Failures will spur Arsenal on: Sagna



LONDON // Bacary Sagna, the Arsenal defender, does not expect a shift in footballing power in north London next season, even though Tottenham have claimed a place in next season's Champions League and could even overtake their rivals if results go their way today.

Sagna, 27, is confident that Arsenal can put another season of disappointment behind. Arsenal will confirm a third-place finish - and a spot in the group stage of the Champions League - with a draw against Fulham at the Emirates Stadium today. But Sagna said they will be spurred on to do better by their failure this season. "It's always a big disappointment when you don't win a trophy," he said. "As a player you just want to be successful and when you come so close and don't then you can't be happy.

"We have to make it right next time. I still think Arsenal are one of the best clubs in England and will be in the future. "Sometimes people outside don't understand, but I am with this team and I know we give 100 per cent and how much we want to win trophies. Criticism makes people stronger and it will make us stronger." Losing all four league games to title challengers Chelsea and Manchester United proved significant.

Sagna called for "more focus in these important games", but said there were no doubts about the commitment of the players or the manager, Arsene Wenger. "He's done a lot for the team in the past, and he still wants to do a lot for the future," added the French international. "The manager could have left last year to Real Madrid and he stayed because he loves Arsenal and he wants to build a great team.

"People want Arsenal to spend money like the other teams, but that's not always the right way. "I don't think people always appreciate how good he [Wenger] is. He is the first one disappointed when we lose. He wants us to win all the games." Speculation continues about the future of Arsenal's key men, such as Cesc Fabregas, Robin van Persie and Sagna, who has been linked with Inter Milan and Juventus.

But with the expected summer arrival of Marouane Chamakh, the Bordeaux striker, on a free transfer Sagna added: "We are very close to being the team we want to be. "If this team stays together we can do something special. You never know what can happen in football, but everyone is happy today at Arsenal. "We want to finish third and look forward to winning something next season. "Marouane will be suited to English football. He likes contact, he likes to fight and he's not scared - that's the most important thing here. He is good in the air, but technically good, too. He is a hard worker and the fans will appreciate him."

Arsenal Soccer Schools Dubai is open to boys and girls, with classes in both Arabic and English. All programmes have been developed based on techniques used by Arsene Wenger. For more information visit www.arsenalsoccerschoolsdubai.com or call +971 4 809 6679. Arsenal v Fulham, 7pm, Showsports 4

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Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

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.

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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The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

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The biog

First Job: Abu Dhabi Department of Petroleum in 1974  
Current role: Chairperson of Al Maskari Holding since 2008
Career high: Regularly cited on Forbes list of 100 most powerful Arab Businesswomen
Achievement: Helped establish Al Maskari Medical Centre in 1969 in Abu Dhabi’s Western Region
Future plan: Will now concentrate on her charitable work

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4