It is less than a year since Liverpool ended their long wait for a win over fellow European heavyweights Real Madrid in the Uefa Champions League.
Following 15 years and eight failed attempts, goals from Alexis Mac Allister and Cody Gakpo sealed a 2-0 victory that maintained Arne Slot's remarkable start at Anfield after replacing Jurgen Klopp as manager.
It was the Dutchman's 17th win in 19 matches across all competitions in what was the latest dramatic European night on Merseyside that saw Real attacker Kylian Mbappe and Liverpool's Mohamed Salah each miss a penalty.
On Tuesday, the two sides clash again but with both clubs having undergone major – if differing – overhauls over the summer.
Having guided Liverpool to a record-equalling 20th English top-flight title, Slot has found life a whole lot tougher this campaign.
There has been a revolving door of exits and arrivals at Anfield with (according to transfermarkt.com) €482.9m spent on 15 new players and €219.5m recouped with 12 heading out for pastures new, as the squad moved on from the Klopp era.
Liverpool have also had to deal with the shocking attack on fans during title celebrations in the city, as well as the tragic death of Portuguese attacker Diogo Jota in a car accident which both cast a dark shadow over the club.
On the pitch, the new signings are taking time to gel. Only French striker Hugo Ekitike can be deemed a success so far, with British record signing Alexander Isak, playmaker Florian Wirtz, plus full-backs Milos Kirkez and Jeremie Frimpong all struggling for form and/or fitness.
Such turnover of staff was inevitably going to have an impact, but few would have expected the six defeats in seven matches across all competitions the team have just endured.
For the first time in his reign, questions are being asked of Slot – and two club legends in captain Virgil van Dijk, 34, and attacking talisman Salah, 33.
Both signed lucrative new deals in the summer but have not enjoyed the most auspicious of starts to the season. It has left observers wondering if Father Time is finally catching up with the storied duo.
There was relief on Saturday as Aston Villa were dispatched 2-0 as Van Dijk helped secure a much-needed clean-sheet and Salah scored his 250th goal for the club.
Captain Van Dijk was bullish after the match. “What I've noticed over the last few weeks is that there's a lot of noise that you have no control over and we have to deal with that as a team,” he said. “Some of the takes are ridiculous, but you deal with it.
“Last season, we did some negative stuff but everything was all sunshine and rainbows everywhere. Now it sounds like we're going to be in a relegation battle – that's how it works in the world.”
Ending a run of four successive league losses helped ease the tension, but that could quickly change. After taking on Real, it's a trip to Manchester City on Sunday where Erling Haaland (26 goals for club and country this season) are lying in wait.
Vinicius unsettled at Madrid
For Madrid, meanwhile, it has been in the dugout where the big changes have taken place since last season which saw Los Blancos relinquish their Spanish and European titles.
Former Real midfielder Xabi Alonso replaced Carlo Ancelotti as manager and, looking at the La Liga and Champions League tables, all appears well in the world.
On the domestic front, Alonso's side are five points clear of Barcelona at the top having won 10 out of 11 matches. In Europe, they sit fifth after winning all three out of three.
Mbappe already has 18 goals from 14 games while Jude Bellingham looks to be closing in on the form of his stunning first campaign in Spain having scored in each of Real's last three games.
But there have also been cracks appearing in the Alonso reign. A humiliating 5-2 derby battering at Atletico Madrid was one, while a reported fallout between manager and star attacker Vinicius Junior is another.
Reports of a strained relationship were all but confirmed during the recent victory over Barcelona when their first Clasico win after four successive defeats was overshadowed by Vinicius's furious reaction to being substituted.
“Me?” the Brazilian asked repeatedly on seeing his number come up. “Always me. I’m leaving the team, it’s better if I leave, I’m leaving,” he said before storming off down the tunnel.
Vinicius would later issue an apology on social media to “all the Madridistas for my reaction” as well as “my teammates, the club, and the president”.
Notably, there was no direct mention of his coach but Alonso would insist: “I was satisfied, and … it's closed. We're all in the same boat, rowing in the same direction.”
At the weekend, Vinicius started as Real hammered Valencia 4-0 but he would miss a penalty – despite Mbappe having already scored from the spot and still being on the pitch – and again be substituted.
“The first was scored by Kylian and the second I would have liked to be scored too, but it's not a big topic, Kylian is still the first choice taker … [Vinicius] had a very good game,” Alonso maintained diplomatically.
Another thread to Tuesday's match is Trent Alexander-Arnold returning to Anfield for the first time since quitting his boyhood club – a decision which angered some sections of Liverpool's support.
He has managed just five appearances and 156 minutes of action this season due to a hamstring injury and has been an unused substitute for their previous two games.
Federico Valverde is favourite to start at right-back but Alexander-Arnold could well make an appearance from the bench.
“Whichever way I am received is the decision of the fans,” Alexander-Arnold told Amazon Prime in an interview released on Sunday. “I will always love the club. I will always be a fan of the club. No matter what, my feelings won't change towards Liverpool.”
The story of Edge
Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, established Edge in 2019.
It brought together 25 state-owned and independent companies specialising in weapons systems, cyber protection and electronic warfare.
Edge has an annual revenue of $5 billion and employs more than 12,000 people.
Some of the companies include Nimr, a maker of armoured vehicles, Caracal, which manufactures guns and ammunitions company, Lahab
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.
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.”
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Champion%20v%20Champion%20(PFL%20v%20Bellator)
%3Cp%3EHeavyweight%3A%20Renan%20Ferreira%20v%20Ryan%20Bader%20%3Cbr%3EMiddleweight%3A%20Impa%20Kasanganay%20v%20Johnny%20Eblen%3Cbr%3EFeatherweight%3A%20Jesus%20Pinedo%20v%20Patricio%20Pitbull%3Cbr%3ECatchweight%3A%20Ray%20Cooper%20III%20v%20Jason%20Jackson%3Cbr%3E%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EShowcase%20Bouts%3C%2Fstrong%3E%3Cbr%3EHeavyweight%3A%20Bruno%20Cappelozza%20(former%20PFL%20World%20champ)%20v%20Vadim%20Nemkov%20(former%20Bellator%20champ)%3Cbr%3ELight%20Heavyweight%3A%20Thiago%20Santos%20(PFL%20title%20contender)%20v%20Yoel%20Romero%20(Bellator%20title%20contender)%3Cbr%3ELightweight%3A%20Clay%20Collard%20(PFL%20title%20contender)%20v%20AJ%20McKee%20(former%20Bellator%20champ)%3Cbr%3EFeatherweight%3A%20Gabriel%20Braga%20(PFL%20title%20contender)%20v%20Aaron%20Pico%20(Bellator%20title%20contender)%3Cbr%3ELightweight%3A%20Biaggio%20Ali%20Walsh%20(pro%20debut)%20v%20Emmanuel%20Palacios%20(pro%20debut)%3Cbr%3EWomen%E2%80%99s%20Lightweight%3A%20Claressa%20Shields%20v%20Kelsey%20DeSantis%3Cbr%3EFeatherweight%3A%20Abdullah%20Al%20Qahtani%20v%20Edukondal%20Rao%3Cbr%3EAmateur%20Flyweight%3A%20Malik%20Basahel%20v%20Vinicius%20Pereira%3C%2Fp%3E%0A
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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