New Leicester City manager Ruud van Nistelrooy admitted he was “astonished” at options that arose from his short stint as interim coach at Manchester United.
Van Nistelrooy takes charge of his first game since replacing the sacked Steve Cooper on Tuesday night when the Foxes take on West Ham United at the King Power Stadium.
The Dutch coach was in the stands alongside Leicester chairman Aiyawatt Srivaddhanaprabha at the Gtech Stadium on Saturday to see his new side thumped 4-1 by Brentford, when Ben Dawson was in charge for one game only.
Van Nistelrooy had just finished an interim role of his own when he took over the Old Trafford hot seat for four games following the sacking of compatriot Erik ten Hag.
During that spell, United remained unbeaten, winning three matches including twice defeating future club Leicester – 5-2 in the League Cup last-16 and 3-0 in the Premier League.
The 48-year-old had been keen to remain at the club where he scored 150 goals as a prolific striker only for incoming manager Ruben Amorim to decide against keeping Van Nistelrooy on as part of his backroom team.
But the stint at United certainly appears to have done him no harm and he admitted to being surprised by the opportunities that quickly came along as a result.
“What happened after the games and the amount of interest all of a sudden was there for me and the options which came along, I was astonished by it,” admitted Van Nistelrooy in his first press conference as manager on Monday.
“It was four games, I managed a full season at PSV, won a cup and the charity shield. I'd been in coaching with the Under-19s and the national team.
“I never got this reaction from the football world. I was happy with that. I was then able to talk to different parties and make a decision.
“It was a good period. It was short and intense but I was happy to help and steady the ship.”
Cooper had only replaced Enzo Maresca as manager in the summer after the Italian left for Chelsea having guided the Foxes to the second-tier title and promotion back to the top-flight in his one season in charge.
But the former manager of Midlands rivals Nottingham Forest failed to win over Leicester fans and, according to UK media reports, the players themselves, and was relieved of his duties after just 12 games with the club two points outside the drop zone.
Before accepting the call to take over from Cooper, Van Nistelrooy revealed he had spoken to the man that had led the club to such an impressive promotion from the Championship and who has made a positive start to his reign at Chelsea.
“When the first approach was there, you are going to think about the club, the set-up, the players, the training ground,” he said. “You're curious about the people who work there and Enzo, being a great friend and former teammate, he was the first one to call. What better information could I get?
“When we played against each other in the Premier League – when I was Manchester United interim boss against Chelsea [which finished 1-1] – we spoke for half an hour.
“I didn't know yet about Leicester but we spoke about it and he was already very positive [after managing them]. That only got better when I spoke to him. I have to say he was absolutely right, according to first impressions.”
First up for Van Nistelrooy are a West Ham side who are struggling themselves under a coach who arrived only in the summer in Julen Lopetegui and who suffered a heavy defeat of their own at the weekend – a 5-2 home demolition by Arsenal.
But having only met his squad for the first time on Sunday, he has had little time to try to affect the atmosphere at a club described as “being in a dark place” by defender Conor Coady at the weekend.
“I had a meeting with the players and it was the first thing to address,” added Van Nistelrooy, whose new team sit one point and two places above the relegation zone. “The situation we're in, the challenge that we face, and what's necessary to get out of that situation.
“In two days it's difficult to make a lot of changes, but we have started to make changes in the style of play, training sessions, structure, little by little starting to build a foundation of a highly motivated team who can compete in this league.”
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
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.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
COMPANY%20PROFILE
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COMPANY%20PROFILE
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Gulf Under 19s
Pools
A – Dubai College, Deira International School, Al Ain Amblers, Warriors
B – Dubai English Speaking College, Repton Royals, Jumeirah College, Gems World Academy
C – British School Al Khubairat, Abu Dhabi Harlequins, Dubai Hurricanes, Al Yasmina Academy
D – Dubai Exiles, Jumeirah English Speaking School, English College, Bahrain Colts
Recent winners
2018 – Dubai College
2017 – British School Al Khubairat
2016 – Dubai English Speaking School
2015 – Al Ain Amblers
2014 – Dubai College
The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
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'I Want You Back'
Director:Jason Orley
Stars:Jenny Slate, Charlie Day
Rating:4/5
Why does a queen bee feast only on royal jelly?
Some facts about bees:
The queen bee eats only royal jelly, an extraordinary food created by worker bees so she lives much longer
The life cycle of a worker bee is from 40-60 days
A queen bee lives for 3-5 years
This allows her to lay millions of eggs and allows the continuity of the bee colony
About 20,000 honey bees and one queen populate each hive
Honey is packed with vital vitamins, minerals, enzymes, water and anti-oxidants.
Apart from honey, five other products are royal jelly, the special food bees feed their queen
Pollen is their protein source, a super food that is nutritious, rich in amino acids
Beewax is used to construct the combs. Due to its anti-fungal, anti-bacterial elements, it is used in skin treatments
Propolis, a resin-like material produced by bees is used to make hives. It has natural antibiotic qualities so works to sterilize hive, protects from disease, keeps their home free from germs. Also used to treat sores, infection, warts
Bee venom is used by bees to protect themselves. Has anti-inflammatory properties, sometimes used to relieve conditions such as rheumatoid arthritis, nerve and muscle pain
Honey, royal jelly, pollen have health enhancing qualities
The other three products are used for therapeutic purposes
Is beekeeping dangerous?
As long as you deal with bees gently, you will be safe, says Mohammed Al Najeh, who has worked with bees since he was a boy.
“The biggest mistake people make is they panic when they see a bee. They are small but smart creatures. If you move your hand quickly to hit the bees, this is an aggressive action and bees will defend themselves. They can sense the adrenalin in our body. But if we are calm, they are move away.”
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
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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.
Honeymoonish
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The%20Mother%20
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The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates