Napier Test ends in draw


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NAPIER // Chris Gayle made 197 as West Indies set New Zealand 312 to win the second Test today but the home side faltered in a promising run chase and the match and series ended in a draw. Gayle's innings of more than eight hours, which yielded his eighth century and second-highest score in Tests, guided West Indies to 375 in their second innings after they had trailed New Zealand by 64 runs. New Zealand had a minimum of 60 overs over two sessions to win the match and threatened the target at times as Jamie How (54) and Jesse Ryder (59 not out) reached half centuries but eventually the loss of wickets forced them to bat out time.

Stumps were drawn with nine overs remaining when captains Gayle and Daniel Vettori agreed no result was possible, with New Zealand 220 for 5 and still 92 runs from victory. The dissolution of a 74-run fourth wicket partnership between Ryder and Ross Taylor (46) and the dismissal of Brendon McCullum for 19 - one of the first glaringly bad decisions under cricket's new Umpire Referral System - stifled the New Zealand run chase and consigned the match to a draw.

That the visitors were in a position to set New Zealand a target which was beyond the reach of even Taylor, Ryder and McCullum - dangerous batsmen favoured by an ideal batting pitch - was due almost entirely to Gayle, who injected substance into the tourists' second innings. He batted 514 minutes and hit 20 fours and seven sixes from 396 balls in completing his first century since 2005, in passing 5,000 runs and posting the highest Test total at McLean Park.

Gayle opened West Indies' second innings Monday and batted for 135.2 of the 145 overs, sharing partnerships of 124 with Brendan Nash (65) and 70 with Fidel Edwards (20) which steered his team away from the threat of defeat. West Indies had resumed their second innings at 278 for seven today, leading by 214 runs but still in a precarious position. Gayle's long vigil and the solid effort of their lower order, particularly Edwards and Jerome Taylor (22), made defeat less likely for Gayle's men.

"It's been a good series even though no-one won the series," Gayle said. "This is an achievement for us to get a draw. We would have liked to win, obviously, but to get a draw in these circumstances is still an achievement. "I thought there were a lot of positives for us throughout the series: the batting of Brendan Nash in the second Test, Fidel Edwards' best bowling performance (7-87), Jerome Taylor's maiden Test century in the first Test. If we can go on like this it could be very good for this team."

West Indies' innings ended right on lunch on the last day, leaving New Zealand a challenging run rate of five per over to reach the victory target. At 170-3 in the 38th over, with Taylor 46 and Ryder in commanding form, with 142 runs needed and more than 22 overs remaining, New Zealand seemed in with a chance. But Taylor's dismissal after a rollicking 50-ball innings which included three fours and two sixes, set back the New Zealand run chase.

McCullum and Ryder's partnership offered a last chance to the home team and, again, the fifth-wicket pair showed positive intent and had added 33 when McCullum was judged caught behind for 19. McCullum attempted to pull a ball from Taylor and was caught off what appeared to be a bottom edge. He immediately disputed the decision of the umpire Rudi Koertzen and referred it for reappraisal to television umpire Mark Benson. Benson, unable to reach a conclusive decision, returned the matter to Koertzen and his original decision stood. Television replays showed McCullum had not come close to hitting the ball.

New Zealand then sought to play out time and the match ended shortly before 1900 local time. "It was a much better performance from us and, while we're not entirely happy with a draw, if we continue to perform to that level we will pick up a Test win sometime this summer," Vettori said. *AP

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Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

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Name: Yousef Al Bahar

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Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Champions League quarter-final, first leg

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Match on BeIN Sports

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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.

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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.”

Cryopreservation: A timeline
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Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

The specs

Engine: 3.5-litre V6

Power: 272hp at 6,400rpm

Torque: 331Nm from 5,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.7L/100km

On sale: now

Price: Dh149,000

 

ENGLAND SQUAD

For first two Test in India Joe Root (captain), Jofra Archer, Moeen Ali, James Anderson , Dom Bess, Stuart Broad , Rory Burns, Jos Buttler, Zak Crawley, Ben Foakes, Dan Lawrence, Jack Leach, Dom Sibley, Ben Stokes, Olly Stone, Chris Woakes. Reserves James Bracey, Mason Crane, Saqib Mahmood, Matthew Parkinson, Ollie Robinson, Amar Virdi.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

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Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

The specs: 2018 Jaguar E-Pace First Edition

Price, base / as tested: Dh186,480 / Dh252,735

Engine: 2.0-litre four-cylinder

Power: 246hp @ 5,500rpm

Torque: 365Nm @ 1,200rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.7L / 100km

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying