Rodrigo Lima, seen in a Benfica shirt, has been and is likely to continue to be an asset for Al Ahli. Patricia de Melo Moreira / AFP
Rodrigo Lima, seen in a Benfica shirt, has been and is likely to continue to be an asset for Al Ahli. Patricia de Melo Moreira / AFP
Rodrigo Lima, seen in a Benfica shirt, has been and is likely to continue to be an asset for Al Ahli. Patricia de Melo Moreira / AFP
Rodrigo Lima, seen in a Benfica shirt, has been and is likely to continue to be an asset for Al Ahli. Patricia de Melo Moreira / AFP

Rodrigo Lima could well take Al Ahli to Asian Champions League final


John McAuley
  • English
  • Arabic

Rodrigo Lima signed at Al Ahli the day before the registration deadline for the Asian Champions League’s latter stages.

The Dubai club’s search for a striker had been lengthy and laborious, stretching back to the previous summer, and through June and July included reported offers for players such as Demba Ba and Nikica Jelavic. More definitively, an uncharacteristically public pursuit of Luiz Adriano concluded with the Brazilian signing for AC Milan.

So Lima landed on July 24, announced via Ahli’s official Twitter account. An accompanying image depicted the new addition in Benfica’s colours, arms outstretched as he celebrated a goal, his name in bright white letters emblazoned across the bottom.

Understandably, Ahli were making a statement: finally, they had a man to correct the previous season’s profligacy. The endeavour, the exertion had paid off. From that moment on, the rewards have been plenty.

Lima has become an instant hit. He scored twice on his competitive debut in August's 8-1 mauling of Fujairah, the first an unstoppable strike high into the net from an acute angle, the second a predator's finish. He has not ceased since.

The glanced header against Sharjah last Thursday inflated Lima’s tally to 11 goals in nine appearances: four in the Arabian Gulf League, four in the Arabian Gulf Cup and, crucially, three in the Champions League.

The only goal in the quarter-final first leg at Naft Tehran; the opener in the return match at the Rashid Stadium; another, potentially vital, away goal three weeks ago in the first leg of the semi-final with Al Hilal. He has scored at least once in every match, in every competition.

His contribution in Riyadh could be his most important. It ensures Ahli go into Tuesday’s reverse fixture against Hilal with the aggregate score at 1-1, within touching distance of Asian football’s club showpiece.

Lima is their luminary. His success on the pitch has been predicated on his dedication off it, on the Brazilian’s reluctance to accept the transfer to Ahli as the careful winding down of what has already represented a fine career.

At 32, and with a hitherto significant CV – prolific in Portugal, a regular Uefa Champions League participant, twice winner of the Primeira Liga – Lima could have simply taken his well-remunerated two-year contract, deemed the transition to UAE football a step down and eased through until 2017.

But he has embraced the challenge, has resolved to make his mark in an altogether different environment. Not only has his fast start made swift friends, but his approach has impressed everyone at Ahli.

Lima is eminently likeable, an affable personality who has prioritised building bonds with teammates and club staff, no matter their rank. A native Portuguese speaker, he is working hard on his English.

And as he has settled, Lima has been gradually provided more responsibility, too. Against Sharjah, he wore the captain’s armband. Underpinned by the talent, he has showcased that he possesses both the temperament and the tenacity to thrive.

All of those qualities will be required for Tuesday’s landmark match with Hilal. Recruited on the eve of the Champions League deadline, and after Ahli had exhausted other possibilities, Lima has proved a master of timing. Another milestone moment would only add to his lore. It would also place Ahli one step closer to the continental crown.

jmcauley@thenational.ae

Follow us on Twitter @NatSportUAE

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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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UAE currency: the story behind the money in your pockets
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Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

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UAE currency: the story behind the money in your pockets
VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC