Yao Ming has been out of action since he fractured his left foot in a play-off game against Los Angeles in 2009.
Yao Ming has been out of action since he fractured his left foot in a play-off game against Los Angeles in 2009.
Yao Ming has been out of action since he fractured his left foot in a play-off game against Los Angeles in 2009.
Yao Ming has been out of action since he fractured his left foot in a play-off game against Los Angeles in 2009.

Yao Ming is on the comeback trail


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BEIJING // Yao Ming thinks it will take at least one injury-free NBA season before he can even start thinking about regaining his best form for the Houston Rockets. The seven-time All-Star, who has been out of action since sustaining a left-foot fracture in the Western Conference semi-finals against the Los Angeles Lakers in May 2009, is hoping to be fit in time for the Rockets' pre-season training camp in October.

"Talk about recovering my form is nothing but nonsense and will only be realised if I can get through the next season smoothly," he said in an interview with the newspaper China Daily. "Then, you will see results after that season." Yao was paid US$16.4 million (Dh60.2m) last year despite not playing one minute for the Rockets. Last month, he exercised the player option in his contract and will be paid $17.7m this season, or more than LeBron James will receive from the Miami Heat.

Yao conceded that he was unsure what kind of contribution he would be able to make to the team's bid to win the NBA title next season, even though Daryl Morey, the general manager of the Rockets, said he expected Yao to be in the line-up when the season begins. Even so, the Rockets last week signed the free agent Brad Miller to a three-year, $15m contract. Miller will provide depth at centre for the Rockets, or move into the starting five if Yao's comeback is slowed or aborted by further injury.

"I have no idea if I can return to the peak of my form," Yao said. "I have not been tested. I have not played competitive basketball since the injury even in training. I cannot answer if I will return to my best." He is recovering from an injury which at least one doctor described as "career-threatening" and the 2.28-metre centre, the tallest player in the NBA, has had to come to terms with the fact that his days on court could be ended at any moment with another injury.

"I know I will retire one day. My career will end sooner or later. Even if I can play until I am 36, I have to accept that fact," said Yao, who will turn 30 in September. "The only problem is that 30 is the golden time for an athlete, but for me it's sudden death and I find it hard to accept that." Still China's most popular and wealthiest sportsman despite a year on the sidelines, Yao has been the centre of a heated debate on the nationality of his daughter, who was born in Houston on May 21 and, thus, has American citizenship. Yao and his wife, Ye Li, a member of China's women's national team, are Chinese, but their daughter must renounce her US citizenship to gain a China passport, according to Chinese law.

Meanwhile, Yao said a return to his country's colours was also dependent on a long injury-free run. "If my foot can survive the whole season and require no surgery in the summer, I will probably play for China again," he said. "I think I can still help the Chinese team but, realistically speaking, I am not the future of China basketball due to my age. "China needs to have a new generation of players to take the responsibility."

* Reuters

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
The specs
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  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Brief scores:

QPR 0

Watford 1

Capoue 45' 1

The Cockroach

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