On a bright autumn Monday in Barcelona, over 10,000 people found a good reason to skip an hour or two of work. They made their way to Camp Nou - not for a match, not for a concert, but for a promise. They were there with their flags and in some cases their children, to witness and celebrate the return of a favourite son.
On the pitch, Xavi Hernandez, the captain of Barcelona for much of what was the club’s golden era - four European Cups in nine years up until 2015 - signed a contract to become the fourth different head coach in the last 20 months. “Welcome back!” announced the big screen set up behind him. Fans had prepared banners on a similar theme, willing Xavi to apply his intimate knowledge of the club he grew up in, from studious academy kid to metronome of a peerless midfield, as a cure for Barca’s apparently chronic decline.
The occasion made an evident impact on the star of the show. “I’ve got goosebumps,” he told the supporters spread across the upper tiers of the stadium. “The way I have been received makes me very emotional.” He later joined the crowd in spontaneous chanting.
But Xavi was quick to stress that hard work lies ahead - “maximum effort” - and he is under no illusions about the size of the challenge. Xavi, who spent the last two weeks negotiating his release from Qatar’s Al Sadd, where he has been coaching for the last two and half years, touched down in Catalonia on Saturday.
That evening he watched Barca, who sacked Ronald Koeman as coach nine days earlier, concede a 3-0 lead at Celta Vigo and come home with just a point. They sit ninth in La Liga, and closer in points to the bottom of the table than the top. In the Champions League, they have lost two of four group matches so far by 3-0 and face a tight tussle with Benfica, who beat them by that score, to qualify for the knockout stage.
“This is a difficult moment in a sporting context and financially,” acknowledged Xavi, who, according the club’s president Joan Laporta, contributed a part of the settlement with Al Sadd to rescind his contract in Qatar. Barcelona’s debts - over €1 billion ($1.16bn) - and unwieldy salary bill meant that during the last transfer window, they were unable to pay transfer fees and obliged to let Lionel Messi leave for Paris Saint-Germain and Antoine Griezmann join Atletico Madrid on loan.
Messi, a Barca teammate of Xavi’s in 399 matches, had wished the new coach "good luck", said Xavi. Much as he might wish he could still call on Barcelona’s greatest ever player, Xavi said firmly: “Messi is not here now, we have to work with the squad we have.“
Some are former colleagues, and from the likes of Gerard Pique, Sergio Busquets, Jordi Alba, goalkeeper Marc-Andre ter Stegen and Sergi Roberto, Xavi asks “they must take the lead. I have friendships with some of the players but they will be in a dressing-room where there are clear rules. When there are rules, things always work better.”
About 15 kilometres away in San Cugat, Pep Guardiola, another former Barcelona captain and head coach, was at a golf course attending a fund-raising event. Guardiola, Manchester City’s manager, did not attend the Xavi presentation, but his name loomed large, as it has throughout Xavi’s adult life.
“Pep was a reference for me as a player and as coach,” said Xavi, who followed Guardiola into the first team as a midfielder of vision and leadership, and played his best football under Guardiola after Guardiola’s appointment, by Laporta in 2008, as a then novice head coach.
The comparison is unavoidable. Xavi, 41, has limited experience coaching, just as Guardiola did before he guided Barcelona to a Treble, and two further Liga titles and another Champions League in four seasons in charge.
Xavi, emphasising that his Barcelona need “a medium- to long-term plan,” acknowledged he will be labelled the New Guardiola, but that being a former club idol as a player is no guarantee of being a success as coach. “I hope to belong in the group with Pep and Zidane [an iconic footballer and then a decorated coach at Real Madrid] rather than the others.”
Koeman, who scored a European Cup-winning goal for Barcelona, ranks among the "others": He lasted just over a year as their head coach.
Xavi will spend his first few days on the training pitch assessing the return dates of 11 injured players - including Ansu Fati and Pique; Sergio Aguero is being assessed for a possible cardiac problem - and without those away on international duty. When they return, the challenges are immediate: a local derby against Espanyol for Xavi’s opening night at Camp Nou, and the potential decisive hosting of Benfica three nights later.
He knows what is expected from those fixtures. “This is the hardest club in the world to coach,” he said. “You have to win and win well.”
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
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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.”
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QUARTER-FINAL
Wales 20-19 France
Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2
France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)
2018 ICC World Twenty20 Asian Western Sub Regional Qualifier
Event info: The tournament in Kuwait this month is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.
UAE’s fixtures: Fri Apr 20, UAE v Qatar; Sat Apr 21, UAE v Saudi Arabia; Mon Apr 23, UAE v Bahrain; Tue Apr 24, UAE v Maldives; Thu Apr 26, UAE v Kuwait
World T20 2020 Qualifying process:
- Sixteen teams will play at the World T20 in two years’ time.
- Australia have already qualified as hosts
- Nine places are available to the top nine ranked sides in the ICC’s T20i standings, not including Australia, on Dec 31, 2018.
- The final six teams will be decided by a 14-team World T20 Qualifier.
World T20 standings: 1 Pakistan; 2 Australia; 3 India; 4 New Zealand; 5 England; 6 South Africa; 7 West Indies; 8 Sri Lanka; 9 Afghanistan; 10 Bangladesh; 11 Scotland; 12 Zimbabwe; 13 UAE; 14 Netherlands; 15 Hong Kong; 16 Papua New Guinea; 17 Oman; 18 Ireland
TEST SQUADS
Bangladesh: Mushfiqur Rahim (captain), Tamim Iqbal, Soumya Sarkar, Imrul Kayes, Liton Das, Shakib Al Hasan, Mominul Haque, Nasir Hossain, Sabbir Rahman, Mehedi Hasan, Shafiul Islam, Taijul Islam, Mustafizur Rahman and Taskin Ahmed.
Australia: Steve Smith (captain), David Warner, Ashton Agar, Hilton Cartwright, Pat Cummins, Peter Handscomb, Matthew Wade, Josh Hazlewood, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Matt Renshaw, Mitchell Swepson and Jackson Bird.
UAE squad
Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)
Women’s draw: Maitha Al Neyadi (57kg)
COMPANY%20PROFILE
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The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
UAE rugby in numbers
5 - Year sponsorship deal between Hesco and Jebel Ali Dragons
700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams
Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams
Dh1.8m - Dubai Hurricanes' overall budget for next season
Dh2.8m - Dubai Exiles’ overall budget for next season
COPA DEL REY
Semi-final, first leg
Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')
Second leg, February 27
UAE currency: the story behind the money in your pockets
Fight card
1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)
2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)
3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)
4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)
5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)
6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)
7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)
8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)
9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)
10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)
11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)
12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)
Scotland's team:
15-Sean Maitland, 14-Darcy Graham, 13-Nick Grigg, 12-Sam Johnson, 11-Byron McGuigan, 10-Finn Russell, 9-Ali Price, 8-Magnus Bradbury, 7-Hamish Watson, 6-Sam Skinner, 5-Grant Gilchrist, 4-Ben Toolis, 3-Willem Nel, 2-Stuart McInally (captain), 1-Allan Dell
Replacements: 16-Fraser Brown, 17-Gordon Reid, 18-Simon Berghan, 19-Jonny Gray, 20-Josh Strauss, 21-Greig Laidlaw, 22-Adam Hastings, 23-Chris Harris
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Results for Stage 2
Stage 2 Yas Island to Abu Dhabi, 184 km, Road race
Overall leader: Primoz Roglic SLO (Team Jumbo - Visma)
Stage winners: 1. Fernando Gaviria COL (UAE Team Emirates) 2. Elia Viviani ITA (Deceuninck - Quick-Step) 3. Caleb Ewan AUS (Lotto - Soudal)
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now