• Manchester United's Fred celebrates scoring the second goal in the 2-0 League Cup semi-final second leg win against Nottingham Forest at Old Trafford on February 1, 2023. PA
    Manchester United's Fred celebrates scoring the second goal in the 2-0 League Cup semi-final second leg win against Nottingham Forest at Old Trafford on February 1, 2023. PA
  • Anthony Martial after scoring United's first goal. Getty
    Anthony Martial after scoring United's first goal. Getty
  • Anthony Martial scores for United. Reuters
    Anthony Martial scores for United. Reuters
  • Fred scores the second goal for United at Old Trafford. Getty
    Fred scores the second goal for United at Old Trafford. Getty
  • Fred celebrates after scoring. Getty
    Fred celebrates after scoring. Getty
  • Manchester United manager Erik ten Hag waves at fans following the victory. PA
    Manchester United manager Erik ten Hag waves at fans following the victory. PA
  • Forest goalkeeper Wayne Hennessey makes a save from United's Wout Weghorst. AP
    Forest goalkeeper Wayne Hennessey makes a save from United's Wout Weghorst. AP
  • Lisandro Martinez and Forest's Brennan Johnson battle for the ball. PA
    Lisandro Martinez and Forest's Brennan Johnson battle for the ball. PA
  • Forest striker Emmanuel Dennis heads the ball in front of United defender Aaron Wan-Bissaka. AFP
    Forest striker Emmanuel Dennis heads the ball in front of United defender Aaron Wan-Bissaka. AFP
  • Manchester United coach Erik ten Hag shouts out from the touchline. AP
    Manchester United coach Erik ten Hag shouts out from the touchline. AP

Man United book League Cup final date against Newcastle after Old Trafford cruise


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Manchester United will face Newcastle in the League Cup final after Erik ten Hag’s side comfortably beat Nottingham Forest to book their place at Wembley.

Last week’s 3-0 victory in the semi-final first leg at the City Ground all-but assured the Red Devils a spot in the February 26 showpiece and the chance to end the club’s worst trophy drought in 40 years.

United dominated Wednesday’s second leg and substitute Anthony Martial eventually broke the deadlock before Fred wrapped up a 2-0 win, seeing them triumph 5-0 on aggregate.

The reward was a trip to the capital to take on Newcastle as summer appointment Ten Hag looks to lead United to their first silverware since lifting the Europa League in 2017.

“Of course when you win a semi-final it's okay,” Ten Hag told Sky Sports. “The first half wasn't great to be honest. I thought it was professional but too slow and we didn't create too many chances. The second half was much better, more tempo and we made some good goals.

“We just want to improve every day. I think we have a good squad so we have to demand and control the high standards. You have to bring that every game. We are Manchester United.”

Progress to the final had never been in doubt after the first leg but it was not until the 73rd minute that United made their dominance count as Martial marked his return to fitness with a goal.

Fred turned home from close range three minutes later to wrap up their 12th straight home win in all competitions — a victory deadline-day signing Marcel Sabitzer watched from the stands.

Another positive on a great night for United was Jadon Sancho’s return, with the winger receiving a brilliant reception as he made his first appearance since October 22.

United goalkeeper Tom Heaton said afterwards: “We're transitioning to where we want to be. There's a good atmosphere at the minute and good momentum. We want it to be a fortress here like it has been. Nobody is getting carried away but there's a good feeling.

“[Erik ten Hag] has set the boundaries on what is acceptable and what isn't and has been very clear. As players you respond to that. The football ideas he's got across have been good so far. It's important we keep it up.

“I'm always keen to learn and get opportunities. You try to make the most of it.”

Defender Luke Shaw added: “Very special. It shows where we are at the moment. The boys are in a good moment and we feel the crowd are with us.

“It's a final we can really look forward to but we have a few big games first before we go there.

“It's extremely pleasing but there's no point going to a final if we don't win it. It's where we want to be.

“We want to get this club back to where it should be which is winning trophies. Newcastle are an extremely good team but it's a big moment for us in where we want to go.”

Match info

Manchester United 1
Fred (18')

Wolves 1
Moutinho (53')

Squads

Australia: Finch (c), Agar, Behrendorff, Carey, Coulter-Nile, Lynn, McDermott, Maxwell, Short, Stanlake, Stoinis, Tye, Zampa

India: Kohli (c), Khaleel, Bumrah, Chahal, Dhawan, Shreyas, Karthik, Kuldeep, Bhuvneshwar, Pandey, Krunal, Pant, Rahul, Sundar, Umesh

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The past Palme d'Or winners

2018 Shoplifters, Hirokazu Kore-eda

2017 The Square, Ruben Ostlund

2016 I, Daniel Blake, Ken Loach

2015 DheepanJacques Audiard

2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan

2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux

2012 Amour, Michael Haneke

2011 The Tree of LifeTerrence Malick

2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul

2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke

2008 The Class (Entre les murs), Laurent Cantet

How they line up for Sunday's Australian Grand Prix

1 Lewis Hamilton, Mercedes

2 Kimi Raikkonen, Ferrari

3 Sebastian Vettel, Ferrari

4 Max Verstappen, Red Bull

5 Kevin Magnussen, Haas

6 Romain Grosjean, Haas

7 Nico Hulkenberg, Renault

*8 Daniel Ricciardo, Red Bull

9 Carlos Sainz, Renault

10 Valtteri Bottas, Mercedes

11 Fernando Alonso, McLaren

12 Stoffel Vandoorne, McLaren

13 Sergio Perez, Force India

14 Lance Stroll, Williams

15 Esteban Ocon, Force India

16 Brendon Hartley, Toro Rosso

17 Marcus Ericsson, Sauber

18 Charles Leclerc, Sauber

19 Sergey Sirotkin, Williams

20 Pierre Gasly, Toro Rosso

* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice

War and the virus
UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

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.”

 


 

Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

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
LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

Results

2.30pm: Dubai Creek Tower – Handicap (PA) Dh40,000 (Dirt) 1,200m; Winner: Marmara Xm, Gary Sanchez (jockey), Abdelkhir Adam (trainer)

3pm: Al Yasmeen – Maiden (PA) Dh40,000 (D) 1,700m; Winner: AS Hajez, Jesus Rosales, Khalifa Al Neyadi

3.30pm: Al Ferdous – Maiden (PA) Dh40,000 (D) 1,700m; Winner: Soukainah, Sebastien Martino, Jean-Claude Pecout

4pm: The Crown Prince Of Sharjah – Prestige (PA) Dh200,000 (D) 1,200m; Winner: AF Thayer, Ray Dawson, Ernst Oertel

4.30pm: Sheikh Ahmed bin Rashid Al Maktoum Cup – Handicap (TB) Dh200,000 (D) 2,000m; Winner: George Villiers, Antonio Fresu, Bhupat Seemar

5pm: Palma Spring – Handicap (PA) Dh40,000 (D) 2,000m; Winner: Es Abu Mousa, Antonio Fresu, Abubakar Daud

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, first 50-over match; Wednesday, second 50-over match; Thursday, third 50-over match

Updated: February 02, 2023, 2:51 AM