-back. The half-back kicked deftly off the outside of his boot and Slater charged through to claim the ball and score four minutes before half-time.

Queensland dominated the second half with Lockyer scoring after early lead-up work from Thurston, before Inglis and Thaiday also got on the try-sheet after more influential play from the mercurial Thurston. NSW narrowed the gap when Idris, who was making his Origin debut at centre, powered over the line in the 73rd minute and then Creagh, the second rower, won the chase for a kick for a try in the final minute. Queensland can wrap up the best of three series in the second game, in Brisbane on June 16. * AFP

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Henrik Stenson's finishes at Abu Dhabi HSBC Championship:

2006 - 2
2007 - 8
2008 - 2
2009 - MC
2010 - 21
2011 - 42
2012 - MC
2013 - 23
2014 - MC
2015 - MC
2016 - 3
2017 - 8

COMPANY%20PROFILE
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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

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.”

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
Explainer: Tanween Design Programme

Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.

The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.

It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.

The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.

Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”

Company%20Profile
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'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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