When Claudia Riumallo Pineda wakes up, it does not take her long to know where she is.
From her bedroom window she can see the Johan Cruyff Stadium inside Barcelona's Ciutat Esportiva training ground, where she dreams of one day playing for the women's first team.
She is on the right track. The 18-year-old is one of nine trailblazers who this season became the first female players to enrol at La Masia, Barca's famed football academy and proving ground for the likes of Lionel Messi, Andres Iniesta and Xavi.
Since its opening in 1979 as an old house next to Camp Nou, La Masia has never had female residents.
But the women's team has been knocking on the door for a long time, with Barcelona Femeni winning the Champions League, Liga Femenina and Copa de la Reina last season.
"This year they have given us La Masia, which is a gift," says Claudia, who for years had to travel an hour by car from her town of Girona just to be able to train with girls.
After playing for local rivals Espanyol, she now represents Barca B and in the afternoons studies chemistry at university.
Shaken by financial crisis and the unexpected departure of Messi, most of the good news around the club these days comes from the women's team.
As well as last season's treble, Barca's captain Alexia Putellas was chosen as UEFA's best player of the year and is now also nominated, along with four teammates, for the Women's Ballon d'Or.
"It's a huge responsibility because we are the pioneers but it's also nice to know that you are one of the first women to go to La Masia," says Laura Coronado, an 18-year-old goalkeeper.
Coronado's photo, like that of the 105 others at La Masia spread across the club's five professional sports, now hangs in the reception of the more modern complex that took over from the original in 2011.
Gavi, the latest gem of the men's team, arrived when he was eleven years old and continues to live there. The 19-year-old Ansu Fati is also a former resident.
"The good thing we have at this club is the mirror is very clear," explains Markel Zubizarreta, sporting director of Barcelona Femeni. "We just have to look at the men's side to see what we have to aim for."
From strength to strength
In the corridor heading towards the games room is another reminder: a mural on the wall in tribute to the game between Levante and Barca on November 25, 2012.
It was another win that contributed to Barca winning the title that year but also a milestone for La Masأa, after Barcelona had 11 homegrown players on the pitch, not to mention the coach, the late Tito Vilanova.
At that time it was difficult to imagine how the female team could find breathing space at a club where the men's team was so dominant - but the wonen's game continues to go from strength to strength.
In 2020, there were 77,400 licensed female players in Spain, 7.2 percent of all the federated footballers, according to statistics from the Ministry of Sports.
It is still a small figure, but a clear improvement from 2011, when there were only 36,200, 4.3 percent of the total.
"There are many things that are still missing, such as professionalisation in the League," says Coronado.
"We know the salaries are not going to be equal, but we would like to be able to live more comfortably from football, and that's what we're fighting for."
Spain's Ministry for Sport approved the professionalisation of La Liga Femenina in June but negotiations to see it through are proving complicated.
For all
Like many of her generation, Barca defender Jana Fernandez started out playing with boys.
At six years old, she convinced her parents to let her join her local team and, now 19, she has already won the treble. But the road has not been easy.
"I try to remind the girls who are at La Masia now to take advantage as much as possible because I would have loved to be here," explains Fernandez, who combines professional football with a career in advertising.
Women's sport has taken a big leap in recent years, but there is still work to do.
"We want to fight to get more and more for those playing now," says Fernandez. "And for those that are still to come."
Defence review at a glance
• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”
• Prioritise a shift towards working with AI and autonomous systems
• Invest in the resilience of military space systems.
• Number of active reserves should be increased by 20%
• More F-35 fighter jets required in the next decade
• New “hybrid Navy” with AUKUS submarines and autonomous vessels
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
RESULTS
6.30pm: Maiden (TB) Dh 82,500 (Dirt) 1.600m
Winner: Miller’s House, Richard Mullen (jockey), Satish Seemar (trainer).
7.05pm: Maiden (TB) Dh 82,500 (D) 2,000m
Winner: Kanood, Adrie de Vries, Fawzi Nass.
7.50pm: Handicap (TB) Dh 82,500 (D) 1,600m
Winner: Gervais, Sandro Paiva, Ali Rashid Al Raihe.
8.15pm: The Garhoud Sprint Listed (TB) Dh 132,500 (D) 1,200m
Winner: Important Mission, Royston Ffrench, Salem bin Ghadayer.
8.50pm: The Entisar Listed (TB) Dh 132,500 (D) 2,000m
Winner: Firnas, Xavier Ziani, Salem bin Ghadayer.
9.25pm: Conditions (TB) Dh 120,000 (D) 1,400m
Winner: Zhou Storm, Connor Beasley, Ali Rashid Al Raihe.
'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
The specs
Price, base / as tested Dh135,000
Engine 1.6L turbo
Gearbox Six speed automatic with manual and sports mode
Power 165hp @ 6,000rpm
Torque 240Nm @ 1,400rpm 0-100kph: 9.2 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
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.”
MATCH INFO
Newcastle 2-2 Manchester City
Burnley 0-2 Crystal Palace
Chelsea 0-1 West Ham
Liverpool 2-1 Brighton
Tottenham 3-2 Bournemouth
Southampton v Watford (late)
RESULTS
Manchester United 2
Anthony Martial 30'
Scott McTominay 90 6'
Manchester City 0
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
Russia 0
If you go
The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.
The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).
When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.
