• Eddie Nketiah celebrates scoring Arsenal's third goal in the 3-2 Premier League victory against Manchester United at the Emirates Stadium on January 22, 2023. Action Images
    Eddie Nketiah celebrates scoring Arsenal's third goal in the 3-2 Premier League victory against Manchester United at the Emirates Stadium on January 22, 2023. Action Images
  • Arsenal's Eddie Nketiah celebrates with his teammates after scoring the winner. PA
    Arsenal's Eddie Nketiah celebrates with his teammates after scoring the winner. PA
  • Eddie Nketiah celebrates with Bukayo Saka. Getty
    Eddie Nketiah celebrates with Bukayo Saka. Getty
  • Lisandro Martinez celebrates after scoring Manchester United's second goal. AP
    Lisandro Martinez celebrates after scoring Manchester United's second goal. AP
  • Lisandro Martinez celebrates with Bruno Fernandes. Getty
    Lisandro Martinez celebrates with Bruno Fernandes. Getty
  • Martinez celebrates after scoring. AP
    Martinez celebrates after scoring. AP
  • Manchester United's Lisandro Martinez scores their second goal past Arsenal's Aaron Ramsdale. Reuters
    Manchester United's Lisandro Martinez scores their second goal past Arsenal's Aaron Ramsdale. Reuters
  • Bukayo Saka celebrates with Gabriel after scoring Arsenal's second goal. Getty
    Bukayo Saka celebrates with Gabriel after scoring Arsenal's second goal. Getty
  • Bukayo Saka scores Arsenal's second goal. Action Images
    Bukayo Saka scores Arsenal's second goal. Action Images
  • Bukayo Saka celebrates scoring. Action Images
    Bukayo Saka celebrates scoring. Action Images
  • Eddie Nketiah celebrates scoring Arsenal's first goal. PA
    Eddie Nketiah celebrates scoring Arsenal's first goal. PA
  • Arsenal's Eddie Nketiah celebrates. AP
    Arsenal's Eddie Nketiah celebrates. AP
  • Eddie Nketiah heads Arsenal level at Emirates Stadium. AP
    Eddie Nketiah heads Arsenal level at Emirates Stadium. AP
  • United's Marcus Rashford of Manchester United scores past Arsenal goalkeeper Aaron Ramsdale. Getty
    United's Marcus Rashford of Manchester United scores past Arsenal goalkeeper Aaron Ramsdale. Getty
  • Arsenal manager Mikel Arteta gestures on the touchline. PA
    Arsenal manager Mikel Arteta gestures on the touchline. PA
  • Marcus Rashford celebrates scoring. EPA
    Marcus Rashford celebrates scoring. EPA
  • Rashford celebrates the opening goal. EPA
    Rashford celebrates the opening goal. EPA
  • Bruno Fernandes battles for possession with Martin Odegaard of Arsenal. Getty
    Bruno Fernandes battles for possession with Martin Odegaard of Arsenal. Getty
  • Manchester United's manager Erik ten Hag watches the action. EPA
    Manchester United's manager Erik ten Hag watches the action. EPA

Eddie Nketiah scores dramatic winner as Arsenal beat Manchester United to stay top


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Eddie Nketiah flicked home a late winner as Arsenal beat Manchester United in a five-goal thriller to keep their Premier League title tilt in full swing.

The striker has been in fine form since replacing the injured Gabriel Jesus and has now scored seven goals in as many games, including Sunday’s last-gasp effort which secured a 3-2 win over their old rivals at the Emirates Stadium.

Marcus Rashford continued his own fine run of form with a stunning opener for United, which was cancelled out by Nketiah before Bukayo Saka’s own top-drawer finish had Arsenal ahead.

Lisandro Martinez, an Arsenal target last summer, then levelled for United following some poor defending but Nketiah would turn home a wayward Martin Odegaard shot to secure a memorable win.

“You can see how much it means to everyone. They're the only team that have beaten us this season so we really wanted to beat them for the fans,” Saka told Sky Sports.

“It wasn't easy and it definitely wasn't our best start to the game but we showed a lot of character to come back and get the win.”

Arsenal have made their best ever start to a Premier League season and Saka added: “That's really significant. It's something we can be proud of but we have to stay humble. It's only halfway through the season and things can change very quickly.

“But if we keep playing like we have then we'll be in a good place at the end of the season, we just have to keep it up.”

Having seen an eight-point lead at the summit cut to just two after back-to-back victories for Manchester City since Arsenal’s win at Tottenham, Mikel Arteta’s side delivered when the pressure was on.

United are the only side to beat the Gunners in the Premier League this season and made a good start in their bid to repeat September’s Old Trafford win.

They had an early penalty shout turned down as Bruno Fernandes was challenged by Aaron Ramsdale, the VAR’s swift check backing up referee Anthony Taylor’s call to wave away appeals, but were nevertheless celebrating the lead in the 17th minute.

Thomas Partey uncharacteristically lost possession cheaply before Rashford skipped past him and arrowed in a fine low finish.

Arsenal, showing the sort of response of any side with title ambitions, bounced back soon after as Nketiah nodded home a Granit Xhaka cross after losing Aaron Wan-Bissaka far too easily.

The game opened up from that point, Scott McTominay – in for the suspended Casemiro – forced a smart stop out of Ramsdale with a strike from the edge of the box.

Arteta was booked by referee Taylor following his protestations at a Luke Shaw foul on Saka as the first half ended with the sides level.

That would change just eight minutes after the restart as Saka, afforded too much space and time, curled home an inch-perfect strike from 25 yards to put Arsenal ahead.

Ramsdale put in a man-of-the-match display in the 2-0 win at Spurs last week and made a great save to deny Rashford levelling with a deflected effort.

The England goalkeeper, however, was culpable for United’s equaliser after a mix up with half-time substitute Takehiro Tomiyasu at a corner allowed Martinez to head in his first Red Devils goal.

Having shared four goals, both teams went in search of the winner as Saka struck from a similar position only for this effort to deflect off Christian Eriksen and clip the post.

Leandro Trossard, who joined Arsenal from Brighton on Friday, came on for the final 10 minutes to make his Arsenal debut as David de Gea made a smart close-range stop to deny Nketiah a second.

Arsenal were now very much on top with United unable to get out of their own penalty box for large spells.

Eriksen led a rare foray forward for the visitors, winning a corner for a brief respite but the Arsenal pressure eventually told as Nketiah’s reaction to throw a boot at an Odegaard effort saw him divert the ball past De Gea.

A VAR check followed but the former England Under-21 striker was played onside by Wan-Bissaka and the goal was awarded, sending the Emirates wild and putting Arsenal five points clear of City with a game in hand.

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UAE currency: the story behind the money in your pockets
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Museum of the Future in numbers
  •  78 metres is the height of the museum
  •  30,000 square metres is its total area
  •  17,000 square metres is the length of the stainless steel facade
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COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

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Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
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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

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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.

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10. Substance and CbC reporting focus

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Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.

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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.”

Updated: January 22, 2023, 7:10 PM