Croatia coach Zlatko Dalic is upbeat on his side's potential going into the World Cup. Martin Divisek / EPA
Croatia coach Zlatko Dalic is upbeat on his side's potential going into the World Cup. Martin Divisek / EPA

Zlatko Dalic confident Croatia will deal with great expectations against Nigeria



Former Al Ain manager Zlatko Dalic heralded the balance of his Croatia squad as he gets set to make his World Cup bow against Nigeria on Saturday.

The Croat, who led the Garden City club for three years until February last year, takes his national team into their Group D opener against Nigeria at the Kaliningrad Stadium in Kaliningrad.

Dalic is seeking to guide Croatia in Russia to the knockout stages for the first time since the 1998 World Cup, when their vaunted side made their debut as an independent country. They went on to finish third in France.

This time, Croatia have been given a testing group, with Argentina and Iceland to come after Nigeria.

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However, Dalic is confident he has the perfect blend among his 23 players to live up to their heightened billing back home.

"We have a very good set of players who are the driving forces of big clubs and young players; it's a good mixture of youth and experience," he told the media on Friday.

"It is right that expectations are high and we expect from ourselves more than anybody else.

"I hope we will prove all those flattering descriptions right and that this generation will get a result with some luck along the way. We are full of self-belief and ready to show some good football."

Speaking about dealing with expectation against Nigeria - Croatia go into the match as favourites - Dalic said: "We have our own style: we play possession football, we are offensive and we won't give that up to adapt to Nigeria.

"I believe in our players and I don't want to limit their creativity. It is our biggest advantage."

Captain Luka Modric, sitting alongside Dalic, added: "If we go through the group stage, then everything is possible."

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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

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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The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

EA Sports FC 25

Price, base / as tested From Dh173,775 (base model)
Engine 2.0-litre 4cyl turbo, AWD
Power 249hp at 5,500rpm
Torque 365Nm at 1,300-4,500rpm
Gearbox Nine-speed auto
Fuel economy, combined 7.9L/100km