Tom Guest of England races away to score a try during the Dubai Rugby Sevens tournament in 2007.
Tom Guest of England races away to score a try during the Dubai Rugby Sevens tournament in 2007.

England try for revival



DUBAI // The former England coach, Mike Friday, has expressed deep concern that the RFU's indifference towards sevens may hamper the progress of the full national team. The ex-Wasps scrum-half enjoyed a highly successful stint in charge of England's sevens team, before stepping down in 2006.

He quit the post in order to take up a new job in the City of London, where he now works for a global real estate company. However, the dismay he felt at the union's plan to cut back on some of the resources it had set aside for the sevens game hastened his departure from the job. Ben Ryan, Friday's replacement, has been handed less support than his predecessor was given - and has struggled to replicate his glories as a result.

However, after announcing two squads for next weekend's Dubai Sevens, including an unofficial second string playing under the guise of Stefan's adidas BHF in the International Invitational tournament, Ryan believes his side are ready to return to the top. He says the instability of the past two years is now over - but Friday is yet to be convinced. "I want to see England succeed, and I understand the bigger picture. I want to see these players progressing through. I do think the RFU need to review where sevens sits in the development plan.

"The one thing you need to ensure is that players come in and have a positive experience. There is no point bringing in players who haven't got a chance of playing England international rugby. "Likewise, you don't bring in guys who are too young because they would just get a negative experience of playing. Under Friday's stewardship, England became one of the world's greatest sevens teams, winning an unprecedented four successive Hong Kong Sevens titles, as well as back-to-back Dubai crowns.

Even more crucially for Friday, the sevens circuit proved to be a fertile breeding ground for players who went on to play for the full 15-a-side Test team. Of the 15 who started for England against Australia on Saturday, six cut their teeth at international level in the abbreviated form of the game. Friday added: "The aim was developing future England internationals - but our philosophy was winning development.

"We tried to win along the way, but it wasn't winning at the expense of the development of the player. "If you look at the England teams who have played the last few weeks, you see a lot of players who you saw in Dubai three or four years ago. "Circa 50-60 per cent of the squad played sevens under me. That is great, it just shows the value of the IRB Sevens circuit. "Playing in front of a packed house of 38,000 in Dubai is a Test match environment - you can't replicate that anywhere else."

@Email:pradley@thenational.ae

Set-jetting on the Emerald Isle

Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)

COMPANY%20PROFILE
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COMPANY%20PROFILE%20
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Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

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.”

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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UAE rugby season

FIXTURES

West Asia Premiership

Dubai Hurricanes v Dubai Knights Eagles

Dubai Tigers v Bahrain

Jebel Ali Dragons v Abu Dhabi Harlequins

UAE Division 1

Dubai Sharks v Dubai Hurricanes II

Al Ain Amblers v Dubai Knights Eagles II

Dubai Tigers II v Abu Dhabi Saracens

Jebel Ali Dragons II v Abu Dhabi Harlequins II

Sharjah Wanderers v Dubai Exiles II

 

LAST SEASON

West Asia Premiership

Winners – Bahrain

Runners-up – Dubai Exiles

UAE Premiership

Winners – Abu Dhabi Harlequins

Runners-up – Jebel Ali Dragons

Dubai Rugby Sevens

Winners – Dubai Hurricanes

Runners-up – Abu Dhabi Harlequins

UAE Conference

Winners – Dubai Tigers

Runners-up – Al Ain Amblers


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