In January 2023, the Argentina World Cup winner Enzo Fernandez and his entourage touched down in London to complete a British record transfer to Chelsea. The deal involved a sprawling cast of agents, lawyers and associates, all being ferried around in chauffeur-driven cars and private aircraft. A few days earlier, another landmark transfer had taken place, yet had flown almost entirely under the radar.
The Nigeria international, William Troost-Ekong, moved on loan from Watford to Salernitana in Serie A, but there was no private jet and no A-lister treatment. Instead, there was a fistful of train tickets, boarding passes for a commercial flight from London to Naples, and contact details for an olive farm near Salerno.
Troost-Ekong made what he believes was the world’s first carbon-neutral international football transfer.
Next week, training schedule permitting, he hopes to tell his story at the Cop28 summit in Dubai, via a virtual appearance in a seminar on sustainability in sport.
It's a story that started in the Netherlands, where he was born to a Dutch mother and Nigerian father. A youth career with Fulham and Tottenham gave little clue to the rich and varied path ahead in a senior career that has traversed the Netherlands, Belgium, England, Norway, Turkey, Italy and Greece. Not to mention 64 caps for the Super Eagles, who he hopes to represent at the Africa Cup of Nations in January.
Those experiences have shaped Troost-Ekong’s outlook and piqued an interest in environmental issues; the seed of curiosity planted amid the personal growth of fatherhood – he has three children under five – and fertilised by a nagging sense that things “just don’t add up” when it comes to the disparity between the wealth and influence of football and the industry’s meagre record on sustainability.
A partnership with Sokito, a UK-based start-up looking to produce the world's most eco-friendly football boots, followed and together they hatched the plan for Troost-Ekong’s carbon-neutral transfer.
“It was something I had read about and thought was a good idea,” the 30-year-old defender told The National from the Greek city of Thessaloniki, having just finished training with new club PAOK.
“The opportunity came to go to Italy with Salernitana and I thought this is the perfect moment to try and piece it all together. Initially, I wasn't sure how you could do that with a transfer. There are different calculators out there, but the team at Sokito wanted to be absolutely spot on, so I think they went that bit further.
“I travelled with my brother, and he took the tube and the train [to meet me]. I had two agents in Italy and they also used the train. We tried to make it the most eco-friendly we could in terms of transport. I couldn't do all the stuff because I had three to four suitcases and it was all quite last minute.
“We made a calculation from the days leading up to it, us being there, going for the medical, going to the stadium, to the point where I signed and started training and was integrated into the team.”
That calculation showed the transfer had generated 0.928 tonnes of carbon emissions and it was then a case of deciding how to offset it – an aim achieved through the planting of olive trees with the help of Alberami, a project that enables farmers in southern Italy to gain income from voluntary CO2 offsets and sustainable methods. In monetary terms, the cost of the offset was just 65 Euros.
“I thought it would be great to do something locally in Italy, to try and make it a talking point there as well,” added Troost-Ekong. “We came across Alberami, who were already doing work with the olive trees and farmers. I visited one of the farms and planted a tree, which was just kind of symbolic, and felt I learned a lot and it was another way of sharing the message.
“The aim is to get people talking and I think it’s important to highlight the cost. The contribution was less than I thought it would be, it is very accessible, and the idea is that everyone can do the same.
“I hope it becomes mandatory, that the governing bodies will make it mandatory for clubs to make a contribution to cover for players travelling.”
While he acknowledges that the mass movement of supporters will always be the greatest challenge in mitigating football’s impact on the environment, Troost-Ekong knows as well as anyone the culture of wastage that is deep-rooted in the game, where the rampant consumption of resources will always be justified if a team is winning matches.
“Clubs can be quite lazy in organising things on a very one-off use basis,” he explained. “That’s everything from water bottles to the amount of staff travelling to games, the kit that we wear, endless things that are very wasteful, and just because all that matters is the result and performance on the Saturday.
“The governing bodies, the people really in charge, from the leagues to the Champions League, to Uefa and Fifa … they have to create and enforce policies and set new rules because I think that's the only way to make a big change.”
Although he remains a rarity in the results-obsessed ultra-capitalist world of professional football, Troost-Ekong is not the only player to highlight environmental concerns. Juan Mata’s work with Common Goal has veered into this territory, while Sheffield United midfielder Tom Davies has launched a scheme to create furniture from the chopsticks discarded by the UK’s restaurant trade.
At Sokito, he is joined by around 25 other players “from all levels and also the women’s game” who have invested in a company that wants to create eco-friendly boots. Founder Jake Hardy started the brand after learning that 12.5 million boots head to landfill annually.
As well as Troost-Ekong, they count Borussia Dortmund striker Felix Nmecha, former Manchester United and Everton midfielder Tom Cleverley, and Norway international Morten Thorsby among their backers.
“I wanted to broaden my world outside of the white lines and the biggest thing was getting in touch with Sokito,” added Troost-Ekong. “I was always interested in environmental companies and this was close to home for me with the football aspect.
“The more I spoke to them, it really hit home how far behind we are in the football world, but especially in relation to how prominent we are as players and the game is in general. Those two things didn't add up.
“I wanted to be part of a collective that had the same ideas and was forward thinking. Sokito was great for that because Jake, the founder, was open-minded and wanted to hear our side of the story.
“Most exciting for me, and I really believe in the idea of creating a sustainable football boot, first and foremost, and potentially other sustainable products, but also influencing policy that can be implemented in football.
“None of us are necessarily experts but we are all hungry to make a change and be forward thinking and leave some sort of legacy in football, so that when my kids are older, hopefully they will choose a pair of Sokito boots and understand the reasons why.”
None of us are necessarily experts but we are all hungry to make a change and be forward thinking and leave some sort of legacy in football
William Troost-Ekong
It’s a common theme with Troost-Ekong that he isn’t looking for praise, nor has he got all the answers, he just wants to help start a conversation. At Cop28 this week, that conversation will begin in earnest, and he is eager to play his part.
“[Cop28] is something new for me that I have been learning about in recent weeks,” he added. “It all depends on my training schedule, but I am hoping to make a virtual appearance to tell my story with David [Garrido] from Sky Sports who will be attending. He is very active in this space and asked me if I would join and give a small briefing about what got me involved and my perspective.”
Now into his 30s, the defender readily admits that age and experience have transformed that perspective. He now hopes that more and more players will join him in calling for meaningful change.
“I have got a young family with three kids under five, and the last five years have changed my whole outlook on the world, what I was doing, and the future,” he said.
“I became less selfish, which you can be in the football world when you are so focused on performance and always, 'what's next?'. I thought, ‘how can I be a catalyst, how can I affect the environment around me?’.
“I felt a responsibility to try and use my situation to create a talking point. I'm not trying to pat myself on the back, it's about getting people speaking about it, especially other football players. Everyone has their own platform and if we can combine that, then perhaps we can make a real change."
Monster
Directed by: Anthony Mandler
Starring: Kelvin Harrison Jr., John David Washington
3/5
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
AL%20BOOM
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
ENGLAND SQUAD
Goalkeepers Pickford (Everton), Pope (Burnley), Henderson (Manchester United)
Defenders Alexander-Arnold (Liverpool), Chilwell (Chelsea), Coady (Wolves), Dier (Tottenham), Gomez (Liverpool), James (Chelsea), Keane (Everton), Maguire (Manchester United), Maitland-Niles (Arsenal), Mings (Aston Villa), Saka (Arsenal), Trippier (Atletico Madrid), Walker (Manchester City)
Midfielders: Foden (Manchester City), Henderson (Liverpool), Grealish (Aston Villa), Mount (Chelsea), Rice (West Ham), Ward-Prowse (Southampton), Winks (Tottenham)
Forwards: Abraham (Chelsea), Calvert-Lewin (Everton), Kane (Tottenham), Rashford (Manchester United), Sancho (Borussia Dortmund), Sterling (Manchester City)
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Bridgerton%20season%20three%20-%20part%20one
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EVarious%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nicola%20Coughlan%2C%20Luke%20Newton%2C%20Jonathan%20Bailey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
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.
RESULTS
5pm: Maiden | Dh80,000 | 1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
5.30pm: Handicap | Dh80,000 | 1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel
6pm: Handicap | Dh80,000 | 2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle
6.30pm: Handicap | Dh85,000 | 2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel
7pm: Shadwell Farm for Private Owners Handicap | Dh70,000 | 2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi
7.30pm: Handicap (TB) | Dh100,000 | 1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly
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Review: Tomb Raider
Dir: Roar Uthaug
Starring: Alicia Vikander, Dominic West, Daniel Wu, Walter Goggins
two stars
Bio
Age: 25
Town: Al Diqdaqah – Ras Al Khaimah
Education: Bachelors degree in mechanical engineering
Favourite colour: White
Favourite place in the UAE: Downtown Dubai
Favourite book: A Life in Administration by Ghazi Al Gosaibi.
First owned baking book: How to Be a Domestic Goddess by Nigella Lawson.
The%20specs
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ASHES SCHEDULE
First Test
November 23-27 (The Gabba, Brisbane)
Second Test
December 2-6 (Adelaide Oval, Adelaide)
Third Test
December 14-18 (Waca Ground, Perth)
Fourth Test
December 26-30 (Melbourne Cricket Ground, Melbourne)
Fifth Test
January 4-8, 2018 (Sydney Cricket Ground, Sydney)
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
The%20specs
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Fixtures
Friday Leganes v Alaves, 10.15pm; Valencia v Las Palmas, 12.15am
Saturday Celta Vigo v Real Sociedad, 8.15pm; Girona v Atletico Madrid, 10.15pm; Sevilla v Espanyol, 12.15am
Sunday Athletic Bilbao v Getafe, 8.15am; Barcelona v Real Betis, 10.15pm; Deportivo v Real Madrid, 12.15am
Monday Levante v Villarreal, 10.15pm; Malaga v Eibar, midnight
Results
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RESULTS
Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO
Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke
Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke
Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO
Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision
Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision
Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO
Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)
Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)
Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision
Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke
Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO
Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision
Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision
MATCH INFO
Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
Game is on BeIN Sports
'Falling%20for%20Christmas'
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Schedule:
Friday, January 12: Six fourball matches
Saturday, January 13: Six foursome (alternate shot) matches
Sunday, January 14: 12 singles
COMPANY%20PROFILE
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Boulder shooting victims
• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
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 Pope's itinerary
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5