Arsenal manager Mikel Arteta admitted that he is unsure when defender William Saliba will return from the back injury that has seen him miss the last four matches.
The Gunners have seen their lead over Manchester City at the top of the Premier League table cut to four points, with Pep Guardiola's side having a game in hand on their title rivals.
And Arsenal have shown some defensive frailties of late, having thrown away two-goal leads against both Liverpool and West Ham. But hopes that Saliba – who had started every Premier League game this season before being forced off during the Europa League defeat to Sporting Lisbon last month – will soon be returning have been dashed.
The France international has been ruled out of Friday's game with bottom club Southampton and is now a major doubt for the crucial clash against Manchester City at the Etihad Stadium next week.
“The picture hasn't changed from last week. Regarding William, we still have to wait a little bit more,” Arteta said on the eve of the Southampton game at the Emirates.
“He is not progressing as quickly as we hoped. It's a bit delicate and we want to be very certain when we push him that he is ready to absorb the load and the risk that we will take and at the moment that's not possible to do.
“Probably next week we will have a little bit more certainty. He is not ready yet to throw him on the pitch and compete with the intensity demanded in this league.”
Also missing for the game against the Saints at the Emirates will be left-back Oleksandr Zincheckno, who was absent for last week's game at West Ham.
West Ham 2 Arsenal 2: Player ratings
“We are not certain,” said Arteta, when asked about when the Ukrainian would be back in action. “It is a muscular injury and he needs some time to heal. We are not there yet.”
Arsenal cannot afford any slip-ups with the Manchester City game looming as they take on a Southampton propping up the table four points from safety and who are without a win since beating Leicester City on March 4.
The North London club were beating Liverpool and West Ham 2-0 after flying out of the blocks at the start of both games before having to settle for a 2-2 draw.
Bukayo Saka missed a penalty that would have put the visitors 3-1 up at the London Stadium, his first failure from the spot since his effort was saved in the Euro 2020 final shoot-out.
But the 21-year-old is still enjoying a stellar season – having scored 13 Premier League goals and provided 10 assists – and Arteta believes Saka can take positives from the penalty miss.
“Experiences help, obviously, and what he went through was tough but in a different way it was something beautiful and a great experience for him,” said the Spaniard.
“I think that helped him, not only him but the people around him as well to understand what the reaction has to be, the support and protection that he needs and he will go again.
“He loves responsibility but he puts a lot on his shoulders as well. Again, if he had any doubt about how much people love him, respect him and admire him at the club I think he had a very overwhelming reaction from everyone in the building and the club.
“In the end I think it can be something very positive that can give him a big lift because everyone acted in an unbelievable way towards him because he deserves it because of the way he is.”
Asked whether Saka would remain Arsenal's penalty taker, Arteta added: “Yes. If not, I will go on the pitch and throw him the ball to make sure he takes the next one!”
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
UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Altima
Price, base / as tested: Dh78,000 / Dh97,650
Engine: 2.5-litre in-line four-cylinder
Power: 182hp @ 6,000rpm
Torque: 244Nm @ 4,000rpm
Transmission: Continuously variable tranmission
Fuel consumption, combined: 7.6L / 100km