Hull City's David Meyler, left, reacts after Newcastle United's manager Alan Pardew, right, delivered a headbutt to him during their English Premier League match at the KC Stadium, Hull, England on March 1, 2014. Newcastle manager Alan Pardew is facing a potentially lengthy touchline ban after the incident that overshadowed Newcastle’s 4-1 victory. Lynne Cameron / AP Photo
Hull City's David Meyler, left, reacts after Newcastle United's manager Alan Pardew, right, delivered a headbutt to him during their English Premier League match at the KC Stadium, Hull, England on MaShow more

Manager association: Pardew headbutt is unacceptable



Newcastle United manager Alan Pardew's head-butt on Hull City player David Meyler has been labelled "unacceptable" by England's League Managers' Association (LMA) chief executive Richard Bevan.

The Newcastle manager clashed with Meyler during his side's 4-1 win at the KC Stadium on Saturday.

Pardew was fined £100,000 (Dh615,000) by Newcastle, who stopped short of dismissing the Englishman, who seems certain to face disciplinary action from the England Football Association (FA).

Bevan told the BBC yesterday: “It’s unacceptable, it’s inappropriate and it’s insupportable from every perspective and Alan knows that. He immediately realised the serious error, [made] sincere apologies to all parties and obviously [has] deep regret.

“It was good to see [Hull manager] Steve Bruce’s reaction and Hull accepting [Pardew’s apology].

“But Alan does need to think hard about how not to put himself in that position again.”

Pardew said after the match he would have to “sit down and stay out of the way”, rather than roam his technical area, to avoid getting caught up in similar incidents in future.

“I was pleased to see Newcastle in a very short period of time making a very swift, professional response that provided Alan with a very heavy fine and a formal warning,”said Bevan, who added that the LMA was looking at ways to have managers positioned farther away from the touchline in a bid to prevent future flare-ups.

“We did a technical report six or seven months ago, interviewing 40 referees and 40 managers, and we’re looking at the moment at how the technical area works in America, for example, in other sports and seeing how we can look to improve several problems that occur because of the positioning,” Bevan said.

He accepted that the tight dimensions of some of England’s older football grounds would pose problems, particularly given the need to keep managers and coaching staff away from supporters.

“But what we can do is make a serious effort to look at how the technical area should be placed,” Bevan said.

Former FA executive director David Davies said it was “conceivable” that Pardew could be suspended for the rest of the season, adding the incident was “a very serious matter which I suspect will be dealt with very severely”.

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WENGER NOT WORRIED ABOUT ARSENAL’S TITLE CHANCES

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Long-time leaders Arsenal may have slipped out of the second spot in the Premier League table for the first time since September, but manager Arsene Wenger is remaining calm about his side's title prospects. Saturday's 1-0 loss to Stoke City leaves Arsenal four points adrift of leaders Chelsea with 10 games to go.

Of Arsenal’s chances of winning a first championship since 2004, Wenger, right, said: “I don’t assess them at all, because I think what we have to focus on is our performance, and play well in our next game.”

Wenger tried to take the positives from the Stoke loss, adding: “I think our defensive performance was outstanding.”

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ELSEWHERE

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WEST BROMWICH ALBION

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Nicolas Anelka and the English Football Association will both decide today whether to launch appeals over his five-match ban for making a “quenelle” gesture. Both parties will receive written reasons from the independent regulatory commission that imposed the suspension – the minimum ban for an aggravated offence under the FA’s rules. The West Brom strike, who made the gesture on December 28 after scoring against West Ham United, can appeal against the ban, but the FA is also permitted to appeal to try to have the ban increased. The quenelle salute has anti-Semitic connotations in Anelka’s home country of France, but the commission accepted there was no intent to be anti-Semitic. Under strict liability rules, however, he was found guilty of an aggravated offence. New rules brought in this season mean any racial or discriminatory offence carries a minimum five-match ban, and FA chairman Greg Dyke said the governing body would look to see if these changes had been effective. He said: “This is an evidence-based inquiry and what did Mr Anelka say and what was basis for the decision – we will see that on Monday.”

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CHELSEA

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Andre Schurrle may have taken the plaudits for his hat-trick for the Premier League leaders in their 3-1 win at Fulham on Saturday, but the German international said it is Eden Hazard who really deserves the credit. The Belgian midfielder set up two of Schurrle’s goals at Craven Cottage, and the 23 year old said of his teammate: “Eden is awesome. He is a great player and everybody knows that. When we are on the pitch, he can take on two or three people, we make a run and he sees us.”

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EVERTON

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Steven Naismith said learning to play a waiting game is something Everton still need to improve on, but a return to winning ways against West Ham United proves it is a strategy which works. Substitute Romelu Lukaku returned from a month-long absence to score the only goal, nine minutes from time, and end an afternoon of frustration for Everton. “We need to learn to get better at being patient at home,” said Naismith, the Scottish forward. “It is about controlling the game and not feeling you need to go more direct and we showed that.”

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LIVERPOOL

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Jordan Henderson has played down Liverpool’s Premier League title chances despite moving up to second place in the table on Saturday after winning 3-0 at Southampton. The Merseyside team have won their past four league games to close within four points of leaders Chelsea. “We have just got to keep our feet on the ground,” the midfielder said. “We are very confident, but at the same time, there is a long way to go, so we’ve just got to take each game at it comes. We’ve got some quality players here and are working very well, so we will take each game as it comes and see where we finish.”

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HULL CITY

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Steve Bruce demanded better from his Hull City defence following their 4-1home loss to Newcastle United on Saturday. The Hull manager said: “We’ve made more mistakes today than I’ve remembered us making in six months. Collectively and individually we’ve made just basic, bad schoolboy errors. We’ve gifted them three goals in my opinion.”

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The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

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Rating: 4/5

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.”

Tuesday's fixtures
Group A
Kyrgyzstan v Qatar, 5.45pm
Iran v Uzbekistan, 8pm
N Korea v UAE, 10.15pm
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
SPECS%3A%20Polestar%203
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ELong-range%20dual%20motor%20with%20400V%20battery%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E360kW%20%2F%20483bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E840Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%3C%2Fstrong%3E%20628km%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%204.7sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20210kph%20%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh360%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3Cbr%3E%3C%2Fp%3E%0A
FIXTURES

Thursday
Dibba v Al Dhafra, Fujairah Stadium (5pm)
Al Wahda v Hatta, Al Nahyan Stadium (8pm)

Friday
Al Nasr v Ajman, Zabeel Stadium (5pm)
Al Jazria v Al Wasl, Mohammed Bin Zayed Stadium (8pm)

Saturday
Emirates v Al Ain, Emirates Club Stadium (5pm)
Sharjah v Shabab Al Ahli Dubai, Sharjah Stadium (8pm)

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A
The specs

Engine: 2.3-litre, turbo four-cylinder

Transmission: 10-speed auto

Power: 300hp

Torque: 420Nm

Price: Dh189,900

On sale: now

Generation Start-up: Awok company profile

Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

Size: 600 plus

Stage: still in talks with VCs

Principal Investors: self-financed by founder

Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general.