Arsenal's Lucas Torreira is tackled by Burnley's Charlie Taylor. Reuters
Arsenal's Lucas Torreira is tackled by Burnley's Charlie Taylor. Reuters
Arsenal's Lucas Torreira is tackled by Burnley's Charlie Taylor. Reuters
Arsenal's Lucas Torreira is tackled by Burnley's Charlie Taylor. Reuters

Arsenal on survival mode after they escape with goalless draw against Burnley


Richard Jolly
  • English
  • Arabic

Point by point, game by game, Arsenal are edging closer to the magical 38 required to stay up. Facetiousness aside, it is scarcely an achievement to find themselves seven points clear of the relegation zone, even if they limped back into the top half of the table, but it could have been worse as they were held to a goalless draw by Burnley on Sunday.

They were inches from defeat when Jay Rodriguez met Dwight McNeil’s header with a volley that hit both the bar and the line, Burnley agonisingly close to a first league win over the Gunners since 1974.

Instead, having registered a first win at Old Trafford since 1962, Burnley recorded a minor milestone by chalking up a maiden point against Arsenal under Sean Dyche. “When you play like that you come away thinking: ‘was the one we should have won?’” asked Dyche. “The only thing missing was a goal.”

“We were fantastic in some moments but we were so sloppy and put ourselves in big trouble,” said Arsenal’s Mikel Arteta. “We started really well. We could have scored at least two. But we allowed a lot of crosses and second balls inside our box and were lucky not to concede a goal. We have to improve a lot.”

It was a familiar result for their visitors. In time, Arteta has to implement a winning habit. For now, he has a drawing one and, for the fourth consecutive game, Arsenal shared the points.

“We need more consistency,” the new manager said though, in a sense, he has an unwanted variant. “I hope it will not take time,” he added. Now, however, he has a team in transition, with expensive components and loftier ambitions, but who are roughly on a par with most sides they face.

Burnley shaded an even contest, finishing the stronger and imposing themselves upon Arsenal. The visiting fans disdainfully chorused “anti-football”, a frustrated and ineffectual Mesut Ozil was booked for dissent and various of Arteta’s players sustained knocks, with David Luiz looking luckless when Nick Pope accidentally trod on him.

“It is lovely to watch when people are falling over, it is my favourite part,” added Dyche, and it was an awkward experience for some. Arteta lamented that the long grass made it difficult to play but had prepared accordingly. “I didn’t water the grass yesterday at the training ground,” he said.

His defence was without the recent reinforcements Pablo Mari and Cedric Soares but kept a clean sheet and featured Shkodran Mustafi, who was stretchered off at Bournemouth on Monday.

“You could see how good he was,” Arteta added and Arsenal did not shirk the physical element, even if it is rare a team has two players booked in as many minutes for fouling Burnley’s full-backs. They survived the Clarets’ aerial attack, but partly through good fortune and Burnley’s lack of a clinical finish. James Tarkowski and Rodriguez both headed wastefully wide from Ashley Westwood’s free kicks. Jeff Hendrick was a greater culprit, missing the target from McNeil’s enticing centre.

The Irishman also came close from distance as Burnley showed a fondness for long-range shots. Rodriguez, who had scored in spectacular style at Old Trafford, and McNeil also tried their luck. “We had enough chances,” said Dyche. “They had one golden chance.”

That was understating it. David Luiz and Pierre-Emerick Aubameyang both returned from suspension and the Brazilian fed the Gabonese with a precise long pass. The forward’s finish was altogether more wayward. Aubameyang’s capacity to burst in behind the Burnley defence enabled Arsenal to chip passes over them, but when Granit Xhaka found him, the captain could not lob the gangly figure of Pope.

The profligate Aubameyang also headed wide from an Alexandre Lacazette cross. It was a role reversal of Arsenal’s first chance, when Aubameyang centred and the unmarked Lacazette missed the target and still has not scored in a win since August. “We have to improve the end product,” added Arteta. But for now, Arsenal may end up in mid-table.

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.”

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

RESULTS

5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)

5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham

6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi

6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami

7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi

7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi

8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan

RESULT

Manchester United 2 Burnley 2
Man United:
 Lingard (53', 90' 1)
Burnley: Barnes (3'), Defour (36')

Man of the Match: Jesse Lingard (Manchester United)

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

Results

2pm: Al Sahel Contracting Company – Maiden (PA) Dh50,000 (Dirt) 1,200m; Winner: AF Mutakafel, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

2.30pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,200m; Winner: El Baareq, Antonio Fresu, Rashed Bouresly

3pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson

3.30pm: Keeneland – Handicap (TB) Dh84,000 (D) 1,000m; Winner: Alkaraama, Dane O’Neill, Musabah Al Muhairi

4pm: Keeneland – Handicap (TB) Dh76,000 (D) 1,800m; Winner: Lady Snazz, Saif Al Balushi, Bhupat Seemar

4.30pm: Hive – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer

5pm: Dubai Real Estate Centre – (TB) Handicap Dh64,000 (D) 1,600m; Winner: Lahmoom, Royston Ffrench, Salem bin Ghadayer