Zaheer Khan, centre, took the crucial wicket of Ricky Ponting, the Australia captain, yesterday.
Zaheer Khan, centre, took the crucial wicket of Ricky Ponting, the Australia captain, yesterday.
Zaheer Khan, centre, took the crucial wicket of Ricky Ponting, the Australia captain, yesterday.
Zaheer Khan, centre, took the crucial wicket of Ricky Ponting, the Australia captain, yesterday.

Ojha turns the game the hosts' way


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BANGALORE // The stage is set today for Virender Sehwag to play one of his trademark counter-punching innings and inspire India to a 2-0 series win over Australia. Australia will resume this morning on 202 for seven - a lead of 185 runs - and India are understandably confident of executing a tricky fourth-innings run chase with Sehwag, the dashing opening batsman who has a strike rate of nearly 82, in their ranks.

"Whatever they have got [we can chase]," Pragyan Ojha, the left-arm spinner who has taken three second-innings wickets, said. "We have to be slightly sensible the way we bat. "It's turning. I will be satisfied if we get early wickets tomorrow and bowl them out. "When you play for your country you have to be ready and expect these close pressure games. This is what Test cricket is all about. You mature a lot quickly."

India will be aware that the highest target chased in Bangalore was the 194 Australia made against India in 1998. India, meanwhile, successfully chased 151 against New Zealand in 1995. But with Australia having only successfully defended a target below 200 in away Tests on four occasions and Sehwag capable of dismantling any attack in the world, India will be optimistic. Peter George, the Australia swing bowler, has a job to do with both bat and ball today.

As last man in for Australia he will be tasked with eking out as many runs as possible. The 23-year-old will then come on as a first-change bowler and be instructed to bowl with accuracy and knock over India's vaunted top order. The South Australian claimed Sachin Tendulkar as his first Test wicket yesterday but not before the Little Master had made 214. "It would have been nice to take that wicket couple of hundred runs before," George said.

"But I will take it. It felt great to get one on the board. I am not used to these conditions and crowd. "There wasn't much bounce and so we tried other ways to get wickets. We have three wickets in hand and we have runs on the board and will try to bowl them out and win the match. "There is not much regulation swing here but it is reverse swinging." It is turning, too. The Indian spinners reduced Australia to 202 for seven, with Mitchell Johnson and Nathan Hauritz facing the task of extending a slender lead this morning.

Ricky Ponting, the captain, made a defiant 72 to hold the innings together before falling to Zaheer Khan in the final session. The tourists were let down by their top order which struggled against Ojha and Harbhajan Singh. Ojha removed Shane Watson, the in-form opener, Michael Clarke and Mike Hussey, while Harbhajan accounted for Simon Katich and Marcus North. India resumed on a commanding 435 for five and Tendulkar cruised to his sixth Test double century before falling for 214.

Tendulkar, who hit two sixes and 22 fours, became debutant George's first Test victim when he dragged a delivery on to his stumps and Hauritz polished off the tail as India collapsed to 495 all out. "You have to cut down a few shots," Murali Vijay, who made a century in the first innings, warned. "They will come at us stump-to-stump line. It will not be easy, we will have to apply ourselves hard," he added yesterday.

* Agencies

Rajasthan Royals 153-5 (17.5 ov)
Delhi Daredevils 60-4 (6 ov)

Rajasthan won by 10 runs (D/L method)

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UAE - India ties

The UAE is India’s third-largest trade partner after the US and China

Annual bilateral trade between India and the UAE has crossed US$ 60 billion

The UAE is the fourth-largest exporter of crude oil for India

Indians comprise the largest community with 3.3 million residents in the UAE

Indian Prime Minister Narendra Modi first visited the UAE in August 2015

His visit on August 23-24 will be the third in four years

Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, visited India in February 2016

Sheikh Mohamed was the chief guest at India’s Republic Day celebrations in January 2017

Modi will visit Bahrain on August 24-25

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.  

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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Ticket prices

General admission Dh295 (under-three free)

Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free

Buy tickets at: wbworldabudhabi.com/en/tickets

UAE currency: the story behind the money in your pockets

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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The specs
 
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Fuel economy, combined: 6.5L/100km
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