A disallowed Luis Suarez goal summed up a frustrating afternoon for Barcelona as the Primera Liga leaders dropped points for the second week running after a 0-0 stalemate with Getafe on Sunday.
After needing a late equaliser to grab a point in the Catalan derby at Espanyol last weekend, Barca could not break down a well-organised Getafe side, who showed why they have the third-best defensive record in the league.
In irresistible form in front of goal in 2018, Suarez had the ball in the net just before half time with a great finish from a Lionel Messi free-kick, but the home celebrations were cut short by the offside flag.
The Uruguayan striker then saw his header kept out by a brilliant Vicente Guaita save as the match moved into stoppage time, with Barca failing to score at home in the Primera Liga for the first time since November 2016.
Ernesto Valverde's side remain unbeaten in the Primera Liga after 23 games, extending their longest run without losing from the start of a campaign.
At least there was a good crowd
However, they are now only seven points clear at the summit from Atletico Madrid, who won 1-0 at Malaga on Saturday with an early Antoine Griezmann goal. The Rojiblancos visit the Camp Nou in three weeks.
With Samuel Umtiti banned, Thomas Vermaelen not fit and Gerard Pique only on the bench, Valverde handed a first start to January signing Yerry Mina and partnered him in central defence with Lucas Digne.
That pair were rarely overly troubled, but at the other end Valverde's decision to bring both Paco Alcacer and Philippe Coutinho into the line-up did not have the desired impact.
They both lasted just over an hour, with Coutinho forcing a fine save from Guaita from a curling strike in the 58th minute.
Meanwhile, Ousmane Dembele came on in the second half for his first appearance since his latest spell on the sidelines, but the young France forward was also incapable of breaking down the Getafe back line.
Real Madrid moved back up to third with a comprehensive 5-2 win over Real Sociedad on Saturday in which Cristiano Ronaldo scored a hat-trick for the first time this season.
However, they are still 17 points adrift of Barcelona, albeit with a game in hand.
Valencia, who have lost their last six games in all competitions, have the chance to move back above Madrid if they can win at home to Levante later on Sunday.
Earlier, Sergio Rico was the hero for Sevilla with a penalty save and several key interventions as his side boosted their European hopes with a 1-0 win over Girona.
The only goal of the game at a sunny Sanchez Pizjuan was scored just over 30 seconds into the second half, with Pablo Sarabia making sure the ball went in after a Joaquin Correa effort was stopped on the line.
But, before that, Rico had intervened to prevent the home side going behind just prior to the interval, diving to his right to save an Aday Benitez penalty awarded for a handball by Luis Muriel.
Sevilla, who will face Barcelona in the Copa del Rey final in April and host Manchester United in the Champions League on February 21, are sixth in the Primera Liga.
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Warlight,
Michael Ondaatje, Knopf
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
FIXTURES
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Saturday
Fiorentina v Torino (8pm)
Hellas Verona v Roma (10.45pm)
Sunday
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Genoa v Crotone (5pm)
Sassuolo v Cagliari (8pm)
Juventus v Sampdoria (10.45pm)
Monday
AC Milan v Bologna (10.45om)
Playing September 30
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Fixtures (all times UAE)
Saturday
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Genoa v Torino (9pm)
Fiorentina v Lecce (11.45pm)
Sunday
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Inter Milan v SPAL (6pm)
Lazio v Udinese (6pm)
Parma v AC Milan (6pm)
Napoli v Bologna (9pm)
Verona v AS Roma (11.45pm)
Monday
Cagliari v Sampdoria (11.45pm)
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Match info
Newcastle United 1
Joselu (11')
Tottenham Hotspur 2
Vertonghen (8'), Alli (18')
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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Know your cyber adversaries
Cryptojacking: Compromises a device or network to mine cryptocurrencies without an organisation's knowledge.
Distributed denial-of-service: Floods systems, servers or networks with information, effectively blocking them.
Man-in-the-middle attack: Intercepts two-way communication to obtain information, spy on participants or alter the outcome.
Malware: Installs itself in a network when a user clicks on a compromised link or email attachment.
Phishing: Aims to secure personal information, such as passwords and credit card numbers.
Ransomware: Encrypts user data, denying access and demands a payment to decrypt it.
Spyware: Collects information without the user's knowledge, which is then passed on to bad actors.
Trojans: Create a backdoor into systems, which becomes a point of entry for an attack.
Viruses: Infect applications in a system and replicate themselves as they go, just like their biological counterparts.
Worms: Send copies of themselves to other users or contacts. They don't attack the system, but they overload it.
Zero-day exploit: Exploits a vulnerability in software before a fix is found.
