The best goal Diego Maradona scored at a World Cup started its journey with a pirouette in his own half.
He carried on past the attempted challenges of four England players down the inside-right channel and then won his duel with Peter Shilton, the goalkeeper. That virtuoso run put Argentina into the semi-final of the 1986 tournament, the event commonly remembered as The Maradona World Cup.
That goal, and that year’s gold medal, set a towering standard for Argentina for all nine World Cups since, and, for the last four of them, for Lionel Messi, whose moments of brilliance are routinely judged against the great Maradona’s.
So too the dazzling run that on Tuesday sealed Argentina’s place in the final of Qatar 2022. It started near the halfway line. It covered most of the right flank. It featured a pirouette. Poor Josko Gvardiol, the Croatia defender, endured all on his own, again and again, the same dispiriting frustrations as England’s Peter Beardsley, Peter Reid, Terry Butcher and Terry Fenwick 34 years ago, in trying and failing to dispossess a dribbling genius.
A key difference is that at the Lusail Stadium, Messi’s epic run gathered steam without teammates feeling momentarily irritated. During Maradona’s legendary slalom, colleagues anxiously waited for a pass.
Jorge Valdano and Jorge Burruchaga, who both scored in the winning final against West Germany a week later, had made runs to anticipate a Maradona cross. The midfielder Ricardo Guisti later recalled: “I wanted him to give the ball to Valdano and thought: ‘He’s not going to pass it!’.”
Against Croatia, with Gvardiol twisted this way and that and left trailing in Messi’s wake, the PSG star delivered a perfect pass, a cutback from just in front of the goal-line. Julian Alvarez was his grateful Burruchaga or Valdano, steering in his second goal of the semi-final.
Alvarez had also contributed decisively to Argentina’s opener, fouled to earn the penalty emphatically converted by Messi in the first half.
Argentina v Croatia ratings
It has been quite a year for Alvarez. Twelve months ago he was preparing himself for a far less glamorous final, the equivalent of the Argentinian Super Cup. It was his last match as an employee of River Plate ahead of the announcement of his signing for Manchester City, who promptly told him he was not needed in their first team for six months and could continue on loan at River.
Enzo Fernandez, now of Benfica, was in River’s midfield that day. The pair of them, 22 and 21, have come a long way fast. In the past three weeks, both have established themselves as trusted starters for Argentina, now on the threshold of the most desired medal a football career can deliver.
Argentina’s supporting cast often talk of Messi as their “leader”, and for several, the elevation into his orbit has felt sudden and exhilarating.
Alvarez has made a good impression at City since August but is still the understudy to Erling Haaland. Fernandez only made his international debut in September. Alexis Mac Allister, of Brighton, won his first competitive cap in March.
Fernandez and Mac Allister’s companions in the midfield picked by coach Lionel Scaloni against Croatia were Rodrigo De Paul, who tends to be on the bench for his club, Atletico Madrid’s European Champions League matches, and Leandro Paredes, who in August was told by Messi’s Paris Saint-Germain he should leave if he wanted more chance of regular first-team minutes. He joined Juventus, who have had a very poor autumn, on loan.
On paper, that quartet are not a world-beating midfield. Scan the Argentina squad and it contains probably fewer stars than any of those that accompanied Messi to his previous four World Cups, from which his best finish was the losing final of 2014.
Yet Scaloni, reacting to the setback of an opening group-stage loss to Saudi Arabia, has developed a strong unit to complement his megastar.
While Messi can roll back the years with surges like the one that tortured Gvardiol, he also needs, at 35, his moments of pause. The energy and stamina of Mac Allister, 23, Fernandez and Alvarez compensate.
They are steadily eclipsing older allies, too. Fernandez is delivering the sort of through-balls that Angel Di Maria, in Qatar but restricted by fitness issues, has been directing at Messi for the best part of 15 years in the national jersey.
Alvarez is keeping Inter's Lautaro Martinez, a strike partner of Messi’s through almost 40 internationals, on the bench.
Which may be reassuring for Argentinians as they look beyond Sunday’s final, the game Messi says will be his last for his country.
Bravehearts for the next generation are emerging. None will ever be comparable to Messi but they have gained from being alongside him, guided by him in the month he honoured comparisons with Maradona in 1986, and, perhaps, the month when he finally matches Maradona’s status as World Cup-winning leader.
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.”
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
Retail gloom
Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.
It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.
The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.
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