• Tottenham Hotspur's Lucas Moura after the Europa League defeat to Royal Antwerp on Thursday. Reuters
    Tottenham Hotspur's Lucas Moura after the Europa League defeat to Royal Antwerp on Thursday. Reuters
  • Antwerp coach Ivan Leko celebrates with players after winning the Europa League match against Tottenham Hotspur. EPA
    Antwerp coach Ivan Leko celebrates with players after winning the Europa League match against Tottenham Hotspur. EPA
  • Son Heung-Min of Tottenham is challenged by Jeremy Gelin of Royal Antwerp. Getty
    Son Heung-Min of Tottenham is challenged by Jeremy Gelin of Royal Antwerp. Getty
  • Jeremy Gelin, right, takes on Son Heung-Min. EPA
    Jeremy Gelin, right, takes on Son Heung-Min. EPA
  • Tottenham's Serge Aurier, left, congratulates Royal Antwerp's Faris Haroun after Royal Antwerp won the Europa League match. AP
    Tottenham's Serge Aurier, left, congratulates Royal Antwerp's Faris Haroun after Royal Antwerp won the Europa League match. AP
  • Tottenham manager Jose Mourinho after the defeat. PA
    Tottenham manager Jose Mourinho after the defeat. PA
  • from left: Antwerp's Simen Juklerod, Birger Verstraete and Ritchie De Laet at the Bosuilstadion in Antwerp. PA
    from left: Antwerp's Simen Juklerod, Birger Verstraete and Ritchie De Laet at the Bosuilstadion in Antwerp. PA
  • Players of Antwerp celebrate after winning the Europa League match against Tottenham Hotspur. EPA
    Players of Antwerp celebrate after winning the Europa League match against Tottenham Hotspur. EPA
  • Harry Kane of Tottenham has his shot blocked in Antwerp. EPA
    Harry Kane of Tottenham has his shot blocked in Antwerp. EPA
  • Royal Antwerp's goalkeeper Jean Butez goes for a save. AP
    Royal Antwerp's goalkeeper Jean Butez goes for a save. AP

Jose Mourinho wanted to 'make 11 changes at half-time' during Tottenham's Europa League defeat to Royal Antwerp


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Tottenham Hotspur manager Jose Mourinho said the disappointing performances of his players during Thursday's 1-0 Europa League defeat to Royal Antwerp would make it "very easy" to pick his team going forward.

Mourinho made nine changes to the lineup from Monday's 1-0 Premier League win at Burnley but Spurs fell behind inside 30 minutes after an error from defender Ben Davies allowed Antwerp forward Lior Refaelov to score from close range.

Dele Alli, Steven Bergwijn, Giovani lo Celso and Carlos Vinicius were all replaced at halftime but Spurs were unable to get back on level terms. It was their first defeat since losing 1-0 to Everton on the Premier League's opening weekend in September.

"I would like to have made 11 changes at half-time," Mourinho said. "I didn't make five as I was afraid of a long 45 minutes.

"I always like to think the players deserve an opportunity. We have a big squad with lots of good players," he added.

"It's my responsibility to give them opportunities but it's also their opportunity to catch the chance with both hands and ask for more.

"Tonight shows my future choices are going to be very easy."

Alli's future now is looking increasingly bleak as Mourinho freezes him out.

It was just his third start and he has not stayed on past 60 minutes, which could make it difficult for him to get any rhythm.

But Mourinho expects all of his players who come into the side to hit the ground running.

He added: "Of course. Of course. That's what I want from the players, that's what I expect from the players, especially when you're a player with ambitions to be first choice, play in the most important matches and start every match, especially now in the Premier League. You have to show.

"That's an obvious thing. Everybody works the same, trains the same, learns the same. We prepare every match with the same care, the same tactical work we did yesterday is the same we did before Burnley, before Manchester, before every match.

"So of course I expect. But again I go back to the beginning and it's my responsibility to chose the players to play."

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Rating: 4/5

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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

The five pillars of Islam

1. Fasting 

2. Prayer 

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4. Shahada 

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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.”

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Shooting Ghosts: A U.S. Marine, a Combat Photographer, and Their Journey Back from War by Thomas J. Brennan and Finbarr O’Reilly

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million