Atletico's Simao, right, and Real's Sergio Ramos go up for the ball in November's derby.
Atletico's Simao, right, and Real's Sergio Ramos go up for the ball in November's derby.
Atletico's Simao, right, and Real's Sergio Ramos go up for the ball in November's derby.
Atletico's Simao, right, and Real's Sergio Ramos go up for the ball in November's derby.

Atletico's Jekyll and Hyde XI


Andy Mitten
  • English
  • Arabic

Which Atletico Madrid is going to show up tonight for Spain's capital derby at neighbours Real Madrid? Will it be the Atletico side who inflicted Barcelona's only league defeat of the season so far by playing an incisive pressing game and making the most of brilliant attackers such as Diego Forlan, Simao, Jose Antonio Reyes and Sergio Aguero?

They hammered Valencia 4-1 in their next home game last month and have moved up the Primera Liga to a season high of eighth. Atletico have reached the Copa del Rey final and are in the quarter finals of the Europa League after a recent away-goals victory over Sporting Lisbon. The only Spanish team still in three competitions, their campaign could turn out one of biggest surprises of all. Or will it be the Atletico who won just one of their first 11 league games and laboured in 18th place by November?

The side who worked through another two coaches last year and have won just two away games in the league this term? They were humbled 4-1 by home win specialists Mallorca in their last outing. Iker Casillas, the Real goalkee-per, was not being unreasonable yesterday when he opined: "Atletico are unpredictable. They are capable of playing the best football around. "They've pulled through in their decisive games this season. The three points at stake are vital to us to continue aspiring to win the league."

Even Diego Forlan, Atletico's top scorer every season since he signed from Villarreal three years ago, admitted: "Real Madrid are stronger in defence than us. "Their defenders are playing at a very high level despite the injury of Pepe [the Portuguese centre-back." November's derby between the two giants - the first and third best supported teams in Spain - was a classic, with Real charging into a 3-0 lead, before Atletico ensured a dramatic end to the game with two quick goals with 10 minutes remaining.

While Atletico do very well against Barcelona at home, they usually lose home and away to the giants from the north of the city. Real's peerless home form should also be considered. Manuel Pellegrini's side have won all 14 league matches at the Bernabeu so far. Chasing an 11th straight league win, Real have amassed a club record 71 points after 28 games. "Our numbers are truly impressive," said Casillas. "I have won a league title with 78 points. We only have seven less than that right now with 10 more games to go. Our numbers are similar to Barcelona's. The team who avoid mistakes will win the title."

It has not been a flawless week for Real, however. Casillas was contrite after his outburst during Thursday night's 4-2 win over Getafe which kept Real and Barca on equal points at the top of the league. The pair meet at the Bernabeu in two weeks in what will be the most eagerly anticipated clasico in years. Casillas had been outraged after Getafe's Daniel Parejo robbed him of the ball and scored in an empty net. The Spain goalkeeper charged out to remonstrate with the referee, who correctly waved away his pleas.

Later, in the cold spring light of the Madrid day, Casillas said: "When you dedicate yourself to this sport there are some heated moments and yesterday was one of them. I have nothing to complain about with regard to Parejo. "He did what he had to do and he wasn't at fault at all." Tonight, Real are likely to be without Kaka, the Brazilian playmaker, and Karim Benzema, the French striker, with both expected to be fit next week after injuries.

The pair are both sidelined with groin injuries. "They are two important players for us and their quality is unquestionable," said Pellegrini. Real still have the strength in depth to beat anyone. Atletico? Who knows? sports@thenational.ae Real Madrid v Atletico Madrid, 11pm, Aljazeera Sport +2 & +3

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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

The biog

Occupation: Key marker and auto electrician

Hometown: Ghazala, Syria

Date of arrival in Abu Dhabi: May 15, 1978

Family: 11 siblings, a wife, three sons and one daughter

Favourite place in UAE: Abu Dhabi

Favourite hobby: I like to do a mix of things, like listening to poetry for example.

Favourite Syrian artist: Sabah Fakhri, a tenor from Aleppo

Favourite food: fresh fish

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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 
Specs%20
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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Company%20profile
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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.”

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Three trading apps to try

Sharad Nair recommends three investment apps for UAE residents:

  • For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
  • If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
  • Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”