BATA, EQUATORIAL GUINEA // After everything, after the rush to get facilities ready, after the complaints over hotels and pitches, after the controversies over refereeing and after the violence of Thursday’s semi-final, the 30th African Cup of Nations has a worthy final.
If it is not a final between the two best teams in Africa, it is at least one between the two teams who are playing the best football, two teams who have beaten the best team in the tournament.
After Ivory Coast had beaten Algeria in the quarter-final, their coach, Herve Renard, acknowledged that his side had eliminated the best team in the tournament.
Algeria arrived with high expectations following a fine World Cup and qualifying series – if perhaps cursing the switch of venue away from Morocco, given no north African side other than Egypt has won the tournament outside of north Africa.
But they were undone by Ivorian diligence and potency on the break.
Renard, who is looking to become the first coach to win the tournament with two different countries, has benefited from the post-golden generation ennui and has created a side that plays like his Zambia did in winning the Cup of Nations three years ago.
Since 2006, Ivory Coast have struggled to live up to their billing as a golden generation, losing in two finals, a semi-final and two quarter-finals. Only four of that 2006 squad remain, though, and one of them is the reserve goalkeeper Boubacar Barry.
There is a sense now that the Ivorians no longer have to impose themselves on every game – now they are not the golden generation, with the likes of Didier Drogba, Didier Zokora and Emmanuel Eboue having departed, they do not have to play golden football.
The process of “renovation”, as Renard has put it, has brought pragmatism and a willingness to play counter-attacking football, which suits their front pair of Wilfried Bony and Gervinho ideally.
Bony wins the ball and holds it up, and is a threat from set pieces, while Gervinho can just run without having to think too much.
There is also a psychological issue, something acknowledged by Kolo Toure, who has had a fine tournament.
He is flanked in a back three by Serge Kanon and Eric Bailly, respectively 21 and 20, and unburdened by the history of failure. Their sense of freshness and optimism has permeated the squad.
Ghana have their own history of failure to overcome.
They were the first great team of African football, but they have not won the Cup of Nations since 1982.
For them, there is a mounting sense of frustration at opportunities missed: defeat in the final in 2010 and two semi-finals since, even if they rather sleepwalked through those latter two tournaments.
Avram Grant, who turned 60 on Friday, has emerged as an unlikely national hero – a status that was only enhanced by his calm amid the trouble in Malabo as Ghana beat the hosts in the second semi-final.
As bottles rained down on the riot shields raised by police to protect players as they emerged from the tunnel, it was Grant who led his team out.
He cut an awkward figure after Ghana’s defeat in their opening game, against Senegal, deflecting criticism of his use of a back three while a bat flitted overhead.
The back four has returned and so, too, has Asamoah Gyan, who missed that opening game through malaria but returned with the late winner against Algeria in the second group game.
A pelvic injury kept the Al Ain striker out of the semi-final, but after three massages a day from a Spanish specialist, he should be fit to start the final.
The climax is a good one, potentially a great one – two giants looking to put right a record of recent failure who have grown into the competition, each with a high-class centre-forward and a popular coach.
It is probably best, though, not to pay too much attention to how the tournament got there.
sports@thenational.ae
Follow us on Twitter at @NatSportUAE
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The National photo project
Chris Whiteoak, a photographer at The National, spent months taking some of Jacqui Allan's props around the UAE, positioning them perfectly in front of some of the country's most recognisable landmarks. He placed a pirate on Kite Beach, in front of the Burj Al Arab, the Cheshire Cat from Alice in Wonderland at the Burj Khalifa, and brought one of Allan's snails (Freddie, which represents her grandfather) to the Dubai Frame. In Abu Dhabi, a dinosaur went to Al Ain's Jebel Hafeet. And a flamingo was taken all the way to the Hatta Mountains. This special project suitably brings to life the quirky nature of Allan's prop shop (and Allan herself!).
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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COMPANY PROFILE
Company name: Letstango.com
Started: June 2013
Founder: Alex Tchablakian
Based: Dubai
Industry: e-commerce
Initial investment: Dh10 million
Investors: Self-funded
Total customers: 300,000 unique customers every month
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COMPANY%20PROFILE
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Abaya trends
The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.
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The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
About Proto21
Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group
The specs: Rolls-Royce Cullinan
Price, base: Dh1 million (estimate)
Engine: 6.75-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 563hp @ 5,000rpm
Torque: 850Nm @ 1,600rpm
Fuel economy, combined: 15L / 100km
UAE currency: the story behind the money in your pockets
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