No qualms about new coach Katanec



DUBAI // Srecko Katanec's appointment as head coach of the UAE national team has become the subject of an intense debate among fans and pundits alike. The 45-year-old Slovenian, who was unveiled on Monday night, has been involved only with modest European sides in his previous jobs. Many here were expecting a bigger name, one of the more glamorous coaches, to get the job.

But Mohammed Khalfan al Rumaithi, president of the UAE Football Association, has defended the choice, pointing to Katanec's success with smaller sides in a football region as tough as Europe. Katanec guided Slovenia into the Euro 2000 and 2002 World Cup finals. In his last job, with the Republic of Macedonia, the tiny nation scored a stunning win over Scotland. "Who won the Champions League this season?" asked al Rumaithi. "Barcelona, and their coach was Josep Guardiola.

"It's a pity that we don't know much about football. We only know who coaches AC Milan, Barcelona, Brazil or Italy. We don't know about the others. There are good coaches elsewhere, but we don't know about them." Praising Katanec's attitude, al Rumaithi added: "I think we have got a good, honest guy. A disciplined, ambitious man having good experience with third or fourth level teams in Europe. "When we think about it logically, a coach who succeeds with a poor team, and takes them to a World Cup, is better than a coach taking a big team and winning the World Cup with them. This is how we looked at it."

Another criticism levelled against Katanec was his lack of awareness of the region's football, but al Rumaithi countered: "If we want every coach who comes to this region to have prior experience, four of the six countries in the Gulf will not have any coaches. "You have to start somewhere. He has not come here, but if you ask him about UAE now, he knows a lot about the country. "He understands how we think and how we carry ourselves. He knows our passion for football from day one.

"Anyway, he is not new to us. Srecko was here four years ago. We met him and were about to sign with him, but then Dick Advocaat, the Dutch coach came aboard and we took him. Unfortunately he ran away after just three months." Katanec succeeds the Frenchman Dominique Bathenay, whose term expired after the final 2010 World Cup qualifying game in Iran earlier this month. The UAE's disappointing campaign ended with a single point and defeats in seven of the eight games.

"We will give him the whole picture of what has gone wrong, or right, in the last four years," said al Rumaithi. "He knows that the team got just one point out of eight games and he will work on that. "I am sure that he will do his best. There is no doubt about that. You will see him going to the Pro League; you will see him going to the Premier League, which we have initiated this year. He will be visiting the clubs and co-ordinating with the coaches."

Katanec's reign could also see a change in player personnel, with some of the old guard making way for new blood, especially with the success of the youth team, which won the Asian title and will be going to the Under 20 World Cup in Egypt later this year. "He will go to Egypt to watch the youth team," said al Rumaithi. "Next year we have the Asian Games and that team will comprise of players born in 1987-88. Players like Mohammed al Shehi, Ahmed "Dada" Mubarak, Ismail al Hammadi will also go along with the team.

"So I think the team that will go for the Asian will be a strong team as well. That perhaps could be the platform for our new generation. "Of course, we will not forget players like Ismail Matar, Abdulraheem Jumaa and a couple of others. But there will be some changes, according to the coach's request or decisions. "We, the UAEFA and Srecko, are speaking on the same wavelength. We have already discussed things and he believes in what we say, and we believe in what he says."

arizvi@thenational.ae

Result

6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m; Winner: Brraq, Ryan Curatolo (jockey), Jean-Claude Pecout (trainer)

7.05pm: Handicap (TB) $65,000 (Turf) 1,800m; Winner: Bright Melody, James Doyle, Charlie Appleby

7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m; Winner: Naval Crown, Mickael Barzalona, Charlie Appleby

8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m; Winner: Volcanic Sky, Frankie Dettori, Saeed bin Suroor

8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m; Winner: Star Safari, William Buick, Charlie Appleby

9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m; Winner: Zainhom, Dane O’Neill, Musabah Al Muhairi

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Company Profile

Company name: myZoi
Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
Based: UAE
Number of staff: 37
Investment: Initial undisclosed funding from SC Ventures; second round of funding totalling $14 million from a consortium of SBI, a Japanese VC firm, and SC Venture

 


 

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

TWISTERS

Director: Lee Isaac Chung

Starring: Glenn Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

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.”

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

UAE athletes heading to Paris 2024

Equestrian
Abdullah Humaid Al Muhairi, Abdullah Al Marri, Omar Al Marzooqi, Salem Al Suwaidi, and Ali Al Karbi (four to be selected).
Judo
Men: Narmandakh Bayanmunkh (66kg), Nugzari Tatalashvili (81kg), Aram Grigorian (90kg), Dzhafar Kostoev (100kg), Magomedomar Magomedomarov (+100kg); women's Khorloodoi Bishrelt (52kg).

Cycling
Safia Al Sayegh (women's road race).

Swimming
Men: Yousef Rashid Al Matroushi (100m freestyle); women: Maha Abdullah Al Shehi (200m freestyle).

Athletics
Maryam Mohammed Al Farsi (women's 100 metres).

The Specs

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Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
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Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Directed by: Craig Gillespie

Starring: Emma Stone, Emma Thompson, Joel Fry

4/5

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

UAE currency: the story behind the money in your pockets

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