• Right-back: Rafael da Silva, Manchester United. Surged forward to great effect and set up Wayne Rooney’s opening goal in United’s 2-1 win over West Ham. (Photo: Darren Staples / Reuters)
    Right-back: Rafael da Silva, Manchester United. Surged forward to great effect and set up Wayne Rooney’s opening goal in United’s 2-1 win over West Ham. (Photo: Darren Staples / Reuters)
  • Centre-back: Younes Kaboul, Tottenham Hotspur. A surprise choice as Spurs skipper, Kaboul indicated why Mauricio Pochettino has such faith in him with a defiant display in the North London derby. (Photo: Ian Kington / AFP)
    Centre-back: Younes Kaboul, Tottenham Hotspur. A surprise choice as Spurs skipper, Kaboul indicated why Mauricio Pochettino has such faith in him with a defiant display in the North London derby. (Photo: Ian Kington / AFP)
  • Centre-back: Phil Jagielka, Everton. Scored one of the great Merseyside derby goals to rescue a point for his side with his 25-yard, injury-time screamer. (Photo: Andrew Yates / Reuters)
    Centre-back: Phil Jagielka, Everton. Scored one of the great Merseyside derby goals to rescue a point for his side with his 25-yard, injury-time screamer. (Photo: Andrew Yates / Reuters)
  • Left-back: Ryan Bertrand, Southampton. Continued his encouraging start to life on the south coast with his first goal in the 2-1 victory over QPR. (Photo: Alex Livesey / Getty Images)
    Left-back: Ryan Bertrand, Southampton. Continued his encouraging start to life on the south coast with his first goal in the 2-1 victory over QPR. (Photo: Alex Livesey / Getty Images)
  • Right midfield: Willian, Chelsea. Overshadowed by new signings so far this season, the Brazilian was an energetic and hugely influential scorer against Aston Villa. (Photo: Jamie McDonald / Getty Images)
    Right midfield: Willian, Chelsea. Overshadowed by new signings so far this season, the Brazilian was an energetic and hugely influential scorer against Aston Villa. (Photo: Jamie McDonald / Getty Images)
  • Centre midfield: Graham Dorrans, West Bromwich Albion. Scored one goal and played a part in two more in a high-class performance as Albion routed Burnley 4-0. (Photo: Stu Forster / Getty Images)
    Centre midfield: Graham Dorrans, West Bromwich Albion. Scored one goal and played a part in two more in a high-class performance as Albion routed Burnley 4-0. (Photo: Stu Forster / Getty Images)
  • Centre midfield: Mile Jedinak, Crystal Palace. The captain always leads by example and scored for a second successive week as Palace recorded back-to-back wins. (Photo: Ian Walton / Getty Images)
    Centre midfield: Mile Jedinak, Crystal Palace. The captain always leads by example and scored for a second successive week as Palace recorded back-to-back wins. (Photo: Ian Walton / Getty Images)
  • Left midfield: David Silva, Manchester City. Provided some delightful touches as Manchester City scored four at Hull. A wonderful player. (Photo: Gareth Copley / Getty Images)
    Left midfield: David Silva, Manchester City. Provided some delightful touches as Manchester City scored four at Hull. A wonderful player. (Photo: Gareth Copley / Getty Images)
  • Centre forward: Graziano Pelle, Southampton. Like Jagielka, produced a goal-of-the-season candidate with a brilliant overhead kick. Proving a fine signing. (Photo: Julian Finney / Getty Images)
    Centre forward: Graziano Pelle, Southampton. Like Jagielka, produced a goal-of-the-season candidate with a brilliant overhead kick. Proving a fine signing. (Photo: Julian Finney / Getty Images)
  • Centre forward: Edin Dzeko, Manchester City. Ended his wait for a first league goal of the season by scoring twice at the KC Stadium. (Photo: Philip Brown / Reuters)
    Centre forward: Edin Dzeko, Manchester City. Ended his wait for a first league goal of the season by scoring twice at the KC Stadium. (Photo: Philip Brown / Reuters)

Football

Edin Dzeko and David Silva spur Man City attack: EPL Team of the Week 6

Richard Jolly
Richard Jolly
Greater Manchester, England

September 29, 2014

  • English
  • Arabic

English football columnist Richard Jolly names his Best XI in the Premier League for the September 27-28 weekend.

Goalkeeper: Hugo Lloris (Tottenham). Made arguably the save of the weekend, to deny Arsenal’s Per Mertesacker, and reinforced his reputation as one of the division’s best goalkeepers.

Right-back: Rafael da Silva (Manchester United). Surged forward to great effect and set up Wayne Rooney’s opening goal in United’s 2-1 win over West Ham.

Centre-back: Younes Kaboul (Tottenham). A surprise choice as Spurs skipper, Kaboul indicated why Mauricio Pochettino has such faith in him with a defiant display in the North London derby.

Centre-back: Phil Jagielka (Everton). Scored one of the great Merseyside derby goals to rescue a point for his side with his 25-yard, injury-time screamer.

Left-back: Ryan Bertrand (Southampton). Continued his encouraging start to life on the south coast with his first goal in the 2-1 victory over QPR.

Right midfield: Willian (Chelsea). Overshadowed by new signings so far this season, the Brazilian was an energetic and hugely influential scorer against Aston Villa.

Centre midfield: Graham Dorrans (West Brom). Scored one goal and played a part in two more in a high-class performance as Albion routed Burnley 4-0.

Centre midfield: Mile Jedinak (Crystal Palace). The captain always leads by example and scored for a second successive week as Palace recorded back-to-back wins.

Left midfield: David Silva (Manchester City). Provided some delightful touches as Manchester City scored four at Hull. A wonderful player.

Centre forward: Graziano Pelle (Southampton). Like Jagielka, produced a goal-of-the-season candidate with a brilliant overhead kick. Proving a fine signing.

Centre forward: Edin Dzeko (Manchester City). Ended his wait for a first league goal of the season by scoring twice at the KC Stadium.

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

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

England ODI squad

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

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

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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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