Everton 2 Arsenal 1
• Everton: Seamus Coleman (44’), Ashley Williams (86’)
• Arsenal: Alexis Sanchez (20’)
Red Card: Phil Jagielka, Everton (90’+3’)
Officially, the winners were Everton. Unofficially, they were Chelsea. They often are. Ronald Koeman’s side joined Leicester and West Ham, Bournemouth and Southampton, Tottenham and Middlesbrough in easing a path to the title for Antonio Conte’s team.
Arsenal arrived at Goodison Park unbeaten in 14 league games and undefeated on the road in nine months. They departed disappointed, stripped of both records. A game that began promisingly ended with comparisons to their 2002 visit. Then, as now, they were defeated by a late goal, the scorer’s first in the league for Everton. It was a teenage Wayne Rooney 14 years ago, a 32-year-old Ashley Williams now. The Welshman epitomised Everton on a memorable night at Goodison Park: at fault initially, triumphant eventually. If this was a test of character, Williams passed it.
It was a night defined by defenders, present and absent. Williams deflected in Alexis Sanchez’s opener but delivered the winner. Phil Jagielka conceded the free kick for Arsenal’s goal and sacrificed himself in added time, fouling Lucas Perez to bring his first red card for 12 years and rule himself out of Monday’s Merseyside derby. Leighton Baines crossed for Seamus Coleman’s equaliser and denied Arsenal the latest of levellers by clearing Alex Iwobi’s shot off his line. Coleman headed his goal in the style of a towering striker and produced the game’s outstanding performance.
Yet both the outcome and the manner of the goals two unmarked Evertonians scored. It reinforced the importance of the injured Arsenal invincible Shkodran Mustafi, who has missed each of their three defeats this season. It bodes badly that the ex-Evertonian is sidelined for three weeks, although Arsene Wenger denied his replacement was at fault for the decider. “I think Gabriel did well,” Wenger said. “I don’t think it is his fault on the corner. The responsibility is someone else’s.”
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Having spared Gabriel blame, he transferred it to a referee who awarded Spurs a contentious penalty in November’s North London derby draw. “I am really disappointed in Mr Clattenburg,” he said. “He is in a really good position to see it and it is not the first time we are really unlucky with his decisions.”
The spikiness of the game carried over into the post-match debriefings. Koeman countered by inferring his Arsenal counterpart is a bad loser: “I am not surprised about Wenger and his comments. It is the third time in a row I won at home against Arsenal and three times in a row it was about the referee.” He concluded sarcastically: “Sorry Arsenal. We won through the ref.”
Wenger was irritated with what he perceived as Clattenburg’s leniency to the “very physical” midfielder James McCarthy. Such complaints, however, may merely serve to provide future opponents with a game plan. Arsenal’s capacity to outplay opponents was apparent to Koeman. A purist in his playing career sounded distinctly pragmatic now.
“The weakness is if you go face-to-face with them and you win battles and you are aggressive,” Koeman said.
“They disturbed our game,” Wenger admitted.
After an opening 20 minutes when Everton looked a side with a solitary win in their previous 11 games, lacking coherence and conviction, they showed the requisite urgency. As they had done when rescuing a point after trailing to Manchester United in their previous home game, an attitudinal shift proved crucial.
The temptation is to dismiss this as a case of Arsenal being Arsenal, of a team with an aversion to winning the title missing the chance to top the league and of a side with a soft centre showing its shortcomings when pressure was applied. The reality is more complicated. Wenger put the result into perspective with a reminder.
“We had nine months unbeaten away from home,” he said. “You can lose away, especially in the atmosphere.”
Yet the tougher away games in Arsenal’s campaign are backloaded. They go to Manchester City on Sunday, Chelsea, Bayern Munich, Liverpool and Tottenham in 2017. Their destiny may be decided on the road. It is a thought that would have offered more optimism before the setback at Goodison. As one unbeaten run ended, another may have to begin.
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
World Sevens Series standing after Dubai
1. South Africa
2. New Zealand
3. England
4. Fiji
5. Australia
6. Samoa
7. Kenya
8. Scotland
9. France
10. Spain
11. Argentina
12. Canada
13. Wales
14. Uganda
15. United States
16. Russia
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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.”
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Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm
Thursday April 25: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm
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Saturday April 27: Awards ceremony, 4pm and 8pm
UAE currency: the story behind the money in your pockets
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Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
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Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
Zayed Sustainability Prize
Zayed Sustainability Prize
RACE CARD
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Transmission: Seven-speed automatic
Fuel consumption, combined: 4.8L to 5.4L / 100km
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Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.
Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)
Ultra processed foods
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;
- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,
- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.