UAE striker Ali Mabkhout said Al Jazira exit the Asian Champions League “with our heads up” after Persepolis struck a last-minute winner to progress to the quarter-finals yesterday.
With the tie poised at 3-2 following Jazira’s dramatic victory in Abu Dhabi last week, the Arabian Gulf League club were on the verge of sealing a historic place in the last-eight after Brazilian Romarinho cancelled out Ahmad Nourollahi’s opener.
However, with one minute remaining of regular time, Seyed Jalal Hosseini scored the winner to guide Iranian champions Persepolis through on away goals and send a packed Azadi stadium into raptures.
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After neither side could break the deadlock in the first half, Nourollahi handed the hosts the advantage in the 63rd minute when the midfielder fired home a stinging shot from outside the area into the roof of the net.
The joy of the 100,000 fans in attendance was short lived as, seven minutes later, Jazira forward Romarinho scored the all-important equaliser for the visitors.
The Brazilian split the Persepolis defence to send a low shot into the bottom corner after receiving a short pass from Ahmed Al Attas, whose contribution was his first touch of the ball since coming on as a substitute.
Jazira then had to withstand some Persepolis pressure as goalkeeper Ali Kasheif did well to keep out two efforts on goal. First, the UAE stopper produced a dive to his left to prevent a header from Nigerian forward Godwin Mensha, before pushing out a fierce drive from Ali Mosleh.
But just as it seemed Jazira had done enough to reach the quarter-finals for the first time, Hosseini struck in the 89th minute, the defender knocking home the winner from the centre of the area following a rebound off Jazira defender Musallam Fayez
Despite the last-minute disappointment, Emirati striker Mabkhout believes Jazira should be proud of their efforts.
“We played well and did well to keep the game alive until the final whistle,” the UAE international said during the post-match television interview.
“We played to our strength and nearly had the game won if not for a mistake in the last minutes of the game. Obviously we are very disappointed but we walk away with our heads up.”
Elimination from the Champions League concludes a frustrating season for Jazira and their Dutch manager Henk ten Cate.
After a record-breaking 2016/17 season in which Jazira won their second Arabian Gulf League title, this campaign has proved tough going. The Abu Dhabi club finished seventh in the 12-team domestic league, ending the season 25 points behind champions Al Ain.
Last season, Jazira won all 13 home games, amassing 22 wins in total from 26 matches. This campaign Jazira won five of their 11 home matches, and were victorious only twice on the road.
They were also heavily beaten in the quarter-finals of the President’s Cup by rivals Al Wahda.
The undoubted high point of Jazira's season came in December and their participation in the Fifa Club World Cup.
After progressing past OFC champions Auckland City in the first round and Asian champions Urawa Red Diamonds in the second round, Jazira pushed the mighty Real Madrid all the way in the semi-finals before falling to a late Gareth Bale winner.
The specs
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
On sale: December
Price: From Dh330,000 (estimate)
RACE CARD
5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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.”
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
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On sale: Available for preorder now
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
UAE cricketers abroad
Sid Jhurani is not the first cricketer from the UAE to go to the UK to try his luck.
Rameez Shahzad Played alongside Ben Stokes and Liam Plunkett in Durham while he was studying there. He also played club cricket as an overseas professional, but his time in the UK stunted his UAE career. The batsman went a decade without playing for the national team.
Yodhin Punja The seam bowler was named in the UAE’s extended World Cup squad in 2015 despite being just 15 at the time. He made his senior UAE debut aged 16, and subsequently took up a scholarship at Claremont High School in the south of England.
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
SHAITTAN
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The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
'Morbius'
Director: Daniel Espinosa
Stars: Jared Leto, Matt Smith, Adria Arjona
Rating: 2/5
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%208
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