• Tottenham Hotspur's Harry Kane reacts after sustaining an injury during the match against Liverpool. Reuters
    Tottenham Hotspur's Harry Kane reacts after sustaining an injury during the match against Liverpool. Reuters
  • Harry Kane hurt both his ankles against Liverpool at the Tottenham Hotspur Stadium. Getty
    Harry Kane hurt both his ankles against Liverpool at the Tottenham Hotspur Stadium. Getty
  • Tottenham Hotspur's striker Harry Kane is likely to be out for a few weeks. AFP
    Tottenham Hotspur's striker Harry Kane is likely to be out for a few weeks. AFP
  • Liverpool's Sadio Mane celebrates scoring their third goal against Tottenham. Reuters
    Liverpool's Sadio Mane celebrates scoring their third goal against Tottenham. Reuters
  • Liverpool's Sadio Mane scores their third goal. Reuters
    Liverpool's Sadio Mane scores their third goal. Reuters
  • Trent Alexander-Arnold of Liverpool celebrates scoring his sides second goal at the Tottenham Hotspur Stadium. Getty
    Trent Alexander-Arnold of Liverpool celebrates scoring his sides second goal at the Tottenham Hotspur Stadium. Getty
  • Liverpool's defender Trent Alexander-Arnold scores their second goal. AFP
    Liverpool's defender Trent Alexander-Arnold scores their second goal. AFP
  • Liverpool's manager Jurgen Klopp talks to Roberto Firmino. EPA
    Liverpool's manager Jurgen Klopp talks to Roberto Firmino. EPA

Harry Kane likely to be out 'for a few weeks' after injuring both ankles during Spurs' defeat to Liverpool


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Tottenham Hotspur are likely to be without talisman Harry Kane for a few weeks after the striker suffered injuries to both ankles during the 3-1 home defeat by Liverpool on Thursday.

Kane, who has scored 12 Premier League goals this season, failed to appear for the second half after twice requiring treatment in the opening period.

It will be a worry for manager Jose Mourinho, especially with Kane's recent history of ankle injuries.

"Two ankles, the first was a bad tackle, it was Thiago, the second one I didn't know well," Mourinho said.

"But two injuries in both ankles, the second one worst than the first one – a few weeks, I don't know."

With a busy period coming up, starting with Sunday's trip to Brighton and Hove Albion and then a home clash with Chelsea next week, Kane's absence would be keenly felt.

Kane's absence was felt on the field against Liverpool, who burst back to life to help the champions return to winning ways.

Goals from Roberto Firmino, Trent Alexander-Arnold and Sadio Mane capped a dominant display by Jurgen Klopp's side whose first league win since a 7-0 thrashing of Crystal Palace on December 19 restored their place in the top four.

Firmino's effort in first-half stoppage time ended Liverpool's barren run of 482 minutes without a league goal.

Alexander-Arnold doubled their lead in the 47th minute before Pierre-Emile Hojbjerg quickly lashed in his first goal for Spurs to give the hosts hope.

With Tottenham's defence unravelling, Mane struck again for the champions in the 65th minute and there was no coming back for Jose Mourinho's side whose disappointment was compounded by an injury to talisman Harry Kane.

Both sides also had goals ruled out by VAR decisions.

Liverpool's seventh successive win over Spurs in all competitions moved them into fourth spot with 37 points from 20 games, four points behind leaders Manchester City who have played a game less. Tottenham stayed sixth with 33 points.

This was not quite Liverpool back to their best but it was an important statement of intent for Klopp's side that they will not be giving up their title without a fight.

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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Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

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Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

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Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

The years Ramadan fell in May

1987

1954

1921

1888

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

Juventus v Napoli, Sunday, 10.45pm (UAE)

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Started: September 2023
Founder: Muhammad Khalid
Based: Abu Dhabi
Sector: Generative AI
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
 
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Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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UAE squad to face Ireland

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