Alexander Kerzhakov and Zenit St Petersburg have reached the knockout stages of the Champions League for the first time.
Alexander Kerzhakov and Zenit St Petersburg have reached the knockout stages of the Champions League for the first time.
Alexander Kerzhakov and Zenit St Petersburg have reached the knockout stages of the Champions League for the first time.
Alexander Kerzhakov and Zenit St Petersburg have reached the knockout stages of the Champions League for the first time.

Alexander Kerzhakov ready to make history with Zenit St Petersburg


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Alexander Kerzhakov, the Zenit St Petersburg striker, does not think the sub-zero temperatures in Russia will give his side an advantage in their Champions League clash with Benfica.

Thermometers are set to drop to minus 15°C at the Petrovsky Stadium tonight, with the freezing conditions likely to affect the visiting team more than the hosts.

Zenit booked their place in the knockout stages for the first time in their history with a goalless draw against Porto and will go in search of another Portuguese scalp in their last 16 tie.

However, Benfica will be tough opponents after they topped a group which contained Manchester United, who were knocked out of the competition thanks in part to the 2-2 draw at home to the Lisbon side.

Despite this, Kerzhakov is confident the Russian Premier League champions can get a result, with their only advantage in the testing conditions a packed stadium of home support.

"Basically, the weather conditions are the same for everybody. I wouldn't talk about that as being an advantage. The fact that we're playing at home, and that the stadium will be full - that's where our advantage lies.

"We've probably had to play in weather like this more often than our opponent has but I don't think that's an advantage for us."

Zenit's Portuguese attacking midfielder Danny will miss the clash after being ruled out for the rest of the campaign with ruptured knee cruciate ligaments, with 20-year-old Maksim Kanunnikov set to take his place.

Kerzhakov, who has scored 16 goals in 22 league appearances this season, said he hoped his side would win the game for the club's supporters.

"We have to play both for ourselves and for all the fans who are writing this history together with us as this is just as important for them as it is for us," Kerzhakov said.

Arsene Wenger, the Arsenal manager, says that Kieran Gibbs is “physically and mentally ready” to return to the side against AC Milan tonight.

Injuries have restricted the England international to nine club appearances so far this season and he has not played since a 2-1 win over Sunderland on October 16.

Thomas Vermaelen has filled in at left back in the absence of Gibbs and Andre Santos, but the Belgian is likely to return to his familiar central role against Milan now that Per Mertesacker has been ruled out.

Gibbs is the obvious candidate to start on the left, and Wenger has no qualms about handing the 22 year old his comeback in such a big game.

“To be a player is to come in and show how good you are when you get your chance,” the manager told Arsenal.com.

“I believe physically and mentally he is ready. But if I start him, which is not decided yet, I do not want to put too much pressure on him because we want a good team performance. Gibbs is a good player.

“I will find the most natural [solution], which means I will put Vermaelen back in the middle. Gibbs looks to be ready so I might look to start him but I have not decided completely yet.”

Wenger also said the first knockout round of the Champions League will tell us plenty about the relative strengths of the Premier League and Serie A.

Italy have the most representatives in the last 16 of the competition with Milan facing Arsenal, Napoli taking on Chelsea and Inter Milan up against Marseille.

“Of course you can make comparisons between the two leagues,” he said. “Let’s not forget that Napoli already knocked Man City out of the Champions League and we already knocked Udinese out.

“They are one of the better teams in the league. So yes, comparisons can be made after these games.”

And the French manager said the two clubs facing each tonight are very similar.

“They have the same philosophy, that means they look after their players, they have a family attitude towards the way they treat the players, and we have exactly the same,” he said.

“They do it by keeping their players a bit longer and we have done it with some younger players but basically the philosophy is not so different.”

Vermaelen is expecting a “special night” at the San Siro.

“We are all really excited,” Vermaelen told the club’s official website. “It is a big game – an important one too – so it’s a good one to look forward to. For everybody it will be special so it will be a great evening.

“The San Siro is a great stadium of course and it will be a great evening. I think it is probably the best game of the round and a lot of people will be watching.”

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Fixtures

Tuesday - 5.15pm: Team Lebanon v Alger Corsaires; 8.30pm: Abu Dhabi Storms v Pharaohs

Wednesday - 5.15pm: Pharaohs v Carthage Eagles; 8.30pm: Alger Corsaires v Abu Dhabi Storms

Thursday - 4.30pm: Team Lebanon v Pharaohs; 7.30pm: Abu Dhabi Storms v Carthage Eagles

Friday - 4.30pm: Pharaohs v Alger Corsaires; 7.30pm: Carthage Eagles v Team Lebanon

Saturday - 4.30pm: Carthage Eagles v Alger Corsaires; 7.30pm: Abu Dhabi Storms v Team Lebanon

MATCH INFO

Euro 2020 qualifier

Fixture: Liechtenstein v Italy, Tuesday, 10.45pm (UAE)

TV: Match is shown on BeIN Sports

Company%20Profile
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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.”

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Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

EPL's youngest
  • Ethan Nwaneri (Arsenal)
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Last-16 Europa League fixtures

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

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The specs: 2018 BMW X2 and X3

Price, as tested: Dh255,150 (X2); Dh383,250 (X3)

Engine: 2.0-litre turbocharged inline four-cylinder (X2); 3.0-litre twin-turbo inline six-cylinder (X3)

Power 192hp @ 5,000rpm (X2); 355hp @ 5,500rpm (X3)

Torque: 280Nm @ 1,350rpm (X2); 500Nm @ 1,520rpm (X3)

Transmission: Seven-speed automatic (X2); Eight-speed automatic (X3)

Fuel consumption, combined: 5.7L / 100km (X2); 8.3L / 100km (X3)

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