• Thomas Tuchel was sacked as Chelsea manager on Wednesday, September 7, 2022. PA
    Thomas Tuchel was sacked as Chelsea manager on Wednesday, September 7, 2022. PA
  • Thomas Tuchel after Chelsea's Champions League defeat to Dinamo Zagreb at the Maksimir Stadium in Croatia on Tuesday, September 6, 2022. AP
    Thomas Tuchel after Chelsea's Champions League defeat to Dinamo Zagreb at the Maksimir Stadium in Croatia on Tuesday, September 6, 2022. AP
  • Chelsea manager Thomas Tuchel is shown a yellow card by referee Istvan Kovacs during the Champions League match against Dinamo Zagreb. Reuters
    Chelsea manager Thomas Tuchel is shown a yellow card by referee Istvan Kovacs during the Champions League match against Dinamo Zagreb. Reuters
  • Thonas Tuchel during the Champions League match in Zagreb. EPA
    Thonas Tuchel during the Champions League match in Zagreb. EPA
  • Thomas Tuchel has been sacked as manager by Chelsea. AFP
    Thomas Tuchel has been sacked as manager by Chelsea. AFP
  • Thomas Tuchel, left, with Chelsea's Raheem Sterling at Stamford Bridge. AP
    Thomas Tuchel, left, with Chelsea's Raheem Sterling at Stamford Bridge. AP
  • Thomas Tuchel talks to Mateo Kovacic during the match against Southampton. EPA
    Thomas Tuchel talks to Mateo Kovacic during the match against Southampton. EPA
  • Tottenham coach Antonio Conte, right, and Thomas Tuchel were involved in an ugly clash at Stamford Bridge on August 14, 2022. AFP
    Tottenham coach Antonio Conte, right, and Thomas Tuchel were involved in an ugly clash at Stamford Bridge on August 14, 2022. AFP
  • Thomas Tuchel clashed with Tottenham Hotspur manager Antonio Conte. Reuters
    Thomas Tuchel clashed with Tottenham Hotspur manager Antonio Conte. Reuters

Thomas Tuchel 'devastated' by Chelsea departure: 'This is a club where I felt at home'


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  • Arabic

Thomas Tuchel has said he is "devastated" after being sacked by Chelsea and had hoped to remain at the Premier League club for "many years".

Tuchel, 49, was fired last Wednesday following Chelsea's shock 1-0 defeat to Dinamo Zagreb in their opening game of the Champions League.

That result compounded a stuttering start to the season, which also saw defeats away to Leeds United and Southampton, while Tuchel had already been punished for a touchline spat with Tottenham manager Antonio Conte.

Chelsea had set a new Premier League record for most money spent in a single transfer window — £271.1 million — following the arrival of new owners, led by American businessman Todd Boehly, who took over the club from Russian billionaire Roman Abramovich.

After their first 100 days in charge, they decided to sack Tuchel and replace the German with Brighton and Hove Albion manager Graham Potter.

"This is one of the most difficult statements I have ever had to write, and it is one which I hoped I would not need to do for many years. I am devastated that my time at Chelsea has come to an end," Tuchel wrote on Twitter.

"This is a club where I felt at home, both professionally and personally."

Tuchel made an instant impact when he was appointed Chelsea manager in January 2021, replacing club legend Frank Lampard with the club ninth in the Premier League table. He masterminded a turnaround that saw the Blues finish fourth, reach the FA Cup final, and famously win their second Champions League title.

However, results had already started to decline towards the end of last season, despite Chelsea finishing third in the Premier League and reaching both domestic cup finals, losing to Liverpool both times on penalties.

It is also being reported that Tuchel's relationship with the new owners had become strained as the German reluctantly assumed a more hands-on role with transfer business and other non-coaching matters.

"The pride and joy I felt at helping the team to win the Champions League and the Club World Cup will stay with me forever," Tuchel said.

"I am honoured to have been a part of this club’s history and the memories of the last 19 months will always have a special place in my heart."

New Chelsea manager Potter signed a five-year contract and arrives at the club following an impressive three-year spell with Brighton, leading the club to ninth in the Premier League last season — their highest-ever finish — and a strong start to the current campaign.

In an open letter to Brighton fans, Potter asked for "forgiveness" and thanked the club for "three wonderful years".

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
if you go

The flights
The closest international airport to the TMB trail is Geneva (just over an hour’s drive from the French ski town of Chamonix where most people start and end the walk). Direct flights from the UAE to Geneva are available with Etihad and Emirates from about Dh2,790 including taxes.

The trek
The Tour du Mont Blanc takes about 10 to 14 days to complete if walked in its entirety, but by using the services of a tour operator such as Raw Travel, a shorter “highlights” version allows you to complete the best of the route in a week, from Dh6,750 per person. The trails are blocked by snow from about late October to early May. Most people walk in July and August, but be warned that trails are often uncomfortably busy at this time and it can be very hot. The prime months are June and September.

 

 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

THREE
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Our Time Has Come
Alyssa Ayres, Oxford University Press

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElmawkaa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ebrahem%20Anwar%2C%20Mahmoud%20Habib%20and%20Mohamed%20Thabet%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20PropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%24400%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3E500%20Startups%2C%20Flat6Labs%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3Cbr%3E%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

Updated: September 12, 2022, 4:58 AM