In the wake of Tuesday night's disheartening 3-0 loss to Saudi Arabia in Jeddah, John McAuley takes stock of what went wrong and what can change for the UAE.
Right-back remains a serious issue
It has long been viewed as a weak area, which has been only exacerbated by Mohammed Ahmed’s long-term injury. Against Saudi Arabia, Mahdi Ali chose Abdulaziz Haikal at right-back, but the Al Ahli defender had a torrid evening. He was booked for a wild challenge on Nawaf Al Abed, yet continued to jump into tackles, while he panicked when in a really promising attacking position early on. The nadir, though, arrived soon after the hosts had opened the scoring: Haikal took a bad touch following a UAE corner, allowing the Saudis to counter and double their lead. Calls for Al Nasr’s Ahmed Al Yassi and Al Shabab’s Manei Mohammed will only grow. They both warrant a call-up.
Two up top is too risky
Bert van Marwijk suggested as much post-match. The Saudi Arabia manager deployed three in central midfield, where Salman Al Faraj, Yahia Al Shehri and Taisir Al Jassem began to dominate Khamis Esmail and Tariq Ahmed once the UAE tired. It was not surprising, given Ahmed Khalil and Ali Mabkhout led the line in tandem for the visitors – leaving space behind them that in time the Saudis exploited. It was a bold move by Mahdi Ali, and his team competed well in the first half, yet it always seemed as if their opponents would soon make the extra body in the middle count. Ahmed played well again alongside Esmail, but against the stronger sides, they could do with more assistance.
Fresh back-ups are required
The UAE tired midway through the second half, much like five days previously at home to Thailand. It has often been said that the squad should be better utilised, with the likes of Salem Saleh and Hassan Ibrahim able to offer fresh legs when required. Mahdi Ali can also look outside his regular group, though. As mentioned, Al Yassi and Manei Mohammed are obvious candidates, as too is Al Nasr’s Mahmoud Khamis at left-back. Meanwhile, Mohammed Abdulrahman deserves a recall, while much is expected of Al Ain teammate Ahmed Barman. Also, once Majed Hassan returns from injury, he will slot back into central midfield. Hugely talented, he should be a guaranteed starter.
Amoory must overcome his Saudi funk
Omar Abdulrahman is considered one of Asia’s finest footballers, and with considerable merit, too. The Al Ain playmaker has been fantastic for club and country this season, reflected in a string of man-of-the-match awards. However, he struggled in Jeddah. It continues a theme: Abdulrahman has seldom performed to his capabilities against the Saudis and again was short of his best. He appears too eager to impress, too keen to prove a point, overcomplicating his play and wilting a little when his side needed him most. His connections to Saudi are well known, and it seems that affects him when up against Saudi sides. “Amoory” does not need to try so hard, for he undoubtedly has the quality to succeed.
UAE need to snap the jinx too
The record makes for uneasy reading. The UAE have yet to defeat Saudi Arabia in Saudi in a competitive fixture, while they have lost 21 of 34 contests. What is more, their most recent victory against their Gulf rivals came in 2007; since, Saudi have won eight of nine clashes. It is difficult to explain, especially more recently as the UAE’s so-called golden generation had arguably overtaken the Saudis in terms of genuine star-power. So is it a mental block, a psychological problem? Maybe that is just it: for so long, Saudi Arabia were West Asia’s undisputed best team, with four successive World Cup appearances from 1994 to 2006. History suggests they are superior to the UAE. It rang true once again.
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.”
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
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Match info
Manchester United 4
(Pogba 5', 33', Rashford 45', Lukaku 72')
Bournemouth 1
(Ake 45 2')
Red card: Eric Bailly (Manchester United)
Key products and UAE prices
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With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229
iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649
iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179
Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.
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Nick Coleman
Jonathan Cape
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Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
What is Bitcoin?
Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.
The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers.
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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Name: Kumulus Water
Started: 2021
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Based: Tunisia
Sector: Water technology
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