Houston guard Jeremy Lin looks to get past New York Knicks' JR Smith and Tyson Chandler.
Houston guard Jeremy Lin looks to get past New York Knicks' JR Smith and Tyson Chandler.
Houston guard Jeremy Lin looks to get past New York Knicks' JR Smith and Tyson Chandler.
Houston guard Jeremy Lin looks to get past New York Knicks' JR Smith and Tyson Chandler.

NBA: Jeremy Lin steals show on return to New York as Rockets take victory


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Jeremy Lin put together another signature performance at Madison Square Garden as the Houston Rockets defeated his former team 109-96 in his first game back in New York.

The Taiwanese American, who admitted earlier this week his performances for the Rockets had been below par, scored 22 points and claimed eight assists against the New York Knicks to hand them their first home loss of the season.

James Harden scored a team-high 28 points and grabbed 10 boards for the Rockets to end their run of seven away defeats, as the sell-out crowd in New York gave Lin a loud ovation before the match.

"It was a lot of fun playing out there," said Lin, who heard some boos once the game started.

"I think our team took a step in the right direction. For me, it was great to be back and it was a lot of fun to play on that court again."

Chris Copeland notched a career-best 29 points for the Knicks, who had a 12-game unbeaten streak at home dating back to last season.

Copeland, who was starting in place of injured Carmelo Anthony, scored all of his points in the second half.

"It's one bright spot," said Copeland. "But we lost and we have to go back to the drawing board and figure out exactly what we didn't do right."

Serge Ibaka produced a season-best 25 points and 17 rebounds to maintain Oklahoma City Thunder's momentum as they ran out 107-93 winners over San Antonio Spurs.

Ibaka dominated the post against Tim Duncan to help the NBA-leading Thunder cruise to their 11th straight win.

"Serge was terrific tonight," Oklahoma City's Kevin Durant said afterwards.

"They do a great job of taking the main scorers out of the game. So that's when you have to step up."

Russell Westbrook added 22 and nine assists while Durant added 19 for Oklahoma City in a rematch of last season's Western Conference Finals when the Thunder eliminated the Spurs.

Stephen Jackson, who had previously been fined $25,000 (Dh92,000) for a hostile Tweet aimed at Ibaka, made his return from injury and admitted: "He hurt us bad. He was hitting everything.

"That's the same way we lost last year in the playoffs, by him hitting those same shots. I take my hat off (to him)."

Elsewhere Jamal Crawford and Blake Griffin had 15 points apiece to lead five Los Angeles Clippers players in double figures as they extended their winning streak to 10 games with an 88-76 victory over the Detroit Pistons.

Shannon Brown scored 22 points to help the Phoenix Suns rally from 19 points down to beat the Sacramento Kings 101-90.

Glen David poured in 28 points in the Orlando Magic's 102-93 win over the Minnesota Timberwolves, while the Memphis Grizzlies overcame the Chicago Bulls 80-71.

ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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How the UAE gratuity payment is calculated now

Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.

The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.

1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):

a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33

b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.

2. For those who have worked more than five years

c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.

Note: The maximum figure cannot exceed two years total salary figure.

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

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.”

The specs: 2018 Mercedes-Benz E 300 Cabriolet

Price, base / as tested: Dh275,250 / Dh328,465

Engine: 2.0-litre four-cylinder

Power: 245hp @ 5,500rpm

Torque: 370Nm @ 1,300rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.0L / 100km

So what is Spicy Chickenjoy?

Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
  •  14 kilometres is the length of LED lights used on the facade
  •  1,024 individual pieces make up the exterior 
  •  7 floors in all, with one for administrative offices
  •  2,400 diagonally intersecting steel members frame the torus shape
  •  100 species of trees and plants dot the gardens
  •  Dh145 is the price of a ticket
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