English Premier League strugglers Queens Park Rangers have released Kieron Dyer - just three days after he scored his first goal for the club.
The 34-year-old struck his first goal in more than five years with the equaliser against West Bromwich Albion on Saturday.
But injuries have blighted his time at Loftus Road with Dyer making just eight appearances since joining in July 2011, and Harry Redknapp, the QPR manager, has activated a release clause in the player's contract with immediate effect.
"If he can stay clear of injuries there's clubs out there that will offer him the chance to play football," said Redknapp.
---
Serie A leaders
Juventus
are looking to bolster their attacking options with a move to bring
Didier Drogba
back to Europe.
The Italian side have already made an approach for Athletic Bilbao striker Fernando Llorente on a free transfer in the summer, but with
Arsenal
loanee Nicklas Bendtner sidelined through injury, the Italian champions are eager to bolster their immediate options.
Beppe Marotta, the Juventus director general, confirmed the Serie A club have enquired about the availability of Shanghai Shenhua striker, who joined from
Chelsea
last summer.
"Drogba? We are always making enquiries and we have made one for him," he told Domenica Sportiva:
"We have asked about his availability and after that we will look at the financial aspects and talk to the coach."
Juve boss Antonio Conte has publicly ruled out any approach for the former Chelsea striker, but player recruitment is overseen by Marotta.
---
Pro League title challengers Al Ahli have signed Portugal international Ricardo Quaresma on an 18-month deal.
The 29-year-old, who quit Turkish side Besiktas last month, replaces Achille Emana in the Red Knights squad. Get the full story here.
---
Everton
have insisted they will not be selling striker
Victor Anichebe
to
English Premier League
rivals
Reading
.
The Nigeria winger, who grew up in Liverpool and has played for Everton for a decade, had been linked with a move to the struggling Royals.
But David Moyes, the Everton manager, dismissed reports the 24-year-old would be leaving Goodison Park.
He said: "Anichebe to Reading? No, no truth in that. We won't be selling anyone, if I have my way that's for sure."
---
Rami Gershon
will join Celtic at their Marbella training camp after agreeing a six-month loan deal.
The Standard Liege defender flew into Glasgow for talks with Celtic on Friday and agent Dudu Dahan today claimed his transfer had been agreed subject to work permit issues.
Dahan posted a picture of his client signing a contract at Celtic Park on his Scoutpush company's Facebook page and it appears only a visa is needed to conclude the transfer.
Dahan said a six-month loan deal had been agreed with the further option of a three-year contract.
The agent added that Gershon would travel to Belgium to sort his work papers and would then join Celtic in Spain, where they will travel later this week.
The 24-year-old Israel defender spent much of last year on loan to Liege's Belgian top-tier rivals Kortrijk.
---
Veteran Brazilian midfielder
Paulo Assuncao
has returned to Spain after signing for struggling
Deportivo La Coruna
.
The 32-year-old, who won the Europa League title with Atletico Madrid last year, had moved to Sao Paulo last summer but has returned to La Liga to join up with Deportivo.
He is the club's second signing this transfer window, following the capture Silvio Manuel Azevedo on loan from
Atletico Madrid
.
---
Massimo Moratti admits
Inter Milan
will look to strengthen during the current transfer window after the Nerazzurri president witnessed a resounding defeat at Udinese.
The side have already signed veteran striker
Tommaso Rocchi
for an undisclosed fee, while reports in Italy have linked the club with a move for Chievo goalkeeper
Stefano Sorrentino
.
Both Moratti and head coach Andrea Stramaccioni had previously urged caution over excessive spending in the transfer window, with the club eager to offload high earners including Wesley Sneijder before bringing in expensive talent.
But following a 3-0 defeat to Udinese at the weekend, Moratti held an emergency meeting at the club's head offices in which he conceded modest reinforcements would be targeted.
"I can confirm that it will essentially be like that, where the names being discussed are good players," he told the club's website.
"But it is also a window where - just like at other clubs - we certainly don't intend to spend too much.
"Listen, I think it's very important to weigh things up when we have everyone back fit because at the moment we're talking about new signings without considering that we might end up buying a player similar to one we already have.
"The most important thing is to get our players on the sidelines back fit. It's hard to assess things when we have 10 or 12 players missing through injury and suspension."
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COMPANY%20PROFILE
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%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
THE SPECS
Engine: 3-litre V6
Transmission: eight-speed automatic
Power: 424hp
Torque: 580 Nm
Price: From Dh399,000
On sale: Now
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 SPECS
Engine: 1.5-litre, four-cylinder turbo
Transmission: seven-speed dual clutch automatic
Power: 169bhp
Torque: 250Nm
Price: Dh54,500
On sale: now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
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.”
Law%2041.9.4%20of%20men%E2%80%99s%20T20I%20playing%20conditions
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COMPANY%20PROFILE
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
HAJJAN
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UAE%20v%20West%20Indies
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How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year