Manchester City players celebrate after their Champions League final win over Inter Milan at Atatuerk Olympic Stadium in Istanbul, on June 10, 2023. Getty
Manchester City players celebrate after their Champions League final win over Inter Milan at Atatuerk Olympic Stadium in Istanbul, on June 10, 2023. Getty
Manchester City players celebrate after their Champions League final win over Inter Milan at Atatuerk Olympic Stadium in Istanbul, on June 10, 2023. Getty
Manchester City players celebrate after their Champions League final win over Inter Milan at Atatuerk Olympic Stadium in Istanbul, on June 10, 2023. Getty

Favourites Manchester City have fatigue fears going into Champions League draw


Ian Hawkey
  • English
  • Arabic

The most glamorous tournament in club football, as the Uefa Champions League likes to think of itself, stages its annual appetiser on Thursday afternoon, the draw for its group stage. Amid the familiar red-carpet rituals, many old habits will be broken.

The European Cup, as it still gets called, has one important novelty, a fresh title-holder in Manchester City. It has notable absentees among the challengers. As the names of clubs are drawn from bowls into their eight groups of four, there will be no mention of usual regulars such as Liverpool, Juventus, Chelsea or Ajax, who all fell short of qualifying.

For the first time in two decades, the competition’s starting grid has no place for either of the two players who left the 21st century’s biggest mark on the competition.

Lionel Messi, four times a winner, and Cristiano Ronaldo, with his five gold medals, both now play outside Uefa’s orbit. As that illustrious pair keep distant watch on how a new Champions League season unfolds, they cannot help but think the equivalent North American and Asian tournaments they, as figureheads for Inter Miami and Al Nassr, are involved in are moving in closer step to Europe’s Big Cup.

They are entitled to ask how long, in the changing landscape of club football, the Uefa Champions League, a huge global broadcast phenomenon, will keep its status at club football’s summit? In the summer of 2025, an expanded Club World Cup, with 32 teams involved, will be launched. The various continental tournaments being played out in the coming season represent chances for more clubs, from more corners of the game, to be part of this ambitious, Fifa-run show.

It is plausible that a 38-year-old Messi could be there in 2025, in his Miami jersey, if he continues to lift the performances of the Florida club in the way he has done since joining in July.

Ronaldo last week helped Al Nassr through the Asian Champions League play-offs, giving the Saudi Arabian club their shot at the continental crown and with it an opportunity to join Al Hilal and Urawa Red Devils, the last two Asian club champions, in the enlarged, 2025 Club World Cup.

So much for the medium-term horizon. At Thursday’s draw ceremony in Monaco, clubs such as City, Real Madrid, Paris Saint-Germain and Barcelona will focus less on the fact that, because of the increasing attraction of club football in the Gulf and the US, they approach this European Cup having waved goodbye to the likes of Riyad Mahrez, Karim Benzema, Neymar – all in the Saudi Pro League – and Sergio Busquets, now in Miami. Their concern is potential group stage hazards that can impact even on so-called superclubs with favourable seedings.

Madrid, the European Cup’s all-time most successful club and winners for the 14th time in 2022, could end up in a group with both City and AC Milan. All three were semi-finalists in May, but because of the seeding system that favours champions from the leading domestic leagues and ranks the rest according to performances in Europe over a longer period, Milan are in lowly Pot 3, and Madrid, runners up in La Liga last term, in Pot 2.

Man City 1 Inter Milan 0: Champions League final ratings

  • MANCHESTER CITY RATINGS: Ederson - 8. Had a couple of shaky moments in the first half, but made the biggest save of the game with his legs to deny Lukaku late on, and again to deny a header at the death. Getty
    MANCHESTER CITY RATINGS: Ederson - 8. Had a couple of shaky moments in the first half, but made the biggest save of the game with his legs to deny Lukaku late on, and again to deny a header at the death. Getty
  • Manuel Akanji - 6. Took matters into his own hands by taking aim from long range on the stroke of half time, but he failed to keep his effort on target. Breathed a huge sigh of relief after Martinez failed to beat Ederson from close range due to his error. EPA
    Manuel Akanji - 6. Took matters into his own hands by taking aim from long range on the stroke of half time, but he failed to keep his effort on target. Breathed a huge sigh of relief after Martinez failed to beat Ederson from close range due to his error. EPA
  • Ruben Dias - 7. Made an inch-perfect tackle to stop Dzeko from running through on goal in the 14th minute. Made a last-ditch clearance after Dimarco’s effort came off the crossbar in the second half. Getty
    Ruben Dias - 7. Made an inch-perfect tackle to stop Dzeko from running through on goal in the 14th minute. Made a last-ditch clearance after Dimarco’s effort came off the crossbar in the second half. Getty
  • Nathan Ake - 7. Coming off the back of an injury, Ake provided an assured display at left-back and dealt well with the threat of Dumfries. Did well to intercept Barella’s first-time cross into the danger area with his head in the 14th minute. Getty
    Nathan Ake - 7. Coming off the back of an injury, Ake provided an assured display at left-back and dealt well with the threat of Dumfries. Did well to intercept Barella’s first-time cross into the danger area with his head in the 14th minute. Getty
  • John Stones - 8. An impeccable performance from Stones in his new hybrid role. The Englishman defended well and stepped into midfield to help mop up counterattacks. AFP
    John Stones - 8. An impeccable performance from Stones in his new hybrid role. The Englishman defended well and stepped into midfield to help mop up counterattacks. AFP
  • Rodri - 8. Was having a tough game due to his inability to help City dictate play from the middle of the field. He turned things around by grabbing the final’s solitary goal with a low effort from the edge of the penalty area. AFP
    Rodri - 8. Was having a tough game due to his inability to help City dictate play from the middle of the field. He turned things around by grabbing the final’s solitary goal with a low effort from the edge of the penalty area. AFP
  • Bernardo Silva - 7. Not as influential in attack as he was against Real Madrid in the semi-final. Had the first attempt at goal in the final, but he failed to find the top corner with his effort. Had a hand in the goal as his cross was deflected into the path of Rodri to sweep home. EPA
    Bernardo Silva - 7. Not as influential in attack as he was against Real Madrid in the semi-final. Had the first attempt at goal in the final, but he failed to find the top corner with his effort. Had a hand in the goal as his cross was deflected into the path of Rodri to sweep home. EPA
  • Jack Grealish - 6. Not one of his best outings for Pep Guardiola’s side, but he did well to limit Dumfries’ forays forward. Took the wrong decision to have an effort at goal when he had the chance to whip in a dangerous cross into the penalty area halfway through the first half. PA
    Jack Grealish - 6. Not one of his best outings for Pep Guardiola’s side, but he did well to limit Dumfries’ forays forward. Took the wrong decision to have an effort at goal when he had the chance to whip in a dangerous cross into the penalty area halfway through the first half. PA
  • Kevin De Bruyne - 6. Slipped when he had the first real chance to link up with Haaland around the Inter Milan penalty area in the 24th minute. Unlucky to be forced off with an injury on the biggest night of his career in the 35th minute. AFP
    Kevin De Bruyne - 6. Slipped when he had the first real chance to link up with Haaland around the Inter Milan penalty area in the 24th minute. Unlucky to be forced off with an injury on the biggest night of his career in the 35th minute. AFP
  • Ilkay Gundogan - 6, A quiet but solid game from Gundogan in the middle of the field. The German was forced to sit deep and help the Premier League champions control proceedings from deep. AFP
    Ilkay Gundogan - 6, A quiet but solid game from Gundogan in the middle of the field. The German was forced to sit deep and help the Premier League champions control proceedings from deep. AFP
  • Erling Haaland - 6, A rare night without a goal for Haaland, but he kept the Italians backline on their toes for 90 minutes. Had his first attempt on goal in the 26th minute, but Onana was equal to his effort. Getty
    Erling Haaland - 6, A rare night without a goal for Haaland, but he kept the Italians backline on their toes for 90 minutes. Had his first attempt on goal in the 26th minute, but Onana was equal to his effort. Getty
  • SUBS: Phil Foden (De Bruyne, 38') - 6. Had a good chance to put the game to bed, but failed to beat Onana when he was played through on goal in the 78th minute. Reuters
    SUBS: Phil Foden (De Bruyne, 38') - 6. Had a good chance to put the game to bed, but failed to beat Onana when he was played through on goal in the 78th minute. Reuters
  • Kyle Walker (Stones, 82) - N/A. The right-back helped City hold on to the lead as the Italians searched for an equaliser. EPA
    Kyle Walker (Stones, 82) - N/A. The right-back helped City hold on to the lead as the Italians searched for an equaliser. EPA
  • INTER MILAN RATINGS: Andre Onana - 7. Called into action for the first time by Haaland in the 26th minute, and he provided a good save to keep the tie level. Stopped Foden from making it two with a fantastic save in the second half. AFP
    INTER MILAN RATINGS: Andre Onana - 7. Called into action for the first time by Haaland in the 26th minute, and he provided a good save to keep the tie level. Stopped Foden from making it two with a fantastic save in the second half. AFP
  • Matteo Darmian - 6. Had a good game except for one costly error. Could have done better to close up the space Rodri had in the build-up to the English side’s decisive goal. EPA
    Matteo Darmian - 6. Had a good game except for one costly error. Could have done better to close up the space Rodri had in the build-up to the English side’s decisive goal. EPA
  • Francesco Acerbi - 8. Brilliant on the night as he stayed close to Haaland and ensured the Norwegian didn’t get enough clear-cut chances to do the damage. AFP
    Francesco Acerbi - 8. Brilliant on the night as he stayed close to Haaland and ensured the Norwegian didn’t get enough clear-cut chances to do the damage. AFP
  • Alessandro Bastoni - 7. Did well to block Stones’s cross in the 63rd minute. Showed tremendous composure to stop Haaland from running through on goal in the 67th minute. Getty
    Alessandro Bastoni - 7. Did well to block Stones’s cross in the 63rd minute. Showed tremendous composure to stop Haaland from running through on goal in the 67th minute. Getty
  • Denzel Dumfries - 5. Not at his attacking best on the night and was beaten on a number of occasions by Grealish in defence. Brought a good attacking move to an end with his indecisiveness in the first half. AP
    Denzel Dumfries - 5. Not at his attacking best on the night and was beaten on a number of occasions by Grealish in defence. Brought a good attacking move to an end with his indecisiveness in the first half. AP
  • Federico Dimarco - 7. Crucial to Inter Milan’s attacking play in the first half as he repeatedly played in dangerous crosses. Thought he had grabbed an equaliser in the 70th minute, but his header came off the bar. AP
    Federico Dimarco - 7. Crucial to Inter Milan’s attacking play in the first half as he repeatedly played in dangerous crosses. Thought he had grabbed an equaliser in the 70th minute, but his header came off the bar. AP
  • Marcelo Brozovic - 7. A good performance from the experienced Croatian in the middle of the field. He helped the Italians stop City from playing their free-flowing football. Blazed an effort high and wide from the edge of the penalty area in the 19th minute. AP
    Marcelo Brozovic - 7. A good performance from the experienced Croatian in the middle of the field. He helped the Italians stop City from playing their free-flowing football. Blazed an effort high and wide from the edge of the penalty area in the 19th minute. AP
  • Nicolo Barella - 6. Lacked the quality to provide the final touch or pass in attack. Would feel he could have done better when he failed to hit the target with a first-time effort after pouncing on an Ederson error. AFP
    Nicolo Barella - 6. Lacked the quality to provide the final touch or pass in attack. Would feel he could have done better when he failed to hit the target with a first-time effort after pouncing on an Ederson error. AFP
  • Hakan Calhanoglu - 4. A near-invisible performance from the Turkish midfielder on a night the Italians needed him to help unlock Guardiola’s backline. He struggled to create openings for his teammates. AFP
    Hakan Calhanoglu - 4. A near-invisible performance from the Turkish midfielder on a night the Italians needed him to help unlock Guardiola’s backline. He struggled to create openings for his teammates. AFP
  • Lautaro Martinez - 4. Another player that could have done better with his decision-making on a big night. Aimed for goal and failed to beat Ederson when he could have passed the ball to Lukaku or Brozovic. AFP
    Lautaro Martinez - 4. Another player that could have done better with his decision-making on a big night. Aimed for goal and failed to beat Ederson when he could have passed the ball to Lukaku or Brozovic. AFP
  • Edin Dzeko - 5. Worked hard and brought his teammates into play with excellent hold-up play in the first half, but Manchester City defenders took advantage of his lack of pace to stop him. AP
    Edin Dzeko - 5. Worked hard and brought his teammates into play with excellent hold-up play in the first half, but Manchester City defenders took advantage of his lack of pace to stop him. AP
  • SUBS: Romelu Lukaku (Dzeko,57') - 3. Unlucky to unknowingly block Dimarco’s goal-bound effort in the 70th minute. Forced Ederson into a routine save two minutes later. Should have brought the Italians level, but he could only head straight at Ederson when he had the whole goal to aim at. AFP
    SUBS: Romelu Lukaku (Dzeko,57') - 3. Unlucky to unknowingly block Dimarco’s goal-bound effort in the 70th minute. Forced Ederson into a routine save two minutes later. Should have brought the Italians level, but he could only head straight at Ederson when he had the whole goal to aim at. AFP
  • Robin Gosens (Bastoni, 76) - N/A. Overcooked his cross when he had the chance to find a blue and black jersey in the penalty area. Did well to find Lukaku with a header into the danger area in the 89th minute. AFP
    Robin Gosens (Bastoni, 76) - N/A. Overcooked his cross when he had the chance to find a blue and black jersey in the penalty area. Did well to find Lukaku with a header into the danger area in the 89th minute. AFP
  • Raoul Bellanova (Dumfries, 76) - N/A. Put in a number of crosses after coming on, one of which led to Lukaku’s headed chance that he failed to convert. Henrikh Mkhitaryan (Calhanoglu, 84) - N/A. Danilo D’ Ambrosio (Damian, 84) - N/A. AFP
    Raoul Bellanova (Dumfries, 76) - N/A. Put in a number of crosses after coming on, one of which led to Lukaku’s headed chance that he failed to convert. Henrikh Mkhitaryan (Calhanoglu, 84) - N/A. Danilo D’ Ambrosio (Damian, 84) - N/A. AFP

Among the "outsiders" in Pot 4 – the lowest seeded clubs – are Newcastle United.

Bayern Munich, Real Madrid and AC Milan could all end up caged into a group with upwardly-mobile Mapgies. Only two teams can progress to the knockouts.

Newcastle’s last outing in the Champions League was in a losing pre-qualifier 20 years ago. For Union Berlin, also in Pot 4, there is no precedent at all. Their climb from the second division in Germany to last season’s fourth place in the Bundesliga has taken four short years, and their presence, like that of a Newcastle transformed since 2021 by Saudi Arabian investment, speaks of shifting spheres of influence in elite club football.

With both Union and RB Leipzig in the draw, half of Germany’s contingent come from what, a generation ago, was part of East Germany, then a separate nation in the sporting shadow of the wealthier West.

City must start as favourites, albeit mindful that a key factor in the enduring appeal of the Uefa Champions League is an element of unpredictability: almost all its winners fail to repeat their success, year on year. Since 1990, only Real Madrid, with their sequence of three triumphs from 2016 to 2018, have retained the title.

Fatigue, as City’s manager Pep Guardiola keeps warning, is often an enemy to the holders because they are required to take part in more competitions because of their achievement.

One of those is the Club World Cup, still a short winter tournament for this year’s edition, but soon to turn a great deal larger – and keen to outshine Uefa's Champions League for glamour and truly global reach.

Heather, the Totality
Matthew Weiner,
Canongate 

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

 

 

 

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
The biog

Name: Samar Frost

Born: Abu Dhabi

Hobbies: Singing, music and socialising with friends

Favourite singer: Adele

TWISTERS

Director: Lee Isaac Chung

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

Rating: 2.5/5

Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

MATCH INFO

Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.

Man of the match Harry Maguire (Manchester United)

FIXTURES

Nov 04-05: v Western Australia XI, Perth
Nov 08-11: v Cricket Australia XI, Adelaide
Nov 15-18 v Cricket Australia XI, Townsville (d/n)
Nov 23-27: 1ST TEST v AUSTRALIA, Brisbane
Dec 02-06: 2ND TEST v AUSTRALIA, Adelaide (d/n)
Dec 09-10: v Cricket Australia XI, Perth
Dec 14-18: 3RD TEST v AUSTRALIA, Perth
Dec 26-30 4TH TEST v AUSTRALIA, Melbourne
Jan 04-08: 5TH TEST v AUSTRALIA, Sydney

Note: d/n = day/night

Saturday's results

Women's third round

  • 14-Garbine Muguruza Blanco (Spain) beat Sorana Cirstea (Romania) 6-2, 6-2
  • Magdalena Rybarikova (Slovakia) beat Lesia Tsurenko (Ukraine) 6-2, 6-1
  • 7-Svetlana Kuznetsova (Russia) beat Polona Hercog (Slovenia) 6-4. 6-0
  • Coco Vandeweghe (USA) beat Alison Riske (USA) 6-2, 6-4
  •  9-Agnieszka Radwanska (Poland) beat 19-Timea Bacsinszky (Switzerland) 3-6, 6-4, 6-1
  • Petra Martic (Croatia) beat Zarina Diyas (Kazakhstan) 7-6, 6-1
  • Magdalena Rybarikova (Slovakia) beat Lesia Tsurenko (Ukraine) 6-2, 6-1
  • 7-Svetlana Kuznetsova (Russia) beat Polona Hercog (Slovenia) 6-4, 6-0

Men's third round

  • 13-Grigor Dimitrov (Bulgaria) beat Dudi Sela (Israel) 6-1, 6-1 -- retired
  • Sam Queery (United States) beat Jo-Wilfried Tsonga (France) 6-2, 3-6, 7-6, 1-6, 7-5
  • 6-Milos Raonic (Canada) beat 25-Albert Ramos (Spain) 7-6, 6-4, 7-5
  • 10-Alexander Zverev (Germany) beat Sebastian Ofner (Austria) 6-4, 6-4, 6-2
  • 11-Tomas Berdych (Czech Republic) beat David Ferrer (Spain) 6-3, 6-4, 6-3
  • Adrian Mannarino (France) beat 15-Gael Monfils (France) 7-6, 4-6, 5-7, 6-3, 6-2
Mobile phone packages comparison

First Person
Richard Flanagan
Chatto & Windus 

Afro%20salons
%3Cp%3E%3Cstrong%3EFor%20women%3A%3C%2Fstrong%3E%3Cbr%3ESisu%20Hair%20Salon%2C%20Jumeirah%201%2C%20Dubai%3Cbr%3EBoho%20Salon%2C%20Al%20Barsha%20South%2C%20Dubai%3Cbr%3EMoonlight%2C%20Al%20Falah%20Street%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFor%20men%3A%3C%2Fstrong%3E%3Cbr%3EMK%20Barbershop%2C%20Dar%20Al%20Wasl%20Mall%2C%20Dubai%3Cbr%3ERegency%20Saloon%2C%20Al%20Zahiyah%2C%20Abu%20Dhabi%3Cbr%3EUptown%20Barbershop%2C%20Al%20Nasseriya%2C%20Sharjah%3C%2Fp%3E%0A
THE BIO:

Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.

Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.

Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.

Personal motto: Believe it and you can achieve it.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

Brief scores:

Kashima Antlers 0

River Plate 4

Zuculini 24', Martinez 73', 90 2', Borre 89' (pen)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
Persuasion
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarrie%20Cracknell%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EDakota%20Johnson%2C%20Cosmo%20Jarvis%2C%20Richard%20E%20Grant%2C%20Henry%20Golding%20and%20Nikki%20Amuka-Bird%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%201.5%2F5%3C%2Fp%3E%0A
How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

While you're here
THE BIO

Favourite author - Paulo Coelho 

Favourite holiday destination - Cuba 

New York Times or Jordan Times? NYT is a school and JT was my practice field

Role model - My Grandfather 

Dream interviewee - Che Guevara

Dubai World Cup Carnival card

6.30pm: Al Maktoum Challenge Round-2 Group 1 (PA) US$75,000 (Dirt) 1,900m

7.05pm: Al Rashidiya Group 2 (TB) $250,000 (Turf) 1,800m

7.40pm: Meydan Cup Listed Handicap (TB) $175,000 (T) 2,810m

8.15pm: Handicap (TB) $175,000 (D) 1,600m

8.50pm: Handicap (TB) $135,000 (T) 1,600m

9.25pm: Al Shindagha Sprint Group 3 (TB) $200,000 (D) 1,200m

10pm: Handicap (TB) $135,000 (T) 2,000m

The National selections:

6.30pm - Ziyadd; 7.05pm - Barney Roy; 7.40pm - Dee Ex Bee; 8.15pm - Dubai Legacy; 8.50pm - Good Fortune; 9.25pm - Drafted; 10pm - Simsir

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
Updated: August 31, 2023, 2:53 AM