Euro 2020: history could yet repeat itself as Portugal stumble their way through group stage


Richard Jolly
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Portugal have been here before, their destiny undecided as they flirt with humiliation. Perhaps the experience will stand them in good stead. Certainly they know that group-stage stumbles are not always proof of how a team will fare at the business end of a tournament. As Euro 2016 showed, sometimes it does not matter how a team qualifies, providing they do.

Portugal limped through in third place with three points then. Beneficiaries of a bloated competition’s unwieldy process for eliminating a mere eight teams then progressed to become champions of Europe. History could yet repeat itself. Defeat to France on Wednesday could probably still let Portugal advance as one of the four best third-place teams, but they would be dependent on goal difference and on Hungary not beating Germany.

The mathematics looked altogether simpler when Cristiano Ronaldo swept them into a lead against Joachim Low’s side. The focus on figures could be concentrated on their captain’s relentless accumulation of records. It was Portugal’s fourth goal in 22 minutes of football, three of them in the dramatic finish against Hungary.

Conceding four in 25 minutes to Germany transformed each side's tournament and dented Portugal's reputation for defensive excellence. Fernando Santos is a safety-first strategist and his use of dual defensive midfielders, in Danilo and William Carvalho, has been contentious. It backfired when Germany bypassed them by transferring the ball quickly to the flanks in a game decided by the wing-backs Joshua Kimmich and Robin Gosens.

France represent intimidating opponents in most respects. The 38-year-old Pepe may not relish a sprint against Kylian Mbappe. And yet, as Karim Benzema continues his pursuit of a first international goal since 2015, France’s star-studded strike trio, also including Antoine Griezmann, are scarcely renowned for hugging the touchlines.

Their three midfielders operate in the middle. Their full-backs are not natural attackers. They may struggle to replicate the Germans’ gameplan and expose Portugal’s problems on the flanks. Santos might want to persist with his double pivot rather than starting the more vibrant Renato Sanches.

They met in the Nations League last autumn. France only scored one goal, courtesy of N’Golo Kante, over 180 minutes and while Portugal got none, another similarly close encounter could at least have the benefit of sending the holders through.

That felt typical Portugal. That 4-2 defeat to Germany could be compared to the 3-3 draw with Hungary in 2016, an outbreak of chaos for a team who prefer control. The 2016 campaign poses questions if it is a sustainable formula; no one else has ever won a European Championships without winning a group-stage game. Now, besides Ronaldo’s relentlessness and the sharpness of his strike partner Diogo Jota, are enough of the markers for success in place?

“It didn't go well in the last game,” admitted Joao Moutinho. “We weren't the best in the first game either.”

Bruno Fernandes has not reproduced his Manchester United form, whether because of fatigue or because he is not granted his preferred role as a No 10. Bernardo Silva was taken off at half-time against Germany; perhaps Rafa Silva, a catalytic substitute against Hungary, might be emerging as an alternative. The own goals Ruben Dias and Raphael Guerreiro scored on Saturday were evidence of confusion at the back.

Dias, Fernandes and Bernardo Silva were, like Jota and Andre Silva, evidence that Portugal possess more talent than the team that conquered Europe five years ago. They might be less reliant on Ronaldo to drag them on by force of personality. Yet when he has three goals and an assist, Portugal find themselves in a game of brinkmanship once again, dreaming of glory but risking the embarrassment of the earliest of exits.

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

UAE squad

Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)

Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The%20specs
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Copa del Rey

Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)

Tour de France

When: July 7-29

UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland

Fifa Club World Cup quarter-final

Kashima Antlers 3 (Nagaki 49’, Serginho 69’, Abe 84’)
Guadalajara 2 (Zaldivar 03’, Pulido 90')

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.”

'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

EXPATS
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Sweet%20Tooth
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Results:

5pm: Maiden (PA) Dh80,000 1,400m | Winner: Eghel De Pine, Pat Cosgrave (jockey), Eric Lemartinel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m | Winner: AF Sheaar, Szczepan Mazur, Saeed Al Shamsi

6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA) Group 3 Dh500,000 1,600m | Winner: RB Torch, Fabrice Veron, Eric Lemartinel

6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (TB) Listed Dh380,000 1,600m | Winner: Forjatt, Chris Hayes, Nicholas Bachalard

7pm: Wathba Stallions Cup for Private Owners Handicap (PA) Dh 70,000 1,400m | Winner: Hawafez, Connor Beasley, Ridha ben Attia

7.30pm: Handicap (PA) Dh 80,000 1,600m | Winner: Qader, Richard Mullen, Jean de Roaulle

THE DETAILS

Kaala

Dir: Pa. Ranjith

Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar  

Rating: 1.5/5 

Civil%20War
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'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap​​​​​​​
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal​​​​​​​
Rating: 3.5/5

Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

Dubai Women's Tour teams

Agolico BMC
Andy Schleck Cycles-Immo Losch
Aromitalia Basso Bikes Vaiano
Cogeas Mettler Look
Doltcini-Van Eyck Sport
Hitec Products – Birk Sport 
Kazakhstan National Team
Kuwait Cycling Team
Macogep Tornatech Girondins de Bordeaux
Minsk Cycling Club 
Pannonia Regional Team (Fehérvár)
Team Auvergne-Rhône-Alpes
Team Ciclotel
UAE Women’s Team
Under 23 Kazakhstan Team
Wheel Divas Cycling Team

THREE
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Living in...

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