Kai Havertz celebrates after scoring Arsenal's winner against Brentford in the Premier League on November 25, 2023. AFP
Kai Havertz celebrates after scoring Arsenal's winner against Brentford in the Premier League on November 25, 2023. AFP
Kai Havertz celebrates after scoring Arsenal's winner against Brentford in the Premier League on November 25, 2023. AFP
Kai Havertz celebrates after scoring Arsenal's winner against Brentford in the Premier League on November 25, 2023. AFP

Premier League talking points: Havertz relief, prickly Pochettino, Man United Euro blues


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Has Havertz turned corner at Arsenal?

It will be a week to remember for Kai Havertz if he manages to find the back of the net again for Arsenal when the North London club take on Wolves on Saturday.

Before scoring last weekend's winner against Brentford – that took Arsenal top of the Premier League in what was manager Mikel Arteta's 200th game in charge of the Gunners – Havertz had managed just one goal and one assist since his summer move from Chelsea.

The Germany forward was only a substitute against the Bees but came off the bench with 12 minutes remaining to head home the only goal of the game.

He was rewarded with a starting place in the midweek 6-1 Champions League demolition of Lens and it was his goal after 13 minutes that opened the floodgates at the Emirates Stadium.

“Scoring goals, playing well, participating in wins – those are positive attributes,” Arteta said of Havertz's performance against the French club. “You saw the reception of his teammates and the crowd being with him, singing his name. He's a tremendous player.”

Will VAR make Wolves howl again?

It is fair to say Wolves and VAR have not exactly been comfortable bedfellows this season with an unfortunate number of incidents going against Gary O'Neil's side.

The Midlands club had already seen three VAR decisions this season that the Premier League's Independent Key Match Incidents Panel has admitted were errors.

The first came on the opening week of the season (Wolves lost 1-0) when no penalty was given against Andre Onana despite the Manchester United keeper committing an obvious foul, while Newcastle United (2-2 draw) and Sheffield United (Blades won 2-1) were both given penalties which should have been overturned.

Last week's 3-2 defeat at Fulham saw two penalties scored against Wolves, the first of which – given when Nelson Semedo caught Tom Cairney in the area – referee Michael Salisbury admitted after the game that he got wrong. “He regrets the fact that he wasn't sent to the screen to overturn the first penalty,” said O'Neil.

“Maybe tonight has finally turned me against VAR,” added the Wolves manager. “The impact that you are having on my reputation, and the club and people's livelihoods is massive. We should be able to talk about the game and not decisions, but unfortunately we can't.”

Can Man United pick themselves up from Euro woes?

While Arsenal enjoyed an unforgettable night of European football this week, Manchester United were left staring down the barrel of a disastrous early exit from the Champions League after drawing 3-3 at Galatasaray.

Qualification for the knockout stage is now out of their hands as they need to beat Bayern Munich in their final game and hope Copenhagen and Galatasaray draw the other match. Lose, and the Red Devils will finish bottom of the group without even the consolation of a Europa League spot.

On a bad night in Istanbul, United twice squandered a two-goal, while goalkeeper Andre Onana had another night to forget when he was at fault for two of the goals.

It means Erik ten Hag's side have won just once in five Group A games – leaking 14 goals along the way – and they now face an tricky trip up to Tyneside on Saturday where they face a Newcastle United side on a run of five home league victories in a row.

“I am responsible for this,” insisted the Dutch coach after Wednesday's defeat. “We know we are in a project. We are making improvements, so that's very hopeful.”

Can Chelsea improve mood of prickly Pochettino?

Hopes that Chelsea were finally starting to find momentum after beating Tottenham and then drawing with Manchester City were brought to a halt in spectacular fashion last weekend.

A dreadful defensive performance at Newcastle saw Chelsea concede four goals, two coming within 90 seconds of each other, the second of which courtesy of an error by the usually ultra-reliable Thiago Silva.

Add to the fact captain Reece James was also sent-off for two yellow cards – the first for kicking the ball away, the second for hauling down Anthony Gordon after gifting possession to the Magpies winger – and you can certainly say it was a bad day at the office for the boys in blue.

“We talk about being a young team and we have to learn, but I think these type of games make me very, very, very, very, very angry because it's about showing your personality and character,” said Chelsea manager Mauricio Pochettino after the game.

Chelsea now find themselves 10th in the table, 14 points behind leaders Arsenal, 12 points shy of Aston Villa in fourth and six points short Sunday's opponents Brighton who are eighth.

Chelsea's Reece James, left, and Thiago Silva, right, had a day to forget at Newcastle last week. Getty Images
Chelsea's Reece James, left, and Thiago Silva, right, had a day to forget at Newcastle last week. Getty Images

Will Spurs prove thorn in Guardiola's side again?

Manchester City head into their clash with Tottenham Hotspur on Sunday having been knocked off the top spot after drawing their last two games – against Chelsea (4-4) and Liverpool (1-1).

And it looked like their 100 per cent record in this season's Champions League was coming to an end on Wednesday when they went in at the break 2-0 down against RB Leipzig.

But a second-half fightback saw Pep Guardiola's side score three second-half goals to make it five wins from five in Group G, with Erling Haaland becoming the quickest player ever to score 40 goals in the competition – reached in 35 matches, 10 fewer than previous record holder Ruud van Nistelrooy. “He's a fantastic player. I tell you many times,” said Guardiola.

Now they will be looking to make it four defeats in a row for a club who have actually been a thorn in Guardiola's side since his arrival at the club in 2016.

The Spaniard has lost more top-flight games to Spurs (six) than any other opponent while also conceding the most goals to (19, level with Liverpool).

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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.

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 are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

One in nine do not have enough to eat

Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.

One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.

The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.

Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.

It is currently estimated that one in nine people globally do not have enough to eat.

On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.

Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.

 

RESULT

Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')

SHAITTAN
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Updated: December 01, 2023, 3:45 AM