The UAE Under-23 team start their Asian Championship campaign in the hope of qualifying for the 2016 Olympic Games. Courtesy: UAE FA
The UAE Under-23 team start their Asian Championship campaign in the hope of qualifying for the 2016 Olympic Games. Courtesy: UAE FA

UAE U23s carry burden of ‘golden generation’ as Abdullah Misfir leads nation’s Olympic dream



The man tasked with taking the UAE’s Under 23 team to the Olympics knew the question was coming and tackled it head on before it was asked.

“I don’t have ‘Amoory’. We have only one Amoory in the UAE, right?,” coach Abdullah Misfir said. “I have a team, I don’t have individuals.

“No exception.”

Indeed, none of the squad heading to the AFC U23 Championships in Qatar next month, which doubles up as qualifiers for the Rio Olympics next year, can be compared to the golden boy of Emirati football, Omar Abdulrahman.

Misfir agrees that Abdulrahman’s generation, which reached the 2012 London Olympics after years of gradual success at age-group levels under the guidance of Mahdi Ali, casts a big shadow on the new crop of players.

“What that group achieved as youth, Olympic or first-team players does put pressure on everyone that comes after that,” he said.

“It is hard to replicate. But we hope we can repeat their achievements, to prove that Emirati football is heading down the right path.”

Misfir points out that while Mahdi Ali had moulded a squad over several years, he is trying to create one from scratch.

“A coach that works with players for a long time finds few problems transmitting these ideas from one stage to the next,” he said.

“Today it’s different, but I’m certain should the UAE qualify to the 2018 World Cup, the majority of these players will have a part to play in the squad.”

On Wednesday, Misfir’s team meet North Korea in the first of four friendlies before the start of the AFC U23 Championships on January 12.

Injuries and club commitments have been tough on the Emirati coach, reflected by inconsistent results.

October’s West Asian Football Federation U23 Championships saw a 2-1 loss to Syria and 4-3 win over Oman.

Since then the UAE have lost 5-2 to Qatar, and then won one friendly 1-0 and lost another 2-1 to Saudi Arabia last month.

“Some were expecting better results but I think we did well while still getting used to each other,” Misfir said.

“Even though we lost to Syria we had 67 per cent possession, we posed big threats to goal, but we lacked cohesion. Against Qatar, that squad had many of the new players.

“For the friendlies, we had 14 players missing.”

Misfir is frustrated he has not had enough time with several of his best prospects.

Forwards Mohammed Al Akbari (Al Wahda) and Ahmed Al Attas (Al Jazira) have been with the UAE senior squad but now return. Al Dhafra defender Abdulrahman Yousef links up with the squad for the first time. Al Ain’s excellent midfielder Ahmed Barman has had club commitments. Sharjah forward Yousef Saeed and Al Ain goalkeeper Mohammed Abu Sanda were injured but have recovered to join Misfir’s squad of 27.

“We had a problem with the players readiness but thankfully most have started to play regularly for their clubs,” he said.

“We have scouted how many matches, minutes and even the different positions each player has had.

The challenge for places is healthy. We have two players for every position.”

Having players back from injuries is only half the battle for Misfir as he tries to ensure his squad are tournament ready. “I rely on the ones who are ready only and have been playing for their clubs,” he said.

“Many have been away in the past — that was necessary — but they are back now. You can’t do anything about injuries. Also from a technical sense it’s important to be ready.

“You have to be ready physically and technically.”

The UAE kick off their AFC U23 Championship campaign against Australia on January 14, and Misfir is confident his team can “finish in the top three” and qualify for the Rio Games.

“The fans are always looking for results, but don’t know what it takes to get the team ready,” Misfir said.

“You never know what happens during a tournament. As a team we are ready, and I have huge faith in them.

“What worries me is the focus of the players, but if they concentrate and work towards a goal we will have no issues.”

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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.

“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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- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

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