Old football habits continue to die hard for Mohammed Abbas, the new UAE winger, as he was sent off for a deliberate trip against Hong Kong at the start of day two at the Shanghai Sevens.
It was an ominous portent for the national sevens team, who proceeded to suffer a chastening day all round in the second leg of the Asian Sevens Series.
After heavy defeats to the eventual winners Hong Kong and, more worryingly, Sri Lanka, the UAE ended up in eighth place in the 10-team competition.
Abbas, a former semi-professional footballer, has quickly become one of the brightest prospects in UAE rugby following his conversion to the sport last season. The management of the national sevens team had to delay his competitive debut by two weeks, as the opening leg of this year's series coincided with an exam for the university student.
He wasted little time in impressing in China this weekend, though, and his raw talent was clear to see on the opening day of competition in Shanghai, when he ran in a try from long distance with his first touch of the ball in international rugby. He betrayed his inexperience on the second morning of the event, however, when he dangled out a foot and tripped a Hong Kong attacker.
The subsequent red card left his side down to six men for the majority of the game, and a 42-0 defeat ensued.
"There was not much room for doubt about it, but Mohammed is learning the game and it was a natural reaction," said Wayne Marsters, the sevens coach.
"It wasn't malicious or intentional, it was just the reaction of a winger used to playing football who is used to sliding the foot out when someone is going outside of you.
"Everyone realised that was down to his inexperience.
"He has lots of raw potential, but this is a learning curve for him."
Other than the second-day glitch, Marsters said he was highly impressed by Abbas's baptism on the international stage, and said: "He adds another dimension because of his pace, which is something we have not really had a lot of before.
"It is nice to get the ball wide and know you are in with a shot when he gets the ball.
"He also made a very good cover tackle in his first game.
"He is not backward in coming forward and he has that out-and-out speed, which are good attributes to have as a novice rugby player." Duncan Hall, the performance manager of UAE rugby, was also overseeing proceedings in Shanghai, and he was upbeat about the first impressions of Abbas.
"He has a very nice feel for the game, and has a lot of game sense," said Hall, the former Australia international forward.
"When we first saw him play last year it was obvious he had outstanding speed, and we thought that was something we need."
Hall deemed the performances of the three Emiratis in the squad - Abbas, along with Cyrus Homayoun and Mohanned Shaker - to be the brightest aspects of an otherwise relatively bleak weekend in China.
Hall said: "Is it a step forwards or a step backwards [from the opening leg in Borneo]?
"We have blooded another four players, so we know a lot more.
"We have found two new players, and we can review what we have done and learn from it."
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
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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Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
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A little about CVRL
Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.
One of its main goals is to provide permanent treatment solutions for veterinary related diseases.
The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery.
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Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
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Rating: 4/5