• Morocco players celebrate the 2-0 Group F win against Belgium at Al Thumama Stadium on November 27, 2022 in Doha. Getty
    Morocco players celebrate the 2-0 Group F win against Belgium at Al Thumama Stadium on November 27, 2022 in Doha. Getty
  • Achraf Hakimi and Hakim Ziyech celebrate. Getty
    Achraf Hakimi and Hakim Ziyech celebrate. Getty
  • Morocco fans celebrate after the 2-0 win. Getty
    Morocco fans celebrate after the 2-0 win. Getty
  • Toby Alderweireld and Dries Mertens of Belgium look dejected. Getty
    Toby Alderweireld and Dries Mertens of Belgium look dejected. Getty
  • Morocco players after their incredible win. Getty
    Morocco players after their incredible win. Getty
  • Morocco players celebrate after Abdelhamid Sabiri scored in the Group F match against Belgium at the Al-Thumama Stadium in Doha on November 27, 2022. AFP
    Morocco players celebrate after Abdelhamid Sabiri scored in the Group F match against Belgium at the Al-Thumama Stadium in Doha on November 27, 2022. AFP
  • Abdelhamid Sabiri (bottom R) of Morocco celebrates with teammates after scoring. EPA
    Abdelhamid Sabiri (bottom R) of Morocco celebrates with teammates after scoring. EPA
  • Abdelhamid Sabiri celebrates after scoring. Getty
    Abdelhamid Sabiri celebrates after scoring. Getty
  • Thibaut Courtois of Belgium dives in vain as Abdelhamid Sabiri scores for Morocco. Getty
    Thibaut Courtois of Belgium dives in vain as Abdelhamid Sabiri scores for Morocco. Getty
  • Abdelhamid Sabiri celebrates with Yahya Attiat-Allah. Getty
    Abdelhamid Sabiri celebrates with Yahya Attiat-Allah. Getty
  • Morocco's Munir El Kajoui celebrates after Abdelhamid Sabiri scores. Reuters
    Morocco's Munir El Kajoui celebrates after Abdelhamid Sabiri scores. Reuters
  • Belgium's Kevin De Bruyne in action. Reuters
    Belgium's Kevin De Bruyne in action. Reuters
  • Morocco midfielder Selim Amallah controls the ball past Belgium's midfielder Kevin De Bruyne. AFP
    Morocco midfielder Selim Amallah controls the ball past Belgium's midfielder Kevin De Bruyne. AFP
  • Morocco's Youssef En-Nesyri and Belgium defender Jan Vertonghen fight for the ball. AFP
    Morocco's Youssef En-Nesyri and Belgium defender Jan Vertonghen fight for the ball. AFP
  • Belgium's Leandro Trossard tries to get past Morocco's Noussair Mazraoui. PA
    Belgium's Leandro Trossard tries to get past Morocco's Noussair Mazraoui. PA
  • Morocco's Abdelhamid Sabiri celebrates scoring the opening goal. PA
    Morocco's Abdelhamid Sabiri celebrates scoring the opening goal. PA
  • Morocco take the lead against Belgium. PA
    Morocco take the lead against Belgium. PA
  • Abdelhamid Sabiri of Morocco celebrates. Getty
    Abdelhamid Sabiri of Morocco celebrates. Getty

Morocco coach Walid Regragui: We can do anything after Belgium World Cup win


  • English
  • Arabic

Morocco coach Walid Regragui said his team can improve on their 2-0 win over Belgium and that they "can do anything" at the World Cup.

A point in their final Group F assignment against already-eliminated Canada on Thursday will see Morocco reach the knockout round of a World Cup for the first time since 1986.

Goals from Romain Saiss and Zakaria Aboukhlal at Al Thumama Stadium secured Morocco their first World Cup win in 24 years on Sunday as the energetic North Africans made Belgium, ranked second in the world by Fifa, look pedestrian.

"We know if you don't give 100 percent it's impossible to win," Regragui told a press conference. "But with these fans, with these players and this spirit we can do anything.

"The competition is not over, we have to recover quickly for the game against Canada. Hopefully we can get a good result for the qualification."

Riots broke out in several Belgian and Dutch cities after Morocco’s upset win as Belgian police detained about a dozen people after they deployed water cannons and fire tear gas to disperse crowds in Brussels and eight more in the Northern city of Antwerp, the Associated Press reported.

Two police officials were injured in the Dutch port city of Rotterdam. By late evening Sunday, an uneasy calm had returned to most of the cities involved.

All five African teams were dumped out in the group stage in Russia four years ago but Morocco joined continental Senegal in winning their second match in Qatar.

The Atlas Lions sit top of the group on four points, having also held 2018 runners-up Croatia to a goalless draw.

Player ratings

  • BELGIUM RATINGS: Thibaut Courtois 4 – Was twice undone by free-kicks, firstly from Ziyech and an effort that was later ruled out for offside, then again for the decisive goal at his near post. Could do little about the second. Reuters
    BELGIUM RATINGS: Thibaut Courtois 4 – Was twice undone by free-kicks, firstly from Ziyech and an effort that was later ruled out for offside, then again for the decisive goal at his near post. Could do little about the second. Reuters
  • Thomas Meunier 4 – Overlapped well on the right but his final delivery always let him down. Was also guilty of giving needless free-kicks away in his own half. AFP
    Thomas Meunier 4 – Overlapped well on the right but his final delivery always let him down. Was also guilty of giving needless free-kicks away in his own half. AFP
  • Toby Alderweireld 4 – Belgium’s tempo was too slow and that started from the back, with Alderweireld and others taking too many touches and allowing Morocco to recover their shape. He did, though, make a key interception towards the end with Morocco threatening. Getty
    Toby Alderweireld 4 – Belgium’s tempo was too slow and that started from the back, with Alderweireld and others taking too many touches and allowing Morocco to recover their shape. He did, though, make a key interception towards the end with Morocco threatening. Getty
  • Jan Vertonghen 5 – Won a lot in the air but like Alderweireld, his passing was usually sideways, and slowed things down. He came close with a header in the final ten minutes. Getty
    Jan Vertonghen 5 – Won a lot in the air but like Alderweireld, his passing was usually sideways, and slowed things down. He came close with a header in the final ten minutes. Getty
  • Timothy Castagne 5 – Looked to get forward when he could, but had his hands full with Ziyech. Getty
    Timothy Castagne 5 – Looked to get forward when he could, but had his hands full with Ziyech. Getty
  • Andre Onana 5 – Had a half chance from a Belgium corner. He beat Munir to the ball but could only head over. Soon after, he picked up a senseless yellow card that will see him miss the game against Croatia. Overall, he didn’t do enough. EPA
    Andre Onana 5 – Had a half chance from a Belgium corner. He beat Munir to the ball but could only head over. Soon after, he picked up a senseless yellow card that will see him miss the game against Croatia. Overall, he didn’t do enough. EPA
  • Axel Witsel 5 – Ineffective going forward from the middle, and was guilty of slowing the play down. Did his defensive duties well. Getty
    Axel Witsel 5 – Ineffective going forward from the middle, and was guilty of slowing the play down. Did his defensive duties well. Getty
  • Thorgan Hazard 6 – His creativity led to the first chance of the game, his angled through ball releasing Batshuayi, who tested Munir. Lively throughout, though unable to really penetrate the opposition. EPA
    Thorgan Hazard 6 – His creativity led to the first chance of the game, his angled through ball releasing Batshuayi, who tested Munir. Lively throughout, though unable to really penetrate the opposition. EPA
  • Kevin De Bruyne 5 – Yet to hit his stride at this World Cup, he cut a frustrated figure throughout. He came closest with a free-kick in the first half from a tight angle, but his effort landed on the roof of the net. AFP
    Kevin De Bruyne 5 – Yet to hit his stride at this World Cup, he cut a frustrated figure throughout. He came closest with a free-kick in the first half from a tight angle, but his effort landed on the roof of the net. AFP
  • Eden Hazard 4 – Dropped deeper and deeper to receive the ball and so didn’t operate in dangerous positions. When he did manage to fashion a shooting opportunity, in the second half, he forced Munir into a save to his left. Ultimately, he was ineffective, and was substituted. PA
    Eden Hazard 4 – Dropped deeper and deeper to receive the ball and so didn’t operate in dangerous positions. When he did manage to fashion a shooting opportunity, in the second half, he forced Munir into a save to his left. Ultimately, he was ineffective, and was substituted. PA
  • Michy Batshuayi 4 – Had a good early chance and, after timing his run to perfection, forced Munir into a save following good work from Thorgan Hazard. For a target man, though, he didn’t keep the ball enough, and strayed offside too many times. AFP
    Michy Batshuayi 4 – Had a good early chance and, after timing his run to perfection, forced Munir into a save following good work from Thorgan Hazard. For a target man, though, he didn’t keep the ball enough, and strayed offside too many times. AFP
  • SUBS: Youri Tielemans (Onana, 60) 5 – Made a crunching tackle with his first touch to win the ball back in a dangerous area, then anonymous thereafter. AFP
    SUBS: Youri Tielemans (Onana, 60) 5 – Made a crunching tackle with his first touch to win the ball back in a dangerous area, then anonymous thereafter. AFP
  • Dries Merterns (E Hazard, 60) 6 – Created a bit of magic within minutes of coming on; he created a shooting chance from the edge of the area and forced Munir into a save. AP
    Dries Merterns (E Hazard, 60) 6 – Created a bit of magic within minutes of coming on; he created a shooting chance from the edge of the area and forced Munir into a save. AP
  • Leandro Trossard (T Hazard, 75) N/A – Will no doubt have watched with frustration as both Hazard brothers flattered to deceive. Getty
    Leandro Trossard (T Hazard, 75) N/A – Will no doubt have watched with frustration as both Hazard brothers flattered to deceive. Getty
  • Charles de Ketelaere (Batshuayi, 75) N/A – Had little joy, like the player he replaced. AP
    Charles de Ketelaere (Batshuayi, 75) N/A – Had little joy, like the player he replaced. AP
  • Romelu Lukaku (Meunier, 81) N/A – It says much about Belgium’s performance that Roberto Martinez turned to Lukaku ahead of schedule. He won a corner with his first contribution. Getty
    Romelu Lukaku (Meunier, 81) N/A – It says much about Belgium’s performance that Roberto Martinez turned to Lukaku ahead of schedule. He won a corner with his first contribution. Getty
  • MOROCCO RATINGS: Munir 7 – A late addition at kick-off, was called into action early on to block smartly from Batshuayi. He looked confident when defending corners, often clearing with a solid punch. Saved well to his right to deny Hazard in the second half. Getty
    MOROCCO RATINGS: Munir 7 – A late addition at kick-off, was called into action early on to block smartly from Batshuayi. He looked confident when defending corners, often clearing with a solid punch. Saved well to his right to deny Hazard in the second half. Getty
  • Achraf Hakimi 6 – Made a good and dangerous run into the area just after the half hour mark. He looked across and, with few options, he blazed over with a wild effort. Was carrying a knock and looked a little bit off his usual pace. AP
    Achraf Hakimi 6 – Made a good and dangerous run into the area just after the half hour mark. He looked across and, with few options, he blazed over with a wild effort. Was carrying a knock and looked a little bit off his usual pace. AP
  • Nayef Aguerd 7 – Impressive throughout. He was aggressive in his tackling, but also accurate with both his long and short passing. Getty
    Nayef Aguerd 7 – Impressive throughout. He was aggressive in his tackling, but also accurate with both his long and short passing. Getty
  • Romain Saiss 7 – Strayed offside during Ziyech’s goal-bound free-kick, which obscured Courtois’s view, and led to VAR ruling out the goal. He then did exactly the same when breaking the deadlock, but stayed onside. Kept Batshuayi quiet throughout. Getty
    Romain Saiss 7 – Strayed offside during Ziyech’s goal-bound free-kick, which obscured Courtois’s view, and led to VAR ruling out the goal. He then did exactly the same when breaking the deadlock, but stayed onside. Kept Batshuayi quiet throughout. Getty
  • Noussair Mazraoui 7 – Solid performance from Mazraoui who moved to right-back following Hakimi’s substitution. AFP
    Noussair Mazraoui 7 – Solid performance from Mazraoui who moved to right-back following Hakimi’s substitution. AFP
  • Azzedine Ounahi 7 – A raw performance from the youngster, who worked tirelessly throughout and gave everything to the cause while looking stylish with the ball at his feet. AFP
    Azzedine Ounahi 7 – A raw performance from the youngster, who worked tirelessly throughout and gave everything to the cause while looking stylish with the ball at his feet. AFP
  • Nordin Amrabat 8 – Worked tirelessly at both ends, winning the ball back and then attempting to drive his team forward. Was central to Morocco’s play throughout. EPA
    Nordin Amrabat 8 – Worked tirelessly at both ends, winning the ball back and then attempting to drive his team forward. Was central to Morocco’s play throughout. EPA
  • Selim Amallah 7 – One of four Moroccan players born and raised in Belgium, Amallah worked hard. He had a shooting opportunity in the first half, albeit a difficult one, and hit it high and wide. Was more involved in this match than he was against Croatia, getting a number of successful passes in. EPA
    Selim Amallah 7 – One of four Moroccan players born and raised in Belgium, Amallah worked hard. He had a shooting opportunity in the first half, albeit a difficult one, and hit it high and wide. Was more involved in this match than he was against Croatia, getting a number of successful passes in. EPA
  • Hakim Ziyech, 9 – Always looked one of the more dangerous players, and he thought he’d given his side the lead when he converted from a free-kick. However, after a VAR check, Saiss was adjudged to have been offside. Came close again from distance following a progressive move from Morocco, but his effort drifted over the bar. Cut the ball back for Aboukhal to put the game beyond doubt. EPA
    Hakim Ziyech, 9 – Always looked one of the more dangerous players, and he thought he’d given his side the lead when he converted from a free-kick. However, after a VAR check, Saiss was adjudged to have been offside. Came close again from distance following a progressive move from Morocco, but his effort drifted over the bar. Cut the ball back for Aboukhal to put the game beyond doubt. EPA
  • Youssef En-Nesyri 6 – Arguably the weak link in Morocco’s attack, and who didn’t offer as much as a threat as those playing behind him. AFP
    Youssef En-Nesyri 6 – Arguably the weak link in Morocco’s attack, and who didn’t offer as much as a threat as those playing behind him. AFP
  • Sofiane Boufal 7 – While a lot of Morocco’s play came from the other side of the pitch, Boufal had one of the best chances of the game when, after dropping his shoulder, he lost Meunier and sent a low effort just wide of Courtois’s post. Always a threat. EPA
    Sofiane Boufal 7 – While a lot of Morocco’s play came from the other side of the pitch, Boufal had one of the best chances of the game when, after dropping his shoulder, he lost Meunier and sent a low effort just wide of Courtois’s post. Always a threat. EPA
  • SUBS: Yahya Attiat-Allah (Amallah, 68) 7 – Made an instant impact, winning the free-kick that led to the opening goal. Getty
    SUBS: Yahya Attiat-Allah (Amallah, 68) 7 – Made an instant impact, winning the free-kick that led to the opening goal. Getty
  • Abdelhamid Sabiri (Hakimi, 68) 8 – A stunning free-kick, a wicked delivery that caught out Courtois at his near post, put Morocco ahead. Reuters
    Abdelhamid Sabiri (Hakimi, 68) 8 – A stunning free-kick, a wicked delivery that caught out Courtois at his near post, put Morocco ahead. Reuters
  • Zakaria Aboukhlal (Boufal, 73) N/A – Scored the decisive second following a neat cut back from Ziyech, an unstoppable finish into the top corner. Getty
    Zakaria Aboukhlal (Boufal, 73) N/A – Scored the decisive second following a neat cut back from Ziyech, an unstoppable finish into the top corner. Getty
  • Abderazak Hamdallah (En-Nesyri, 73) N/A – Made a dangerous break in the closing stages and held the ball up well before forcing a corner. Getty
    Abderazak Hamdallah (En-Nesyri, 73) N/A – Made a dangerous break in the closing stages and held the ball up well before forcing a corner. Getty
  • Jawad El Yamiq (Ounahi, 78) N/A – Made his World Cup debut and did little wrong in his 15-minute cameo. AP
    Jawad El Yamiq (Ounahi, 78) N/A – Made his World Cup debut and did little wrong in his 15-minute cameo. AP

"We can still be better," said Regragui, who only took over as coach from the sacked Vahid Halilhodzic in August. "I'm not happy with four points, I want more than that. I want to qualify.

"Of course it will be tougher if we get to the knockout stage but that's the level I want to get to. We've matched two of the best teams in the world."

The game started in bizarre fashion for Morocco, with goalkeeper Yassine Bounou asking to be withdrawn from the team after the national anthems.

Regragui said the Sevilla stopper had suffered an injury towards the end of Croatia game and felt something in the warm-up.

Munir El Kajoui took his place and made some crucial saves to keep a clean sheet.

"Munir did a great job. I have great players. They listen to the instructions and they fight with all of their heart," added Regragui. "Keep focused, keep positive and we will get great results."

Morocco's Romain Saiss, right, reacts after scoring to make it 1-0 against Belgium. AP Photo
Morocco's Romain Saiss, right, reacts after scoring to make it 1-0 against Belgium. AP Photo

Belgium coach Roberto Martinez was at a loss to explain why his side have been so poor in their opening two matches of the World Cup, but put Sunday’s surprise loss to Morocco down to a fear of losing and not enough quality in their attack.

Belgium stumbled past Canada 1-0 in their Group F opener and were below par again as they slipped to defeat against a spirited Moroccan side roared on by the majority of the 43,000 fans.

The setback leaves Belgium needing to beat group leaders Croatia in their final match to guarantee a place in the last-16

"We haven't been the best Belgium at this World Cup yet," he admitted. "Today I thought we played with the fear of losing. Without the ball we still work for each other but when we have the ball, we don't stand out, we are not ourselves. We have to work on that.

"We have to stay together now and become stronger. I know this group, we will be ready for Croatia."

The first goal scored by Saiss slipped in at goalkeeper Thibaut Courtois’s near post, a collective error in defending a set-piece, but Martinez said that did not point to a lack of organisation.

"We didn't take advantage of our good moments in the first half and that first goal from Morocco determined the rest of the game," he said.

"We have been defending those standard situations in the same way for six years [since he has been in charge]. If the ball is kicked well, those are very difficult balls for a keeper.

"After the goal, the game changed radically and we were not careful enough with the ball to hurt Morocco."

Scorline

Iraq 1-0 UAE

Iraq Hussein 28’

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Dunki
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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

How much sugar is in chocolate Easter eggs?
  • The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
  • The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
  • The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
  • The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
  • The Cadbury Creme Egg contains 26g of sugar per 40g egg
What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

MATCH INFO

Iceland 0 England 1 (Sterling pen 90 1)

Man of the match Kari Arnason (Iceland)

The specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

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Transmission: 9-speed auto

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Jewel of the Expo 2020

252 projectors installed on Al Wasl dome

13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas

550 tonnes of moulded steel were raised last year to cap the dome

724,000 cubic metres is the space it encloses

Stands taller than the leaning tower of Pisa

Steel trellis dome is one of the largest single structures on site

The size of 16 tennis courts and weighs as much as 500 elephants

Al Wasl means connection in Arabic

World’s largest 360-degree projection surface

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Gulf rugby

Who’s won what so far in 2018/19

Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain

What’s left

UAE Conference

March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers

March 29, final

UAE Premiership

March 22, play-offs: 
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes

March 29, final

Updated: November 28, 2022, 7:11 AM