Abdoulaye Doucoure and Dwight McNeil both scored twice to lead Everton to a 5-1 win at Brighton and Hove Albion. AFP
Abdoulaye Doucoure and Dwight McNeil both scored twice to lead Everton to a 5-1 win at Brighton and Hove Albion. AFP
Abdoulaye Doucoure and Dwight McNeil both scored twice to lead Everton to a 5-1 win at Brighton and Hove Albion. AFP
Abdoulaye Doucoure and Dwight McNeil both scored twice to lead Everton to a 5-1 win at Brighton and Hove Albion. AFP

Sean Dyche praises Everton's 'energy and quality' after thrashing Brighton to climb table


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Everton manager Sean Dyche praised his team's "energy" and "quality" following the stunning 5-1 win at Brighton and Hove Albion on Monday, which saw the Toffees climb out of the Premier League relegation zone.

Abdoulaye Doucoure and Dwight McNeil both scored twice to go with an own goal from Brighton goalkeeper Jason Steele as Everton profited from swift and incisive counter-attacks to secure three vital points.

To score five goals with 23 per cent of the possession is a reflection of how they allowed Brighton the ball, but were lethal once they won it off their hosts.

"[Brighton] play a particular way with two boxes in midfield. I said to the lads, it is about focus. Our tactical shape has been pretty good since I've come in here. But it's about focus when they change their tune and try and pop it around the corner and play neat and tidy," Dyche told BBC.

"But equally it's not just about shadow play, you've got to go and break it up and first half we did that so many times. Second half they had a good spell but we calmed that down and I thought we saw the game through very well."

Everton drew 2-2 at Leicester City in their previous game when they created more than enough chances to win, and Dyche believes they gained confidence from that result.

"A lot of people thought we were good at Leicester, we were very good and conceded soft goals. Tonight we got paid back for that performance because the energy was there, the tactical performance, but also the quality," he said.

Everton are two points clear of the relegation zone with a home game against Manchester City to come on Sunday. After that they travel to Wolverhampton Wanderers and host Bournemouth in their final game of the season.

And Dyche warned that despite the excellent result at Brighton, Everton need to remain focused on their upcoming fixtures to secure their survival.

Sean Dyche has urged Everton to build on their win at Brighton to secure Premier League safety. Reuters
Sean Dyche has urged Everton to build on their win at Brighton to secure Premier League safety. Reuters

"This is just another step as I said when we beat Arsenal, it's just one step," Dyche said. "We'll see what happens over the next few games. The players have delivered. They deserve a lot of credit."

McNeil echoed his manager's thoughts by urging Everton to use the victory over Brighton as a springboard for the remaining games of the season.

"It's massive. We started on the front foot, we had a game plan and we stuck to it. We were all brilliant today and we deserved the three points," McNeil told BT Sport.

"We couldn't have got off to a better start. It's a credit to the lads, we've been in a difficult position this year. Now we've just got to build on this game.

"It's massive confidence now, this is about us kicking on as a team. We have a massive game on Sunday (at home to Manchester City) and then two massive games after that."

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- Abdullah Ishnaneh, Partner, BSA Law 

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  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
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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.”

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How to increase your savings
  • Have a plan for your savings.
  • Decide on your emergency fund target and once that's achieved, assign your savings to another financial goal such as saving for a house or investing for retirement.
  • Decide on a financial goal that is important to you and put your savings to work for you.
  • It's important to have a purpose for your savings as it helps to keep you motivated to continue while also reducing the temptation to spend your savings. 

- Carol Glynn, founder of Conscious Finance Coaching

 

 

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

Updated: May 09, 2023, 5:00 AM