A Saudi Arabian prince has offered Al Hilal players and team officials a bonus of US$26,000 (Dh95,500) each if they can beat Australian club Western Sydney Wanderers and win the Asian Champions League this weekend.
The 13-time Saudi and twice Asian champions lost the first leg 1-0 in Sydney last weekend but will be in for a bumper payday if they can overturn the deficit at the King Fahd Stadium on Saturday.
Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, who is worth $21.5 billion according to Forbes, made the offer of 100,000 riyals (about $26,650) a man in a tweet just before last Saturday’s first leg kicked off.
The Saudi royal also said he would be paying for free entry for all fans of the club for Saturday’s second leg in Riyadh, where a crowd in excess of 65,000 is expected. Fourteen Wanderers fans have travelled from Australia for the match.
According to the prince’s website (www.alwaleed.com.sa), the Al Hilal players received bonuses of 20,000 riyals for reaching the ACL quarter-finals and another of 40,000 riyals for winning the first leg of their ACL semi-final against Al Ain 3-0.
He flew them to Al Ain for the second leg in his private jet and gifts the already wealthy club 2.5 million riyals per season.
In 2007, Al Hilal signed a sponsorship deal with Saudi Arabian mobile operator Mobily worth 200 million riyals over five years.
Wanderers, by contrast, must work within a salary cap of A$2.55 million (Dh8.3m) this season under A-League rules.
Bundesliga
Bayern Munich chief executive Karl-Heinz Rummenigge has reaffirmed his club’s interest in signing Marco Reus from Bundesliga rivals Borussia Dortmund in the summer. Reus can leave the Westphalians for a set fee, reported by Bayern to be €25 million (Dh117m), and Rummenigge has already stated his club’s interest. Ahead of the weekend’s league clash between the two sides, he has touched on the subject again while insisting he does not want to upset his club’s rivals. “We know what quality he has and we also know what clause he has,” Rummenigge said. “A young, Germany international with such quality is probably interesting for us, but I don’t want to cause any ill-feeling with Dortmund.”
Sweden
Former Elfsborg manager and Sweden midfielder Klas Ingesson, who was in the team that finished third at the 1994 World Cup, has died of cancer at the age of 46, the club announced yesterday. Ingesson played for a string of clubs including IFK Gothenburg in Sweden, Sheffield Wednesday in England and the Italian trio of Bologna, Bari and Lecce. Capped 57 times for Sweden and a driving force in the side that beat Bulgaria 4-0 to claim third place at the World Cup in the United States, Ingesson was diagnosed with multiple myeloma in 2009.
Nigeria
Fifa says it is giving Nigeria one last chance to avoid a “lengthy” ban that would prevent the reigning champions from defending their title at next year’s African Cup of Nations. Fifa wants a court order nullifying recent Nigeria Football Federation (NFF) elections, regarding it as government interference in football, which is not allowed under the world body’s rules. Fifa says Nigeria has until noon tomorrow local time to prove that the court order has been withdrawn and the NFF is able to work “without any hindrance”. If Nigeria does not comply, Fifa says the team will be banned from international football at least until Fifa’s Congress in May next year. That would mean Nigeria is thrown out of the qualifying competition for the tournament in January and February.
Indonesia
Two Indonesian teams have been disqualified from an end-of-season tournament after five own goals were scored in a match as both sides sought to lose in a bid to avoid facing a team reportedly backed by gangsters. Video footage showed goalkeepers from the two clubs, PSS Sleman and PSIS Semarang, making half-hearted attempts to stop shots and walking away from the goal as the ball approached during Sunday’s match in Yogyakarta. PSS Sleman won 3-2 – they conceded two own goals, but were handed victory by their opponents who managed to allow three own goals in the final three minutes.
Premier League
English Premier League referee Mark Clattenburg has been sidelined for breaking protocol to attend a pop concert, according to a British newspaper report. The Sun claimed that Clattenburg contravened regulations by driving home alone after refereeing West Bromwich Albion’s 2-2 draw with Crystal Palace on Saturday so he could see singer Ed Sheeran perform in Newcastle. The rules of the Premier League’s refereeing body, Professional Game Match Officials Limited, state that officials must travel to and from matches together for their integrity and security. Clattenburg, 39, is also reported to have broken another rule by speaking to Palace manager Neil Warnock on the phone after the game at The Hawthorns. Premier League referees are only allowed to speak to managers after games if their assistants are present.
sports@thenational.ae
Follow our sports coverage on Twitter @SprtNationalUAE
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The biog
Simon Nadim has completed 7,000 dives.
The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast.
As a child, he loved the documentaries of Jacques Cousteau
He also led a team that discovered the long-lost portion of the Ines oil tanker.
If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah
Red flags
- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
Match info
Uefa Champions League Group B
Barcelona v Tottenham Hotspur, midnight
LAST-16 FIXTURES
Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi
Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi
Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi
Tributes from the UAE's personal finance community
• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style
“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.
Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term.
From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”
• Sam Instone, director of financial advisory firm AES International
"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed. Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."
• Demos Kyprianou, a board member of SimplyFI.org
"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."
• Steve Cronin, founder of DeadSimpleSaving.com
"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.
His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.
Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."
• Zach Holz, who blogs about financial independence at The Happiest Teacher
"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen. He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”
• Tuan Phan, a board member of SimplyFI.org
"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."
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Company Profile
Company name: Fine Diner
Started: March, 2020
Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka
Based: Dubai
Industry: Technology and food delivery
Initial investment: Dh75,000
Investor: Dtec Startupbootcamp
Future plan: Looking to raise $400,000
Total sales: Over 1,000 deliveries in three months
MATCH INFO
Uefa Champions League quarter-final (first-leg score):
Juventus (1) v Ajax (1), Tuesday, 11pm UAE
Match will be shown on BeIN Sports
RESULT
Esperance de Tunis 1 Guadalajara 1
(Esperance won 6-5 on penalties)
Esperance: Belaili 38’
Guadalajara: Sandoval 5’
Third Test
Day 3, stumps
India 443-7 (d) & 54-5 (27 ov)
Australia 151
India lead by 346 runs with 5 wickets remaining
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
England's lowest Test innings
- 45 v Australia in Sydney, January 28, 1887
- 46 v West Indies in Port of Spain, March 25, 1994
- 51 v West Indies in Kingston, February 4, 2009
- 52 v Australia at The Oval, August 14, 1948
- 53 v Australia at Lord's, July 16, 1888
- 58 v New Zealand in Auckland, March 22, 2018
Can NRIs vote in the election?
Indians residing overseas cannot cast their ballot abroad
Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency
There are about 3.1 million NRIs living overseas
Indians have urged political parties to extend the right to vote to citizens residing overseas
A committee of the Election Commission of India approved of proxy voting for non-resident Indians
Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
More from Rashmee Roshan Lall
Juliot Vinolia’s checklist for adopting alternate-day fasting
- Don’t do it more than once in three days
- Don’t go under 700 calories on fasting days
- Ensure there is sufficient water intake, as the body can go in dehydration mode
- Ensure there is enough roughage (fibre) in the food on fasting days as well
- Do not binge on processed or fatty foods on non-fasting days
- Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates
- Manage your sleep
- People with existing gastric or mental health issues should avoid fasting
- Do not fast for prolonged periods without supervision by a qualified expert
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Tickets
Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
Have you been targeted?
Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:
1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.
2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.
3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.
4. The adviser charges a 1 per cent charge for managing your assets. They are being paid for doing nothing. They have already claimed massive amounts in hidden upfront commission.
5. Total annual management cost for your pension account is 2 per cent or more, including platform, underlying fund and advice charges.
Jebel Ali card
1.45pm: Maiden Dh75,000 1,400m
2.15pm: Handicap Dh90,000 1,400m
2.45pm: Maiden Dh75,000 1,000m
3.15pm: Handicap Dh105,000 1,200m
3.45pm: Maiden Dh75,000 1,600m
4.15pm: Handicap Dh105,000 1,600m
4.45pm: Handicap Dh80,000 1,800m
The National selections
1.45pm: Cosmic Glow
2.15pm: Karaginsky
2.45pm: Welcome Surprise
3.15pm: Taamol
3.45pm: Rayig
4.15pm: Chiefdom
4.45pm: California Jumbo
The specs
Engine: 1.5-litre, 4-cylinder turbo
Transmission: CVT
Power: 170bhp
Torque: 220Nm
Price: Dh98,900
The Lost Letters of William Woolf
Helen Cullen, Graydon House
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
Brief scoreline:
Tottenham 1
Son 78'
Manchester City 0
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
