Thomas Vermaelen celebrates scoring Arsenal's winner against Newcastle United.
Thomas Vermaelen celebrates scoring Arsenal's winner against Newcastle United.

Arsene Wenger's tribute to Theo Walcott after Arsenal victory



Arsene Wenger believes Theo Walcott is emerging as a key figure in Arsenal's fight to finish third in the Premier League.

The England winger provided vital assists for both his team's goals in their 2-1 victory over Newcastle United that moved Wenger's side to within one point of third-placed Tottenham.

Robin van Persie struck the first in the 14th minute from Walcott's cross to claim his 33rd goal of the season to cancel out Hatem Ben Arfa's goal a minute earlier for Newcastle.

Thomas Vermaelen then swept in the stoppage time winner for Wenger's men from Walcott's centre for their fifth successive win

Van Persie has been the dominant figure throughout the Gunners' campaign thanks to his goalscoring exploits, Wenger insists Walcott is playing an equally important role.

The Arsenal manager said: "I think people forget about Theo because he is so long in the spotlight that people forget he is 23 years old and he is now getting to an age where you perform.

"It's as simple as that. He develops well because he is intelligent and I feel tactically and technically tonight he played a complete game."

Of the victory, Arsenal's second to be won by a goal in the 90th minute in the space of nine days, Wenger added: "I believe it shows we have quality, we have spirit which I never questioned.

"We had relentless effort from the first to the last minute. The tempo was absolutely top level and kept going until the last second of the game. And certainly the fact we have done that before helped.

"We just kept going and you feel that in the team we have that complete and total commitment to do whatever we can.

"We played recently against Tottenham, Liverpool, Newcastle, and at Sunderland who are difficult to beat.

"It was tight every time, we won in the last minute at Sunderland, at Liverpool and against Newcastle. What is at stake is complete commitment from every single game and see where we finish."

Van Persie kick-started the recovery after Hatem Ben Arfa had put Newcastle ahead in the 14th minute and was involved in an ongoing argument with visiting keeper Tim Krul that threatened to spill over after the final whistle.

The manager said: "I don't know if it is history from Holland or today's story? I haven't spoken to him yet but I am happy he stayed yellow and didn't turn red.

"He is absolutely committed. He gave absolutely everything tonight and got us an equaliser."

Newcastle have now gone four games without a win and manager Alan Pardew admitted the defeat had ended their hopes of forcing their way into the top four.

Pardew's side lie sixth and are now targeting a Europa League spot.

And the manager said: "You couldn't fault the commitment but we must not let the disappointment of that last minute goal get to us because we have a lot to play for still.

"I'd billed this game for the Champions League we needed to win it, a draw was no good for us, we aren't going to get there, we could make the Europa League and we have to try and win on Saturday and keep our noses in front in that position."

Pardew admitted his side had run out of steam in the final minutes and blamed the winning goal on an injury to right back Danny Simpson.

He said: "Obviously we are very disappointed because we had the ball in their corner in the 94th minute I think it was.

"We had a few problems towards the end of the game. We lost Cheick Tiote to cramp, Danny Simpson had an injury but we had no subs left and we were struggling. And in the end Danny's recovery just couldn't get him back and we conceded the goal."

Sustainable Development Goals

1. End poverty in all its forms everywhere

2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

3. Ensure healthy lives and promote well-being for all at all ages

4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

5. Achieve gender equality and empower all women and girls

6. Ensure availability and sustainable management of water and sanitation for all

7. Ensure access to affordable, reliable, sustainable and modern energy for all

8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation

10. Reduce inequality  within and among countries

11. Make cities and human settlements inclusive, safe, resilient and sustainable

12. Ensure sustainable consumption and production patterns

13. Take urgent action to combat climate change and its effects

14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

17. Strengthen the means of implementation and revitalise the global partnership for sustainable development

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
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Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

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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.”

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022