• WEST HAM RATINGS: Lukasz Fabianski 5: Rounded easily by Joelinton for second goal and Wilson threatened to do same not long after but Pole timed challenge well. Saved well from Murphy and Saint-Maximin but made dreadful error for fourth goal. AFP
    WEST HAM RATINGS: Lukasz Fabianski 5: Rounded easily by Joelinton for second goal and Wilson threatened to do same not long after but Pole timed challenge well. Saved well from Murphy and Saint-Maximin but made dreadful error for fourth goal. AFP
  • Thilo Kehrer 6: German gave away needless corner that would end up with Newcastle taking early lead which set the tone for a woeful night’s defending from home side. PA
    Thilo Kehrer 6: German gave away needless corner that would end up with Newcastle taking early lead which set the tone for a woeful night’s defending from home side. PA
  • Kurt Zouma 5: Nowhere near Wilson when striker opened scoring and then caught flat-footed as Joelinton beat offside trap to make it 2-0. Headed Hammers back into game from Bowen corner. AFP
    Kurt Zouma 5: Nowhere near Wilson when striker opened scoring and then caught flat-footed as Joelinton beat offside trap to make it 2-0. Headed Hammers back into game from Bowen corner. AFP
  • Nayef Aguerd 4: Scored winner against Southampton at weekend but miserable night here. One error gifted chance to Wilson who nearly made it 3-0 just after half-hour mark. Badly at fault for Newcastle’s third when caught in possession 22 seconds after restart. PA
    Nayef Aguerd 4: Scored winner against Southampton at weekend but miserable night here. One error gifted chance to Wilson who nearly made it 3-0 just after half-hour mark. Badly at fault for Newcastle’s third when caught in possession 22 seconds after restart. PA
  • Emerson 5: Failed to close down Saint-Maximin giving Frenchman time to set-up Wilson goal. Played Joelinton onside for second. Booked for going through back of Murphy and looked like he might see red on couple of occasions. Reuters
    Emerson 5: Failed to close down Saint-Maximin giving Frenchman time to set-up Wilson goal. Played Joelinton onside for second. Booked for going through back of Murphy and looked like he might see red on couple of occasions. Reuters
  • Tomas Soucek 5: Taken off as part of a quadruple West Ham substitution in second half having made little or no impact in game. PA
    Tomas Soucek 5: Taken off as part of a quadruple West Ham substitution in second half having made little or no impact in game. PA
  • Declan Rice 7: Ran show when two teams last met and produced a couple of his trademark driving runs forward in first half, one of which almost set up chance for Antonio. Newcastle’s third goal seemed to take wind of his and West Ham’s sails just after break. Reuters
    Declan Rice 7: Ran show when two teams last met and produced a couple of his trademark driving runs forward in first half, one of which almost set up chance for Antonio. Newcastle’s third goal seemed to take wind of his and West Ham’s sails just after break. Reuters
  • Lucas Paqueta 6: Earned Hammers a point with goal in February’s reverse fixture and saw curling free-kick saved by Pope in first half here. Tried to make things happen but let down by defensive colleagues. PA
    Lucas Paqueta 6: Earned Hammers a point with goal in February’s reverse fixture and saw curling free-kick saved by Pope in first half here. Tried to make things happen but let down by defensive colleagues. PA
  • Jarrod Bowen 7: His run and low cross turned onto own post by Guimaraes in first minute, then drilled shot wide from distance soon after. Gave Burn a tough time and was West Ham’s biggest attacking spark. AP
    Jarrod Bowen 7: His run and low cross turned onto own post by Guimaraes in first minute, then drilled shot wide from distance soon after. Gave Burn a tough time and was West Ham’s biggest attacking spark. AP
  • Said Benrahma 6: Looked dangerous at times with his attacking runs in first half but was skinned by Saint-Maximin ahead of Wilson’s opener. Disappeared as game went on. PA
    Said Benrahma 6: Looked dangerous at times with his attacking runs in first half but was skinned by Saint-Maximin ahead of Wilson’s opener. Disappeared as game went on. PA
  • Michail Antonio 6: Went down under Burn challenge claiming penalty in first half but ignored by referee and VAR. His presence in six-yard box unsettled Pope ahead of Zouma goal. AP
    Michail Antonio 6: Went down under Burn challenge claiming penalty in first half but ignored by referee and VAR. His presence in six-yard box unsettled Pope ahead of Zouma goal. AP
  • SUBS: Danny Ings (On for Antonio 63’) 5: Never got sniff of goal with supply line non-existent. Reuters
    SUBS: Danny Ings (On for Antonio 63’) 5: Never got sniff of goal with supply line non-existent. Reuters
  • Vladimir Coufal (On for Kehrer 63’) 5: Couldn’t stop Newcastle running away with game. Getty
    Vladimir Coufal (On for Kehrer 63’) 5: Couldn’t stop Newcastle running away with game. Getty
  • Maxwell Cornet (On for Benrahma 63’) 6: One very good run and cross soon after coming on but no one in middle to take advantage. PA
    Maxwell Cornet (On for Benrahma 63’) 6: One very good run and cross soon after coming on but no one in middle to take advantage. PA
  • Flynn Downs (On for Soucek 63’) 5: Did nothing apart from picking up yellow card for cynical foul. PA
    Flynn Downs (On for Soucek 63’) 5: Did nothing apart from picking up yellow card for cynical foul. PA
  • NEWCASTLE RATINGS: Nick Pope 6: Rare mistake from big keeper when caught in flapping at thin air before Zouma’s goal. Solid apart from that, though, to be fair. Getty
    NEWCASTLE RATINGS: Nick Pope 6: Rare mistake from big keeper when caught in flapping at thin air before Zouma’s goal. Solid apart from that, though, to be fair. Getty
  • Kieran Trippier 7: Another fine showing from Newcastle’s reliable right-back who is having a superb season for the Magpies. Captain is always driving on teammates and made some timely challenges at the back. AFP
    Kieran Trippier 7: Another fine showing from Newcastle’s reliable right-back who is having a superb season for the Magpies. Captain is always driving on teammates and made some timely challenges at the back. AFP
  • Fabian Schar 8: Simple ball out from back caught West Ham napping and allowed Joelinton to score. His partnership with Botman at the back has been the bedrock of Newcastle’s superb defensive record. PA
    Fabian Schar 8: Simple ball out from back caught West Ham napping and allowed Joelinton to score. His partnership with Botman at the back has been the bedrock of Newcastle’s superb defensive record. PA
  • Sven Botman 8: Fantastic last-ditch tackle on Antonio with West Ham attacker almost through on goal in first half. Immaculate performance again from Dutch defender. Reuters
    Sven Botman 8: Fantastic last-ditch tackle on Antonio with West Ham attacker almost through on goal in first half. Immaculate performance again from Dutch defender. Reuters
  • Dan Burn 5: Can look susceptible against pace and was beaten a few times by Bowen who made the Geordie defender’s life difficult all night. AP
    Dan Burn 5: Can look susceptible against pace and was beaten a few times by Bowen who made the Geordie defender’s life difficult all night. AP
  • Sean Longstaff 8: Playing some of the best football of his career at the moment and his engine closing down and harrying opponents in the middle of the park is very impressive – and crucial to Eddie Howe’s pressing tactics. Getty
    Sean Longstaff 8: Playing some of the best football of his career at the moment and his engine closing down and harrying opponents in the middle of the park is very impressive – and crucial to Eddie Howe’s pressing tactics. Getty
  • Bruno Guimaraes 7: Hit own post in opening minute and gave away clumsy free-kick on edge of box that ended with Paqueta’s effort being saved. The usual fine distribution from Brazilian, though, who supplied an excellent ball for Joelinton’s second goal. PA
    Bruno Guimaraes 7: Hit own post in opening minute and gave away clumsy free-kick on edge of box that ended with Paqueta’s effort being saved. The usual fine distribution from Brazilian, though, who supplied an excellent ball for Joelinton’s second goal. PA
  • Joelinton 9: Calmly rounded Fabianksi before making it 2-0 – after VAR confirmed Brazilian had timed run perfectly to beat offside trap. Good run and finish to score the fourth. Booking in second half for foul on Paqueta did not take shine off impressive return to team. Reuters
    Joelinton 9: Calmly rounded Fabianksi before making it 2-0 – after VAR confirmed Brazilian had timed run perfectly to beat offside trap. Good run and finish to score the fourth. Booking in second half for foul on Paqueta did not take shine off impressive return to team. Reuters
  • Jacob Murphy 7: Caused Man United problems with his attacking runs down right on Sunday, made less impact here until catching Aguerd in possession just after break and setting up Wilson for third goal. Should have made it 4-1 after flowing Newcastle move but finish saved by keeper. Reuters
    Jacob Murphy 7: Caused Man United problems with his attacking runs down right on Sunday, made less impact here until catching Aguerd in possession just after break and setting up Wilson for third goal. Should have made it 4-1 after flowing Newcastle move but finish saved by keeper. Reuters
  • Allan Saint-Maximin 8: Lovely footwork and cross to set-up Wilson for the opening goal. Denied goal himself when his curling finish was saved superbly by Fabianksi just before the hour mark. AFP
    Allan Saint-Maximin 8: Lovely footwork and cross to set-up Wilson for the opening goal. Denied goal himself when his curling finish was saved superbly by Fabianksi just before the hour mark. AFP
  • Callum Wilson 8: Nice header to put side in front – his 11th goal in 13 games against West Ham. Denied second in 31st minute by sliding Fabianski challenge. Second did come when he rolled home goal No 12 against Hammers just after half-time after defensive mix-up. AP
    Callum Wilson 8: Nice header to put side in front – his 11th goal in 13 games against West Ham. Denied second in 31st minute by sliding Fabianski challenge. Second did come when he rolled home goal No 12 against Hammers just after half-time after defensive mix-up. AP
  • SUBS: Anthony Gordon (On for Saint-Maximin 64’) 7: Busy and a handful going forward from moment he came on and his tackle helped start move for final goal. AP
    SUBS: Anthony Gordon (On for Saint-Maximin 64’) 7: Busy and a handful going forward from moment he came on and his tackle helped start move for final goal. AP
  • Joe Willock (On for Murphy 64’) 7: Left on bench due to injury concern and helped Newcastle maintain dominance. Getty
    Joe Willock (On for Murphy 64’) 7: Left on bench due to injury concern and helped Newcastle maintain dominance. Getty
  • Alexander Isak (On for Wilson 64’) 8: Capitalised on Fabianski error to calmly make it 4-1 and continue his scoring form. AFP
    Alexander Isak (On for Wilson 64’) 8: Capitalised on Fabianski error to calmly make it 4-1 and continue his scoring form. AFP
  • Matt Targett (On for Burn 85’) N/A. PA
    Matt Targett (On for Burn 85’) N/A. PA
  • Javier Manquillo (On for Trippier 87’) N/A. Getty
    Javier Manquillo (On for Trippier 87’) N/A. Getty

West Ham v Newcastle ratings: Aguerd 4, Bowen 7; Joelinton 9, Wilson 8


  • English
  • Arabic

Callum Wilson inflicted more pain on West Ham as Newcastle strengthened their bid to finish in the top four of the Premier League with a thumping 5-1 win at the London Stadium on Wednesday.

Wilson scored early in each half to take his goal tally to 12 in 13 meetings with the Hammers.

Joelinton also scored twice and Alexander Isak added another as West Ham fell apart after half-time and were booed off at the final whistle, with the team only out of the relegation zone on goal difference.

Newcastle remain third in the table, level on points with Manchester United but enjoy a superior goal difference over Erik ten Hag's side.

“Difficult game,” said Newcastle manager Eddie Howe. “I thought after the high of Sunday [beating Manchester United 2-0] this would be a tough test psychologically. We weren't at our best but we were clinical. We haven’t been like that for a while.

“The scoreline looks comfortable but it was a tight game.

“We set such high standards for ourselves that we want the team to play at the highest level. We were a bit sloppy at times. I'm delighted with the spirit and determination.”

West Ham manager David Moyes lamented the defensive errors his team made.

“I'm not sure the score is what it should have been, it was down to individual big mistakes,” he said. “We had done a lot of things which warranted goals before half-time, could have scored but we didn't.

“Overall there were things in the game I was pleased with, we had more attempts than the Southampton game but didn't defend well at all.”

You can see the player ratings from Wednesday's game in the gallery above. To move on to the next photo, click on the arrows or swipe if using a mobile device.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3EHakbah%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENaif%20AbuSaida%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ESaudi%20Arabia%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E22%20%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24200%2C000%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Epre-Series%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EGlobal%20Ventures%20and%20Aditum%20Investment%20Management%0D%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
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

Match info:

Manchester City 2
Sterling (8'), Walker (52')

Newcastle United 1
Yedlin (30')

PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

Indoor cricket in a nutshell

Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ENadeera%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ERabih%20El%20Chaar%20and%20Reem%20Khattar%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ECleanTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20About%20%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHope%20Ventures%2C%20Rasameel%20Investments%20and%20support%20from%20accelerator%20programmes%20%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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

GRAN%20TURISMO
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Neill%20Blomkamp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20David%20Harbour%2C%20Orlando%20Bloom%2C%20Archie%20Madekwe%2C%20Darren%20Barnet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The%20US%20Congress%20explained
%3Cp%3E-%20Congress%20is%20one%20of%20three%20branches%20of%20the%20US%20government%2C%20and%20the%20one%20that%20creates%20the%20nation's%20federal%20laws%3C%2Fp%3E%0A%3Cp%3E-%20Congress%20is%20divided%20into%20two%20chambers%3A%20The%20House%20of%20Representatives%20and%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%C2%A0The%20House%20is%20made%20up%20of%20435%20members%20based%20on%20a%20state's%20population.%20House%20members%20are%20up%20for%20election%20every%20two%20years%3C%2Fp%3E%0A%3Cp%3E-%20A%20bill%20must%20be%20approved%20by%20both%20the%20House%20and%20Senate%20before%20it%20goes%20to%20the%20president's%20desk%20for%20signature%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%20218%20seats%20to%20be%20in%20control%20of%20the%20House%20of%20Representatives%3C%2Fp%3E%0A%3Cp%3E-%20The%20Senate%20is%20comprised%20of%20100%20members%2C%20with%20each%20state%20receiving%20two%20senators.%20Senate%20members%20serve%20six-year%20terms%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%2051%20seats%20to%20control%20the%20Senate.%20In%20the%20case%20of%20a%2050-50%20tie%2C%20the%20party%20of%20the%20president%20controls%20the%20Senate%3C%2Fp%3E%0A
UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

A little about CVRL

Founded in 1985 by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, the Central Veterinary Research Laboratory (CVRL) is a government diagnostic centre that provides testing and research facilities to the UAE and neighbouring countries.

One of its main goals is to provide permanent treatment solutions for veterinary related diseases. 

The taxidermy centre was established 12 years ago and is headed by Dr Ulrich Wernery. 

'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ETuhoon%0D%3Cbr%3E%3Cstrong%3EYear%20started%3A%20%3C%2Fstrong%3EJune%202021%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EFares%20Ghandour%2C%20Dr%20Naif%20Almutawa%2C%20Aymane%20Sennoussi%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ERiyadh%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3Ehealth%20care%0D%3Cbr%3E%3Cstrong%3ESize%3A%20%3C%2Fstrong%3E15%20employees%2C%20%24250%2C000%20in%20revenue%0D%3Cbr%3EI%3Cstrong%3Envestment%20stage%3A%20s%3C%2Fstrong%3Eeed%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EWamda%20Capital%2C%20Nuwa%20Capital%2C%20angel%20investors%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.”

Usain Bolt's World Championships record

2007 Osaka

200m Silver

4x100m relay Silver

 

2009 Berlin

100m Gold

200m Gold

4x100m relay Gold

 

2011 Daegu

100m Disqualified in final for false start

200m Gold

4x100m relay Gold

 

2013 Moscow

100m Gold

200m Gold

4x100m relay Gold

 

2015 Beijing

100m Gold

200m Gold

4x100m relay Gold

 

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Emergency

Director: Kangana Ranaut

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

Rating: 2/5

The specs: 2018 Audi R8 V10 RWS

Price: base / as tested: From Dh632,225

Engine: 5.2-litre V10

Gearbox: Seven-speed automatic

Power: 540hp @ 8,250rpm

Torque: 540Nm @ 6,500rpm

Fuel economy, combined: 12.4L / 100km

Updated: April 06, 2023, 4:15 AM