FILE-In this June 14 file photo Mesut Oezil looks around during a training session of the German team at the 2018 soccer World Cup in Vatutinki near Moscow, Russia, Thursday, June 14, 2018. (AP Photo/Michael Probst,file)
Mesut Ozil has quit the Germany national team after accusing the DFB of racism. Michael Probst / AP Photo

German FA 'very grateful' for Mesut Ozil's contribution but reject claims of racism



The German Football Association (DFB) on Monday rejected claims of racism made by midfielder Mesut Ozil regarding their president Reinhard Grindel.

On Sunday, Ozil announced his retirement from the Germany national team in a lengthy statement released on social media, which accused Grindel of racism, when he broke his silence over his controversial meeting with Turkish President Recep Tayyip Erdogan in May.

"In the eyes of Grindel and his supporters, I am German when we win, but I am an immigrant when we lose," said Ozil, who accused Grindel of failing to side with him against his critics.

Ozil, who was born in Germany but has Turkish heritage, ended his statement with "racism should never, ever be accepted".

The DFB have responded to Ozil's claims while expressing their regret that the Arsenal midfielder has stepped down from national duty.

"We reject the notion that the DFB is associated with racism," read a statement. "The DFB stands for diversity, from the representatives at the top to the boundless, day-to-day dedication of people at the base.

"The DFB is very grateful to Mesut Ozil for his outstanding performance in the jersey of the German national teams," continued the statement.

"It is regrettable that Mesut Ozil felt that he had not been sufficiently protected as a target of racist slogans.

"But it was important that Mesut Ozil, like Ilkay Gundogan before him, gives answers to the photo [with Erdogan].

"In the DFB, we win and lose together, as a team. The DFB would have been happy if Mesut Ozil had wanted to remain part of the team on this shared basis. He decided otherwise."

The statement was released hours after Bayern Munich president Uli Hoeness launched a scathing attack on Mesut Ozil, claiming the midfielder had been "playing like dirt for years" for the Germany team.

Reacting to Ozil's statement, Bayern president Hoeness said he is happy to see the back of the 29-year-old, who was part of the Germany squad that was eliminated in the group stages of the 2018 World Cup in Russia.

"I'm glad it is over. He's been playing dirt for years," Hoeness is quoted as saying by Sky Sports. "He last won a tackle before the 2014 World Cup. And now he hides himself and his [rubbish] performance behind this photo.

"His 35 million follower boys, who of course do not exist in the real world, think he has played excellently if he plays a cross to a man."

Hoeness also said that Bayern deliberately single out Ozil as a weak link of the Arsenal side when the two teams face each other in the Uefa Champions League. Ozil has only been on the winning side twice in 17 matches against the Bundesliga champions.

"Whenever we played against Arsenal, we played over him, because we know he's the weak point", Hoeness said.

Ozil, who was a member of the Germany side that won the 2014 World Cup, made 92 appearances for the national team.

MATCH INFO

Uefa Champions League last-16, second leg:

Real Madrid 1 (Asensio 70'), Ajax 4 (Ziyech 7', Neres 18', Tadic 62', Schone 72')

Ajax win 5-3 on aggregate

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

The BaaS ecosystem

The BaaS value chain consists of four key players:

Consumers: End-users of the financial product delivered

Distributors: Also known as embedders, these are the firms that embed baking services directly into their existing customer journeys

Enablers: Usually Big Tech or FinTech companies that help embed financial services into third-party platforms

Providers: Financial institutions holding a banking licence and offering regulated products

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

RESULTS

Bantamweight:
Zia Mashwani (PAK) bt Chris Corton (PHI)

Super lightweight:
Flavio Serafin (BRA) bt Mohammad Al Khatib (JOR)

Super lightweight:
Dwight Brooks (USA) bt Alex Nacfur (BRA)

Bantamweight:
Tariq Ismail (CAN) bt Jalal Al Daaja (JOR)

Featherweight:
Abdullatip Magomedov (RUS) bt Sulaiman Al Modhyan (KUW)

Middleweight:
Mohammad Fakhreddine (LEB) bt Christofer Silva (BRA)

Middleweight:
Rustam Chsiev (RUS) bt Tarek Suleiman (SYR)

Welterweight:
Khamzat Chimaev (SWE) bt Mzwandile Hlongwa (RSA)

Lightweight:
Alex Martinez (CAN) bt Anas Siraj Mounir (MAR)

Welterweight:
Jarrah Al Selawi (JOR) bt Abdoul Abdouraguimov (FRA)

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

Kill

Director: Nikhil Nagesh Bhat

Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal

Rating: 4.5/5

Match info

Premier League

Manchester United 2 (Martial 30', Lingard 69')
Arsenal 2 (Mustafi 26', Rojo 68' OG)

Diriyah project at a glance

- Diriyah’s 1.9km King Salman Boulevard, a Parisian Champs-Elysees-inspired avenue, is scheduled for completion in 2028
- The Royal Diriyah Opera House is expected to be completed in four years
- Diriyah’s first of 42 hotels, the Bab Samhan hotel, will open in the first quarter of 2024
- On completion in 2030, the Diriyah project is forecast to accommodate more than 100,000 people
- The $63.2 billion Diriyah project will contribute $7.2 billion to the kingdom’s GDP
- It will create more than 178,000 jobs and aims to attract more than 50 million visits a year
- About 2,000 people work for the Diriyah Company, with more than 86 per cent being Saudi citizens

COMPANY PROFILE

Company name: Clinicy
Started: 2017
Founders: Prince Mohammed Bin Abdulrahman, Abdullah bin Sulaiman Alobaid and Saud bin Sulaiman Alobaid
Based: Riyadh
Number of staff: 25
Sector: HealthTech
Total funding raised: More than $10 million
Investors: Middle East Venture Partners, Gate Capital, Kafou Group and Fadeed Investment

Final results:

Open men
Australia 94 (4) beat New Zealand 48 (0)

Plate men
England 85 (3) beat India 81 (1)

Open women
Australia 121 (4) beat South Africa 52 (0)

Under 22 men
Australia 68 (2) beat New Zealand 66 (2)

Under 22 women
Australia 92 (3) beat New Zealand 54 (1)


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