Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
After a gap of 66 days, Bundesliga football will return to action next weekend.
The German league responded swiftly to government permission to resume matches as part of their easing of the coronavirus lockdown and on Thursday set May 16 as the restart date.
A derby between Borussia Dortmund and Schalke will be the highlight, and while German clubs accustom themselves to games behind closed doors – a condition of returning to stadiums – world football will watch with interest, hoping Germany’s bold decision to bring back elite sport acts as a catalyst for governments elsewhere.
There is still some trepidation, it emerged on Thursday, about the return of football to German weekends and midweek nights.
Although the decision, endorsed by Chancellor Angela Merkel, was backed by most regional leaders, in some cities, such as Bremen, home to relegation-threatened Werder Bremen, authorities spoke out about hurrying players back onto the field.
But beyond Germany’s borders, the belief is that a hugely encouraging precedent has been set:
France
“It’s a really big step,” said the president of Olympique Lyonnais, Jean-Michel Aulas, of the Bundesliga restart.
The influential Aulas is one of the strongest critics of last week's decision to declare the 2019-20 Ligue 1 season finished, with 10 match days unplayed.
The French government, responding to the country’s severe public health emergency, had banned team sports until at least September.
Aulas hopes there could now be a rethink. "Where there's life, there's hope," he told L'Equipe. "Everyone who argued we had to stop because all the other leagues were going to stop their seasons should be ready to reconsider.
"Maybe it’s not too late to try and come up with a plan that could make sense politically. French football will lose €700 million [Dh2.7 billion] because of the decision [to abandon the domestic season]”.
England
The Premier League and Football League hope Germany’s example will prompt the British government to include the possibility of professional football resuming when, this weekend, measures to lighten the country’s lockdown are announced.
Elite clubs have been in talks about a possible return to training after mid-May and behind-closed-doors fixtures taking place in June.
The Premier League is developing medical protocols that, they will argue, minimise the risks to public health and to individuals.
But it is yet to persuade all 20 top-flight clubs of the need to play some of their 'home' matches at neutral stadiums, because not all grounds are likely meet the demands of Covid-19-imposed safety standards.
With projected losses, if the season is abandoned, estimated at well over €1bn, there is economic pressure to have English club football back on television. “It would give the nation a lift,” said Dominic Raab, the Foreign Secretary and deputy to prime minister Boris Johnson.
Spain
Players returned to the training grounds of most top division clubs this week, to be tested for coronavirus.
For those who register negative, they will take part in practice drills – in limited groups, observing strict limitations on contact with one another.
That will begin at the weekend, with a view to something close to full training sometime in June.
The tentative plan for La Liga’s top two divisions is for fixtures to resume, without spectators in stadiums, in mid- to late-June.
Top-flight clubs have 11 match days left, and, with the country’s Ministry of Sport having approved the safety measures put in place for a return to training, La Liga president Javier Tebas is confident the league programme can be completed, ideally by the end of July.
Some concerns, though, have been expressed by players. They have spent more than a month under the Spanish government’s rigorous restrictions on movement, put in place to contain a pandemic that has claimed more than 26,000 lives in Spain.
“We are fearful of undertaking an activity, football, that naturally goes against the basic advice of medical experts, which is to maintain physical distancing,” said a statement released by the players and staff at Eibar, though the Basque club still intend to train this month.
Italy
Leading club bosses and medical experts met on Thursday for what were expected to be extended discussions about how football in Serie A.
The Italian top-flight was suspended in early March as parts of northern Italy were overwhelmed by Covid-19 infections, could safely resume.
Some players have reported this week to their clubs for testing for the virus and even light training, but the route-map to a restart is unclear.
“I hope to get football going again,” said the Minister for Sport Vincenzo Spadafora, “but without safety issues resolved, the government will close it down.”
Serie A side Torino reported that one of their key employees had tested positive this week.
Brescia, who are facing a battle to avoid relegation from Serie A if the remaining 11 matchdays of the 2019-20 campaign go ahead, the president, Massimo Cellino, and the captain, Daniele Gastaldello, have opposed the resumption of matches.
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
How to increase your savings
- Have a plan for your savings.
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- Carol Glynn, founder of Conscious Finance Coaching
MATCH INFO
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Croatia 1 (Vlasic 09')
The specs
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Transmission: 8-speed auto
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21 Lessons for the 21st Century
Yuval Noah Harari, Jonathan Cape
Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
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.”
RESULTS
6.30pm: Longines Conquest Classic Dh150,000 Maiden 1,200m.
Winner: Halima Hatun, Antonio Fresu (jockey), Ismail Mohammed (trainer).
7.05pm: Longines Gents La Grande Classique Dh155,000 Handicap 1,200m.
Winner: Moosir, Dane O’Neill, Doug Watson.
7.40pm: Longines Equestrian Collection Dh150,000 Maiden 1,600m.
Winner: Mazeed, Richard Mullen, Satish Seemar.
8.15pm: Longines Gents Master Collection Dh175,000 Handicap.
Winner: Thegreatcollection, Pat Dobbs, Doug Watson.
8.50pm: Longines Ladies Master Collection Dh225,000 Conditions 1,600m.
Winner: Cosmo Charlie, Pat Dobbs, Doug Watson.
9.25pm: Longines Ladies La Grande Classique Dh155,000 Handicap 1,600m.
Winner: Secret Trade, Tadhg O’Shea, Ali Rashid Al Raihe.
10pm: Longines Moon Phase Master Collection Dh170,000 Handicap 2,000m.
Winner:
THE SPECS
Engine: 3.6-litre V6
Transmission: eight-speed automatic
Power: 285bhp
Torque: 353Nm
Price: TBA
On sale: Q2, 2020
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
ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
%3Cp%3EBy%202030%2C%20Abu%20Dhabi%20aims%20to%20achieve%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2039.3%20million%20visitors%2C%3C%2Fstrong%3E%20nearly%2064%25%20up%20from%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20Dh90%20billion%20contribution%20to%20GDP%2C%3C%2Fstrong%3E%20about%2084%25%20more%20than%20Dh49%20billion%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%20178%2C000%20new%20jobs%2C%3C%2Fstrong%3E%20bringing%20the%20total%20to%20about%20366%2C000%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%2052%2C000%20hotel%20rooms%2C%3C%2Fstrong%3E%20up%2053%25%20from%2034%2C000%20in%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%207.2%20million%20international%20visitors%2C%3C%2Fstrong%3E%20almost%2090%25%20higher%20compared%20to%202023's%203.8%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%E2%80%A2%203.9%20international%20overnight%20hotel%20stays%2C%3C%2Fstrong%3E%2022%25%20more%20from%203.2%20nights%20in%202023%3C%2Fp%3E%0A
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)