Paulo Sousa, coach of Basel, and Brendan Rodgers, his Liverpool counterpart, have a bond. Indeed, there is a part of Rodgers who will forever owe the Portuguese, for the slice of good luck and happy timing that sent him down the most productive path of his career.
Sousa managed Swansea City for a season, until the summer of 2010 took them to within a point of the Championship play-offs. He then moved on to Leicester City, sensing the outlook there was more ambitious: An error of judgment, he would later admit, but it gave an opportunity to Rodgers, who was offered the Swansea job with a brief to maintain the Welsh club’s momentum and continue a tradition for enterprising football.
Rodgers fulfilled expectations, reached the play-offs with Swansea, then was promoted to the Premier League, and soon enough, he was called to Anfield.
To have Swansea as a recent entry on a coaching resumé is generally a strong a recommendation. It makes managers part of a fairytale rise, endorses the use of sound footballing principles, suggests an inclination for adventure, for courage. To Paulo Sousa, Rodgers has that. “He’s a great man, and a great coach who always looks to win, and doesn’t play for a draw,” Sousa said.
To some followers of Basel, Sousa looks at times as if he has too much adventure. “His approach, with the players he has, is not defensively sound enough in the context of Europe,” said Swiss analyst Kubilay Turkilmaz, the former Switzerland international, after Sousa had overseen a 5-1 loss to Real Madrid in his first Uefa Champions League outing in charge of Basel, the club he joined in the summer.
Since then, a more appreciative view of Sousa’s philosophy has developed. Basel, Swiss champions six times in the last seven years, lead their division by a comfortable distance, and though Sousa has not yet collected as much notice in Europe as his respected predecessor, Murat Yakin, his methods are working domestically.
Should Sousa get the required result against Liverpool on Tuesday night, Basel supporters will have a souvenir as special as last season’s wins over Chelsea in the Champions League and Tottenham Hotspur in the quarter-final of the Europa League.
For Sousa the coach, penetrating the last 16 of club football’s most elite competition will be a frontier crossed. He has flitted around jobs as coach, not from QPR, to Swansea and to Leicester in the second tier of English football, but through marginal territories of Europe. He had Hungary’s Videoton, making valiant progress in the Europa League in his spell there, and while in charge of Maccabi Tel Aviv last season, he made a strong impression on the directors of Basel, securing two draws against them, first in a close Champions League play-off and then in a Europa League knockout tie.
England, Wales, Hungary, Israel, Switzerland: Five countries in six years as a senior coach. In his wanderlust, Sousa the manager resembles Sousa the midfielder, except that as a player, he almost always kept the company of heavyweights. He was part of Portugal’s so-called “golden generation”, a contemporary and international teammate of Luis Figo and Rui Costa. He collected medals regularly: a Serie A title and a Champions League trophy with Juventus, whom he left to win the European Cup a year later with Borussia Dortmund, beating Juve in the final.
Like the young Rodgers, he suffered chronic knee problems. Unlike Rodgers, obliged to retire from playing in his early 20s, Sousa’s condition only called a premature end to his authoritative anchoring of midfields in his early 30s. His mentors had already identified a coach in the making.
Carlos Queiroz, who knew Sousa from his early teens, made him one of his assistants with the Portugal national team in 2008, and he was soon keen to go solo, accepting a job at QPR that lasted only a few months.
Anfield’s fevered ambience should not affect a man who has been around the block, and has negotiated many noisy nights at San Siro, at Dortmund’s Westfalen stadium, at Lisbon’s Luz.
He is also armed with the 1-0 win Basel achieved over Liverpool on matchday two. That gives Sousa’s side, who need only a draw to progress, a slim advantage. It also gives their adventurous coach a dilemma: How far to try and protect that position? Or how eagerly to seek the early goals that could bury Liverpool?
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The five pillars of Islam
UAE currency: the story behind the money in your pockets
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RESULT
Manchester City 1 Sheffield United 0
Man City: Jesus (9')
How tumultuous protests grew
- A fuel tax protest by French drivers appealed to wider anti-government sentiment
- Unlike previous French demonstrations there was no trade union or organised movement involved
- Demonstrators responded to online petitions and flooded squares to block traffic
- At its height there were almost 300,000 on the streets in support
- Named after the high visibility jackets that drivers must keep in cars
- Clashes soon turned violent as thousands fought with police at cordons
- An estimated two dozen people lost eyes and many others were admitted to hospital
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
Top 10 most polluted cities
- Bhiwadi, India
- Ghaziabad, India
- Hotan, China
- Delhi, India
- Jaunpur, India
- Faisalabad, Pakistan
- Noida, India
- Bahawalpur, Pakistan
- Peshawar, Pakistan
- Bagpat, India
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Sustainable Development Goals
1. End poverty in all its forms everywhere
2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture
3. Ensure healthy lives and promote well-being for all at all ages
4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5. Achieve gender equality and empower all women and girls
6. Ensure availability and sustainable management of water and sanitation for all
7. Ensure access to affordable, reliable, sustainable and modern energy for all
8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
10. Reduce inequality within and among countries
11. Make cities and human settlements inclusive, safe, resilient and sustainable
12. Ensure sustainable consumption and production patterns
13. Take urgent action to combat climate change and its effects
14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development
15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
17. Strengthen the means of implementation and revitalise the global partnership for sustainable development
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.”
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De De Pyaar De
Produced: Luv Films, YRF Films
Directed: Akiv Ali
Cast: Ajay Devgn, Tabu, Rakul Preet Singh, Jimmy Sheirgill, Jaaved Jaffrey
Rating: 3.5/5 stars
The specs
Engine: 3-litre twin-turbo V6
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MATCH INFO
Europa League final
Who: Marseille v Atletico Madrid
Where: Parc OL, Lyon, France
When: Wednesday, 10.45pm kick off (UAE)
TV: BeIN Sports
COMPANY%20PROFILE
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