Morkel shreds through West Indies



BRIDGETOWN, Barbados // Morne Morkel grabbed three for 33 as South Africa wrapped up a convincing seven-wicket victory over West Indies just before lunch on the fourth day of the third and final Test at Kensington Oval yesterday. The Proteas sealed a 2-0 victory in the series to retain the Sir Vivian Richards Trophy for a sixth successive series since 1998 and have gone unbeaten during their two-month Caribbean visit.

"It's obviously been a terrific tour for us," Graeme Smith, the South Africa captain, said. "To win the one-day series 5-0, to win both Twenty20s and to win the Test series 2-0. You can't argue with the results we've been able to achieve." West Indies, resuming their second innings on 134 for seven, were bowled out for 161 as Morkel, the fast bowler, took all three wickets to fall. Shivnarine Chanderpaul batted through the West Indies innings to finish unbeaten on 71.

South Africa, set 47 to win, coasted to their target despite a fiery three-wicket burst from Kemar Roach, the pace bowler who took three for 22 before AB de Villiers hit the winning boundary. Chris Gayle, the West Indies captain, voiced his disappointment at the results and the support he was receiving. "It's tough as captain to be honest because sometimes when you actually think you're getting the support of some particular person and so forth, you come to find out you're not actually getting that kind of support," he said.

"It's kind of tough. It's something I'm definitely going to deal with and then clear the air and, hopefully, take it from there." South Africa needed just 36 minutes to brush aside the home team's lower order in the morning. Morkel did all the damage, flattening the off stump of Sulieman Benn (nine) before claiming Roach (eight) and Brandon Bess (0) to outside edges. Morkel ended the series with 14 wickets while fellow pace bowler Dale Steyn, who finished with 15, earned the man-of-the-series award.

"They are obviously an important part of our Test line-up, the firepower that they bring to us," Smith said of his pace pair. "Their wicket-taking abilities are crucial to our success." South Africa's march to the crushing victory had a few hiccups against the hostility of Roach, who quickly dispatched Smith (10) and Alviro Petersen (six). Roach also bowled a rising delivery into Jacques Kallis's helmet, which led to an angry mid-pitch confrontation between the two. The pair had to be separated by the umpires. Hashim Amla (25) then sliced a drive to gully at 45 for three, before De Villiers hit the winning runs. * AP

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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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Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

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Formula Middle East Calendar (Formula Regional and Formula 4)
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Spending an excessive amount of time on the phone.

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Losing interest in other activities or hobbies that were once enjoyed.

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Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
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