Bravo's brilliance stuns India



Dwayne Bravo's all-round brilliance helped West Indies pull off a shock win over India in the World Twenty20 at Lord's. Bravo struck an adventurous half-century to guide the West Indians to a seven-wicket victory in the Super Eights clash which has thrown open Group E. He finished unbeaten on 66, scored from only 36 deliveries, with the winning runs coming in the penultimate over when he lofted a majestic six over extra cover off Zaheer Khan. Earlier, Bravo claimed four wickets with the ball as the reigning champions India recovered from a slow start to set a 154-run target. West Indies also struggled at the beginning of their innings and Bravo walked to the crease at 42 for two in the eighth over. But his ability to manipulate the ball all around the wicket, married to his striking ability, meant Chris Gayle's team got home with eight balls to spare. The match was finished in a hurry as Bravo and veteran Shivnarine Chanderpaul smashed 47 runs in the final 3.4 overs. Having set up that late dash with a cunning alliance with Lendl Simmons, Bravo made the most of being afforded a life on 27 moments before his third-wicket partner holed out for 44. A mix-up should have resulted in Bravo being run out by wicketkeeper Mahendra Singh Dhoni but his failure to gather with the stumps at his mercy proved crucial. Later in the over, Bravo lofted the first of his three sixes and the second, a steepler over long-off in the 17th over, sent down by fast bowler Ishant Sharma, virtually sealed the result. Sixteen runs came off that Sharma over and Harbhajan Singh ? who bowled a maiden in the power play period ? was taken for 15 in the next. So much depends on the Windies captain Gayle in this format but his relative failure ? he was out to a skier after launching at off-spinner Yusuf Pathan ? proved irrelevant this time. West Indies now face England's conquerors South Africa tomorrow, knowing a victory will put them on the verge of the semi-finals. Yuvraj Singh had earlier revived India with a blistering late assault on a slow pitch. Destructive left-hander Yuvraj crashed 67 as the Indians recovered from 66 for four in the 13th over. West Indies neglected the opportunity to snare him later in that same over, sent down by Bravo, when Andre Fletcher floored a catch at deep square leg. Yuvraj was unbeaten on 32 at the time but a late rally of 34 runs from 11 deliveries provided his innings with real impetus. Three wickets inside the power play overs forced India to readjust their sights, after winning the toss, on a pitch which Sri Lanka and Pakistan struggled to score fluently on earlier in the day. Openers Rohit Sharma and Gautam Gambhir were both undone by miscued pulls ? the latter to a brilliant running catch, taken over his head, by Simmons. When captain Dhoni drilled straight to deep cover, West Indies would have harboured hopes of chasing something closer to a run-a-ball. But Yuvraj opened his shoulders to stunning effect during a 64-run stand with Yusuf, which came off just 35 balls. His most audacious stroke came off Jerome Taylor when he whipped a full delivery off the stumps over the rope at deep midwicket. Yusuf, whose own cameo reaped three fours and a six, perished in the final over when he picked out Simmons in the deep for 31. But Harbhajan finished the innings in style by finding the boundary with the final three deliveries. *PA Sport

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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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.”

The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

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Bharatanatyam

A ancient classical dance from the southern Indian state of Tamil Nadu. Intricate footwork and expressions are used to denote spiritual stories and ideas.

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Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The National's picks

4.35pm: Tilal Al Khalediah
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The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Pakistan T20 series squad

Sarfraz Ahmed (captain), Fakhar Zaman, Ahmed Shahzad, Babar Azam, Shoaib Malik, Mohammed Hafeez, Imad Wasim, Shadab Khan, Mohammed Nawaz, Faheem Ashraf, Hasan Ali, Amir Yamin, Mohammed Amir (subject to fitness clearance), Rumman Raees, Usman Shinwari, Umar Amin

The years Ramadan fell in May

1987

1954

1921

1888