Shahid Afridi, the Pakistan captain, led from the front against Bangladesh yesterday with a hundred.
Shahid Afridi, the Pakistan captain, led from the front against Bangladesh yesterday with a hundred.

Captain Afridi puts his hand up again



Shahid Afridi's appointment as Pakistan captain in all formats of the game has so far failed to get approval from some of the country's cricketing greats, but his case is becoming compelling. The temperamental Pathan seems to be thriving in the hot seat if his recent batting displays are any indication. In the opening game of the Asia Cup against Sri Lanka, Afridi showed grit and restraint in compiling a battling 109, but his first one-day international century in five years was in vain.

Yesterday his second century in three games was rewarded with Pakistan's first ODI win this year. More important he seems to be restoring harmony to the dressing room. Afridi ensured the pyrotechnic were, for a change, on the field by smashing a 60-ball 124 as Pakistan scored their highest total in ODIs, 385 for seven. Despite Junaid Siddique's entertaining 97 and his 160-run partnership for the second wicket with Imrul Kayes, Bangladesh finished 139 runs short.

Afridi feels the result leaves Pakistan full of confidence ahead of their tour of England, where they play two Twenty20 matches and two Tests against Australia before meeting the home country in four Tests, two T20s and five ODIs. "As a captain you should perform well and set the example," Afridi, who tops the scoring charts in the tournament with 265 runs, said in the post-match television interview. "As a captain I am very happy [with the performance in the tournament]. The coaches did a great job with us and the boys performed really well. There are a few things to learn and definitely we will learn from our mistakes.

"We feel ready for the tour of England now. I know it is going to be tough, but myself and the coaches are really working hard and it will definitely give us some good results." Already out of the reckoning for a place in the final of the tournament after defeats against Sri Lanka and India, Pakistan had a point to prove. The longest day of the year (the summer solstice) seemed longer for Bangladesh as the Pakistan openers Shahzaib Hasan (50), playing only his second one-day international, and Imran Farhat (66) blunted the new-ball attack and laid the platform for Afridi's blitz.

The Pakistan captain, who holds the world record for the fastest century in ODIs, walked out to the pitch at the fall of the fourth wicket, with 176 on the board in 28.4 overs. He survived an optimistic first-ball lbw appeal and had seven from the first nine balls before cutting loose. The "Boom Boom" show began with a six over long-off and a pull to the mid-wicket fence off consecutive Suhrawadi Shuvo deliveries.

Fortune came to his aid, when he was on 32 from 26 balls, as Mashrafe Mortaza dropped a sitter running in from long-on. That miss proved very costly for Bangladesh as Afridi smashed a stunning 92 runs from his next 34 balls, smacking 18 of those deliveries for 15 fours and three sixes. He reached three figures from 53 balls - the second 50 coming from only 17 - and 92 of his 124 runs came from boundaries.

Umar Akmal (50) gave his skipper support in a 137-run partnership for the fifth wicket in only 15.4 overs. "I thought they got off to a great start," Shakib al Hasan, the Bangladesh captain, said in the post-match television interview. "Their two openers batted really well and on the other hand, our new-ball bowlers did not bowl in the right areas. * Compiled by Ahmed Rizvi

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
MATCH DETAILS

Liverpool 2

Wijnaldum (14), Oxlade-Chamberlain (52)

Genk 1

Samatta (40)

 

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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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Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

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Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
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Price: From Dh330,000 (estimate)
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Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million