The crowd watch the Al Ain match at Hazza bin Zayed Stadium. Pawan Singh / The National
The crowd watch the Al Ain match at Hazza bin Zayed Stadium. Pawan Singh / The National

Opening match is a moment to savour for supporters



“I travelled all the way from Ajman for this historic occasion ... it’s an amazing feeling.”

Despite Al Ain’s failure to win last night, the trip made by Khalid Mohammed, a third-year engineering student from the Sharjah University, was not a wasted one.

Simply attending the game at the Hazza bin Zayed Stadium was a treat.

From the outside it is striking, and once inside it offers a match-day experience UAE football fans will not have experienced on these shores.

Being only the second state-of-the-art football stadium in the country, after Al Jazira’s Mohammed bin Zayed Stadium, the Hazza bin Zayed Stadium is compact and brings the fans closer to the pitch than at most grounds in the Emirates.

For those with seats in the first few rows, it is akin to having a ringside seat of a boxing contest. If the new stadium helps draw more fans to matches – and Al Ain already have the country’s largest fan base – it can only help improve the club’s results. Footballers generally prefer playing in front of large crowds.

Khalifa Al Kaabi, an Al Ain fan for more than a decade, said the general mood was of “joy and pride” at Al Ain’s new home.

“This is the feeling of the majority of the fans,” he said. “It is an iconic structure and everyone from the fans, players, to the citizens of Al Ain deserve to have a stadium of this stature.

“The facilities for the fans are fantastic. I booked and received my ticket online. Access to the stadium was so easy. This will encourage more fans to attend the games and get behind the team in support.”

apassela@thenational.ae

Company%20profile
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Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

MEFCC information

Tickets range from Dh110 for an advance single-day pass to Dh300 for a weekend pass at the door. VIP tickets have sold out. Visit www.mefcc.com to purchase tickets in advance.

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid


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