Omar Abdulrahman in action against Great Britain on Sunday night. Stu Forster / Getty Images
Omar Abdulrahman in action against Great Britain on Sunday night. Stu Forster / Getty Images

Olympics: Omar Abdulrahman has made a big impression at Games



LONDON // Omar Abdulrahman could be in line for a tryout with a major European club after his scintillating performances in the UAE's first two games at London 2012, says the Dubai-based representative for the Manchester company which represents Wayne Rooney.

"Everybody knew Omar would be the one who would stand out, and he hasn't let us down," said Dave Fenwick, who works for Triple S Sports Management.

"He is an ideal player for international football, which is more about possession and control. The cut and thrust of the Premier League would be different."

Describing the Olympic football tournament as "a shop window", Fenwick yesterday said the Al Ain midfielder has stood out. His technical skills have been remarked upon in the British media, and he made the passes that led to both UAE goals here.

During the UAE's match with Team Great Britain, the Arsenal midfielder Conor Henderson tweeted that Abdulrahman has a "wand of a left foot".

Fenwick said he is not aware that Abdulrahman has an agent, but expects that some will attempt to recruit him and perhaps promise more than can be delivered.

He said the proper way to move forward would be to approach Al Ain, perhaps to broker a tryout, or a stint training with the first team of a European club. "No one till now would offer him a big transfer fee," Fenwick said.

Carlo Nohra, Al Ain's chief executive, said the club's technical committee would make any decisions on allowing the playmaker to try his luck with another side, "and a plausible outcome would be a resistance to losing one of our very important players".

He added: "But players have ambitions, too ... and I think clubs from any country should help players to move to a higher level. It can be financially advantageous for the club and, equally, the player could go on loan and come back as an even better player."

Fenwick had also told his employers to be on the watch for Ahmed Khalil, the UAE striker, but he has had a difficult tournament so far.

"He perhaps has not had the performances here you would have wanted, yet he is one of the few in the team with the upper-body strength to play with one of the European leagues," Fenwick said.

"With that physical strength, he might be someone a club would feel they could work with, and he might still be of interest."

Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

Scoreline

Syria 1-1 Australia

Syria Al Somah 85'

Australia Kruse 40'

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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Company%20Profile
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How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

Disposing of non-recycleable masks
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million