• Chelsea's Olivier Giroud celebrates scoring the only goal against Atletico. EPA
    Chelsea's Olivier Giroud celebrates scoring the only goal against Atletico. EPA
  • Chelsea's Olivier Giroud celebrates scoring the only goal against Atletico. Reuters
    Chelsea's Olivier Giroud celebrates scoring the only goal against Atletico. Reuters
  • Chelsea's German coach Thomas Tuchel congratulates Giroud. AFP
    Chelsea's German coach Thomas Tuchel congratulates Giroud. AFP
  • Giroud celebrates with his Chelsea teammates. EPA
    Giroud celebrates with his Chelsea teammates. EPA
  • Olivier Giroud scores the only goal of the night against Atletico. Reuters
    Olivier Giroud scores the only goal of the night against Atletico. Reuters
  • Chelsea's Olivier Giroud celebrates scoring the only goal against Atletico. EPA
    Chelsea's Olivier Giroud celebrates scoring the only goal against Atletico. EPA
  • Chelsea celebrate taking the lead in the Champions League tie with Atletico. EPA
    Chelsea celebrate taking the lead in the Champions League tie with Atletico. EPA

'He trains like a 20-year-old' - Thomas Tuchel's tribute to Chelsea match-winner Olivier Giroud


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  • Arabic

Chelsea manager Thomas Tuchel paid tribute to Olivier Giroud after the striker struck a fine winner against Atletico Madrid in their Champions League last 16 first leg.

The France international produced a wonderful overhead kick in the 68th minute to secure a 1-0 victory at Arena Nationala in Bucharest, with coronavirus travel restrictions preventing the tie taking place at the Wanda Metropolitano.

While 34-year-old Giroud had to wait for a lengthy VAR check, the goal was eventually given and it was his sixth in the competition this season after a crucial late effort at Rennes and a four-goal haul at Sevilla in the group stage.

Tuchel said: "If you see him on a daily basis, you cannot be surprised. He is totally fit, his body is in shape and his physicality is on top level.

"Mentally I have really the feeling he enjoys every day being a professional soccer player on this level and this is the level he needs to be.

"He trains like a 20-year-old, like a 24-year-old. He is a guy who has a good mixture of serious and joy in training. He is always positive and it is a big factor for the group.

"He starts, when he comes from the bench, he has all these qualities and it is good like this."

Giroud, who was rested at Southampton last weekend, was one of four changes made by the German with Callum Hudson-Odoi also handed a start despite being substituted after only 31 minutes at St Mary's following his half-time introduction.

Chelsea recovered from a nervy opening few minutes in Romania to dominate the majority of the contest and prevent LaLiga leaders Atletico from having a single shot on target.

The Blues boss added: "I am super happy for my players and the team for such a big reward. We actually can read it on the scoreline that we have the result against top opponents.

"It was very important that we are absolutely concentrated over all 96 minutes and that we also accept that it's very hard to create chances, but we did all that and it was a very good team effort."

A negative for the Premier League club, who are unbeaten in eight games since Tuchel replaced Frank Lampard on January 26, was cautions for Mason Mount and Jorginho which will rule them out of the second leg.

With the upper hand in the tie, especially with the away goal, the 47-year-old stressed the importance of Chelsea not becoming "lazy" during the next three weeks before the return meeting at Stamford Bridge on March 17.

"We will miss two crucial players, it makes things not easy for us, but I am very happy with the performance of everybody," Tuchel insisted.

"Honestly, we now play Man Utd, Liverpool, Everton and Leeds; it is good like this. We cannot get comfortable, we cannot get lazy. These games will push us to our limits, then we will think about our solutions for the second leg."

Atletico were without several players, including the suspended Kieran Trippier, and struggled in unfamiliar surroundings to suffer a second straight defeat following Saturday's 2-0 loss to Levante.

It is now one victory in five games for Diego Simeone's side and he said: "I understood we had to play like this.

"I think the main problem was we didn't have a lot of precision about taking back the ball.

"It was a hard game, no one had a lot of chances of scoring but also it was very difficult with their attack because they have really strong and quality players."

The lowdown

Rating: 4/5

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

COMPANY%20PROFILE%20
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Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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 
BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

PRIMERA LIGA FIXTURES

All times UAE ( 4 GMT)

Saturday
Atletico Madrid v Sevilla (3pm) 
Alaves v Real Madrid (6.15pm) 
Malaga v Athletic Bilbao (8.30pm) 
Girona v Barcelona (10.45pm)

Sunday
Espanyol v Deportivo la Coruna (2pm) 
Getafe v Villarreal (6.15pm) 
Eibar v Celta Vigo (8.30pm)
Las Palmas v Leganes (8.30pm)
Real Sociedad v Valencia (10.45pm)

Monday
Real Betis v Levante (11.pm)

Company%20Profile
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SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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BUNDESLIGA FIXTURES

(All games 4-3pm kick UAE time) Bayern Munich v Augsburg, Borussia Dortmund v Bayer Leverkusen, Hoffenheim v Hertha Berlin, Wolfsburg v Mainz , Eintracht Frankfurt v Freiburg, Union Berlin v RB Leipzig, Cologne v Schalke , Werder Bremen v Borussia Monchengladbach, Stuttgart v Arminia Bielefeld

COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Korean Film Festival 2019 line-up

Innocent Witness, June 26 at 7pm

On Your Wedding Day, June 27 at 7pm

The Great Battle, June 27 at 9pm

The Witch: Part 1. The Subversion, June 28 at 4pm

Romang, June 28 at 6pm

Mal Mo E: The Secret Mission, June 28 at 8pm

Underdog, June 29 at 2pm

Nearby Sky, June 29 at 4pm

A Resistance, June 29 at 6pm 

 

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.”

Health Valley

Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000

Men’s singles 
Group A:
Son Wan-ho (Kor), Lee Chong Wei (Mas), Ng Long Angus (HK), Chen Long (Chn)
Group B: Kidambi Srikanth (Ind), Shi Yugi (Chn), Chou Tien Chen (Tpe), Viktor Axelsen (Den)

Women’s Singles 
Group A:
Akane Yamaguchi (Jpn), Pusarla Sindhu (Ind), Sayaka Sato (Jpn), He Bingjiao (Chn)
Group B: Tai Tzu Ying (Tpe), Sung Hi-hyun (Kor), Ratchanok Intanon (Tha), Chen Yufei (Chn)

While you're here
MATCH INFO

Group B

Bayern Munich v Tottenham, midnight (Thursday)

COMPANY%20PROFILE
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MATCH INFO

Quarter-finals

Saturday (all times UAE)

England v Australia, 11.15am 
New Zealand v Ireland, 2.15pm

Sunday

Wales v France, 11.15am
Japan v South Africa, 2.15pm

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. 

RESULTS - ELITE MEN

1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40    
6. Joao Silva (POR) 57:45   
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57           
9. Gustav Iden (NOR) 57:58            
10. Richard Murray (RSA) 57:59       

The specs

Engine: 3.5-litre V6

Power: 272hp at 6,400rpm

Torque: 331Nm from 5,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.7L/100km

On sale: now

Price: Dh149,000