• Spanish lawyer Joan Laporta celebrates after being elected as Barcelona president for a second time. AFP
    Spanish lawyer Joan Laporta celebrates after being elected as Barcelona president for a second time. AFP
  • The silhouette of Joan Laporta, new Barcelona president, before his press conference. Reuters
    The silhouette of Joan Laporta, new Barcelona president, before his press conference. Reuters
  • Journalists watch Spanish lawyer Joan Laporta (on screen) drinking a toast to celebrate his victory in the Barcelona presidential elections. AFP
    Journalists watch Spanish lawyer Joan Laporta (on screen) drinking a toast to celebrate his victory in the Barcelona presidential elections. AFP
  • The screen shows the results where the candidate Joan Laporta was elected by the members as the new president of Barcelona. Reuters
    The screen shows the results where the candidate Joan Laporta was elected by the members as the new president of Barcelona. Reuters
  • Newly elected FC Barcelona president Joan Laporta and his staff before the press conference. Reuters
    Newly elected FC Barcelona president Joan Laporta and his staff before the press conference. Reuters
  • Spanish lawyer Joan Laporta delivers a speech at the auditorium of the Camp Nou complex. AFP
    Spanish lawyer Joan Laporta delivers a speech at the auditorium of the Camp Nou complex. AFP
  • Newly elected FC Barcelona president Joan Laporta and his staff. Reuters
    Newly elected FC Barcelona president Joan Laporta and his staff. Reuters
  • Joan Laporta and his staff during press conference. Reuters
    Joan Laporta and his staff during press conference. Reuters
  • Newly elected FC Barcelona president Joan Laporta. Reuters
    Newly elected FC Barcelona president Joan Laporta. Reuters
  • Newly elected FC Barcelona president Joan Laporta wearing a protective face mask before his press conference. Reuters
    Newly elected FC Barcelona president Joan Laporta wearing a protective face mask before his press conference. Reuters
  • Joan Laporta and his staff after press conference. Reuters
    Joan Laporta and his staff after press conference. Reuters
  • Spanish lawyer Joan Laporta celebrates his victory at the auditorium of the Camp Nou complex after winning the election for the FC Barcelona presidency. AFP
    Spanish lawyer Joan Laporta celebrates his victory at the auditorium of the Camp Nou complex after winning the election for the FC Barcelona presidency. AFP

Joan Laporta uses Johan Cruyff and Lionel Messi as symbols of hope on return to Barcelona


Ian Hawkey
  • English
  • Arabic

Joan Laporta, elected as Barcelona’s president with an emphatic majority on Sunday night, came to his coronation with ready-made symbols.

He and his allies wore orange face-masks, in tribute to the late Johan Cruyff, of the Netherlands and, for so many years, inspirational player and coach of Barca.

Laporta had his diary a notable anniversary, too. “Twenty years ago, there was a kid who made his debut for the Barcelona boys B team,” noted Laporta in his victory speech, having won almost 55 per cent of the 55,000 votes cast by the club’s member supporters.

That boy was Lionel Messi, now 33, who had turned up at Camp Nou earlier in the day to cast his vote in the secret ballot, accompanied by his son Thiago.

“To me, seeing Leo come and vote proves what we have been saying throughout this campaign – that Leo loves Barcelona,” smiled Laporta. “The best player in the world loves Barcelona. We hope that helps with the decisions that have to be made in the future.”

The big Messi decision had dominated the lead-up to the elections and the long hiatus since the previous president, Josep Maria Bartomeu, stood down in October.

Messi’s current contract with the club where he has spent his entire career expires in June, and the gesture of his voting – as registered ‘socios’, or members, all Barcelona players are entitled to but not all do – will be widely interpreted as a show of his affection for Barcelona.

Laporta revealed he had received a congratulation message from the captain. “I think he wants to stay,” said the new boss.

Messi, hostile to Bartomeu, tried to leave last summer. If he wants to again, he knows he can count on many suitors at clubs in better health than Barca.

But he will listen intently to the persuasions of Laporta. The new president had cited his close relationship with Messi in his campaign. “If another candidate wins, Messi will certainly leave,” Laporta had forecast. Around the Camp Nou stadium, the main polling station, on Sunday some fans had chanted ‘Messi, Stay!”

The player himself has said only he will make a decision at the end of this season, a season which began in open confrontation with Bartomeu. The now ex-president, citing the €700 million buyout clause in Messi’s huge contract, blocked Messi leaving. That was one of his last executive acts. Bartomeu was gone in a matter of weeks.

Laporta will bring charisma and a long list of past glories to the role. He knows Messi well because he served as president when Messi rose from the club’s academy to the first team.

Joan Laporta, in his first spell as Barcelona president, shakes hands with Lionel Messi after the Argentine attacker signed a contract extension in 2005. AFP
Joan Laporta, in his first spell as Barcelona president, shakes hands with Lionel Messi after the Argentine attacker signed a contract extension in 2005. AFP

Laporta’s first mandate, between 2003 and 2010 turned out to be a golden era, with two Champions League titles, twice as many as the club had ever won before, and some bold choices, notably the appointment of Pep Guardiola as manager when Guardiola had no senior experience as a coach.

Granting Laporta his second stint, Barcelona fans voted emphatically for more of that Midas touch, for his clear association with the admired Cruyff, whose ideas about how football should be played have become so influential at Barcelona, and for his bond with Messi.

But the challenges are huge. “The first thing we must do is a thorough audit,” said Laporta yesterday before heading off to talk to the players and manager Ronaldo Koeman at the club’s training ground.

Barcelona have an overall debt of close to €1.2 billion, and although they last year recorded the highest revenues of any football club, that income has been hit hard by the Covid-19 crisis. Fans have been restricted from entry into the 98,000 capacity Camp Nou for almost a year.

On the field, standards have fallen. In 2019-2020, Barcelona finished without a trophy last season for the first time in 12 seasons. Their best hope of silverware in Laporta's first few months is the Copa del Rey, whose final they reached thanks to last week's stirring comeback in the semi, from 2-0 down to Sevilla after 90 minutes, to 3-2 winners in extra time of the second leg. That was well timed for Koeman: No would-be new president was likely to speak of possible new managers after that display.

In la Liga, Barcelona are second, trailing Atletico Madrid, who could go six points clear on Wednesday, the same night Barcelona are in France, likely to confirm their elimination from the Champions League. They are 4-1 behind after the first leg of their last-16 tie against Paris Saint-Germain.

It means Laporta’s first night back in the front seat of a VIP section, will be in Paris, and a stark reminder of how times have changed. Back in 2006, he watched his Barcelona win a European Cup in the French capital. In the same city, he must see them confront the PSG juggernaut already three goals down, the clear underdogs.

________________________________________________________________

Barca 1 PSG 4: player ratings

  • BARCELONA RATINGS: Marc-Andre ter Stegen, 6 - Kept busier than in recent domestic games but stranded by Mbappe’s magnificence for the visitors’ opening goal. Another fine save from Mbappe on 46 minutes but beaten twice again in the second half and Kean’s header went through his hands. Overwhelmed, like his team. Getty
    BARCELONA RATINGS: Marc-Andre ter Stegen, 6 - Kept busier than in recent domestic games but stranded by Mbappe’s magnificence for the visitors’ opening goal. Another fine save from Mbappe on 46 minutes but beaten twice again in the second half and Kean’s header went through his hands. Overwhelmed, like his team. Getty
  • Sergino Dest, 4 - The young American will never forget the night he tried to contain Mbappe – a near impossible task and Pique tried to talk him through with little success as he was found out of position. Looked a little nervous and did his best, but it’d be easier to make a house out of jelly. EPA
    Sergino Dest, 4 - The young American will never forget the night he tried to contain Mbappe – a near impossible task and Pique tried to talk him through with little success as he was found out of position. Looked a little nervous and did his best, but it’d be easier to make a house out of jelly. EPA
  • Gerard Pique, 5 - Surprise call up having been out since November, but with Aruajo out, needs must and Pique’s experience was called on. Sidestepped by Mbappe for the first PSG goal. Which defender wouldn’t have been? Blocked a Verrati shot with his head and heeled a Florenzi cross away from goal – towards Mbappe who scored the second. The defining image of the game is him trying – and failing – to stop Mbappe. AFP
    Gerard Pique, 5 - Surprise call up having been out since November, but with Aruajo out, needs must and Pique’s experience was called on. Sidestepped by Mbappe for the first PSG goal. Which defender wouldn’t have been? Blocked a Verrati shot with his head and heeled a Florenzi cross away from goal – towards Mbappe who scored the second. The defining image of the game is him trying – and failing – to stop Mbappe. AFP
  • Clement Lenglet, 5 - Not the certain starter he was a year ago, but Koeman went for his experience against his compatriots. Involved, but not always in a good way and looked all over the place as PSG asserted their superiority. Reuters
    Clement Lenglet, 5 - Not the certain starter he was a year ago, but Koeman went for his experience against his compatriots. Involved, but not always in a good way and looked all over the place as PSG asserted their superiority. Reuters
  • Jordi Alba, 6 - Left looking where the ball was when former Barça player Icardi headed a corner just wide at the end of an excellent first half. In the second, Alba’s pass was handled and it looked like it should have been a penalty. AFP
    Jordi Alba, 6 - Left looking where the ball was when former Barça player Icardi headed a corner just wide at the end of an excellent first half. In the second, Alba’s pass was handled and it looked like it should have been a penalty. AFP
  • Frenkie de Jong, 6 - Won a 26th minute penalty after tripping. And that was just about his highlight. Cut a forlorn figure after as he explained how his side had been outclassed. Getty
    Frenkie de Jong, 6 - Won a 26th minute penalty after tripping. And that was just about his highlight. Cut a forlorn figure after as he explained how his side had been outclassed. Getty
  • Sergio Busquets, 6 - A cerebral and hugely successful footballer, but struggled against PSG’s fleet-heeled forwards. And midfielders as they attacked in waves with devastating speed and precision. Normally has over 100 touches per games – had just 58 in 77 minutes. EPA
    Sergio Busquets, 6 - A cerebral and hugely successful footballer, but struggled against PSG’s fleet-heeled forwards. And midfielders as they attacked in waves with devastating speed and precision. Normally has over 100 touches per games – had just 58 in 77 minutes. EPA
  • Pedri, 6 - New signing and a revelation this season, the teen put Griezmann towards goal on 13 minutes. Stopped an 18th minute Mbappe effort going in on the line. Tough first half for him against Gueye, who fouled him (and several other Barca players) and was booked on 20 minutes. An experience for him to play a game of such a high level. AFP
    Pedri, 6 - New signing and a revelation this season, the teen put Griezmann towards goal on 13 minutes. Stopped an 18th minute Mbappe effort going in on the line. Tough first half for him against Gueye, who fouled him (and several other Barca players) and was booked on 20 minutes. An experience for him to play a game of such a high level. AFP
  • Lionel Messi, 7 - Looked on it at the start. One-two with Griezmann early on, came deep to try and get more involved, smashed a 26th minute left foot penalty centrally past Navas. Used to outclassing teams, it was his time to be outclassed as Barça were humiliated in the Champions League for a fourth consecutive season. Reuters
    Lionel Messi, 7 - Looked on it at the start. One-two with Griezmann early on, came deep to try and get more involved, smashed a 26th minute left foot penalty centrally past Navas. Used to outclassing teams, it was his time to be outclassed as Barça were humiliated in the Champions League for a fourth consecutive season. Reuters
  • Antoine Griezmann, 6 - A 13th minute shot well saved by Navas. Ran from his own half with the ball and chased by three players after 36 minutes to shoot past Navas – but just wide. AFP
    Antoine Griezmann, 6 - A 13th minute shot well saved by Navas. Ran from his own half with the ball and chased by three players after 36 minutes to shoot past Navas – but just wide. AFP
  • Ousmane Dembele, 5 - Feeble 28th minute shot should have made it 2-0, but the ball trickled towards Navas. Exciting when he got the ball on the right, but PSG’s defence were so well organised to blunt him. A poor showing against his compatriots. EPA
    Ousmane Dembele, 5 - Feeble 28th minute shot should have made it 2-0, but the ball trickled towards Navas. Exciting when he got the ball on the right, but PSG’s defence were so well organised to blunt him. A poor showing against his compatriots. EPA
  • SUBS: Oscar Mingueza, N/A - On for Dest 72. Had to stop the unplayable Mbappe, but how to stop a player who is unplayable? You can’t. AFP
    SUBS: Oscar Mingueza, N/A - On for Dest 72. Had to stop the unplayable Mbappe, but how to stop a player who is unplayable? You can’t. AFP
  • Trincao, N/A - On for Piqie on 78. He’s been in form lately and scoring goals but had little impact. Reuters
    Trincao, N/A - On for Piqie on 78. He’s been in form lately and scoring goals but had little impact. Reuters
  • Riqui Puig, N/A - On for Pedri on 78. Looked a boy among men. AFP
    Riqui Puig, N/A - On for Pedri on 78. Looked a boy among men. AFP
  • Miralem Pjanic, N/A - On for Busquets on 78. Wanted more minutes in Koeman’s side. Didn’t want them when his side were already beaten. AP
    Miralem Pjanic, N/A - On for Busquets on 78. Wanted more minutes in Koeman’s side. Didn’t want them when his side were already beaten. AP
  • Martin Braithwaite, N/A - On for Griezmann on 85. Like trying to put a large fire out with a small cup of water. The damage was done and Pjanic had to urge him to get the ball quicker for a corner. EPA
    Martin Braithwaite, N/A - On for Griezmann on 85. Like trying to put a large fire out with a small cup of water. The damage was done and Pjanic had to urge him to get the ball quicker for a corner. EPA
  • PSG RATINGS: Keylor Navas, 5 – The former Real Madrid goalkeeper could do little to stop Lionel Messi’s penalty, but was very lucky not to be punished when he tried to outwit Antoine Griezmann with a disastrous chipped clearance which almost ended up in the back of the net. AP
    PSG RATINGS: Keylor Navas, 5 – The former Real Madrid goalkeeper could do little to stop Lionel Messi’s penalty, but was very lucky not to be punished when he tried to outwit Antoine Griezmann with a disastrous chipped clearance which almost ended up in the back of the net. AP
  • Alessandro Florenzi, 7 – After a cagey first half he was excellent in the second and he produced a vital clearance on the slide with the hosts piling on the pressure, before charging forward to supply the cross which allowed Kylian Mbappe to rifle in his second. Getty
    Alessandro Florenzi, 7 – After a cagey first half he was excellent in the second and he produced a vital clearance on the slide with the hosts piling on the pressure, before charging forward to supply the cross which allowed Kylian Mbappe to rifle in his second. Getty
  • Marquinhos, 6 – Like Florenzi, he will have been relieved to see the Griezmann chance go begging when he was uncertain as to whether he should close down the forward or track the runner, but asides from that it was a steady night’s work for the Brazilian. AFP
    Marquinhos, 6 – Like Florenzi, he will have been relieved to see the Griezmann chance go begging when he was uncertain as to whether he should close down the forward or track the runner, but asides from that it was a steady night’s work for the Brazilian. AFP
  • Presnel Kimpembe, 7 - Another big performance at the back from Kimpembe, who produced a crucial block to deny Ousmane Dembele early in the contest before reacting quickest to snuff out Sergio Busquets’ ball over the top for Messi. AFP
    Presnel Kimpembe, 7 - Another big performance at the back from Kimpembe, who produced a crucial block to deny Ousmane Dembele early in the contest before reacting quickest to snuff out Sergio Busquets’ ball over the top for Messi. AFP
  • Layvin Kurzawa, 7 - Guilty of tripping De Jong in the box as Messi made no mistake from 12 yards, but he responded perfectly when his cross was flicked into the path of Mbappe who hammered in the leveller before ter Stegen’s fingertips denied him a huge goal. AFP
    Layvin Kurzawa, 7 - Guilty of tripping De Jong in the box as Messi made no mistake from 12 yards, but he responded perfectly when his cross was flicked into the path of Mbappe who hammered in the leveller before ter Stegen’s fingertips denied him a huge goal. AFP
  • Leandro Paredes, 7 – A story of set pieces. A lethargic first half was epitomised by a couple of poor deliveries, but when it really mattered he put a precise free-kick on a plate for Kean to steer the visitors into a 3-1 lead having earlier unleashed Florenzi to set up Mbappe’s second of the night. Reuters
    Leandro Paredes, 7 – A story of set pieces. A lethargic first half was epitomised by a couple of poor deliveries, but when it really mattered he put a precise free-kick on a plate for Kean to steer the visitors into a 3-1 lead having earlier unleashed Florenzi to set up Mbappe’s second of the night. Reuters
  • Idrissa Gueye, 5 - For a split-second it looked like Barcelona were in trouble when he lined one up from distance only for his strike to bend comfortably wide. He was booked for hauling down Pedri and seemed determined to get sent off until his withdrawal at the break. AFP
    Idrissa Gueye, 5 - For a split-second it looked like Barcelona were in trouble when he lined one up from distance only for his strike to bend comfortably wide. He was booked for hauling down Pedri and seemed determined to get sent off until his withdrawal at the break. AFP
  • MF Moise Kean, 8 – How Everton fans will be wishing they’d seen a bit more of this. The winger forced a corner after ghosting between two defenders with frightening acceleration before he was twice denied by smart saves from ter Stegen, but he popped up at the back post to nod the French side into dreamland. AFP
    MF Moise Kean, 8 – How Everton fans will be wishing they’d seen a bit more of this. The winger forced a corner after ghosting between two defenders with frightening acceleration before he was twice denied by smart saves from ter Stegen, but he popped up at the back post to nod the French side into dreamland. AFP
  • Marco Verratti, 8 - PSG’s most influential player inside the opening 45 minutes as the Italian pulled the strings in the middle and set up Mbappe with a lovely calculated flick. He was equally effective at the other end, thwarting Griezmann with a glorious tackle. AFP
    Marco Verratti, 8 - PSG’s most influential player inside the opening 45 minutes as the Italian pulled the strings in the middle and set up Mbappe with a lovely calculated flick. He was equally effective at the other end, thwarting Griezmann with a glorious tackle. AFP
  • Kylian Mbappe, 10 - An exceptional talent, a remarkable hat-trick. The sensational forward showed brilliant feet to shift the ball away from Clement Lenglet and onto his left foot before smashing PSG level. He was on hand again to hammer Les Parisiens in front and he capped an electric evening with a fine strike into the top corner. AFP
    Kylian Mbappe, 10 - An exceptional talent, a remarkable hat-trick. The sensational forward showed brilliant feet to shift the ball away from Clement Lenglet and onto his left foot before smashing PSG level. He was on hand again to hammer Les Parisiens in front and he capped an electric evening with a fine strike into the top corner. AFP
  • Mauro Icardi, 6 - Wasted one of the chances of the night when his tame strike was hooked away to safety by Pedri with the goal gaping and he showed a similar lack of conviction after the break when he opted to flick the ball to Kean when it was begging to be hit. AFP
    Mauro Icardi, 6 - Wasted one of the chances of the night when his tame strike was hooked away to safety by Pedri with the goal gaping and he showed a similar lack of conviction after the break when he opted to flick the ball to Kean when it was begging to be hit. AFP
  • SUBS: Ander Herrera, 6 - Replaced the less than subtle Idrissa Gueye at the interval as Maurico Pochettino exercised caution and he almost sent Mbappe away again with a lifted ball over the top. AP
    SUBS: Ander Herrera, 6 - Replaced the less than subtle Idrissa Gueye at the interval as Maurico Pochettino exercised caution and he almost sent Mbappe away again with a lifted ball over the top. AP
  • Thilo Kehrer, N/A - Thrown into the mix in place of Alessandro Florenzi as the visitors saw off a late Barca rally. AFP
    Thilo Kehrer, N/A - Thrown into the mix in place of Alessandro Florenzi as the visitors saw off a late Barca rally. AFP
  • Julian Draxler, N/A - Replaced Marco Verratti in the 72nd minute and put the icing on the cake when he showed excellent close control before laying the ball off for Mbappe to complete a brilliant hat-trick. AFP
    Julian Draxler, N/A - Replaced Marco Verratti in the 72nd minute and put the icing on the cake when he showed excellent close control before laying the ball off for Mbappe to complete a brilliant hat-trick. AFP
  • DF Danilo Pereira, N/A - Replaced the impressive Moise Kean. The idea was probably to preserve the lead the visitors already had rather than extending it, but Mbappe had other ideas. AFP
    DF Danilo Pereira, N/A - Replaced the impressive Moise Kean. The idea was probably to preserve the lead the visitors already had rather than extending it, but Mbappe had other ideas. AFP
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11 cabbie-recommended restaurants and dishes to try in Abu Dhabi

Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)

Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)

Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)

Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).

Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)

Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)

Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)

Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)

Pinky Food Restaurant in Tanker Mai for tilapia

Tasty Zone for Nepalese-style noodles (Dh15)

Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)

Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

SPEC%20SHEET
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M2%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206%2C%20Bluetooth%205.0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Silver%2C%20space%20grey%2C%20starlight%2C%20midnight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%20or%2035W%20dual-port%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C999%3C%2Fp%3E%0A
OPTA'S PREDICTED TABLE

1. Liverpool 101 points

2. Manchester City 80 

3. Leicester 67

4. Chelsea 63

5. Manchester United 61

6. Tottenham 58

7. Wolves 56

8. Arsenal 56

9. Sheffield United 55

10. Everton 50

11. Burnley 49

12. Crystal Palace 49

13. Newcastle 46

14. Southampton 44

15. West Ham 39

16. Brighton 37

17. Watford 36

18. Bournemouth 36

19. Aston Villa 32

20. Norwich City 29

 

 

 

 

 

 

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Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

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's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

UAE currency: the story behind the money in your pockets
THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

'Young girls thinking of big ideas'

Words come easy for aspiring writer Afra Al Muhairb. The business side of books, on the other hand, is entirely foreign to the 16-year-old Emirati. So, she followed her father’s advice and enroled in the Abu Dhabi Education Council’s summer entrepreneurship course at Abu Dhabi University hoping to pick up a few new skills.

“Most of us have this dream of opening a business,” said Afra, referring to her peers are “young girls thinking of big ideas.”

In the three-week class, pupils are challenged to come up with a business and develop an operational and marketing plan to support their idea. But, the learning goes far beyond sales and branding, said teacher Sonia Elhaj.

“It’s not only about starting up a business, it’s all the meta skills that goes with it -- building self confidence, communication,” said Ms Elhaj. “It’s a way to coach them and to harness ideas and to allow them to be creative. They are really hungry to do this and be heard. They are so happy to be actually doing something, to be engaged in creating something new, not only sitting and listening and getting new information and new knowledge. Now they are applying that knowledge.”

Afra’s team decided to focus their business idea on a restaurant modelled after the Leaning Tower of Pisa. Each level would have a different international cuisine and all the meat would be halal. The pupils thought of this after discussing a common problem they face when travelling abroad.

“Sometimes we find the struggle of finding halal food, so we just eat fish and cheese, so it’s hard for us to spend 20 days with fish and cheese,” said Afra. “So we made this tower so every person who comes – from Africa, from America – they will find the right food to eat.”

rpennington@thenational.ae