• Al Ain keeper Khalid Essa shakes hands with the Yokohama F Marinos players at full time in the Japanese side's 2-1 victory in the AFC Champions League final first leg at the Yokohama International Stadium, on Saturday, May 11, 2024. Chris Whiteoak / The National
    Al Ain keeper Khalid Essa shakes hands with the Yokohama F Marinos players at full time in the Japanese side's 2-1 victory in the AFC Champions League final first leg at the Yokohama International Stadium, on Saturday, May 11, 2024. Chris Whiteoak / The National
  • Al Ain manager Hernan Crespo and Yokohama coach Harry Kewell shake hands at full time. Chris Whiteoak / The National
    Al Ain manager Hernan Crespo and Yokohama coach Harry Kewell shake hands at full time. Chris Whiteoak / The National
  • Yokohama manager Harry Kewell. Chris Whiteoak / The National
    Yokohama manager Harry Kewell. Chris Whiteoak / The National
  • Soufiane Rahimi of Al Ain battles with Shinnosuke Hatanaka of Yokohama. Chris Whiteoak / The National
    Soufiane Rahimi of Al Ain battles with Shinnosuke Hatanaka of Yokohama. Chris Whiteoak / The National
  • Mohammed Abbas of Al Ain celebrates his goal. Chris Whiteoak / The National
    Mohammed Abbas of Al Ain celebrates his goal. Chris Whiteoak / The National
  • Khalid Al Hashemi, centre, and his Al Ain teammates shake hands with the Yokohama players at full time. Chris Whiteoak / The National
    Khalid Al Hashemi, centre, and his Al Ain teammates shake hands with the Yokohama players at full time. Chris Whiteoak / The National
  • Kota Watanabe of Yokohama celebrates after scoring their winner. Chris Whiteoak / The National
    Kota Watanabe of Yokohama celebrates after scoring their winner. Chris Whiteoak / The National
  • Kota Watanabe of Yokohama, second left, celebrates after scoring their second goal. Chris Whiteoak / The National
    Kota Watanabe of Yokohama, second left, celebrates after scoring their second goal. Chris Whiteoak / The National
  • Kota Watanabe of Yokohama celebrates. Chris Whiteoak / The National
    Kota Watanabe of Yokohama celebrates. Chris Whiteoak / The National
  • Mohammed Abbas of Al Ain celebrates with teammate Soufiane Rahimi after scoring their opening goal against Yokohama F Marinos. Chris Whiteoak / The National
    Mohammed Abbas of Al Ain celebrates with teammate Soufiane Rahimi after scoring their opening goal against Yokohama F Marinos. Chris Whiteoak / The National
  • Asahi Uenaka of Yokohama F Marinos heads to score their opening goal. Getty Images
    Asahi Uenaka of Yokohama F Marinos heads to score their opening goal. Getty Images
  • Asahi Uenaka, right, of Yokohama F Marinos celebrates with teammate Nam Tae-hee after scoring their first goal. Getty Images
    Asahi Uenaka, right, of Yokohama F Marinos celebrates with teammate Nam Tae-hee after scoring their first goal. Getty Images
  • Al Ain's Mohammed Abbas scores Al Ain's first goal. Reuters
    Al Ain's Mohammed Abbas scores Al Ain's first goal. Reuters
  • Kaku of Al Ain battles with Nam Tae-hee of Yokohama. Chris Whiteoak / The National
    Kaku of Al Ain battles with Nam Tae-hee of Yokohama. Chris Whiteoak / The National
  • Soufiane Rahimi of Al Ain battles with Eduardo of Yokohama. Chris Whiteoak / The National
    Soufiane Rahimi of Al Ain battles with Eduardo of Yokohama. Chris Whiteoak / The National
  • Al Ain manager Hernan Crespo during the game. Chris Whiteoak / The National
    Al Ain manager Hernan Crespo during the game. Chris Whiteoak / The National
  • Al Ain fans before the first leg against Yokohama F Marinos. Chris Whiteoak / The National
    Al Ain fans before the first leg against Yokohama F Marinos. Chris Whiteoak / The National
  • Matias Palacios of Al Ain scores the team's second goal, only to see his strike later disallowed after a VAR review. Getty Images
    Matias Palacios of Al Ain scores the team's second goal, only to see his strike later disallowed after a VAR review. Getty Images
  • Matias Palacios of Al Ain celebrates after scoring the team's second goal, which was chalked off by VAR. Getty Images
    Matias Palacios of Al Ain celebrates after scoring the team's second goal, which was chalked off by VAR. Getty Images
  • Ain's Emirati goalkeeper Khalid Eisa punches the ball clear. AFP
    Ain's Emirati goalkeeper Khalid Eisa punches the ball clear. AFP
  • Yokohama F Marinos' Taiki Watanabe and Al Ain's Soufiane Rahimi battle. AP
    Yokohama F Marinos' Taiki Watanabe and Al Ain's Soufiane Rahimi battle. AP
  • Al Ain's Emirati goalkeeper Khalid Essa makes a save. AFP
    Al Ain's Emirati goalkeeper Khalid Essa makes a save. AFP
  • Al Ain's Emirati midfielder Mohammed Abbas attempts an overhead kick. AFP
    Al Ain's Emirati midfielder Mohammed Abbas attempts an overhead kick. AFP
  • The teams come on to the pitch before kick-off. Chris Whiteoak / The National
    The teams come on to the pitch before kick-off. Chris Whiteoak / The National

Yokohama v Al Ain: Hernan Crespo's side lose out narrowly in ACL final first leg


John McAuley
  • English
  • Arabic

Al Ain lost the first leg of the Asian Champions League final in Japan on Saturday, defeated 2-1 by Yokohama F Marinos.

The 2003 champions, the only UAE club to be crowned Asian champions, had taken the lead at Yokohama International Stadium on 12 minutes, when Soufiane Rahimi robbed possession from Carlos Eduardo and raced through on goal.

The Moroccan’s effort was blocked brilliantly by Marinos goalkeeper William Popp, but Mohammed Abbas was on hand to squeeze the rebound into the goal.

The visitors thought they had doubled their lead right on the hour. Matias Palacios broke beyond the Marinos defence and his somehow squirmed through Popp’s legs, only for VAR to show the Al Ain midfielder had strayed just offside.

Either side of the incident, goalkeeper Khalid Essa made super stops to keep his side in front. First, the Al Ain captain tipped around the post Asahi Uenaka’s curled shot from the edge of the area; minutes later, Essa thwarted Takuya Kida with another acrobatic save, the ball then spinning into the air and bouncing on top of the crossbar.

Yet the Marinos eventually pulled level. On 72 minutes, Yan Matheus cut in from the left and sent a perfect cross into the Al Ain area, leaving Uenaka to head home from close range.

With five minutes remaining, the hosts snatched the win. Substitute Kouta Watanabe deflected home Ryo Miyaichi’s shot at the back post but was quickly flagged for offside. However, following a lengthy VAR review, the goal was allowed.

Contesting their first Champions League final, the Marinos will take a slender lead to Al Ain’s Hazza bin Zayed Stadium on May 25.

Al Ain train for ACL final first leg - in pictures

  • Soufiane Rahimi smiles as Al Ain train ahead of the Asian Champions League final, first leg. All pictures by Chris Whiteoak / The National
    Soufiane Rahimi smiles as Al Ain train ahead of the Asian Champions League final, first leg. All pictures by Chris Whiteoak / The National
  • Manager Hernan Crespo looks on as his players train at the Nissan Stadium, Yokohama.
    Manager Hernan Crespo looks on as his players train at the Nissan Stadium, Yokohama.
  • Ahmed Barman, centre, gets involved in a rondo during training.
    Ahmed Barman, centre, gets involved in a rondo during training.
  • Al Ain players look in relaxed mood during training on the eve of the Asian Champions League final.
    Al Ain players look in relaxed mood during training on the eve of the Asian Champions League final.
  • Al Ain players smile and joke during a light session at the Nissan Stadium, Yokohama.
    Al Ain players smile and joke during a light session at the Nissan Stadium, Yokohama.
  • Ahmed Barman shares a joke with teammates.
    Ahmed Barman shares a joke with teammates.
  • Park Yong-woo calls for the ball.
    Park Yong-woo calls for the ball.
  • Mohammed Abbas in action during training in Yokohama.
    Mohammed Abbas in action during training in Yokohama.
  • Kaku gets involved in a shooting drill.
    Kaku gets involved in a shooting drill.
  • Al Ain players in a huddle at training on the eve of the Asian Champions League final, first leg.
    Al Ain players in a huddle at training on the eve of the Asian Champions League final, first leg.
Racecard

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m

57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Results

6.30pm: Maiden Dh165,000 (Dirt) 1,200m

Winner: Barack Beach, Richard Mullen (jockey), Satish Seemar (trainer).

7.05pm: Handicap Dh170,000 (D) 1,200m

Winner: Way Of Wisdom, Connor Beasley, Satish Seemar.

7.40pm: Maiden Dh165,000 (D) 1,900m

Winner: Woodditton, Connor Beasley, Ahmad bin Harmash.

8.15pm: Handicap Dh185,000 (D) 2,000m

Winner: Secret Trade, Sandro Paiva, Ali Rashid Al Raihe.

8.50pm: Handicap Dh185,000 (D) 1,600m

Winner: Mark Of Approval, Antonio Fresu, Mahmood Hussain.

9.25pm: Handicap Dh165,000 (D) 2,000m

Winner: Tradesman, Pat Dobbs, Doug Watson.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
%3Cp%3E%3Cstrong%3EJuly%205%2C%201994%3A%3C%2Fstrong%3E%20Jeff%20Bezos%20founds%20Cadabra%20Inc%2C%20which%20would%20later%20be%20renamed%20to%20Amazon.com%2C%20because%20his%20lawyer%20misheard%20the%20name%20as%20'cadaver'.%20In%20its%20earliest%20days%2C%20the%20bookstore%20operated%20out%20of%20a%20rented%20garage%20in%20Bellevue%2C%20Washington%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%2016%2C%201995%3A%3C%2Fstrong%3E%20Amazon%20formally%20opens%20as%20an%20online%20bookseller.%20%3Cem%3EFluid%20Concepts%20and%20Creative%20Analogies%3A%20Computer%20Models%20of%20the%20Fundamental%20Mechanisms%20of%20Thought%3C%2Fem%3E%20becomes%20the%20first%20item%20sold%20on%20Amazon%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1997%3A%3C%2Fstrong%3E%20Amazon%20goes%20public%20at%20%2418%20a%20share%2C%20which%20has%20grown%20about%201%2C000%20per%20cent%20at%20present.%20Its%20highest%20closing%20price%20was%20%24197.85%20on%20June%2027%2C%202024%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E1998%3A%3C%2Fstrong%3E%20Amazon%20acquires%20IMDb%2C%20its%20first%20major%20acquisition.%20It%20also%20starts%20selling%20CDs%20and%20DVDs%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2000%3A%3C%2Fstrong%3E%20Amazon%20Marketplace%20opens%2C%20allowing%20people%20to%20sell%20items%20on%20the%20website%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2002%3A%3C%2Fstrong%3E%20Amazon%20forms%20what%20would%20become%20Amazon%20Web%20Services%2C%20opening%20the%20Amazon.com%20platform%20to%20all%20developers.%20The%20cloud%20unit%20would%20follow%20in%202006%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2003%3A%3C%2Fstrong%3E%20Amazon%20turns%20in%20an%20annual%20profit%20of%20%2475%20million%2C%20the%20first%20time%20it%20ended%20a%20year%20in%20the%20black%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2005%3A%3C%2Fstrong%3E%20Amazon%20Prime%20is%20introduced%2C%20its%20first-ever%20subscription%20service%20that%20offered%20US%20customers%20free%20two-day%20shipping%20for%20%2479%20a%20year%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2006%3A%3C%2Fstrong%3E%20Amazon%20Unbox%20is%20unveiled%2C%20the%20company's%20video%20service%20that%20would%20later%20morph%20into%20Amazon%20Instant%20Video%20and%2C%20ultimately%2C%20Amazon%20Video%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2007%3A%3C%2Fstrong%3E%20Amazon's%20first%20hardware%20product%2C%20the%20Kindle%20e-reader%2C%20is%20introduced%3B%20the%20Fire%20TV%20and%20Fire%20Phone%20would%20come%20in%202014.%20Grocery%20service%20Amazon%20Fresh%20is%20also%20started%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2009%3A%3C%2Fstrong%3E%20Amazon%20introduces%20Amazon%20Basics%2C%20its%20in-house%20label%20for%20a%20variety%20of%20products%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2010%3A%3C%2Fstrong%3E%20The%20foundations%20for%20Amazon%20Studios%20were%20laid.%20Its%20first%20original%20streaming%20content%20debuted%20in%202013%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2011%3A%3C%2Fstrong%3E%20The%20Amazon%20Appstore%20for%20Google's%20Android%20is%20launched.%20It%20is%20still%20unavailable%20on%20Apple's%20iOS%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2014%3A%3C%2Fstrong%3E%20The%20Amazon%20Echo%20is%20launched%2C%20a%20speaker%20that%20acts%20as%20a%20personal%20digital%20assistant%20powered%20by%20Alexa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2017%3A%3C%2Fstrong%3E%20Amazon%20acquires%20Whole%20Foods%20for%20%2413.7%20billion%2C%20its%20biggest%20acquisition%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E2018%3A%3C%2Fstrong%3E%20Amazon's%20market%20cap%20briefly%20crosses%20the%20%241%20trillion%20mark%2C%20making%20it%2C%20at%20the%20time%2C%20only%20the%20third%20company%20to%20achieve%20that%20milestone%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

UAE currency: the story behind the money in your pockets
THE%20SWIMMERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESally%20El-Hosaini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ENathalie%20Issa%2C%20Manal%20Issa%2C%20Ahmed%20Malek%20and%20Ali%20Suliman%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

While you're here
HOW TO WATCH

Facebook: TheNationalNews 

Twitter: @thenationalnews 

Instagram: @thenationalnews.com 

TikTok: @thenationalnews   

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

And%20Just%20Like%20That...
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Various%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Sarah%20Jessica%20Parker%2C%20Cynthia%20Nixon%2C%20Kristin%20Davis%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
UK%20record%20temperature
%3Cp%3E38.7C%20(101.7F)%20set%20in%20Cambridge%20in%202019%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Brief scores:

England: 290 & 346

Sri Lanka: 336 & 243

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A

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.”

Mobile phone packages comparison
Updated: May 11, 2024, 2:22 PM