DUBAI // The room filled with the sound of Scrabble tiles being shuffled as young wordsmiths, aged between 7 and 17, picked out their first set of letters.
Navya Zaveri, 15, frowned in concentration as he placed his first word “Tuatera” on the board against his opponent, seven-year-old Cherish Ambiokolo, from Nigeria.
The two contestants were among 150 “Scrabblers” from more than 20 countries battling it out at the Etisalat Academy, in Al Muhaisnah, to clinch the top spot at the eighth annual World Youth Scrabble Championship (WYSC), which began on Thursday afternoon.
“I am a little nervous,” said Navya, who was last year’s winner in the under-16 category in Birmingham, England.
“It is always a nervous beginning. I am trying not to be complacent. The field looks tough this year.”
The pupil, from the Indian High School in Dubai, is one of 18 contestants representing the UAE team at the three-day event.
“I have been studying words and playing games for practise,” said Navya, who scored a high 581 points in the first round.
This is the first WYSC tournament to be organised in the Middle East and is the only time the championship has seen so many contestants.
“This is an unprecedented number,” said Nikhil Soneja, chairman of the UAE Scrabble Club. “In fact, there are more people this year than the last two tournaments. This is probably because Dubai is a central location and is easy to reach.”
Even seasoned players had trained rigorously, unwilling to leave anything to chance.
“I have practised using the Zyzzyva software,” said Anand Bharadwaj, 13, who was representing Australia. “This is my third WYSC tournament. It is an exciting tournament. There is no guarantee and I am well prepared. I have devoted a few months for this,” said Anand, who has already played in at least 50 scrabble tournaments.
However, not everyone was brimming with confidence.
“The first round went badly for me,” said Joshua Thomas, 12, a Sri Lankan pupil from Pristine Private School who is representing the UAE. “It was tough. I will try to work harder and learn from my mistakes. But I think I have a very small chance of winning the tournament.”
Most of the contestants representing the UAE were Indian, Sri Lankan and Filipino.
A small number of parents had gathered to watch the young competitors take to the boards.
Fazla Infas was one of them. She had travelled from Qatar to watch her son, Sahel, 8, play.
“I am very tense but my son is relaxed,” said Mrs Infas. “I am very proud of him, as getting to this point is an achievement by itself.
“He has been undergoing intense training and has been having practice sessions in school and at home. He has been playing with other kids, too.”
WYSC is the flagship tournament for the World English-language Scrabble Players Association, the international body for the fast-growing game.
Since 2006, the youth championship has been held in Australia, the UK, the Philippines and Malaysia.
The event ends on Saturday when the winner will be declared based on the total number of wins, and the margin of victories.
About 1,500 games and 24 rounds will be played by the end of the three days.
Even as the young contestants pushed themselves to form words that fetched the highest points, about 20 adults also played alongside.
Mohammad Sulaiman, a veteran Scrabble player from the UAE, was among them. “A lot of young, intelligent people from Asia, Thailand and the UAE are playing today,” he said. “The UAE has just started encouraging players. It still doesn’t have the depth.”
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
T20 WORLD CUP QUALIFIERS
Qualifier A, Muscat
(All matches to be streamed live on icc.tv)
Fixtures
Friday, February 18: 10am Oman v Nepal, Canada v Philippines; 2pm Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am Oman v Canada, Nepal v Philippines; 2pm UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am Ireland v Germany, UAE v Bahrain; 2pm Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm Semi-finals
Thursday, February 24: 2pm Final
UAE squad:Ahmed Raza(captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
MATCH DETAILS
Manchester United 3
Greenwood (21), Martial (33), Rashford (49)
Partizan Belgrade 0
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.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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