• Manchester United striker Marcus Rashford celebrates scoring against Manchester City in League Cup semi-final first leg at Old Trafford on January 7, 2020. AFP
    Manchester United striker Marcus Rashford celebrates scoring against Manchester City in League Cup semi-final first leg at Old Trafford on January 7, 2020. AFP
  • Manchester United's Marcus Rashford celebrates scoring their second goal with Jesse Lingard against Burnley at Turf Moor on December 28, 2019. Reuters
    Manchester United's Marcus Rashford celebrates scoring their second goal with Jesse Lingard against Burnley at Turf Moor on December 28, 2019. Reuters
  • Manchester United's Marcus Rashford celebrates scoringagainst Burnley at Turf Moor on December 28, 2019. Reuters
    Manchester United's Marcus Rashford celebrates scoringagainst Burnley at Turf Moor on December 28, 2019. Reuters
  • A fan holds up a sign in reference to Manchester United's Marcus Rashford inside the Emirates Sstadium before the match against Arsenal on January 1, 2020. Reuters
    A fan holds up a sign in reference to Manchester United's Marcus Rashford inside the Emirates Sstadium before the match against Arsenal on January 1, 2020. Reuters
  • Manchester United's Marcus Rashford in action against Arsenal. Reuters
    Manchester United's Marcus Rashford in action against Arsenal. Reuters
  • Wolverhampton Wanderers defender Conor Coady blocks a shot from Manchester United striker Marcus Rashford during the FA Cup third round match at Molineux on January 4, 2020. AFP
    Wolverhampton Wanderers defender Conor Coady blocks a shot from Manchester United striker Marcus Rashford during the FA Cup third round match at Molineux on January 4, 2020. AFP
  • Manchester United's English striker Marcus Rashford. AFP
    Manchester United's English striker Marcus Rashford. AFP
  • Marcus Rashford of Manchester United holds his back in pain during the English FA Cup third-round replay against Wolverhampton Wanderers. EPA
    Marcus Rashford of Manchester United holds his back in pain during the English FA Cup third-round replay against Wolverhampton Wanderers. EPA
  • Manchester United's Marcus Rashford leaves the pitch due to an injury against Norwich City at Old Trafford on 11 January 2020. EPA
    Manchester United's Marcus Rashford leaves the pitch due to an injury against Norwich City at Old Trafford on 11 January 2020. EPA
  • Marcus Rashford of Manchester United walks off injured against Norwich City. EPA
    Marcus Rashford of Manchester United walks off injured against Norwich City. EPA
  • Marcus Rashford of Manchester United holds his back in pain. EPA
    Marcus Rashford of Manchester United holds his back in pain. EPA
  • Manchester United's Marcus Rashford receives medical attention after sustaining an injury. Reuters
    Manchester United's Marcus Rashford receives medical attention after sustaining an injury. Reuters
  • Manchester United's Marcus Rashford scores their second goal from the penalty spot. Reuters
    Manchester United's Marcus Rashford scores their second goal from the penalty spot. Reuters
  • Manchester United striker Marcus Rashford (R) puts the ball past Norwich City's Dutch goalkeeper Tim Krul. AFP
    Manchester United striker Marcus Rashford (R) puts the ball past Norwich City's Dutch goalkeeper Tim Krul. AFP
  • Marcus Rashford of Manchester United warms up during the English FA Cup third round replay against Wolverhampton Wanderers. EPA
    Marcus Rashford of Manchester United warms up during the English FA Cup third round replay against Wolverhampton Wanderers. EPA
  • Marcus Rashford of Manchester United in action. EPA
    Marcus Rashford of Manchester United in action. EPA

Harry Maguire predicts Marcus Rashford will be a 'wonderful player' for Manchester United


Andy Mitten
  • English
  • Arabic

Ole Gunnar Solskjaer’s priority at the start of this season was building from the back, with defenders Harry Maguire and Aaron Wan Bissaka two of his three summer signings.

The Manchester United manager is delighted with both and feels he can now focus on strengthening his team further forward.

Maguire's £80 million (Dh364.8m/US$99.3m) move from Leicester City makes the England centre-back the most expensive defender in the world.

He and Wan Bissaka, a £45m signing from Crystal Palace, are both in contention to win United’s player of the season when, or if, that award is handed out.

They are playing with Luke Shaw, the 2018-19 player of the year and the most expensive teenager in world football when he moved to Old Trafford in 2014

Shaw, now fit again, and Brandon Williams seem to have settled United’s issues at left-back.

If there is a doubt about the defence, it is Victor Lindelof, although United's coaching staff expect Axel Tuanzebe to develop into a top defender. Injuries have hampered Tuanzebe this season.

Behind them is David de Gea, the best paid goalkeeper on the planet, although his performance has dropped this season from the incredible highs that allowed his agent to negotiate a lucrative new contract a year ago.

United’s defence was playing better than at any time since Solskjaer took over before the coronavirus-enforced lockdown in March.

Since a January home defeat to Burnley, United have kept nine clean sheets in 11 games, winning eight, including against Manchester City (twice) and Chelsea.

That contrasted sharply with their form earlier in January when United lost four of seven games.

Maguire was made captain after Ashley Young left to join Inter Milan, while Marcus Rashford was injured for most of the winning run.

At least he will be back fit to represent his club and country when football resumes.

United’s leading scorer with 19 goals before that January setback, Rashford is developing into a world-class forward, the main man in United’s front line.

He needed to score more goals this season and did. He has already passed his earlier season goal tallies of 8, 11, 13 and 13.

Maguire is a long-time admirer of his teammate.

“I’ve always spoken so highly of Marcus when I was with him at England,” Maguire said. “I can’t speak highly enough of him.

"I think he’s going to go on to have an exceptional career. I also think he’s going to go on – I don’t want to put too much pressure on him – to be a wonderful player for Manchester United, as he is now.”

Maquire was asked on United’s podcast about Rashford being a leader, the most talented player he has played with and a possible future captain of United.

“Yeah, definitely," he said. "I think as a club you should have a captain and rely on him. but you need to spread the onus of the leadership in the group.

"Marcus is there and he battles through every game. Obviously he’s missing through a bad injury at the moment but he’s battling hard to get back and he’s very rarely missing games.

"He’s always wanting to make himself available. I think you can see around the place and on and off the field as well. He’s excellent with his charity work, which is great to see.

"On the pitch, like I said, he’s amazed me. He’s the most talented player I’ve ever played with and I’m sure he’s going to be a wonderful player for this club.”

The mood around United was positive before the lockdown. Results were too.

With Rashford back and Maguire captain and in-form, the return will be keenly anticipated, especially if United add another top attacking threat to play alongside and support Rashford.

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

SQUADS

UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh

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.”

The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EKinetic%207%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Rick%20Parish%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Clean%20cooking%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%2410%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self-funded%3C%2Fp%3E%0A
The biog

Name: Mariam Ketait

Emirate: Dubai

Hobbies: I enjoy travelling, experiencing new things, painting, reading, flying, and the French language

Favourite quote: "Be the change you wish to see" - unknown

Favourite activity: Connecting with different cultures

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

MWTC

Tickets start from Dh100 for adults and are now on sale at www.ticketmaster.ae and Virgin Megastores across the UAE. Three-day and travel packages are also available at 20 per cent discount.

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.