• Toby Alderweireld heads home Spurs' winner in their 2-1 derby victory over Arsenal at the Tottenham Hotspur Stadium, on Sunday, July 12, 2020. EPA
    Toby Alderweireld heads home Spurs' winner in their 2-1 derby victory over Arsenal at the Tottenham Hotspur Stadium, on Sunday, July 12, 2020. EPA
  • Tottenham's Toby Alderweireld, right, celebrates the winner with Harry Winks. Reuters
    Tottenham's Toby Alderweireld, right, celebrates the winner with Harry Winks. Reuters
  • Tottenham's Son Heung-min celebrates after scoring his side's first goal against Arsenal. AP
    Tottenham's Son Heung-min celebrates after scoring his side's first goal against Arsenal. AP
  • Tottenham Hotspur's Harry Kane and Arsenal goalkeeper Emiliano Martinez. PA
    Tottenham Hotspur's Harry Kane and Arsenal goalkeeper Emiliano Martinez. PA
  • Arsenal's Nicolas Pepe in possession. PA
    Arsenal's Nicolas Pepe in possession. PA
  • Dejected Arsenal players after Tottenham's late goal. AFP
    Dejected Arsenal players after Tottenham's late goal. AFP
  • Tottenham's Son Heung-min scores his side's first goal. PA
    Tottenham's Son Heung-min scores his side's first goal. PA
  • Arsenal's Alexandre Lacazette blasts home the opening goal. AP
    Arsenal's Alexandre Lacazette blasts home the opening goal. AP
  • General view of the Tottenham Hotspur Stadium. Getty
    General view of the Tottenham Hotspur Stadium. Getty
  • Spurs manager Jose Mourinho. Getty
    Spurs manager Jose Mourinho. Getty
  • Alexandre Lacazette celebrates the opening goal with teammates. PA
    Alexandre Lacazette celebrates the opening goal with teammates. PA
  • Shkodran Mustafi of Arsenal. Getty
    Shkodran Mustafi of Arsenal. Getty
  • Son Heung-min runs at the Arsenal defence. AP
    Son Heung-min runs at the Arsenal defence. AP

Tottenham manager Jose Mourinho not 'in love with' Europa League but still hopes to win it a third time


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Tottenham manager Jose Mourinho is targeting winning next season's Europa League if his team qualifies, despite admitting admitting it is "not a competition I am in love with".

Spurs took a big step towards reaching the second-tier European competition with a 2-1 win against Arsenal on Sunday thanks to Toby Alderweireld's late goal.

Mourinho has already won the Europa League with Manchester United and with Porto – when it was the Uefa Cup – and wants his side to allow him a crack at a third.

"I would love to play Europa League," said the Spurs boss, whose side are eighth in the Premier League table.

Seventh place could be enough to secure qualification, depending on results in the FA Cup.

"It is not a competition I am in love with, it is not a competition that I like very, very much to play, but when you cannot play the Champions League, you play the Europa League," added Mourinho.

"In my career I have only played the Europa League twice and I have won it twice. It would not be bad to play a third time and win it a third time. We have to fight until the end to finish in a Europa League place.

"If you ask [six-time Formula One world champion] Lewis Hamilton if he wants to win Formula Two, I don't think it will be a great deal for him, but it is a competition and I prefer to play Europa League than to not play."

While the victory helped Spurs' European ambitions, it dealt a major blow to Arsenal's.

Meanwhile, Gunners boss Mikel Arteta has promised to keep on fighting. His side were in front through Alexandre Lacazette's first-half screamer before a defensive howler allowed Son Heung-min to equalise, with Alderweireld then left unmarked at a late corner.

"Points-wise it is a massive blow because we know the results this weekend, but we will keep trying until we have no hope," he said.

"This is who we are. We are fighting in two different ways, one in the league and one in the FA Cup. Will we do our best and try and finish as strong as possible."

Results

5pm: Wadi Nagab – Maiden (PA) Dh80,000 (Turf) 1,200m; Winner: Al Falaq, Antonio Fresu (jockey), Ahmed Al Shemaili (trainer)

5.30pm: Wadi Sidr – Handicap (PA) Dh80,000 (T) 1,200m; Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Fakhama, Fernando Jara, Mohamed Daggash

6.30pm: Wadi Shees – Handicap (PA) Dh80,000 (T) 2,200m; Winner: Mutaqadim, Antonio Fresu, Ibrahim Al Hadhrami

7pm: Arabian Triple Crown Round-1 – Listed (PA) Dh230,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami

7.30pm: Wadi Tayyibah – Maiden (TB) Dh80,000 (T) 1,600m; Winner: Poster Paint, Patrick Cosgrave, Bhupat Seemar

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

Take Me Apart

Kelela

(Warp)

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

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

Final scores

18 under: Tyrrell Hatton (ENG)

- 14: Jason Scrivener (AUS)

-13: Rory McIlroy (NIR)

-12: Rafa Cabrera Bello (ESP)

-11: David Lipsky (USA), Marc Warren (SCO)

-10: Tommy Fleetwood (ENG), Chris Paisley (ENG), Matt Wallace (ENG), Fabrizio Zanotti (PAR)

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Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

Brief scoreline:

Al Wahda 2

Al Menhali 27', Tagliabue 79'

Al Nassr 3

Hamdallah 41', Giuliano 45 1', 62'

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.”