remier League, Serie A, Ligue 1, and the big one, the European Cup – twice over – with clubs from two different countries.
Carlo Ancelotti has as close to a full flush of the major club prizes as is possible.
The new Bayern Munich manager will probably now add the Bundesliga title to the trophies he has collected at AC Milan, Chelsea, Paris Saint-Germain and Real Madrid, just to remind that not all the most coveted European managers have made their way to the English Premier League this summer.
“Probably” may be too soft a word for the expectation around Bayern. The Bundesliga shield has been housed in the club’s headquarters at Sabenerstrasse the past four years – a sequence uninterrupted by the previous change in manager.
• See also: Five Bundesliga players to watch
For most of the other 17 clubs in the top flight of German football, it is almost a presumption that Bayern will again win the league.
Ancelotti hears that and acknowledges: “We have a very, very strong squad.” Bayern’s 2-0 win over Borussia Dortmund in the Super Cup, curtain-raiser to a season that begins with the champions against Werder Bremen tomorrow, assured him of that.
It is a squad directly strengthened, for a third summer in four, at Dortmund’s expense.
The summer ritual that sees a leading player from Bayern’s most persistent domestic rivals travel south to Bavaria has been repeated: Mats Hummels, the centre-half, is a stellar addition to Ancelotti’s cadre and a void that Dortmund manager Thomas Tuchel must fill.
The outgoing Bayern manager, Pep Guardiola, has also done his former employers a favour by luring midfielder Ilkay Gundogan from Dortmund to Manchester City, Guardiola’s new club.
Tuchel has also waved goodbye to Henrikh Mkhitaryan, excellent in yellow and black through 2015/16, who has headed to Manchester United.
The twist this summer is that the first of the Dortmund-to-Munich absconders, Mario Gotze, has bought a return ticket. Three years after he quit Borussia for Bayern, he is back to join what Tuchel hopes will be an attack that buzzes with guile and speed.
Fitness permitting, Gotze should get more starting minutes than he was able to at Bayern, and he has the opportunity to synchronise his passing excellence to the runs of Marco Reus and Andre Schurrle – signed from Wolfsburg – and the still speedier Pierre-Emerick Aubameyang.
• More: The Big Weekend Preview, with local TV picks
Dortmund ought to be compelling to watch. Likewise the progress of talented younger players in Tuchel’s arsenal such as Ousmane Dembele, signed from Rennes, and Christian Pulisic.
Watching Ancelotti’s Bayern will be intriguing, too, in the degree to which they develop – or divert from – the style of Guardiola’s team.
Improvement is expected In one area. Bayern, Uefa Champions League winners in the May before Guardiola took over, did not reach a European final under him in three seasons. Ancelotti has pedigree in that.
Meanwhile, 2015 runners-up Wolfsburg seek substantial uplift on their eighth place last season and have hired Mario Gomez, 31, and back in possession of the centre-forward’s jersey for the German national team, to spearhead them.
Bayer Leverkusen, third last term, look forward to more hot scoring streaks from Javier Hernandez, while Schalke’s search for greater potency has led them to spend a record fee on recruiting the young, relatively untested Breel Embolo, a 19-year-old Swiss international and a €27 million (Dh112m) outlay.
Across Germany, investment in teenagers has been high: Renato Sanches, 19, joined Bayern for €35m. Dembele’s fee could rise well above €25m with add-ons.
Overall spending in pre-season has reached a landmark high and could even go to €500m by the close of the transfer window next week.
Dortmund, recipients of some big fees for key men, have used their income to commit more than €100m on new faces.
Whether that means they can significantly close a yawning gap at the summit remains to be seen.
[ sports@thenational.ae ]
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Four reasons global stock markets are falling right now
There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:
1. Rising US interest rates
The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.
Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”
At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.
2. Stronger dollar
High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.”
3. Global trade war
Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”
4. Eurozone uncertainty
Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.
Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”
The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”
MATCH INFO
First Test at Barbados
West Indies won by 381 runs
Second Test at Antigua
West Indies won by 10 wickets
Third Test at St Lucia
February 9-13
MATCH INFO
Uefa Champions League, last-16. first leg
Atletico Madrid v Juventus, midnight (Thursday), BeIN Sports
THE SPECS
2020 Toyota Corolla Hybrid LE
Engine: 1.8 litre combined with 16-volt electric motors
Transmission: Automatic with manual shifting mode
Power: 121hp
Torque: 142Nm
Price: Dh95,900
Brief scores:
Manchester City 3
Bernardo Silva 16', Sterling 57', Gundogan 79'
Bournemouth 1
Wilson 44'
Man of the match: Leroy Sane (Manchester City)
Central Bank's push for a robust financial infrastructure
- CBDC real-value pilot held with three partner institutions
- Preparing buy now, pay later regulations
- Preparing for the 2023 launch of the domestic card initiative
- Phase one of the Financial Infrastructure Transformation (FiT) completed
Tips for avoiding trouble online
- Do not post incorrect information and beware of fake news
- Do not publish or repost racist or hate speech, yours or anyone else’s
- Do not incite violence and be careful how to phrase what you want to say
- Do not defame anyone. Have a difference of opinion with someone? Don’t attack them on social media
- Do not forget your children and monitor their online activities
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
More from Aya Iskandarani
57 Seconds
Director: Rusty Cundieff
Stars: Josh Hutcherson, Morgan Freeman, Greg Germann, Lovie Simone
Rating: 2/5
DUBAI CARNIVAL RESULTS
6.30pm Handicap US$135,000 (Turf) 2,410m
Winner Dubai Future, Harry Bentley (jockey), Saeed bin Suroor (trainer).
7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m
Winner Dubai Love, Patrick Cosgrave, Saeed bin Suroor.
7.40pm Dubai Dash Listed $175,000 (T) 1,000m
Winner: Equilateral, James Doyle, Charles Hills.
8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m
Winner Laser Show, Kevin Stott, Saeed bin Suroor.
8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m
Winner Glorious Journey, James Doyle, Charlie Appleby.
9.25pm Handicap $135,000 (D) 2,000m
Winner George Villiers, Tadhg O’Shea, Satish Seemar.
Confirmed bouts (more to be added)
Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez
Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
UAE v Zimbabwe A, 50 over series
Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai
Company profile
Company name: Tuhoon
Year started: June 2021
Co-founders: Fares Ghandour, Dr Naif Almutawa, Aymane Sennoussi
Based: Riyadh
Sector: health care
Size: 15 employees, $250,000 in revenue
Investment stage: seed
Investors: Wamda Capital, Nuwa Capital, angel investors
UAE currency: the story behind the money in your pockets
Pakistanis at the ILT20
The new UAE league has been boosted this season by the arrival of five Pakistanis, who were not released to play last year.
Shaheen Afridi (Desert Vipers)
Set for at least four matches, having arrived from New Zealand where he captained Pakistan in a series loss.
Shadab Khan (Desert Vipers)
The leg-spin bowling allrounder missed the tour of New Zealand after injuring an ankle when stepping on a ball.
Azam Khan (Desert Vipers)
Powerhouse wicketkeeper played three games for Pakistan on tour in New Zealand. He was the first Pakistani recruited to the ILT20.
Mohammed Amir (Desert Vipers)
Has made himself unavailable for national duty, meaning he will be available for the entire ILT20 campaign.
Imad Wasim (Abu Dhabi Knight Riders)
The left-handed allrounder, 35, retired from international cricket in November and was subsequently recruited by the Knight Riders.
Where can I submit a sample?
Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.
Collection centres in Abu Dhabi include:
- Abu Dhabi National Exhibition Centre (ADNEC)
- Biogenix Labs in Masdar City
- Al Towayya in Al Ain
- NMC Royal Hospital in Khalifa City
- Bareen International Hospital
- NMC Specialty Hospital, Al Ain
- NMC Royal Medical Centre - Abu Dhabi
- NMC Royal Women’s Hospital.
More from Aya Iskandarani
COMPANY PROFILE
Company name: OneOrder
Started: March 2022
Founders: Tamer Amer and Karim Maurice
Based: Cairo
Number of staff: 82
Investment stage: Series A
