• Italy players celebrate winning the penalty shoot-out against England in the final of Euro 2020 at Wembley Stadium on July 21, 2021. AP
    Italy players celebrate winning the penalty shoot-out against England in the final of Euro 2020 at Wembley Stadium on July 21, 2021. AP
  • Italy players celebrate winning the penalty shoot-out against England in the final of Euro 2020 at Wembley Stadium on July 21, 2021. PA
    Italy players celebrate winning the penalty shoot-out against England in the final of Euro 2020 at Wembley Stadium on July 21, 2021. PA
  • Italy goalkeeper Gianluigi Donnarumma saves from England's Jadon Sancho during the penalty shootout.
    Italy goalkeeper Gianluigi Donnarumma saves from England's Jadon Sancho during the penalty shootout.
  • England defender Luke Shaw celebrates after scoring.
    England defender Luke Shaw celebrates after scoring.
  • England captain Harry Kane battles for a header with Giorgio Chiellini of Italy.
    England captain Harry Kane battles for a header with Giorgio Chiellini of Italy.
  • Italy goalkeeper Gianluigi Donnarumma is beaten by Luke Shaw's early strike.
    Italy goalkeeper Gianluigi Donnarumma is beaten by Luke Shaw's early strike.
  • Italy manager Roberto Mancini with his England counterpart Gareth Southgate in the background.
    Italy manager Roberto Mancini with his England counterpart Gareth Southgate in the background.
  • England midfielder Kalvin Phillips fights for the ball with Italy's Federico Chiesa.
    England midfielder Kalvin Phillips fights for the ball with Italy's Federico Chiesa.
  • Luke Shaw scores for England.
    Luke Shaw scores for England.
  • Leonardo Bonucci taps home for Italy.
    Leonardo Bonucci taps home for Italy.
  • England goalkeeper Jordan Pickford talks to his teammates during the first half.
    England goalkeeper Jordan Pickford talks to his teammates during the first half.
  • England fans at Wembley.
    England fans at Wembley.
  • England celebrate after Luke Shaw's goal.
    England celebrate after Luke Shaw's goal.
  • England manager Gareth Southgate consoles Jadon Sancho following defeat at Wembley.
    England manager Gareth Southgate consoles Jadon Sancho following defeat at Wembley.
  • Italy's Matteo Pessina with the trophy.
    Italy's Matteo Pessina with the trophy.

Old warriors Bonucci and Chiellini lead Italy to Euro 2020 win over England


Ian Hawkey
  • English
  • Arabic

Leo Bonucci won the scrabble for the loose ball, close to the England goal line. Then he won the high jump. Having poked in the equaliser, Bonucci sprinted to the crowd, leapt up on the barrier separating spectators from pitch. He balanced there, holding his warrior pose.

Outnumbered hugely in the crowd, Italy’s few thousand away fans saw in that tableau that a proud, long record of matches without defeat had a determined protector. Bonucci is a veteran of well over 100 caps. He was not ready to let the early ambush England prepared for the Euro 2020 final go by without an answer, although it took patience, hard graft and some strategic rethinks for Italy to work their way back into a gripping contest.

Bonucci would later score his penalty in the shootout, a cruel device by which to decide a final, and especially cruel when a teenager is the luckless man whose spot-kick is saved in the final action of an entire tournament. Sympathy will abound for Bukayo Saka, and respect swell for an Italy who are now unbeaten in 34 matches.

Bonucci is 34, still remembers with pain the disappointment of his previous European championship final, when Italy, as he put it, were “exhausted” by Spain in a 4-0 thrashing in Kiev nine summers ago.

He has known other lows as an Azzurri legend, like the failure to reach the last World Cup. He had heard it murmured that his 12-year-partnership with Giorgio Chiellini at the heart of Italy’s defence might be their weakness against the darting Raheem Sterling, the drifting Harry Kane.

Bonucci and Chiellini have a combined age of 70, which is enough years to pose questions over their stamina and turn of speed. Chiellini certainly knew it would be examined when he grasped at Saka’s shirt as Saka threatened to sprint clear of him in the last minute of normal time. Yet Chiellini rightly backed himself to reach the ball first as Sterling danced towards the Italy six-yard box in the second half of extra-time.

But it was not so much Italy’s readiness to last through a long, nervy night in rainy London as their alertness at the start of it that had set up a final of tantalising ebb and flow.

Through much of the afternoon, once news had leaked that Gareth Southgate, the England manager, had decided once again to alter a winning line-up, the voices of critics would be heard louder and louder. Three-at-the-back, a system previously used only in the last-16 match against Germany during England’s progress through the tournament, can be interpreted as cautious.

Yet it took under two minutes for England to establish that the change from a back-four meant fresh potency, and a goal-making alliance few would have anticipated. Kieran Trippier, the player brought in at right wing-back, would enjoy freedom and space through the first half, and acres of it in his first safari up the pitch. His cross, unimpeded by a marker, picked out the left wing-back, Luke Shaw, whose half-volley put England on the front foot startlingly early.

A surprise ambush? In every respect, not only because one wing-back had supplied the pass for the other to score, in the identity of the scorer. It was Shaw’s first international goal, and quite a moment for a footballer who has endured punishing ups and downs, including devastating injury since he was identified, by Southgate among others, as brilliantly precocious.

Shaw turns 26 on Monday. It will be a birthday of many regrets. But he and Saka and all this bright England team can look forward with hope. Because of the disjointed international schedule, and delays caused by the global pandemic, the wait for the next major tournament is unusually short. The 2022 World Cup begins in 497 days.

That makes momentum absolutely relevant. Both managers from the final will believe they have that, and have strength in depth to maintain that momentum through the inevitable aches, strains and absences that a demanding club calendar will present. They also know that they do not need an array of superstars, but a sound team ethic, some flexibility, and the strength to recover from setback to conquer the big prizes.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

Dates for the diary

To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:

  • September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
  • October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
  • October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
  • November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
  • December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
  • February 2, 2018 Bodytree will host its 4th annual yoga market.

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

UAE currency: the story behind the money in your pockets
Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

The specs: 2018 Mercedes-Benz E 300 Cabriolet

Price, base / as tested: Dh275,250 / Dh328,465

Engine: 2.0-litre four-cylinder

Power: 245hp @ 5,500rpm

Torque: 370Nm @ 1,300rpm

Transmission: Nine-speed automatic

Fuel consumption, combined: 7.0L / 100km

MATCH INFO

First Test at Barbados
West Indies won by 381 runs

Second Test at Antigua
West Indies won by 10 wickets

Third Test at St Lucia
February 9-13

 

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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.”

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

Updated: July 12, 2021, 7:23 AM