All that glitters is not gold as Carmelo Anthony has proved


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Since New York still fancies itself as the media centre of the universe, it came as no surprise that, when the Knicks acquired Carmelo Anthony last month, all the focus was on The City That Never Sleeps.

Anthony was the one superstar in the 13-player trade with Denver, that also included the Minnesota Timberwolves. He was the man who made the trade happen.

Also, Anthony was teaming up with fellow megastar Amar'e Stoudemire to give the Knicks two of the NBA's leading scorers.

The fact the poor Nuggets were forced to trade their one superstar was nearly a basketball afterthought amid the hoopla heralding the arrival of Anthony in New York.

But only a month later, it is the Nuggets who are rolling. They are 12-4 since the trade and have climbed from seventh to fifth in the Western Conference.

The Knicks? They have gone 7-12 since Anthony arrived, have lost six consecutive games, and won one in their last 10 to fall to 35-38.

"Tough times,'' Anthony said.

Especially for fans as the Knicks have already announced they are raising season-ticket prices by 49 per cent next season.

While Anthony has struggled to blend into his new coach Mike D'Antoni's up-tempo style, the Nuggets have thrived without a main man. There is no star in Denver. Just a team.

They have eight players averaging double figures in points. They have 12 players averaging double-figures in minutes played. With Anthony, ball movement often died in his hands.

Now there is more and crisper passing. They are a quicker, seemingly more attentive, team. Defence has never been an Anthony strong suit, and now the Nuggets have tightened up.

"The difference is we have a different team,'' JR Smith, the guard, said. "It's every man taking care of each other.''

What the Nuggets do not have is that player whose hands you want the ball in during the game's decisive moments, but for now they are winning by sharing the wealth.

"People are just going out and being who they are,'' Kenyon Martin of Denver said. "Guys utilising their talents to the best of their abilities.''

Dare it be said? The Nuggets are better without Anthony. It is still early to be making a final judgement on the trade itself.

Said Jerry West, the former Lakers star player and team executive, on the early results: "[The Knicks] got not only Carmelo, they got a tremendous player in Chauncey Billups ... To me it's understandable that they wouldn't come in and burn the house down as far as winning games.''

Except, of course, the Nuggets are.

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Reputation

Taylor Swift

(Big Machine Records)

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Match info

UAE v Bolivia, Friday, 6.25pm, Maktoum bin Rashid Stadium, Dubai

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Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press

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

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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MATCH INFO

Uefa Champions League, last 16, first leg

Liverpool v Bayern Munich, midnight (Wednesday), BeIN Sports

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
COMPANY%20PROFILE
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Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

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Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The biog

Favourite Quote: “Real victories are those that protect human life, not those that result from its destruction emerge from its ashes,” by The late king Hussain of Jordan.

Favourite Hobby: Writing and cooking

Favourite Book: The Prophet by Gibran Khalil Gibran

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

RIDE%20ON
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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
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GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

About Okadoc

Date started: Okadoc, 2018

Founder/CEO: Fodhil Benturquia

Based: Dubai, UAE

Sector: Healthcare

Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth

Funding stage: Series B fundraising round to conclude in February

Investors: Undisclosed

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.