If his initial stint at Chelsea was blink-and-you-missed-it, then Nemanja Matic’s reintroduction demanded undivided attention.
The Serb, brought back in January to the English Premier League club after a few seasons with Benfica in Portugal, was handed his first league start early last month, in the crucial encounter at Manchester City.
City had been rampant this season at Etihad Stadium, winning all 11 matches, and knew victory would take them above Arsenal at the summit.
For Chelsea, then three points behind their opponents, a defeat would strike a significant blow to their title aspirations.
Matic's inclusion represented a sizeable endorsement from manager Jose Mourinho. Not only was the returning midfielder, 25, thrust into the belly of the battle, but he would provide direct opposition to Yaya Toure, City's most influential player.
Yet, it was Matic who supplied a titanic display, excelling in the centre of the pitch as Chelsea recorded a 1-0 triumph.
It was a performance of such promise that Twitter was flooded with plaudits, chief among those from Joey Barton.
“Matic currently out Toure-ing Yaya Toure,” tweeted the QPR midfielder. “Won’t see many do that. Bigger, stronger and quicker than him.”
Read our Q and A with Chelsea manager Jose Mourinho here
As he reflects one month later on that watershed moment, Matic’s response is somewhat more understated.
“I don’t like to say I played against him, or him, or him – I prefer to say I played against Manchester City,” he said in an interview with Chelsea’s magazine.
“I have a lot of respect for every player and it doesn’t matter what his name is; I respect each opponent exactly the same.
“I wanted to show my quality and I know it was important to start well, because that helped me to feel more comfortable. The most important thing is that the people who work with me every day feel I give my best.”
It took some convincing that his best was good enough for a club with pretensions of ruling England and conquering Europe.
Having signed in 2009 from Slovakia’s Kosice, Matic, at 6ft 4ins, is an imposing, yet elegant central midfielder who struggled to break into the first team. After his first season, he was loaned to Vitesse in Holland.
Six months later, he was included in the deal that brought in David Luiz from Benfica. Playing alongside Pablo Aimar, Matic soon established himself as an integral cog in Jorge Jesus’s side, although the 2012/13 campaign ended in frustration.
Benfica lost the Primera Liga title by a solitary point, and finished runners-up in both the Portuguese Cup and the Europa League.
There, ironically, it was Chelsea who proved their conquerors. However, from the wreckage of an ultimately disappointing season, Matic emerged as Portugal’s Player of the Year.
His swift progress persuaded Chelsea to re-sign him during the most recent transfer window. Matic had developed into more than simply a tenacious ball-winner; by now he was an accomplished, deep-lying playmaker, too.
Confident that he fit Chelsea’s requirements at the base of midfield – he is a considerable upgrade on John Mikel Obi – Mourinho paid £21 million (Dh129m) to recruit Matic on a five-and-a-half-year contract.
Since then, he has been a fixture in Chelsea’s march to the peak of the Premier League.
Predictably, Matic is relishing his prominent role.
“I’m a midfielder. If I don’t take responsibility, who is going to? That’s why it was important for me to go away, to grow,” he said. “I feel different than I felt three years ago.
“Maybe if I stayed at Chelsea, I would not play like I do now; maybe I would have played better, maybe I would play worse, you never know. But for me, in that moment, it was good to go and play.
“I learnt a lot at Benfica … not only how to play that central-midfield position, but I learnt to play with pressure. There is a lot at the club, just like there is at Chelsea, and it was good for me to go.”
As transformative as was his time at Benfica, Matic’s transition to Chelsea has been helped by a compatriot and comrade.
Branislav Ivanovic, the experienced Serbian defender, has acted as mentor to Matic, guiding him both on the pitch and off, even filling in the blanks when his already proficient English fails him.
Having observed at close quarters his young countryman through two spells in west London, Ivanovic sees in Matic a “different confidence and attitude. He is the one who is leading the game”.
That respect is reciprocated, if a little exaggerated.
“We are only a small country, but for us Serbians, I would say Branislav is a bit like David Beckham in England,” Matic says. “He is at one of the best clubs in the world and he is one of our best players. In Serbia, he is a king.”
If he continues to furnish Chelsea’s midfield with high-class performances, Matic may soon enjoy similar affection in the club’s royal blue.
He comes from a particularly strong football lineage: his father played professionally in the former Yugoslavia, while younger brother Uros features for NAC Breda in the Dutch Eredivisie.
Matic may have taken slightly longer than his sibling to arrive at his current destination – when on Kosice’s books, there was a trial at Middlesbrough.
Now back at Chelsea, his focus is on solely what lies ahead. “Who knows what would have happened if I signed for Middlesbrough? Would I be here today?
“All I know is that I am a Chelsea player now and very happy to be here. I am 25 and I hope the best years of my career are going to be here.”
jmcauley@thenational.ae
The latest edition of Chelsea magazine is available to download on your tablet now from www.chelseafc.com/mobile
Follow us on Twitter @SprtNationalUAE
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Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
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.”
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
One in nine do not have enough to eat
Created in 1961, the World Food Programme is pledged to fight hunger worldwide as well as providing emergency food assistance in a crisis.
One of the organisation’s goals is the Zero Hunger Pledge, adopted by the international community in 2015 as one of the 17 Sustainable Goals for Sustainable Development, to end world hunger by 2030.
The WFP, a branch of the United Nations, is funded by voluntary donations from governments, businesses and private donations.
Almost two thirds of its operations currently take place in conflict zones, where it is calculated that people are more than three times likely to suffer from malnutrition than in peaceful countries.
It is currently estimated that one in nine people globally do not have enough to eat.
On any one day, the WFP estimates that it has 5,000 lorries, 20 ships and 70 aircraft on the move.
Outside emergencies, the WFP provides school meals to up to 25 million children in 63 countries, while working with communities to improve nutrition. Where possible, it buys supplies from developing countries to cut down transport cost and boost local economies.
RESULT
Al Hilal 4 Persepolis 0
Khribin (31', 54', 89'), Al Shahrani 40'
Red card: Otayf (Al Hilal, 49')
SHAITTAN
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What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
UAE currency: the story behind the money in your pockets
Rocketman
Director: Dexter Fletcher
Starring: Taron Egerton, Richard Madden, Jamie Bell
Rating: 3 out of 5 stars
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5