Ever Banega, right, is still just 21-years-old and has time on his hands.
Ever Banega, right, is still just 21-years-old and has time on his hands.

Banega harnesses his bad side



Bad is the new good. Bad is a state of mind and your ticket to survival. Ever Banega knows "bad". He understands it, he lives it. How could he not? Growing up in the Barrio Saladino, one of the toughest neighbourhoods in Rosario, Argentina, it was never far away. He played football with guys who taped knives inside their shorts "just in case" and others with wads of cash stuffed into their socks.

That was not what made him bad. But that is what helped him embrace "badness", turning it into his own personal weapon, albeit a double-edged one. The scouts at Boca Juniors loved the edge he brought to everything. "Banega is a nastier version of Rino Gattuso with the touch and vision of Andrea Pirlo," his president Mauricio Macri said, shortly after Banega made his debut at the age of 18. At the time, Macri was trying to sound out potential interest among Serie A clubs: some scoffed at his assessment. Banega made them eat their words.

In his debut season, he went straight into the first team, taking over the reins of the midfield and providing the steel and muscle to balance out the genius of the returning hero, Juan Roman Riquelme. Boca finished second in the Clausura championship, but ended the season on a high, winning the Copa Libertadores. But Banega was not done. A week later he was in Canada, drafted into the Argentina Under 20 World Cup squad.

He lined up alongside the likes of Sergio Romero, Federico Fazio, Sergio Aguero and Angel Di Maria, all of whom have since won full international caps, just like him. Argentina soared through the tournament and, while the headlines belonged to Aguero, many saw Banega as the man who held it all together. By this point, he was one of the hottest commodities in South America. Boca knew they could not keep him for long, but he promised he would stick around long enough to lead the side out at the World Club Championships in Tokyo later that year.

After all, few players his age combined quality and quantity the way he did. The only blemish? Bookings. Banega collected 13 yellow cards in his 27 outings for Boca. Way too many. "If he keeps getting booked, he'll get suspended and, if he's not playing, he's of no use to us," said Macri. It was meant as a warning but, evidently, the message did not get through. In October 2007, in the derby against River Plate, he was sent off for two nasty challenges in the first half.

Later that night, he was seen out clubbing in Buenos Aires. Boca were furious and demanded that he apologise to his teammates. "They can forget about an apology. This is who I am, this is what I do, if they don't like it, they can sell me," Banega said. He was banished to the youth team for a week before being called back. "I'm not here to educate Mr Banega, I'm here to run a football club," Macri said.

That January, he moved to Valencia for US$22 million (Dh80.8m). Things did not get off on the right foot (a compromising video, allegedly featuring Banega, surfaced on the web) and they soon went from bad to worse. The Primera Liga was a culture shock. He lasted 90 minutes just three times in the second half of the 2007-08 season. Valencia knew they had something special on their hands, but he needed a change of scenery to avoid the risk of burn-out.

So he was loaned to Atletico Madrid. Again, after a promising beginning, the wheels came off. He made just five league starts. The steel was still there, but with it was an undisciplined streak which rendered his efforts vain. The "bad" was showing all its ugliness, and Atletico sent him back in the summer. Cash-strapped Valencia tried to sell him, but found no takers at an acceptable price. And so they were stuck with him, for better or worse.

But then something strange happened. He flourished in his second tour of duty at the Mestalla. Maybe it was the realisation that it was time to put his career back on track. Maybe it was new manager Unai Emery. Maybe it was the fact that he learned to finally harness the "bad", just as he had done at Boca. Whatever the case may be, Banega has been one of the brightest central midfielders in the Primera Liga this year.

He is enjoying his football, he is creating for teammates and giving opponents nightmares. He is not quite Gattuso and Pirlo rolled into one, but he is not that far off. And he is still just 21-years-old. Maybe all that bad produced a heck of a lot of good after all. Athletic Bilbao v Valencia, midnight tomorrow, Aljazeera Sport +2

Herc's Adventures

Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

The specs: 2018 Ford Mustang GT

Price, base / as tested: Dh204,750 / Dh241,500
Engine: 5.0-litre V8
Gearbox: 10-speed automatic
Power: 460hp @ 7,000rpm
Torque: 569Nm @ 4,600rpm​​​​​​​
​​​​​​​Fuel economy, combined: 10.3L / 100km

Hunger and Fury: The Crisis of Democracy in the Balkans
Jasmin Mujanović, Hurst Publishers

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.”

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now 

LIVERPOOL TOP SCORERS

(Premier League only)
Mohamed Salah 129
Robbie Fowler 128
Steven Gerrard 120
Michael Owen 118
Sadio Mane 90

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September

MATCH INFO

Manchester City 3
Danilo (16'), Bernardo Silva (34'), Fernandinho (72')

Brighton & Hove Albion 1
Ulloa (20')

Five ways to get fit like Craig David (we tried for seven but ran out of time)

Start the week as you mean to go on. So get your training on strong on a Monday.

Train hard, but don’t take it all so seriously that it gets to the point where you’re not having fun and enjoying your friends and your family and going out for nice meals and doing that stuff.

Think about what you’re training or eating a certain way for — don’t, for example, get a six-pack to impress somebody else or lose weight to conform to society’s norms. It’s all nonsense.

Get your priorities right.

And last but not least, you should always, always chill on Sundays.

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

MATCH DETAILS

Barcelona 0

Slavia Prague 0

Company Profile

Company: Astra Tech
Started: March 2022
Based: Dubai
Founder: Abdallah Abu Sheikh
Industry: technology investment and development
Funding size: $500m

MATCH INFO

Liverpool 3

Sadio Man 28'

Andrew Robertson 34'

Diogo Jota 88'

Arsenal 1

Lacazette 25'

Man of the match

Sadio Mane (Liverpool)

Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

In numbers

Number of Chinese tourists coming to UAE in 2017 was... 1.3m

Alibaba’s new ‘Tech Town’  in Dubai is worth... $600m

China’s investment in the MIddle East in 2016 was... $29.5bn

The world’s most valuable start-up in 2018, TikTok, is valued at... $75bn

Boost to the UAE economy of 5G connectivity will be... $269bn 

SQUADS

UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

<html><head><meta http-equiv="Content-Type" content="text/html" charset="UTF-8" /></head><body><!--PSTYLE=* Labels:FH Label 18 Exclusive--><p>EXCLUSIVE</p></body></html>
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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