Robert Lewandowski has been in great form, scoring twice in Barcelona's 4-0 win over Real Madrid on October 26, 2024. EPA
Robert Lewandowski has been in great form, scoring twice in Barcelona's 4-0 win over Real Madrid on October 26, 2024. EPA
Robert Lewandowski has been in great form, scoring twice in Barcelona's 4-0 win over Real Madrid on October 26, 2024. EPA
Robert Lewandowski has been in great form, scoring twice in Barcelona's 4-0 win over Real Madrid on October 26, 2024. EPA

Barcelona look to open huge gap as Real Madrid match in Valencia postponed due to deadly flooding


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La Liga leaders Barcelona have the chance to move nine points clear of Real Madrid this weekend when they take on city rivals Espanyol in the Catalan derby.

Hansi Flick's side enter the derby with confidence sky high after thrashing Real Madrid 4-0 last week to open up a six-point lead over their arch rivals.

Madrid's game at Valencia has been postponed after deadly flooding in the region, along with nearby Villarreal's game against Rayo Vallecano.

The derby offers Barcelona a chance to flex their muscles in front of their home fans after romping past the champions at the Santiago Bernabeu last weekend.

Barca thrashed Bayern Munich 4-1 in the Uefa Champions League before that and Flick, who arrived this summer to replace Xavi at the helm, said the key to his team's form is the good atmosphere at the club.

Clasico player ratings

  • BARCELONA RATINGS: He’s unlikely to stay Barcelona’s ‘keeper for much longer, but great save from Bellingham on 14' – though Madrid’s move was offside. Denied Mbappe three times as Barca opened a six-point gap at the top. Top performance. Booked. AP
    BARCELONA RATINGS: He’s unlikely to stay Barcelona’s ‘keeper for much longer, but great save from Bellingham on 14' – though Madrid’s move was offside. Denied Mbappe three times as Barca opened a six-point gap at the top. Top performance. Booked. AP
  • Complained – rightly – to Raphinha when he didn’t pass to him in space in a rare first half chance. But what a night in his manager’s first clasico. Stunning cross for Lewandowski’s headed goal. AP
    Complained – rightly – to Raphinha when he didn’t pass to him in space in a rare first half chance. But what a night in his manager’s first clasico. Stunning cross for Lewandowski’s headed goal. AP
  • Comfortable in the Catalans' extremely high defensive line which caught Madrid offside seven times in the first half – Mbappe was offside in six of them. Madrid were offside 12 times in total, Barcelona just one. Booked. Getty Images
    Comfortable in the Catalans' extremely high defensive line which caught Madrid offside seven times in the first half – Mbappe was offside in six of them. Madrid were offside 12 times in total, Barcelona just one. Booked. Getty Images
  • Confident enough to play Madrid offside in tight circumstances as Barca’s offside trap worked perfectly. No team uses the offside as a weapon like Flick’s side – and they use it decisively. AFP
    Confident enough to play Madrid offside in tight circumstances as Barca’s offside trap worked perfectly. No team uses the offside as a weapon like Flick’s side – and they use it decisively. AFP
  • The right back started slowly and was bullied by Camavinga and Mbappe but then settled and played his part in the Catalans offside masterclass. Booked for a late flip on Vinicius. Getty Images
    The right back started slowly and was bullied by Camavinga and Mbappe but then settled and played his part in the Catalans offside masterclass. Booked for a late flip on Vinicius. Getty Images
  • His pass split Madrid defence and found Lewandowski to open the scoring as Madrid’s 42 game unbeaten run came to an end. Booked. Getty Images
    His pass split Madrid defence and found Lewandowski to open the scoring as Madrid’s 42 game unbeaten run came to an end. Booked. Getty Images
  • Tenacious, winning the ball back – before he went down with a twisted ankle on 23'. Jumped up to shoot on target on 28'. Moved into the more advanced role to replace Fermin for the second half. Then he dropped again when Olmo came on. Getty Images
    Tenacious, winning the ball back – before he went down with a twisted ankle on 23'. Jumped up to shoot on target on 28'. Moved into the more advanced role to replace Fermin for the second half. Then he dropped again when Olmo came on. Getty Images
  • Barca’s first shot on target after 12'. Got the third, a right foot rising finish from a tight angle on 78' – his first clasico goal. Such confidence to try anything at such a young age. Unstoppable. AP
    Barca’s first shot on target after 12'. Got the third, a right foot rising finish from a tight angle on 78' – his first clasico goal. Such confidence to try anything at such a young age. Unstoppable. AP
  • Only 16 touches in the first half – low for a central player and he was replaced by De Jong at the break. Missed out on the goal fest: Barcelona’s goal difference is +27, Madrid’s is +10. Barcelona have score 21 in their last five games. Getty Images
    Only 16 touches in the first half – low for a central player and he was replaced by De Jong at the break. Missed out on the goal fest: Barcelona’s goal difference is +27, Madrid’s is +10. Barcelona have score 21 in their last five games. Getty Images
  • No hat-trick like he did against Bayern but another top performance. Shot well over on 20' when he could have played Balde in. Physically strong, never stopped running – Barca run more under Flick. Helped Barca counter, set up Lewandowski. Then he got the fourth. AP
    No hat-trick like he did against Bayern but another top performance. Shot well over on 20' when he could have played Balde in. Physically strong, never stopped running – Barca run more under Flick. Helped Barca counter, set up Lewandowski. Then he got the fourth. AP
  • Aged 36, La Liga’s top scorer was tightly marked and had limited service in the first half (just nine touches), but he put his side ahead on 53', staying onside to score from 20 yards – his 13th goal of the season. Then he made it 2-0 two minutes later, a header. Hit the post on 65', then blasted a chance over on 68'. Impeccable timing in his positioning. Reuters
    Aged 36, La Liga’s top scorer was tightly marked and had limited service in the first half (just nine touches), but he put his side ahead on 53', staying onside to score from 20 yards – his 13th goal of the season. Then he made it 2-0 two minutes later, a header. Hit the post on 65', then blasted a chance over on 68'. Impeccable timing in his positioning. Reuters
  • SUBS: De Jong (Fermin, HT). More involved than Fermin as Barca’s confidence grew. An effective sub against Bayern and Madrid – two incredible results for Barcelona. AP
    SUBS: De Jong (Fermin, HT). More involved than Fermin as Barca’s confidence grew. An effective sub against Bayern and Madrid – two incredible results for Barcelona. AP
  • (Casado 64') Needed. Linked better, improved his side. Goalkeeper Pena said that Barcelona should have been weaker in the second half after Wednesday’s efforts. They were stronger. EPA
    (Casado 64') Needed. Linked better, improved his side. Goalkeeper Pena said that Barcelona should have been weaker in the second half after Wednesday’s efforts. They were stronger. EPA
  • (Pedri 86') The seventh Barcelona player aged 21 and under. EPA
    (Pedri 86') The seventh Barcelona player aged 21 and under. EPA

"When I started with my team, and all the experts, and [sporting director] Deco and the president [Joan Laporta], we said we have to build an atmosphere where the players can show their best performance," explained the coach after thrashing Madrid.

"The atmosphere is really good and the mentality in the team is really outstanding."

Barcelona have won 10 matches in La Liga and lost just once in their first 11 games, as well as inflicting Madrid's first defeat in the Spanish top flight in over a year.

Flick's players are thriving under the German, with veteran striker Robert Lewandowski in sensational form up front, flanked by teenage star Lamine Yamal and Raphinha in the form of his career.

Only two teams have conceded more than Espanyol in La Liga and their visit to the Olympic stadium offers Barcelona a chance to keep adding to their table-topping tally of 37 goals scored.

Lewandowski, 36, struck twice in the Clasico and has 14 league goals. The forward looks back to his best after struggling to make an impact last season.

Flick operates with a high defensive line which appears risky at times but helped them defeat both Bayern and Spanish and European champions Madrid.

"We keep going with our idea, we have a flow at the moment and we have to keep going," said Flick.

"[The strategy] looks dangerous, but it's not dangerous."

Espanyol, 17th, usually relish the chance to cause trouble for their city rivals but Barcelona's ruthless form makes this derby an especially daunting challenge.

Former Espanyol president Joan Collet, who led the club between 2012 and 2016, was especially pessimistic.

"Unfortunately I see very little chance of winning, I will not think about or watch the match," he told Radio Despi.

"I will disappear off the map, I will turn off my phone and when it's over I will see what happened.

"It's not that I have no hope, it's that they've taken all my hope away."

Elsewhere Atletico Madrid, fourth, will look to arrest their recent slump at home against lowly Las Palmas, who are 18th.

PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

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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

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

TWISTERS

Director: Lee Isaac Chung

Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos

Rating: 2.5/5

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

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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.”

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Updated: November 01, 2024, 6:30 AM