Arsenal's acquisition of Mesut Ozil from Real Madrid was the big news but other clubs also vastly improved themselves before the transfer window closed. Juan Medina / Reuters
Arsenal's acquisition of Mesut Ozil from Real Madrid was the big news but other clubs also vastly improved themselves before the transfer window closed. Juan Medina / Reuters
Arsenal's acquisition of Mesut Ozil from Real Madrid was the big news but other clubs also vastly improved themselves before the transfer window closed. Juan Medina / Reuters
Arsenal's acquisition of Mesut Ozil from Real Madrid was the big news but other clubs also vastly improved themselves before the transfer window closed. Juan Medina / Reuters

Arsenal not alone in reloading


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The transfer window was not as exciting as I expected, but there were some great deals done and it is not only the signing of Mesut Ozil that excites me. Ozil has received the most attention, since he is the best new player joining the Premier League, but Arsenal are not alone in buying well.

Across North London, Tottenham’s signing of Christian Eriksen impressed. Tottenham have bought other players, but they lacked creativity in the recent derby against Arsenal. Mousa Dembele has it, but he is getting the hook at the moment.

Eriksen oozes creativity. I watched him at Ajax and for Denmark. He was man of the match against England two years ago – not that England are a force that you should measure top players against.

Eriksen is the real deal. He is creative, finds space for himself and always looks to do something for others. He’s hugely talented. He’s only 21, yet experienced, with nearly 40 games for Denmark. At €11 million (Dh53.7m), he wasn’t expensive, either. Buy-out clauses can make deals prohibitive. His did not. He has the potential to be another Bale or Berbatov – an emerging talent brought in relatively cheaply and sold for a huge fee.

Alvaro Negredo is another signing who has impressed me.

He is a big lad who reminds me of an old-fashioned English centre-forward and €25m seems like a good value for a player with an excellent pedigree who plays up front for the world and European champions.

He scored more goals that any other Spaniard in Spain last season. Negredo is good in the air, has decent pace and movement – he showed that with his goal for Spain in Finland last week.

City needed a new forward after Carlos Tevez left.

Tevez was a fantastic player. Negredo is now pushing hard to become a regular ahead of Edin Dzeko, who has also done well.

Yet the Bosnian is the one who has twice come off for Negredo, who is conditioned to competition.

He is in a battle with Roberto Soldado, David Villa, Fernando Torres and Fernando Llorente for Spain.

When he has come off the bench, Negredo has taken his chance, scoring both times. It is great for Manuel Pellegrini to have two top forwards competing for the same spot.

Negredo has settled quicker than Dzeko, who did not quite capture the form he had shown at Wolsfburg after he joined City.

Negredo is more physical and puts his head where it hurts – not a characteristic you would often associate with a Spanish player.

That offers City another option, since Negredo can provide a better aerial focus – and that is why Pellegrini keeps switching between the two during matches. I would not be surprised if Negredo gets his first start for City at Stoke today.

James McCarthy is another excellent signing.

The Scot moved from Wigan to Everton on transfer-deadline day as Marouane Fellaini signed with Manchester United.

Everton did well there and he can be a more-than-adequate replacement.

McCarthy made his debut at 16 in Scotland before Roberto Martinez brought him down to Wigan.

I worry that some kids who debut at such a young age will burn out, but McCarthy, 22, keeps improving. He’s a midfielder who does it all: puts his foot in, looks to make passes and get in the opposition’s box. And he always wants to get on the ball.

The role of the central midfielder has changed from that of enforcer to an interceptor who needs to get on the ball in as many areas as possible.

There are no longer players like Roy Keane, Bryan Robson or Paul Ince. I can remember Manchester United looking at McCarthy a year ago. They weren’t the only ones.

Everton paid £13m for him and I would expect him to make his debut today against Chelsea. Like Eriksen, he is experienced at a young age. He also has moved to a manager he likes and trusts.

Everton’s problem so far has been scoring goals.

Nikica Jelavic has not performed well for over a year, so it was wise that they signed Romelu Lukaku.

Like Eriksen and McCarthy, he was 16 when he made his debut – and he had only just turned 16 when he played for Anderlecht.

He is on loan from Chelsea, who were convinced that they had signed the new Didier Drogba, but were not ready to play him every week. And someone as good as Lukaku deserves to be playing every week.

They loaned him to West Brom last season, where he scored 17 goals, an incredible achievement for a mid-table side.

Lukaku has pace and strength.

Everton, Arsenal, Tottenham and Manchester City: Four teams who had a very good summer transfer window.

Watch out for them.

Andrew Cole’s column is written with the assistance of European football correspondent Andy Mitten.

sports@thenational.ae

Results

Final: Iran beat Spain 6-3.

Play-off 3rd: UAE beat Russia 2-1 (in extra time).

Play-off 5th: Japan beat Egypt 7-2.

Play-off 7th: Italy beat Mexico 3-2.

India squads

T20: Rohit Sharma (c), Shikhar Dhawan, KL Rahul, Sanju Samson, Shreyas Iyer, Manish Pandey, Rishabh Pant, Washington Sundar, Krunal Pandya, Yuzvendra Chahal, Rahul Chahar, Deepak Chahar, Khaleel Ahmed, Shivam Dube, Shardul Thakur

Test: Virat Kohli (c), Rohit Sharma, Mayank Agarwal, Cheteshwar Pujara, Ajinkya Rahane, Hanuma Vihari, Wriddhiman Saha (wk), Ravindra Jadeja, Ravichandran Ashwin, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Shubman Gill, Rishabh Pant

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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.”

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now