Achraf Hakimi will not forget his official debut for Paris Saint-Germain in a hurry. The Morocco international was never going to ease into French football incognito, given that he has moved to PSG for a fee that could make him the most expensive right-back in history. But throughout Sunday evening’s Trophee des Champions against Lille, he was very obviously the centre of most spectators’ attentions, constantly booed and jeered.
The reason? The venue for this season’s edition of what is France’s equivalent of the domestic Super Cup. It was played in Tel Aviv, Israel, before a large crowd aware of Hakimi’s history of engagement with Palestine. In terms of public statements that amounts only to a brief line on his social media - “Free Palestine,” Hakimi wrote during the escalating tension during the spring. But it was enough to mark him out for attention.
“We spoke about it,” acknowledged PSG head coach Mauricio Pochettino of the targeting of Hakimi. “We spoke about the fact he had to keep his concentration. Throughout the game, he did that and stayed focused.”
Some of the 29,000 at the Bloomfield stadium, the first Israeli venue for a showpiece that has been exported outside France for 12 of the last 13 years, had booed and whistled themselves hoarse by the end of 90 minutes in which Hakimi was the outstanding individual in the losing team.
“It was a good performance,” said Pochettino of his new recruit, for whom PSG may end up paying Internazionale over €70m if all the add-ons for the Hakimi deal are triggered.
Some of those are related to future achievements at PSG. Not all of those can be taken for granted. At the moment, the record of achievement under Pochettino, who took over from Thomas Tuchel in January, is mixed. PSG won the delayed 2020 Trophee des Champions - Pochettino’s third game in charge - and last season’s French Cup, but were eliminated by Manchester City in the semi-finals of the Champions League and ceded the Ligue 1 title to Lille in May.
We spoke about the fact he had to keep his concentration. Throughout the game, he did that and stayed focused.
Pochettino on Hakimi
Four months after losing 1-0 at home to Lille in the league game that effectively made the difference in the title race, PSG were stymied again on Sunday by the upstarts from the north, though it took an exceptional goal from Xeka, the Portuguese midfielder, to seal the match 1-0.
Lille were closer to full strength than their wealthier opponents, with Burak Yilmaz, the Turkish veteran, showing some of last season’s fine form and Jonathan David, Lille’s Canadian striker, lively as Burak’s accomplice up front. PSG were missing Marquinhos, the usual captain, from their defence and the entirety of what Pochettino would probably call his best front quartet: Neymar, Kylian Mbappe, Angel Di Maria and Marco Verratti. They all joined pre-season practice relatively late because of their involvement in the later stages of the Copa America and the European championship.
“The attitude and performance levels were good, but we were lacking the most important thing, which was goals,” said Pochettino. The trophy, the least significant silverware of the new season, will now leave Paris for the first time since 2012, PSG having won the traditional curtain-raiser for the previous eight editions.
“The game came at a difficult time for us,” the coach shrugged. “Half of our players were left at home.”
There was no official debut for Sergio Ramos, who is nursing a muscle problem, nor Gigio Donnarumma, who was at the European championship until, as Italy’s penalty-saving goalkeeper, its very last kick. Ramos, signed on a free transfer from Real Madrid, has yet to appear for PSG and his fitness, following the injuries that affected the last six months of his long Madrid career and ruled him out of Spain’s Euro 2020 campaign, is a concern, with PSG’s Ligue 1 opener against Troyes five days away.
More encouraging for Pochettino was the energy Gini Wijnaldum, another free transfer of the summer - the Dutch midfielder’s contract at Liverpool had come to an end - gave PSG in the last 20 minutes as a substitute.
But the best impressions were left by Hakimi, whose intention to command the right flank for PSG was signposted loud and clear. Rather than be provoked by the sustained, repeated noise whenever he had the ball, or tempted into releasing it quickly to quieten the boos, he kept launching his runs, trying his feints and delivering his crosses. “He had a very good game, both in terms of his behaviour and the way he played,” said Pochettino.
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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Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
Last 10 NBA champions
2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
List of alleged parties
- May 15 2020: Boris Johnson is said to have attended a Downing Street pizza party
- 27 Nov 2020: PM gives speech at leaving do for his staff
- Dec 10 2020: Staff party held by then-education secretary Gavin Williamson
- Dec 13 2020: Mr Johnson and his then-fiancee Carrie Symonds throw a flat party
- Dec 14 2020: Shaun Bailey holds staff party at Conservative Party headquarters
- Dec 15 2020: PM takes part in a staff quiz
- Dec 18 2020: Downing Street Christmas party
Gulf rugby
Who’s won what so far in 2018/19
Western Clubs Champions League: Bahrain
Dubai Rugby Sevens: Dubai Hurricanes
West Asia Premiership: Bahrain
What’s left
UAE Conference
March 22, play-offs:
Dubai Hurricanes II v Al Ain Amblers, Jebel Ali Dragons II v Dubai Tigers
March 29, final
UAE Premiership
March 22, play-offs:
Dubai Exiles v Jebel Ali Dragons, Abu Dhabi Harlequins v Dubai Hurricanes
March 29, final
More from Neighbourhood Watch:
The years Ramadan fell in May
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
KILLING OF QASSEM SULEIMANI
Sam Smith
Where: du Arena, Abu Dhabi
When: Saturday November 24
Rating: 4/5
Mohammed bin Zayed Majlis
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
The five pillars of Islam
Zayed Sustainability Prize