• France's forward Kylian Mbappe (L) and France's forward Antoine Griezmann take part in a training session at the Al Sadd SC in Doha on December 13, 2022, on the eve of the Qatar 2022 World Cup football semi-final match between France and Morocco. (Photo by FRANCK FIFE / AFP)
    France's forward Kylian Mbappe (L) and France's forward Antoine Griezmann take part in a training session at the Al Sadd SC in Doha on December 13, 2022, on the eve of the Qatar 2022 World Cup football semi-final match between France and Morocco. (Photo by FRANCK FIFE / AFP)
  • Kylian Mbappe prepares to face Morocco in the World Cup semi-final. Getty
    Kylian Mbappe prepares to face Morocco in the World Cup semi-final. Getty
  • Olivier Giroud during the France training session at Al Sadd Stadium. Getty
    Olivier Giroud during the France training session at Al Sadd Stadium. Getty
  • Star striker Kylian Mbappe stretches during the training session at Al Sadd. Getty
    Star striker Kylian Mbappe stretches during the training session at Al Sadd. Getty
  • France coach Didier Deschamps oversees the training session. Getty
    France coach Didier Deschamps oversees the training session. Getty
  • Forward Kylian Mbappe, a World Cup winner with France four years ago, on the ball. AFP
    Forward Kylian Mbappe, a World Cup winner with France four years ago, on the ball. AFP
  • France forward Olivier Giroud and goalkeeper Alphonse Areola take part in a training session. AFP
    France forward Olivier Giroud and goalkeeper Alphonse Areola take part in a training session. AFP
  • Kylian Mbappe with Jules Kounde during France training. Getty
    Kylian Mbappe with Jules Kounde during France training. Getty
  • Benjamin Pavard trains with teammates. Getty
    Benjamin Pavard trains with teammates. Getty
  • France's William Saliba during training. Reuters
    France's William Saliba during training. Reuters
  • France forward Kylian Mbappe takes part in a training session at the Al Sadd Stadium in Doha. AFP
    France forward Kylian Mbappe takes part in a training session at the Al Sadd Stadium in Doha. AFP
  • France coach Didier Deschamps and Kingsley Coman. Reuters
    France coach Didier Deschamps and Kingsley Coman. Reuters
  • France's Axel Disasi during training. Reuters
    France's Axel Disasi during training. Reuters
  • Antoine Griezmann and Ousmane Dembele take part in a training session. AFP
    Antoine Griezmann and Ousmane Dembele take part in a training session. AFP
  • Kylian Mbappe trains with France teammates. Getty
    Kylian Mbappe trains with France teammates. Getty
  • France's Kylian Mbappe during training. Reuters
    France's Kylian Mbappe during training. Reuters
  • France's Antoine Griezmann during training. Reuters
    France's Antoine Griezmann during training. Reuters
  • Antoine Griezmann reacts during the France training session at in Doha. Getty
    Antoine Griezmann reacts during the France training session at in Doha. Getty
  • France's Kylian Mbappe, Antoine Griezmann and Jules Kounde during training. Reuters
    France's Kylian Mbappe, Antoine Griezmann and Jules Kounde during training. Reuters
  • France's Alphonse Areola during training. Reuters
    France's Alphonse Areola during training. Reuters

Mbappe, Griezmann and Giroud tune up for blockbuster clash with Morocco - in pictures


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France's World Cup stars tuned up for their World Cup semi-final against Morocco knowing they are just two games away from making history.

If Les Bleus beat the Atlas Lions on Wednesday, and then triumph in the final on Sunday, they will become the first team since Brazil 60 years ago to retain the trophy following their triumph in Russia four years ago.

However, as the French stars, including Kylian Mbappe, Olivier Giroud and Antoine Griezmann, trained in Doha, they insisted they will not “fall into the trap” of thinking a place in the final is theirs for the taking against the African champions.

Manchester United defender Raphael Varane said on the eve of the semi-final: “We have a lot of experience and will not fall into the trap of thinking we’re favourites.

“If Morocco have reached the semi-finals it is not down to luck. They defend really well and it is going to be a really difficult game.

“It is up to us, with our experienced players, to push forward. We are going to have to fight really hard and we will not think it is easy.

“We have to give 100 per cent and fight until the end. You have to earn a place in the final.”

Morocco, the first African side – and first Arab nation – to have reached a World Cup semi-final, drew with Croatia in their tournament opener before going on to beat Belgium, Canada, Spain and Portugal.

They continue to carry the hopes of both their continent and the Arab world in Qatar.

Varane said: “I think they are a very solid team, very difficult to outmanoeuvre.

“They are writing history for their country and have amazing strength as a team. They have some really strong weapons, are good on the counter-attack and from set-pieces.

“We are expecting a very difficult match. We know there is no second chance. This is a very high level of competition we are playing at.”

Pictures of the French squad in their final training session before the match can be seen in the gallery above. To view the next image, just swipe.

Abdul Jabar Qahraman was meeting supporters in his campaign office in the southern Afghan province of Helmand when a bomb hidden under a sofa exploded on Wednesday.

The blast in the provincial capital Lashkar Gah killed the Afghan election candidate and at least another three people, Interior Minister Wais Ahmad Barmak told reporters. Another three were wounded, while three suspects were detained, he said.

The Taliban – which controls much of Helmand and has vowed to disrupt the October 20 parliamentary elections – claimed responsibility for the attack.

Mr Qahraman was at least the 10th candidate killed so far during the campaign season, and the second from Lashkar Gah this month. Another candidate, Saleh Mohammad Asikzai, was among eight people killed in a suicide attack last week. Most of the slain candidates were murdered in targeted assassinations, including Avtar Singh Khalsa, the first Afghan Sikh to run for the lower house of the parliament.

The same week the Taliban warned candidates to withdraw from the elections. On Wednesday the group issued fresh warnings, calling on educational workers to stop schools from being used as polling centres.

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Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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.”

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
COMPANY%20PROFILE
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Monster Hunter: World

Capcom

PlayStation 4, Xbox One

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

In The Heights

Directed by: Jon M. Chu

Stars: Anthony Ramos, Lin-Manual Miranda

Rating: ****

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E299hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E420Nm%20at%202%2C750rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E12.4L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh157%2C395%20(XLS)%3B%20Dh199%2C395%20(Limited)%3C%2Fp%3E%0A
Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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The%20specs
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Updated: December 14, 2022, 10:26 AM