• FRANCE RATINGS: Hugo Lloris - 6, Put Dayot Upamecano in an awkward situation with his early pass, had another poor ball intercepted by Przemyslaw Frankowski and got away with dropping the ball. However, he did make an important save to deny Piotr Zielinski. Was way off his line when saving Robert Lewandowski’s first penalty attempt and was sent the wrong way the second time. AFP
    FRANCE RATINGS: Hugo Lloris - 6, Put Dayot Upamecano in an awkward situation with his early pass, had another poor ball intercepted by Przemyslaw Frankowski and got away with dropping the ball. However, he did make an important save to deny Piotr Zielinski. Was way off his line when saving Robert Lewandowski’s first penalty attempt and was sent the wrong way the second time. AFP
  • Jules Kounde - 7, Hit a powerful strike straight at Wojciech Szczesny and played a decent cross for a Giroud chance. Put in a solid defensive performance and held off Frankowski after Lloris’ poor pass. In fact, the most flustered he looked all game is when he was pulled up for wearing jewellery. AFP
    Jules Kounde - 7, Hit a powerful strike straight at Wojciech Szczesny and played a decent cross for a Giroud chance. Put in a solid defensive performance and held off Frankowski after Lloris’ poor pass. In fact, the most flustered he looked all game is when he was pulled up for wearing jewellery. AFP
  • Raphael Varane - 7, Rose well for an early header but it was comfortably off target. Got away with a poor pass but then made a great clearance off the line to deny Jakub Kaminski and looked confident in a lot of his play after that. Reuters
    Raphael Varane - 7, Rose well for an early header but it was comfortably off target. Got away with a poor pass but then made a great clearance off the line to deny Jakub Kaminski and looked confident in a lot of his play after that. Reuters
  • Dayot Upamecano - 5, Didn’t always look comfortable as he just about escaped Poland’s early press in the French box, then made a clean challenge after a poor touch. Handled Kamil Grosicki’s cross to concede a penalty. AFP
    Dayot Upamecano - 5, Didn’t always look comfortable as he just about escaped Poland’s early press in the French box, then made a clean challenge after a poor touch. Handled Kamil Grosicki’s cross to concede a penalty. AFP
  • Theo Hernandez - 7, Provided strong defending that was too much for Kaminski. Blocked Zielinski’s shot well but hit his own shot comfortably wide at the other end. Did brilliantly to stop Kaminski reaching Frankowski’s cross. AFP
    Theo Hernandez - 7, Provided strong defending that was too much for Kaminski. Blocked Zielinski’s shot well but hit his own shot comfortably wide at the other end. Did brilliantly to stop Kaminski reaching Frankowski’s cross. AFP
  • Aurelien Tchouameni - 7, Often looked composed, notably when he held off Robert Lewandowski in a potentially awkward position. Saw a good strike from range saved and did well to regain possession for Dembele’s chance. Booked for a challenge on Frankowski. AFP
    Aurelien Tchouameni - 7, Often looked composed, notably when he held off Robert Lewandowski in a potentially awkward position. Saw a good strike from range saved and did well to regain possession for Dembele’s chance. Booked for a challenge on Frankowski. AFP
  • Adrien Rabiot - 9, Moved the ball well and helped out his defenders, notably making a great recovery run and tackle after Hernandez had been nutmegged by Kaminski. Quietly went about his business but his display was a superb one. AFP
    Adrien Rabiot - 9, Moved the ball well and helped out his defenders, notably making a great recovery run and tackle after Hernandez had been nutmegged by Kaminski. Quietly went about his business but his display was a superb one. AFP
  • Ousmane Dembele - 7, Didn’t make the most of a good opening with a tame shot but teed up Giroud for his missed chance. While he didn’t always provide a quality end product, he picked out Mbappe for France’s second. Getty
    Ousmane Dembele - 7, Didn’t make the most of a good opening with a tame shot but teed up Giroud for his missed chance. While he didn’t always provide a quality end product, he picked out Mbappe for France’s second. Getty
  • Antoine Griezmann - 8, Did well in both boxes, and was unlucky when a good flick was saved, then did well to block Kaminski’s shot. Worked Szczesny with a threatening free-kick delivery. Took up some great positions and played lovely passes. His clearance from an awkward situation started the move for France’s second. AFP
    Antoine Griezmann - 8, Did well in both boxes, and was unlucky when a good flick was saved, then did well to block Kaminski’s shot. Worked Szczesny with a threatening free-kick delivery. Took up some great positions and played lovely passes. His clearance from an awkward situation started the move for France’s second. AFP
  • Kylian Mbappe - 10, Slid the ball through to Olivier Giroud brilliantly for the opener after taking a slightly more central position. Provided a brilliant finish to double France’s lead, then hit another beautiful effort into the top corner. Getty
    Kylian Mbappe - 10, Slid the ball through to Olivier Giroud brilliantly for the opener after taking a slightly more central position. Provided a brilliant finish to double France’s lead, then hit another beautiful effort into the top corner. Getty
  • Olivier Giroud - 8, Couldn’t quite reach Griezmann’s through ball and wasted a chance at the back post, but he returned to finish clinically and open the scoring. Was unfortunate that his acrobatic goal didn’t count. Hit the sidenetting from a tight angle. Provided a wonderful touch in the build-up to Mbappe’s goal. AFP
    Olivier Giroud - 8, Couldn’t quite reach Griezmann’s through ball and wasted a chance at the back post, but he returned to finish clinically and open the scoring. Was unfortunate that his acrobatic goal didn’t count. Hit the sidenetting from a tight angle. Provided a wonderful touch in the build-up to Mbappe’s goal. AFP
  • SUBS: Youssouf Fofana (Tchouameni, 66’) - 6, Looked comfortable in the middle of the pitch and moved the ball nicely. AFP
    SUBS: Youssouf Fofana (Tchouameni, 66’) - 6, Looked comfortable in the middle of the pitch and moved the ball nicely. AFP
  • Kingsley Coman (Dembele, 76’) – N/R, Almost found Marcus Thuram with a cross after breezing past Bartosz Bereszynski in one of a few promising moments. Getty
    Kingsley Coman (Dembele, 76’) – N/R, Almost found Marcus Thuram with a cross after breezing past Bartosz Bereszynski in one of a few promising moments. Getty
  • Marcus Thuram (Giroud, 76’) – N/R, Kept things simple to maintain possession well, whether that was through his passing or body positioning. Toyed with Cash before teeing up Mbappe for the third. Axel Disasi (Kounde, 92’) – N/R. Getty
    Marcus Thuram (Giroud, 76’) – N/R, Kept things simple to maintain possession well, whether that was through his passing or body positioning. Toyed with Cash before teeing up Mbappe for the third. Axel Disasi (Kounde, 92’) – N/R. Getty
  • POLAND RATINGS: Wojciech Szczesny - 6, His save to deny Tchouameni’s shot from range was one of a host of stops from the Polish goalkeeper. He also bravely met Giroud’s ball under pressure from Dembele and made a strong punch over the top of Varane. Nothing he could do about any of the goals despite him getting a fingertip to the last. AFP
    POLAND RATINGS: Wojciech Szczesny - 6, His save to deny Tchouameni’s shot from range was one of a host of stops from the Polish goalkeeper. He also bravely met Giroud’s ball under pressure from Dembele and made a strong punch over the top of Varane. Nothing he could do about any of the goals despite him getting a fingertip to the last. AFP
  • Matty Cash - 6, Was given a torrid time by Mbappe. Was unlucky to see his fizzed ball go through everybody. Took a heavy blow when Szczesny came out to punch a cross and began to tire towards the end, getting booked for a late foul on Thuram. Getty
    Matty Cash - 6, Was given a torrid time by Mbappe. Was unlucky to see his fizzed ball go through everybody. Took a heavy blow when Szczesny came out to punch a cross and began to tire towards the end, getting booked for a late foul on Thuram. Getty
  • Kamil Glik - 5, Wasn’t afraid to step out and win the ball but showed a lack of awareness when doing so on one occasion to open up space that Giroud exploited for the opener. Couldn’t get out to Mbappe quickly enough for either of his goals. Did well to reach Zielinski’s cross but couldn’t keep his header down. Getty
    Kamil Glik - 5, Wasn’t afraid to step out and win the ball but showed a lack of awareness when doing so on one occasion to open up space that Giroud exploited for the opener. Couldn’t get out to Mbappe quickly enough for either of his goals. Did well to reach Zielinski’s cross but couldn’t keep his header down. Getty
  • Jakub Kiwior - 5, His passing was poor at times and Dembele’s tame attempt meant he got away with losing the ball in a poor position. Made a good header to stop Giroud meeting Tchouameni’s clipped pass but was then beaten too easily by the striker as he opened the scoring. Reuters
    Jakub Kiwior - 5, His passing was poor at times and Dembele’s tame attempt meant he got away with losing the ball in a poor position. Made a good header to stop Giroud meeting Tchouameni’s clipped pass but was then beaten too easily by the striker as he opened the scoring. Reuters
  • Bartosz Bereszynski - 6, Fouled Griezmann inside the opening 20 seconds, but didn’t let that impact him and put in a good defensive display for large periods. Was unlucky to be booked for a recovery tackle on Dembele, although he struggled a bit as the game approached the latter stages. PA
    Bartosz Bereszynski - 6, Fouled Griezmann inside the opening 20 seconds, but didn’t let that impact him and put in a good defensive display for large periods. Was unlucky to be booked for a recovery tackle on Dembele, although he struggled a bit as the game approached the latter stages. PA
  • Grzegorz Krychowiak - 7, Often picked his passes well, which played a key role in Poland looking better on the ball than they have for most of the World Cup. When he didn’t do that and conceded possession in a dangerous area, he recovered to block Mbappe’s shot. AFP
    Grzegorz Krychowiak - 7, Often picked his passes well, which played a key role in Poland looking better on the ball than they have for most of the World Cup. When he didn’t do that and conceded possession in a dangerous area, he recovered to block Mbappe’s shot. AFP
  • Jakub Kaminski - 6, Pressed well at times and had a shot cleared off the line by Varane, then saw a deflected shot hit the sidenetting. Delivered a disappointing cross from a promising position in a match that was frustrating at times due to Hernandez’s influence. Reuters
    Jakub Kaminski - 6, Pressed well at times and had a shot cleared off the line by Varane, then saw a deflected shot hit the sidenetting. Delivered a disappointing cross from a promising position in a match that was frustrating at times due to Hernandez’s influence. Reuters
  • Piotr Zielinski - 6, Played a poor pass when there was a chance to counter, then had two shots in quick succession denied. Tried to make things happen with his passing, even if it didn’t always come off and had a period in the second half where he looked bright. Getty
    Piotr Zielinski - 6, Played a poor pass when there was a chance to counter, then had two shots in quick succession denied. Tried to make things happen with his passing, even if it didn’t always come off and had a period in the second half where he looked bright. Getty
  • Sebastian Szymanski - 6, Good press to put Lloris under pressure and did brilliantly to get back and get the ball away from Mbappe as he set himself to shoot. There were times where he lost the ball too easily. AFP
    Sebastian Szymanski - 6, Good press to put Lloris under pressure and did brilliantly to get back and get the ball away from Mbappe as he set himself to shoot. There were times where he lost the ball too easily. AFP
  • Przemyslaw Frankowski - 6, Rushed Upamecano and did well to challenge Mbappe in the early stages, although a poor touch and pass put his team in trouble. Put in some good work on the wing and delivered an inviting cross that Kaminski wasn’t quite able to reach. Getty
    Przemyslaw Frankowski - 6, Rushed Upamecano and did well to challenge Mbappe in the early stages, although a poor touch and pass put his team in trouble. Put in some good work on the wing and delivered an inviting cross that Kaminski wasn’t quite able to reach. Getty
  • Robert Lewandowski - 6, Fired wide from range, then put too much on a pass out wide before hitting a disappointing free-kick into the wall. Was more involved in general play than he has been throughout most of the tournament but scuffed his late shot horribly wide. Was lucky to be given the opportunity to retake his penalty, sending Lloris the wrong way the second time. AP
    Robert Lewandowski - 6, Fired wide from range, then put too much on a pass out wide before hitting a disappointing free-kick into the wall. Was more involved in general play than he has been throughout most of the tournament but scuffed his late shot horribly wide. Was lucky to be given the opportunity to retake his penalty, sending Lloris the wrong way the second time. AP
  • SUBS: Arkadiusz Milik (Szymanski, 64’) - 6, Tried to make things happen and came close to reaching his own pass in an awkward situation for the French defence. A heavy touch let him down after he’d reached Nicola Zalewski’s cross before he saw an acrobatic effort hit the post but was offside anyway. AP
    SUBS: Arkadiusz Milik (Szymanski, 64’) - 6, Tried to make things happen and came close to reaching his own pass in an awkward situation for the French defence. A heavy touch let him down after he’d reached Nicola Zalewski’s cross before he saw an acrobatic effort hit the post but was offside anyway. AP
  • Nicola Zalewski (Kaminski, 71’) – N/R, Put his team in an awkward position with a poor pass but delivered an inviting cross for Milik. AP
    Nicola Zalewski (Kaminski, 71’) – N/R, Put his team in an awkward position with a poor pass but delivered an inviting cross for Milik. AP
  • Krystian Bielik (Krychowiak, 71’) – N/R, Moved the ball well in the midfield and made a couple of good attempts to break up French play. AP
    Krystian Bielik (Krychowiak, 71’) – N/R, Moved the ball well in the midfield and made a couple of good attempts to break up French play. AP
  • Jan Bednarek (Kiwior, 87’) – N/R, Was unable to stop Mbappe getting a French third. Getty
    Jan Bednarek (Kiwior, 87’) – N/R, Was unable to stop Mbappe getting a French third. Getty
  • Kamil Grosicki (Frankowski, 87’) – N/R, Cut across Disasi and delivered a great cross for Milik’s chance before delivering more balls, with one of those getting a penalty. Reuters
    Kamil Grosicki (Frankowski, 87’) – N/R, Cut across Disasi and delivered a great cross for Milik’s chance before delivering more balls, with one of those getting a penalty. Reuters

France v Poland player ratings: Mbappe 10, Giroud 8; Lewandowski 6, Glik 5


  • English
  • Arabic

Kylian Mbappe continued his supreme form in Qatar with a brace and assist to help France progress into the World Cup quarter-finals following a 3-1 win over Poland.

Mbappe produced two curled finishes in the final 16 minutes in Doha to wrap up victory for the holders after Olivier Giroud’s fine opener at the end of the first half.

Giroud’s impressive 44th-minute finish made him France’s outright top goalscorer with 52 goals, moving ahead of fellow ex-Arsenal striker Thierry Henry.

Poland had their moments and Robert Lewandowski scored a stoppage-time consolation from the penalty spot for his nation but the night belonged to Mbappe.

Ratings from the match can be seen in the gallery above. To view the next image, just swipe.

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WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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RESULTS
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White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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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

england euro squad

Goalkeepers: Dean Henderson (Man Utd), Sam Johnstone (West Brom), Jordan Pickford (Everton)

Defenders: John Stones (Man City), Luke Shaw (Man Utd), Harry Maguire (Man Utd), Trent Alexander-Arnold (Liverpool), Kyle Walker (Man City), Tyrone Mings (Aston Villa), Reece James (Chelsea), Conor Coady (Wolves), Ben Chilwell (Chelsea), Kieran Trippier (Atletico Madrid)

Midfielders: Mason Mount (Chelsea), Declan Rice (West Ham), Jordan Henderson (Liverpool), Jude Bellingham (Borussia Dortmund), Kalvin Phillips (Leeds)

Forwards: Harry Kane (Tottenham), Marcus Rashford (Man Utd), Raheem Sterling (Man City), Dominic Calvert-Lewin (Everton), Phil Foden (Man City), Jack Grealish (Aston Villa), Jadon Sancho (Borussia Dortmund), Bukayo Saka (Arsenal)

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In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20S23%20ULTRA
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.8%22%20edge%20quad-HD%2B%20dynamic%20Amoled%202X%2C%20Infinity-O%2C%203088%20x%201440%2C%20500ppi%2C%20HDR10%2B%2C%20120Hz%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%204nm%20Qualcomm%20Snapdragon%208%20Gen%202%2C%2064-bit%20octa-core%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%20RAM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%2F1TB%20(only%20128GB%20has%20an%208GB%20RAM%20option)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20quad%2012MP%20ultra-wide%20f%2F2.2%20%2B%20200MP%20wide%20f%2F1.7%20%2B%2010MP%20telephoto%20f%2F4.9%20%2B%2010MP%20telephoto%202.4%3B%203x%2F10x%20optical%20zoom%2C%20Space%20Zoom%20up%20to%20100x%3B%20auto%20HDR%2C%20expert%20RAW%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%208K%4024%2F30fps%2C%204K%4060fps%2C%20full-HD%4060fps%2C%20HD%4030fps%2C%20full-HD%20super%20slo-mo%40960fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20f%2F2.2%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%205000mAh%2C%20fast%20wireless%20charging%202.0%2C%20Wireless%20PowerShare%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%205G%2C%20Wi-Fi%2C%20Bluetooth%205.2%2C%20NFC%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3B%20built-in%20Galaxy%20S%20Pen%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESIM%3A%3C%2Fstrong%3E%20single%20nano%20%2F%20nano%20%2B%20eSIM%20%2F%20nano%20%2B%20nano%20%2B%20eSIM%20%2F%20nano%20%2B%20nano%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20cream%2C%20green%2C%20lavender%2C%20phantom%20black%3B%20online%20exclusives%3A%20graphite%2C%20lime%2C%20red%2C%20sky%20blue%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh4%2C949%20for%20256GB%2C%20Dh5%2C449%20for%20512GB%2C%20Dh6%2C449%20for%201TB%3B%20128GB%20unavailable%20in%20the%20UAE%3C%2Fp%3E%0A
The biog

Favourite hobby: taking his rescue dog, Sally, for long walks.

Favourite book: anything by Stephen King, although he said the films rarely match the quality of the books

Favourite film: The Shawshank Redemption stands out as his favourite movie, a classic King novella

Favourite music: “I have a wide and varied music taste, so it would be unfair to pick a single song from blues to rock as a favourite"

The specs

Price, base / as tested Dh135,000

Engine 1.6L turbo

Gearbox Six speed automatic with manual and sports mode

Power 165hp @ 6,000rpm

Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds

Top speed 420 kph (governed)

Fuel economy, combined 35.2L / 100km (est)

The specs: 2018 Jeep Compass

Price, base: Dh100,000 (estimate)

Engine: 2.4L four-cylinder

Transmission: Nine-speed automatic

Power: 184bhp at 6,400rpm

Torque: 237Nm at 3,900rpm

Fuel economy, combined: 9.4L / 100km

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Points Classification

1. Marcel Kittel (Germany / Quick-Step) 63

2. Arnaud Demare (France / FDJ) 38

3. Andre Greipel (Germany / Lotto) 25

4. Sonny Colbrelli (Italy / Bahrain) 24

5. Mark Cavendish (Britain / Dimension Data) 22

6. Taylor Phinney (U.S. / Cannondale) 21

7. Geraint Thomas (Britain / Team Sky) 20

8. Thomas Boudat (France / Direct Energie) 20

9. Stefan Kueng (Switzerland / BMC Racing) 17

10. Michael Matthews (Australia / Sunweb) 17

UAE currency: the story behind the money in your pockets

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.”

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

Bert van Marwijk factfile

Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder

Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia

Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands

Race card

5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m

6.05pm: Handicap (TB) Dh87,500 (T) 1,400m

6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m

7.15pm: Handicap (TB) Dh105,000 (T) 1,200m

7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m

8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9pm: Handicap (TB) Dh105,000 (T) 2,410m

9.35pm: Handicap (TB) Dh92,500 (T) 2,000m

The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

Fuel economy, combined 11.7L / 100km

Updated: December 04, 2022, 5:42 PM