Erik ten Hag said critics should just him at the end of the season after seeing his Manchester United side squander a two-goal lead and need an injury-time Harry Maguire goal to rescue a point against Porto on Thursday.
The Dutchman was already under huge pressure going into the Europa League match in Portugal after just two wins from United's first six Premier League fixtures of the season left them languishing in 13th place in the table.
The Red Devils have also drawn their opening two Europa League games to sit 21st in the 36-team table.
"We will get there, don't judge us in this moment," said Ten Hag. "Judge us in the end of the season. We will improve, we have two seasons where we achieved finals. Just wait, we will develop and progress this team."
Ten Hag can indeed point to two trophies in his two seasons at Old Trafford, winning the League Cup in 2023 to end a six-year trophy drought and adding the FA Cup last term.
A shock victory over Manchester City in last season's FA Cup final was widely credited with saving his job despite finishing eighth in the Premier League.
He was rewarded with a contract extension in July, with United's new minority owner Jim Ratcliffe convinced that the former Ajax manager was the right man to restore the club to former glories.
But the United hierarchy could be forced to act in the upcoming international break after they travel to face Aston Villa in the Premier League on Sunday.
Ten Hag could not have asked for a better start in Porto as goals from Marcus Rashford and Rasmus Hojlund put United 2-0 up inside 20 minutes
However, the English giants have failed to win any of their last four away European games despite scoring three times in each of them.
Last season they crashed out of the Champions League at the group stages after losing 4-3 at Bayern Munich and Copenhagen plus a 3-3 draw at Galatasaray.
Another six-goal thriller took place at the Estadio do Dragao as Pepe and Samu Omorodion brought Porto level before half time.
Omorodion smashed the home side in front early in the second half before United captain Bruno Fernandes was sent off for the second consecutive game.
But Maguire's header from a corner at least salvaged a point for Ten Hag.
“I think it’s mixed feelings,” said the United boss. “When you are winning a game … we all know this is a very tough place to go and then you start so well, the players executed the plan, I would say, brilliantly.
“We scored two great goals and then we switch it off and we don’t keep so much possession as before. Defending we’re switching off.
“We concede the first goal totally unnecessarily and then you know when you light up the fire in this stadium, in this ambience, then it’s becomes really tough.
“We addressed it in a half time and then you concede the third one, so unnecessary. It’s not good defending again. It’s also to do with some willingness in such moments.
“But then I have to praise the guys for how they return in the game, how they fight, how we find a way to get the equaliser.
“It’s not only about in stopping time with a set play, but we also had beforehand some good chances.”
'Ange's Angels' shine for Tottenham
Ange Postecoglou saluted his four teenage starters after they helped Tottenham Hotspur to a hard-fought 2-1 victory at Ferencvaros.
Four players aged 19 or under were named in the Spurs line-up in Budapest with full debuts handed to academy graduates Mikey Moore and Will Lankshear, but the duo brushed off their inexperience to combine to set up Pape Sarr’s 23rd-minute opener.
Sarr scored amid a ferocious white-hot atmosphere at Groupama Arena and while Ferencvaros pushed the visitors, Tottenham substitute Brennan Johnson wrapped up the points with a smart finish in the 86th-minute to score for a fifth consecutive game.
Barnabas Varga reduced the deficit at the start of stoppage-time, but Postecoglou’s side, which had an average age of 23 after teenage pair Archie Gray and Lucas Bergvall also started, held on.
Asked if his youngsters could be called Ange’s Angels in reference to the Busby Babes and Fergie’s Fledglings, Postecoglou laughed: “Nah, nah, nah, nah, you’ve got to do better than that. No, no chance.
“The first thing is that they’re part of our first-team squad, not because I want some young players, it’s because they’ve earned that spot.
“Then it’s about how to help them develop and the moments we need to put them in there, the moments we need to hold off. And we can’t discount the fact that Archie is 18, Lucas is 18.
“I thought Archie was brilliant. We asked him to play in two different positions and it’s incredible how he just adjusts and he’s able to bring his game to wherever he put him.
“Lucas worked hard and Will was unlucky with a couple of moments when we could have got a goal.
“These guys are there because they’ve earnedtheir spot but they’re an important part of our development.
“Whilst we want to be a team that has an impact this year, it’s like I said before, it’s important we’re developing players along the way so that whatever sort of period of potential for success or opportunity for success exists, it’s elongated because of the young players you got through.”
UEFA CHAMPIONS LEAGUE FIXTURES
All kick-off times 10.45pm UAE ( 4 GMT) unless stated
Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid
Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona
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.”
Basquiat in Abu Dhabi
One of Basquiat’s paintings, the vibrant Cabra (1981–82), now hangs in Louvre Abu Dhabi temporarily, on loan from the Guggenheim Abu Dhabi.
The latter museum is not open physically, but has assembled a collection and puts together a series of events called Talking Art, such as this discussion, moderated by writer Chaedria LaBouvier.
It's something of a Basquiat season in Abu Dhabi at the moment. Last week, The Radiant Child, a documentary on Basquiat was shown at Manarat Al Saadiyat, and tonight (April 18) the Guggenheim Abu Dhabi is throwing the re-creation of a party tonight, of the legendary Canal Zone party thrown in 1979, which epitomised the collaborative scene of the time. It was at Canal Zone that Basquiat met prominent members of the art world and moved from unknown graffiti artist into someone in the spotlight.
“We’ve invited local resident arists, we’ll have spray cans at the ready,” says curator Maisa Al Qassemi of the Guggenheim Abu Dhabi.
Guggenheim Abu Dhabi's Canal Zone Remix is at Manarat Al Saadiyat, Thursday April 18, from 8pm. Free entry to all. Basquiat's Cabra is on view at Louvre Abu Dhabi until October
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
The%20specs
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press
MATCH INFO
Osasuna 1 Real Madrid 4
Osasuna: García (14')
Real Madrid: Isco (33'), Ramos (38'), Vázquez (84'), Jovic (90' 2)
Persuasion
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
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Jasmin Mujanović, Hurst Publishers
Uefa Champions League last 16 draw
Juventus v Tottenham Hotspur
Basel v Manchester City
Sevilla v Manchester United
Porto v Liverpool
Real Madrid v Paris Saint-Germain
Shakhtar Donetsk v Roma
Chelsea v Barcelona
Bayern Munich v Besiktas
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
UAE currency: the story behind the money in your pockets
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
One in four Americans don't plan to retire
Nearly a quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of ageing in the workforce.
Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.
According to the poll from The Associated Press-NORC Centre for Public Affairs Research, 23 per cent of workers, including nearly two in 10 of those over 50, don't expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday.
According to government data, about one in five people 65 and older was working or actively looking for a job in June. The study surveyed 1,423 adults in February this year.
For many, money has a lot to do with the decision to keep working.
"The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," says Anqi Chen, assistant director of savings research at the Centre for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement."
When asked how financially comfortable they feel about retirement, 14 per cent of Americans under the age of 50 and 29 per cent over 50 say they feel extremely or very prepared, according to the poll. About another four in 10 older adults say they do feel somewhat prepared, while just about one-third feel unprepared.
"One of the things about thinking about never retiring is that you didn't save a whole lot of money," says Ronni Bennett, 78, who was pushed out of her job as a New York City-based website editor at 63.
She searched for work in the immediate aftermath of her layoff, a process she describes as akin to "banging my head against a wall." Finding Manhattan too expensive without a steady stream of income, she eventually moved to Portland, Maine. A few years later, she moved again, to Lake Oswego, Oregon. "Sometimes I fantasise that if I win the lottery, I'd go back to New York," says Ms Bennett.
Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
- In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
- Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
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THE SPECS
BMW X7 xDrive 50i
Engine: 4.4-litre V8
Transmission: Eight-speed Steptronic transmission
Power: 462hp
Torque: 650Nm
Price: Dh600,000
THE SPECS
Touareg Highline
Engine: 3.0-litre, V6
Transmission: 8-speed automatic
Power: 340hp
Torque: 450Nm
Price: Dh239,312
