Liverpool manager Jurgen Klopp celebrates with Luis Diaz after the FA Cup win over Arsenal at the Emirates Stadium. Reuters
Liverpool manager Jurgen Klopp celebrates with Luis Diaz after the FA Cup win over Arsenal at the Emirates Stadium. Reuters
Liverpool manager Jurgen Klopp celebrates with Luis Diaz after the FA Cup win over Arsenal at the Emirates Stadium. Reuters
Liverpool manager Jurgen Klopp celebrates with Luis Diaz after the FA Cup win over Arsenal at the Emirates Stadium. Reuters

Sport

Football

Liverpool make wasteful Arsenal pay in FA Cup

Klopp's team hand Gunners their third straight defeat across competitions

The National

January 07, 2024

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  • Arabic

Liverpool survived an Arsenal barrage to seal a place in the FA Cup fourth round as two late goals secured a dramatic 2-0 win on Sunday.

Jurgen Klopp's side rode their luck for long spells as Arsenal wasted a series of chances at the Emirates Stadium.

An own goal by Jakub Kiwior and a late strike by Luis Diaz sealed a result for the Reds.

Arsenal wasted many chances in the first half and were made to pay as Liverpool skipper Trent Alexander-Arnold's free kick glanced off the head of Kiwior in the 80th minute.

Diaz then made sure of eight-time winners Liverpool's place in the fourth round draw as he lashed home in stoppage time.

Liverpool had been second-best in the opening period with Arsenal unable to make the most of their early chances – captain Martin Odegaard coming closest as he rattled the crossbar with a powerful drive.

Liverpool improved after the break though and their travelling fans were rewarded with late goals.

William Saliba and Declan Rice of Arsenal after the match against Liverpool. Getty Images
William Saliba and Declan Rice of Arsenal after the match against Liverpool. Getty Images

Arsenal have now lost their last three games in all competitions. Manager Mikel Arteta is now saddled with problems to solve ahead of their short mid-season break.

The two Premier League title rivals – choosing not to wear red in support of Arsenal's anti-knife crime initiative – played out a 1-1 draw at Anfield a fortnight ago and while both managers picked strong teams, a handful of changes were made with Aaron Ramsdale given the nod.

“We changed things around at halftime internally, and we came out and played football and created chances,” Alexander-Arnold said.

“There were times in the first half that we were a little bit naive … We hit the woodwork a couple of times, so we've had our chances, and towards the end, we put them away. ”

Liverpool's first FA Cup win over Arsenal since the 2001 final was a significant moment as the Premier League leaders inflicted a psychological blow on one of their main title rivals.

Arsenal have now won only once in their last six games in all competitions, an unexpected stumble that leaves them out of the FA Cup and League Cup and five points behind Liverpool in the title race.

No wonder Klopp celebrated with such gusto at the final whistle, pumping his fists in acknowledgement of a victory that could springboard Liverpool's bid to win four trophies.

The Reds, who drew 1-1 with Arsenal in the Premier League in December, face Fulham in the League Cup semi-final first leg in midweek and are also through to the Europa League last 16.

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Yuki Means Happiness
Alison Jean Lester
John Murray 

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

Brief scores:

Day 2

England: 277 & 19-0

West Indies: 154

The specs: Rolls-Royce Cullinan

Price, base: Dh1 million (estimate)

Engine: 6.75-litre twin-turbo V12

Transmission: Eight-speed automatic

Power: 563hp @ 5,000rpm

Torque: 850Nm @ 1,600rpm

Fuel economy, combined: 15L / 100km

Meydan Racecourse racecard:

6.30pm: The Madjani Stakes Listed (PA) | Dh175,000 | 1,900m

7.05pm: Maiden for 2-year-old fillies (TB) | Dh165,000 | 1,400m

7.40pm: The Dubai Creek Mile Listed (TB) | Dh265,000 | 1,600m

8.15pm: Maiden for 2-year-old colts (TB) | Dh165,000 | 1,600m

8.50pm: The Entisar Listed (TB) | Dh265,000 | 2,000m

9.25pm: Handicap (TB) | Dh190,000 | 1,200m

10pm: Handicap (TB) | Dh190,000 | 1,600m.

Hydrogen: Market potential

Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.

"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.

Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.

The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.

Zayed Sustainability Prize
Brief scores:

Newcastle United 1

Perez 23'

Wolverhampton Rovers 2

Jota 17', Doherty 90' 4

Red cards: Yedlin 57'

Man of the Match: Diogo Jota (Wolves)

Fight card
  • Aliu Bamidele Lasisi (Nigeria) beat Artid Vamrungauea (Thailand) POINTS
  • Julaidah Abdulfatah (Saudi Arabia) beat Martin Kabrhel (Czech Rep) POINTS
  • Kem Ljungquist (Denmark) beat Mourad Omar (Egypt) TKO
  • Michael Lawal (UK) beat Tamas Kozma (Hungary) KO​​​​​​​
  • Zuhayr Al Qahtani (Saudi Arabia) beat Mohammed Mahmoud (UK) POINTS
  • Darren Surtees (UK) beat Kane Baker (UK) KO
  • Chris Eubank Jr (UK) beat JJ McDonagh (Ireland) TKO
  • Callum Smith (UK) beat George Groves (UK) KO

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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.”

Updated: January 08, 2024, 6:13 AM
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