Khurram Khan, who will play for Fly Emirates in the Pro ARCH Trophy that starts on Tuesday, believes many Emiratis are keen on cricket and have great talent.
Khurram Khan, who will play for Fly Emirates in the Pro ARCH Trophy that starts on Tuesday, believes many Emiratis are keen on cricket and have great talent.

Cricketers must earn the right to play



DUBAI// There is only one UAE national in the 15-strong cricket squad who will play in the ICC World Cup Qualifier tournament next month, but team captain, Khurram Khan, is adamant that Emiratis must be selected on merit and not just to make up numbers. Khurram, 38, and from Pakistan, said a school grassroots programme was helping promote cricket among UAE nationals but he added the sport loses out to football in the hearts of Emiratis.

Gearing up for Tuesday's opener of the Emirates Airline Pro ARCH Trophy when, as part of Fly Emirates team, he will face the might of English counties Sussex, Essex, Middlesex, Surrey, Lancashire and Yorkshire, Khurram yesterday said UAE cricket was moving in the right direction. "For this World Cup qualification campaign we have one Emirati -the fast bowler, Fahad al Hashmi," said the left-handed batsman and left-arm spinner.

"For the last few years there have been two or three nationals on the squad but they had other commitments and couldn't make it." Khurram, one of eight current UAE players to have gone to the 2008 Asia Cup, agreed more Emiratis should be enticed to the team but he said all players must be there on merit. "The talent is definitely there among Emiratis," he said. "Some of the guys have been attending nets regularly and I think that is a good sign, but I'm not in favour of just offering them to come and play just to have Emiratis on the team.

"If they want to be in the UAE team they have to compete and they have to work hard and earn their place. These guys have great talent and there are some young, keen players, but they need to work on conditioning and prove they are the right standard." High-profile cricket games held in Abu Dhabi and Sharjah - and in the future at Dubai Sports City - raised the profile of the sport in the country and Khurram hoped a stronger cricketing tradition could be developed as a result.

"Getting kids interested is definitely the key," he said. "Right now the love of the game is not there, like compared to, say, football. But cricket is getting there with development programmes in schools - we are progressing. "There is team in the domestic league made up of UAE nationals and these guys, considering they are new to the game, are very good and show a lot of interest: that's encouraging."

Khurram will head to South Africa with his team for the all-important World Cup qualifier group games against Afghanistan, Denmark, Kenya, Netherlands and Bermuda following the Pro ARCH tournament. "The Pro ARCH is going to be important as the Fly Emirates team fields UAE players," he said. "It's great to play against the big names. "Members of the UAE team all have full-time jobs so to get good practice in is essential."

stregoning@thenational.ae

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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.”

Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

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Visit Abu Dhabi culinary team's top Emirati restaurants in Abu Dhabi

Yadoo’s House Restaurant & Cafe

For the karak and Yoodo's house platter with includes eggs, balaleet, khamir and chebab bread.

Golden Dallah

For the cappuccino, luqaimat and aseeda.

Al Mrzab Restaurant

For the shrimp murabian and Kuwaiti options including Kuwaiti machboos with kebab and spicy sauce.

Al Derwaza

For the fish hubul, regag bread, biryani and special seafood soup. 

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RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

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