Arsenal's French manager Arsene Wenger, left, and Arsenal's French defender Laurent Koscielny look out from an open top bus during the Arsenal victory parade in London on May 31, 2015, following their win in the English FA Cup final. AFP PHOTO / LEON NEAL
Arsenal's French manager Arsene Wenger, left, and Arsenal's French defender Laurent Koscielny look out from an open top bus during the Arsenal victory parade in London on May 31, 2015, following theirShow more

Arsene Wenger says ‘We would not get involved’ in transfer bidding wars for Paul Pogba or Gareth Bale



Arsene Wenger will not enter the race for the most expensive stars in Europe this summer.

His Arsenal team played some of the best football of the season on Saturday when they hammered Aston Villa 4-0 to retain the FA Cup.

Talk inevitably turned to the Gunners’ title chances after such an impressive showing at Wembley.

Despite finishing 12 points behind Premier League winners Chelsea last season, Wenger insists his team can challenge for top spot next term.

New additions will be necessary but, as Wenger acknowledges, Arsenal’s rivals will spend big in the close season in order to cement their own pushes for the title.

The likes of Paul Pogba and Gareth Bale could be on the move, but Wenger will not bid for such stars as he believes they would not represent value for money.

“We would not get involved at that level for financial reasons,” the Arsenal manager said.

“People forget that for years we had to sell our best players and that was a very difficult period. That is the reality.

“Since we are buying again, we are slowly coming back to a more competitive level.

“You speak maybe about stratospheric numbers where we will not be involved.”

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As Wenger points out, after several years of budget restriction that was necessary to fund their new stadium, Arsenal have started to spend again in recent years.

Wenger paid a club-record £42.5million for Mesut Ozil and last summer he parted with £30million to sign Alexis Sanchez from Barcelona.

The Chilean showed his quality with a fine finish at Wembley on Saturday, but Wenger was quick to point out that Santi Cazorla, a £15million signing from Malaga three years ago, excelled, setting up Theo Walcott and Per Mertesacker for their goals.

Wenger has always maintained that splurging money is not always the answer and it seems nothing will persuade him to change his point of view.

“Today Santi Cazorla has been voted man of the match,” Wenger said.

“I think he has not cost £150million.

“(Francis) Coquelin was one of the best players on the pitch. You have to always look at the real quality of people.

“I am not against spending money. I have shown that recently. But I want a good rapport between price and quality. I’m always more focused on quality.”

Manchester City are thought to be the leading contender to land Pogba, who is valued at around £60million after an excellent year with Champions League finalists Juventus.

Manchester United, meanwhile, would be interested in signing Bale, but Real Madrid will want to recoup the £85.3million they spent on the Welshman two years ago if they decide to sell.

“Man City, Liverpool will buy. Tottenham will buy. I don’t know how good these teams will be,” Wenger added.

What Wenger is sure of is that his squad is stronger mentally than they were at the start of the season.

The Gunners won three of their opening eight games, but looked like genuine title challengers in the opening stages of 2015 before Chelsea closed out the title.

“Mentally we are stronger,” Wenger added. “I think we have seen that since January.

“We have made progress on the mental side and on mastering our games and on being less naive and better balanced and knowing what to do. It is intelligence.

“We have to show we want to do it (win the league). I feel that we have moved forward and people think always it’s about buying but it’s as well about cohesion and cohesion is a very important factor that is usually a bit underrated by people.

“We have to keep that cohesion and maybe add quality. But the quality we have to add is in short numbers. But the other teams - how good will Chelsea be? Who will they buy? I don’t know.”

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5

 

 

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

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MATCH INFO

Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')

Man of the match Son Heung-min (Tottenham)

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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Uefa Champions League last 16, first leg

Liverpool v Bayern Munich, midnight, Wednesday, BeIN Sports

The%20specs
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The specs
Engine: 3.0-litre twin-turbo flat-six

Power: 480hp at 6,500rpm

Torque: 570Nm from 2,300-5,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 10.4L/100km

Price: from Dh547,600

On sale: now 

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The Cairo Statement

 1: Commit to countering all types of terrorism and extremism in all their manifestations

2: Denounce violence and the rhetoric of hatred

3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC  

4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.

5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.

6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security

UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE%20
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The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

COMPANY%20PROFILE
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'Nope'
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APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.
The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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