Liverpool striker Mohamed Salah reacts after missing his penalty in the defeat at Bournemouth. AFP
Liverpool striker Mohamed Salah reacts after missing his penalty in the defeat at Bournemouth. AFP
Liverpool striker Mohamed Salah reacts after missing his penalty in the defeat at Bournemouth. AFP
Liverpool striker Mohamed Salah reacts after missing his penalty in the defeat at Bournemouth. AFP

Mohamed Salah misses penalty as Liverpool slump at Bournemouth


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Mohamed Salah missed a penalty as Liverpool came back down to earth in a shock 1-0 defeat at struggling Bournemouth on Saturday.

Jurgen Klopp's side travelled to Dean Court in high spirits after their historic 7-0 thrashing of arch rivals Manchester United last weekend.

But their hopes of using that remarkable result as a springboard to push for a top four finish in the Premier League were given a brutal reality check on the south coast.

Philip Billing punished woeful Liverpool defending to put the struggling hosts ahead early on and Salah blew the chance to equalise when he fired wide from a second half spot-kick.

Salah became Liverpool's record scorer in the Premier League era when he netted twice against United.

But the Egypt star's failure to add to his total of 130 condemned Liverpool to a first defeat in their last six league games.

 "What can I say? It was never really our game. We were dominant in the first half but mostly we put ball in at the wrong moment against a compact side," Klopp told BT Sport.

Bournemouth v Liverpool - in pictures

"They had their counter-attacks they wanted to have. I really think the spaces we had to play were super clear, super open.

"The rest was more or less busy with covering other spaces, we didn't use that often enough, didn't enjoy the challenge to face a deep, compact side. Little things witch make a massive difference and then we go 1-0 down, not helpful obviously in the counter-attack.

"We didn't defend it well and then I thought we started pretty well in the second half and then got the penalty and we missed it. After that we were in a real rush and didn't create enough really and that's it."

Apart from the damage done to Liverpool's top four bid, it was hardly ideal preparation for Wednesday's Champions League last 16 second leg at Real Madrid, where the Reds need a miracle in the Spanish capital to overturn a 5-2 deficit.

Losing to a Bournemouth side that started the day bottom of the table and lost 9-0 at Liverpool in August was the latest indignity in a troubled season for Klopp's side which has featured shock losses against Brighton, Brentford and Wolves.

Liverpool made a fast start and Virgil van Dijk's header was arrowing towards the top corner until Bournemouth midfielder Jefferson Lerma cleared off the line.

Bournemouth should have capitalised on that escape moments later when Dominic Solanke's pass sent Dango Ouattara clean through on goal.

But as Ouattara rounded Liverpool keeper Alisson Becker, his touch took him too wide and he could only shoot into the side-netting.

Ouattara again threatened Liverpool with his pace but once more he could not provide the finishing touch as Van Dijk got back for a last-ditch block.

Liverpool's high defensive line was creaking and Ouattara finally helped puncture it in the 28th minute.

Racing on to a pass down the right flank, Ouattara shrugged off Van Dijk's weak challenge and whipped over a low cross that Billing finished from close-range as Liverpool's sluggish defenders failed to react.

Klopp responded to Liverpool's lethargic performance by sending on Diogo Jota for Harvey Elliott at half-time.

It took just three minutes for Jota to make his presence felt with a curler that Neto pushed away at full stretch.

Jota was the catalyst for Liverpool's 69th minute penalty.

Picked out by James Milner's cross, he rose highest at the far post for a goal-bound header that was blocked by Adam Smith's outstretched arm.

The spot-kick was awarded after a VAR check, but Salah let Bournemouth off the hook as he blazed his effort woefully wide.

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Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

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.”

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

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Updated: March 11, 2023, 3:09 PM