Antigua match turns into farce



ANTIGUA // The first Test was humiliating for England. The second for the West Indies. It was halted after only 10 balls on Friday then abandoned as a draw because the ground at Sir Vivian Richards Stadium, especially the bowlers' run-ups, was potentially dangerous. The four-match series was then extended by one Test. The ICC chief executive Haroon Lorgat, who was present at the venue, said logistical matters meant that the third Test now will be played at the adjacent Antigua Recreation Ground, where the teams had net sessions on the eve of the game as the Sir Vivian Richards Stadium was not ready. Despite the initial doubts and lack of preparation, there was widespread criticism on how the match was allowed to go ahead in the first place and prompted Richards to say that he was ashamed to have his name associated with the ground. "This is not a shot in the foot for West Indies cricket, this is an arrow right through the heart. This is a huge pill to swallow," Richards said. "I am ashamed to have my name associated with this. "The officials of the Antiguan Cricket Association should hang their heads in shame. For these people to tell everyone that the ground was ready is a huge lie. "This is not a little festival match, this is a Test match. We have been given the responsibility to put on a Test match and we have let people down. It's an embarrassment." "It's definitely embarrassing," the West Indies captain Chris Gayle added. "I am not surprised about the conditions because when we were doing some fielding drills it wasn't suitable at all." Once the Test began, the West Indies bowlers complained that they could not keep their footing on what was a thick layer of sand in parts. "The umpires spoke to both captains and said that the ground was not fit for Test cricket," said the England captain Andrew Strauss. "If a bowler can't bowl at full speed then a ground is not fit." The surface at the ground, built for the 2007 World Cup, was relaid in October to correct drainage issues and the grass had not grown sufficiently since, which led to huge volumes of sand being spread on to the outfield.

"It's clearly the West Indies Cricket Board's responsibility to make sure it is fit to play," Lorgat said. "They must take responsibility for it and we will have to follow the process now. It is not good enough." The WICB could be subject to a warning, fine or suspension of the international status of the stadium from the ICC. Both teams had noted the potential risks in the outfield on Thursday but thought they could still play with caution. But Hugh Morris, the managing director of the England and Wales Cricket Board, said he wrote to West Indies authorities on Thursday expressing concern. "I don't think there was any doubt there was a problem before we came here with the sand on the ground but everyone thought it was OK," said the match referee Alan Hurst, a former Australia fast bowler. "No one had bowled on the wicket to test it out. It would have been jumping the gun to say it was unfit before the start of play. "The bowlers were struggling to get any sort of grip at all and were going through the sand. Obviously it was dangerous so that decision had to be made then." The farce recalled the abandoned Test between the West Indies and England in 1998 at Jamaica, which lasted 10.1 overs and became the first Test in history to be called off because of the state of the pitch. "It's not right that Test cricket matches can be abandoned and lessons must be learned," Strauss said. But both sides also held reservations about the Antigua Recreation Ground, where they have had net sessions for the past three days. "The field wasn't up to standard there as well," Gayle said. "It was a bit bumpy because, from what I gather, there is a lot of football played there. "Even the wicket, there were a couple ridges in the wicket as well, you had some uneven bounce." Strauss also said it was not in a great state. "But I think in terms of potential injuries or whatever, I think it is fit," he said. "We don't know what state the wickets are like there. But I think it is fit for bowlers to run in on." The last two Tests at Kensington Oval, Barbados, and Queen's Park Oval, Trinidad, are due to be played as scheduled. * With agencies

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Born: Mukalla, Yemen, 1979

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In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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.”