World Cup diary: Bail for two women on marketing charges


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Two Dutch women were released on bail yesterday after facing charges that they broke a law covering ambush marketing by wearing mini-dresses promoting a brewery at a World Cup match. The women are being prosecuted under the Contravention of Merchandise Marks Act, which prevents companies benefiting from an event without paying for advertising. South African police arrested the women at their hotel in the Johannesburg district of Roodepoort on Wednesday, two days after they were questioned at the Holland-Denmark game. They appeared at Johannesburg Magistrates Court and were released on bail of 10,000 rand (Dh4,834) each, with their next court appearance set for Tuesday. "We view ambush marketing in a very serious light and we urge people not to embark on these ambush campaigns," police said in a statement. The women were among a group of more than 30 Dutch women who attended Monday's match at Soccer City wearing dresses paid for by the brewery company Bavaria.

Saleh al Marzouqi, the Emirati referee, will make his World Cup debut in the match between France and Mexico in Polokwane tonight. He will be an assistant to the Saudi Arabian referee Khalil al Ghamdi.

South Africa will deport 17 more Argentines for hooliganism after raiding their living quarters, police said yesterday. South Africa has so far deported 11 Argentines and one United Kingdom national was refused entry in the build-up to the World Cup.

Stephen Appiah, the Ghana midfielder, has won his appeal against an order to pay Fenerbahce ?2 million (Dh9m) in compensation over the termination of his contract. Appiah quit the Turkish club in August 2008 in a row over the treatment he had received on a serious knee injury which had kept him out for nine months up to that point. The injury kept him out of the African Cup of Nations in his home country earlier that year.

Boris Johnson, the London mayor, has joined the vuvuzela chorus in South Africa. But he does not want the horns to catch on back home in England. Johnson arrived in Cape Town yesterday to tout his city's hosting of the 2012 Olympics, and his country's bid for the World Cup in 2018. He said London and England could learn a lot from South Africa's impressive staging of football's biggest event, and offered two blasts from the vuvuzela. He called it a "beautiful instrument," but said he did not want vuvuzelas at the London Games.

Do what your mother always told you, Germany coaches have been telling players as they look to make sure a cold front does not affect their preparations for tomorrow's match against Serbia. "All the players have to follow the type of advice your mother gave you. Blow dry your hair after the shower and always dress warm," Hansi Flick , the assistant coach, told reporters. The freezing temperatures at their Erasmia training base near Pretoria have already claimed one victim, with Bastian Schweinsteiger training alone yesterday to shake off a cold. The midfielder will be fit to play against Serbia, though.

Brazilian organisers of the 2014 World Cup have dropped Sao Paulo's Morumbi stadium as a host venue because the city has failed to provide financial guarantees. The Brazilian football federation says the Morumbi will not be used, and the city's revised version of the project will not be examined. The 50-year-old Morumbi stadium was due a US$135 million (Dh495m) refurbishment to create a 68,000-capacity venue for the finals. It was intended to host group stage and second-round matches plus a semi-final, but the project has been plagued by delays and criticised by Fifa. Jerome Valcke, Fifa's secretary general, said last month it was "amazing" that Brazil's planning for 12 venues to host the finals had fallen so far behind schedule.

With a labour dispute in stalemate, the South African police say they will take over security duties at four major stadiums for the rest of the World Cup. Because of a strike over wages by privately hired security stewards, police had already taken over their duties on an interim basis. The announcement yesterday made clear authorities no longer expect a settlement of the dispute, and the police takeover will last through the final on July 11. The decision was made after a meeting between police officials and the local organising committee.

India squad

Virat Kohli (captain), Rohit Sharma, Mayank Agarwal, K.L. Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant, Shivam Dube, Kedar Jadhav, Ravindra Jadeja, Yuzvendra Chahal, Kuldeep Yadav, Deepak Chahar, Mohammed Shami, Shardul Thakur.

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

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LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

UAE currency: the story behind the money in your pockets
In numbers

- Number of children under five will fall from 681 million in 2017 to 401m in 2100

- Over-80s will rise from 141m in 2017 to 866m in 2100

- Nigeria will become the world’s second most populous country with 791m by 2100, behind India

- China will fall dramatically from a peak of 2.4 billion in 2024 to 732 million by 2100

- an average of 2.1 children per woman is required to sustain population growth

MATCH INFO

Rugby World Cup (all times UAE)

Third-place play-off: New Zealand v Wales, Friday, 1pm

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  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
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  • Field engineer: Dh6,500 to Dh7,500
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The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

UAE currency: the story behind the money in your pockets
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

The biog

Name: Fareed Lafta

Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

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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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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Profile of Bitex UAE

Date of launch: November 2018

Founder: Monark Modi

Based: Business Bay, Dubai

Sector: Financial services

Size: Eight employees

Investors: Self-funded to date with $1m of personal savings

'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.