Olivier Giroud and Per Mertesacker of Arsenal celebrate after reaching the Champions League last 16 earlier this month. Michael Regan / Getty Images / December 9, 2015
Olivier Giroud and Per Mertesacker of Arsenal celebrate after reaching the Champions League last 16 earlier this month. Michael Regan / Getty Images / December 9, 2015

Arsenal’s Wenger feels ‘great team spirit and great unity in the dressing room’



Arsene Wenger believes his Arsenal side are now proving they have the character to fight for the Premier League title.

The club have been questioned in the past about not being up for the fight required to win silverware on a regular basis in recent seasons.

They welcome Manchester City to the Emirates Stadium on Monday night looking to keep their title credentials intact having already seen off fellow top-four sides Leicester and Manchester United with relative ease this season.

Having lifted the FA Cup for the past two years Arsenal ended a barren spell without trophies and are right in the title picture once again.

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A 3-0 victory at Olympiacos last week also saw them progress into the Champions League last 16 – where they will meet Barcelona – and Wenger feels recent results are showing his players are answering the critics in the right fashion.

“We have to accept that’s part of it but we have to give our answer on the pitch week in, week out, and that will slowly die,” he said.

“It was true for a while because we were a young team and a young team can be up and down. But I believe now we have shown that what we did at Olympiacos is not a team of no character.

“You need to be special to achieve that. We won the FA Cup in the last two seasons and you need character to win the FA Cup. Everybody would love to do it every year.”

Wenger feels consistency is the main proof of characters and his team need to show that over the festive period to prevent themselves slipping away in the new year.

The inability to put together a largely consistent season is one of the reasons Arsenal remain without a league title since 2004 but, having gone to high-flying Leicester and won 5-2, Wenger has backed his current crop to turn that around.

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He said: “We are the only team who have beaten Leicester basically, and in a convincing way. The character is down to consistency in life.

“That’s what I call character. All of us can be for one day in our life exceptional but character is to have a target and maintain your focus on that target.

“That’s what I call character and that’s what we have to show in the league. What I feel is great team spirit and great unity in the dressing room, and focus to go forward, that’s for sure. After that, we have to answer on the pitch ‘are we good enough?’”

Wenger has not ruled out influential Alexis Sanchez recovering from a hamstring problem in time to return against City.

The former Barcelona forward, as well as club-record signing Mesut Ozil, have been in fine form for Arsenal this season while Olivier Giroud continues to confound his critics having scored 27 goals in the calender year.

In the past, those types of names could have been tempted away from North London, with City flexing their financial muscles over Arsenal on several occasions.

Emmanuel Adebayor, Samir Nasri, Bacary Sagna and Gael Clichy have all left the Emirates Stadium to join City in recent seasons but – now they are on a better financial footing themselves – Wenger insists the club can decide whether players will leave or not.

“That was difficult at the start to take but we had to survive financially and we had to live with it,” he said when asked how it felt to lose key players to the Etihad Stadium.

“We are in a much stronger position. I cannot say it will never happen again because you never know but we are in a position today where we have not to give in.”

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Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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The Laughing Apple

Yusuf/Cat Stevens

(Verve Decca Crossover)

 

 

THE SPECS

Engine: 2.0-litre four-cylinder turbo

Transmission: eight-speed automatic

Power: 258hp at 5,000-6,500rpm

Torque: 400Nm from 1,550-4,400rpm

Fuel economy, combined: 6.4L/100km

Price, base: from D215,000 (Dh230,000 as tested)

On sale: now

COMPANY%20PROFILE
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What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

WRESTLING HIGHLIGHTS
Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

First Person
Richard Flanagan
Chatto & Windus 

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