Germany thankful for small mercies
Seldom can a sixth defeat in 10 matches have been celebrated with such relief. But signs of a German recovery following Saturday's chastening 3-0 loss to Holland in Group A1 were there in Paris on Tuesday. The humbled, bruised, and dethroned former world champions at least looked competitive and purposeful in falling 2-1 to France.
"The Best Defeat of the Year!" boomed Bild-Zeiting, the country's best-selling newspaper. And there are a few to measure it against from a gloomy 2018.
The ambush by Mexico that began an awful two weeks in Russia in June; the humiliation by South Korea that left Germany bottom of their World Cup group; the 3-0 blitzing by the Dutch.
Encouraged by the vibrant performance of Leroy Sane, controversially omitted from the Russia plans, and some bold tactical decisions by under-pressure manager Joachim Low, who fielded a back three, the threat of the sack for Low has faded.
However, his Germany might still be relegated to Group B before they have kicked another ball in the competition, should France lose to a buoyant Holland.
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Read more:
Joachim Low: Germany manager defiant as slump continues with defeat to France
Ian Hawkey: Agony of Amsterdam shows a Germany in crisis, not just a blip
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No Golden Ball, plenty of Silvas
Closest to reaching the finals after the first four rounds of what has been a compelling start to Uefa’s new competition are Portugal, the reigning European champions.
The Portuguese, who have expressed a strong interest in hosting the deciding June mini-tournament - two semi-finals and a final - that will determine the first Nations League winners, embarked on their campaign knowing Cristiano Ronaldo would be unavailable, on a break from internationals. No CR7, no crisis, it seems.
Having beaten Italy 1-0 in their Group A3 opener thanks to an Andre Silva goal, more Silva service overcame Poland 3-2.
Andre Silva netted the first, Bernardo Silva the third and, in between, Rafa Silva chased a fine through ball from Ruben Neves that Poland’s Kamil Glik prodded into his own net, his toe just ahead of the Benfica’s Silva’s shot.
Adrien Silva, the Portugal and Leicester midfielder, was not involved but cannot help but believe that his name alone recommends he comes back into contention soon.
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Read more:
Richard Jolly: Portugal continue to prove there is life without Cristiano Ronaldo
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Russia Revived
The team who went into their own World Cup unable to win any of their seven warm-up games are extending their transformation.
Once again, Denis Cheryshev, the winger without a goal in four years as an international before the World Cup, and now with six of them, was on the scoresheet in the 2-0 win over Turkey.
Russia will guarantee promotion from Group B with a point in their final fixture away against Sweden, and although Uefa will be pleased to see a potential heavyweight country back up among the elite, they would be obliged once again to tread on political eggshells in two years time.
Ukraine have stylishly gained promotion to Group A already, and, because of the ongoing tensions between Russia and Ukraine, the governing body dictates they will not be drawn in the same group.
Losing it in Ljubljana
The best way of detecting the difference between a friendly and a fixture with something at stake - the difference the Nations League was designed to make - is to watch the referee.
Europe’s leading officials have been busy, with no assistance from VAR, in the new tournament. None more than Mads-Kristoffer Kristoffersen, whose debut officiating in the competition turned out rather eventful.
Taking charge of Group C3’s Slovenia against Cyprus, he reached for his pocket in the first minute, to book the home team’s Josef Ilicic. He showed Ilicic his second yellow card in the 90th.
In between he brandished four more yellows and another red card, to Cyprus’s Grigoris Kastanos, in the 1-1 draw.
The easiest decision he made? It came deep into injury time of a seething contest, the dismissal of Cyprus’s Jason Demetriou for a dreadful, cynical lunge at Domen Crnigoj.
Momentum among the minnows
Group D, where the lowest seeded teams reside, makes history by the day. The leading goalscorers across all 55 countries involved in the Nations League? Little Luxembourg, who have struck 10 goals, more than anybody but Spain, and can leap out of the basement if they beat Belarus next month.
The highest rate of joy per head of population? Among Gibraltar’s 30,000-odd residents, surely. Gibraltar won their first competitive fixture, 1-0 away to Armenia, where their hosts played the wrong national anthem for their guests before kick-off and then peppered the Gibraltarian goal with no fewer than 35 unsuccessful shots.
The men from the Rock followed up with a 2-1 against Liechtenstein. A Euro 2020 play-off chance remains a long-shot, but still possible.
UAE currency: the story behind the money in your pockets
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Sleep Well Beast
The National
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Racecard
7pm: Abu Dhabi - Conditions (PA) Dh 80,000 (Dirt) 1,600m
7.30pm: Dubai - Maiden (TB) Dh82,500 (D) 1,400m
8pm: Sharjah - Maiden (TB) Dh82,500 (D) 1,600m
8.30pm: Ajman - Handicap (TB) Dh82,500 (D) 2,200m
9pm: Umm Al Quwain - The Entisar - Listed (TB) Dh132,500 (D) 2,000m
9.30pm: Ras Al Khaimah - Rated Conditions (TB) Dh95,000 (D) 1,600m
10pm: Fujairah - Handicap (TB) Dh87,500 (D) 1,200m
UAE-based players
Goodlands Riders: Jamshaid Butt, Ali Abid, JD Mahesh, Vibhor Shahi, Faizan Asif, Nadeem Rahim
Rose Hill Warriors: Faraz Sheikh, Ashok Kumar, Thabreez Ali, Janaka Chathuranga, Muzammil Afridi, Ameer Hamza
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
UAE currency: the story behind the money in your pockets
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Last-16 Europa League fixtures
Wednesday (Kick-offs UAE)
FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm
Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
Inter Milan v Getafe (one leg only) 11pm
Manchester United (5) v LASK (0) 11pm
Thursday
Bayer Leverkusen (3) v Rangers (1) 8.55pm
Sevilla v Roma (one leg only) 8.55pm
FC Basel (3) v Eintracht Frankfurt (0) 11pm
Wolves (1) Olympiakos (1) 11pm
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Scorline
Iraq 1-0 UAE
Iraq Hussein 28’
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
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.”
Read more from Aya Iskandarani
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.