The magic of Warne lives on



The England batsman should be sleeping better now they no longer have to dream up a strategy to contend with all the variations of Shane Warne, the great Australian spinner who was their nemesis for the best part of 14 years. However, the spectre of Warne, now 39, still looms large and he has not been shy in partaking in the traditional pre-series sledging. The England top-order now go down for breakfast, providing they do not over sleep, wondering which one of them will be picked out for attention by the leg spinner's sharp and loose tongue.

Having derided Paul Collingwood before the 5-0 Down Under in 2007, Warne has switched his attention to Ravi Bopara, claiming the Essex man is not good enough to succeed in international cricket. Such extreme opinions are always met with a pinch of salt, but his assertion that this summer's series will be unable to match the drama of 2005, appears to have struck a chord. "The 2005 series was one of the best in my whole career," said Warne. "It was great for the game of cricket and really captured the imagination.

"England played fantastic cricket that summer and thoroughly deserved to win. "Even though we lost, the spirit and camaraderie between the players was incredible. "I'm not sure who is going to win this summer but they'll be hard pressed to make the series as dramatic as four years ago. "There were so many twists and turns and neither team was ever going to give up the fight. "I'm not sure that this summer will be able to scale the heights of four years ago.

"It will be very close again and if I had to choose between the two, then I think Australia have the edge. "It really does depend on whether Andrew Flintoff and Kevin Pietersen are on top form because they can prove the difference." Much has changed since Australia last visited English shores with Warne having retired along with fellow greats Glenn McGrath and Adam Gilchrist. Now, the focus is on the next generation with Mitchell Johnson inheriting McGrath's mantle as the country's premier strike bowler and young Phillip Hughes replacing Matthew Hayden at the top of the order.

Warne was 24 when he burst onto the scene at Old Trafford, bamboozling Mike Gatting with what was later described as 'the ball of the century' by the former England captain. That piece of magic in 1993 proved the catalyst for Warne, who went onto claim over 700 Test match wickets and receive the honour of being named as one of the five best players of the last century. "I'll never forget that moment in 1993," he revealed. "It is my favourite Ashes moment and the moment I really believed that I had a future in international cricket."

Now Warne is backing Australia's less experienced lights to shine on the world stage as they embark on their most difficult journey, despite strike bowler Brett Lee having been ruled out of the opening Test with injury. "Brett Lee is still a world-class bowler and there's no way he's finished yet," said Warne. "There have been a lot of changes and a few of us have retired but the lads have had 12 or 18 months to get used to it.

"They've played in big series before and this is no different. Playing against India in India was big and playing South Africa in South Africa, where they won, is also big. "People like Nathan Hauritz deserve their chance and I think he will surprise a few people. "He is a far better spin bowler than Graeme Swann and England shouldn't underestimate him. "There is the possibility that England will go to Cardiff and play two spinners and Australia don't play one at all. Hopefully that won't happen because Nathan has improved a lot and hopefully he will play.

"Mitchell Johnson's obviously going to start but when you've got two bowlers running in that fast they're going to pose a threat. "He will cause England all sorts of problems and I'm sure he'll prove the critics wrong. "Then there is Phil Hughes and Peter Siddle and England will be in trouble if they underestimate them." Warne took a staggering 40 wickets in the last series in England, despite ending up on the losing. It was, however, despite his brilliance, a dropped catch at the Oval in 2005 that potentially cost Australia the chance to level the series and retain the famous urn.

Pietersen had made a very nervy 15 and England were in a spot of bother when Warne, normally the most reliable of slippers, shelled the dashing right-hander at slip. Pietersen made him pay a heavy price, making a brilliant 158 that clinched the Ashes. Warne expects this series to be decided by a similarly fine margin "I think the two teams are pretty evenly matched and there's not really anything to choose between them," he said. "I can't really choose between them but it should be one great summer."

sports@thenational.ae

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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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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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if you go

The flights

Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com

Seeing the games

Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com

 

Staying there

Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com

 

Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now