Veteran David Silva inspires Real Sociedad's golden run of form


Ian Hawkey
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With nine wins on the trot, Real Sociedad have hit an all-time club record for a successful run of form.

They look across the leading five leagues of Europe and can rightly regard themselves not as gate-crashers of the elite but worthy members. Only Arsenal and Paris Saint-Germain have won more competitive games this season than la Real’s 21.

More importantly, the revelation team of La Liga will carry superior form into contests with both traditional giants of Spain over the next five days. La Real visit Barcelona – Spanish league leaders – in the Copa del Rey last-eight on Wednesday evening and Real Madrid, the European and domestic champions, in the league on Sunday. Win at the Bernabeu and la Real, third in the table, would go level with second-placed Real Madrid.

“Of course confidence is soaring,” says head coach Imanol Alguacil, “but we need to keep showing that on the pitch.”

He has concerns about fitness, notably of the dynamic, injured midfielder Mikel Merino, but has a deep reservoir of belief that his squad can compensate for significant absentees.

La Real have been doing that since August. Late in the summer, they lost their star centre-forward, after a bid that could rise to €70 million for Alexander Isak from Newcastle United seemed irresistible for the club’s financial well-being and for the Swedish striker.

The Nigerian Umar Sadiq came in as Isak’s replacement, scored on his la Real debut but promptly ruptured a cruciate ligament. Add to that the long-term injury of Mikel Oyarzabal, the captain and leading scorer in 2021-22, and few would have foreseen the impressive la Real climb that was to follow.

Real Sociedad manager Imanol Alguacil. AFP
Real Sociedad manager Imanol Alguacil. AFP

A blessing for Imanol, a former la Real player, is that Oyarzabal is now back from surgery, having missed the World Cup with Spain and watched from distance as his club found goals from midfield and a working combination of pace and penalty-box presence up front.

Alexander Sorloth, on loan from RB Leipzig, is providing regular reminders that Erling Haaland is not the only Norwegian target-man capable of spearheading a bid for trophies. Sorloth struck his fifth goal in as many games in the victory over Rayo Vallecano at the weekend.

Meanwhile, Takefusa Kubo, the pacey Japanese forward, is endorsing la Real’s reputation as a club where footballers who have struggled to make an impression after being signed very young at bigger clubs can come and thrive.

Isak came to San Sebastian, la Real’s city, after an unfulfilling time as a Borussia Dortmund prodigy; Martin Odegaard’s performances while on loan at la Real from Madrid, who signed him as a 16-year-old, propelled him towards his stylish maturing at Arsenal. Kubo was also at Madrid, underused and loaned out, until la Real bought him in the summer.

But the club’s best recruit of the last three years? Perhaps David Silva, who has followed a decade of glories at Manchester City with two and half years of sustained high standards at la Real. He turned 37 earlier this month. La Real want him to extend a contract that expires in June and so he is still threading passes through tight defences and inspiring those around him into his 39th year.

Among the players benefiting from Silva’s example are many, like Oyarzabal and the coveted midfielder Martin Zubimendi, from the club’s academy. The home-grown proportion of first-teamers this season is well over 60 per cent. Having a side that vividly represents their Basque region is vital to la Real.

Their chief local rivalry is with Athletic Club in Bilbao, where the policy is to pick only footballers born, raised or with heritage in the Basque Country, a small catchment area in northern Spain and creeping over the French border.

Not for a long time has the region looked so healthy as a producer of talent. The Spanish Cup’s quarter-finals include la Real; Athletic, who meet Sevilla, and nearby Osasuna, who play Valencia tomorrow. Athletic and Osasuna are both in contention for European places next season, 7th and 8th in La Liga.

A caravan of admired Basque coaches are at the same time making a major impact across Europe. Beside Osasuna’s Jagoba Arrasate and la Real’s Imanol, there is San Sebastian-born Mikel Arteta, architect of Arsenal’s Premier League chase.

When Aston Villa and Wolverhampton Wanderers needed a rescuer earlier in the season they reached out to the expert Basques, Unai Emery and Julen Lopetegui. When Bayer Leverkusen were dropping towards the Bundesliga relegation zone in October, they hired Xabi Alonso, whose playing career began at his hometown club, la Real.

In his first senior managerial job he has rapidly guided Leverkusen from relegation into the top half of the Bundesliga.

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.”

UAE tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

UAE currency: the story behind the money in your pockets

THE SPECS

Engine: 2.0-litre 4-cylinder turbo

Power: 275hp at 6,600rpm

Torque: 353Nm from 1,450-4,700rpm

Transmission: 8-speed dual-clutch auto

Top speed: 250kph

Fuel consumption: 6.8L/100km

On sale: Now

Price: Dh146,999

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Company%20profile
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The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

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

Day 1 results:

Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)

Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)

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SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FLIP%204
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The specs

Engine: 3.5-litre twin-turbo V6

Power: 380hp at 5,800rpm

Torque: 530Nm at 1,300-4,500rpm

Transmission: Eight-speed auto

Price: From Dh299,000 ($81,415)

On sale: Now

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Citadel: Honey Bunny first episode

Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
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
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

THE SPECS

Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

Price: Dh633,435

On sale: now

Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Updated: January 25, 2023, 3:11 AM