ABU DHABI // The finish line to a four-year journey is in sight, Mahdi Ali said, and he urged his players to seize their chance today and for UAE fans to be their witnesses.
The country’s Under 23 football team play Australia at 5.30pm at Mohammed bin Zayed Stadium in the second-last group match in qualifying for the London 2012 Olympics.
Two victories will gain them a place in the Summer Games for the first time and would rank behind only the 1990 World Cup appearance as the biggest achievement in UAE football history.
Ali began coaching these players in 2008, when they won the Under 19 Asian Cup in Dammam. He said the London 2012 Olympics were a distant goal, back then, one that only now has come into focus.
“We have a great chance to make this happen for the first time in the history of the UAE,” he said. “I think this is a big, big, big, big thing for the fans, the officials, the coaches, the players and staff, and I think we have to fight for this hope.
“Chances don’t come all the time. Sometimes you have only one chance, and you must fight to get it.”
The UAE cannot clinch a London berth today, nor can they be eliminated from contention; the decisive match will be in Uzbekistan on March 14. But the team certainly can ease their path to London by defeating Australia, who have their own slim chance still of advancing.
“All the players are ready,” said Mohammed Ahmed, the team captain. “We have played for many championships, and we think we are 100 per cent ready.”
Goals likely will come dear: the UAE have one in four matches; Australia have none. The UAE are on eight points from four matches: two scoreless draws, including one at Adelaide in September; a victory over Iraq 17 days ago, and a forfeit victory over Iraq from November, when the visitors used an ineligible player and a 2-0 UAE defeat became, two weeks ago, a 3-0 UAE victory.
Mahdi Ali">The line-up that won in Doha thanks to Ahmed Ali's goal could see several changes. A trio of players who typically have been in first XI did not play in the 1-0 victory but are now available: the Lyon defender Hamdan Al Kamali, the Al Ahli striker Ahmed Khalil and the Al Ain midfielder Omar Abdulrahman.
Amer Abdulrahman, the Baniyas midfielder and orchestrator of the UAE attack, injured his foot in a match with the Chinese club Dalian last week and his availability will not be known until just before the match, Ali said.
He said Australia are a formidable opponent. “They are a big team, and we’ve played against them many times, going back to the Asian Cup semi-finals in Dammam in 2008. The Australia team is in good shape, and they play rugby-style football.”
Ali said his strategy will not be impacted by the result of the match between Uzbekistan and Iraq last night, won 2-1 by Iraq.
come to support the team">He called on UAE fans to turn out in force for the match despite its early starting time. The stadium holds more than 45,000; it can seem nearly empty even with 10,000 inside.
“Anyone who loves his country will come no matter the time,” Ali said.
“We played against Iraq, and the Iraqi fans were more than the UAE fans. Whoever likes his country will need no invitation.”
poberjuerge@thenational.ae
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Tales of Yusuf Tadros
Adel Esmat (translated by Mandy McClure)
Hoopoe
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8 traditional Jamaican dishes to try at Kingston 21
- Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
- Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
- Mento Oxtail: flavoured oxtail stewed for five hours with herbs
- Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
- Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
- Jamaican beef patty: a pastry with ground beef filling
- Hellshire Pon di Beach: Fresh fish with pickles
- Out of Many: traditional sweet potato pudding
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Company%20Profile
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