Guangzhou Evergrande head coach Luiz Felipe Scolari smiles during his team's Club World Cup quarter-final match against Club America on Sunday. Kazuhiro Nogi / AFP / December 13, 2015
Guangzhou Evergrande head coach Luiz Felipe Scolari smiles during his team's Club World Cup quarter-final match against Club America on Sunday. Kazuhiro Nogi / AFP / December 13, 2015

‘Barcelona have 25 Neymars’: Guangzhou’s Scolari under no illusion about Barca task



Guangzhou Evergrande coach Luiz Felipe Scolari has warned Barcelona to expect a battle in Thursday's Club World Cup semi-final in Yokohama.

“Barcelona are one of the best teams on the planet, everybody knows that,” the Brazilian told reporters on Wednesday. “But my players have the heart and the desire to make a game of it and I expect them to show that tomorrow.”

Barca forward Neymar is likely to miss the clash with a groin strain but Scolari insisted the Brazilian’s absence would make little difference.

“Neymar is one of the top three players in the world,” said the former Brazil coach, whose Evergrande side upset Mexico’s Club America 2-1 in the quarter-finals at the weekend.

“He has the potential to be the best player in the world in the next five years but Barcelona have 25 Neymars. They have quality in every position.

“They have (Lionel) Messi, (Luis) Suarez, (Andres) Iniesta, the list goes on – players who can hurt you everywhere,” he added. “It will be a huge challenge but one we relish.”

Scolari, known as “Big Phil” in his native Brazil, has fond memories of Yokohama, having led this country to their fifth World Cup triumph here in 2002 when they beat Germany 2-0 in the final.

“When we arrived on the bus today I had some nice flashbacks to that time,” said Scolari. “It’s a place which has great significance for Brazil. But that chapter of my life is over so let’s see what happens.”

Scolari compared Barca’s devastating “MSN” strike-force of Messi, Suarez and Neymar to his 2002 trio Ronaldo, Rivaldo and Ronaldinho.

“It’s hard to say which attack was better,” said the 67-year-old. “But Barcelona’s MSN is absolutely world-class. Clearly we will have our hands full.”

Scolari will hope Brazilians Paulinho, scorer of a dramatic late winner to break Mexican hearts, and Robinho, the former Real Madrid striker, can spark against a Barca side who have drawn their last three games.

“I don’t need to say anything to my players to give them any extra motivation,” insisted Scolari. “They’ve won the Chinese league, the Asian Champions League and beat Club America in our first game in Japan. That’s all the motivation they need.”

Evergrande captain Zheng Zhi promised that the Chinese would not be intimidated by their illustrious opponents.

“We have been looking forward to this game,” said the veteran midfielder. “We just want to go out and enjoy it, and learn from it. We don’t fear them and we have no reason to be nervous.

“We will put our heart and soul into it,” he added. “Barcelona are a fantastic side but we will be ready. We want to go out and play to our potential and see what happens.”

Argentina’s River Plate were playing Japanese champions Sanfrecce Hiroshima in Wednesday’s first semi-final in Osaka.

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
US Industrial Market figures, Q1 2017

Vacancy Rate 5.4%

Markets With Positive Absorption 85.7 per cent

New Supply 55 million sq ft

New Supply to Inventory 0.4 per cent

Under Construction 198.2 million sq ft

(Source: Colliers)

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt

Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

Number of Employees: 18 employees, including full-time and flexible workers

Funding stage and size: Seed round completed Q4 2019 - $1m raised

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Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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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