• Luis Suarez biting into the arm of Chelsea defender Branislav Ivanovic during the Premier League match in Anfield on April 21, 2013. Shutterstock
    Luis Suarez biting into the arm of Chelsea defender Branislav Ivanovic during the Premier League match in Anfield on April 21, 2013. Shutterstock
  • Rafael Benitez, interim manager of Chelsea, waves prior to the Premier League against Liverpool at Anfield on April 21, 2013. Getty Images
    Rafael Benitez, interim manager of Chelsea, waves prior to the Premier League against Liverpool at Anfield on April 21, 2013. Getty Images
  • Liverpool fans display a sign for Rafael Benitez, interim manager of Chelsea, at Anfield. Getty Images
    Liverpool fans display a sign for Rafael Benitez, interim manager of Chelsea, at Anfield. Getty Images
  • Eden Hazard of Chelsea scores from the penalty spot against Liverpool on April 21, 2013. Getty Images
    Eden Hazard of Chelsea scores from the penalty spot against Liverpool on April 21, 2013. Getty Images
  • Luis Suarez of Liverpool looks dejected with team mates after the opening goal by Oscar of Chelsea. Getty Images
    Luis Suarez of Liverpool looks dejected with team mates after the opening goal by Oscar of Chelsea. Getty Images
  • Branislav Ivanovic of Chelsea with Luis Suarez of Liverpool as they walk in for half time. Getty Images
    Branislav Ivanovic of Chelsea with Luis Suarez of Liverpool as they walk in for half time. Getty Images
  • Liverpool's Luis Suarez with Chelsea's Branislav Ivanovic during the Premier League match at Anfield on April 21, 2013. PA
    Liverpool's Luis Suarez with Chelsea's Branislav Ivanovic during the Premier League match at Anfield on April 21, 2013. PA
  • Liverpool's Luis Suarez, right, and Chelsea's Branislav Ivanovic. PA
    Liverpool's Luis Suarez, right, and Chelsea's Branislav Ivanovic. PA
  • Ramires of Chelsea tackles Jose Enrique of Liverpool. Getty Images
    Ramires of Chelsea tackles Jose Enrique of Liverpool. Getty Images
  • Cesar Azpilicueta of Chelsea is challenged by Philippe Coutinho of Liverpool. Getty Images
    Cesar Azpilicueta of Chelsea is challenged by Philippe Coutinho of Liverpool. Getty Images
  • Luis Suarez of Liverpool shoots wide under a challenge from Branislav Ivanovic. Getty Images
    Luis Suarez of Liverpool shoots wide under a challenge from Branislav Ivanovic. Getty Images
  • Cesar Azpilicueta of Chelsea closes down Philippe Coutinho of Liverpool. Getty Images
    Cesar Azpilicueta of Chelsea closes down Philippe Coutinho of Liverpool. Getty Images
  • Ramires, Mikel and Petr Cech of Chelsea talk to referee Kevin Friend after the equalising goal by Luis Suarez. Getty Images
    Ramires, Mikel and Petr Cech of Chelsea talk to referee Kevin Friend after the equalising goal by Luis Suarez. Getty Images
  • Luis Suarez scores the equalising goal against Chelsea. Getty Images
    Luis Suarez scores the equalising goal against Chelsea. Getty Images
  • Jamie Carragher of Liverpool celebrates the equalising goal scored by Luis Suarez. Getty Images
    Jamie Carragher of Liverpool celebrates the equalising goal scored by Luis Suarez. Getty Images

On this day, April 21, 2013: Liverpool striker Luis Suarez bites Chelsea's Branislav Ivanovic


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Luis Suarez certainly had talent, and still does. But he has also been trouble.

Suarez was already in hot water when he joined Liverpool in 2011, in the midst of serving a seven-match ban for sinking his teeth into PSV's Otman Bakkal while at Ajax.

He first disgraced himself at Anfield in his first full season when he was found guilty of racially abusing Manchester United defender Patrice Evra.

Suarez admitted he had used an offensive word, but insisted in Uruguay it was an endearing term.

The striker was handed an eight-match ban, but that was not the end of the drama.

Liverpool received heavy criticism after their squad wore t-shirts in their support of Suarez, who then refused to shake Evra's hand next time the two clubs met, sparking a fiery encounter.

On to April 21, 2013 and the Uruguay international had just given a penalty away in the Premier League clash with Chelsea that allowed the London club to go 2-1 in front.

Soon after, frustrated, Suarez was grappling with Branislav Ivanovic in the Chelsea penalty area when he inexplicably sunk his teeth into his opponent's shoulder.

Ivanovic went down in pain, but the incident was missed by all the match officials and there was no VAR to call on.

That proved a massive point of contention as Suarez stayed on the pitch and scored an equaliser deep into injury time.

The television cameras did catch it, however, so there was no escape for Suarez, who received widespread condemnation, including from then Prime Minister David Cameron.

The Football Association sent the case to an independent panel, who imposed a 10-game ban, ending his season.

When he returned to action in September of the following season, Suarez let his football do the talking and scored 31 goals in 33 appearances as Liverpool challenged for the title.

That form earned a big-money move to Barcelona in the summer of 2014 but, before he could get to the Nou Camp, there was yet more disgrace for Suarez.

Playing for Uruguay in a group game against Italy at the 2014 World Cup, it was a case of old habits dying hard as the striker clashed with Giorgio Chiellini and again resorted to biting his opponent.

That proved to be the end of his tournament as FIFA hit him with a four-month suspension.

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.”

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
RESULTS

5pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (Dirt) 1,400m
Winner: Yas Xmnsor, Sean Kirrane (jockey), Khalifa Al Neyadi (trainer)

5.30pm: Falaj Hazza – Handicap (PA) Dh70,000 (D) 1,600m
Winner: Arim W’Rsan, Dane O’Neill, Jaci Wickham

6pm: Al Basrah – Maiden (PA) Dh70,000 (D) 1,800m
Winner: Kalifano De Ghazal, Abdul Aziz Al Balushi, Helal Al Alawi

6.30pm: Oud Al Touba – Handicap (PA) Dh70,000 (D) 1,800m
Winner: Pharitz Oubai, Sean Kirrane, Ibrahim Al Hadhrami

7pm: Sieh bin Amaar – Conditions (PA) Dh80,000 (D) 1,800m
Winner: Oxord, Richard Mullen, Abdalla Al Hammadi

7.30pm: Jebel Hafeet – Conditions (PA) Dh85,000 (D) 2,000m
Winner: AF Ramz, Sean Kirrane, Khalifa Al Neyadi

8pm: Al Saad – Handicap (TB) Dh70,000 (D) 2,000m
Winner: Sea Skimmer, Gabriele Malune, Kareem Ramadan

AUSTRALIA%20SQUAD
%3Cp%3EPat%20Cummins%20(capt)%2C%20Scott%20Boland%2C%20Alex%20Carey%2C%20Cameron%20Green%2C%20Marcus%20Harris%2C%20Josh%20Hazlewood%2C%20Travis%20Head%2C%20Josh%20Inglis%2C%20Usman%20Khawaja%2C%20Marnus%20Labuschagne%2C%20Nathan%20Lyon%2C%20Mitchell%20Marsh%2C%20Todd%20Murphy%2C%20Matthew%20Renshaw%2C%20Steve%20Smith%2C%20Mitchell%20Starc%2C%20David%20Warner%3C%2Fp%3E%0A
Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

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