Ferguson spreads his wings


Richard Jolly
  • English
  • Arabic

By their own admission, Arsenal were not at the races. Manchester United certainly were, the combination of the thoroughbred, the workhorse and the showpony proving overwhelming. Sunday's 3-1 win at the Emirates Stadium was notable for many things, not least the continued brilliance of Wayne Rooney, who scored his 20th league goal of the season, and the similarities with United's triumph by the same scoreline at the same ground in the Champions League in May; indeed Rooney's goal was as superb a piece of counter-attacking as the second of Cristiano Ronaldo's brace was then.

Yet if Rooney's excellence is taken for granted, the same cannot be said of his accomplices in attack. Flanking the Englishman were Ji-sung Park and Nani. By no standards had either enjoyed a fine season - indeed Ryan Giggs and Antonio Valencia are comfortably United's premier wingers over the course of the entire campaign -but both contributed a goal, even if Nani's effort has been debited to Manuel Almunia, the Arsenal goalkeeper, instead.

Both were bold selections by Sir Alex Ferguson; yet they are polar opposites among wingers. They are a breed who tend to be unpredictable, while young players are often inconsistent. The erratic but eminently able Nani has proved both, while Park's dependability had been a downfall: he has been too humdrum for supporters who crave excitement from attackers. Both had fallen out of favour; Park only starting five league games before Hull's visit to Old Trafford and Nani only appearing in one of the previous 14 matches in all competitions. He is thought to have been offered as a makeweight in a bid to sign Angel Di Maria, the Argentine prodigy. Certainly it seemed that Ferguson was tiring of his most mercurial performer.

His return from internal exile has not been fully explained, but it has been justified. Nani has long had the raw materials, the turn of pace, flamboyant skills and an eye for goal, of a young Ronaldo without developing at the remarkable rate his compatriot did. Sunday's showing, where he conspicuously outpaced one of the Premier League's fastest and most accomplished full-backs in Gael Clichy, felt like a coming-of-age performance. Both Ferguson and Nani himself described it as the 23-year-old's finest in a United shirt.

If he has had difficulties adjusting to life after Ronaldo, Park has taken more time than most. The 28-year-old figured far more frequently before his sale, his selection seeming to make sense in a kind of unofficial agreement: the Korean did the defending the Portuguese sometimes neglected, the younger man scored the goals the older one rarely provided. It is why his future may depend in part on Nani's form.

Yet Ferguson has long felt that Park was a big-game player. It is significant that, of a comparati-vely meagre total of 13 United goals, three have come against Arsenal. Especially away from home, he is a regular sight in the biggest games. Before an undistinguished 18 months, it is worth remembering that Nani, too, displayed a temperament on the major stage. In his debut season at Old Trafford, he scored against Arsenal and Liverpool, while his final kick of the ball was a penalty he converted in Moscow when a miss would have handed the Champions League to Chelsea. It took him a year and a half to regain such momentum in his United career. But in a season when a sizeable squad have been heavily dependent upon a handful of players, his performance could prove to be more significant that Rooney's. The combination of Nani and Park gives an alternative to Valencia and Giggs, which is essential given the latter's age. The prospect of alternative match-winners may just be a sign that the considerable burden on Rooney is easing.

Devastating and decisive as Arsenal's defeat was, it is worth remembering that they were holding Manchester United until Nani's cross was tipped into his own net by Manuel Almunia. Arsene Wenger's parsimony in the transfer market is often admirable, but titles tend to be won by clubs with top-class keepers and that description does not apply to Arsenal. The 19-year-old Wojciech Szczesny may be the long-term solution, but with, say, Shay Given at the Emirates Stadium, the league table could have had a very different look.

In the four-way battle for fourth place, one mistake can make a huge difference. One at either end certainly does. Tottenham's concession of an injury-time equaliser to Birmingham's Liam Ridgewell on Saturday was a second costly moment in added time in a couple of months: in December, Jermain Defoe missed a penalty against Everton. A match that would have otherwise ended 3-2 stayed 2-2. Those two incidents are the difference between a five-point cushion and a very even contest for fourth.

Officially the most out-of-form team in the Premier League are one who, before then, were a byword for quiet success. Fulham have lost five successive games. As those matches include three away games, contests with Chelsea, Tottenham and Aston Villa and have come at a time when Roy Hodgson's squad has been decimated by injury, it shows how easy it is to lose five in a row. @Email:rjolly@thenational.ae

UAE currency: the story behind the money in your pockets
How Voiss turns words to speech

The device has a screen reader or software that monitors what happens on the screen

The screen reader sends the text to the speech synthesiser

This converts to audio whatever it receives from screen reader, so the person can hear what is happening on the screen

A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB

The speech synthesisers VOISS develops are free

Subsequent computer versions will include improvements such as wireless keyboards

Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser

Partnerships planned during Expo 2020 Dubai to add more languages

At least 2.2 billion people globally have a vision impairment or blindness

More than 90 per cent live in developing countries

The Long-term aim of VOISS to reach the technology to people in poor countries with workshops that teach them to build their own device

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.”

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory