Arsenal turn from failures to title favourites in 90 mesmerising minutes


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If ever there was a way to send a message to both your rivals and your critics then this was it. In 90 minutes, Arsenal dispelled the notion, bandied about in many pre-season predictions, that they are destined to battle for fourth place this season with a 6-1 walloping of Everton at Goodison Park. In fact, six goals, three in either half and a mesmerising display of passing football against an Everton side in the wrong place at the wrong time would suggest that Arsene Wenger's side are more likely to be focusing on the teams who finished above them last season.

The Frenchman rightly played down the significance of the mammoth scoreline, but Arsenal's potency in front of goal - there were five different scorers - was particularly impressive, considering the club sold their leading front man Emmanuel Adebayor to Manchester City in the summer. "We have lost two good players, two great players [in Kolo Toure and Adebayor] in the summer to Manchester City, but when great players leave that allows space for other players to come in and prove they are good enough," said Wenger.

"People have been writing us off. But what is important is not what others say, but what we do. "From being told we were not competitive before the game to now being told that we are super-favourites is strange. But it is right to say that this is just the first game and we aim to continue to give our best. "Everybody in our team can score goals and everybody likes to go forward so when things go for us, anyone can score."

From the moment Brazilian midfielder Denilson curled home a 25-yard effort after 26 minutes, it was one-way traffic. Arsenal were running rings around an Everton side shorn of their playmaker, Mikel Arteta, who is yet to recover from a serious knee injury. Defenders Thomas Vermaelen, on his debut, and William Gallas headed home free-kicks as the Gunners went in three up at the break. Particularly relevant though was the contribution of Cesc Fabregas. With so much resting on the young Spaniard this season, he turned in a true captain's display, setting up two and scoring the fourth and fifth goals, slipping the ball under Tim Howard just two minutes into the second period before a run and shot from the edge of the box made it five.

He celebrated by holding up an shirt with the name of Jarque on it, the Espanyol captain and fellow Catalan who died of a heart attack last week. Another poignant moment was a goal for the Croatian striker Eduardo, on his first league start for 18 months following his horrific double leg break, before Louis Saha's consolation. For Arsenal, there is no time to bask in the glory of this demolition of potential rivals for a Champions League spot - they face Celtic tomorrow in the final qualifier for this season's competition.

"It is a big game for us and we know we need a positive performance," added Wenger. For Everton manager David Moyes, a Europa League qualifier at home to Croatian side Sigma Olomouc on Thursday gives his men the chance to forget this mauling quickly. "You deal with it and you move on so we'll look it at it and try to do better next time. We have to pick ourselves up quickly," he said. twoods@thenational.ae

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Pox that threatens the Middle East's native species

Camelpox

Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.

Falconpox

Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.

Houbarapox

Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.

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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GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

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RESULT

Manchester City 1 Sheffield United 0
Man City:
Jesus (9')

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Thursday December 27

Men's quarter-finals

Kevin Anderson v Hyeon Chung 4pm

Dominic Thiem v Karen Khachanov 6pm

Women's exhibition

Serena Williams v Venus Williams 8pm

Friday December 28

5th place play-off 3pm

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Rafael Nadal v Anderson/Chung 5pm

Novak Djokovic v Thiem/Khachanov 7pm

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3rd place play-off 5pm

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Capernaum (Lebanon)

Cold War (Poland)

Never Look Away (Germany)

Roma (Mexico)

Shoplifters (Japan)

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Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')

Man of the match: Christopher Schindler (Huddersfield Town)

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RESULT

Bayern Munich 0 AC Milan 4
Milan: Kessie (14'), Cutrone (25', 43'), Calhanoglu (85')

The Saga Continues

Wu-Tang Clan

(36 Chambers / Entertainment One)

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