Jurgen Klopp has said that his Liverpool team “have to be ready to suffer” if they want to reach this season's Champions League final.
The Premier League club take on Villarreal in Tuesday's semi-final second leg in Spain defending a 2-0 from the first game at Anfield.
Liverpool remain in the hunt for what would be a historic trophy quadruple and have lost only three times in all competitions this term. And while they remain in pole position to secure their latest euro final spot, Klopp has warned his players they must prepare themselves for a difficult night at El Madrigal.
“With all these things during the season, obviously with the situation we are in, we must have done something right, that is clear,” said the German on Monday.
“But the problem in our job is everything’s perfect until the next game starts on the wrong foot and all of a sudden the game gets a different dynamic.
“It is good to know – and it is more a feeling inside, not that we are flying constantly and high-fiving here and there – we are in a good moment.
“But my only concern is what we do [on Tuesday] and we have to be ready to suffer but not going 1-0 down or whatever – that can happen in football matches – but giving the game the right direction.
“Let’s think they have the first shot on target, crowd goes up, each challenge, crowd goes up and that is how it is.”
Klopp said a prime example of this was during their narrow Premier League victory at Newcastle United on Saturday. “The crowd was obviously very passionate but we did not let it happen, which was the biggest quality of this game,” he added.
How Villarreal and Liverpool reached the semi-finals
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HOW VILLARREAL AND LIVERPOOL REACHED CL SEMI-FINALS - GROUP F: September 14, 2021 - Villarreal 2 (Trigueros 39', Danjuma 73') Atalanta 2 (Freuler 6', Gosens 83'). Villarreal midfielder Dano Parejo said: “Of course, we wanted to win and get off to a winning start at home ... but little by little we were able to start playing our football. I’m happy with the effort our boys put in." Getty -

GROUP B: September 15, 2021 - Liverpool 3 (Tomori og 9', Salah 48', Henderson 69') AC Milan 2 (Rebic 42', Diaz 44'). Liverpool manager Jurgen Klopp said: "We started incredibly well. We played a super, super game. An intense game but football wise as well. It is deserved but we had 10 minutes where Milan nearly changed the whole tie." Getty -

GROUP B: September 28, 2021 - Porto 1 (Taremi 74') Liverpool 5 (Salah 18', 60', Mane 45'), Firmino 77', 81'). Klopp said: "First and foremost the most important thing is the result. It is a massive one away at Porto. Winning, and the way we won, makes it better. It was good in lots of moments." Getty -

GROUP F: September 29, 2021 - Manchester United 2 (Telles 60', Ronaldo 90'+5) Villarreal 1 (Alcacer (53'). Villarreal defender Pau Torres said: "We're annoyed. The game was basically over, we just needed to see it out and we didn't. We need to learn from this. We were impeccable before that ... being better than Man Utd at Old Trafford." Reuters -

GROUP B: October 19, 2021 - Atletico Madrid 2 (Griezmann 20', 34') Liverpool 3 (Salah 8', pen 78'minutes , Keita 13'). Klopp said: "A tough game which we expected. Did we expect it to be that defensive? Probably not. It was not so easy. We played a really solid second half in a tough game with intense football from both teams." EPA -

GROUP F: October 20, 2021 - Young Boys 1 (Elia 77') Villarreal 4 (Pino 6', Moreno 16', Moreno 88', Chukwueze 90'+). Villarreal manager Unai Emery said: "They put a lot of players in the box, and we knew that our goalkeeper was going to have a lot of work today. Rulli did great and we are happy for him, he really helped the team." EPA -

GROUP F: November 2, 2021 - Villarreal 2 Capoue 36', Danjuma 89') Young Boys 0. Villarreal midfielder Dani Parejo said: "These two consecutive wins are very important for us. We're playing at home in front of our fans and winning today meant we are near the top of the group. There are two very difficult games left, but we believe in ourselves." AFP -

GROUP B: October 19, 2021 - Liverpool 2 (Jota 13', Mane 21') Atletico Madrid 0. Klopp said: "I think the game was nearly perfect. We scored the goals in the right moments. I didn't expect we would be through after four games but the boys did it and it's really well deserved." AP -

GROUP F: November 23, 2021 - Villarreal 0 Manchester United 2 (Ronaldo 78', Sancho 90'). Villarreal midfielder Emery said: "I'll take positives from the 60 or 70 minutes that we were the better side than the favourites tonight. In the end, they were better and we couldn't force a draw after going behind. These things happen and we now need to focus on trying to qualify against Atalanta." EPA -

GROUP B: Novmeber 24, 2021 - Liverpool 2 (Thiago 52', Salah 70') Porto 0. Klopp said: "We could have done better and been more calm in the first half but we were a bit hectic. That is not unusual when you put a team out that has not played together a lot. Thiago's goal, wow! It is so important, so many good things happened tonight." EPA -

GROUP B: December 7, 2021 - AC Milan 1 (Tomori 28') Liverpool 2 (Salah 36'), Origi 55'). Klopp said: "What the boys did tonight I could not be more proud. It was an incredible game. I am so happy. The performance was outstanding. Having 21 shots, so many situations where we played outstandingly well." EPA -

GROUP F: December 9, 2021 - Atalanta 2 (Malinovskyi 71', Zapata 80') Villarreal 3 (Danjuma 3', 51', Capoue 42'). Villarreal midfielder Etienne Capoue: "The key was to be clinical tonight. We did that really well. Every opportunity we had, we scored. That's the most important thing in football. Big teams do that and we did that tonight. We are really proud." EPA -
![LAST-16 FIRST LEG: February 16, 2022 - Inter Milan 0 Liverpool 2 (Firmino 75'), Salah 83'). Liverpool defender Andy Robertson said: "We need to be better than we were tonight to make sure we reach the last eight, but we have the benefit of having two goals. If we don't put in a good performance [at Anfield] we won't be through." AP](https://www.thenationalnews.com/resizer/v2/HDDMOHAHEZ7VFS2HDBS7YW6ZUY.jpg?smart=true&auth=8fcf11c9b5d27498fc7a2bd96c95241f3877dfbbe434747c77b90b3a54236e19&width=400&height=225)
LAST-16 FIRST LEG: February 16, 2022 - Inter Milan 0 Liverpool 2 (Firmino 75'), Salah 83'). Liverpool defender Andy Robertson said: "We need to be better than we were tonight to make sure we reach the last eight, but we have the benefit of having two goals. If we don't put in a good performance [at Anfield] we won't be through." AP -

LAST-16 FIRST LEG: February 22, 2022 - Villarreal 1 (Parejo 66') Juventus 1 (Vlahovic 1'). Capoue said: "It's a bit of frustration as we need to win these games at home, but we played a good game. It's really tough to score against a side like Juventus, but we did that and we believe we can go through. It'll be tough, but we can do it." Reuters -

LAST-16 SECOND LEG: March 8, 2022 - Liverpool 0 Inter Milan 1 (Martinez 61'). Liverpool win 2-1 on aggregate. Klopp said: "The art of football is to lose the right games. I still hate it, but if there was any game we could have afforded to lose it was this one because the main target of this competition is to get through. I'm really happy ... because when we saw the draw it was 'OK, that's a tough one'." Reuters -
![LAST-16 SECOND LEG: March 16, 2022 - Juventus 0 Villarreal 3 (Moreno pen 78'), Torres 85', Danjuma pen 90'+2). Villarreal win 4-1 on aggregate. Villarreal defender Pau Torres said: "Not even in our best planning sessions for the game did we think we'd win with that scoreline. We knew they'd have chances. [Villarreal goalkeeper] Rulli was great and we were a little lucky, but you need that." EPA](https://www.thenationalnews.com/resizer/v2/HY74TQSZMWYCZUTJPHYHAUS2G4.jpg?smart=true&auth=2c189cfb1d098462705275b36cee2bd68673a16292d9bd8d901a87ccf00cbd74&width=400&height=225)
LAST-16 SECOND LEG: March 16, 2022 - Juventus 0 Villarreal 3 (Moreno pen 78'), Torres 85', Danjuma pen 90'+2). Villarreal win 4-1 on aggregate. Villarreal defender Pau Torres said: "Not even in our best planning sessions for the game did we think we'd win with that scoreline. We knew they'd have chances. [Villarreal goalkeeper] Rulli was great and we were a little lucky, but you need that." EPA -

QUARTER-FINAL FIRST LEG: April 6, 2022 - Benfica 1 (Nunez 49') Liverpool 3 (Konate 17', Mane 34', Díaz 87'). Klopp said: "Coming here and winning an away game in the Champions League is tough. Obviously, Benfica fought for their lives. We could have scored in the last minute - the fourth one would be nice but we're not in dreamland here. EPA -
![QUARTER-FINAL FIRST LEG: April 6, 2022 - Villarreal 1 (Danjuma 8') Bayern Munich 0. Villarreal winger Arnaut Danjuma said: "Champions League nights are incomparable. We can still be so much better than we've shown today. Then again, if you win 1-0 against Bayern and can still improve, that's a positive. Unai [Emery] is a tactical mastermind. We're confident in him and he's confident in us." Reuters](https://www.thenationalnews.com/resizer/v2/NMAR7SKYUCLAHOYP5HRWA7AHIU.jpg?smart=true&auth=d4955635a483f02736fb571032a302119c8da21f7835aa4441fdfa57029e2b65&width=400&height=225)
QUARTER-FINAL FIRST LEG: April 6, 2022 - Villarreal 1 (Danjuma 8') Bayern Munich 0. Villarreal winger Arnaut Danjuma said: "Champions League nights are incomparable. We can still be so much better than we've shown today. Then again, if you win 1-0 against Bayern and can still improve, that's a positive. Unai [Emery] is a tactical mastermind. We're confident in him and he's confident in us." Reuters -

QUARTER-FINAL SECOND LEG: April 12, 2022 - Bayern Munich 1 (Lewandowski 52') Villarreal 1 (Chukwueze 88'). Villarreal win 2-1 on aggregate. Emery said: "It's an extraordinary feeling, it was not easy for us. We are moving forward step by step ... but our goal before this game was not to give a good image of us, it was to qualify. To achieve something, you have to do important things and beat the favourites." Getty -

QUARTER-FINAL FIRST LEG: April 6, 2022 - Liverpool 3 (Konate 21', Firmino 55', 65') Benfica 3 (Ramos 32'), Yaremchuk 73', Nunez 82'). Liverpool win 6-4 on aggregate. Klopp said: "The day we qualify for the Champions League semi-final and I'm not happy please come and knock me out. It was not exactly what we wanted but ... we are through and that's all that matters." EPA
“It was not a show of football brilliance or whatever. We had our moments and of course could have scored more goals. But how clear-cut the performance was – that was incredible and that is what we have to be.
“Yes, emotional. Yes, ready to play the best game ever, but knowing it will just not happen in all moments. Suffering doesn’t mean you suffer for long, it means you suffer [clicks fingers] and then react.”
Klopp added that “maturity and experience” will be important but not decisive factors. “They will try to play much more football than we allowed them in the first game,” he said.
“Unai will surely try to adapt a few things. It will be really interesting. Maturity is important but not the only thing.
“Everything we are is required [on Tuesday]. We have to be ready to play a top game because they will go for us. They will try to play much more football than we allowed them in the first game.”
Klopp revealed that forward Roberto Firmino has started running again after a foot injury but was still experiencing pain and will not play in Spain.
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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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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
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