• ITALY RATINGS: Gianluigi Donnarumma - 6. Displayed excellent reflexes to tip a Bellingham shot over the bar in the 12th minute. Had next to nothing to do in the second half. AFP
    ITALY RATINGS: Gianluigi Donnarumma - 6. Displayed excellent reflexes to tip a Bellingham shot over the bar in the 12th minute. Had next to nothing to do in the second half. AFP
  • Giovanni Di Lorenzo - 4. Carelessly handled the ball while challenging Kane to give the Three Lions a penalty. Reuters
    Giovanni Di Lorenzo - 4. Carelessly handled the ball while challenging Kane to give the Three Lions a penalty. Reuters
  • Leonardo Spinazzola - 5. Endured a torrid first half against the in-form Bukayo Saka. Had very little defensive work to do in the second half but got forward well to support in attack. Getty Images
    Leonardo Spinazzola - 5. Endured a torrid first half against the in-form Bukayo Saka. Had very little defensive work to do in the second half but got forward well to support in attack. Getty Images
  • Rafael Toloi - 5 Gave Rice too much space to get a shot off and give England the lead in the 13th minute. Looked more solid after that early gaffe. Getty Images
    Rafael Toloi - 5 Gave Rice too much space to get a shot off and give England the lead in the 13th minute. Looked more solid after that early gaffe. Getty Images
  • Francesco Acerbi - 6. A quiet game for Acerbi in the middle of Italy's backline. Stuck to his job well and had a half chance to draw Italy level in the second half. EPA
    Francesco Acerbi - 6. A quiet game for Acerbi in the middle of Italy's backline. Stuck to his job well and had a half chance to draw Italy level in the second half. EPA
  • Nicolo Barella - 6. His combative spirit saw him get into a number of scuffles in the first half. A tireless runner, but he lacked that bit of quality to provide the final pass to breach England’s backline. AP
    Nicolo Barella - 6. His combative spirit saw him get into a number of scuffles in the first half. A tireless runner, but he lacked that bit of quality to provide the final pass to breach England’s backline. AP
  • Jorginho - 5. Worked hard at the base of Italy’s midfield but got overrun by England's more athletic midfielders in the first half. Improved in the second half. AFP
    Jorginho - 5. Worked hard at the base of Italy’s midfield but got overrun by England's more athletic midfielders in the first half. Improved in the second half. AFP
  • Marco Verrati - 7. Played a brilliant pass to find Pellegrini in the box early in the second half. Helped Italy win the midfield battle after the break. EPA
    Marco Verrati - 7. Played a brilliant pass to find Pellegrini in the box early in the second half. Helped Italy win the midfield battle after the break. EPA
  • Domenico Berardi - 5. Struggled against Shaw and failed to provide much of a threat to Pickford’s goal. Getty Images
    Domenico Berardi - 5. Struggled against Shaw and failed to provide much of a threat to Pickford’s goal. Getty Images
  • Lorenzo Pellegrini - 7. Delivered two dangerous corners to cause panic in the England penalty area at the beginning of the second half. Found Rategui with a disguised pass to bring the Azzurri back into the game. Getty Images
    Lorenzo Pellegrini - 7. Delivered two dangerous corners to cause panic in the England penalty area at the beginning of the second half. Found Rategui with a disguised pass to bring the Azzurri back into the game. Getty Images
  • Mateo Retegui - 8. Should have at least tested Pickford from a corner in the sixth minute. Capped off his debut with a side-footed finish into the bottom corner to bring Italy back into the game. EPA
    Mateo Retegui - 8. Should have at least tested Pickford from a corner in the sixth minute. Capped off his debut with a side-footed finish into the bottom corner to bring Italy back into the game. EPA
  • SUBS: Matteo Politano (Berardi, 62) - 6. Almost got on the end of a Gnonto cross in the 77th minute. Getty Images
    SUBS: Matteo Politano (Berardi, 62) - 6. Almost got on the end of a Gnonto cross in the 77th minute. Getty Images
  • Bryan Cristante (Barrela, 62) - 6. Worked hard after coming on but couldn't help Italy grab the equaliser. Getty Images
    Bryan Cristante (Barrela, 62) - 6. Worked hard after coming on but couldn't help Italy grab the equaliser. Getty Images
  • Wilfred Gnonto (Pellegrini, 69) - 7. Came on and caused a lot of problems for England on the right-hand side. Getty Images
    Wilfred Gnonto (Pellegrini, 69) - 7. Came on and caused a lot of problems for England on the right-hand side. Getty Images
  • Sandro Tonali (Jorginho, 69) - 6. Denied by a Stones block in the 75th minute. Added an extra body to the Azzurri midfield to help the dominate the game in the second half. Getty Images
    Sandro Tonali (Jorginho, 69) - 6. Denied by a Stones block in the 75th minute. Added an extra body to the Azzurri midfield to help the dominate the game in the second half. Getty Images
  • ENGLAND RATINGS: Jordan Pickford - 6. Displayed his sweeper-keeper role to deny Berardi in the 30th minute. Made two decent saves to deny Italy an equaliser. Getty Images
    ENGLAND RATINGS: Jordan Pickford - 6. Displayed his sweeper-keeper role to deny Berardi in the 30th minute. Made two decent saves to deny Italy an equaliser. Getty Images
  • Kyle Walker - 6. Had a good game against Pellegrini in the first half but really struggled against the more tricky Gnonto as Italy piled on the pressure in search of an equaliser. Getty Images
    Kyle Walker - 6. Had a good game against Pellegrini in the first half but really struggled against the more tricky Gnonto as Italy piled on the pressure in search of an equaliser. Getty Images
  • Luke Shaw - 5. Defended and attacked well in the first half. Picked up a first yellow card for time wasting in the 78th minute and just a minute later, picked up a second booking for a foul. EPA
    Luke Shaw - 5. Defended and attacked well in the first half. Picked up a first yellow card for time wasting in the 78th minute and just a minute later, picked up a second booking for a foul. EPA
  • Harry Maguire - 4. At fault for Italy’s first goal as he made a misplaced pass, needlessly jumped in to foul Barella whilst trying to recover the ball, and left Rategui in acres of space to bring the Azzurri back into the game. Looked shaky as the Italy piled on the pressure. Getty Images
    Harry Maguire - 4. At fault for Italy’s first goal as he made a misplaced pass, needlessly jumped in to foul Barella whilst trying to recover the ball, and left Rategui in acres of space to bring the Azzurri back into the game. Looked shaky as the Italy piled on the pressure. Getty Images
  • John Stones - 7. Made a good last-man block to deny Retegui in the 39th minute. Made a number of last-ditch blocks to deny Italy in the second half and looked like the more assured defender next to Maguire. AFP
    John Stones - 7. Made a good last-man block to deny Retegui in the 39th minute. Made a number of last-ditch blocks to deny Italy in the second half and looked like the more assured defender next to Maguire. AFP
  • Declan Rice - 9. Had a very busy start to the game with Italy applying early pressure. Gave England the lead with a close-range left-footed finish in the 13th minute. Made a well-timed sliding challenge to stop Barella at the edge of the box in the 27th minute. AP Photo
    Declan Rice - 9. Had a very busy start to the game with Italy applying early pressure. Gave England the lead with a close-range left-footed finish in the 13th minute. Made a well-timed sliding challenge to stop Barella at the edge of the box in the 27th minute. AP Photo
  • Jude Bellingham - 6. Tested Donnarumma with a rasping shot in the 12th minute. Enjoyed a lively first half but struggled to get involved in the second. Getty Images
    Jude Bellingham - 6. Tested Donnarumma with a rasping shot in the 12th minute. Enjoyed a lively first half but struggled to get involved in the second. Getty Images
  • Kalvin Philips - 6. Had a chance to play Kane through on goal but chose to shoot and hit his shot wide in the 32nd minute. Provided good cover for the Three Lions backline next to Rice. AP Photo
    Kalvin Philips - 6. Had a chance to play Kane through on goal but chose to shoot and hit his shot wide in the 32nd minute. Provided good cover for the Three Lions backline next to Rice. AP Photo
  • Jack Grealish - 5. Inexplicably missed an open goal when Kane found him with a low cross in the 46th minute. Failed to really get into the game in the second half. Getty Images
    Jack Grealish - 5. Inexplicably missed an open goal when Kane found him with a low cross in the 46th minute. Failed to really get into the game in the second half. Getty Images
  • Bukayo Saka - 7. Had England's first shot on target with a tame shot in the eighth minute. Was a thorn in the flesh of Spinazzola all through the game. AP Photo
    Bukayo Saka - 7. Had England's first shot on target with a tame shot in the eighth minute. Was a thorn in the flesh of Spinazzola all through the game. AP Photo
  • Harry Kane - 8. His blocked shot from close range ricochetted into the path of Rice to give England the lead. Became England’s top scorer from the penalty spot on the stroke of half-time. Getty Images
    Harry Kane - 8. His blocked shot from close range ricochetted into the path of Rice to give England the lead. Became England’s top scorer from the penalty spot on the stroke of half-time. Getty Images
  • SUBS: Phil Foden (Grealish, 69) - N/A. Surprisingly subbed off early in the 81st minute due to a red card to Shaw. Getty Images
    SUBS: Phil Foden (Grealish, 69) - N/A. Surprisingly subbed off early in the 81st minute due to a red card to Shaw. Getty Images
  • Kieran Trippier (Foden, 81) - N/A. Came on to try and help England close out the game with 10 men. EPA
    Kieran Trippier (Foden, 81) - N/A. Came on to try and help England close out the game with 10 men. EPA
  • Reece James (Saka, 85) - N/A. A solid short cameo as Southgate looked to hold on for the win. Getty Images
    Reece James (Saka, 85) - N/A. A solid short cameo as Southgate looked to hold on for the win. Getty Images
  • Conor Gallagher (Bellingham, 85) - N/A. Wonderful cameo. Was everywhere, breaking up play, tidying up. Getty Images
    Conor Gallagher (Bellingham, 85) - N/A. Wonderful cameo. Was everywhere, breaking up play, tidying up. Getty Images

Italy v England player ratings: Retegui 8, Di Lorenzo 4; Kane 8, Shaw 5


  • English
  • Arabic

Harry Kane described his 54th international goal as a "magical moment" as he became England's all-time leading goalscorer in a 2-1 Euro 2024 qualifying win away to Italy on Thursday.

The Tottenham striker banished memories of his crucial penalty miss in the Three Lions' World Cup quarter-final defeat by France in December by smashing home a spot-kick just before half-time to give the visitors a 2-0 lead in Naples.

"It had to be a penalty, and once it hit the back of the net, huge emotion," Kane told Channel 4. "A magical moment."

On his 81st international appearance, the England captain moved clear of Wayne Rooney's tally of 53 goals for the Three Lions.

"I knew it wouldn't take long but that was quick," Rooney posted on Twitter. "Great man, unbelievable goalscorer and an England legend. Congrats Harry."

START-UPS%20IN%20BATCH%204%20OF%20SANABIL%20500'S%20ACCELERATOR%20PROGRAMME
%3Cp%3E%3Cstrong%3ESaudi%20Arabia%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJoy%3A%3C%2Fstrong%3E%20Delivers%20car%20services%20with%20affordable%20prices%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKaraz%3A%3C%2Fstrong%3E%20Helps%20diabetics%20with%20gamification%2C%20IoT%20and%20real-time%20data%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMedicarri%3A%3C%2Fstrong%3E%20Medical%20marketplace%20that%20connects%20clinics%20with%20suppliers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMod5r%3C%2Fstrong%3E%3A%20Makes%20automated%20and%20recurring%20investments%20to%20grow%20wealth%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStuck%3A%3C%2Fstrong%3E%20Live%2C%20on-demand%20language%20support%20to%20boost%20writing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWalzay%3A%3C%2Fstrong%3E%20Helps%20in%20recruitment%20while%20reducing%20hiring%20time%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEighty6%3A%20%3C%2Fstrong%3EMarketplace%20for%20restaurant%20and%20supplier%20procurements%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFarmUnboxed%3A%20%3C%2Fstrong%3EHelps%20digitise%20international%20food%20supply%20chain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENutriCal%3A%3C%2Fstrong%3E%20Helps%20F%26amp%3BB%20businesses%20and%20governments%20with%20nutritional%20analysis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EWellxai%3A%3C%2Fstrong%3E%20Provides%20insurance%20that%20enables%20and%20rewards%20user%20habits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgypt%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAmwal%3A%3C%2Fstrong%3E%20A%20Shariah-compliant%20crowd-lending%20platform%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDeben%3A%3C%2Fstrong%3E%20Helps%20CFOs%20manage%20cash%20efficiently%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEgab%3A%3C%2Fstrong%3E%20Connects%20media%20outlets%20to%20journalists%20in%20hard-to-reach%20areas%20for%20exclusives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENeqabty%3A%3C%2Fstrong%3E%20Digitises%20financial%20and%20medical%20services%20of%20labour%20unions%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOman%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMonak%3A%3C%2Fstrong%3E%20Provides%20financial%20inclusion%20and%20life%20services%20to%20migrants%3C%2Fp%3E%0A
Yemen's Bahais and the charges they often face

The Baha'i faith was made known in Yemen in the 19th century, first introduced by an Iranian man named Ali Muhammad Al Shirazi, considered the Herald of the Baha'i faith in 1844.

The Baha'i faith has had a growing number of followers in recent years despite persecution in Yemen and Iran. 

Today, some 2,000 Baha'is reside in Yemen, according to Insaf. 

"The 24 defendants represented by the House of Justice, which has intelligence outfits from the uS and the UK working to carry out an espionage scheme in Yemen under the guise of religion.. aimed to impant and found the Bahai sect on Yemeni soil by bringing foreign Bahais from abroad and homing them in Yemen," the charge sheet said. 

Baha'Ullah, the founder of the Bahai faith, was exiled by the Ottoman Empire in 1868 from Iran to what is now Israel. Now, the Bahai faith's highest governing body, known as the Universal House of Justice, is based in the Israeli city of Haifa, which the Bahais turn towards during prayer. 

The Houthis cite this as collective "evidence" of Bahai "links" to Israel - which the Houthis consider their enemy. 

 

box

COMPANY PROFILE

Company name: Letstango.com

Started: June 2013

Founder: Alex Tchablakian

Based: Dubai

Industry: e-commerce

Initial investment: Dh10 million

Investors: Self-funded

Total customers: 300,000 unique customers every month

The specs: 2018 Audi Q5/SQ5

Price, base: Dh183,900 / Dh249,000
Engine: 2.0L, turbocharged in-line four-cylinder /  3.0L, turbocharged V6
Gearbox: Seven-speed automatic / Eight-speed automatic
Power: 252hp @ 5,000rpm / 354hp @ 5,400rpm
Torque: 370Nm @ 1,600rpm / 500Nm @ 1,370rpm
Fuel economy: combined 7.2L / 100km / 8.3L / 100km

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

The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

UAE%20SQUAD
%3Cp%3E%0DJemma%20Eley%2C%20Maria%20Michailidou%2C%20Molly%20Fuller%2C%20Chloe%20Andrews%20(of%20Dubai%20College)%2C%20Eliza%20Petricola%2C%20Holly%20Guerin%2C%20Yasmin%20Craig%2C%20Caitlin%20Gowdy%20(Dubai%20English%20Speaking%20College)%2C%20Claire%20Janssen%2C%20Cristiana%20Morall%20(Jumeirah%20English%20Speaking%20School)%2C%20Tessa%20Mies%20(Jebel%20Ali%20School)%2C%20Mila%20Morgan%20(Cranleigh%20Abu%20Dhabi).%3C%2Fp%3E%0A
Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

The specs

Engine: 5.0-litre V8

Power: 480hp at 7,250rpm

Torque: 566Nm at 4,600rpm

Transmission: 10-speed auto

Fuel consumption: L/100km

Price: Dh306,495

On sale: now

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania ​​​​​​​
Verdict: 4 Stars

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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.

Alita: Battle Angel

Director: Robert Rodriguez

Stars: Rosa Salazar, Christoph Waltz, Keean Johnson

Four stars

BlacKkKlansman

Director: Spike Lee

Starring: John David Washington; Adam Driver 

Five stars

FIGHT CARD

Welterweight Mostafa Radi (PAL) v Tohir Zhuraev (TJK)

Catchweight 75kg Leandro Martins (BRA) v Anas Siraj Mounir (MAR)

Flyweight Corinne Laframboise (CAN) v Manon Fiorot (FRA)

Featherweight Ahmed Al Darmaki (UAE) v Bogdan Kirilenko (UZB)

Lightweight Izzedine Al Derabani (JOR) v Atabek Abdimitalipov (KYG)

Featherweight Yousef Al Housani (UAE) v Mohamed Arsharq Ali (SLA)

Catchweight 69kg Jung Han-gook (KOR) v Elias Boudegzdame (ALG)

Catchweight 71kg Usman Nurmagomedov (RUS) v Jerry Kvarnstrom (FIN)

Featherweight title Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

Lightweight title Bruno Machado (BRA) v Mike Santiago (USA)

Who is Allegra Stratton?

 

  • Previously worked at The Guardian, BBC’s Newsnight programme and ITV News
  • Took up a public relations role for Chancellor Rishi Sunak in April 2020
  • In October 2020 she was hired to lead No 10’s planned daily televised press briefings
  • The idea was later scrapped and she was appointed spokeswoman for Cop26
  • Ms Stratton, 41, is married to James Forsyth, the political editor of The Spectator
  • She has strong connections to the Conservative establishment
  • Mr Sunak served as best man at her 2011 wedding to Mr Forsyth

Get stories like this one in your inbox each morning.

Sign up for our daily newsletter here

SPIDER-MAN%3A%20ACROSS%20THE%20SPIDER-VERSE
%3Cp%3EDirectors%3A%20Joaquim%20Dos%20Santos%2C%20Kemp%20Powers%2C%20Justin%20K.%20Thompson%3Cbr%3EStars%3A%20Shameik%20Moore%2C%20Hailee%20Steinfeld%2C%20Oscar%20Isaac%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
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

The years Ramadan fell in May

1987

1954

1921

1888

Directed by: Craig Gillespie

Starring: Emma Stone, Emma Thompson, Joel Fry

4/5

DIVINE%20INTERVENTOIN
%3Cp%3EStarring%3A%20Elia%20Suleiman%2C%20Manal%20Khader%2C%20Amer%20Daher%3C%2Fp%3E%0A%3Cp%3EDirector%3A%20Elia%20Suleiman%3C%2Fp%3E%0A%3Cp%3ERating%3A%204.5%2F5%3C%2Fp%3E%0A
What%20is%20Dungeons%20%26%20Dragons%3F%20
%3Cp%3EDungeons%20%26amp%3B%20Dragons%20began%20as%20an%20interactive%20game%20which%20would%20be%20set%20up%20on%20a%20table%20in%201974.%20One%20player%20takes%20on%20the%20role%20of%20dungeon%20master%2C%20who%20directs%20the%20game%2C%20while%20the%20other%20players%20each%20portray%20a%20character%2C%20determining%20its%20species%2C%20occupation%20and%20moral%20and%20ethical%20outlook.%20They%20can%20choose%20the%20character%E2%80%99s%20abilities%2C%20such%20as%20strength%2C%20constitution%2C%20dexterity%2C%20intelligence%2C%20wisdom%20and%20charisma.%20In%20layman%E2%80%99s%20terms%2C%20the%20winner%20is%20the%20one%20who%20amasses%20the%20highest%20score.%3C%2Fp%3E%0A
MATCH INFO

Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)

Delhi won the match by 11 runs

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

Racecard

5.25pm: Etihad Museum – Maiden (TB) Dh82,500 (Turf) 1,200m

6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m

6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m

7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m

7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m

8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m

8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m

9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m

10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
MOTHER%20OF%20STRANGERS
%3Cp%3EAuthor%3A%20Suad%20Amiry%3Cbr%3EPublisher%3A%20Pantheon%3C%2Fp%3E%0A%3Cp%3EPages%3A%20304%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A

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.”

Tales of Yusuf Tadros

Adel Esmat (translated by Mandy McClure)

Hoopoe

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

Updated: March 24, 2023, 3:52 AM