Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty
Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty
Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty
Antonio Conte has called for patience after Tottenham were eliminated from the Champions League Round of 16 by AC Milan. Getty

Sport

Football

Conte: Tottenham 'might sack me before end of season' after Champions League exit

Spurs facing 15th straight season without a trophy after a last-16 elimination by AC Milan

Jon Turner

March 09, 2023

  • English
  • Arabic

Tottenham manager Antonio Conte said he could be sacked before the end of the season after the club's faltering campaign took another disappointing turn with an uninspired exit from the Champions League on Wednesday night.

Aiming to overturn a 1-0 deficit from the last-16 first leg against AC Milan, Spurs were held to a goalless draw at the Tottenham Hotspur Stadium and rarely threatened to pull themselves back into the tie, producing just two shots on target. The hosts' attempts to progress were dealt a further setback with 12 minutes remaining when defender Cristian Romero was sent off for a second yellow card.

Conte, who has been recovering from gallbladder surgery, returned to the touchline for the first time since the first leg in Milan last month, and after an FA Cup defeat away to Sheffield United and a Premier League loss at Wolves ahead of Wednesday night's game, the Italian admitted his time at the club could come to an end sooner rather than later.

“I’m under contract at Tottenham, then we will decide at the end of the season with the club,” Conte said.

“My contract expires in June, we will see – they might sack me even before the end of the season. Perhaps the expectations were higher and they may be disappointed? What matters for a coach is trying to work and raise the bar. This year we are struggling to raise the bar.”

Following elimination from the FA Cup and Champions League in the same week, Tottenham now look set for a 15th successive season without silverware. Spurs are still fourth in the Premier League and hold hopes of qualifying for next season's Champions League, although fifth-placed Liverpool's return to form makes the Reds favourites for a coveted top-four place. Should Liverpool and Newcastle, in sixth, win their games in hand Tottenham will slip out of the top four.

Tottenham v AC Milan player ratings

  • TOTTENHAM PLAYER RATINGS: Fraser Forster, 6 – Untested for the most part in what turned into a pretty drab affair, although he kept his side in the tie just after the break with a big save on Diaz. EPA
    TOTTENHAM PLAYER RATINGS: Fraser Forster, 6 – Untested for the most part in what turned into a pretty drab affair, although he kept his side in the tie just after the break with a big save on Diaz. EPA
  • Cristian Romero, 2 – Lacked discipline. Picked up an avoidable booking when he opted to stop Leao in his tracks with brute force. He escaped without further punishment when he cynically fouled Diaz but saw red after clattering Hernandez. Getty
    Cristian Romero, 2 – Lacked discipline. Picked up an avoidable booking when he opted to stop Leao in his tracks with brute force. He escaped without further punishment when he cynically fouled Diaz but saw red after clattering Hernandez. Getty
  • Clement Lenglet, 6 – Became the second man to rule himself out of the next round for a stray elbow into the back of Giroud’s head, although in the end it didn’t matter. A clean sheet against a decent side, but Milan barely had to leave second gear. Getty
    Clement Lenglet, 6 – Became the second man to rule himself out of the next round for a stray elbow into the back of Giroud’s head, although in the end it didn’t matter. A clean sheet against a decent side, but Milan barely had to leave second gear. Getty
  • Ben Davies, 5 – A couple of important interceptions from the Welshman, but he also put the ball straight out of play after miscontrolling Maignan’s punt forward. If anything summed up the evening, it was probably that. AP
    Ben Davies, 5 – A couple of important interceptions from the Welshman, but he also put the ball straight out of play after miscontrolling Maignan’s punt forward. If anything summed up the evening, it was probably that. AP
  • Emerson Royal, 7 – Had Maignan scrambling when his deflected strike span towards the corner of the goal, but Tomori had taken the sting out of the shot. Took the ball off the head of Giroud with a vital flick on at the back post. Reuters
    Emerson Royal, 7 – Had Maignan scrambling when his deflected strike span towards the corner of the goal, but Tomori had taken the sting out of the shot. Took the ball off the head of Giroud with a vital flick on at the back post. Reuters
  • Oliver Skipp, 4 – Escaped an early yellow card for wrestling Leao who was looking to race away for the first time. Failed to inject any creativity on a dismal night for Spurs. Getty
    Oliver Skipp, 4 – Escaped an early yellow card for wrestling Leao who was looking to race away for the first time. Failed to inject any creativity on a dismal night for Spurs. Getty
  • Pierre-Emile Hojbjerg, 4 –Like Skipp, he failed to produce a spark to get Spurs ticking in the middle in a passive performance. With that said, he tested Maignan for the first time with a powerful effort. Getty
    Pierre-Emile Hojbjerg, 4 –Like Skipp, he failed to produce a spark to get Spurs ticking in the middle in a passive performance. With that said, he tested Maignan for the first time with a powerful effort. Getty
  • Ivan Perisic, 4 – A sluggish performance from the Croatian who allowed Milan to recycle the ball after a poor cross stayed in play, and failed to prevent a well-worked set-piece from reaching Messias at the far post as the latter fired wide. EPA
    Ivan Perisic, 4 – A sluggish performance from the Croatian who allowed Milan to recycle the ball after a poor cross stayed in play, and failed to prevent a well-worked set-piece from reaching Messias at the far post as the latter fired wide. EPA
  • Dejan Kulusevski, 5 – A disappointing first half that started brightly when he neatly turned the ball around the corner for Perisic but fizzled out. Provided a couple of teasing deliveries in a better second-half display, but he was still nowhere near his best. Getty
    Dejan Kulusevski, 5 – A disappointing first half that started brightly when he neatly turned the ball around the corner for Perisic but fizzled out. Provided a couple of teasing deliveries in a better second-half display, but he was still nowhere near his best. Getty
  • Son Heung-min, 4 – A quiet night from the usually tireless South Korea star, who won his side a corner with a deflected strike but offered little else. Admittedly he didn’t have much service to feed off, and he almost set up a dramatic equaliser when he found Kane late on. Getty
    Son Heung-min, 4 – A quiet night from the usually tireless South Korea star, who won his side a corner with a deflected strike but offered little else. Admittedly he didn’t have much service to feed off, and he almost set up a dramatic equaliser when he found Kane late on. Getty
  • Harry Kane, 6 –. Opened Milan up for the first time when he charged forward and laid the ball off for Kulusevski. He found chances hard to come by after that, although he almost snatched an underserved lifeline when his stoppage-time header was brilliantly saved. Getty
    Harry Kane, 6 –. Opened Milan up for the first time when he charged forward and laid the ball off for Kulusevski. He found chances hard to come by after that, although he almost snatched an underserved lifeline when his stoppage-time header was brilliantly saved. Getty
  • Pedro Porro (Perisic 53'), 7 – Had a chance to make an almost instant impact, but he hit a poor free-kick straight into the wall from a promising area. He was full of energy in a decent display and he thwarted Tonali with a huge block. Getty
    Pedro Porro (Perisic 53'), 7 – Had a chance to make an almost instant impact, but he hit a poor free-kick straight into the wall from a promising area. He was full of energy in a decent display and he thwarted Tonali with a huge block. Getty
  • Davinson Sanchez (Kulusevski 53'), 6 – Replaced Kulusevski to a chorus of boos, which probably wasn’t how it wanted to mark his 200th appearance for Spurs. EPA
    Davinson Sanchez (Kulusevski 53'), 6 – Replaced Kulusevski to a chorus of boos, which probably wasn’t how it wanted to mark his 200th appearance for Spurs. EPA
  • Richarlison (Emerson 69'), 4 – Should have been booked for checking Maignan and then grabbing the goalkeeper by the throat. Petulant behaviour when Spurs had a job to do. Reuters
    Richarlison (Emerson 69'), 4 – Should have been booked for checking Maignan and then grabbing the goalkeeper by the throat. Petulant behaviour when Spurs had a job to do. Reuters
  • AC MILAN PLAYER RATINGS: Mike Maignan, 8 – Untroubled by a couple of deflected strikes from Emerson and Kane in the first half. Produce a late wonder-save to deny the latter and ensure Milan progressed, but it was an otherwise quiet night for the Milan goalkeeper. Getty
    AC MILAN PLAYER RATINGS: Mike Maignan, 8 – Untroubled by a couple of deflected strikes from Emerson and Kane in the first half. Produce a late wonder-save to deny the latter and ensure Milan progressed, but it was an otherwise quiet night for the Milan goalkeeper. Getty
  • Pierre Kalulu, 7 – Halted a promising Spurs counter with a calculated sliding challenge as the game entered the home straight and he got a vital connection on a dangerous cross with a white shirt lurking behind him. Reuters
    Pierre Kalulu, 7 – Halted a promising Spurs counter with a calculated sliding challenge as the game entered the home straight and he got a vital connection on a dangerous cross with a white shirt lurking behind him. Reuters
  • Malick Thiaw, 7 – Untroubled for most of the night despite rising Tottenham pressure after the break. Effectively broke up the play when he took out Richarlison who was looking to play in Son and Milan escaped unscathed. AFP
    Malick Thiaw, 7 – Untroubled for most of the night despite rising Tottenham pressure after the break. Effectively broke up the play when he took out Richarlison who was looking to play in Son and Milan escaped unscathed. AFP
  • Fikayo Tomori, 8 – Solid and reliable. Got an important body in the way of Emerson’s strike which allowed Maignan to smother, and he did a superb job on Kane to significantly blunt the Spurs attack. Getty
    Fikayo Tomori, 8 – Solid and reliable. Got an important body in the way of Emerson’s strike which allowed Maignan to smother, and he did a superb job on Kane to significantly blunt the Spurs attack. Getty
  • Junior Messias, 6 – Dragged a big chance horribly wide after a well-crafted move that caught Spurs napping, and he saw another opportunity go begging when he cut inside nicely only to blast miles over Forster’s crossbar. AFP
    Junior Messias, 6 – Dragged a big chance horribly wide after a well-crafted move that caught Spurs napping, and he saw another opportunity go begging when he cut inside nicely only to blast miles over Forster’s crossbar. AFP
  • Rade Krunic, 6 – Had Milan cantering up the field before he was halted by Skipp as Milan started positively. Nullified the Tottenham midfield in a scrappy encounter. AFP
    Rade Krunic, 6 – Had Milan cantering up the field before he was halted by Skipp as Milan started positively. Nullified the Tottenham midfield in a scrappy encounter. AFP
  • Sandro Tonali, 6 – Picked out Giroud with a lovely lofted ball over the top, but the forward’s overhead kick attempt was all wrong and failed to match the gloss of Tonali’s pass. Wasted a huge opportunity when he fired straight into Porro. AP
    Sandro Tonali, 6 – Picked out Giroud with a lovely lofted ball over the top, but the forward’s overhead kick attempt was all wrong and failed to match the gloss of Tonali’s pass. Wasted a huge opportunity when he fired straight into Porro. AP
  • Theo Hernandez, 8 – Led by example. Scrapped for everything and made life difficult for the Spurs midfielders, although he wasted an early chance to pile on the pressure when his free-kick was far too deep. AFP
    Theo Hernandez, 8 – Led by example. Scrapped for everything and made life difficult for the Spurs midfielders, although he wasted an early chance to pile on the pressure when his free-kick was far too deep. AFP
  • Brahim Diaz, 8 – Lively. Came to life after the break when he danced into the penalty area and forced a smart save from Forster, before winning a free-kick in a dangerous area after nutmegging Emerson. Getty
    Brahim Diaz, 8 – Lively. Came to life after the break when he danced into the penalty area and forced a smart save from Forster, before winning a free-kick in a dangerous area after nutmegging Emerson. Getty
  • Rafael Leao, 7 – Always looked to be a dangerous outlet. Scuffed his best effort after the break after great work from Diaz but the latter should have scored after brilliant work from Leao moments later. Getty
    Rafael Leao, 7 – Always looked to be a dangerous outlet. Scuffed his best effort after the break after great work from Diaz but the latter should have scored after brilliant work from Leao moments later. Getty
  • Olivier Giroud, 6 – The former Arsenal and Chelsea man will have been hungry for a goal given the opposition. He forced Forster into action with an instinctive volley after good work from Leao, but otherwise he struggled for clear-cut chances. EPA
    Olivier Giroud, 6 – The former Arsenal and Chelsea man will have been hungry for a goal given the opposition. He forced Forster into action with an instinctive volley after good work from Leao, but otherwise he struggled for clear-cut chances. EPA
  • SUBS: Alexis Saelemaekers (Messias 56'), 6 – A decent outing from the substitute who made himself busy in the Milan midfield. AP
    SUBS: Alexis Saelemaekers (Messias 56'), 6 – A decent outing from the substitute who made himself busy in the Milan midfield. AP
  • Ismael Bennacer (Diaz 81'), NR – Tested the gloves of Forster from distance as the minutes trickled down. Getty
    Ismael Bennacer (Diaz 81'), NR – Tested the gloves of Forster from distance as the minutes trickled down. Getty
  • Divock Origi (Giroud 81'), NR – The former Liverpool man broke Spurs' hearts in the Champions League final four years ago, and he almost did so again when his 94th-minute effort hammered the post. AP
    Divock Origi (Giroud 81'), NR – The former Liverpool man broke Spurs' hearts in the Champions League final four years ago, and he almost did so again when his 94th-minute effort hammered the post. AP
  • Ante Rebic (Leao 89'), NR – A brief cameo for the experienced winger. Getty
    Ante Rebic (Leao 89'), NR – A brief cameo for the experienced winger. Getty

It marks a stark contrast from Conte's first seven months in charge when, after being appointed in November 2021, he led Spurs from eighth in the Premier League table to a top-four finish.

“I’m really sorry for the fans but we cannot get the win,” Conte said. “It’s important to know this or hope for a miracle that one day a trophy comes to us … we have to build and have patience. I understand the fans don’t have patience because for a long time Tottenham have not been winning, but what I can promise is that we continue to work and try to improve.

“In this moment we don’t have a solid foundation to be competitive to fight to win, in my opinion. We tried to work and understand the right players to create a foundation, and in the market to find a resolution to improve, but at the moment the club knows my thoughts.

“I have a great relationship with my chairman but that doesn’t mean I don’t tell them what my vision is. We will see. We have to finish the season. We have a contract until June. I’m happy to work in Tottenham but at the end I will make a decision. The club knows my vision and my thoughts about the situation.”

While issues persist at Tottenham, progress to the quarter-finals provides a boost to Milan, who have seen their Serie A title defence collapse. Milan sit fifth in the league table, 18 points behind runaway leaders Napoli.

"I like to think there’s nothing impossible in sport," Milan manager Stefano Pioli said. "Clearly, only the best in Europe remain, and each round gets more difficult, but I am sure that all the European experiences, especially the negative ones – help us step up a level.

"Now we must go into the quarter-final with confidence and belief."

Ten tax points to be aware of in 2026

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

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

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.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

While you're here
SPEC%20SHEET%3A%20APPLE%20IPAD%20PRO%20(12.9%22%2C%202022)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2012.9-inch%20Liquid%20Retina%20XDR%2C%202%2C732%20x%202%2C048%2C%20264ppi%2C%20wide%20colour%2C%20True%20Tone%2C%20ProMotion%2C%201%2C600%20nits%20max%2C%20Apple%20Pencil%20hover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EChip%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20CPU%2C%2010-core%20GPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%20Storage%20%E2%80%93%20128GB%2F256GB%2F512GB%20%2F%201TB%2F2TB%3B%20RAM%20%E2%80%93%208GB%2F16GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iPadOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2012MP%20wide%20(f%2F1.8)%20%2B%2010MP%20ultra-wide%20(f%2F2.4)%2C%202x%20optical%2F5x%20digital%2C%20Smart%20HDR%204%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20ProRes%204K%20%40%2030fps%2C%204K%20%40%2024%2F25%2F30%2F60fps%2C%20full%20HD%20%40%2025%2F30%2F60fps%2C%20slo-mo%20%40%20120%2F240fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%20TrueDepth%2012MP%20ultra-wide%20(f%2F2.4)%2C%202x%2C%20Smart%20HDR%204%2C%20Centre%20Stage%2C%20Portrait%2C%20Animoji%2C%20Memoji%3B%20full%20HD%20%40%2025%2F30%2F60fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%20Four-speaker%20stereo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%2C%20smart%20connector%20(for%20folio%2Fkeyboard)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20Up%20to%2010%20hours%20on%20Wi-Fi%3B%20up%20to%20nine%20hours%20on%20cellular%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinish%3A%3C%2Fstrong%3E%20Silver%2C%20space%20grey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPad%2C%20USB-C-to-USB-C%20cable%2C%2020-watt%20power%20adapter%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20WiFi%20%E2%80%93%20Dh4%2C599%20(128GB)%20%2F%20Dh4%2C999%20(256GB)%20%2F%20Dh5%2C799%20(512GB)%20%2F%20Dh7%2C399%20(1TB)%20%2F%20Dh8%2C999%20(2TB)%3B%20cellular%20%E2%80%93%20Dh5%2C199%20%2F%20Dh5%2C599%20%2F%20Dh6%2C399%20%2F%20Dh7%2C999%20%2F%20Dh9%2C599%3C%2Fp%3E%0A
BUNDESLIGA FIXTURES

Friday (UAE kick-off times)

Cologne v Hoffenheim (11.30pm)

Saturday

Hertha Berlin v RB Leipzig (6.30pm)

Schalke v Fortuna Dusseldof (6.30pm)

Mainz v Union Berlin (6.30pm)

Paderborn v Augsburg (6.30pm)

Bayern Munich v Borussia Dortmund (9.30pm)

Sunday

Borussia Monchengladbach v Werder Bremen (4.30pm)

Wolfsburg v Bayer Leverkusen (6.30pm)

SC Freiburg v Eintracht Frankfurt (9on)

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes

The Baghdad Clock

Shahad Al Rawi, Oneworld

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Four-day collections of TOH

Day             Indian Rs (Dh)        

Thursday    500.75 million (25.23m)

Friday         280.25m (14.12m)

Saturday     220.75m (11.21m)

Sunday       170.25m (8.58m)

Total            1.19bn (59.15m)

(Figures in millions, approximate)

Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

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Profile of Foodics

Founders: Ahmad AlZaini and Mosab AlOthmani

Based: Riyadh

Sector: Software

Employees: 150

Amount raised: $8m through seed and Series A - Series B raise ongoing

Funders: Raed Advanced Investment Co, Al-Riyadh Al Walid Investment Co, 500 Falcons, SWM Investment, AlShoaibah SPV, Faith Capital, Technology Investments Co, Savour Holding, Future Resources, Derayah Custody Co.

MATCH INFO

Uefa Champions League semi-final, second leg result:

Ajax 2-3 Tottenham

Tottenham advance on away goals rule after tie ends 3-3 on aggregate

Final: June 1, Madrid

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While you're here
'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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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

Roll of honour 2019-2020

Dubai Rugby Sevens

Winners: Dubai Hurricanes

Runners up: Bahrain

 

West Asia Premiership

Winners: Bahrain

Runners up: UAE Premiership

 

UAE Premiership

Winners: Dubai Exiles

Runners up: Dubai Hurricanes

 

UAE Division One

Winners: Abu Dhabi Saracens

Runners up: Dubai Hurricanes II

 

UAE Division Two

Winners: Barrelhouse

Runners up: RAK Rugby

The biog

Favourite hobby: I love to sing but I don’t get to sing as much nowadays sadly.

Favourite book: Anything by Sidney Sheldon.

Favourite movie: The Exorcist 2. It is a big thing in our family to sit around together and watch horror movies, I love watching them.

Favourite holiday destination: The favourite place I have been to is Florence, it is a beautiful city. My dream though has always been to visit Cyprus, I really want to go there.

Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

Updated: March 09, 2023, 5:38 AM
Antonio ConteTottenham HotspurAC MilanChampions League