Napoli's coach Rafa Benitez will win his fifth European title after enjoying success with Valencia, Liverpool and Chelsea. Ciro De Luca / Reuters
Napoli's coach Rafa Benitez will win his fifth European title after enjoying success with Valencia, Liverpool and Chelsea. Ciro De Luca / Reuters

Europa League title drives Benitez and Napoli with Fiorentina’s task cut out for all-Italian final



The chances of an all-Italian line-up in the Europa League final in Warsaw on May 27 were kept alive after Napoli and Fiorentina were placed in opposite sides of the draw for the semi-finals of the competition.

Holders Sevilla will take on Fiorentina, while Napoli go up against Dnipro. Here is what to look for from the two match-ups which will be played on May 7 and May 14.

Napoli v Dnipro

Rafa Benitez, the Napoli coach, is in familiar territory, chasing a fifth major European final with a fourth different club. It seems likely Benitez will be taking his knock-out knack elsewhere come the summer.

A shiny Europa League winners medal, to go with the one he won with Chelsea in 2013, the Uefa Cup he achieved with Valencia 11 years ago, and the Uefa Champions League he collected with Liverpool a decade back, would garnish his CV that little bit more.

Whoever goes through from this tie, one set of supporters will celebrate their greatest night, come the final in Warsaw, for at least a generation.

Napoli, winners of the Uefa Cup in 1989 but down in Serie C as recently as nine years ago, would confirm their revival as a force in the elite of the game.

They are a club again that can represent the vitality of their unique city, Naples, proudly across a sport where the big investors tends to be drawn to more glamorous places, like London, or Paris.

As for Dnipro, the presence of any Ukrainian club this far in an international competition, given the social and political upheaval in that country, is an event to respect.

That they are the third best team in the domestic table, a club with none of the European pedigree of Dynamo Kiev or Shakhtar Donetsk, is already a tour de force.

Keep an eye on a couple of men, blessed with many creative gifts but infrequent participants at major international tournaments: NapoIi’s Slovakian sophisticate Marek Hamsik, and Dnipro’s Ukrainian wizard Evgen Konoplyanka, potential match-winners both.

Sevilla v Fiorentina

An all-Italian final remains a possibility thanks to the combinations drawn in the semi-finals, but if there is to be one it will still have a distinctly Spanish flavour.

Fiorentina, like Napoli, have Spaniards in key positions, in Marcos Alonso – whose father (for Barcelona) and grandfather (for Real Madrid) both played in European Cup finals – Borja Valero and Joaquin.

Joaquin, the winger, will return to his native Andalucia for the first leg, and can expect a raucous, hostile reception, as a former Real Betis player.

He would enjoy reminding Sevillistas of his panache, and that he has made a success of his career in Italy in a Fiorentina side that can be dashing to watch and who have added a potent weapon to their attack with the January recruitment, on loan from Chelsea, of the speedy Egyptian striker Mohamed Salah.

Sevilla will hope to exploit the leakiness that sometimes afflicts Fiorentina’s defence.

Their home form is a considerable ally. They are unbeaten at the Sanchez Pizjuan for almost 14 months now.

Of all the remaining clubs in the competition, Sevilla look like the aristocrats.

Fiorentina and Napoli have both flirted with bankruptcy in recent years.

Dnipro are newcomers to this level of European competition, while the Spanish team, holders of the title and twice winners of its predecessor, the Uefa Cup in 2006 and 2007, would be entitled to think it is natural fit in their trophy room. That makes Unai Emery’s side favourites to make the final.

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Race card

5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m

6.05pm: Handicap (TB) Dh87,500 (T) 1,400m

6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m

7.15pm: Handicap (TB) Dh105,000 (T) 1,200m

7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m

8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9pm: Handicap (TB) Dh105,000 (T) 2,410m

9.35pm: Handicap (TB) Dh92,500 (T) 2,000m

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

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.”

FIGHT CARD

Anthony Joshua v Otto Wallin, 12 rounds, heavyweight

Deontay Wilder v Joseph Parker, 12 rounds, heavyweight

Dmitry Bivol v Lyndon Arthur, 12 rounds, light heavyweight

Daniel Dubois v Jarrell Miller, 12 rounds, heavyweight

Filip Hrgovic v Mark de Mori, 12 rounds, heavyweight 

Arslanbek Makhmudov v Agit Kabayel, 12 rounds, heavyweight 

Frank Sanchez v Junior Fa, 12 rounds, heavyweight 

Jai Opetaia v Ellis Zorro, 12 rounds, cruiserweight

Bridgerton season three - part one

Directors: Various

Starring: Nicola Coughlan, Luke Newton, Jonathan Bailey

Rating: 3/5

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

The years Ramadan fell in May

1987

1954

1921

1888

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

THE SPECS

Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

Torque: 580 Nm

Price: From Dh399,000

On sale: Now

if you go

The flights

Emirates fly direct from Dubai to Houston, Texas, where United have direct flights to Managua. Alternatively, from October, Iberia will offer connections from Madrid, which can be reached by both Etihad from Abu Dhabi and Emirates from Dubai.

The trip

Geodyssey’s (Geodyssey.co.uk) 15-night Nicaragua Odyssey visits the colonial cities of Leon and Granada, lively country villages, the lake island of Ometepe and a stunning array of landscapes, with wildlife, history, creative crafts and more. From Dh18,500 per person, based on two sharing, including transfers and tours but excluding international flights. For more information, visit visitnicaragua.us.

Leaderboard

63 - Mike Lorenzo-Vera (FRA)

64 - Rory McIlroy (NIR)

66 - Jon Rahm (ESP)

67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)

68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)

69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5


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