Bayern Munich manager Thomas Tuchel on Tuesday spoke of his sadness at the departure of Sadio Mane, who is linked with a move to Saudi Pro League club Al Nassr.
The former Liverpool striker is reportedly in Dubai as he undergoes a medical before joining the Saudi club.
And the Senegal forward told Sky Sports of his sadness at leaving the German champions.
Mane said on Monday: "Leaving FC Bayern hurts me. I would have wished for a different ending. I wanted to prove it to everyone this season. Nevertheless. I only wish the club and the fans the best for the future."
Tuchel on Tuesday revealed he had shared a hug with Mane and admitted he is saddened by his exit from the club, where he spent just one injury-hit season after his move from Liverpool.
Tuchel, who is in Singapore where Bayern face Liverpool in a pre-season friendly on Wednesday, said: “It was kind of sad. We had a long hug but we had both a smile on our faces and we assured ourselves to keep the good relationship. It’s not personal from his side. I can totally understand that he feels hurt. I feel also not happy if things like this happen.
“We didn’t bring it to the full potential, which is my job also and my responsibility. So it’s always kind of a sad moment but in this particular situation it was the best solution to untie the knot.”
Mane is reported to have signed a £34 million deal until 2027 with Al Nassr, where he will join up with Cristiano Ronaldo.
Mane's former manager at Liverpool Jurgen Klopp was also asked about the striker's failure to make his mark in Germany prior to Wednesday’s meeting between the two sides.
“I don’t know what went wrong, to be honest," said Klopp. "I think Sadio left us on a high, in really good shape, world-class player, no shadow of a doubt.
“To fulfil your full potential I think everything has to fall in place pretty much. A bit of luck is helpful as well, and that was obviously not the case.
“A bad injury in a horrible moment, the World Cup was gone. So we all knew that would have an influence, because Sadio is a very proud man, and that he couldn’t lead his country to the World Cup was brutal for him, definitely.”
Top Saudi Pro League signing so far
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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 -

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 -

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 -

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 -

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 -

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 -

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 -
Allan Saint-Maximin (Al Ahli): The French winger signed for Jeddah giants Al Ahli on a three-year contract after confirming his departure from Newcastle. During his four years on Tyneside, Saint-Maximin scored 13 goals in 124 appearances. AFP -

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 -

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 -

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 -

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 -

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 -

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 -

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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At a glance
Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free
Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland
UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan
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.”
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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Tomorrow 2021
On Instagram: @WithHopeUAE
Although social media can be harmful to our mental health, paradoxically, one of the antidotes comes with the many social-media accounts devoted to normalising mental-health struggles. With Hope UAE is one of them.
The group, which has about 3,600 followers, was started three years ago by five Emirati women to address the stigma surrounding the subject. Via Instagram, the group recently began featuring personal accounts by Emiratis. The posts are written under the hashtag #mymindmatters, along with a black-and-white photo of the subject holding the group’s signature red balloon.
“Depression is ugly,” says one of the users, Amani. “It paints everything around me and everything in me.”
Saaed, meanwhile, faces the daunting task of caring for four family members with psychological disorders. “I’ve had no support and no resources here to help me,” he says. “It has been, and still is, a one-man battle against the demons of fractured minds.”
In addition to With Hope UAE’s frank social-media presence, the group holds talks and workshops in Dubai. “Change takes time,” Reem Al Ali, vice chairman and a founding member of With Hope UAE, told The National earlier this year. “It won’t happen overnight, and it will take persistent and passionate people to bring about this change.”

