Arsenal manager Mikel Arteta, right, with his Manchester City counterpart Pep Guardiola. PA
Arsenal manager Mikel Arteta, right, with his Manchester City counterpart Pep Guardiola. PA
Arsenal manager Mikel Arteta, right, with his Manchester City counterpart Pep Guardiola. PA
Arsenal manager Mikel Arteta, right, with his Manchester City counterpart Pep Guardiola. PA

Arsenal manager Mikel Arteta: Man City are best in team in history of Premier League


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Mikel Arteta insists he is proud that Arsenal have been able to go “toe-to-toe” with Manchester City this season and described his former club as “best in team in the history of Premier League”.

Arsenal have topped of the table for large parts of the current campaign but have seen their lead evaporate in recent weeks as City embarked on a relentless 12-game winning streak and now need just one more victory to retain the Premier League title.

The Gunners' 3-0 home defeat by Brighton last weekend all but ended their own title dreams and they now sit four points behind Pep Guardiola's treble-chasing side, having played a game more.

The North London club head into Saturday's match at relegation-threatened Nottingham Forest knowing that victory can at least delay celebrations in Manchester for 24 hours, when City take on Chelsea at the Etihad Stadium on Sunday.

“We have shown this season,” Arteta said when asked if Arsenal can be title contenders again next season.

“We're still there, with two games to go we can still be champions against probably the best team in Premier League history.

“For 10 months we're still there. There's two games still to go and we're not going to bottle that for sure.

“It shows the level of this league. That team [City] has the capacity to win 105 to 110 points. They haven't done that this season because of the level of the league and we've been there toe-to-toe for 10 months.”

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“What happens next season will depend on what we do, how we evolve and how we start. That prediction is very difficult to do today.

“We can't lose sight of what happened in moments where we weren't at our best or at the level required to be champions and we have to acknowledge that.

“But obviously the team, the players, the club deserve huge credit for how far we've come in the season. There are still two very important games to play.”

Arteta, who was Guardiola's assistant at City before making the step-up to manage Arsenal in December 2019, is now looking forward to playing Champions League football next season for the first time since 2017.

But the Spaniard admitted that his squad will need strengthening before it is ready to tackle European football's elite competition once again.

“At the level that we want? No. We didn't have the capacity to do that as well with the Europa League so it's part of that evolution,” he said.

“We have made a lot of good steps and strong steps in that journey and we have to continue. That never ends.

“We want to be better and the rest will be better, then the margins will be higher and we have to start to live with those standards and improve and be smarter.”

There was some good news for the Gunners with the announcement that goalkeeper Aaron Ramsdale had signed a new long-term deal with the club.

British media have reported that the contract was set to run until 2026, with the option to extend by a further year.

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Arteta is confident the likes of Bukayo Saka, Martin Odegaard and William Saliba will follow.

“Delighted with the news for Aaron,” Arteta added. “He fully deserves that new contract, that extension and we want to keep our talent at the club and we want to build on that.

“The way Aaron has developed over the past two years has been exceptional, with his performances, contribution and overall adaptation to the club.

“It's great that we're continuing to build our future with our biggest talents in our young squad. We're all looking forward to enjoying many more years of Aaron the player and the person at the football club.”

As for midfielder Granit Xhaka, who is approaching the final 12 months of his current deal, Arteta revealed that talks will wait until the end of the season.

“He is an incredibly respected figure at the club,” added Arteta. “He has a great story around him with what he has achieved at the club in going through very tough moments and he is a key and very important part of us.

“Whatever happens is something we will discuss, [but] certainly not now.”

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.”

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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Eyasses squad

Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)

Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)  

Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)

Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)

Jemma Eley – goal attack / wing attack (Dubai College)

Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)

Molly Fuller – goal attack / wing attack (Dubai College)

Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)

Noorulain Hussain – goal defence / wing defence (Dubai College)

Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)

Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)         

Eliza Petricola – wing attack / centre (Dubai English Speaking College)

The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

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Updated: May 19, 2023, 11:14 AM