Laurentiu Reghecampf has been sacked as manager of Al Wahda following defeat to city rivals Al Jazira. Chris Whiteoak / The National
Laurentiu Reghecampf has been sacked as manager of Al Wahda following defeat to city rivals Al Jazira. Chris Whiteoak / The National

Al Wahda sack manager Laurentiu Reghecampf days after Al Jazira defeat



Al Wahda fired their manager Laurentiu Reghecampf on Sunday, two days after  a defeat to Al Jazira 2-1 in the Arabian Gulf League.

Defeat in the Abu Dhabi derby means Wahda have won only one of their last seven matches to leave them fifth in the table nine points behind leaders Sharjah.

Reghecampf replaced Javier Aguirre, the Mexican who is now in charge of Egypt, in June 2017 and was handed a contract extension after leading Wahda to a runner-up finish behind Al Ain last season. The Romanian also led Wahda to two Arabian Gulf Super Cups, an Arabian Gulf Cup.

Wahda started the new season with promise, winning the first three games before losing to Baniyas. They bounced back against Emirates but suffered another loss to Al Dhafra.

Three successive draws followed - against Al Nasr, Shabab Al Ahli and Fujairah - before the loss to city rivals Jazira.

Club officials did not respond to requests for comment when contacted by The National.

Wahda travel to Ajman for their next league match on Thursday.

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Read more:

UFC champion Khabib Nurmagomedov visits Al Wahda Football Club

Al Wahda forward Ahmed Al Akbari to undergo 'urgent surgery' in Germany following car crash in Abu Dhabi

HOW DO SIM CARD SCAMS WORK?

Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards, often by claiming their phone has been lost or stolen 

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

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.

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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Virtual banks explained

What is a virtual bank?

The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.

What’s the draw in Asia?

Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.

Is Hong Kong short of banks?

No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year. 

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

2289 - Dh10

2252 - Dh50

6025 - Dh20

6027 - Dh100

6026 - Dh200