Diego Costa has scored just three goals for Chelsea this season, while only registering once for Spain in nine appearances. Richard Heathcote / Getty Images
Diego Costa has scored just three goals for Chelsea this season, while only registering once for Spain in nine appearances. Richard Heathcote / Getty Images
Diego Costa has scored just three goals for Chelsea this season, while only registering once for Spain in nine appearances. Richard Heathcote / Getty Images
Diego Costa has scored just three goals for Chelsea this season, while only registering once for Spain in nine appearances. Richard Heathcote / Getty Images

Diego Costa assured of Spain place despite Chelsea struggles, insists Vicente del Bosque


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Spain coach Vicente del Bosque has said Diego Costa has an important role to play for the European champions despite the forward’s slow start on the international stage and his slump in form for club Chelsea.

After Costa chose Spain over his native Brazil last year, he was expected to reproduce the form that made him one of the most feared strikers in Europe during his stint at Atletico Madrid and his first season in England.

However, the 27-year-old has scored only once in nine outings for his adopted country, the third goal in a 4-0 victory over Luxembourg, and he has had a similarly barren time at Chelsea this season with three goals in 15 appearances.

Playing for Spain, he has often appeared lost, toiling up front while the nation’s hugely gifted midfielders try to break down stubborn defences with their intricate passing.

Comment: From free-scoring battering ram to 'barely mobile': Curious case of Chelsea striker Diego Costa

In an interview with Britain's Guardian newspaper published on Tuesday, Del Bosque said it was precisely Costa's work rate and his ability to make himself a handful for defenders that made him a valuable member of the team.

He dismissed the idea that Costa’s gritty playing style is unsuited to Spain and hinted he would be one of three strikers along with Alvaro Morata of Juventus and Valencia’s Paco Alcacer selected for Euro 2016, when Spain will be chasing an unprecedented third consecutive continental title.

“Our midfield is good on the ball, with players whose touch is good, so we need forwards who create space, who move, who commit defenders, occupy them, and Diego does that,” Del Bosque said.

“How can Costa be harmful for us? We have him so he can get in behind, run channels, pull wide.

“We’ve not had much luck with him but there’s nothing that goes against our style.

“Now we’re choosing between him, Morata and Paco Alcacer; in principle those are the three for the future.”

Costa may get his next chance to impress in Spain’s friendly against England in Alicante on Friday before they play another friendly against Belgium in Brussels four days later.

Del Bosque has been unimpressed with Costa’s disciplinary problems in the Premier League but recalled him to the latest squad after leaving him out for the Euro qualifiers against Luxembourg and Ukraine last month.

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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

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Read part two: how climate change drove the race for an alternative 

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- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

RESULT

Huddersfield Town 2 Manchester United 1
Huddersfield: Mooy (28'), Depoitre (33')
Manchester United: Rashford (78')

 

Man of the Match: Aaron Mooy (Huddersfield Town)

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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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Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
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  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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MATCH INFO

Confederations Cup Group B

Germany v Chile

Kick-off: Thursday, 10pm (UAE)

Where: Kazan Arena, Kazan

Watch live: Abu Dhabi Sports HD

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2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

UAE currency: the story behind the money in your pockets
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