SAMARA // What you do not know, cannot hurt you. Of the 11 England starters who beat Sweden to book a place in the last-four of the World Cup on Saturday night, only three were born the last time their country contested a semi-final.
Kyle Walker and Jordan Henderson were just weeks-old babies, while Ashley Young was four when England lost in 1990 to West Germany on penalties. The hurt passed them by. Ignorance is bliss.
Now, 28 years later, England’s young band of brothers have a chance to write their own history. Well, another chapter. They are, after all, already changing the narrative in Russia, laying to rest against Colombia a penalty hoodoo that had involved three defeats from three World Cup shootouts.
Against Croatia on Wednesday in Moscow, England can qualify for a major tournament final for the first time since their sole triumph at the 1966 World Cup on home soil.
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Read more:
Richard Jolly: England look to pragmatic Henderson to defeat Croatia
Zlatko Dalic: Croatia will be ready for semi-final showdown with England
Semi-final stars: Maradona, Pele, Gascoigne, Baggio, Charlton - in pictures
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“It's amazing,” said Harry Kane, the England captain. “To meet any heroes from 1966 is incredible and always give you so much inspiration. It’s been a long time since England did well in a major tournament, let alone win it.
"A lot of us weren't even born in 1990. We have a tough game coming up, but we feel confident and we want to go all the way. We just need to keep it going — one step closer to what is the biggest game in football as a professional.”
With an average age of 26, England will be doing it with the second-youngest squad of the 32 teams that started this most-fascinating of tournaments.
Dele Alli, in heading his team’s second goal against the Swedes, became the second-youngest player to score for England at a World Cup, aged just 22.
For some, second-place is the first-placed loser, but for a team that has not reached a major final for 52 years, everything from now on must be taken as positive.
“I think it's a success as it is now, without a doubt,” said Harry Maguire, who opened the scoring in his country’s 2-0 win. “We're in a semi-final, which we've only managed to do three times, so it's a real, high success.
"A big achievement for the lads, but now we have a semi-final and we definitely believe we can reach the final. It's a big ask, but it's something we believe we can do.”
Such words will be music to the ears of the English media, which is famously almost as quick to proclaim its national team champions in-waiting as it is to proclaim them charlatans.
Having managed to avoid many of the traditional powerhouses of the game, England could reach the final without beating a team ranked inside the top 15 of Fifa’s official world rankings.
Gareth Southgate, consequently, is keen to temper expectations and play down the quality of his team, who were ranked 12th when Fifa last published their list ahead of the tournament.
“We are in World Cup semi-final, but whether we are in the top four in the world is something we still have to prove,” the England manager said. “We are not the finished article. We do not have renowned world-class players yet.”
Dele, who conceded he had played poorly before notching his third international goal, echoed Southgate’s words.
“We still want to achieve a lot more,” the Tottenham Hotspur midfielder said. “We’re hungry in the squad and want to keep achieving and improving together. We’re not the finished article, but we’re in the semi-finals of the World Cup. It’s exciting.”
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
One-off T20 International: UAE v Australia
When: Monday, October 22, 2pm start
Where: Abu Dhabi Cricket, Oval 1
Tickets: Admission is free
Australia squad: Aaron Finch (captain), Mitch Marsh, Alex Carey, Ashton Agar, Nathan Coulter-Nile, Chris Lynn, Nathan Lyon, Glenn Maxwell, Ben McDermott, Darcy Short, Billy Stanlake, Mitchell Starc, Andrew Tye, Adam Zampa, Peter Siddle
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.”
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
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