Bernardo Silva, centre, has signed a new deal at Manchester City but Aymeric Laporte, left, is leaving the club. Getty
Bernardo Silva, centre, has signed a new deal at Manchester City but Aymeric Laporte, left, is leaving the club. Getty
Bernardo Silva, centre, has signed a new deal at Manchester City but Aymeric Laporte, left, is leaving the club. Getty
Bernardo Silva, centre, has signed a new deal at Manchester City but Aymeric Laporte, left, is leaving the club. Getty

Silva agrees new deal with Manchester City but Laporte announces departure


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Bernardo Silva has ended speculation about his future by signing a new three-year contract with Manchester City – but long-serving defender Aymeric Laporte has announced he is leaving the club, with reports linking him to Saudi Pro League side Al Nassr.

Silva has again been persistently linked with a summer transfer from the Etihad Stadium, with Barcelona known to be long-term admirers of the player.

But the Portugal star has now committed to City until 2026, agreeing fresh terms and adding another year to a deal that was due to expire in 2025.

“I’ve had six incredible years at Manchester City and I’m delighted to extend my time here,” said Silva, who joined from Monaco in 2017.

“I am going into my seventh season at City. Since I arrived, I can only remember one season where we weren’t successful, so to be here until now meant trophies, meant winning a lot and I like to win. It is good to win.

“It is not easy to be a winning team. It is a very good feeling and I wanted to keep it that way.

“It has been a dream in terms of what we have achieved, the prospects of what we can still do. In six years, we have won five Premier Leagues, one Champions League and all of the cups. I couldn’t have it much better to be honest.

“What we achieved last season is something unique and we are going to try and grab that opportunity again this season.

“We heard that four in a row was never done in the Premier League before, so we want to try that because it is so tough.”

Meanwhile, defender Aymeric Laporte announced his departure from the club in a video on social media.

Reports suggest that Laporte has agreed to join Al Nassr after five-and-a-half-years in England.

The Spain international seems certain to become the latest high-profile player to sign for a Saudi Pro League club, with ex-City teammate Riyad Mahrez among them after making the move to Al Ahli last month.

“Dear Cityzens, today I wanted to share a story with you,” Laporte said in a video on X, formerly known as Twitter, that went on to show a highlights reel of his time at the club. “This is now our history. Thank you and see you really soon.”

Centre-back Laporte added in his social-media post: “It has lasted for five-and-a-half unforgettable years. Plenty of memories that I will keep forever close to my heart.”

Laporte will leave the Etihad after making 180 appearances for City, with his last outing for the club off the bench during their opening day Premier League win at Burnley.

He looks set to become the latest big name to move to Al Nassr after Cristiano Ronaldo, Sadio Mane, Marcelo Brozovic, Seko Fofana and Alex Telles.

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TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

Young women have more “financial grit”, but fall behind on investing

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

While you're here
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Updated: August 23, 2023, 8:29 PM