Fifty weeks from Wednesday, the men’s finalists in the Olympic Games football tournament will be plotting how to make the difference between gold and silver. All things going to plan, one of those squads will be anticipating a wave of patriotic fervor at the Parc des Princes, venue of the final.
Logic points to France claiming gold. The Games are taking place in Paris, which has a legitimate claim to being the most productive talent hub in the world’s most popular sport, the Olympic version of which prioritises young players – teams can field only three players who fall outside the under-23 category in the men’s tournament – and, come 2024, the host nation is determined to show off the best of itself.
France’s so-called "Bleuets", the junior Bleus, will have full institutional support at France’s own Games. Ligue 1 clubs will be pushed to release players, even if it means absenting them from pre-season practice. Players themselves are committed to make a home Olympic experience their focus next July and early August.
Among them, Kylian Mbappe, captain of France’s senior side, born in greater Paris and earmarked to take one of the three "over-age" berths in the 18-man squad. And to complete this all-star cast, there is Thierry Henry, who during his playing career held the status of France’s greatest ever international goalscorer. He has been appointed manager of France’s Olympic team and the country’s under-21s.
Henry, 46, was chosen unanimously by the French Football Federation’s selection panel for the job on Monday, ahead of candidates with longer experience of coaching in club football. An impressive interview helped, as does his aura, as a genuine great, and a World Cup winner with France in 1998. As anybody who ever spent time in Henry’s company would testify, he is also an insatiable observer, thinker and analyst.
The downside, the risk in the appointment? Henry’s scant, and rather chequered history as the main man on the touchline: 49 matches in charge of club sides, across his two jobs, first with a Monaco team struggling in France’s Ligue 1 in 2018/19 and then with Montreal Impact of MLS during a period disrupted by the Covid-19 pandemic.
That body of work yielded almost twice as many defeats – 27 – as victories – 14 – a mixed start to a coaching career Henry had pursued with studious gusto and, because of his leadership, his playing background and the distinguished learning he had under Arsene Wenger, his manager for over seven years at Arsenal, and Pep Guardiola, with whom he won every prize available at Barcelona, a career path that seemed tailor-made.
But equally appropriate for the tasks Henry now assumes are his stints as assistant coach with the senior Belgium national team, working under Roberto Martinez. His input there earned praise from players such as Romelu Lukaku and Eden Hazard.
The potential springboard of the twin campaigns he now takes charge of – the Olympics next summer and the 2025 European under-21 championship – is huge. Succeed and Henry would become a lead candidate to take over from Didier Deschamps, long-serving coach of Les Bleus.
Henry has top-class allies to work with. Even besides the prospect of unleashing Mbappe on raw, opposition defences with a roaring crowd behind France’s "Bleuets" at the Games, the nation’s talent pool at under-21 level is enviable.
This year alone, six French starlets – strikers Elye Wahi and Hugo Ekitike, Chelsea midfielder Lesley Ugochukwu and defender Malo Gusto, and RB Leipzig centre-backs Castello Lukeba and El Chadaille Bitshiabu – have fetched combined transfer fees of more than €160 million.
Were Edu Camavinga, of Real Madrid, not a regular with the senior Bleus squad, he would, at 20, still qualify for Henry’s potential Euro 2025 squad. Warren Zaire-Emery, the prodigious Paris Saint-Germain midfielder, is, at 17, already a Champions League footballer, as is the 18-year-old Bayern Munich striker, Mathys Tel.
As Sabri Lamouchi, the former France player and much-travelled club coach who was one of the unsuccessful candidates for the under-21 job, put it to L’Equipe: “This generation is already at a very high level, and only once in a lifetime do you get to aim for a gold medal at your own Olympics.”
Rivals, particularly from North Africa, will note Henry’s appointment to a key pathway role in French football. Part of his job is to be the charismatic persuader of the many dual nationals eligible for Les Bleus or Bleuets that they should commit to France once a decision has to be made, under Fifa rules, to only play competitive senior international football for one country.
In the last European under-21 championship, where France underachieved, the squad included strikers Rayan Cherki, Amine Gouiri and defender Yacine Larouci, all eligible for Algeria, and Bayer Leverkusen winger Amine Adli, courted by Morocco.
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
KILLING OF QASSEM SULEIMANI
India cancels school-leaving examinations
What is an FTO Designation?
FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes.
It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.
Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.
Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.
Source: US Department of State
COMPANY%20PROFILE
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
SWEET%20TOOTH
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McLaren GT specs
Engine: 4-litre twin-turbo V8
Transmission: seven-speed
Power: 620bhp
Torque: 630Nm
Price: Dh875,000
On sale: now
MATCH INFO
Uefa Champions League semi-final, first leg
Barcelona v Liverpool, Wednesday, 11pm (UAE).
Second leg
Liverpool v Barcelona, Tuesday, May 7, 11pm
Games on BeIN Sports
if you go
The flights
Etihad and Emirates fly direct to Kolkata from Dh1,504 and Dh1,450 return including taxes, respectively. The flight takes four hours 30 minutes outbound and 5 hours 30 minute returning.
The trains
Numerous trains link Kolkata and Murshidabad but the daily early morning Hazarduari Express (3’ 52”) is the fastest and most convenient; this service also stops in Plassey. The return train departs Murshidabad late afternoon. Though just about feasible as a day trip, staying overnight is recommended.
The hotels
Mursidabad’s hotels are less than modest but Berhampore, 11km south, offers more accommodation and facilities (and the Hazarduari Express also pauses here). Try Hotel The Fame, with an array of rooms from doubles at Rs1,596/Dh90 to a ‘grand presidential suite’ at Rs7,854/Dh443.
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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The biog
Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball
EXPATS
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The Indoor Cricket World Cup
When: September 16-23
Where: Insportz, Dubai
Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
Killing of Qassem Suleimani
Most%20polluted%20cities%20in%20the%20Middle%20East
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If%20you%20go
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