Borussia Dortmund defender Erik Durm, left, and Arsenal midfielder Jack Wilshere vie for the ball during their Champions League match on Tuesday night. Patrik Stollarz / AFP / September 16, 2014
Borussia Dortmund defender Erik Durm, left, and Arsenal midfielder Jack Wilshere vie for the ball during their Champions League match on Tuesday night. Patrik Stollarz / AFP / September 16, 2014
Borussia Dortmund defender Erik Durm, left, and Arsenal midfielder Jack Wilshere vie for the ball during their Champions League match on Tuesday night. Patrik Stollarz / AFP / September 16, 2014
Borussia Dortmund defender Erik Durm, left, and Arsenal midfielder Jack Wilshere vie for the ball during their Champions League match on Tuesday night. Patrik Stollarz / AFP / September 16, 2014

Arsenal’s Wilshere says ‘we’ll bounce back ... that was our first game’


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Jack Wilshere insists Arsenal will recover after being outclassed by Borussia Dortmund in a disturbing start to their Champions League group campaign.

Ciro Immobile and Pierre-Emerick Aubameyang struck in a 2-0 victory for the Bundesliga club, but the winning margin should have been a landslide after the Premier League side were overwhelmed at Signal Iduna Park.

It was clearly their toughest fixture in Group D but the dismal performance has raised concerns over their ability to make any meaningful impact in Europe this season.

Adding to the despondency is the ankle injury that forced Wilshere off in the closing stages.

Arsene Wenger played down the severity of the sprain, but a more informed assessment is expected ahead of Saturday’s English Premier League trip to Aston Villa.

“We’ll bounce back. Our next Champions League game (against Galatasaray on October 1) is at home and hopefully we’ll get the three points,” Wilshere told the London Evening Standard.

“It’s never nice to lose a game – we wanted to come here and win – but that was our first Champions League group game.

“We have got five more so we have an opportunity to try and get 15 points and that is what we’ll try to do.

“It hasn’t quite clicked for us yet but we’ve got a lot of quality players and I’m sure it’ll come right.”

Arsenal’s shortcomings have left Wenger open to criticism on multiple fronts and the Frenchman faces some tough decisions.

Dortmund ran amok in midfield, exposing club captain Mikel Arteta’s inability to shield the defence against bright opponents who think and act quickly.

Once again Mesut Ozil drifted anonymously around the pitch, playing a couple of sublime passes but otherwise contributing little and his substitution on the hour mark was barely noticed.

Wenger will hope to have full-backs Nacho Monreal and Calum Chambers available for Villa after they missed out against Dortmund through injury and illness, but problems persist in defence.

Misfortune has robbed Arsenal of Mathieu Debuchy for two to three months – the Frenchman has ankle ligament damage – but Laurent Koscielny and Per Mertesacker were poor at Signal Iduna Park.

Wenger’s refusal to add quality defensive cover other than Chambers and Debuchy over the summer has now returned to haunt him, placing his transfer policy under renewed scrutiny.

And the manager must hope striker Danny Welbeck begins hitting the target as soon as possible after his second outing for Arsenal was again notable for wasted opportunities.

“It was disappointing against Dortmund. They are a good team and we have got to be a bit smarter when we come to places like this,” Wilshere said.

“With their gameplan, they wanted to press us high up the pitch and we let them do it in the first half.

“We started the second half quite brightly in the first couple of minutes and then unfortunately it was the same thing again on the counter attack and then the game is over.

“We knew what they were going to do. We should have played maybe a little bit longer in the first half than trying to play our football in our half of the pitch because once you lose it there, they are straight onto us.

“We had a few chances and even at 2-0, Danny had a chance and if he had scored that maybe the last 10 minutes would have been a different game.”

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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.”

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

ESSENTIALS

The flights 

Etihad (etihad.com) flies from Abu Dhabi to Mykonos, with a flight change to its partner airline Olympic Air in Athens. Return flights cost from Dh4,105 per person, including taxes. 

Where to stay 

The modern-art-filled Ambassador hotel (myconianambassador.gr) is 15 minutes outside Mykonos Town on a hillside 500 metres from the Platis Gialos Beach, with a bus into town every 30 minutes (a taxi costs €15 [Dh66]). The Nammos and Scorpios beach clubs are a 10- to 20-minute walk (or water-taxi ride) away. All 70 rooms have a large balcony, many with a Jacuzzi, and of the 15 suites, five have a plunge pool. There’s also a private eight-bedroom villa. Double rooms cost from €240 (Dh1,063) including breakfast, out of season, and from €595 (Dh2,636) in July/August.

Most sought after workplace benefits in the UAE
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Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

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Rating: 4/5

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1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

LUKA CHUPPI

Director: Laxman Utekar

Producer: Maddock Films, Jio Cinema

Cast: Kartik Aaryan, Kriti Sanon​​​​​​​, Pankaj Tripathi, Vinay Pathak, Aparshakti Khurana

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Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
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Profile Books and London Review of Books 

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RESULTS

Light Flyweight (48kg): Alua Balkibekova (KAZ) beat Gulasal Sultonalieva (UZB) by points 4-1.

Flyweight (51kg): Nazym Kyzaibay (KAZ) beat Mary Kom (IND) 3-2.

Bantamweight (54kg): Dina Zholaman (KAZ) beat Sitora Shogdarova (UZB) 3-2.

Featherweight (57kg): Sitora Turdibekova (UZB) beat Vladislava Kukhta (KAZ) 5-0.

Lightweight (60kg): Rimma Volossenko (KAZ) beat Huswatun Hasanah (INA) KO round-1.

Light Welterweight (64kg): Milana Safronova (KAZ) beat Lalbuatsaihi (IND) 3-2.

Welterweight (69kg): Valentina Khalzova (KAZ) beat Navbakhor Khamidova (UZB) 5-0

Middleweight (75kg): Pooja Rani (IND) beat Mavluda Movlonova (UZB) 5-0.

Light Heavyweight (81kg): Farida Sholtay (KAZ) beat Ruzmetova Sokhiba (UZB) 5-0.

Heavyweight (81 kg): Lazzat Kungeibayeva (KAZ) beat Anupama (IND) 3-2.