Australia's captain Steven Smith, left, and India's captain Virat Kohli shake hands after their four-match Test series on Tuesday. Tsering Topgyal / AP Photo
Australia's captain Steven Smith, left, and India's captain Virat Kohli shake hands after their four-match Test series on Tuesday. Tsering Topgyal / AP Photo

Virat Kohli and Steve Smith will be pleased after fractious but thrilling India-Australia series



Like the series it is most going to be compared with in the years to come, India-Australia 2017 was an unexpected classic.

Back in 2001, Steve Waugh’s Australians were rampant, having arrived in India on the back of a 15-match winning streak. Indian cricket, after a match-fixing scandal, was in disarray.

After Australia made it 16 on the bounce with a three-day romp in Mumbai, most Indian supporters expected the worst. Instead, they got VVS Laxman, Rahul Dravid, Harbhajan Singh and a famous win in Eden Gardens.

If that was not enough, the decider in Chennai – India sneaked home by two wickets – was every bit as compelling.

This time, it was India who were red-hot favourites, having not lost a home Test since December 2012.

Australian cricket had plumbed the depths just months earlier, with an innings defeat to South Africa in Hobart.

But the kangaroo and the emu on the baggy green cap seldom take a backward step, and Steve Smith and his side threw themselves into the Indian adventure with an intensity that shocked the hosts.

First, they batted with rare discipline on a square turner in Pune, before Steve O’Keefe upstaged India’s spin duo with match figures of 12 for 70.

When India were then bowled out for 189 on the opening day in Bangalore, with Nathan Lyon taking eight for 50, it seemed that the Border-Gavaskar Trophy would stay in Australia’s possession.

But while he may have had his worst series with the bat – 46 runs in five innings before hurting his shoulder in Ranchi – Virat Kohli would not allow his team to countenance defeat.

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Also from Dileep Premachandran

■ Five of the best – Who ended thrilling series as the toppers?

■ Kuldeep Yadav – 'Dream come true' meeting with Shane Warne

■ Cheteshwar Pujara – One-format batsman proving his worth

__________________________________

On the second day in Bangalore, India conceded just 197 runs while taking six wickets. More importantly, there was snarl and chatter, led by the captain.

It may have been unpleasant to watch at times, but it roused a team that had appeared listless in Pune after a marathon stretch of matches dating back to the Caribbean in July.

Kohli’s bat was muted, and Ravichandran Ashwin, struggling with a sports hernia, was nowhere near as effective as he had been earlier in the season.

Despite that, India kept finding new heroes. In Bangalore, it was Cheteshwar Pujara and Ajinkya Rahane adding 118 on a pitch with variable bounce.

In Ranchi, after Ravindra Jadeja wheeled away nearly 50 overs for his five wickets, Pujara and Wriddhiman Saha added 199 to wrest the initiative.

With the Himalayas providing the backdrop, Kuldeep Yadav then produced a debut performance to savour as Australia slumped from 144 for one to 300 all out in Dharamshala on the opening day.

In the second innings, it was Umesh Yadav that bowled with the ferocity Australians associate with their own quicks. Bhuvneshwar Kumar, who struck David Warner just above his heart with a delivery, then sent Steve Smith’s off stump flying, via the inside edge. Different key moments, different Indian players who took up the challenge.

If Umesh and Mohammed Shami can be kept fit, with Bhuvneshwar and Ishant Sharma as back-up, India have a pace attack capable of testing the best overseas.

The emergence of Kuldeep has also shown that worries about the state of Indian spin, beyond Ashwin and Jadeja, are overstated.

With only one frontline batsman [Murali Vijay] over 30, this is a team with a lot to look forward to.

The same can be said of Australia. Smith is the world’s best Test batsman, while Matt Renshaw and Peter Handscomb are two young talents with the temperament to succeed in the five-day arena.

If they can keep Mitchell Starc, Josh Hazlewood and Pat Cummins fit, with the resurgent James Pattinson in reserve, they will have a pace attack that is the envy of everyone.

Glenn Maxwell, who made a fine hundred in Ranchi, could provide the middle-order X-factor, especially once Warner rediscovers his batting mojo on the hard and bouncy pitches back home.

If you are an England cricket fan, it is time to start getting nervous about this winter’s Ashes series.

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What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G

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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Anxiety and work stress major factors

Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.

A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.

Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.

One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.

It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."

Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.

“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi. 

“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."

Daniel Bardsley

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Result

6.30pm: Al Maktoum Challenge Round-3 – Group 1 (PA) $65,000 (Dirt) 2,000m; Winner: Brraq, Ryan Curatolo (jockey), Jean-Claude Pecout (trainer)

7.05pm: Handicap (TB) $65,000 (Turf) 1,800m; Winner: Bright Melody, James Doyle, Charlie Appleby

7.40pm: Meydan Classic – Listed (TB) $88,000 (T) 1,600m; Winner: Naval Crown, Mickael Barzalona, Charlie Appleby

8.15pm: Nad Al Sheba Trophy – Group 3 (TB) $195,000 (T) 2,810m; Winner: Volcanic Sky, Frankie Dettori, Saeed bin Suroor

8.50pm: Dubai Millennium Stakes – Group 3 (TB) $130,000 (T) 2,000m; Winner: Star Safari, William Buick, Charlie Appleby

9.25pm: Meydan Challenge – Listed Handicap (TB) $88,000 (T) 1,400m; Winner: Zainhom, Dane O’Neill, Musabah Al Muhairi

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