Associated Press
Rubio Rubin scored twice around goals by Emerson Hyndman and Paul Arriola, and the United States routed hosts New Zealand 4-0 Tuesday at Wellington to become the first team to reach the last-16 knockout round of the Fifa Under 20 World Cup.
The US, with two wins from two matches for the first time in 14 appearances at the tournament, close the group stage against Ukraine on Friday. The Americans opened with a 2-1 win over Myanmar last weekend.
On a wet and cold day, Rubin put the US ahead in the sixth minute when he tapped in a cross from Bradford Jamieson IV following Hyndman’s corner kick.
Hyndman doubled the lead in the 34th when he scored through the arms of goalkeeper Oliver Sail with a right-footed shot after Rubin’s initial attempt was blocked by the keeper. Hyndman, a grandson of former FC Dallas coach Schellas Hyndman, became the first American to score in consecutive matches at the tournament since Jozy Altidore in 2007.
Arriola made it 3-0 in the 58th when he took a pass from Arsenal midfielder Gedion Zelalem, ran into the penalty area and scored with a right-footed shot that went in off the left post.
Zelalem, who plays for English club Arsenal, became eligible last month to play for the Americans and made his first start for the US team.
Rubin scored the final goal in the 83rd when he tapped in a cross from Desevio Payne.
Zack Steffen recorded a clean sheet in goal for the Americans, who out-shot New Zealand 30-11.
US forward Maki Tall will miss the rest of the tournament after breaking the big toe of his left foot in the opener.
In the other Group A game, Ukraine defeated Myanmar 6-0 as Viktor Kovalenko had two goals and two goal assists. Ukraine had opened with a 0-0 draw against the hosts.
In Group B, Ghana upset South American champions Argentina 3-2 and Austria defeated Panama 2-1.
Ghana opened a 3-0 lead on goals by Benjamin Tetteh in the 44th and Clifford Aboagye in the 59th followed by Yaw Yebboah’s penalty kick in the 69th. Argentina closed when Giovanni Simeone scored in the 80th and Emiliano Buendia in the 90th.
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The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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WHAT IS A BLACK HOLE?
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Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
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Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
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Biography
Favourite book: Zen and the Art of Motorcycle Maintenance
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Proudest achievement: Receiving a presidential award for foreign services.
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Number of tracks: 11
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Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.
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- Double Talkin’ Jive
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- Rocket Queen
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- Coma
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- Sweet Child O’ Mine
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- Wish You Were Here (instrumental Pink Floyd cover)
- November Rain
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Encore:
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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.
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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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Museum of the Future in numbers
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