Portugal and Austria have it all to do in Group F after a goalless draw in Paris left them in the bottom two spots in the table. Here are the key talking points from the game.
William Carvalho makes it look effortless
No wonder the Portuguese midfielder has been linked to pretty much every big-name Premier League club around. In fact, he might already be playing outside Portugal had he not broken his leg last summer.
The Sporting Lisbon man came in to Portugal’s starting XI against Austria in the place of FC Porto man Danilo – who didn’t do much wrong in the first game – and was superb.
He makes the game look easy, rarely breaking into a sprint and hardly giving a ball away. Carvalho does the simple things right but he also has excellent range in his passing. His diagonal balls, sliced with quite a unique low trajectory as if he was chipping onto a golf green, were on the money and he gave Portugal a base from which all their attacks could start.
Talented Portuguese players always leave for Europe’s bigger leagues eventually. And at just 24, don’t be surprised if the pick of Spain, England and Italy are fighting for Carvalho’s signature this summer.
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• Complete guide: Previews, fixtures, predictions and more
Alaba’s talent wasted down the middle
Marko Arnautovic and David Alaba are Austria's two best players and neither got the chance to shine on Saturday night. Stoke City man Arnautovic was stuck out on the left wing and Alaba, a left-back in his day job at Bayern Munich, was poor as a No 10.
It’s understandable that international managers might want to squeeze their best players into positions where they feel they might be most effective, but this did not work for Austria.
Sometimes you’ve just got to let a player demonstrate his national game.
You could make an argument for calling Alaba world class. He’s part of an awesome Bayern team. His best attributes are his pace, his delivery, his shots from distance, but Portugal did not allow him any time on the ball.
Alaba often plays in midfield for Austria, but manager Marcel Koller should have given him a wide birth. His pace on the counter attack could have been a dangerous weapon.
Instead Austria managed to nullify their own stars, with the hardly-pacey Arnautovic toiling as a winger and Alaba getting substituted mid-way through the second half.
Portugal shouldn’t worry
Much of the post-match analysis will focus on Cristiano Ronaldo's lack of goals and Portugal's toothlessness in attack.
But if I were Portuguese, I’d actually be quite optimistic about the chances of doing well in the knockout rounds.
Portugal need to get out of the group first. A draw against Hungary would probably be enough to claim one of the best third-placed spots, giving them three points with a zero goal difference, but they should beat the eastern Europeans.
It is the fact, however, that they are creating so many chances that suggests Portugal will eventually click in attack.
If they do, given a pretty solid back line, it makes them a dangerous proposition.
They had 18 shots at goal against Austria, Ronaldo missed a penalty, had a goal disallowed and had two great efforts saved. On another day this might have been a 3-0 win.
Of course, this is a common theme with Portugal, going back to Euro 2000, where they often had the better of matches but couldn’t convert their chances. Still, a player like Ronaldo will eventually deliver.
What their struggles might do, if they finish second in the group, is set up a bumper last 16 clash against Italy.
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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.”
Du Football Champions
The fourth season of du Football Champions was launched at Gitex on Wednesday alongside the Middle East’s first sports-tech scouting platform.“du Talents”, which enables aspiring footballers to upload their profiles and highlights reels and communicate directly with coaches, is designed to extend the reach of the programme, which has already attracted more than 21,500 players in its first three years.
The%20specs
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Russia's Muslim Heartlands
Dominic Rubin, Oxford
Two-step truce
The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.
By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.
The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
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Killing of Qassem Suleimani
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if you go
The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow.
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes).
Match info
Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')
Southampton 0
The specs
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
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