Patrick Veira at Manchester City School of Football. Courtesy Jonathan Gibbons
Patrick Veira at Manchester City School of Football. Courtesy Jonathan Gibbons
Patrick Veira at Manchester City School of Football. Courtesy Jonathan Gibbons
Patrick Veira at Manchester City School of Football. Courtesy Jonathan Gibbons

Children get chance to win access to Manchester City's School of Football


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"I always want to play football," said 15-year-old Rani Sahyoun, "and from the coaching we have had I can feel myself already getting better."

Sahyoun was one of the selected youngsters who took part in one of the preview coaching sessions by Manchester City's first international School of Football, opening on Sunday at Zayed Sports City in Abu Dhabi.

Boys and girls aged 6 to 16 can sign up for the course, costing Dh1,750, with each session lasting 90 minutes, by emailing adsof@mcfc.co.uk. The school welcomes players of all abilities.

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In the 10-week programme, they will be taught by coaches from the English Premier League, who will be specially flown in to Abu Dhabi. Each student will also receive a full MCFC replica kit.

The coach, Gavin Makel, said the course will be run on the same principles as the Manchester City FC Academy, the club's training programme. "Boys and girls here in the UAE will be getting genuine Premier League instruction," he said.

"We held some sessions with young local players and I have been very impressed with not only the standard but also with the huge enthusiasm for the game." The former Manchester City player Patrick Vieira, now the club's football development executive, helped Makel coach the local kids.

"At a young age it is so important to have the correct coaching," he said. "That is why we are very proud to launch the school."

The Emirati players Abdulla Al Khater and Sultan Al Suwaidi, who currently attend the academy in Manchester, assisted at the preview sessions.

"By properly learning the basics, boys and girls will get much more enjoyment out of the game," said Al Suwaidi. "Manchester City's coaches are the best around and they have very high standards. But they always want you to have fun. That is what the School of Football is all about."

The club is giving two children the opportunity to enrol free of charge in the School of Football. Simply send an email with contact details to contest@thenational.ae by midnight tonight. The first two entries received will win access to the 10-week course.

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Results

2-15pm: Commercial Bank Of Dubai – Conditions (TB) Dh100,000 (Dirt) 1,400m; Winner: Al Habash, Patrick Cosgrave (jockey), Bhupat Seemar (trainer)

2.45pm: Al Shafar Investment – Handicap (TB) Dh80,000 (D) 1,200m; Winner: Day Approach, Ray Dawson, Ahmad bin Harmash

3.15pm: Dubai Real estate Centre – Handicap (TB) Dh80,000 (D) 1,600m; Winner: Celtic Prince, Richard Mullen, Rashed Bouresly

3.45pm: Jebel Ali Sprint by ARM Holding – Listed (TB) Dh500,000 (D) 1,000m; Winner: Khuzaam, Pat Dobbs, Doug Watson

4.15pm: Shadwell – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Tenbury Wells, Royston Ffrench, Salem bin Ghadayer

4.45pm: Jebel Ali Stakes by ARM Holding – Listed (TB) Dh500,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson

5.15pm: Jebel Ali Racecourse – Handicap (TB) Dh76,000 (D) 1,950m; Winner: Rougher, Pat Dobbs, Doug Watson

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.”

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

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Age: 40

From: Baghdad, Iraq

Mission: Promote world peace

Favourite poet: Al Mutanabbi

Role models: His parents 

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