Carling win will be start of things to come for Arsenal



Jack Wilshere feels that a victory for Arsenal in today's Carling Cup final against Birmingham City will be the start of bigger things to come for Arsene Wenger's talented squad.

The 19-year-old midfielder is enjoying a breakthrough season with Arsenal, and he made his full England debut against Denmark earlier this month.

Wilshere has found himself a central part of Arsene Wenger's young side, who today must do without their captain, Cesc Fabregas, and the winger Theo Walcott because of injury.

Despite all of their promise, the Gunners have not delivered any additions to the trophy cabinet since moving to Emirates Stadium in 2006.

With Arsenal still competing for honours at home and in the Champions League, Wilshere believes it is only a matter of time before they win something.

"At the moment, this has been the best season I could have asked for," Wilshere told Arsenal TV Online. "I am really looking forward to the match. It will be the biggest game of my life so far.

"If we can win, it will give us confidence for the rest of the season.

"It has been five years since Arsenal won anything and this team is too good not to win things."

Wilshere feels the absence of Fabregas and Walcott can be used as a positive.

"Cesc is a great leader and if we win it, there will only be one person to go up and lift the trophy," he said.

"In a way we can do it for him and Theo, too. He has been a massive player for us in the Carling Cup and scored two goals against Newcastle."

Tomas Rosicky could be drafted into the starting XI today, with Abou Diaby, just back from a three-match suspension, another option should Wenger decide against bringing Samir Nasri in from his wide role.

Meanwhile, Birmingham's manager Alex McLeish has hailed the "massive impact" of Barry Ferguson, who has rebuilt his career after ending his spell in Scotland in disgrace.

Ferguson was stripped of the Scotland captaincy and told he would no longer be considered for international selection after well-publicised breaches of discipline two years ago. The midfielder also had the captain's armband taken off him at Rangers.

But McLeish showed faith in the player he had already managed at the international and club level by bringing him to St Andrew's during the summer of 2009.

It has proved to be an inspired signing and Ferguson will be a pivotal figure at Wembley.

"The [Rangers] fans thought Barry was on the wane or he was finished but he's proved since he's come to England that he's got plenty of fire, ability and still has the legs," McLeish said.

"He has been superb for us and his experience will be important.

"It's amazing he's played so many games and he's hardly ever injured. His playing record is remarkable over the years. He's got amazing toughness."

Said Ferguson: "This is up there with everything I have achieved, including getting to the Uefa Cup final. I'm not taking anything away from my time at Rangers, but you are expected to win every game. But here, a good achievement is just to stay in the Premier League. For us to get to this final is a great achievement."

8pm, Aljazeera Sport +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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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5


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