Mohammad Nabi, Afghanistan cricket captain, plays a shot at a World Cricket League match in Sharjah last October. Pawan Singh / The National / October 4, 2013
Mohammad Nabi, Afghanistan cricket captain, plays a shot at a World Cricket League match in Sharjah last October. Pawan Singh / The National / October 4, 2013

Afghanistan ship off for Australia to prepare for Cricket World Cup



Associated Press

Afghanistan’s fledging cricket team, featuring a coach from England and a captain born in a refugee camp in Pakistan, begin a three-week playing tour of Australia on Monday to prepare for their first appearance at next year’s 50-over Cricket World Cup.

Ranked 11th in the one-day international form of the game, the results of matches against teams from Western Australia and Canberra in Australia and Auckland-area teams in New Zealand won’t really matter – the Afghans are here to experience conditions they’ll face next February and March when the Cricket World Cup is hosted by both countries.

They will play in a tough Pool A that includes four-time champions Australia, New Zealand, England, Sri Lanka, Bangladesh and Scotland.

The team is coached by Andy Moles, whose brother – an anti-terrorism expert – advised him against taking the job in the war-torn country.

Afghanistan do not host any of their international matches due to ongoing security concerns and have recently played Ireland in Sri Lanka and faced Canada in the UAE.

Moles is a former Warwickshire opening batsman who has also coached New Zealand. He initially moved to Kabul as batting coach but took on the head job when Kabir Khan quit several weeks ago.

“It’s going to be frustrating, but if we get it right I think it can be very rewarding, both for players and also for what I want to get out of the job,” Moles told Fairfax Media on the weekend.

“A lot of people told me I shouldn’t go ... You have to be smart about your preparations for the day. I don’t go out at night at this stage, but hopefully after the (presidential) elections get sorted out it will be better.”

The Afghan captain is Mohammad Nabi, who was born in a Peshawar refugee camp and is the side’s star all-rounder.

He’s also optimistic.

“This will be written in the history of Afghanistan, as we are the first-ever sports team in the country to qualify for a World Cup,” Nabi said in an International Cricket Council statement.

“We have the capability to upset one or two teams. This will be the chance for Afghans who are based in Australia or New Zealand to come to the grounds and support their team.”

The tour is part of the ICC’s High Performance Program for a country that only became an affiliate member of the ICC in 2001. Afghanistan have appeared in three consecutive ICC World Twenty20 tournaments – 2010, 2012, and 2014.

After matches Monday and Tuesday against Western Australia sides at the WACA ground in Perth, Afghanistan will play two matches in Canberra. They will conclude their tour in Tauranga, New Zealand, where they will play against Auckland and Northern District.

“We and the whole nation are looking forward to the tournament,” Nabi said. “All Afghans want that team to play well in the World Cup. Our main objective as a team will be to acclimatise ourselves with the local conditions and get maximum advantage out of the tour; we will be playing some tough state and provincial teams.”

Afghanistan open their Cricket World Cup campaign on February 18 against Bangladesh in Canberra. Their other matches are against Scotland (Dunedin, New Zealand, February 26), Australia (Perth, March 4), New Zealand (Nelson, New Zealand, March 8) and England (Sydney, March 13).

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2011/12 Chelsea: 8(7) - 0
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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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Key fixtures from January 5-7

Watford v Bristol City

Liverpool v Everton

Brighton v Crystal Palace

Bournemouth v AFC Fylde or Wigan

Coventry v Stoke City

Nottingham Forest v Arsenal

Manchester United v Derby

Forest Green or Exeter v West Brom

Tottenham v AFC Wimbledon

Fleetwood or Hereford v Leicester City

Manchester City v Burnley

Shrewsbury v West Ham United

Wolves v Swansea City

Newcastle United v Luton Town

Fulham v Southampton

Norwich City v Chelsea

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  5. Full hormone production regained within 4-6 months
German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

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HOSTS

T20 WORLD CUP 

2024: US and West Indies; 2026: India and Sri Lanka; 2028: Australia and New Zealand; 2030: England, Ireland and Scotland 

ODI WORLD CUP 

2027: South Africa, Zimbabwe and Namibia; 2031: India and
Bangladesh 

CHAMPIONS TROPHY 

2025: Pakistan; 2029: India  

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Install an air filter in your home.

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COMPANY PROFILE
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Starring: Lana Condor and Noah Centineo

Two stars

Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

* Agence France Presse

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UAE-based players

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