UAE captain Mohammed Omar, centre, played an important role during his team’s surge to the final in Abu Dhabi. Rabih Moghrabi / AFP
UAE captain Mohammed Omar, centre, played an important role during his team’s surge to the final in Abu Dhabi. Rabih Moghrabi / AFP

2007 Gulf Cup revisited: UAE’s lost generation still has not been found



Before the 2007 Gulf Cup win, the UAE's finest performance was arguably when they finished second in 1988, with the team that became known as the golden generation as they qualified for the 1990 World Cup.

Nineteen years after the close call in 1988, Bruno Metsu’s men went one better by winning the cup. Sadly, that is where the story ends. There would be no further glory for this group of players.

Players such as captain and much-travelled striker Mohammed Omar and Al Ahli’s Faisal Khalil deserve credit for their contributions to that cherished first win. Yet, seven years on, they suffer in comparison with 2013 alumni Omar Abdulrahman, Ali Kasheif and Ali Mabkhout.

It did not help that the UAE’s performances deteriorated almost immediately after lifting the cup for the first time.

At the 2008 Asian Cup, six months after that Gulf Cup triumph, the team failed to qualify to the knockout stages.

In the 2009 Gulf Cup in Oman, the defending champions failed to get out of their group and, a year later in Yemen, they failed to score in three of four matches, losing 1-0 in the semi-finals to Saudi Arabia.

Far worse were their attempts at qualifying for the World Cup.

For South Africa 2010, the UAE got out of the first qualifying group in second place behind Iran, only to perform miserably in the second group stage, finishing bottom in the five-team Group B.

Metsu had resigned after consecutive 2-1 home defeats to North Korea and Saudi Arabia.

The campaign for Brazil 2014 was even more harrowing, with the UAE out of contention in November 2011.

The one bright thread throughout this period of darkness was Ismail Matar, who would prove a link between the lost generation of 2007 and golden generation mark two of 2013.

akhaled@thenational.ae

A State of Passion

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Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

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Malcolm & Marie

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Three stars

Analysis

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The Brutalist

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UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

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 specs
 
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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
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