Arsenal blew the race for a top-four Premier League finish wide open as first-half goals from Alexandre Lacazette and Laurent Koscielny saw the Gunners beat Chelsea 2-0 at the Emirates Stadium on Saturday.
Chelsea remain in pole position for a return to Champions League football next season in fourth, but are now just three points ahead of Arsenal and a surging Manchester United, who beat Brighton earlier on Saturday to stretch caretaker manager Ole Gunnar Solskjaer's winning streak to seven games in all competitions.
Maurizio Sarri's men risk being caught after a fourth defeat in 11 league matches that underlined the need for a striker, as the club close in on signing Gonzalo Higuain on loan from Juventus.
Sarri again opted to start without a recognised centre-forward, with a largely anonymous Eden Hazard preferred in middle of a front three against an Arsenal defence that had kept just one Premier League clean sheet since September.
By contrast Arsenal boss Unai Emery's selection was vindicated, with Mesut Ozil on the bench for the whole match and a switch to a 4-4-2 that allowed Lacazette and Pierre-Emerick Aubameyang to form a potent partnership up front.
Aubameyang should have opened the scoring after just five minutes when perfectly picked out by Lacazette's low cross, but he dragged his shot wide.
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Kepa Arrizabalaga then produced a brilliant save to deny Koscielny from point-blank range, but it counted for little as from the resulting 14th-minute corner Arsenal took a deserved lead.
Lacazette did well to stay on his feet as he skipped past Marcos Alonso and Pedro Rodriguez before smashing the ball past Kepa at his near post.
Aubameyang should have doubled Arsenal's lead moments later but fired too close to Kepa when clean through.
Chelsea's start was horribly reminiscent of the 3-1 defeat at Tottenham in November that began their dip in form after a fine start to Sarri's reign at Stamford Bridge.
However, Arsenal's defence remained vulnerable when put under pressure and Pedro could have levelled when his lob over Bernd Leno shaved the outside of the post.
Aubameyang came close again, this time in spectacular fashion with an overhead kick that flew inches wide with Kepa beaten.
Chelsea were repeatedly caught out by Arsenal's well-worked set-pieces and paid for it again, albeit in fortunate fashion for the Gunners, six minutes before the break.
Sead Kolasinac headed down Lucas Torreira's free-kick into the path of Sokratis Papastathopoulos and his cross picked out the unmarked Koscielny.
The Arsenal captain mistimed his header, but the ball bounced in off his shoulder for his first goal since he ruptured his Achilles in April.
Chelsea could have got a foothold in the game before half-time as David Luiz's header came back off the post.
But in keeping with so many of their performances of late, Chelsea created little thereafter despite dominating possession.
Olivier Giroud was given a warm welcome back to the Emirates when he entered as a substitute, but even with the French international as a focal point, the visitors were toothless.
Sarri will hope Higuain, who scored 38 goals when the pair first worked together at Napoli in the 2015/16 season, is the answer.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
Test
Director: S Sashikanth
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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.”
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
Killing of Qassem Suleimani
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
Results
4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).
4.35pm: Handicap (D) Dh165,000 2,200m
Winner: Heraldic, Richard Mullen, Satish Seemar.
5.10pm: Maiden (Turf) Dh165,000 1,600m
Winner: Rua Augusta, Harry Bentley, Ahmad bin Harmash.
5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.
6.20pm: Handicap (T) Dh190,000 1,600m
Winner: Azmaam, Jim Crowley, Musabah Al Muhairi.
6.55pm: Handicap (D) Dh190,000 1,400m
Winner: Bochart, Richard Mullen, Satish Seemar.
7.30pm: Handicap (T) Dh190,000 2,000m
Winner: Rio Tigre, Mickael Barzalona, Sandeep Jadhav.
Stamp%20duty%20timeline
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