United Arab Emirates cricketers ( Fahad Tariq 2nd right) react after the dismissal of the Sri Lanka cricketer Angelo Mathews (L) during the match between Sri Lanka and United Arab Emirates at the Asia Cup T20 cricket tournament at the Sher-e-Bangla National Cricket Stadium in Dhaka on February 25, 2016. AFP PHOTO/Munir uz ZAMAN
United Arab Emirates cricketers ( Fahad Tariq 2nd right) react after the dismissal of the Sri Lanka cricketer Angelo Mathews (L) during the match between Sri Lanka and United Arab Emirates at the AsiaShow more

Nerveless UAE all-rounder Fahad Tariq is catching the attention at the Asia Cup



DHAKA // Being under a skied catch can be a nerve-racking experience in an empty ground with only your mates as opposition.

Safe to assume, then, that having a live audience of 20,000, all supporting the other team, as well as a televised one in the millions, only serves to exacerbate it.

It is the sort of thing that might cause nervous fielders to have a restless sleep the night before the game, especially if they were about to make their first appearance on the big stage.

Luckily, Fahad Tariq had two things in his favour ahead of his Asia Cup debut for UAE against the host nation in Bangladesh’s capital at the weekend.

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Firstly, he is a confident and adept fielder who wants the ball to come to him anyway. And, secondly, he did not think he was going to be playing in the first place.

The Sharjah-born all-rounder was given 30 minutes notice by Aaqib Javed, the coach, after Qadeer Ahmed, who was originally listed in the starting team, was injured in the warm-up.

“I didn’t see it happen,” Tariq, 26, said of Qadeer’s injury. “I was doing a fielding session with Paul [Franks, the assistant coach] and Aaqib was like, ‘You’re playing, you’re in the XI’. I was happy for that.”

Given that Tariq had expected to be back doing his duties in Dubai as a mall operations executive for Nakheel by now, the whole experience must feel surreal.

All of the UAE players were forced to ask their employers for extended leave after they dominated the qualifying tournament last week to make it to this point.

Tariq was on the bench for the three qualifying matches, as well as the opener of the main competition against Sri Lanka.

When he was called in as emergency cover for Qadeer at the final moment against Bangladesh, he had little time to fret.

Not like when three steepling catches got hoisted in his direction. Before the match, when UAE were doing high catching drills in front of the most populated stand at the National Stadium, the home supporters were creating a cacophony each time one was shelled.

Along with Ahmed Raza and Rohan Mustafa, Tariq is one of the best regarded fielders in the UAE squad. As such, he tends to be positioned in the action areas where Amjad Javed, the captain, feels the catches might go.

The faith invested in him was well-placed. He held on to catches to dismiss Sabbir Rahman, Nurul Hasan and Mashrafe Mortaza.

“You don’t care about people, you just enjoy the moment,” Tariq said. “If you start thinking about the fact there are 20,000 people there, you cannot perform.

“Before I stepped onto the field I had some butterflies, but after that I was relaxed.

“There were 20,000 people, I can’t drop it, I can’t make a fool of myself. I enjoyed the moment. I wanted the ball to come to me. I wanted to be on the TV. I wanted people to notice me.

“This is the first time I had had this chance. I wanted to feel like I belonged there.”

Against Pakistan on Monday, the former pupil of Arab Unity School in Dubai will be hoping he gets the chance to make a similarly positive impression with the bat or ball, too.

Whether he retains his place depends on Qadeer’s fitness. The seam bowler has been a key part of the national team’s plans.

Tariq, by contrast, had to bat at No 8 and was not used with the ball against Bangladesh, which was likely due to the lateness of his call-up.

He was out stumped second ball for nought after a “stupid shot,” as he terms it, when charging down the wicket trying to loft the spin of Shakib-al-Hasan to the boundary.

The UAE’s batting as a whole needs a boost. After two under-par displays against Sri Lanka and Bangladesh, the batsmen will now be up against one of the most fearsome bowling attacks in the world when they face Pakistan.

“It will be nice to put up a better performance than we did against Sri Lanka and Bangladesh with the bat,” Raza, the UAE vice captain, said.

“Our bowling and fielding has been good. What we have been lacking is the discipline in our batting.

“We all know about Pakistan; they do funny things. We watched it against India, and we have watched it over and over again.

“Pakistan are a team who can lose to Zimbabwe one day, and beat South Africa the next. We all know that.”

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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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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants


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