Kumar Sangakkara lines up a shot on his way to an unbeaten 55.
Kumar Sangakkara lines up a shot on his way to an unbeaten 55.

Sri Lanka knock Australia out of World Twenty20



Australia were hustled out of the World Twenty20 last night as Sri Lanka booked their place in the Super Eights with a six-wicket Group C victory. The Indian Premier League star Tillekeratne Dilshan (53) dispatched the Australian attack to all corners of Trent Bridge on his way to 26-ball 50 at the top of the order. Then in pursuit of only 159 for nine, Sri Lanka captain Kumar Sangakkara (55no) did enough to complete the job with six balls to spare and end Australia's interest in the tournament. A previously unscheduled stay in Leicester therefore beckons, at the start of their Ashes summer, for Ricky Ponting's tourists ? from where their lot will be as outsiders looking in on a competition still containing their hosts, among nine countries hoping to reach the Lord's final on June 21. Ponting and his team were rarely in an advantageous position from the moment they were put in on a pitch which was to prove spin-friendly throughout. Their biggest problem was soon the bowling of mystery spinner Ajantha Mendis, who finished with three for 20 from his two sets of two overs in an innings which featured no individual contribution better than Mitchell Johnson and David Hussey's 28 each. It was long before Mendis was introduced, though, that Australia found their first spot of bother when the opener David Warner carved some width from Angelo Mathew straight to point to go for a third-ball duck. Ponting and Shane Watson then shared a 47-run stand in barely five overs ? until the introduction of Mendis interrupted Australian progress.

The spinner almost had Watson lbw with his very first ball and then ended his first over by bowling Ponting, hitting the leg stump as the Australia captain made room to drive. Mendis did get Watson lbw, sweeping in his next over ? and when Lasith Malinga (three for 36) bowled Brad Haddin with a high full toss and debutant Isuru Udana clung on left-handed to a return catch from Michael Clarke, Australia were in trouble on 79 for five in the 13th over. They had scored just 19 runs in the five overs from seven to 12 ? and after Hussey had the temerity to hit the returning Mendis for a straight six, his brother Mike paid the penalty when he was pinned lbw on the back foot in the same over.

Two Johnson sixes helped Australia take 21 from Muttiah Muralitharan's final over, and more handy late hitting from Hussey and Brett Lee took particular toll of Udana and ensured Sri Lanka's reply would have to achieve eight an over. But Dilshan quickly made that prospect appear less than taxing, despite the early loss of Sanath Jayasuriya ? who fell to a memorable catch by Warner on the square-leg boundary, intercepting what would have been a pulled six off Lee. Dilshan was entirely unfazed and quickly reeled off 10 boundaries against Australia's pace-orientated attack.

It was not until Clarke came on to spin one past an attempted drive that Australia got their man, breaking a damaging second-wicket stand of 62 in seven overs with Sangakkara. Sri Lanka's long tail made for some nail-biting to still to come. But Sangakkara batted sensibly and skilfully, with four fours and two successive sixes off Nathan Hauritz in his 50 ? and his team's perceived frailties in batting depth therefore never came into the equation. For Australia, the reliance on pace over spin on a surface and in a format which favoured the latter was clearly a telling factor. Lee's four overs cost 39 runs, and it was off his bowling that ? with the game more or less already won ? Jehan Mubarak drove through the despairing fingertips of Mike Hussey at mid-off for a four which erased all doubt about the outcome. When the end did come, it was in suitably deflating circumstances for Australia ? a Johnson wide providing Sri Lanka with the run they needed.

* PA Sport

Engine: 5.6-litre V8

Transmission: seven-speed automatic

Power: 400hp

Torque: 560Nm

Price: Dh234,000 - Dh329,000

On sale: now

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

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 

Ronaldo's record at Man Utd

Seasons 2003/04 - 2008/09

Appearances 230

Goals 115

Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Brief scores:

Manchester United 4

Young 13', Mata 28', Lukaku 42', Rashford 82'

Fulham 1

Kamara 67' (pen),

Red card: Anguissa (68')

Man of the match: Juan Mata (Man Utd)

Spare

Profile

Company name: Spare

Started: March 2018

Co-founders: Dalal Alrayes and Saurabh Shah

Based: UAE

Sector: FinTech

Investment: Own savings. Going for first round of fund-raising in March 2019

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

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 specs: 2018 Maserati Levante S

Price, base / as tested: Dh409,000 / Dh467,000

Engine: 3.0-litre V6

Transmission: Eight-speed automatic

Power: 430hp @ 5,750rpm

Torque: 580Nm @ 4,500rpm

Fuel economy, combined: 10.9L / 100km

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)