Washington 's Matt Capps shows his frustration after Sunday's defeat to the Cincinnati Reds.
Washington 's Matt Capps shows his frustration after Sunday's defeat to the Cincinnati Reds.

Worries for Washington



The Washington Nationals players, at the moment, do not care that they have the No 1 pick in next week's draft, or that Stephen Strasburg , the pitching phenom, will have his big-league debut tonight at Nationals Park against the Pittsburgh Pirates. Instead, the Nationals are upset about the present after a 1-5 June slump and a longer 7-16 skid that has left them grinding their teeth with frustration.

During the last four seasons, a 27-31 mark would have been consolation to a bad team going nowhere. Now, it is considered a failure. "Until recently, I could hit a gnat's [backside] on a bullseye with a fastball low and away. Now I'm leaving everything up," Matt Capps, the frustrated reliever said. In a 5-4 loss to the Cincinnati Reds on Sunday night, he blew his third save of the week because his right fielder missed a catchable line drive and an umpire blew a third-strike checked swing call. His next pitch was struck for a game-winning hit.

After Capps exonerated his teammates and the officials for their respective roles in the setback, he then took full responsibility for his sins, before the media left him. "Somebody get me a live chicken," Capps muttered as the reporters departed. Animal sacrifice to change your luck is still frowned upon, but if Strasburg finds a mound of feathers in front of Capps's locker when he arrives today, do not be surprised.

A hot rookie is nice, but it is not as important as your closer's luck. That can ice a whole team and wreck an entire season if it does not change quickly. The Nationals' anger is actually the good news. The draft pick and the Strasburg debut, a genuine baseball big event, are great for the front office to sell to fans. But players themselves know that help from a draft pick is two to four years away, and even a pitcher as fine as Strasburg can only add a few wins in the 16 or so starts he has left before he hits his team-imposed inning limit.

For the Nationals to fulfil their goals this season, they have to start playing better. "The only positive is that we're only four games under .500 and we have not done anything offensively [all year]," Adam Dunn said. "At least we have got [104] games left." Nationals fans wonder if the team is really improved enough to continue at a 75-win pace, 16 better than last year. But that is where the Nats are, even though they are not happy about it. Jim Riggleman, the Washington manager, said: "Our fans give us a long leash. Internally, we're saying the heck with that. Let's get over the hump." * The Washington Post

Players of the week ? Clay Buchholz, Red Sox. Josh Beckett, Jon Lester and John Lackey were expected to be the heart of Boston's rotation, but Buchholz has been the team's best starter. In two outings last week, he was 2-0 and did not allow a run over 16 innings. ? Armando Galarraga, Tigers: A blown call on what should have been the final out in a perfect game did not take away from his accomplishment. The grace with which he handled himself impressed. Teams of the week ? Atlanta Braves: Before splitting four games with the Dodgers, the Braves won an impressive nine in a row. ? Los Angeles Angels: Despite missing the injured Kendry Morales, below, the Angels went 8-2 and are a half-game off first place in the AL West. Duds of the week ? Baltimore Orioles: They have ended a 10-game losing streak Sunday, but Dave Trembley, their manager, was fired. ? Adam LaRoche, Diamondbacks: LaRoche was supposed to be a productive free agent signing, but last week he was just four-for-22 without an extra-base hit and just one RBI. Series of the week LA Dodgers v St Louis Last night to tomorrow. The Cardinals are first in the NL Central and the Dodgers, much improved after a sluggish first six weeks, are close on the heels of the first-place Padres in the NL West. Boston v Philadelphia Friday to Sunday. This is the best match-up as interleague play resumes. The Red Sox took two of three in Philly last month and sent the Phils into an offensive tailspin.

UAE currency: the story behind the money in your pockets
NO OTHER LAND

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

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

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.”

UAE currency: the story behind the money in your pockets
$1,000 award for 1,000 days on madrasa portal

Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.

School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.

“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.  

“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3C%2Fstrong%3E%3A%20ASI%20(formerly%20DigestAI)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202017%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Quddus%20Pativada%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Artificial%20intelligence%2C%20education%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%243%20million-plus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GSV%20Ventures%2C%20Character%2C%20Mark%20Cuban%3C%2Fp%3E%0A
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 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
The cost of Covid testing around the world

Egypt

Dh514 for citizens; Dh865 for tourists

Information can be found through VFS Global.

Jordan

Dh212

Centres include the Speciality Hospital, which now offers drive-through testing.

Cambodia

Dh478

Travel tests are managed by the Ministry of Health and National Institute of Public Health.

Zanzibar

AED 295

Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.

Abu Dhabi

Dh85

Abu Dhabi’s Seha has test centres throughout the UAE.

UK

From Dh400

Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.

Short-term let permits explained

Homeowners and tenants are allowed to list their properties for rental by registering through the Dubai Tourism website to obtain a permit.

Tenants also require a letter of no objection from their landlord before being allowed to list the property.

There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.

Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.

The chef's advice

Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.

“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”

Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.

The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million