Al Nassr announced the arrival of Sadio Mane on their official Twitter account on Tuesday, August 1. Photo: Al Nassr FC
Al Nassr announced the arrival of Sadio Mane on their official Twitter account on Tuesday, August 1. Photo: Al Nassr FC
Al Nassr announced the arrival of Sadio Mane on their official Twitter account on Tuesday, August 1. Photo: Al Nassr FC
Al Nassr announced the arrival of Sadio Mane on their official Twitter account on Tuesday, August 1. Photo: Al Nassr FC

Former Liverpool striker Sadio Mane joins Cristiano Ronaldo at Al Nassr


John McAuley
  • English
  • Arabic

Sadio Mane has completed his move from Bayern Munich to Saudi Arabia’s Al Nassr, joining Cristiano Ronaldo at the Riyadh club.

The arrival of the former Liverpool star, 31, as the Saudi Pro League’s latest high-profile recruit was confirmed in a video on the club's official Twitter account on Tuesday night after he agreed to a four-year contract.

In the video, Mane is pictured in an Al Nassr jersey and tells the club's supporters: "Can't wait to hear from you in the stadium."

On Monday, Mane passed a medical in Dubai before travelling to the kingdom to meet up with his new teammates, who are currently contesting the King Salman Club Cup.

At Nassr, Mane will play alongside Ronaldo – club captain since arriving in early January – and fellow summer signings Marcelo Brozovic, Seko Fofana and Alex Telles. Nine-time Saudi champions, Nassr finished runners-up last season to Al Ittihad.

Mane’s stay at Bayern lasted only one season. The Senegal forward moved to the German champions for £35 million ($44 million) last summer after six years at Liverpool in which he won a host of major honours.

Mane was integral to Liverpool’s most recent success, playing a key role in the 2018/19 Uefa Champions League win and then in capturing the Premier League title the following season. It marked the Anfield club’s first top-flight title in 30 years.

With 120 goals in 269 appearances following his 2016 transfer from Southampton, Mane also lifted the FA, League Cup and Fifa Club World Cup with Liverpool.

He has tasted glory at international level also, helping Senegal to the 2021 Africa Cup of Nations trophy. Mane has twice been named the continent’s player of the year, in 2019 and 2022.

Last season, an injury forced him to miss the 2022 World Cup in Qatar, while he was later fined and suspended because of a training-ground altercation with teammate Leroy Sane. Still, Mane scored 12 goals in 38 matches as Bayern retained their Bundesliga crown.

Mane is one of a number of former Liverpool players to make the switch this summer to Saudi, with Roberto Firmino now at Al Ahli and Jordan Henderson at Al Ettifaq, where Steven Gerrard is manager. Meanwhile, Liverpool midfielder Fabinho’s move to Ittihad is expected to be confirmed in the coming days.

Nassr kick off their 2023/24 Saudi Pro League season on August 14, away to Ettifaq.

Top Saudi Pro League signings so far

  • Cristiano Ronaldo (Al Nassr): The transfer that started it all. The Portuguese superstar moved to the Saudi Pro League in January after his acrimonious exit from Manchester United. Ronaldo scored 14 goals in his first 16 Saudi Pro League games. AFP
    Cristiano Ronaldo (Al Nassr): The transfer that started it all. The Portuguese superstar moved to the Saudi Pro League in January after his acrimonious exit from Manchester United. Ronaldo scored 14 goals in his first 16 Saudi Pro League games. AFP
  • Karim Benzema (Al Ittihad): The first statement signing of the summer transfer window, Ballon d'Or holder Benzema joined the Saudi champions after agreeing an exit from Real Madrid. The French striker was welcomed with a fittingly grand ceremony. Reuters
    Karim Benzema (Al Ittihad): The first statement signing of the summer transfer window, Ballon d'Or holder Benzema joined the Saudi champions after agreeing an exit from Real Madrid. The French striker was welcomed with a fittingly grand ceremony. Reuters
  • N'Golo Kante (Al Ittihad): The French midfielder soon followed Benzema to Ittihad once his Chelsea contract expired. Kante, a two-time Premier League winner and World Cup champion, adds further glamour to the Saudi Pro League. AFP
    N'Golo Kante (Al Ittihad): The French midfielder soon followed Benzema to Ittihad once his Chelsea contract expired. Kante, a two-time Premier League winner and World Cup champion, adds further glamour to the Saudi Pro League. AFP
  • Ruben Neves (Al Hilal): By far the most expensive player in Saudi Pro League history. While Ronaldo and Benzema are the bigger global names, both arrived on free transfers. Portuguese midfielder Neves shattered the transfer record by moving to Hilal from Wolves for £47 million. AP
    Ruben Neves (Al Hilal): By far the most expensive player in Saudi Pro League history. While Ronaldo and Benzema are the bigger global names, both arrived on free transfers. Portuguese midfielder Neves shattered the transfer record by moving to Hilal from Wolves for £47 million. AP
  • Kalidou Koulibaly (Al Hilal): After completing the record-breaking move for Neves, Hilal turned their attention to Koulibaly, recruiting the Senegalese centre-back for £20m. Despite a difficult season at Chelsea, Koulibaly has been one of the standout defenders of his generation. AFP
    Kalidou Koulibaly (Al Hilal): After completing the record-breaking move for Neves, Hilal turned their attention to Koulibaly, recruiting the Senegalese centre-back for £20m. Despite a difficult season at Chelsea, Koulibaly has been one of the standout defenders of his generation. AFP
  • Edouard Mendy (Al Ahli): Before his long-term shoulder injury, Mendy was one of the best goalkeepers in the world, winning the Champions League with Chelsea and Africa Cup of Nations with Senegal. His £16m move to Ahli can help revive his career. AFP
    Edouard Mendy (Al Ahli): Before his long-term shoulder injury, Mendy was one of the best goalkeepers in the world, winning the Champions League with Chelsea and Africa Cup of Nations with Senegal. His £16m move to Ahli can help revive his career. AFP
  • Jota (Al Ittihad): The Saudi champions are making major moves this summer, and the £25m acquisition of Portuguese winger Jota boosts an attack led by Benzema. PA
    Jota (Al Ittihad): The Saudi champions are making major moves this summer, and the £25m acquisition of Portuguese winger Jota boosts an attack led by Benzema. PA
  • Marcelo Brozovic (Al Nassr): Arriving to provide support to Ronaldo at Nassr, Croatian midfielder Brozovic joined the Saudi club for £15m after another impressive season for Champions League finalists Inter Milan. AFP
    Marcelo Brozovic (Al Nassr): Arriving to provide support to Ronaldo at Nassr, Croatian midfielder Brozovic joined the Saudi club for £15m after another impressive season for Champions League finalists Inter Milan. AFP
  • Steven Gerrard (Al Ettifaq): Major arrivals are not only happening on the pitch but in the dugout. Former Rangers and Aston Villa manager Gerrard was appointed by Ettifaq and will aim to revive his career in Saudi. AFP
    Steven Gerrard (Al Ettifaq): Major arrivals are not only happening on the pitch but in the dugout. Former Rangers and Aston Villa manager Gerrard was appointed by Ettifaq and will aim to revive his career in Saudi. AFP
  • Roberto Firmino (Al Ahli): The former Liverpool forward left Anfield after eight successful seasons to lead the attack at Ahli. @ALAHLI_FC / Twitter
    Roberto Firmino (Al Ahli): The former Liverpool forward left Anfield after eight successful seasons to lead the attack at Ahli. @ALAHLI_FC / Twitter
  • Sergej Milinkovic-Savic (Al Hilal): Arguably the most eye-catching deal of the summer. The 28-year-old Serbia midfielder has frequently been linked with Europe's biggest clubs but has opted to join Hilal in a €40m deal. His midfield partnership with Ruben Neves would be the envy of many European teams. Reuters
    Sergej Milinkovic-Savic (Al Hilal): Arguably the most eye-catching deal of the summer. The 28-year-old Serbia midfielder has frequently been linked with Europe's biggest clubs but has opted to join Hilal in a €40m deal. His midfield partnership with Ruben Neves would be the envy of many European teams. Reuters
  • Jordan Henderson (Al Ettifaq): The former Liverpool captain is expected to wear the armband following his move from the Premier League giants. The midfielder departed Anfield after 12 years, seven major trophies and 492 appearances. Reuters
    Jordan Henderson (Al Ettifaq): The former Liverpool captain is expected to wear the armband following his move from the Premier League giants. The midfielder departed Anfield after 12 years, seven major trophies and 492 appearances. Reuters
  • Alex Telles (Al Nassr): The Brazilian defender linked up with former Manchester United teammate Cristiano Ronaldo at Al Nassr this summer. Telles spent the 2022/23 season on loan at Sevilla, helping the Spanish club win the Europa League. He joined Nassr for a reported fee of £4 million. Getty
    Alex Telles (Al Nassr): The Brazilian defender linked up with former Manchester United teammate Cristiano Ronaldo at Al Nassr this summer. Telles spent the 2022/23 season on loan at Sevilla, helping the Spanish club win the Europa League. He joined Nassr for a reported fee of £4 million. Getty
  • Riyad Mahrez (Al Ahli) - Algerian winger Mahrez left Manchester City after five years at the Etihad Stadium in which he won 11 major trophies. In all, he made 236 appearances, scoring 78 goals. Reuters
    Riyad Mahrez (Al Ahli) - Algerian winger Mahrez left Manchester City after five years at the Etihad Stadium in which he won 11 major trophies. In all, he made 236 appearances, scoring 78 goals. Reuters
  • (FILES) Newcastle United's French midfielder Allan Saint-Maximin reacts to a decision during the English Premier League football match between Newcastle United and Wolverhampton Wanderers at St James' Park in Newcastle-upon-Tyne, north east England on April 8, 2022. Allan Saint-Maximin has confirmed he is to leave Newcastle before an expected move to the cash-rich Saudi Pro League. The French winger, heavily linked with a £30 million ($38. 5 million) move to Al-Ahli, posted a farewell message on his Instagram account, July 29. (Photo by Lindsey Parnaby / AFP) / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. /
    (FILES) Newcastle United's French midfielder Allan Saint-Maximin reacts to a decision during the English Premier League football match between Newcastle United and Wolverhampton Wanderers at St James' Park in Newcastle-upon-Tyne, north east England on April 8, 2022. Allan Saint-Maximin has confirmed he is to leave Newcastle before an expected move to the cash-rich Saudi Pro League. The French winger, heavily linked with a £30 million ($38. 5 million) move to Al-Ahli, posted a farewell message on his Instagram account, July 29. (Photo by Lindsey Parnaby / AFP) / RESTRICTED TO EDITORIAL USE. No use with unauthorized audio, video, data, fixture lists, club/league logos or 'live' services. Online in-match use limited to 120 images. An additional 40 images may be used in extra time. No video emulation. Social media in-match use limited to 120 images. An additional 40 images may be used in extra time. No use in betting publications, games or single club/league/player publications. /
  • Fabinho (Al Ittihad): An integral part of a Liverpool squad that won the Champions League and Premier League in successive seasons following his move from Monaco in 2019. Capped 29 times for his country, the Brazilian midfielder joined the Saudi Pro League champions on a three-year contract. AP
    Fabinho (Al Ittihad): An integral part of a Liverpool squad that won the Champions League and Premier League in successive seasons following his move from Monaco in 2019. Capped 29 times for his country, the Brazilian midfielder joined the Saudi Pro League champions on a three-year contract. AP
  • Sadio Mane (Al Nassr): After six highly successful years at Liverpool, in which he won the Premier League and Uefa Champions League titles, Mane endured a frustrating season at Bayern Munich, though he contributed to their title success. The Senegalese, 31, will be part of a fearsome attacking line up alongside Cristiano Ronaldo at Nassr. Getty
    Sadio Mane (Al Nassr): After six highly successful years at Liverpool, in which he won the Premier League and Uefa Champions League titles, Mane endured a frustrating season at Bayern Munich, though he contributed to their title success. The Senegalese, 31, will be part of a fearsome attacking line up alongside Cristiano Ronaldo at Nassr. Getty
  • Malcom (Al Hilal): Not content with breaking the Saudi Pro League transfer record once, Al Hilal did so twice this summer and made Brazilian winger Malcom the most expensive player in Saudi football history. AFP
    Malcom (Al Hilal): Not content with breaking the Saudi Pro League transfer record once, Al Hilal did so twice this summer and made Brazilian winger Malcom the most expensive player in Saudi football history. AFP
  • Seko Fofana (Al Nassr): A player in demand this summer after a superb season to help Lens run PSG close in Ligue 1, the Ivory Coast midfielder opted to link up with Ronaldo at Al Nassr over moves elsewhere in Europe. AC Milan had been strongly linked. AFP
    Seko Fofana (Al Nassr): A player in demand this summer after a superb season to help Lens run PSG close in Ligue 1, the Ivory Coast midfielder opted to link up with Ronaldo at Al Nassr over moves elsewhere in Europe. AC Milan had been strongly linked. AFP
  • Franck Kessie (Al Ahli): The Ivory Coast midfielder's time at Barcelona may not have worked out but he remains a top-level operator and adds more quality and star power to Al Ahli. Getty
    Franck Kessie (Al Ahli): The Ivory Coast midfielder's time at Barcelona may not have worked out but he remains a top-level operator and adds more quality and star power to Al Ahli. Getty
  • Moussa Dembele (Al Ettifaq): A shrewd free transfer by Gerrard's Al Ettifaq, the French striker has moved to the Saudi Pro League side on a four-year deal and should provide the goals. AFP
    Moussa Dembele (Al Ettifaq): A shrewd free transfer by Gerrard's Al Ettifaq, the French striker has moved to the Saudi Pro League side on a four-year deal and should provide the goals. AFP
  • Neymar (Al Hilal). The Brazilian completed his move from PSG and is one of the biggest stars in the ever-expanding Saudi Pro League. He was unveiled in front of thousands of fans in Riyadh on Saturday. Getty
    Neymar (Al Hilal). The Brazilian completed his move from PSG and is one of the biggest stars in the ever-expanding Saudi Pro League. He was unveiled in front of thousands of fans in Riyadh on Saturday. Getty
  • Yannick Carrasco (Al Shabab). After 265 appearances across two spells at Atletico Madrid, the Belgian winger joined the Riyadh club for a reported fee of €15 million. Carrasco also spent two years in the Chinese Super League. EPA
    Yannick Carrasco (Al Shabab). After 265 appearances across two spells at Atletico Madrid, the Belgian winger joined the Riyadh club for a reported fee of €15 million. Carrasco also spent two years in the Chinese Super League. EPA
  • Georginio Wijnaldum (Al Ettifaq): The Dutch midfielder enhanced the Liverpool connection at Ettifaq, joining former teammate Jordan Henderson at the Damman club coached by Reds legend Steven Gerrard. Wijnaldum, 32, has signed a three-year contract. Reuters
    Georginio Wijnaldum (Al Ettifaq): The Dutch midfielder enhanced the Liverpool connection at Ettifaq, joining former teammate Jordan Henderson at the Damman club coached by Reds legend Steven Gerrard. Wijnaldum, 32, has signed a three-year contract. Reuters
  • Gabri Veiga (Al Ahli): Widely regarded as one of the best midfield prospects in Spain, 21-year-old Veiga signed for Ahli on a three-year deal from Celta Vigo despite interest from Liverpool and Napoli. Veiga said he opted for the Saudi Pro League to "grow the game" in the kingdom. EPA
    Gabri Veiga (Al Ahli): Widely regarded as one of the best midfield prospects in Spain, 21-year-old Veiga signed for Ahli on a three-year deal from Celta Vigo despite interest from Liverpool and Napoli. Veiga said he opted for the Saudi Pro League to "grow the game" in the kingdom. EPA
  • Aymeric Laporte (Al Nassr): A vital part of Manchester City's squad that clinched a treble of league, cup and Uefa Champions League in 2023, the Spaniard switched to Nassr over the summer to link up with Cristiano Ronaldo and Co. A fee of £23.6 million makes the 29-year-old the league's most expensive defender. Getty Images
    Aymeric Laporte (Al Nassr): A vital part of Manchester City's squad that clinched a treble of league, cup and Uefa Champions League in 2023, the Spaniard switched to Nassr over the summer to link up with Cristiano Ronaldo and Co. A fee of £23.6 million makes the 29-year-old the league's most expensive defender. Getty Images
  • Otavio (Al Nassr): The Portugal midfielder scored 31 goals in 283 games in all competitions for Porto after joining the team in 2014. He linked up with Riyadh-based club after Porto accepted a bid of around $65 million. AFP
    Otavio (Al Nassr): The Portugal midfielder scored 31 goals in 283 games in all competitions for Porto after joining the team in 2014. He linked up with Riyadh-based club after Porto accepted a bid of around $65 million. AFP
  • Merih Demiral: (Al Ahli): The imposing Turkey centre-back boasts Sporting of Lisbon and Juventus among his previous clubs and stood out in Serie A across two seasons at Atalanta. The 25-year-old joined Ahli on a three-year contract. Getty
    Merih Demiral: (Al Ahli): The imposing Turkey centre-back boasts Sporting of Lisbon and Juventus among his previous clubs and stood out in Serie A across two seasons at Atalanta. The 25-year-old joined Ahli on a three-year contract. Getty
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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
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

UFC Fight Night 2

1am – Early prelims

2am – Prelims

4am-7am – Main card

7:30am-9am – press cons

TICKETS

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

The specs: 2019 BMW X4

Price, base / as tested: Dh276,675 / Dh346,800

Engine: 3.0-litre turbocharged in-line six-cylinder

Transmission: Eight-speed automatic

Power: 354hp @ 5,500rpm

Torque: 500Nm @ 1,550rpm

Fuel economy, combined: 9.0L / 100km

The specs

Engine: 8.0-litre, quad-turbo 16-cylinder

Transmission: 7-speed auto

0-100kmh 2.3 seconds

0-200kmh 5.5 seconds

0-300kmh 11.6 seconds

Power: 1500hp

Torque: 1600Nm

Price: Dh13,400,000

On sale: now

 

 

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Four motivational quotes from Alicia's Dubai talk

“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”

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The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

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 Birkin bag is made by Hermès. 
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.

Kalra's feat
  • Becomes fifth batsman to score century in U19 final
  • Becomes second Indian to score century in U19 final after Unmukt Chand in 2012
  • Scored 122 in youth Test on tour of England
  • Bought by Delhi Daredevils for base price of two million Indian rupees (Dh115,000) in 2018 IPL auction
Stree

Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5

Updated: August 01, 2023, 10:09 PM