• Manchester City's Kevin De Bruyne vies for the ball with Arsenal's Declan Rice during their Premier League match at the Etihad Stadium on Sunday, March 31, 2024. EPA
    Manchester City's Kevin De Bruyne vies for the ball with Arsenal's Declan Rice during their Premier League match at the Etihad Stadium on Sunday, March 31, 2024. EPA
  • Manchester City's Phil Foden breaks free against Arsenal on Sunday. EPA
    Manchester City's Phil Foden breaks free against Arsenal on Sunday. EPA
  • Manchester City manager Pep Guardiola with his Arsenal counterpart Mikel Arteta at the Etihad Stadium. PA
    Manchester City manager Pep Guardiola with his Arsenal counterpart Mikel Arteta at the Etihad Stadium. PA
  • Manchester City's Manuel Akanji remonstrates alongside Arsenal's Gabriel Jesus . Reuters
    Manchester City's Manuel Akanji remonstrates alongside Arsenal's Gabriel Jesus . Reuters
  • Manchester City's Erling Haaland fights for the ball with Arsenal's Gabriel. Reuters
    Manchester City's Erling Haaland fights for the ball with Arsenal's Gabriel. Reuters
  • Arsenal's David Raya blocks an effort. Reuters
    Arsenal's David Raya blocks an effort. Reuters
  • Arsenal defender Gabriel Magalhaes argues with referee Anthony Taylor. AFP
    Arsenal defender Gabriel Magalhaes argues with referee Anthony Taylor. AFP
  • Arsenal's Leandro Trossard has a shot on goal past Manchester City's Manuel Akanji. PA
    Arsenal's Leandro Trossard has a shot on goal past Manchester City's Manuel Akanji. PA

Man City and Arsenal draw to hand Liverpool advantage in Premier League title race


  • English
  • Arabic

Manchester City and Arsenal fought out a tense stalemate as they drew 0-0 at the Etihad Stadium – to hand the initiative to Liverpool in the Premier League title race.

Jurgen Klopp’s side had earlier come from a goal down to beat Brighton at Anfield and go top of the table.

And they stayed there after their title rivals failed to take their chance to keep the pressure up.

Mikel Arteta’s Arsenal, who could have leapfrogged Liverpool with a win, will still be the happier of the two sides.

The result leaves Liverpool top on 67 points, with Arsenal two behind them and City a further point adrift on 64.

Arsenal have kept a clean sheet in both of their league meetings with Manchester City this season, making them just the fourth side to shut out a Pep Guardiola side in two league matches in the same season, after Borussia Monchengladbach in 2014/15, Manchester United in 2020/21, and Crystal Palace in 2021/22.

City failed to break down Arsenal as the highly anticipated clash failed to live up to its hype. A share of the spoils preserved City's unbeaten home run stretching back to November 2022 and ended Arsenal's eight-match winning run in the Premier League.

City dominated possession but struggled to make anything of it against a defence that has conceded the fewest number of goals in the Premier League this season.

Arsenal have also been in free-scoring form at the other end, netting 33 times during their eight-match winning streak. However, the visitors had lost on their last eight trips to the Etihad, including a 4-1 thrashing as the title race swung decisively in City's favour last season, and opted for a counter-attacking approach.

Gabriel Jesus came into the Arsenal side on his return to the Etihad and had the visitors' best effort of a shot-shy first half when he dragged wide from the edge of the box. Nathan Ake wasted City's best chance in the first half when he failed to connect properly with a dangerous Kevin De Bruyne corner and David Raya gratefully smothered the loose ball.

City were already missing the key defensive duo of Kyle Walker and John Stones after both were injured on international duty with England. And Guardiola was forced to cobble together an even more makeshift backline when Ake hobbled off on 27 minutes.

Arsenal, though, rarely tested the City defence despite both sides upping the tempo after the break. Jesus could just not stretch far enough to meet Bukayo Saka's cross in the only sign of life from the England international.

Erling Haaland was extremely well-marshalled by Arsenal's solid centre-back pairing of Gabriel Magalhaes and William Saliba. And the Norwegian fluffed his lines when he did get a rare sight of goal seven minutes from time as he failed to connect with a corner at the back post.

Arsenal's best chance to snatch all three points came late on when substitute Leandro Trossard was released in behind, but the Belgian fired straight at Stefan Ortega. City's failure to find a winner means they are still yet to beat any of the top five in the Premier League this season.

And the champions now need favours from both Liverpool and Arsenal if they are to become the first side to ever win four consecutive English top-flight titles.

Arsenal boss Arteta, told the BBC: "A really competitive match as you can imagine. We made another big step today.

"They have the capacity to change formations to get you in deep in many moments. They are very physical but I think we coped with that very well.

"I think we had the best situations. We were really aggressive at times and getting the ball into great areas. The way we competed individually and as a team was phenomenal.

"Individually you have to be at your best. I think it is 2021 since they hadn't scored a goal here at the Etihad.

"It was a really tough test for us today. We wanted to win but when you cannot win you must not lose."

City boss Guardiola told Sky Sports: "We take the point. We tried. We didn't create much, they didn't create much. They defended very compact, we could not regain the balls high pressing because first contact, second contact they were there. They had a lot of quality and physicality.

"They had one or two chances in transitions when we lost one or two balls. But yes it was a tight game, we were who we are, we missed a little bit in the final third but it is not easy. The strikers run back with Rodri, the crosses they were really good with, the physicality and intensity."

On if he expected this type of game: "Yes. The last game at the Emirates was similar. We tried to create a little bit more but it is not easy. They have good players defending the way they did and they also did high pressing – they are fantastic in what they do.

"When we break them in contact with the wingers or with Haaland and then got inside there was Jorginho and Rice there. The spaces were very little. That is why they were top of the league, now it is Liverpool, but last season, this season they play really well."

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Full list of Emmy 2020 nominations

LEAD ACTOR IN A COMEDY SERIES

Anthony Anderson, Black-ish
Don Cheadle, Black Monday
Ted Danson, The Good Place
Michael Douglas, The Kominsky Method
Eugene Levy, Schitt’s Creek
Ramy Youssef, Ramy

LEAD ACTRESS IN A COMEDY SERIES

Christina Applegate, Dead to Me
Rachel Brosnahan, The Marvelous Mrs. Maisel
Linda Cardellini, Dead to Me
Catherine O’Hara, Schitt’s Creek
Issa Rae, Insecure
Tracee Ellis Ross, Black-ish

OUTSTANDING VARIETY/TALK SERIES

The Daily Show with Trevor Noah
Full Frontal with Samantha Bee
Jimmy Kimmel Live
Last Week Tonight with John Oliver
The Late Show with Stephen Colbert

LEAD ACTOR IN A DRAMA SERIES

Jason Bateman, Ozark
Sterling K. Brown, This Is Us
Steve Carell, The Morning Show
Brian Cox, Succession
Billy Porter, Pose
Jeremy Strong, Succession

LEAD ACTRESS IN A DRAMA SERIES

Jennifer Aniston, The Morning Show
Olivia Colman, The Crown
Jodie Comer, Killing Eve
Laura Linney, Ozark
Sandra Oh, Killing Eve
Zendaya, Euphoria

OUTSTANDING REALITY/COMPETITION PROGRAM

The Masked Singer
Nailed It!
RuPaul’s Drag Race
Top Chef
The Voice

LEAD ACTOR IN A LIMITED SERIES/TV MOVIE

Jeremy Irons, Watchmen
Hugh Jackman, Bad Education
Paul Mescal, Normal People
Jeremy Pope, Hollywood
Mark Ruffalo, I Know This Much Is True

LEAD ACTRESS IN A LIMITED SERIES/TV MOVIE

Cate Blanchett, Mrs. America
Shira Haas, Unorthodox
Regina King, Watchmen
Octavia Spencer, Self Made
Kerry Washington, Little Fires Everywhere

OUTSTANDING LIMITED SERIES

Little Fires Everywhere
Mrs. America
Unbelievable
Unorthodox
Watchmen

OUTSTANDING COMEDY SERIES

Curb Your Enthusiasm
Dead to Me
The Good Place
Insecure
The Kominsky Method
The Marvelous Mrs. Maisel
Schitt’s Creek
What We Do In The Shadows

OUTSTANDING DRAMA SERIES

Better Call Saul
The Crown
The Handmaid’s Tale
Killing Eve
The Mandalorian
Ozark
Stranger Things
Succession

 

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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.”

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

T20 WORLD CUP QUALIFIERS

Qualifier A, Muscat

(All matches to be streamed live on icc.tv) 

Fixtures

Friday, February 18: 10am Oman v Nepal, Canada v Philippines; 2pm Ireland v UAE, Germany v Bahrain 

Saturday, February 19: 10am Oman v Canada, Nepal v Philippines; 2pm UAE v Germany, Ireland v Bahrain 

Monday, February 21: 10am Ireland v Germany, UAE v Bahrain; 2pm Nepal v Canada, Oman v Philippines 

Tuesday, February 22: 2pm Semi-finals 

Thursday, February 24: 2pm Final 

UAE squad:Ahmed Raza(captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia

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

The Programme

Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson

The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

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In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
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

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

Ticket prices
  • Golden circle - Dh995
  • Floor Standing - Dh495
  • Lower Bowl Platinum - Dh95
  • Lower Bowl premium - Dh795
  • Lower Bowl Plus - Dh695
  • Lower Bowl Standard- Dh595
  • Upper Bowl Premium - Dh395
  • Upper Bowl standard - Dh295
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Updated: March 31, 2024, 7:00 PM