Al Nasr coach Walter Zenga.
Al Nasr coach Walter Zenga.
Al Nasr coach Walter Zenga.
Al Nasr coach Walter Zenga.

Walter Zenga's Al Nasr boys are fighting for recognition


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Dubai // Earlier this month, during one of Al Nasr's matches, Walter Zenga was pacing the sidelines, animated as always and screaming out instructions.

And then, as one of his players was brought to the ground by an ugly tackle, the Italian's voice rose higher by more than a few decibels, forcing the referee to urge him to tone it down.

"I told him this is my normal voice," Zenga said later. "As a goalkeeper, you need to have a loud voice because you have to be heard by your teammates in noisy, packed stadiums."

Besides being loud, goalkeepers can be a mercurial lot. Closer to home, Majed Nasser is a prime example.

They have to be combative and fearless as well, crashing into charging strikers and launching themselves over bodies, braving boots, knees and elbows, with little concern for their own well-being.

Zenga had an abundance of those traits and he is among the best goalkeepers the game has ever seen.

As a coach now, he is drilling those qualities into his players and the transformation of Nasr, during his time in charge, from perennial mid-table club into one of the league's front-runners, is a testimony to that.

And that change has not come through writing massive cheques.

Nasr have just one national team player: Habib Fardan.

Al Ahli have five men - Ahmed Khalil, Ismail Al Hammadi, Majed Hassan, Abdulaziz Sanqoor and Abdulaziz Haikal - playing for Mahdi Ali's team. Al Ain have four of them - the irrepressible Omar Abdulrahman, Mohammed Ahmed, Dawood Sulaiman and Mohannad Salem.

Zenga also does not have superstars like Asamoah Gyan, Grafite or Luiz Jimenez at his command, but he has managed to transform Leonardo Lima into one of the most influential players in the league.

And then there is the combative Italian Giuseppe Mascara; the way he tried to soften up Sepahan's Mohammed Reza Khalatbari in the Champions League clash on Tuesday was a glimpse into the team's psyche.

The Nasr team is a not just about Lima or Mascara, though, as Zenga often points out.

"We have played a number of matches without Lima and the team has showed a good level in those games," he said. "I am not saying this to minimise the role of Lima, but I just want to emphasise that we have very good Emirati players and I dream of a day when we play with only local players."

Taking one small step toward that dream, Zenga send out 11 Emirati players against Sepahan on Tuesday. "You must be joking," said a journalist as he went through the line-up.

The Italian has elicited many similar responses in his time at Nasr, but he has never lost faith in his players. And his trust has been reciprocated by the players.

"I know some people will agree with me and some people will not," Zenga said.

"Some people will understand what I am trying to do and others won't. But this is my job.

"For me, the most important thing is the team and the players are united around me.

"This gives the coach a fearless attitude. I have nothing to fear and I am not scared of facing any challenges."

Quique Sanchez Flores enjoys similar loyalty among his players at Ahli.

Since his arrival at the Rashid Stadium in November, 2011, the former Valencia and Benfica manager has turned a star-studded but under-performing squad into a formidable unit.

But unlike Zenga, Sanchez Flores signifies soft power. Soft-spoken, he chooses his words well and has kept out of controversies.

The Spaniard has kept his emotions in check, even when he has been questioned over the prickly issue of keeping Ahmed Khalil on the bench.

"I see all my players as my children, or brothers, both inside and outside the stadium," Sanchez Flores said recently.

"I love them all and I want them to give their best for the team."

The players have rarely disappointed Sanchez Flores.

Last year, they won the Etisalat Cup and this season, they have reached the semi-final of the President's Cup and are second on the league's point table behind champions Al Ain.

Nasr are six points behind Ahli (45) in fourth and Zenga's men will be hoping to close that gap when the two sides meet tonight. A derby, it should be an engrossing affair.

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Evacuations to France hit by controversy
  • Over 500 Gazans have been evacuated to France since November 2023
  • Evacuations were paused after a student already in France posted anti-Semitic content and was subsequently expelled to Qatar
  • The Foreign Ministry launched a review to determine how authorities failed to detect the posts before her entry
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  • It has benefited more than 700 people from 44 countries, including Syria, Turkey, Iran, and Sudan
  • Since the start of the Gaza war, it has also included 45 Gazan beneficiaries
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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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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."