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Soccer Football - Premier League - Crystal Palace v Manchester City - Selhurst Park, London, Britain - March 11, 2023 Manchester City manager Pep Guardiola and Erling Braut Haaland celebrate after the match REUTERS/Tony Obrien EDITORIAL USE ONLY. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club /league/player publications. Please contact your account representative for further details.
Soccer Football - Premier League - Crystal Palace v Manchester City - Selhurst Park, London, Britain - March 11, 2023 Manchester City manager Pep Guardiola and Erling Braut Haaland celebrate after the match REUTERS/Tony Obrien EDITORIAL USE ONLY. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club /league/player publications. Please contact your account representative for further details.
Soccer Football - Premier League - Crystal Palace v Manchester City - Selhurst Park, London, Britain - March 11, 2023 Manchester City manager Pep Guardiola and Erling Braut Haaland celebrate after the

Erling Haaland on target as Manchester City keep the pressure on leaders Arsenal


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Manchester City kept up the pressure on Arsenal after Erling Haaland converted a second-half penalty to secure a 1-0 win over Crystal Palace on Saturday.

Haaland spurned a great chance in the first half but calmly converted from the spot in the 78th minute after Michael Olise clumsily clattered into Ilkay Gundogan in the area.

The win brought City within two points of leader Arsenal ahead of the Gunners’ visit to Fulham on Sunday, while Palace are still looking for a first victory of 2023.

"Three points and to win games and to keep performing, it's not easy. Bournemouth beat Liverpool earlier so every game is not easy, it is a fight," Haaland told Sky Sports.

"Nice stadium and a good game and I enjoy it. It's my job and I enjoy it. Everyone knows how important this win is for us and we have to keep going.

"We have to play different ways. People adapt as a team and how people play. Last five years at City there have been four Premier Leagues and we have to adapt and try our best to perform.

Palace 0-1 Man City - in pictures

"I enjoy it, this is England, this is what I have watched my whole life. I enjoy every single second being in it. It's good to be in the middle of it."

Haaland’s 28th goal in 27 league games came after a cleverly taken corner by City. With Palace players switching off, City played a short corner to Gundogan, who was wide open inside the area. Olise rushed in to challenge the midfielder, only to kick his leg as he tried to get to the ball.

Until then, it looked like Palace manager Patrick Vieira — the former Arsenal captain who finished his playing career at City and started his coaching career at its sister club New York City FC — may do the Gunners a big favour in the title race between his two former clubs.

But Palace again looked toothless in attack and finished without a single shot on target for the third league game in a row.

COMPANY%20PROFILE
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Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag

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.”

Results
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INDIA'S%20TOP%20INFLUENCERS
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UAE%20SQUAD
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The specs

Engine: 4.0-litre V8

Power: 503hp at 6,000rpm

Torque: 685Nm at 2,000rpm

Transmission: 8-speed auto

Price: from Dh850,000

On sale: now

Updated: March 11, 2023, 7:54 PM