Shadab Akhtar, of Abu Dhabi Indian School, scored an unbeaten 30 against International School of Choueifat in Abu Dhabi.
Shadab Akhtar, of Abu Dhabi Indian School, scored an unbeaten 30 against International School of Choueifat in Abu Dhabi.

Shadab Akhtar bats and bowls ADIS to school cricket triumph



ABU DHABI // Shadab Akhtar starred with the bat and the ball to lead Abu Dhabi Indian School (ADIS) to a thumping 10-wicket win over the International School of Choueifat in the Abu Dhabi inter-schools cricket final at the Zayed Cricket Stadium yesterday.

He returned figures of three for seven from his five overs of off-spin bowling to help dismiss Choueifat for 88 and then hit a breezy 30 not out to knock off the winning runs in just 11.3 overs with fellow opener Pankaj Samant (47 not out).

It was ADIS' second win in three finals, having claimed the Under 16 title from Cambridge High School after going down to Sheikh Khalifa bin Zayed Arab Pakistan School in the U14 final.

Asked to bat first, Choueifat lost opener Arsalan Shafiquie (7) to a run out after a terrible mix-up in the middle. That dismissal was then compounded by the loss of Dan D'Souza (6). The UAE U19 international and their captain was caught behind by Mazahir Hussain when he chased a delivery from medium pacer Suraj Ambre. He has been the mainstay, having guided his team almost single-handedly to the final.

Ambre returned for a second spell to take two wickets in successive deliveries to have Choueifat reeling at 69 for six.

Alan D'Souza hit a brisk 23 with four fours but none of the other batsmen were able to produce an inning of substance for Choueifat, who came into the final without dropping a game. "We were better prepared for this year's second staging of the inter-school tournament and today everything worked out perfectly well for us," said Denver Bopaiah, the ADIS captain.

ADIS also became the first winners of the open age category that was included after last year's championships for the U14 and U16.

"We had a good run up to the final and we couldn't finish it off," said Dan D'Souza, who won the best batsman award for his 194 runs in three innings. Omer Mohammed and Mohammed Shija, of Model School, won the awards for the Best All-rounder and Best Bowler.

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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.”

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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UAE currency: the story behind the money in your pockets
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Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind