• Tottenham boss Nuno Espirito Santo looks dejected following the 3-0 defeat to Manchester United on October 30, 2021. The Portuguese was sacked by the London club two days later. PA
    Tottenham boss Nuno Espirito Santo looks dejected following the 3-0 defeat to Manchester United on October 30, 2021. The Portuguese was sacked by the London club two days later. PA
  • Nuno oversaw a 2-1 win for Tottenham in their Premier League match against Aston Villa on October 3, 2021. Reuters
    Nuno oversaw a 2-1 win for Tottenham in their Premier League match against Aston Villa on October 3, 2021. Reuters
  • Tottenham Hotspur manager Nuno Espirito Santo waves to fans following the Europa Conference League play-off second leg against Pacos de Ferreira on August 26, 2021. Reuters
    Tottenham Hotspur manager Nuno Espirito Santo waves to fans following the Europa Conference League play-off second leg against Pacos de Ferreira on August 26, 2021. Reuters
  • Tottenham Hotspur manager Nuno Espirito Santo during the pre-season friendly match at the JobServe Community Stadium, Colchester on 21 July, 2021. Reuters
    Tottenham Hotspur manager Nuno Espirito Santo during the pre-season friendly match at the JobServe Community Stadium, Colchester on 21 July, 2021. Reuters
  • Tottenham Hotspur manager Nuno Espirito Santo looks on during the 3-0 defeat to Manchester United on October 30, 2021. PA
    Tottenham Hotspur manager Nuno Espirito Santo looks on during the 3-0 defeat to Manchester United on October 30, 2021. PA
  • Nuno Espirito Santo during a post-match interview following the defeat to Manchester United. AFP
    Nuno Espirito Santo during a post-match interview following the defeat to Manchester United. AFP
  • Nuno Espirito Santo decision to replace Lucas Moura, left, with Steven Bergwijn during Saturday's match against Manchester United angered sections of the Spurs support. PA
    Nuno Espirito Santo decision to replace Lucas Moura, left, with Steven Bergwijn during Saturday's match against Manchester United angered sections of the Spurs support. PA
  • Tottenham Hotspur manager Nuno Espirito Santo and Dele Alli. PA
    Tottenham Hotspur manager Nuno Espirito Santo and Dele Alli. PA
  • Tottenham Hotspur manager Nuno Espirito Santo speaks to Sergio Reguilon after he was substituted during the defeat to West Ham. Getty
    Tottenham Hotspur manager Nuno Espirito Santo speaks to Sergio Reguilon after he was substituted during the defeat to West Ham. Getty

Former Spurs manager Nuno Espirito Santo returns to dugout with Saudi Arabia's Al Ittihad


John McAuley
  • English
  • Arabic

Former Tottenham Hotspur manager Nuno Espirito Santo has described his return to management with Saudi Arabia’s Al Ittihad as “an honour” after he was confirmed as the club’s new head coach late on Monday.

The Portuguese, who was dismissed as Spurs manager last November following five months in charge, joins the Jeddah side on a contract through to 2024. He replaces in the dugout Romanian Cosmin Contra.

In a short video message on the club’s official Twitter account, Nuno said: “It’s an honour for me to join the greatest club in Saudi Arabia, Ittihad. See you soon.”

Eight-time Saudi champions, Ittihad went agonisingly close last month to a first top-flight title since 2009 only to lose out on the season’s final day to Riyadh rivals Al Hilal. The current Asian champions eventually sealed the trophy by two points.

Nuno, 48, returns to management after his brief spell with Spurs ended following the team’s 3-0 league defeat at home to Manchester United on October 30 - his 17th match in charge. At the time, the capital club were eighth in the table.

The former Valencia and Porto manager had previously enjoyed a hugely successful four years at Wolverhampton Wanderers, headlined by successive seventh-place finishes in the Premier League having initially guided the English side to promotion to the top tier.

He replaced compatriot Jose Mourinho as Spurs’ permanent manager in June last year, but could not capitalise on a promising start. In the end, his record at the North London club read: nine wins, seven defeats and one draw. In the league, Spurs had won five and lost five.

Meanwhile, Contra had last week suggested he would remain at Ittihad despite the Saudi Pro League heartache, tweeting: “Hello, Al Ittihad fans: first of all I want to apologise because we failed you at the last moment and although we did our best we did not live up to your greatness. Great champions also rise from tough defeats and learn from mistakes.

“Next season Al Ittihad will come back stronger to achieve the title that you have been waiting for so long. Thank you very much for your support during this season.”

STAGE 4 RESULTS

1 Sam Bennett (IRL) Deceuninck-QuickStep - 4:51:51

2 David Dekker (NED) Team Jumbo-Visma

3 Caleb Ewan (AUS) Lotto Soudal 

4 Elia Viviani (ITA) Cofidis

5 Matteo Moschetti (ITA) Trek-Segafredo

General Classification

1 Tadej Pogacar (SLO) UAE Team Emirates - 12:50:21

2 Adam Yates (GBR) Teamn Ineos Grenadiers - 0:00:43

3 Joao Almeida (POR) Deceuninck-QuickStep - 0:01:03

4 Chris Harper (AUS) Jumbo-Visma - 0:01:43

5 Neilson Powless (USA) EF Education-Nippo - 0:01:45

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.”

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

INFO

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

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A

Juliet, Naked
Dir: Jesse Peretz
Starring: Chris O'Dowd, Rose Byrne, Ethan Hawke​​​​​​​
​​​​​​​Two stars

The cost of Covid testing around the world

Egypt

Dh514 for citizens; Dh865 for tourists

Information can be found through VFS Global.

Jordan

Dh212

Centres include the Speciality Hospital, which now offers drive-through testing.

Cambodia

Dh478

Travel tests are managed by the Ministry of Health and National Institute of Public Health.

Zanzibar

AED 295

Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.

Abu Dhabi

Dh85

Abu Dhabi’s Seha has test centres throughout the UAE.

UK

From Dh400

Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.

Women’s T20 World Cup Asia Qualifier

ICC Academy, November 22-28

UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal

ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan 

UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Match info

Champions League quarter-final, first leg

Liverpool v Porto, Tuesday, 11pm (UAE)

Matches can be watched on BeIN Sports

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

Key fixtures from January 5-7

Watford v Bristol City

Liverpool v Everton

Brighton v Crystal Palace

Bournemouth v AFC Fylde or Wigan

Coventry v Stoke City

Nottingham Forest v Arsenal

Manchester United v Derby

Forest Green or Exeter v West Brom

Tottenham v AFC Wimbledon

Fleetwood or Hereford v Leicester City

Manchester City v Burnley

Shrewsbury v West Ham United

Wolves v Swansea City

Newcastle United v Luton Town

Fulham v Southampton

Norwich City v Chelsea

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

UAE squad

Esha Oza (captain), Al Maseera Jahangir, Emily Thomas, Heena Hotchandani, Indhuja Nandakumar, Katie Thompson, Lavanya Keny, Mehak Thakur, Michelle Botha, Rinitha Rajith, Samaira Dharnidharka, Siya Gokhale, Sashikala Silva, Suraksha Kotte, Theertha Satish (wicketkeeper) Udeni Kuruppuarachchige, Vaishnave Mahesh.

UAE tour of Zimbabwe

All matches in Bulawayo
Friday, Sept 26 – First ODI
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

RACE CARD

5pm: Maiden (PA) Dh80,000 1,400m
5.30pm: Maiden (PA) Dh80,000 1,200m
6pm: Arabian Triple Crown Round-1 (PA) Listed Dh230,000 1,600m
6.30pm: HH The President’s Cup (PA) Group 1 Dh2.5million 2,200m
7pm: HH The President’s Cup (TB) Listed Dh380,000 1,400m
7.30pm: Wathba Stallions Cup (PA) Handicap Dh70,000 1,200m.

Profile

Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari

Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.

Number of employees: Over 50

Financing stage: Series B currently being finalised

Investors: Series A - Audacia Capital 

Sector of operation: Transport

Updated: July 05, 2022, 10:42 AM