Manchester City's Rodri receives the 2024 Men's Ballon d'Or at Theatre du Chatelet in Paris, Monday, October 28, 2024. AP
Manchester City's Rodri receives the 2024 Men's Ballon d'Or at Theatre du Chatelet in Paris, Monday, October 28, 2024. AP
Manchester City's Rodri receives the 2024 Men's Ballon d'Or at Theatre du Chatelet in Paris, Monday, October 28, 2024. AP
Manchester City's Rodri receives the 2024 Men's Ballon d'Or at Theatre du Chatelet in Paris, Monday, October 28, 2024. AP

Pep Guardiola: Rodri's Ballon d'Or is a milestone for Manchester City


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Manchester City manager Pep Guardiola says that Rodri winning the Ballon d'Or is a great source of pride for everyone at the club.

The City midfielder, currently sidelined for the rest of the current campaign with an ACL injury, won the prestigious award for his exploits last season.

Rodri won the 2023/24 Premier League with City and was player of the tournament as Spain lifted Euro 2024. He received the award at a glittering ceremony in Paris on Monday night and in doing so became the first ever City player to win the Ballon d'Or.

The pre-award favourite Vinicius Jr came in second with both him and his club Real Madrid choosing to boycott the event as a result.

Speaking ahead of City's League Cup trip to Tottenham Hotspur on Wednesday night, Guardiola said the award was another marker of their progress.

"What can I say? First, to congratulate him and all his family and their friends, it's incredible news for him and for all of us," said the Catalan coach.

"All Manchester City, our fans, we are so proud of him. We could never have imagined this years ago, that one [City] player could receive this prestigious award.

"We are so delighted to share it with him and hopefully, it can give him energy to recover well for next season and be with us again."

Pep Guardiola says Rodri is a worthy winner of the Ballon d'Or. Reuters
Pep Guardiola says Rodri is a worthy winner of the Ballon d'Or. Reuters

Guardiola, himself a former defensive midfielder who won 47 caps for the Spain national team, said it was refreshing to see a rare instance of a midfielder claiming the prize, and said the Ballon d'Or is now wide open after years of domination by Lionel Messi and Cristiano Ronaldo.

Asked about a holding midfielder winning, he said: "Why not? Central defenders have won it in the past. It is normal, forwards score the goals and do the incredible actions. [Lionel] Messi and Cristiano [Ronaldo] have been unbelievable, they were another level.

"Now, it is narrower. Everyone can win it. That will happen when people are allowed to vote, you have to accept the result, simple. Tomorrow is another game, another season - you try to do it again. In sport, you lose more than you win. It teaches you a lot.

"Rodri made an incredible speech," Guardiola added. "He spoke about family, Man City and Spanish football. In the last decade, Spanish football has made such a difference – they've won a World Cup, a Euros - and Spain were never able to win this award before.

"Their importance in the last 10 or 15 years has been so important. I remember once we nominated three players from La Masia. Xavi and Iniesta couldn't win it because Messi's a monster and nobody could beat him – just Cristiano [Ronaldo]. He's a monster and the father of the monster is Messi."

Asked about Real Madrid's headline-grabbing snub of the ceremony, the City manager issued a reminder that the award is voted for by journalists from around the world, not decided by committee.

"It's up to [Real Madrid]. If they want to congratulate, that's fine. If not, that's fine as well. At Manchester City, we are not here to judge other clubs on what they decide they have to do," said Guardiola.

"Last season for example, Erling [Haaland] won the treble, scored more than 50 goals. I said to him 'just being there, you have to be so happy'. I said the same to Rodri. If you are in the first two, three or four, it's exceptional. You have to be so satisfied.

"Last season, should Erling have won? Yes. Should Messi have won? Yes. It's not important [who wins]. It represents that you and your teammates have done something really nice that season.

"Should it be Vinicius? Maybe. It's [voted by] journalists, you know, not an elite group of people who decide. It's [people] all around the world that votes, not just one country. There are different opinions, and that's what makes football nice, no?"

Meanwhile, speaking for the first time since rivals Manchester United sacked manager Erik ten Hag, Guardiola tipped the Dutch coach to come back stronger.

"I feel very sorry for him," he said. "It's one of the best jobs in football. There's only us, it's not teachers or architects or something like that.

"I wish him all the best and he will come back stronger. If the results aren't good enough, you get sacked. No-one is different, myself included."

Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press

T20 World Cup Qualifier

Final: Netherlands beat PNG by seven wickets

Qualified teams

1. Netherlands
2. PNG
3. Ireland
4. Namibia
5. Scotland
6. Oman

T20 World Cup 2020, Australia

Group A: Sri Lanka, PNG, Ireland, Oman
Group B: Bangladesh, Netherlands, Namibia, Scotland

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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AT%20A%20GLANCE
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ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

Premier Futsal 2017 Finals

Al Wasl Football Club; six teams, five-a-side

Delhi Dragons: Ronaldinho
Bengaluru Royals: Paul Scholes
Mumbai Warriors: Ryan Giggs
Chennai Ginghams: Hernan Crespo
Telugu Tigers: Deco
Kerala Cobras: Michel Salgado

TICKETS

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

KEY%20DATES%20IN%20AMAZON'S%20HISTORY
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THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

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: October 29, 2024, 4:49 PM