Arsenal's Norwegian midfielder Martin Odegaard celebrates scoring his team's second against Wolves. AFP
Arsenal's Norwegian midfielder Martin Odegaard celebrates scoring his team's second against Wolves. AFP
Arsenal's Norwegian midfielder Martin Odegaard celebrates scoring his team's second against Wolves. AFP
Arsenal's Norwegian midfielder Martin Odegaard celebrates scoring his team's second against Wolves. AFP

Arsenal go five points clear after Martin Odegaard double downs Wolves


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Arsenal sent out a title warning after Martin Odegaard’s double sent them five points clear at the top of the Premier League.

The captain’s second-half goals earned a 2-0 win at Wolves and showed Manchester City their crown is under threat.

Mikel Arteta’s side are genuine contenders, grinding out a victory to put daylight between them and the reigning champions.

They seized on City’s 2-1 defeat to Brentford with a performance that demonstrated their steel and a slick opener proved they can find the magic when needed.

Wolves will be bottom at Christmas but held their own for long spells and there remains reasons to be positive with Julen Lopetegui’s era imminent.

Chairman Jeff Shi called the search for Bruno Lage’s replacement painful after Lopetegui initially rejected the club and Michael Beale performed a U-turn to stay at QPR.

Introduced to the home fans before the game, Lopetegui took the acclaim during a lap of the pitch six years after Wolves first tried to appoint him.

It has been a long wait and the former Spain and Real Madrid manager will be expected to work wonders to beat the drop but will have the same problems as caretaker Steve Davis and Lage.

Lopetegui will need reinforcements in January — especially a striker — for Wolves to extend their top flight stay to a sixth season.

He will have at least been encouraged by the hosts’ resilience, despite defeat, which will be desperately needed during a relegation battle.

Arteta has no such problems and his team will be top at Christmas, something not even the most optimistic Gunner would have predicted.

City’s surprise loss gave them the chance to take command at the top but they were initially frustrated by a determined Wolves.

Gabriel Jesus drilled in but was offside and Jose Sa hurriedly turned Bukayo Saka’s deflected cross over.

Arsenal lost Granit Xhaka, forced off after 15 minutes after needing treatment, and replaced him with Fabio Vieira.

The Gunners dominated the ball but Wolves reminded the visitors of their threat when Goncalo Guedes fired over following a quick break.

Despite their territorial dominance Arsenal struggled to create clear openings, a credit to Wolves’ organisation.

Arsenal boss Mikel Arteta applauds fans following their side's victory. Getty
Arsenal boss Mikel Arteta applauds fans following their side's victory. Getty

Davis admitted before his final game in charge that he had encouraged his side to use the darks arts to wring any advantage from a game and they managed to stifle the flow.

But a driving run from Saka created a chance for Jesus and, with a hint of offside, the striker hit the bar with 10 minutes of the half remaining.

The Brazil international, without a goal in his previous 10 games, then wasted a promising opening when he volleyed Ben White’s cross wide.

While it remained tight, the struggling hosts were always in the contest and William Saliba gifted them a golden chance just before the break.

The defender’s back-pass was read by Guedes, who had a free run on goal, but Gabriel came to the rescue to deflect his shot wide.

But if there were any growing Arsenal frustrations they disappeared 10 minutes after the break when Odegaard opened the scoring.

It was the first time the visitors wriggled in behind Wolves and, when a delightful ball from Jesus gave Vieira space in the box, his cross was turned in by Odegaard.

From then it was comfortable for the Gunners and Odegaard added a second with 15 minutes left.

Dexter Lembikisa lost the ball to Gabriel Martinelli who teed up Oleksandr Zinchenko to cross. The ball fell for Martinelli who was denied by Sa but Odegaard controlled the rebound and lashed into the bottom corner.

The specs

Engine: 0.8-litre four cylinder

Power: 70bhp

Torque: 66Nm

Transmission: four-speed manual

Price: $1,075 new in 1967, now valued at $40,000

On sale: Models from 1966 to 1970

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UAE currency: the story behind the money in your pockets

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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The specs: 2019 Mercedes-Benz C200 Coupe


Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km

UAE currency: the story behind the money in your pockets
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now

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%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
Updated: November 13, 2022, 4:23 AM