David Warner smashed the second quickest 50 in Twenty20 history yesterday against the West Indies at the SCG.
David Warner smashed the second quickest 50 in Twenty20 history yesterday against the West Indies at the SCG.

Warner blasts gives Australia perfect record



Michael Clarke, the Australia captain, praised the attitude of his side after they signed off their summer in emphatic style as David Warner and Shane Watson blasted Australia to a worryingly easy eight-wicket victory over the West Indies at the Sydney Cricket Ground (SCG) yesterday.

The win ensures the Baggie Greens finish the summer with an unblemished record, their first in nine years, as they chased a modest 139 for victory after restricting the tourists to 138 for seven from their twenty overs. Warner, the explosive opener, blasted seven sixes and five fours on his way to 67 off 29 deliveries in front of an appreciative crowd of 31,639. He completed his half-century in 18 balls, the second quickest in T20 history, before holing out at mid-on off the bowling of Nikita Miller.

Fellow opener Watson finished 62 not out off 33 balls, capping a brilliant personal summer in all three forms of the game, smashing the hosts to victory with eight overs to spare. Clarke hailed his side after they finished the 2009/10 season on home soil unbeaten. "I am very happy," he said. "I can't believe that performance from both David Warner and Shane Watson. 'Watto' played brilliantly. "We were fantastic with the ball and our [high] standards in the field continued.

"Our attitude over the last few days has been fantastic, we have been positive and played great cricket with both bat and ball." Dan Christian (four) struck the winning runs for a dream debut which also saw him claim two for 29 with the ball. Warner started with a bang, hitting three sixes and a boundary off Kemar Roach's opening over. The crowd favourite was lightheartedly booed by the SCG faithful for playing a forward-defensive stroke with the next ball he faced, but the powerful left-hander was quickly back in favour when he hit Darren Sammy over mid-on.

No one was spared as the New South Wales player slammed the hapless visitors to all parts of the ground to send Chris Gayle's men home without a victory on Australian soil this summer. "I went out there to play my normal game and enjoy it in front of the fans," said Warner. "I practice switch-hitting in the nets and luckily it came off tonight." Earlier, consecutive sixes from Sammy to end the innings helped the visitors post 138 for seven in conditions conducive for batting.

Sammy, who finished on 26 not out, and Narsingh Deonarine (36 not out) tried in vain to save the day for the West Indies with an unbeaten 40-run stand after the top order again failed to produce. Christian bore the brunt of the late onslaught, conceding 18 runs off the final over, while Ryan Harris (two for 27) set the tone at the top of the innings to finish the pick of the Australian bowlers. Gayle's miserable run with the bat continued when he picked out Steve Smith at fine leg to give Harris his first scalp of the innings, departing for an unconvincing 12 off 14 balls.

"It has been a tough summer," admitted the West Indies captain. "We have been hammered into the ground, we have lost fair and square." The decision to elevate Runako Morton up the order backfired when the right-hander edged Harris to Cameron White at second slip for a golden duck. Kieron Pollard was unable to save the day when he was bowled by Watson for five, and when Wavell Hinds ran himself out without scoring the West Indies were in deep trouble.

The predicament worsened when Smith, the all-rounder, took a spectacular overhead catch on the square-leg boundary to end Travis Dowlin's (31) resistance and hand Christian his first international wicket. * With agencies

Men's football draw

Group A: UAE, Spain, South Africa, Jamaica

Group B: Bangladesh, Serbia, Korea

Group C: Bharat, Denmark, Kenya, USA

Group D: Oman, Austria, Rwanda

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

While you're here
Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions

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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More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
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