A late goal by Everton's Spanish midfielder Mikel Arteta forced a 2-2 draw with in-form Sunderland in their Premier League clash yesterday.
A fine double by Sunderland striker Danny Welbeck - taking his total to three in two matches - had looked to be enough for the Black Cats to build on their superb 3-0 hammering of Chelsea in their previous match.
Welbeck, on loan from Manchester United, had levelled the game at 1-1 after Australian Tim Cahill had given the visitors an early lead.
The result leaves Sunderland with just one defeat since August while Everton have won just one match in their last seven since beating bitter city rivals Liverpool.
Sunderland manager Steve Bruce regretted conceding the late equaliser but was still happy to take a point which sees his side riding high in seventh spot..
"Overall I have to say that we would take 2-2 given we started slowly," said Bruce.
"However, conceding the goal as late as we did is frustrating."
His Everton counterpart David Moyes - whose side moved up to 14th place only two points above the relegation spots but also just six off fifth-placed Bolton - believed that his players should have been more clinical in front of goal.
"We got into good positions but didn't make them pay. It was disappointing we couldn't finish off our good play."
Ghanaian World Cup star Asamoah Gyan sat out the match through injury after an outstanding performance in the humiliation of Chelsea but manager Steve Bruce was able to bring England international Darren Bent back after injury.
It was Everton, though, who got off to the flying start as excellent work down the flank by Leighton Baines saw him deliver a great cross for Cahill to tuck away neatly with his head.
Baines, though, was on the receiving end for the hosts equaliser as he was turned inside out by Dutch veteran Boudewijn Zenden - who had a more rewarding night than his brother-in-law Johnny Heitinga who was appearing for Everton in defence - and from his cross Welbeck was on hand to knock it past Tim Howard.
Welbeck added his second in the second-half scoring from former Manchester United midfielder Kieran Richardson's cross, though, there was a hint of offside about the goal.
Everton fought hard to at least grab a point and Arteta duly delivered it when his weak shot took a deflection off Phil Bardsley and beat Craig Gordon.
Both sides had chances to get a winner but first Welbeck miscued when well set up by Steed Malbranque and then former Leeds United marksman Jermaine Beckford was released by England international defender Phil Jagielka, but he completely messed up his shot when one on one with Gordon.
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The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
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.
The biog
Hobbies: Writing and running
Favourite sport: beach volleyball
Favourite holiday destinations: Turkey and Puerto Rico
If%20you%20go
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J%20Street%20Polling%20Results
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Company%20Profile
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Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
Company%20Profile
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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.”
What%20is%20Dungeons%20%26%20Dragons%3F%20
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
Saturday 15 January: v Canada
Thursday 20 January: v England
Saturday 22 January: v Bangladesh
UAE squad
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly, Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya Shetty, Kai Smith
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
Despacito's dominance in numbers
Released: 2017
Peak chart position: No.1 in more than 47 countries, including the United States, the United Kingdom, Australia and Lebanon
Views: 5.3 billion on YouTube
Sales: With 10 million downloads in the US, Despacito became the first Latin single to receive Diamond sales certification
Streams: 1.3 billion combined audio and video by the end of 2017, making it the biggest digital hit of the year.
Awards: 17, including Record of the Year at last year’s prestigious Latin Grammy Awards, as well as five Billboard Music Awards