Cristiano Ronaldo cuts a frustrated figure during Real Madrid's draw against Athletic Bilbao on Saturday. Ander Gillenea / AFP
Cristiano Ronaldo cuts a frustrated figure during Real Madrid's draw against Athletic Bilbao on Saturday. Ander Gillenea / AFP
Cristiano Ronaldo cuts a frustrated figure during Real Madrid's draw against Athletic Bilbao on Saturday. Ander Gillenea / AFP
Cristiano Ronaldo cuts a frustrated figure during Real Madrid's draw against Athletic Bilbao on Saturday. Ander Gillenea / AFP

Real Madrid will have 'another opportunity' to catch Barcelona as Zidane remains calm after latest draw


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Real Madrid manager Zinedine Zidane tried to hide his disappointment at missing the chance to close to gap on rivals Barcelona at the top of the Primera Liga to six points on Saturday.

Madrid failed to capitalise on Barca's 2-2 draw at home to Celta Vigo earlier in the day as they played out a 0-0 stalemate at Athletic Bilbao to drop points for the sixth time in 14 Primera Liga games so far this season.

"For me the most important thing is to keep thinking that we are going to have another opportunity throughout the course of the season to cut the gap," Zidane said.

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That opportunity to cut the eight-point gap between the sides is most likely to come when Madrid host Barcelona in three weeks.

However, Madrid could go into that match fifth in the table as they currently lead Sevilla only on goal difference in fourth and trail Valencia and Atletico Madrid.

Zidane's men will also be without captain Sergio Ramos, who saw his 24th career red card late on at Sam Mames, Dani Carvajal and Casemiro through suspension when Sevilla visit the Bernabeu next weekend.

And Madrid will play a game fewer in the Primera Liga than their rivals before the end of the year as they arrive in the UAE to contest the Fifa Club World Cup between December 13-16.

"At the moment there are three teams in front of us, but there are still six months left. We are at little behind, but there is a long way to go," Zidane said.

Zidane had shown his intent to pounce on Barca's slip-up by naming his strongest available side as Gareth Bale once again missed out through injury.

Without the man from Cardiff, Madrid started with the same line-up that started the Uefa Champions League final in the Welsh capital six months ago.

However, Zidane insisted it is merely results and not the level of performance that has changed for Madrid since they swept Juventus aside to retain the Champions League and beat Barcelona to the Primera Liga title last season.

"It is the result, nothing more. When I look at the game today, I can't say we are playing worse," the Frenchman said. "What changes things are goals. That day we scored four against Juve and today we couldn't score.

"Last season we would score goals in the last minute and at the moment that isn't happening. We need to keep going and think that there will be better moments to come."

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Sunday's games

All times UAE:

Tottenham Hotspur v Crystal Palace, 4pm

Manchester City v Arsenal, 6.15pm

Everton v Watford, 8.30pm

Chelsea v Manchester United, 8.30pm

How Beautiful this world is!
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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

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.”

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10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

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FINAL RESULT

Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)

Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2

Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross

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