The Abu Dhabi Harlequins drew 23-23 with the Dubai Hurricanes at the Al Ghazal Club.
The Abu Dhabi Harlequins drew 23-23 with the Dubai Hurricanes at the Al Ghazal Club.

Abu Dhabi stumble to title triumph



ABU DHABI // The grand ambitions with which Abu Dhabi Harlequins started the season were finally realised on Friday evening as they carried off the Premiership title following a thrilling conclusion to the campaign at Al Ghazal. Nail-biting final days have become the norm in the Arabian Gulf Premiership. For the second consecutive season, only a select few knew exactly what was going on when the final whistle blew on the campaign.

Before the start of play in their final fixture, against Dubai Hurricanes, Quins knew that a win would be enough for them to take the title. With Dubai Dragons, the only side who could stop them, taking a strong squad for their last match in Bahrain, a defeat would in all probability cost the capital side the trophy. Amid all the calculations, the one permutation which was mostly neglected was what would happen if the match was drawn. Inevitably, that was what came to pass, as a rousing comeback from the Hurricanes resulted in a 23-23 tie.

The Quins club chairman, Richard Harris, took to the field and announced to the nonplussed supporters that the club would only learn their fate later, when the Dragons had finished their match in Bahrain. Eventually, after a nervous hour-and-a-half wait, the information from the phone-lines revealed the Dragons had pulled up one try short in their bid for a bonus point, handing the title to Quins.

The former Abu Dhabi Rugby Football Club have made a concerted push for recognition since last summer, which was reflected in their tie-up with the London-based Premiership side Harlequins. "We have just changed to Abu Dhabi Harlequins and a lot of people were wondering how we would get on," reflected their captain and coach, Alastair Thompson. "As a club, I think this [Premiership title] puts us on the map. Rugby is not a huge sport in Abu Dhabi. I know from first-hand experience what it is like to get kids playing the game, but I think this will lift the profile.

"We try to do our bit, the city is growing and we do have the pick of good players at the moment. It is a case of gelling them together." Dubai Hurricanes, and James Tometski in particular, did their best to spoil the party. The outgoing champions, whose title defence was dented irreparably by an availability crisis mid-season, were keen to prove they are still a force to be reckoned with, and their second-half display set nerves racing among the home contingent.

Tometski, the Arabian Gulf winger, is the surest place-kicker in the region and he gave an education with the boot despite the breeze at Al Ghazal. None of his kicks at goal were easy, yet he scored all 23 points, which also included the away side's only try. He crossed the line for a dramatic try to level the scores deep into injury time. Ironically, he then saw his touchline conversion drift inches wide of the left-hand upright. The miss proved crucial. The two points Quins earned for the resultant draw were eventually the difference between them and the Dragons at the top of the Premiership.

@Email:pradley@thenational.ae

Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

Cherry

Directed by: Joe and Anthony Russo

Starring: Tom Holland, Ciara Bravo

1/5

Western Region Asia Cup Qualifier

Results

UAE beat Saudi Arabia by 12 runs

Kuwait beat Iran by eight wickets

Oman beat Maldives by 10 wickets

Bahrain beat Qatar by six wickets

Semi-finals

UAE v Qatar

Bahrain v Kuwait

 

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.”

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work