• Juventus' Portuguese forward Cristiano Ronaldo takes off his silver medal after losing the Italian Supercup final to Lazio 3-1 Riyadh, Saudi Arabia. AFP
    Juventus' Portuguese forward Cristiano Ronaldo takes off his silver medal after losing the Italian Supercup final to Lazio 3-1 Riyadh, Saudi Arabia. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo looks on as Lazio collect their winner's medals. AFP
    Juventus' Portuguese forward Cristiano Ronaldo looks on as Lazio collect their winner's medals. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo looks on as Lazio collect their winner's medals. AFP
    Juventus' Portuguese forward Cristiano Ronaldo looks on as Lazio collect their winner's medals. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo takes off his silver medal after losing the Italian Supercup final to Lazio 3-1 Riyadh, Saudi Arabia. AFP
    Juventus' Portuguese forward Cristiano Ronaldo takes off his silver medal after losing the Italian Supercup final to Lazio 3-1 Riyadh, Saudi Arabia. AFP
  • Juventus' Cristiano Ronaldo waves to a young fan following the Italian Super Cup defeat to Lazio at the King Saud University Stadium in Riyadh in Saudi Arabia on Sunday. EPA
    Juventus' Cristiano Ronaldo waves to a young fan following the Italian Super Cup defeat to Lazio at the King Saud University Stadium in Riyadh in Saudi Arabia on Sunday. EPA
  • Juventus' Cristiano Ronaldo. AFP
    Juventus' Cristiano Ronaldo. AFP
  • Supporters cheer from the stands. EPA
    Supporters cheer from the stands. EPA
  • Juventus' Cristiano Ronaldo.
    Juventus' Cristiano Ronaldo.
  • Lazio's Senad Lulic celebrates scoring their second goal with teammates. Lazio won the match 3-1. Reuters
    Lazio's Senad Lulic celebrates scoring their second goal with teammates. Lazio won the match 3-1. Reuters
  • Lazio's Senad Lulic celebrates scoring their second goal with teammates. Lazio won the match 3-1. Reuters
    Lazio's Senad Lulic celebrates scoring their second goal with teammates. Lazio won the match 3-1. Reuters
  • Lazio's Bosnian midfielder Senad Lulic (L) celebrates after scoring during the Supercoppa Italiana final. AFP
    Lazio's Bosnian midfielder Senad Lulic (L) celebrates after scoring during the Supercoppa Italiana final. AFP
  • Juventus' Turkish defender Merih Demiral (L) heads the ball. AFP
    Juventus' Turkish defender Merih Demiral (L) heads the ball. AFP
  • Lazio's Italian forward Ciro Immobile (C) attempts a shot. AFP
    Lazio's Italian forward Ciro Immobile (C) attempts a shot. AFP
  • Lazio's Senad Lulic celebrates scoring their second goal with teammates. Lazio won the match 3-1. Reuters
    Lazio's Senad Lulic celebrates scoring their second goal with teammates. Lazio won the match 3-1. Reuters
  • A young mascot hugs Juventus' Portuguese forward Cristiano Ronaldo. AFP
    A young mascot hugs Juventus' Portuguese forward Cristiano Ronaldo. AFP
  • Lazio's Italian forward Ciro Immobile. AFP
    Lazio's Italian forward Ciro Immobile. AFP
  • Juventus' Cristiano Ronaldo in action with Lazio's Stefan Radu. Reuters
    Juventus' Cristiano Ronaldo in action with Lazio's Stefan Radu. Reuters
  • Juventus' Portuguese forward Cristiano Ronaldo (L) attempts a shot. AFP
    Juventus' Portuguese forward Cristiano Ronaldo (L) attempts a shot. AFP
  • Juventus' Argentinian forward Gonzalo Higuain (L) attempts a shot. AFP
    Juventus' Argentinian forward Gonzalo Higuain (L) attempts a shot. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo. AFP
    Juventus' Portuguese forward Cristiano Ronaldo. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo (C) is marked by Lazio's Brazilian defender Luiz Felipe. AFP
    Juventus' Portuguese forward Cristiano Ronaldo (C) is marked by Lazio's Brazilian defender Luiz Felipe. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo (L) is marked by Lazio's Italian forward Ciro Immobile. AFP
    Juventus' Portuguese forward Cristiano Ronaldo (L) is marked by Lazio's Italian forward Ciro Immobile. AFP
  • Juventus supporters cheer during the Supercoppa Italiana final. AFP
    Juventus supporters cheer during the Supercoppa Italiana final. AFP
  • Lazio's Albanian goalkeeper Thomas Strakosha (L) reacts after conceding a goal from Juventus' Argentine forward Paulo Dybala. AFP
    Lazio's Albanian goalkeeper Thomas Strakosha (L) reacts after conceding a goal from Juventus' Argentine forward Paulo Dybala. AFP
  • Juventus' Argentine forward Paulo Dybala shoots to score during the Supercoppa Italiana final football match between Juventus and Lazio at the King Saud University Stadium in the Saudi capital Riyadh on December 22, 2019. / AFP / GIUSEPPE CACACE
    Juventus' Argentine forward Paulo Dybala shoots to score during the Supercoppa Italiana final football match between Juventus and Lazio at the King Saud University Stadium in the Saudi capital Riyadh on December 22, 2019. / AFP / GIUSEPPE CACACE
  • A Juventus fan holds up a sign for Cristiano Ronaldo before the match. Reuters
    A Juventus fan holds up a sign for Cristiano Ronaldo before the match. Reuters
  • Juventus' Cristiano Ronaldo during the warm up before the Italian Super Cup final against Lazio at the King Saud University Stadium in Riyadh, Saudi Arabia. Reuters
    Juventus' Cristiano Ronaldo during the warm up before the Italian Super Cup final against Lazio at the King Saud University Stadium in Riyadh, Saudi Arabia. Reuters
  • Soccer Football - Italian Super Cup - Juventus v Lazio - King Saud University Stadium, Riyadh, Saudi Arabia - December 22, 2019 Juventus coach Maurizio Sarri REUTERS/Ahmed Yosri
    Soccer Football - Italian Super Cup - Juventus v Lazio - King Saud University Stadium, Riyadh, Saudi Arabia - December 22, 2019 Juventus coach Maurizio Sarri REUTERS/Ahmed Yosri
  • Juventus' Uruguayan midfielder Rodrigo Bentancur vies for the ball with Lazio's Italian forward Ciro Immobile during the Supercoppa Italiana final at the King Saud University Stadium in Riyadh. AFP
    Juventus' Uruguayan midfielder Rodrigo Bentancur vies for the ball with Lazio's Italian forward Ciro Immobile during the Supercoppa Italiana final at the King Saud University Stadium in Riyadh. AFP
  • Lazio players pose for a team photo before the match. Reuters
    Lazio players pose for a team photo before the match. Reuters
  • Lazio's Joaquin Correa in action with Juventus' Merih Demiral. Reuters
    Lazio's Joaquin Correa in action with Juventus' Merih Demiral. Reuters
  • A Juventus supporter displays his picture with Juventus' forward Cristiano Ronaldo at the King Saud University Stadium. AFP
    A Juventus supporter displays his picture with Juventus' forward Cristiano Ronaldo at the King Saud University Stadium. AFP
  • Saudi fans wait for the start of the Supercoppa Italiana final. AFP
    Saudi fans wait for the start of the Supercoppa Italiana final. AFP
  • Juventus' Portuguese forward Cristiano Ronaldo warms up ahead of the Supercoppa Italiana final. AFP
    Juventus' Portuguese forward Cristiano Ronaldo warms up ahead of the Supercoppa Italiana final. AFP
  • A supporter of Juventus gestures ahead of the Supercoppa Italiana final. AFP
    A supporter of Juventus gestures ahead of the Supercoppa Italiana final. AFP
  • Juventus' Cristiano Ronaldo during the warm up. Reuters
    Juventus' Cristiano Ronaldo during the warm up. Reuters
  • A Juventus fan inside the stadium before the match. Reuters
    A Juventus fan inside the stadium before the match. Reuters
  • Juventus forward Paulo Dybala. AFP
    Juventus forward Paulo Dybala. AFP
  • Juventus fans inside the stadium. Reuters
    Juventus fans inside the stadium. Reuters
  • Lazio's Spanish midfielder Luis Alberto (C, #10) opens the scoring for his team during the Supercoppa Italiana final football match between Juventus and Lazio at the King Saud University Stadium in the Saudi capital Riyadh on December 22, 2019. / AFP / GIUSEPPE CACACE
    Lazio's Spanish midfielder Luis Alberto (C, #10) opens the scoring for his team during the Supercoppa Italiana final football match between Juventus and Lazio at the King Saud University Stadium in the Saudi capital Riyadh on December 22, 2019. / AFP / GIUSEPPE CACACE
  • Lazio defender Stefan Radu is marked by Juventus' Cristiano Ronaldo. AFP
    Lazio defender Stefan Radu is marked by Juventus' Cristiano Ronaldo. AFP
  • Lazio's Spanish midfielder Luis Alberto celebrates after scoring. AFP
    Lazio's Spanish midfielder Luis Alberto celebrates after scoring. AFP
  • A Lazio fan holds up a sign for Lazio's Ciro Immobile before the match. Reuters
    A Lazio fan holds up a sign for Lazio's Ciro Immobile before the match. Reuters
  • Juventus' Argentine forward Paulo Dybala. AFP
    Juventus' Argentine forward Paulo Dybala. AFP
  • Juventus fans inside the stadium. Reuters
    Juventus fans inside the stadium. Reuters
  • Lazio's Italian coach Simone Inzaghi. AFP
    Lazio's Italian coach Simone Inzaghi. AFP
  • Juventus players pose for a team photo. Reuters
    Juventus players pose for a team photo. Reuters
  • Lazio's players celebrate their opening goal. AFP
    Lazio's players celebrate their opening goal. AFP

Serie A year in review: Homecomings, Atalanta's rise and Juventus' dominance under threat


Ian Hawkey
  • English
  • Arabic

So, the first big signing of the new decade in Serie A will be Zlatan Ibrahimovic. Anybody sensing some deja vu, or suspecting Italian football remains unusually susceptible to nostalgia is forgiven.

This time 10 years ago, the AC Milan about to reunite with Ibrahimovic were signing David Beckham - for Beckham's second spell with the club.

Beckham was 34 at the time. Ibrahimovic is 38, and though Italian football will certainly be powerfully illuminated by the return of the great Swedish lighthouse, there are tasks too great even for ‘Ibracadabra’s’ enduring magic.

Milan, whom he helped guide to their last league title in 2011, go into 2020 in the bottom half of the table. They were barred from European football this season because of financial fair-play infringements and they are taking orders from their third different manager, Stefano Pioli, in seven months.

Milan's status apart, Ibrahimovic will recognise many aspects of the landscape. It has been a year of homecomings. In August, Mario Balotelli returned to Brescia, the town where he grew up, and though some Super Mario goals have been duly delivered for a struggling club, he found that after three years away, the racist abuse from grandstands remains a part of the sport in Italy, undiminished, perhaps worsened, in its regularity. "Wake up, you imbeciles," Balotelli told his abusers.

Back home, too, are a trio of ambassadors for Italy’s high standards in coaching, armed with the medals they earned abroad. Claudio Ranieri, a Premier League champion with Leicester City in 2016, came back briefly to Roma and then to Sampdoria. Antonio Conte, champion of England in 2017 with Chelsea, took over at Inter Milan, while Maurizio Sarri, who won his first major trophy, the 2019 Europa League, at Chelsea’s helm, was entrusted with retaining Juventus’s iron grip on the league, a grip that began way back in 2012 under Conte.

That backstory has helped make the 2019-20 title race as captivating as any over the last decade. Conte’s Inter and Sarri’s Juve, built around Cristiano Ronaldo, end the year neck-and-neck at the top, on 42 points each. And Juve, champions the last eight years, look genuinely catchable.

They are especially beatable if you are Lazio, who defeated Juve in the Italian Super Cup in Riyadh 3-1 last week, barely two weeks after the same Lazio had inflicted a first league defeat on the champions by the same scoreline.

Atalanta have been the fairytale story of Italian football in 2019, first by qualifying for the Champions League and now by reaching the last 16. Getty Images
Atalanta have been the fairytale story of Italian football in 2019, first by qualifying for the Champions League and now by reaching the last 16. Getty Images

Lazio’s stunning end of year form puts them, at six points behind Juve and Inter but with a match in hand, in the title-race. Centre-forward Ciro Immobile is Serie A’s leading marksmen, with 17 goals from 16 matches, and they are more potent in attack than either the Juve of Ronaldo and Gonzalo Higuain or an Inter led by Romelu Lukaku and Lautaro Martinez.

Ibrahimovic, twice a Serie A winner, is joining a division of high-class finishers, but he will be reassured that not all of them are in the first flush of youth. In 2019, Serie A produced the remarkable story of Fabio Quagliarella’s late blossoming. The Sampdoria forward was leading scorer in 2018/19. He turned 36 in January.

The most fetching tale was that of Atalanta, whose fourth-placed finish defied budgetary constraints. Their fairytale continues into the new year, when the club from Bergamo, unlike nearby Milan or Inter, or for that matter Roma or Lazio, will be competing in the last 16 of the Champions League in this, their debut season in Europe’s principal competition.

Italian national team have enjoyed a positive year under Roberto Mancini, left, while Fabio Quagliarella, right, was the top-scorer in Serie A in 2018/19 at the age of 36. Getty Images
Italian national team have enjoyed a positive year under Roberto Mancini, left, while Fabio Quagliarella, right, was the top-scorer in Serie A in 2018/19 at the age of 36. Getty Images

Atalanta, guided by the shrewd, brave Gian Piero Gasperini, simply do not recognise when they are beaten. They lost their first three group matches in the Champions League and still squeezed through. When they completed their marvellous year with a 5-0 thrashing of Milan, it seemed to beckon all the middleweights in Serie A to feel bold about a league whose established hierarchy has a brittle look. Atalanta, Cagliari and Parma are all in front of a jittery Napoli and the faded Milan in the table.

In Europe, though, there is little Italian muscle. In May, 10 years will have passed since a Serie A club last called itself champion of Europe - Inter - and, other than Juventus’ two finals, in 2015 and 2017, no Italian has reached either European Cup or a Europa League final in the decade.

The good news? A resurgent Azzurri, under Roberto Mancini. Italy, the giants who failed to qualify for the last World Cup, played 10 competitive internationals in 2019. They won all of them. In 2020, they will go to the Euros with the highest possible ambitions.

THE SPECS

Engine: 3.6-litre V6

Transmission: nine-speed automatic

Power: 310hp

Torque: 366Nm

Price: Dh200,000

SQUADS

South Africa:
JP Duminy (capt), Hashim Amla, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, Robbie Frylinck, Beuran Hendricks, David Miller, Mangaliso Mosehle (wkt), Dane Paterson, Aaron Phangiso, Andile Phehlukwayo, Dwaine Pretorius, Tabraiz Shamsi

Bangladesh
Shakib Al Hasan (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shafiul Islam, Soumya Sarkar, Taskin Ahmed

Fixtures
Oct 26: Bloemfontein
Oct 29: Potchefstroom

Dubai Rugby Sevens

November 30-December 2, at The Sevens, Dubai

Gulf Under 19

Pool A – Abu Dhabi Harlequins, Jumeirah College Tigers, Dubai English Speaking School 1, Gems World Academy

Pool B – British School Al Khubairat, Bahrain Colts, Jumeirah College Lions, Dubai English Speaking School 2

Pool C - Dubai College A, Dubai Sharks, Jumeirah English Speaking School, Al Yasmina

Pool D – Dubai Exiles, Dubai Hurricanes, Al Ain Amblers, Deira International School

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

Film: In Syria
Dir: Philippe Van Leeuw
Starring: Hiam Abbass, Diamand Bo Abboud, Mohsen Abbas and Juliette Navis
Verdict: Four stars

Asia%20Cup%202022
%3Cp%3E%3Cstrong%3EWhat%3C%2Fstrong%3E%3Cbr%3EAsia%20Cup%20final%3A%20Sri%20Lanka%20v%20Pakistan%3Cbr%3E%3Cbr%3E%3Cstrong%3EWhen%20%3C%2Fstrong%3E%3Cbr%3ESunday%2C%20September%2011%2C%20from%206pm%3Cbr%3E%3Cbr%3E%3Cstrong%3EWhere%3C%2Fstrong%3E%3Cbr%3EDubai%20International%20Stadium%3Cbr%3E%3Cbr%3E%3Cstrong%3EHow%20to%20watch%3C%2Fstrong%3E%3Cbr%3ECatch%20the%20live%20action%20on%20Starzplay%20across%20Mena%20region.%26nbsp%3B%3C%2Fp%3E%0A
Sheer grandeur

The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
RESULTS

5pm: Maiden | Dh80,000 |  1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm: Handicap |  Dh80,000 |  1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel

6pm: Handicap |  Dh80,000 |  2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle

6.30pm: Handicap |  Dh85,000 |  2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel

7pm: Shadwell Farm for Private Owners Handicap |  Dh70,000 |  2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi

7.30pm: Handicap (TB) |  Dh100,000 |  1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly

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.
UAE%20medallists%20at%20Asian%20Games%202023
%3Cp%3E%3Cstrong%3EGold%3C%2Fstrong%3E%0D%3Cbr%3EMagomedomar%20Magomedomarov%20%E2%80%93%20Judo%20%E2%80%93%20Men%E2%80%99s%20%2B100kg%0D%3Cbr%3EKhaled%20Al%20Shehi%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Men%E2%80%99s%20-62kg%0D%3Cbr%3EFaisal%20Al%20Ketbi%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Men%E2%80%99s%20-85kg%0D%3Cbr%3EAsma%20Al%20Hosani%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Women%E2%80%99s%20-52kg%0D%3Cbr%3EShamma%20Al%20Kalbani%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Women%E2%80%99s%20-63kg%0D%3Cbr%3E%3Cstrong%3ESilver%3C%2Fstrong%3E%0D%3Cbr%3EOmar%20Al%20Marzooqi%20%E2%80%93%20Equestrian%20%E2%80%93%20Individual%20showjumping%0D%3Cbr%3EBishrelt%20Khorloodoi%20%E2%80%93%20Judo%20%E2%80%93%20Women%E2%80%99s%20-52kg%0D%3Cbr%3EKhalid%20Al%20Blooshi%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Men%E2%80%99s%20-62kg%0D%3Cbr%3EMohamed%20Al%20Suwaidi%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Men%E2%80%99s%20-69kg%0D%3Cbr%3EBalqees%20Abdulla%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Women%E2%80%99s%20-48kg%0D%3Cbr%3E%3Cstrong%3EBronze%3C%2Fstrong%3E%0D%3Cbr%3EHawraa%20Alajmi%20%E2%80%93%20Karate%20%E2%80%93%20Women%E2%80%99s%20kumite%20-50kg%0D%3Cbr%3EAhmed%20Al%20Mansoori%20%E2%80%93%20Cycling%20%E2%80%93%20Men%E2%80%99s%20omnium%0D%3Cbr%3EAbdullah%20Al%20Marri%20%E2%80%93%20Equestrian%20%E2%80%93%20Individual%20showjumping%0D%3Cbr%3ETeam%20UAE%20%E2%80%93%20Equestrian%20%E2%80%93%20Team%20showjumping%0D%3Cbr%3EDzhafar%20Kostoev%20%E2%80%93%20Judo%20%E2%80%93%20Men%E2%80%99s%20-100kg%0D%3Cbr%3ENarmandakh%20Bayanmunkh%20%E2%80%93%20Judo%20%E2%80%93%20Men%E2%80%99s%20-66kg%0D%3Cbr%3EGrigorian%20Aram%20%E2%80%93%20Judo%20%E2%80%93%20Men%E2%80%99s%20-90kg%0D%3Cbr%3EMahdi%20Al%20Awlaqi%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Men%E2%80%99s%20-77kg%0D%3Cbr%3ESaeed%20Al%20Kubaisi%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Men%E2%80%99s%20-85kg%0D%3Cbr%3EShamsa%20Al%20Ameri%20%E2%80%93%20Jiu-jitsu%20%E2%80%93%20Women%E2%80%99s%20-57kg%0D%3C%2Fp%3E%0A
Biggest%20applause
%3Cp%3EAsked%20to%20rate%20Boris%20Johnson's%20leadership%20out%20of%2010%2C%20Mr%20Sunak%20awarded%20a%20full%2010%20for%20delivering%20Brexit%20%E2%80%94%20remarks%20that%20earned%20him%20his%20biggest%20round%20of%20applause%20of%20the%20night.%20%22My%20views%20are%20clear%2C%20when%20he%20was%20great%20he%20was%20great%20and%20it%20got%20to%20a%20point%20where%20we%20need%20to%20move%20forward.%20In%20delivering%20a%20solution%20to%20Brexit%20and%20winning%20an%20election%20that's%20a%2010%2F10%20-%20you've%20got%20to%20give%20the%20guy%20credit%20for%20that%2C%20no-one%20else%20could%20probably%20have%20done%20that.%22%3C%2Fp%3E%0A
'I Want You Back'

Director:Jason Orley

Stars:Jenny Slate, Charlie Day

Rating:4/5

What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

Harry%20%26%20Meghan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELiz%20Garbus%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Duke%20and%20Duchess%20of%20Sussex%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A

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.”

Can NRIs vote in the election?

Indians residing overseas cannot cast their ballot abroad

Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency

There are about 3.1 million NRIs living overseas

Indians have urged political parties to extend the right to vote to citizens residing overseas

A committee of the Election Commission of India approved of proxy voting for non-resident Indians

Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.

This option is currently available for the armed forces, police and government officials posted outside India

A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians

However, this did not come before the upper house or Rajya Sabha and has lapsed

The issue of NRI voting draws a huge amount of interest in India and overseas

Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online

The Election Commission of India then clarified that NRIs could not vote online

The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation