• Gabriel Jesus and Jack Grealish celebrate with the Premier League trophy. Getty
    Gabriel Jesus and Jack Grealish celebrate with the Premier League trophy. Getty
  • Ederson, Fernandinho and Gabriel Jesus pose with the Premier League trophy. Getty
    Ederson, Fernandinho and Gabriel Jesus pose with the Premier League trophy. Getty
  • Ilkay Gundogan celebrates with Gabriel Jesus after scoring Manchester City's third goal against Aston Villa. Getty
    Ilkay Gundogan celebrates with Gabriel Jesus after scoring Manchester City's third goal against Aston Villa. Getty
  • Gabriel Jesus gestures to the fans during the Premier League match between Manchester City and Aston Villa. Getty
    Gabriel Jesus gestures to the fans during the Premier League match between Manchester City and Aston Villa. Getty
  • Gabriel Jesus during the Premier League match between Manchester City and Aston Villa. AFP
    Gabriel Jesus during the Premier League match between Manchester City and Aston Villa. AFP
  • Gabriel Jesus in action during Manchester City's Premier League match against Aston Villa. Reuters
    Gabriel Jesus in action during Manchester City's Premier League match against Aston Villa. Reuters
  • Gabriel Jesus celebrates with teammates after scoring for Manchester City. PA
    Gabriel Jesus celebrates with teammates after scoring for Manchester City. PA
  • Gabriel Jesus celebrates after scoring for Manchester City against Leeds United. AFP
    Gabriel Jesus celebrates after scoring for Manchester City against Leeds United. AFP
  • Gabriel Jesus battles for possession with Daniel Carvajal during the Champions League semi-final between Manchester City and Real Madrid. Getty
    Gabriel Jesus battles for possession with Daniel Carvajal during the Champions League semi-final between Manchester City and Real Madrid. Getty
  • Gabriel Jesus celebrates with Phil Foden after scoring for Manchester City against Leeds. Getty
    Gabriel Jesus celebrates with Phil Foden after scoring for Manchester City against Leeds. Getty

Gabriel Jesus completes £45m move to Arsenal from Manchester City


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Brazilian forward Gabriel Jesus has completed his move to Arsenal after signing a long-term contract, the Premier League club announced on Monday.

Jesus, 25, had spent five-and-a-half seasons at Manchester City, where he won four Premier League titles, three League Cups, and the 2019 FA Cup, scoring 95 goals and providing 46 assists across 234 appearances in all competitions. The transfer fee is reported to be £45 million ($55.3m).

Jesus was a firm favourite of City manager Pep Guardiola, who described the Brazilian as the best high pressing forward in world football. However, the arrival of Erling Haaland from Borussia Dortmund was set to limit his chances of playing as City's central striker next season, which would have been the final year of his contract.

"It's been a pleasure to play for Manchester City," Jesus said.

"I feel like I am a better player now than when I arrived - and to win 11 trophies has been amazing. My four Premier League titles are particularly special for me.

"I want to thank everyone at City - the manager, my teammates and the fans - for all the support they have given me over the past five-and-a-half years."

Jesus' arrival continues an active summer of recruitment for Arsenal and fills the void in attack left by the departures of Pierre-Emerick Aubameyang - following his January move to Barcelona - and Alexandre Lacazette, who returned to Lyon this summer after his contract expired.

He will compete for the centre forward position at Arsenal with 23-year-old England youth international Eddie Nketiah, who agreed a long-term contract extension this month.

The Brazil international, who has 56 caps for his country, is Arsenal's fourth signing of the off-season following the arrivals of Brazilian midfielder Marquinhos, American goalkeeper Matt Turner, and Portuguese midfielder Fabio Vieira.

50 notable summer transfers

  • Perr Schuurs - Ajax to Torino (£8m). AFP
    Perr Schuurs - Ajax to Torino (£8m). AFP
  • Paco Alcacer - Villarreal to Sharjah (loan). Getty Images
    Paco Alcacer - Villarreal to Sharjah (loan). Getty Images
  • Matheus Nunes - Sporting to Wolves (£38m). AFP
    Matheus Nunes - Sporting to Wolves (£38m). AFP
  • Tanguy Nianzou - Bayern Munich to Sevilla (£16.9m). AFP
    Tanguy Nianzou - Bayern Munich to Sevilla (£16.9m). AFP
  • Alan Virginius - Sochaux to Lille (£3.8m). AFP
    Alan Virginius - Sochaux to Lille (£3.8m). AFP
  • Thilo Kehrer - PSG to West Ham (£10.1m). Getty Images
    Thilo Kehrer - PSG to West Ham (£10.1m). Getty Images
  • Pervis Estupinan - Villarreal to Brighton (£15.1m). Getty Images
    Pervis Estupinan - Villarreal to Brighton (£15.1m). Getty Images
  • Destiny Udogie - Udinese to Tottenham (£15.1m). Loaned back to Udinese. Reuters
    Destiny Udogie - Udinese to Tottenham (£15.1m). Loaned back to Udinese. Reuters
  • Sergio Gomez - Anderlecht to Manchester City (£11m). Photo: Manchester City
    Sergio Gomez - Anderlecht to Manchester City (£11m). Photo: Manchester City
  • Alex Collado - Barcelona to Elche (loan). AFP
    Alex Collado - Barcelona to Elche (loan). AFP
  • Remo Freuler - Atalanta to Nottingham Forest (£9m). AP
    Remo Freuler - Atalanta to Nottingham Forest (£9m). AP
  • Marc Bartra - Real Betis to Tranbzonspor (undisclosed fee). Getty Images
    Marc Bartra - Real Betis to Tranbzonspor (undisclosed fee). Getty Images
  • Giovani Lo Celso - Tottenham to Villarreal (loan). Getty Images
    Giovani Lo Celso - Tottenham to Villarreal (loan). Getty Images
  • Cheikhou Kouyate - Crystal Palace to Nottingham Forest (free). Getty Images
    Cheikhou Kouyate - Crystal Palace to Nottingham Forest (free). Getty Images
  • Emmanuel Dennis - Watford to Nottingham Forest (£20m). Getty Images
    Emmanuel Dennis - Watford to Nottingham Forest (£20m). Getty Images
  • Nico González - Barcelona to Valencia (loan). AP Photo
    Nico González - Barcelona to Valencia (loan). AP Photo
  • Luca Pellegrini - Juventus to Eintracht Frankfurt (loan). AFP
    Luca Pellegrini - Juventus to Eintracht Frankfurt (loan). AFP
  • Daniel Wass - Atletico Madrid to Brondby (£1.7m). EPA
    Daniel Wass - Atletico Madrid to Brondby (£1.7m). EPA
  • Pablo Marí - Arsenal to Monza (loan). AP
    Pablo Marí - Arsenal to Monza (loan). AP
  • Dries Mertens - Napoli to Galatasaray (free). AFP
    Dries Mertens - Napoli to Galatasaray (free). AFP
  • Jordan Veretout - Roma to Marseille (£9.3m). Reuters
    Jordan Veretout - Roma to Marseille (£9.3m). Reuters
  • Christian Benteke - Crystal Palace to DC United (undisclosed fee). AFP
    Christian Benteke - Crystal Palace to DC United (undisclosed fee). AFP
  • Maxwell Cornet - West Ham United to Burnley (£17.5m). PA
    Maxwell Cornet - West Ham United to Burnley (£17.5m). PA
  • Georginio Wijnaldum - PSG to Roma (loan). AFP
    Georginio Wijnaldum - PSG to Roma (loan). AFP
  • Lucas Torreira - Arsenal to Galatasaray (£5m). AFP
    Lucas Torreira - Arsenal to Galatasaray (£5m). AFP
  • Marc Cucurella - Brighton to Chelsea (£55m). Getty Images
    Marc Cucurella - Brighton to Chelsea (£55m). Getty Images
  • Ademola Lookman - RB Leipzig to Atalanta (£12.6m). PA via AP
    Ademola Lookman - RB Leipzig to Atalanta (£12.6m). PA via AP
  • Renato Sanches - Lille to Paris Saint-Germain (£12.6m). AFP
    Renato Sanches - Lille to Paris Saint-Germain (£12.6m). AFP
  • Riqui Puig - Barcelona to LA Galaxy (free). AP Photo
    Riqui Puig - Barcelona to LA Galaxy (free). AP Photo
  • Alex Telles - Manchester United to Sevilla (loan). AFP
    Alex Telles - Manchester United to Sevilla (loan). AFP
  • Carney Chukwuemeka - Aston Villa to Chelsea (£20m). Reuters
    Carney Chukwuemeka - Aston Villa to Chelsea (£20m). Reuters
  • Kasper Schmeichel - Leicester City to Nice (£1m). AFP
    Kasper Schmeichel - Leicester City to Nice (£1m). AFP
  • Mattia Viti - Empoli to Nice (£10.9m). AFP
    Mattia Viti - Empoli to Nice (£10.9m). AFP
  • Gabriel Slonina - Chicago Fire to Chelsea (£8.3m). Reuters
    Gabriel Slonina - Chicago Fire to Chelsea (£8.3m). Reuters
  • Bernd Leno - Arsenal to Fulham (£3m). AFP
    Bernd Leno - Arsenal to Fulham (£3m). AFP
  • Charles De Ketelaere - Club Brugge to AC Milan (£26.8m). AFP
    Charles De Ketelaere - Club Brugge to AC Milan (£26.8m). AFP
  • Joe Rodon - Tottenham to Stade Rennais (loan). AFP
    Joe Rodon - Tottenham to Stade Rennais (loan). AFP
  • Borja Mayoral - Real Madrid to Getafe (£8.4m). EPA
    Borja Mayoral - Real Madrid to Getafe (£8.4m). EPA
  • Cesc Fabregas - Monaco to Como (free). EPA
    Cesc Fabregas - Monaco to Como (free). EPA
  • Alexis Beka Beaka - Lokomotiv Moscow to Nice (£11.7m). AFP
    Alexis Beka Beaka - Lokomotiv Moscow to Nice (£11.7m). AFP
  • Marcus Tavernier -Middlesbrough to Bournemouth (£10m). Getty Images
    Marcus Tavernier -Middlesbrough to Bournemouth (£10m). Getty Images
  • Aaron Ramsey - Juventus to Nice (free). AFP
    Aaron Ramsey - Juventus to Nice (free). AFP
  • Orel Mangala - Stuttgart to Nottingham Forest (£12.7m). AFP
    Orel Mangala - Stuttgart to Nottingham Forest (£12.7m). AFP
  • David Raum - Hoffenheim to RB Leipzig (£21.8m). Getty Images
    David Raum - Hoffenheim to RB Leipzig (£21.8m). Getty Images
  • Oscar Mingueza - Barcelona to Celta Vigo (£2.5m). Getty Images
    Oscar Mingueza - Barcelona to Celta Vigo (£2.5m). Getty Images
  • Jules Kounde - Sevilla to Barcelona (£45m). AFP
    Jules Kounde - Sevilla to Barcelona (£45m). AFP
  • Dwight McNeil - Burnley to Everton (£20m). Getty Images
    Dwight McNeil - Burnley to Everton (£20m). Getty Images
  • Arnaud Kalimuendo - PSG to Rennes (£21m). Getty Images
    Arnaud Kalimuendo - PSG to Rennes (£21m). Getty Images
  • Filip Kostic - Eintracht Frankfurt to Juventus (£14.4m). EPA
    Filip Kostic - Eintracht Frankfurt to Juventus (£14.4m). EPA
  • Salvatore Sirigu - Genoa to Napoli (free). Reuters
    Salvatore Sirigu - Genoa to Napoli (free). Reuters
  • Mikkel Damsgaard - Sampdoria to Brentford (£12.7m). EPA
    Mikkel Damsgaard - Sampdoria to Brentford (£12.7m). EPA
  • Malang Sarr - Chelsea to Monaco (loan). AFP
    Malang Sarr - Chelsea to Monaco (loan). AFP
  • Issa Diop - West Ham United to Fulham (£15m). Getty Images
    Issa Diop - West Ham United to Fulham (£15m). Getty Images
  • Alexis Sanchez - Internazionale to Marseille (free). Getty Images
    Alexis Sanchez - Internazionale to Marseille (free). Getty Images
  • Timo Werner - Chelsea to RB Leipzig (£18m). AP
    Timo Werner - Chelsea to RB Leipzig (£18m). AP
  • Amadou Onana - Llle to Everton (£33.8m). AFP
    Amadou Onana - Llle to Everton (£33.8m). AFP
  • Emirhan Ilkhan - Besiktas to Torino (£3.8m). PA
    Emirhan Ilkhan - Besiktas to Torino (£3.8m). PA
  • Gonçalo Guedes - Valencia to Wolves (£27.5m). AP Photo
    Gonçalo Guedes - Valencia to Wolves (£27.5m). AP Photo
  • Conor Coady - Wolves to Everton (loan). Getty Images
    Conor Coady - Wolves to Everton (loan). Getty Images
  • Anthony Modeste - Cologne to Borussia Dortmund (£3.8m). EPA
    Anthony Modeste - Cologne to Borussia Dortmund (£3.8m). EPA
  • Angeliño - RB Leipzig to Hoffenheim (loan). Getty Images
    Angeliño - RB Leipzig to Hoffenheim (loan). Getty Images
  • Marcos Senesi - Feyenoord to Bournemouth (£12.6m). AFP
    Marcos Senesi - Feyenoord to Bournemouth (£12.6m). AFP
  • Isco - Real Madrid to Sevilla (free). EPA
    Isco - Real Madrid to Sevilla (free). EPA
  • Raheem Sterling - Manchester City to Chelsea (£50m). Getty Images
    Raheem Sterling - Manchester City to Chelsea (£50m). Getty Images
  • Lisandro Martinez - Ajax to Manchester United (£46m). Getty Images
    Lisandro Martinez - Ajax to Manchester United (£46m). Getty Images
  • Robert Lewandowski - Bayern Munich to Barcelona (£38.3m). AFP
    Robert Lewandowski - Bayern Munich to Barcelona (£38.3m). AFP
  • Hugo Ekitike - Reims to Paris Saint-Germain (loan). AFP
    Hugo Ekitike - Reims to Paris Saint-Germain (loan). AFP
  • Thomas Henry - Venezia to Verona (£3.8m). Getty Images
    Thomas Henry - Venezia to Verona (£3.8m). Getty Images
  • Takefusa Kubo - Real Madrid to Real Sociedad (£5.2m). Getty Images
    Takefusa Kubo - Real Madrid to Real Sociedad (£5.2m). Getty Images
  • Kalidou Koulibaly - Napoli to Chelsea (£33.8m). EPA
    Kalidou Koulibaly - Napoli to Chelsea (£33.8m). EPA
  • Chancel Mbemba - Porto to Marseille (free). EPA
    Chancel Mbemba - Porto to Marseille (free). EPA
  • Breel Embolo - Borussa Monchengladbach to Monaco (£10.6m). EPA
    Breel Embolo - Borussa Monchengladbach to Monaco (£10.6m). EPA
  • Christian Eriksen - Brentford to Manchester United (free). PA
    Christian Eriksen - Brentford to Manchester United (free). PA
  • Raphinha - Leeds United to Barcelona (£49m). Getty Images
    Raphinha - Leeds United to Barcelona (£49m). Getty Images
  • Federico Bernardeschi - Juventus to Toronto FC (free). Getty Images
    Federico Bernardeschi - Juventus to Toronto FC (free). Getty Images
  • Andrea Cambiaso - Genoa to Juventus (£5.9m). Getty Images
    Andrea Cambiaso - Genoa to Juventus (£5.9m). Getty Images
  • Arturo Vidal - Inter Milan to Flamengo (free). Getty Images
    Arturo Vidal - Inter Milan to Flamengo (free). Getty Images
  • Mohamed Bayo - Clermont to Lille (£11.8m). AFP
    Mohamed Bayo - Clermont to Lille (£11.8m). AFP
  • Francisco Trincao - Barcelona to Sporting (loan). Getty Images
    Francisco Trincao - Barcelona to Sporting (loan). Getty Images
  • Samu Castillejo - AC Milan to Valencia (undisclosed fee). PA
    Samu Castillejo - AC Milan to Valencia (undisclosed fee). PA
  • Lewis Ferguson - Aberdeen to Bologna (£3m). PA
    Lewis Ferguson - Aberdeen to Bologna (£3m). PA
  • Keane Lewis-Potter - Hull City to Brentford (£16m). PA
    Keane Lewis-Potter - Hull City to Brentford (£16m). PA
  • Alessio Romagnoli - AC Milan to Lazio (free). Getty Images
    Alessio Romagnoli - AC Milan to Lazio (free). Getty Images
  • Nathan Collins - Burnley to Wolves (£20.5m). PA
    Nathan Collins - Burnley to Wolves (£20.5m). PA
  • Andriy Yarmolenko - West Ham United to Al Ain (free). AP Photo
    Andriy Yarmolenko - West Ham United to Al Ain (free). AP Photo
  • David Ospina - Napoli to Al Nassr (free). Getty Images
    David Ospina - Napoli to Al Nassr (free). Getty Images
  • Kristian Thorstvedt - Genk to Sassuolo (£8.4m). Reuters
    Kristian Thorstvedt - Genk to Sassuolo (£8.4m). Reuters
  • Andreas Pereira -Manchester United to Fulham ( £10m). Getty Images
    Andreas Pereira -Manchester United to Fulham ( £10m). Getty Images
  • Gabriel Jesus - Manchester City to Arsenal (£45m). Getty Images
    Gabriel Jesus - Manchester City to Arsenal (£45m). Getty Images
  • Steven Bergwijn - Tottenham Hotspur to Ajax (£26.5m). AP Photo
    Steven Bergwijn - Tottenham Hotspur to Ajax (£26.5m). AP Photo
  • Andreas Christensen - Chelsea to Barcelona (free). AFP
    Andreas Christensen - Chelsea to Barcelona (free). AFP
  • Sébastien Haller - Ajax to Borussia Dortmund (£30.8m). AFP
    Sébastien Haller - Ajax to Borussia Dortmund (£30.8m). AFP
  • Flynn Downes - Swansea City to West Ham United (£12m). PA
    Flynn Downes - Swansea City to West Ham United (£12m). PA
  • Junior Messias - Crotone to AC Milan (£3.8m). Reuters
    Junior Messias - Crotone to AC Milan (£3.8m). Reuters
  • Luis Sinisterra - Feyenoord to Leeds United (£21.3m). AFP
    Luis Sinisterra - Feyenoord to Leeds United (£21.3m). AFP
  • Brais Méndez - Celta Vigo to Real Sociedad (£12.8m). Getty Images
    Brais Méndez - Celta Vigo to Real Sociedad (£12.8m). Getty Images
  • Moussa Niakhaté - Mainz to Nottingham Forest (£8.7m). Getty Images
    Moussa Niakhaté - Mainz to Nottingham Forest (£8.7m). Getty Images
  • Romeo Lavia - Manchester City to Southmpton (£12m). AP Photo
    Romeo Lavia - Manchester City to Southmpton (£12m). AP Photo
  • Tyler Adams - RB Leipzig to Leeds United (£20m). AP
    Tyler Adams - RB Leipzig to Leeds United (£20m). AP
  • Axel Witsel - Borussia Dortmund to Atletico Madrid (free). EPA
    Axel Witsel - Borussia Dortmund to Atletico Madrid (free). EPA
  • Maya Yoshida - Sampdoria to Schalke (free). AP Photo
    Maya Yoshida - Sampdoria to Schalke (free). AP Photo
  • Tyrell Malacia - Feyenoord to Manchester United (£12.9m). AP Photo
    Tyrell Malacia - Feyenoord to Manchester United (£12.9m). AP Photo
  • Zeki Celik - Lille to Roma (£6m). AFP
    Zeki Celik - Lille to Roma (£6m). AFP
  • Ritsu Doan - PSV Eindhoven to Freiburg (£6.5m). AFP
    Ritsu Doan - PSV Eindhoven to Freiburg (£6.5m). AFP
  • Divock Origi - Liverpool to AC Milan (free). AFP
    Divock Origi - Liverpool to AC Milan (free). AFP
  • Rolando Mandragora - Torino to Fiorentina (£7m). EPA
    Rolando Mandragora - Torino to Fiorentina (£7m). EPA
  • Joao Palhinha - Sporting to Fulham (£17m). Getty Images
    Joao Palhinha - Sporting to Fulham (£17m). Getty Images
  • Franck Kessie - AC Milan to Barcelona (free). Getty Images
    Franck Kessie - AC Milan to Barcelona (free). Getty Images
  • Trezeguet - Aston Villa to Trabzonspor (£3.4m). AFP
    Trezeguet - Aston Villa to Trabzonspor (£3.4m). AFP
  • Kalvin Phillips - Leeds United to Manchester City (£45m). Reuters
    Kalvin Phillips - Leeds United to Manchester City (£45m). Reuters
  • Giulian Biancone - Troyes to Nottingham Forest (£5m). AFP
    Giulian Biancone - Troyes to Nottingham Forest (£5m). AFP
  • Giuliano Simeone - Atletico Madrid to Real Zaragoza (loan). EPA
    Giuliano Simeone - Atletico Madrid to Real Zaragoza (loan). EPA
  • Raoul Bellanova - Cagliari to Inter Milan (loan). Getty Images
    Raoul Bellanova - Cagliari to Inter Milan (loan). Getty Images
  • Richarlison - Everton to Tottenham (£50 million). PA
    Richarlison - Everton to Tottenham (£50 million). PA
  • Fabio Carvalho - Fulham to Liverpool (£5 million). PA
    Fabio Carvalho - Fulham to Liverpool (£5 million). PA
  • James Tarkowski Burnley to Everton (free). Getty Images
    James Tarkowski Burnley to Everton (free). Getty Images
  • Sime Vrsaljko - Atletico Madrid to Olympiakos (free). AP Photo
    Sime Vrsaljko - Atletico Madrid to Olympiakos (free). AP Photo
  • Dean Henderson - Manchester United to Nottingham Forest (loan). PA
    Dean Henderson - Manchester United to Nottingham Forest (loan). PA
  • Luuk de Jong - Sevilla to PSV Eindhoven (£3.4m). AP Photo
    Luuk de Jong - Sevilla to PSV Eindhoven (£3.4m). AP Photo
  • Henrikh Mkhitaryan - Roma to Inter Milan (free). Reuters
    Henrikh Mkhitaryan - Roma to Inter Milan (free). Reuters
  • Cenk Tosun - Everton to Besiktas (free). Reuters
    Cenk Tosun - Everton to Besiktas (free). Reuters
  • Andre Onana - Ajax to Inter Milan (free). Getty
    Andre Onana - Ajax to Inter Milan (free). Getty
  • Moussa Sissoko - Watford to Nantes (£2m). AFP
    Moussa Sissoko - Watford to Nantes (£2m). AFP
  • Corentin Tolisso - Bayern Munich to Lyon (free). AFP
    Corentin Tolisso - Bayern Munich to Lyon (free). AFP
  • Vitinha - Porto to Paris Saint-Germain (£34m). AFP
    Vitinha - Porto to Paris Saint-Germain (£34m). AFP
  • Romelu Lukaku - Chelsea to Inter Milan (loan). PA
    Romelu Lukaku - Chelsea to Inter Milan (loan). PA
  • Lorenzo Insigne - Napoli to Toronto FC (free). AP
    Lorenzo Insigne - Napoli to Toronto FC (free). AP
  • Sven Botman - Lille to Newcastle United (£31.9m). AFP
    Sven Botman - Lille to Newcastle United (£31.9m). AFP
  • Takumi Minamino - Liverpool to Monaco (£15.5m). Getty Images
    Takumi Minamino - Liverpool to Monaco (£15.5m). Getty Images
  • Alphonse Areola - Paris Saint-Germain to West Ham United (£7.8m). AFP
    Alphonse Areola - Paris Saint-Germain to West Ham United (£7.8m). AFP
  • Lucas Leiva - Lazio to Gremo (free). Getty Images
    Lucas Leiva - Lazio to Gremo (free). Getty Images
  • Joselu - Alaves to Espanyol (free). Getty Images
    Joselu - Alaves to Espanyol (free). Getty Images
  • Matt Turner - New England Revolution to Arsenal (£4.7m). Reuters
    Matt Turner - New England Revolution to Arsenal (£4.7m). Reuters
  • Fernandinho - Manchester City to Athletico Paranaense (free). PA
    Fernandinho - Manchester City to Athletico Paranaense (free). PA
  • Bartol Franjic - Dinamo Zagreb to Wolfsburg (£6.9m). Getty Images
    Bartol Franjic - Dinamo Zagreb to Wolfsburg (£6.9m). Getty Images
  • Wahbi Khazri - Saint-Etienne to Montpellier (free). AFP
    Wahbi Khazri - Saint-Etienne to Montpellier (free). AFP
  • Tobias Figueiredo - Hull City to Nottingham Forest (free). PA
    Tobias Figueiredo - Hull City to Nottingham Forest (free). PA
  • Pietro Pellegri - Monaco to Tornio (£3.9m). Getty Images
    Pietro Pellegri - Monaco to Tornio (£3.9m). Getty Images
  • Erling Haaland - Borussia Dortmund to Manchester City. Getty Images
    Erling Haaland - Borussia Dortmund to Manchester City. Getty Images
  • Malcolm Ebiowei - Derby County to Crystal Palace (undisclosed). PA
    Malcolm Ebiowei - Derby County to Crystal Palace (undisclosed). PA
  • Taiwo Awoniyi - Union Berlin to Nottingham Forest (£17m). Getty Images
    Taiwo Awoniyi - Union Berlin to Nottingham Forest (£17m). Getty Images
  • Gareth Bale - Real Madrid to Los Angeles FC (free). PA
    Gareth Bale - Real Madrid to Los Angeles FC (free). PA
  • Lucas Alario - Bayer Leverkusen to Eintracht Frankfurt (£5.6m). PA
    Lucas Alario - Bayer Leverkusen to Eintracht Frankfurt (£5.6m). PA
  • Sadio Mane - Liverpool to Bayern Munich (£28m). Getty Images
    Sadio Mane - Liverpool to Bayern Munich (£28m). Getty Images
  • Armindo Sieb - Bayern Munich to Greuther Fürth (undisclosed fee). Getty Images
    Armindo Sieb - Bayern Munich to Greuther Fürth (undisclosed fee). Getty Images
  • Nick Pope - Burnley to Newcastle (£10m). PA
    Nick Pope - Burnley to Newcastle (£10m). PA
  • Ki-Jana Hoever - Wolves to PSV Eindhoven (loan). PA
    Ki-Jana Hoever - Wolves to PSV Eindhoven (loan). PA
  • Ryan Fredericks - West Ham United to Bournemouth (free). Getty Images
    Ryan Fredericks - West Ham United to Bournemouth (free). Getty Images
  • Mario Götze - PSV Eindhoven to Eintracht Frankfurt (£3.4m). Getty Images
    Mario Götze - PSV Eindhoven to Eintracht Frankfurt (£3.4m). Getty Images
  • Fabio Vieira - Porto to Arsenal (£30m). EPA
    Fabio Vieira - Porto to Arsenal (£30m). EPA
  • Antonio Rudiger - Chelsea to Real Madrid (free). PA
    Antonio Rudiger - Chelsea to Real Madrid (free). PA
  • Merih Demiral - Juventus to Atalanta (£17.2m). AFP
    Merih Demiral - Juventus to Atalanta (£17.2m). AFP
  • Giovanni Simeone - Cagliari to Hellas Verona (£10.3m). AP
    Giovanni Simeone - Cagliari to Hellas Verona (£10.3m). AP
  • Marc Roca - Bayern Munich to Leeds United (£10m). PA
    Marc Roca - Bayern Munich to Leeds United (£10m). PA
  • Yves Bissouma - Brighton to Tottenham (£25m). PA
    Yves Bissouma - Brighton to Tottenham (£25m). PA
  • Gavin Bazunu - Manchester City to Southampton (£12m). PA
    Gavin Bazunu - Manchester City to Southampton (£12m). PA
  • Darwin Nunez - Benfica to Liverpool (£64.3m). PA
    Darwin Nunez - Benfica to Liverpool (£64.3m). PA
  • Aurelien Tchouameni - Monaco to Real Madrid (£85.3m). AFP
    Aurelien Tchouameni - Monaco to Real Madrid (£85.3m). AFP
  • Nemanja Matic - Manchester United to Roma (free). EPA
    Nemanja Matic - Manchester United to Roma (free). EPA
  • Ryan Gravenberch - Ajax to Bayern Munich (£20m). EPA
    Ryan Gravenberch - Ajax to Bayern Munich (£20m). EPA
  • Giorgio Chiellini - Juventus to Los Angeles FC (released). Getty Images
    Giorgio Chiellini - Juventus to Los Angeles FC (released). Getty Images
  • Cameron Carter-Vickers - Tottenham to Celtic (£6m). AFP
    Cameron Carter-Vickers - Tottenham to Celtic (£6m). AFP
  • Alexandre Lacazette - Arsenal to Lyon (free transfer). AFP
    Alexandre Lacazette - Arsenal to Lyon (free transfer). AFP

Arsenal finished fifth in the Premier League last season, meaning another seasons without Champions League football. The Gunners will play in the second-tier Europa League instead.

Jesus' move to Arsenal also sees him reunite with Gunners manager Mikel Arteta, the pair having worked together during Arteta's stint as Guardiola's assistant at City from 2016-19.

Jesus said he spoke to Arteta about "the club, the players, the project and the future" before the move.

"I believe 100 per cent in Mikel," the striker said. "I had a very good time with him before, he's a very good guy and a very good coach as well. He helped me a lot. We would always stick together after the training sessions and do some finishing or something.

"He's a very intelligent guy and was an amazing player, so if he knows something, he can teach me or the young players."

Arsenal 2021/22 season ratings

  • ARSENAL 2021/22 SEASON RATINGS: (Manager) Mikel Arteta 7.5: Oversaw a disastrous start to the season but steadied the ship - including parting ways with an unsettled Aubameyang - to guide Arsenal to the brink of the top four. The Gunners may have missed out having stuttered at the worst possible time, but the club appears to be heading in the right direction under Arteta. AFP
    ARSENAL 2021/22 SEASON RATINGS: (Manager) Mikel Arteta 7.5: Oversaw a disastrous start to the season but steadied the ship - including parting ways with an unsettled Aubameyang - to guide Arsenal to the brink of the top four. The Gunners may have missed out having stuttered at the worst possible time, but the club appears to be heading in the right direction under Arteta. AFP
  • (Goalkeepers) Aaron Ramsdale: 7. A few eyebrows were raised when he arrived from relegated Sheffield United for £30m last summer, but the England keeper has become the club's undisputed No 1. Superb when he first came into the team but produced some shaky displays towards the end of the season as Arsenal faltered. Getty
    (Goalkeepers) Aaron Ramsdale: 7. A few eyebrows were raised when he arrived from relegated Sheffield United for £30m last summer, but the England keeper has become the club's undisputed No 1. Superb when he first came into the team but produced some shaky displays towards the end of the season as Arsenal faltered. Getty
  • Bernd Leno: 5. Replaced as Arsenal's first-choice keeper early in the season after a series of unconvincing performances. Took the gloves in the cup competitions but the German will unlikely be interested in remaining a No 2 for another season so the exit appears imminent. Reuters
    Bernd Leno: 5. Replaced as Arsenal's first-choice keeper early in the season after a series of unconvincing performances. Took the gloves in the cup competitions but the German will unlikely be interested in remaining a No 2 for another season so the exit appears imminent. Reuters
  • (Defenders) Ben White: 7: Another big-money, eyebrow-raising arrival last summer but White has provided a much-needed upgrade at the heart of Arsenal's defence. Took some time to settle and had some less than stellar showings but the Gunners are a more sturdy side with White in the team. AFP
    (Defenders) Ben White: 7: Another big-money, eyebrow-raising arrival last summer but White has provided a much-needed upgrade at the heart of Arsenal's defence. Took some time to settle and had some less than stellar showings but the Gunners are a more sturdy side with White in the team. AFP
  • Gabriel: 7. A mainstay in central defence, the Brazilian had another good season for Arsenal. Chipped in with a few important goals, too. EPA
    Gabriel: 7. A mainstay in central defence, the Brazilian had another good season for Arsenal. Chipped in with a few important goals, too. EPA
  • Rob Holding 5: Very much a squad player but was given a chance to impress in Arsenal's biggest league game of the season and proceeded to get sent off against rivals Tottenham, who went on to win 3-0 and usurp the Gunners in the top four race. Getty
    Rob Holding 5: Very much a squad player but was given a chance to impress in Arsenal's biggest league game of the season and proceeded to get sent off against rivals Tottenham, who went on to win 3-0 and usurp the Gunners in the top four race. Getty
  • Kieran Tierney: 7. One of Arsenal's most important players but the Scottish full-back was hit by injuries yet again. Tierney's absence for the final 11 games no doubt contributed to the club narrowly missing out on top four. Getty
    Kieran Tierney: 7. One of Arsenal's most important players but the Scottish full-back was hit by injuries yet again. Tierney's absence for the final 11 games no doubt contributed to the club narrowly missing out on top four. Getty
  • Nuno Tavares: 6. Overall an encouraging, if inconsistent, debut season from the 22-year-old full-back. The Portuguese was at times erratic and error-prone but also capable of strong performances. Plenty to build on for next season. Getty
    Nuno Tavares: 6. Overall an encouraging, if inconsistent, debut season from the 22-year-old full-back. The Portuguese was at times erratic and error-prone but also capable of strong performances. Plenty to build on for next season. Getty
  • Takehiro Tomiyasu: 8. Arrived under the radar last summer but quickly cemented his place as Arsenal's first-choice right-back following a series of impressive performances. A strong debut campaign was disrupted by a calf injury earlier this year but Arsenal have unearthed a gem. Getty
    Takehiro Tomiyasu: 8. Arrived under the radar last summer but quickly cemented his place as Arsenal's first-choice right-back following a series of impressive performances. A strong debut campaign was disrupted by a calf injury earlier this year but Arsenal have unearthed a gem. Getty
  • Cedric Soares: 6. A squad player who got a run in the starting line-up following Tomiyasu's injury absence. Can never fault the Portuguese's commitment but is not on the same level as his Japanese teammate. Getty
    Cedric Soares: 6. A squad player who got a run in the starting line-up following Tomiyasu's injury absence. Can never fault the Portuguese's commitment but is not on the same level as his Japanese teammate. Getty
  • (Midfielders) Thomas Partey: 8. No surprise that Arsenal's worst spells of the season occurred when Partey was out injured. The Ghanaian provided structure, leadership, and quality to the Arsenal midfield. The Gunners just need him fit as much as possible. AFP
    (Midfielders) Thomas Partey: 8. No surprise that Arsenal's worst spells of the season occurred when Partey was out injured. The Ghanaian provided structure, leadership, and quality to the Arsenal midfield. The Gunners just need him fit as much as possible. AFP
  • Granit Xhaka: 5. Few players divide opinion quite like Xhaka, and it was another streaky season from the Swiss midfielder. Played plenty of matches, despite looking destined for the exit last summer, and it's difficult to see what he brings to the team. Often outclassed against the big teams. Getty
    Granit Xhaka: 5. Few players divide opinion quite like Xhaka, and it was another streaky season from the Swiss midfielder. Played plenty of matches, despite looking destined for the exit last summer, and it's difficult to see what he brings to the team. Often outclassed against the big teams. Getty
  • Mohamed Elneny: 7. After making just one Premier League start up to April, the Egyptian became undroppable for the final seven games. Partey's absence played a part in that but Elneny took his chance, and on that evidence probably deserved to play more. AP
    Mohamed Elneny: 7. After making just one Premier League start up to April, the Egyptian became undroppable for the final seven games. Partey's absence played a part in that but Elneny took his chance, and on that evidence probably deserved to play more. AP
  • Albert Sambi Lokonga: 6. The 22-year-old Portuguese midfielder looks like he could be a talent and showed glimpses during his debut season. Used as a squad player and his game time was limited during the second half of the campaign. AFP
    Albert Sambi Lokonga: 6. The 22-year-old Portuguese midfielder looks like he could be a talent and showed glimpses during his debut season. Used as a squad player and his game time was limited during the second half of the campaign. AFP
  • Bukayo Saka: 9. Sensational season for the England winger, who scored 12 goals and provided seven assists in all competitions. Arsenal, quite simply, would have been nowhere near the top four without Saka. Still only 20, he is fast on his way to earning legend status at Arsenal. Getty
    Bukayo Saka: 9. Sensational season for the England winger, who scored 12 goals and provided seven assists in all competitions. Arsenal, quite simply, would have been nowhere near the top four without Saka. Still only 20, he is fast on his way to earning legend status at Arsenal. Getty
  • Martin Odegaard: 8. Showed during his half-season loan spell what he was capable of and quickly became a key player in his debut campaign as a permanent Arsenal player. Provided the creativity and guile that had been missing since the prime Mesut Ozil years. AFP
    Martin Odegaard: 8. Showed during his half-season loan spell what he was capable of and quickly became a key player in his debut campaign as a permanent Arsenal player. Provided the creativity and guile that had been missing since the prime Mesut Ozil years. AFP
  • Emile Smith Rowe: 8. Arguably Arsenal's best player for the first half of the campaign, scoring eight goals before the end of December. His productivity waned during the second half of the season and he was in and out of the team, but a very good campaign overall. Getty
    Emile Smith Rowe: 8. Arguably Arsenal's best player for the first half of the campaign, scoring eight goals before the end of December. His productivity waned during the second half of the season and he was in and out of the team, but a very good campaign overall. Getty
  • (Forwards) Gabriel Martinelli: 6. The Brazilian is a serious talent capable of destroying teams but six goals and seven assists for a player of his ability is below par. Still, Martinelli is only 20 and has a massive future. EPA
    (Forwards) Gabriel Martinelli: 6. The Brazilian is a serious talent capable of destroying teams but six goals and seven assists for a player of his ability is below par. Still, Martinelli is only 20 and has a massive future. EPA
  • Nicolas Pepe: 3. Arsenal's record signing looks further away than ever of justifying the €70m the club paid Lille in 2019. Limited to eight starts in all competitions and didn't start a Premier League game beyond October. Scored a solitary league goal and a further two in the League Cup. Surely headed for the exit this summer. EPA
    Nicolas Pepe: 3. Arsenal's record signing looks further away than ever of justifying the €70m the club paid Lille in 2019. Limited to eight starts in all competitions and didn't start a Premier League game beyond October. Scored a solitary league goal and a further two in the League Cup. Surely headed for the exit this summer. EPA
  • Alexandre Lacazette: 5. Clearly a positive influence and trusted leader after taking the armband following Aubameyang's move to Barcelona, but a return of six goals in 35 appearances is nowhere near good enough. PA
    Alexandre Lacazette: 5. Clearly a positive influence and trusted leader after taking the armband following Aubameyang's move to Barcelona, but a return of six goals in 35 appearances is nowhere near good enough. PA
  • Eddie Nketiah: 7. Only given a proper chance in the starting line-up at the back end of the season and took it convincingly. Showed he can score goals and lead the line. Will surely get many more opportunities next season. AP
    Eddie Nketiah: 7. Only given a proper chance in the starting line-up at the back end of the season and took it convincingly. Showed he can score goals and lead the line. Will surely get many more opportunities next season. AP
  • Pierre-Emerick Aubameyang: 2. Started the season encouragingly with four goals in his first eight games but that was as good as it got. Disciplinary problems and a falling out with Arteta threatened to derail Arsenal's season and the club cancelled his contract in January. EPA
    Pierre-Emerick Aubameyang: 2. Started the season encouragingly with four goals in his first eight games but that was as good as it got. Disciplinary problems and a falling out with Arteta threatened to derail Arsenal's season and the club cancelled his contract in January. EPA
Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

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. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright

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Crops that could be introduced to the UAE

1: Quinoa 

2. Bathua 

3. Amaranth 

4. Pearl and finger millet 

5. Sorghum

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Company Profile:

Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

MATCH INFO

Watford 1 (Deulofeu 80' p)

Chelsea 2 (Abraham 5', Pulisic 55')

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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.

INFO

What: DP World Tour Championship
When: November 21-24
Where: Jumeirah Golf Estates, Dubai
Tickets: www.ticketmaster.ae.

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Game Of Thrones Season Seven: A Bluffers Guide

Want to sound on message about the biggest show on television without actually watching it? Best not to get locked into the labyrinthine tales of revenge and royalty: as Isaac Hempstead Wright put it, all you really need to know from now on is that there’s going to be a huge fight between humans and the armies of undead White Walkers.

The season ended with a dragon captured by the Night King blowing apart the huge wall of ice that separates the human world from its less appealing counterpart. Not that some of the humans in Westeros have been particularly appealing, either.

Anyway, the White Walkers are now free to cause any kind of havoc they wish, and as Liam Cunningham told us: “Westeros may be zombie land after the Night King has finished.” If the various human factions don’t put aside their differences in season 8, we could be looking at The Walking Dead: The Medieval Years

 

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

THE SPECS

2020 Toyota Corolla Hybrid LE

Engine: 1.8 litre combined with 16-volt electric motors

Transmission: Automatic with manual shifting mode

Power: 121hp

Torque: 142Nm

Price: Dh95,900

THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

So what is Spicy Chickenjoy?

Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

The biog

Name: Salem Alkarbi

Age: 32

Favourite Al Wasl player: Alexandre Oliveira

First started supporting Al Wasl: 7

Biggest rival: Al Nasr

The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

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%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
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Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

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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Draw:

Group A: Egypt, DR Congo, Uganda, Zimbabwe

Group B: Nigeria, Guinea, Madagascar, Burundi

Group C: Senegal, Algeria, Kenya, Tanzania

Group D: Morocco, Ivory Coast, South Africa, Namibia

Group E: Tunisia, Mali, Mauritania, Angola

Group F: Cameroon, Ghana, Benin, Guinea-Bissau

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South Africa World Cup squad

South Africa: Faf du Plessis (c), Hashim Amla, Quinton de Kock (w), JP Duminy, Imran Tahir, Aiden Markram, David Miller, Lungi Ngidi, Anrich Nortje, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada, Tabraiz Shamsi, Dale Steyn, Rassie van der Dussen.

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

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Winners

Best Men's Player of the Year: Kylian Mbappe (PSG)

Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)

TikTok Fans’ Player of the Year: Robert Lewandowski

Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)

Best Women's Player of the Year: Alexia Putellas (Barcelona)

Best Men's Club of the Year: Chelsea

Best Women's Club of the Year: Barcelona

Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)

Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)

Best Coach of the Year: Roberto Mancini (Italy)

Best National Team of the Year: Italy 

Best Agent of the Year: Federico Pastorello

Best Sporting Director of the Year: Txiki Begiristain (Manchester City)

Player Career Award: Ronaldinho

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

Mobile phone packages comparison
Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Andor
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The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

CREW
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Updated: July 04, 2022, 9:11 AM