Virat Kohli, left, and Ajinkya Rahane will resume their partnership on Day 4. Danish Siddiqui / Reuters
Virat Kohli, left, and Ajinkya Rahane will resume their partnership on Day 4. Danish Siddiqui / Reuters
Virat Kohli, left, and Ajinkya Rahane will resume their partnership on Day 4. Danish Siddiqui / Reuters
Virat Kohli, left, and Ajinkya Rahane will resume their partnership on Day 4. Danish Siddiqui / Reuters

Virat Kohli scores half-century as India continue to dominate England in second Test


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Captain Virat Kohli struck a dominant half-century on Saturday to help India tighten their grip on the second Test after England’s pacers rattled the Indian top order on Day 3 of a thrilling contest.

India, who dismissed England for 255 in the first innings, were 98 for three at stumps with Kohli (56) and Ajinkya Rahane (22) at the crease.

With the hosts stretching their second innings lead to a formidable 298, it will be an uphill battle for England from here on.

It was off-spinner Ravichandran Ashwin’s five-wicket haul that helped India bowl out England shortly before tea and gain a crucial 200-run lead.

England seamers came back roaring as Stuart Broad, who underwent a scan on his right foot after Friday’s play, sent the Indian openers trudging back to the pavilion early in their second innings.

Related:

• Day 2: India gain 'psychological edge' against England in second Test, says Ravichandran Ashwin

• Day 1: Kohli and Pujara score majestic centuries as England toil on Day 1 of second Test

• Osman Samiuddin: England should not draw too many conclusions from drawn first Test in India

Murali Vijay (3) was caught at gully while Lokesh Rahul (10) was plucked behind as England successfully used the review system on both occasions after the on-field umpire had adjudged the batsmen not out.

Senior pacer James Anderson also swung into action to clean up first innings centurion Cheteshwar Pujara for one, reducing the hosts to 40 for three.

Kohli and Rahane then got together to put on an unbeaten 58-run stand and thwart the persistent bowling attack in the final hour of play.

Kohli, who led from the front with a sparkling 167 in the first innings, recorded his 13th Test half-century as he raised his bat to an applauding home crowd.

Rahane played the supporting role to perfection with his patient 54-ball knock.

England captain Alastair Cook juggled with his seam and spin options but failed to make any more headway into the Indian batting.

Earlier Ben Stokes, who top-scored with 70, and Jonny Bairstow struck gritty half-centuries to revive England after they resumed on the overnight 103 for five.

Bairstow’s knock was cut short just before lunch when Umesh Yadav castled the wicketkeeper-batsman for 53.

Bairstow’s departure ended a 110-run sixth-wicket partnership between him and his overnight partner Stokes who carried on the good work into the post lunch session.

Ashwin finally trapped Stokes lbw and even though the batsman reviewed the decision, the on-field call was upheld by the third umpire.

Adil Rashid scored an unbeaten 32 as Broad also came out to bat with purpose even as English batting struggled to get close to India’s 455.

Ashwin, who recorded his 22nd Test five-wicket haul, got Broad (13) and Anderson (0) off consecutive deliveries as the visitors fell one run short of avoiding the follow-on.

The tourists, who gave India a run for their money in the drawn Test in Rajkot, have struggled against the Indian spinners at Visakhapatnam which is hosting its first-ever Test.

* Agence France-Presse

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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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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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The specs
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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

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The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

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