It’s the kind of grand entrance a new signing dreams of. A full, raucous stadium. A loud, guttural cheer from 60,000-odd as the debutant takes his first steps in his new jersey.
It’s a particular jersey, too, the number nine at Olympique Marseille. It’s one that has weighed notoriously heavily on many in the past. It’s one some strikers have quickly discarded because of the pressure it carries.
Amine Gouiri is the third different player already this season to be assigned OM’s number nine. But on the evidence of his first half-hour in it, it’s a good fit.
The Algeria striker joined from Rennes for €22 million in the last week of January, the closing phase of a winter transfer market especially animated by the movements of footballers from the Mena region.
Most, like Gouiri, have upgraded, invited to take on major responsibilities. For Egypt’s Omar Marmoush, that means galvanising a Manchester City season that has fallen spectacularly short of the club’s established standards.
For Jordan’s Mousa Al Tamari, it’s being asked to lift Rennes clear of the wrong end of France’s Ligue 1, where his previous club Montpellier have been struggling for a while.
Al Tamari has the added burden of filling some of the gaps left at Rennes by 24-year-old Gouiri’s departure.
The new Marseille number nine was rushed into action, less than 48 hours after completing the formalities of his transfer.
His new club had just sold Elye Wahi, an OM striker for less than six months, to Eintracht Frankfurt – where Wahi is replacing, in effect, Marmoush – and a portion of the fee was channeled directly into sealing the Gouiri deal.
He was immediately named on manager Roberto de Zerbi’s bench for Sunday’s visit of Olympique Lyonnais, the club where, aged 17, Gouiri made his professional bow.
“It all happened very quickly,” he said. “I had half a training session and was put straight into the squad for a very special game. I felt very proud, everything seemed right for things to go well.”
There was an immediate connection with De Zerbi, Marseille’s respected, innovative coach. “He was one the reasons I wanted to come to Marseille,” said Gouiri. “He has a specific way of playing and I can see myself in that system, that it suits my qualities.”
He means operating a mobile centre-forward, with licence to exploit space in wide and deeper areas as well as act as a target man.
“The coach mostly sees me in the number nine role,” explained Gouiri, “but he doesn't just want me to stay in the opposition penalty box.”
“He gives us a better level of technique,” enthused De Zerbi of his new striker, “he’s quick, unpredictable, hard for opponents to read.”
He’s been decisive already. When De Zerbi brought on Gouiri to the noisy applause of OM supporters at the Stade Velodrome, they were trailing Lyon 1-0 with 58 minutes gone of the French weekend’s standout fixture.
Within three minutes, Gouiri, attacking from the left, had set up an equaliser. Marseille won 3-2, maintaining their position as Paris Saint-Germain’s closest pursuers, albeit at a distance of 10 points, in Ligue 1.
The following evening, with the transfer window about to close in France, a celebrated compatriot had also arrived to join Gouiri in Marseille, a city whose diverse population includes an estimated 150,000 people of Algerian heritage.
The football club likes to imagine that, despite PSG’s serial successes domestically since they came under Qatari ownership 14 years ago, they have a fan base nearly equal in size to PSG’s.
This second major coup of a busy winter window for Marseille’s sporting director, Medhi Benatia, was the capture, on loan but with an option for a permanent deal, of Ismael Bennacer from AC Milan.
Recently returned from a long-term injury, the 27-year-old was Player of the Tournament when Algeria won the Africa Cup of Nations in 2019 and a Serie A winner in 2021/22.
“His qualities suit De Zerbi,” said Marseille president Pablo Longoria ahead of Bennacer’s unveiling, scheduled for Wednesday.
The alliance – and, Algeria will hope, a developing on-the-pitch complicity – between Bennacer and Gouiri should benefit the national team, resurgent after successive disappointments in the last two Africa Cup of Nations.
Gouiri struck four goals in Algeria’s six qualifying games for the next Afcon, to take place in Morocco in December, while Bennacer’s return to fitness and with a new role in an enterprising Marseille midfield will be welcomed by Algeria manager Vladimir Petkovic.
There will be curiosity, too, about how the Algeria winger Said Benrahma fares, having also moved in the winter window, on loan from Lyon to ambitious Saudi Arabian club, Neom.
The Bennacer deal – a transfer Benatia, the former Morocco international, had previously explored last summer – was completed with little time to spare before the window shut in most of Europe, closing the circle of various ins and outs.
With Al Tamari moving into the vacancy created by Gouiri’s leaving Rennes, Montpellier reached out to Algerian veteran Andy Delort, who in September had joined Mouloudia of Algiers.
If a feature of last summer’s transfer market was the movement of senior Algeria players from Europe to North Africa, a trend this winter has been cutting those deals short.
Delort is now back in France’s top division, where he has spent much of his zigzag career.
Islam Slimani, the 36-year-old striker who five months ago made an emotional return to the first club of his senior career, Belouizdad, has meanwhile made Westerlo of Belgium the 13th different employer of his long professional timeline.
The costliest single deal so far of the winter window – it remains open in some countries – came from the big-spending Saudi Pro League, the €77m that took striker Jhon Duran from Aston Villa to Al Nassr.
Marmoush has commanded the largest fee for a transfer within Europe, City committing around €75m to Eintracht for the Egyptian.
Marmoush was promoted directly to the starting XI. But after a promising win against Chelsea, he endured Sunday’s chastening 5-1 defeat at Arsenal.
Not every newcomer can expect the sort of thrilling instant impact that has launched Gouiri’s Marseille adventure.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
Thor%3A%20Love%20and%20Thunder%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Taika%20Waititi%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Chris%20Hemsworth%2C%20Natalie%20Portman%2C%20Christian%20Bale%2C%20Russell%20Crowe%2C%20Tessa%20Thompson%2C%20Taika%20Waititi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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SPECS
%3Cp%3E%0D%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20750hp%20at%207%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20800Nm%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%207%20Speed%20dual-clutch%20auto%0D%0D%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20332kph%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%2012.2L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EYear%20end%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C430%2C000%20(coupe)%3B%20From%20Dh1%2C566%2C000%20(Spider)%3C%2Fp%3E%0A
Engine: 3.5-litre V6
Transmission: eight-speed automatic
Power: 290hp
Torque: 340Nm
Price: Dh155,800
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
Top Hundred overseas picks
London Spirit: Kieron Pollard, Riley Meredith
Welsh Fire: Adam Zampa, David Miller, Naseem Shah
Manchester Originals: Andre Russell, Wanindu Hasaranga, Sean Abbott
Northern Superchargers: Dwayne Bravo, Wahab Riaz
Oval Invincibles: Sunil Narine, Rilee Rossouw
Trent Rockets: Colin Munro
Birmingham Phoenix: Matthew Wade, Kane Richardson
Southern Brave: Quinton de Kock
Men from Barca's class of 99
Crystal Palace - Frank de Boer
Everton - Ronald Koeman
Manchester City - Pep Guardiola
Manchester United - Jose Mourinho
Southampton - Mauricio Pellegrino
Closing the loophole on sugary drinks
As The National reported last year, non-fizzy sugared drinks were not covered when the original tax was introduced in 2017. Sports drinks sold in supermarkets were found to contain, on average, 20 grams of sugar per 500ml bottle.
The non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
Flavoured water, long-life fruit juice concentrates, pre-packaged sweetened coffee drinks fall under the ‘sweetened drink’ category
Not taxed:
Freshly squeezed fruit juices, ground coffee beans, tea leaves and pre-prepared flavoured milkshakes do not come under the ‘sweetened drink’ band.
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.”
Fanney Khan
Producer: T-Series, Anil Kapoor Productions, ROMP, Prerna Arora
Director: Atul Manjrekar
Cast: Anil Kapoor, Aishwarya Rai, Rajkummar Rao, Pihu Sand
Rating: 2/5
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059