Barcelona have told French attacker Ousmane Dembele that he must leave the club before the end of January.
Dembele, who joined the La Liga giants from Borussia Dortmund in 2017 in a deal worth €140 million, has yet to agree a new deal and can leave for free when his contract expires in the summer.
Debt-ridden Barca are desperate to avoid that scenario and want to pocket some cash in the current transfer window.
“With Ousmane and his agent we began conversations around July so it's been six months and a bit,” said Barcelona director of football Mateu Alemany.
“We've talked, we've talked, we've talked. Barca has made different offers.
“We've tried to find a way for the player to continue with us but these offers have been systematically rejected by his agents and today, January 20, eleven days before the last period of his contract ends, it seems obvious to us that the player does not want to continue at Barcelona and he is not committed to Barca's future project.
“In this scenario he and his agents have been informed that he must leave immediately because we want players committed to this project and therefore we hope that a transfer will take place before January 31.”
Manager Xavi Hernandez left the 24-year-old out of his squad to Athletic Bilbao in their last-16 Copa del Rey clash on Thursday.
Barca 2 Real Madrid 3: Spanish Super Cup semi-final player ratings
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BARCELONA RATINGS: Marc-Andre ter Stegen 7 Needed to be alert as Madrid started well and continued to threaten. Left exposed for the first. Excellent save from the outstanding Benzema on 72 minutes but couldn’t prevent the rebound. AP -

Dani Alves 7 Smart early stops against his compatriot Vinicius but yellow carded for stopping the rapid foe after 50 minutes. He took that one for the team. Did well for an hour before tiring. AFP -

Gerard Pique 7 Played his 42nd clasico at the back of a high line which was a risky back three, but a risk worth taking in an enthralling game that went to extra time. Barca twice came back against the La Liga leaders, but couldn’t a third time. Reuters -

Ronald Araujo 8 Felt his hamstring after trying to keep up with Vinicius and couldn’t keep up with the Brazilian when he put Madrid ahead after 26. Fast. Frustrated by Madrid, but Barca’s best defender as he closed down opponents and fared well in one on ones. AFP -

Jordi Alba 6 Smart cross to Fati for Barca’s equaliser. Found himself in a 3-2-3-2 formation in a fast paced and entertaining game for a side that is seeing its best players return. AFP -

Sergio Busquets 7 Dispossessed by Benzema which led to Madrid’s opener. Most of the play from a young side full of character went through him. Beautiful ball forward towards Fati on 89 as Barca pushed for a winner. Shot low after 100 minutes. He’s never scored in all those clasicos. Reuters -

Frenkie De Jong 6 Recovered to start the game and his side kept the ball well. AFP -

Gavi 6 Sent off for two yellows at the weekend, which cost his team. Still aggressive, but oh so gifted in a very open game where both sides attacked. AFP -

Ferran Torres 6 Barca debut for the new signing and his first match since October. Started on left of a front three. Yellow card. Did ok, didn’t look out of place after injury. Brought off at half time. AFP -

Ousmane Dembele 8 Barca’s best player in the first half. Promising early movement on the left and worked hard in coming back. Crossed for De Jong’s equaliser and almost had a breakthrough for a winner. Chance in extra time, too. AFP -

Luuk de Jong 7 Derided, but in form and fine in the air, winning two headers from crosses in the first half. Then equalised – though he knew little about it – after 43. Third goal in as many games. Reuters -

SUBS: Pedri 7 On at half time for F De Jong for only his fourth game of the season (he was near ever present last term) and first since September. Immediate reverse pass towards Dembele showed his vision. Then he struck a low shot wide of the post. He’s been missed. He’s also more muscular. AP -

Abde Ezzalzouli 5 On at half time for Torres. Covered well for Alves. Should have done better than to head wide three minutes into extra time. AFP -

Ansu Fati 8 On for Luuk de Jong after 63 and played as a false nine. Rose perfectly between Madrid’s central defenders to head in Barca’s second for his first goal of the season. Such a talent and still a teenager. AFP -

Memphis Depay 6 On for Gavi after 78. A brave substitution by Xavi who put more attackers in an already attacking line up. AFP -

Nico 6 On for Alves after 78 with instructions to attack. Couldn’t prevent Madrid recording a fifth successive win over their great rivals. Ferran Jutgla On for Abde after 109 minutes, the former Espanyol B and Barca B player came on as Xavi wanted to get back into the game. Went central up front. AP -

READ MADRID RATINGS: Thibaut Courtois 7 Couldn’t do much about the goals conceded but stood up well to Barcelona efforts from range. Quick to react to dangerous situations. AFP -

Ferland Mendy 8 Showed confidence on the left flank and wasn’t afraid to run at Dani Alves - and that was crucial in the second goal: The 26-year-old burst past his man and picked the right pass which eventually led to Benzema sending Real Madrid into the lead. Looked assured at the back. AFP -

Nacho 5 Nacho was too disorganised when defending crosses and had to do better commanding the backline as a more experienced star in the side. AFP -

Eder Militao 5 It’s not clear who Militao was marking for either of Barcelona’s equalisers. The centre-back looked lost for both goals, and while he was reliable defending 1v1, he looked troubled by balls into the box. AP -

Dani Carvajal 7 Strong in the tackle at right-back and gave an impressive account of himself with a difficult task against Ousmane Dembele and Ansu Fati. Barcelona’s tricky wingers tried to get past Carvajal, but they didn't find much success. AP -

Casemiro 7 Played a good part in the third goal and that capped off a solid performance from the Brazilian, who anchored the middle of the park well and was strong in the challenge. AP -

Toni Kroos 7 Quickly transitioned play to spread the ball to Real Madrid’s wingers and showed some neat patterns of play with first time passes to cut through the lines. AFP -

Luka Modric 7 Controlled the game from midfield and rarely put a pass wrong, working tirelessly to help his side out in defence. AP -

Vinicius Jr 8 The Brazilian’s pace and trickery caused problems for Barcelona all game, and that was no different with the opening goal as he timed his run to perfection and finished emphatically. AFP -

Karim Benzema 9 Good overall forward play and made no mistake with his calm finish that came moments after he had struck the post. Picked up an assist for Vinicius Jr’s opening goal. AFP -

Marco Asensio 6 A quieter display than usual from Asensio who did have some opportunities of promise but he never made the most of them. Eventually substituted in the 68th minute for Rodrygo. AFP -

SUBS: Rodrygo (Asensio, 68) 7 Showed excellent composure on the break, utilising his pace before picking out Valverde who finished to put Real Madrid into the lead for the third time. Looked certain to score in the final seconds but got the finish all wrong. AP -

Federico Valverde (Modric, 83) 8 Injected energy into the midfield and produced a cool finish to reinstate Real's lead. Reuters -

Lucas Vazquez (Carvajal 91) 7 On for Carvajal for extra time and defended well, not fooled by Ansu Fati who looked to dive in an attempt to win a penalty. AFP -

Eduardo Camavinga (Vinicius Jr 110) N/A Got the pass all wrong with the chance to seal the game in the 116th minute. AFP
Dembele has been linked with a host of clubs, including Premier League sides Manchester United, Liverpool and Saudi-backed Newcastle United.
“He wants to stay but it has not been agreed so we have to make a decision as a club and that is either to renew or find an exit,” said Xavi, who took over at Camp Nou in November.
“It's a shame. He has played every possible minute since I have been coach. It is not an easy or pleasant situation, but the interests of the club are paramount.”
Dembele has struggled with injuries during his spell in Spain, making 87 La Liga appearances in four-and-a-half seasons, scoring 18 goals. He has been capped 27 times by France scoring four goals.
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RESULTS
Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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
'Texas Chainsaw Massacre'
Rating: 1 out of 4
Running time: 81 minutes
Director: David Blue Garcia
Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham
A general guide to how active you are:
Less than 5,000 steps - sedentary
5,000 - 9,999 steps - lightly active
10,000 - 12,500 steps - active
12,500 - highly active
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
Unresolved crisis
Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.
Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.
The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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.”
On Women's Day
Dr Nawal Al-Hosany: Why more women should be on the frontlines of climate action
Samar Elmnhrawy: How companies in the Middle East can catch up on gender equality
The National Editorial: Is there much to celebrate on International Women's Day 2021?
Justin Thomas: Challenge the notion that 'men are from Mars, women are from Venus'
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Mohammed bin Zayed Majlis
Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
What is dialysis?
Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.
It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.
There are two kinds of dialysis — haemodialysis and peritoneal.
In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.
In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.
It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
While you're here
National Editorial: World trade has started to look inwards
Callum Patton: ‘Arrival of Asian century’ has eclipsed US
Robin Mills: Importance of China's energy markets clearer
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
ATP WORLD No 1
2004 Roger Federer
2005 Roger Federer
2006 Roger Federer
2007 Roger Federer
2008 Rafael Nadal
2009 Roger Federer
2010 Rafael Nadal
2011 Novak Djokovic
2012 Novak Djokovic
2013 Rafael Nadal
2014 Novak Djokovic
2015 Novak Djokovic
2016 Andy Murray
2017 Rafael Nadal
2018 Novak Djokovic
2019 Rafael Nadal
Key changes
Commission caps
For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:
• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term).
• On the protection component, there is a cap of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).
• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated.
• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.
• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.
Disclosure
Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.
“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”
Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.
Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.
“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.
Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.
Conservative MPs who have publicly revealed sending letters of no confidence
- Steve Baker
- Peter Bone
- Ben Bradley
- Andrew Bridgen
- Maria Caulfield
- Simon Clarke
- Philip Davies
- Nadine Dorries
- James Duddridge
- Mark Francois
- Chris Green
- Adam Holloway
- Andrea Jenkyns
- Anne-Marie Morris
- Sheryll Murray
- Jacob Rees-Mogg
- Laurence Robertson
- Lee Rowley
- Henry Smith
- Martin Vickers
- John Whittingdale
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
While you're here
Tom Fletcher: How statecraft and summitry will have to adapt
Taylor Luck: Jordanians pin hopes on rebuilding chances in Syria
Gillian Duncan: Progress is slow for women in field of diplomacy
COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5

