Juventus' Mario Mandzukic, right, celebrates with teammate Mattia De Sciglio, left, and Paulo Dybala after scoring his side's opening goal during the Serie A soccer match between Juventus and Inter Milan at the Turin Allianz stadium, Italy, Friday, Dec. 7, 2018. (Andrea Di Marco/ANSA via AP)
Juventus' Mario Mandzukic, right, celebrates with teammate Mattia De Sciglio, left, and Paulo Dybala after scoring his side's opening goal during the Serie A soccer match between Juventus and Inter Milan at the Turin Allianz stadium, Italy, Friday, Dec. 7, 2018. (Andrea Di Marco/ANSA via AP)
Juventus' Mario Mandzukic, right, celebrates with teammate Mattia De Sciglio, left, and Paulo Dybala after scoring his side's opening goal during the Serie A soccer match between Juventus and Inter Milan at the Turin Allianz stadium, Italy, Friday, Dec. 7, 2018. (Andrea Di Marco/ANSA via AP)
Juventus' Mario Mandzukic, right, celebrates with teammate Mattia De Sciglio, left, and Paulo Dybala after scoring his side's opening goal during the Serie A soccer match between Juventus and Inter Mi

Cristiano Ronaldo draws rare blank but Juventus still too strong for 'naive' Inter Milan


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Cristiano Ronaldo failed to score for the first time in four Serie A matches, but Juventus still had enough to edge Inter Milan to all but end their rivals' title challenge.

Croatian striker Mario Mandzukic scored the only goal at the Juventus Stadium on Friday night as the defending champions moved 11 points clear at the top, while opening up a 14-point gap on third-placed Inter.

Unbeaten Juventus have 43 points from 15 games, with their only points dropped coming in a home draw against Genoa.

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World Cup runner-up Mandzukic's diving header after 66 minutes off a cross from former Inter player Joao Cancelo was enough to decide the outcome at the Allianz Stadium.

"Mandzukic is one of those players who even on an off day can bring his physicality to the game and that can make the difference," said Juventus manager Massimiliano Allegri.

"We knew the championship wouldn't end today, but we still absolutely had to avoid defeat. I asked the lads to be efficient and effective.

"We were only half that in the first period, but then we started to hold the ball with greater patience, were more organised and solid. After that, the quality of the players inevitably emerges."

The seven-time reigning champions proved yet again they were a class above their rivals even with Ronaldo not as omnipresent as he has been in previous games, failing to add to his 10 league goals.

Inter captain Mauro Icardi also failed to muster a single shot on goal, but the visitors did have chances in the first half with Roberto Gagliardini rattling the post just before the half-hour mark.

"We played well enough but we weren't consistent, there were situations where we didn't interpret or read them property while Juventus did not do anything wrong," said Inter manager Luciano Spalletti.

"If someone takes the lead, of course it makes the difference, but we made too many banal and cheap errors. Unfortunately, Juve are smart and we are naive. They have a way of wasting five minutes after a foul."

Inter stay four points ahead of AC Milan, who host Torino, with Lazio a further point back in fifth before their game against Sampdoria.

Spalletti's side now turn to their crucial Uefa Champions League game against PSV Eindhoven at the San Siro on Tuesday.

Juventus are already through to the Champions League knockout rounds before next week's trip to Young Boys in Switzerland.

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The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

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Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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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