• Fenerbahce players walk off the pitch just 101 seconds into the Turkish Super Cup final against Galatasaray at the Sanliurfa GAP Stadium, leading to the match being abandoned. Reuters
    Fenerbahce players walk off the pitch just 101 seconds into the Turkish Super Cup final against Galatasaray at the Sanliurfa GAP Stadium, leading to the match being abandoned. Reuters
  • Galatasaray's Mauro Icardi, who scored the only goal after 50 seconds, stands on the pitch as Fenerbahce players walk off in protest. Reuters
    Galatasaray's Mauro Icardi, who scored the only goal after 50 seconds, stands on the pitch as Fenerbahce players walk off in protest. Reuters
  • Galatasaray's Davinson Sanchez, Kaan Ayhan and Victor Nelsson celebrate winning the Turkish Super Cup final after the match was abandoned. Reuters
    Galatasaray's Davinson Sanchez, Kaan Ayhan and Victor Nelsson celebrate winning the Turkish Super Cup final after the match was abandoned. Reuters
  • Galatasaray players and staff celebrate winning the Turkish Super Cup final after Fenerbahce players walked off, leading to the match being abandoned. Reuters
    Galatasaray players and staff celebrate winning the Turkish Super Cup final after Fenerbahce players walked off, leading to the match being abandoned. Reuters
  • Galatasaray players celebrate winning the Turkish Super Cup final after the match was abandoned due to the Fenerbahce protest. Reuters
    Galatasaray players celebrate winning the Turkish Super Cup final after the match was abandoned due to the Fenerbahce protest. Reuters
  • Galatasaray players line up before the match wearing shirts with the image of Turkey's founder Mustafa Kemal Ataturk. Reuters
    Galatasaray players line up before the match wearing shirts with the image of Turkey's founder Mustafa Kemal Ataturk. Reuters
  • Galatasaray's Mauro Icardi and Fernando Muslera celebrate winning the Turkish Super Cup final. Reuters
    Galatasaray's Mauro Icardi and Fernando Muslera celebrate winning the Turkish Super Cup final. Reuters
  • Fenerbahce President Ali Koc with fans in the stands. Reuters
    Fenerbahce President Ali Koc with fans in the stands. Reuters
  • Galatasaray's Lucas Torreira celebrates winning the Turkish Super Cup final after the match was abandoned. Reuters
    Galatasaray's Lucas Torreira celebrates winning the Turkish Super Cup final after the match was abandoned. Reuters
  • Fenerbahce's under-19 players walk onto the pitch before the match. Reuters
    Fenerbahce's under-19 players walk onto the pitch before the match. Reuters
  • Fenerbahce and Galatasaray players line up ahead of the Turkish Super League final. Reuters
    Fenerbahce and Galatasaray players line up ahead of the Turkish Super League final. Reuters

Fenerbahce field U19s and end Turkish Super Cup final vs Galatasaray after 101 seconds


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Fenerbahce staged a protest during the Turkish Super Cup final against rivals Galatasaray on Sunday, opting to field their under-19 team who walked off the pitch after less than two minutes of the match.

The protest was aimed at the Turkish Football Federation, who refused Fenerbahce's request to postpone the final due to their Europa Conference League quarter-final against Olympiakos of Greece on Thursday.

In response, the club fielded a starting line-up entirely of youth team players for the match against their arch-rivals, with their first-team training back in Istanbul ahead of Thursday’s game.

However, only one minute and 41 seconds was played at the Sanliurfa GAP Stadium when the Fenerbahce players left the field shortly after Mauro Icardi scored for Galatasaray with 50 seconds on the clock.

Galatasaray celebrated wildly with their fans after victory was confirmed, while their opponents did not even acknowledge that the final took place on Sunday evening on their social media channels.

In a statement released on the club’s official website, Fenerbahce president Yildirim Ali Koc said: “Our rebellion today, our stance in the Super Cup, is not only about the date of the match or what happened in the last away match.

“It is time for a ‘reset’ for Turkish football. We are in a period when the swamp must be drained and Turkish football must rebuild itself. There’s no need to reinvent the wheel.

“I hope that the justified rebellions of our club and the actions we decided to take out of necessity will ignite the cleansing process that needs to be done.

“This is the time when impartiality, fair competition and sporting ethics must come to the fore.”

Fenerbahce previously announced their intentions to field a team of academy players for the final due to their grievances against the Turkish football governing body.

Fenerbahce players were attacked by Trabzonspor fans after their 3-2 away victory on March 17, which resulted in the Super Lig club receiving a six-match spectator ban and a fine of £74,105 ($93,500).

Trabzonspor appealed against the sanctions following the incident, where 12 people were arrested, and were earlier this week reduced to a stadium ban of four games and £11,066 fine.

As a result, Fenerbahce held an extraordinary general meeting with their members where they agreed to request for the Super Cup final to be rearranged once again with a foreign referee, which was rejected by TFF.

The final was originally slated for December 30 last year in Riyadh, Saudi Arabia, but was postponed.

The members voted for the club not to participate in the Turkish Cup for the next two seasons, unless fielding an academy line-up, while also calling for action from Fifa and Uefa against the governing body.

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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.

 

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.”

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

PSA DUBAI WORLD SERIES FINALS LINE-UP

Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)

Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)

The specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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Updated: April 08, 2024, 9:15 AM