Pakistani fast bowler Imran Khan, left, celebrates after Australia batsman Chris Rogers was dismissed on Day 2 of the Abu Dhabi Test on Friday. Marwan Naamani / AFP
Pakistani fast bowler Imran Khan, left, celebrates after Australia batsman Chris Rogers was dismissed on Day 2 of the Abu Dhabi Test on Friday. Marwan Naamani / AFP

Brad Haddin wants Australia to be as hungry as Pakistan in Abu Dhabi Test



ABU DHABI // If there is such a thing as mass, collective dreaming then the 11,000 souls who turned up at the Sheikh Zayed stadium on Friday – not to forget the millions watching on television – probably underwent it.

Pakistan piling on the runs, running Australia right into the ground? Over the last 20 years that scenario has been too outlandish for most Pakistanis to even dream about. Yet the scoreboard had it right: Pakistan 570 for six declared and Australia, already one down and way too many behind.

The dream was built upon more record-breaking feats from Younis Khan and an enterprising sixth Test hundred from the captain Misbah-ul-Haq. The former went on to a double, his fifth in Tests, and became the third Pakistani in the process to cross 8,000 Test runs.

His 181-run stand with Misbah was the pair’s 11th century partnership, making them the most prolific Pakistani pair ever. A more obscure but telling achievement was Younis’s: he became the only modern day batsman to average over 50 in each of the four innings of a Test match.

“I’m really happy and really proud at the moment,” Younis said. “I didn’t have any hundreds against Australia before the series, but I had only played six Tests against them.

“Now I’ve gotten a few all together but mostly I’m happy that because of my performances Pakistan are on top.”

Australia’s misery in these conditions continued; having been in the field for two days, struggling to take wickets, they lost Chris Rogers in the penultimate over of the day.

They were sloppy in the field again as well, David Warner dropping a simple chance at point from Younis early in the morning and then missing a stumping as well. That Warner was wearing the gloves was bad news as well.

Brad Haddin, the regular wicketkeeper, injured his right shoulder in going for an edge in the morning’s sixth over. He stayed on for a bit before going off. He came on again after lunch but was struggling visibly and eventually went off again towards the close of Pakistan’s innings.

The good news may be that he did not require a scan but he could not say whether he will keep again in the match.

It is difficult to see Pakistan batting again in any case.

“Obviously they’re in a very good position,” Haddin said. “They can dictate how they want to play it for the next couple of days. It’s up to us now to dig in, it’s our turn to bat now. We’ve got to make sure we’re as hungry as their batters were and get a big score on the board.”

osamiuddin@thenational.ae

Follow our sports coverage on Twitter @SprtNationalUAE

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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.”

LIVING IN...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Mia Man’s tips for fermentation

- Start with a simple recipe such as yogurt or sauerkraut

- Keep your hands and kitchen tools clean. Sanitize knives, cutting boards, tongs and storage jars with boiling water before you start.

- Mold is bad: the colour pink is a sign of mold. If yogurt turns pink as it ferments, you need to discard it and start again. For kraut, if you remove the top leaves and see any sign of mold, you should discard the batch.

- Always use clean, closed, airtight lids and containers such as mason jars when fermenting yogurt and kraut. Keep the lid closed to prevent insects and contaminants from getting in.

 

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

The Lowdown

Kesari

Rating: 2.5/5 stars
Produced by: Dharma Productions, Azure Entertainment
Directed by: Anubhav Singh
Cast: Akshay Kumar, Parineeti Chopra

 

MATCH INFO

Euro 2020 qualifier

Ukraine 2 (Yaremchuk 06', Yarmolenko 27')

Portugal 1 (Ronaldo 72' pen)

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.