LONDON // There are few things more seductive than Arsenal at this stage of the season.
When thoughts of a title challenge have faded, the European challenge has (probably) fizzled out and all there is to play for is qualification for next season's Uefa Champions League, Arsenal come into their own.
This victory was their fifth in a row and cemented them in third in the Premier League, six points clear of Liverpool in fifth, who play at Swansea City on Monday.
There is even, almost unthinkably, an outside chance they could reel in Chelsea and mount an implausible title challenge, although the leaders are six points clear with two games in hand.
Second-placed City, 1 point ahead, perhaps represent a more likely target.
Realistically, though, everybody knows this is simply the same pattern repeating, Arsenal producing the late-season surge that means they keep the Champions League revenues flowing and ensure the new season starts with a sense of optimism.
Even Arsene Wenger seemed to be pursuing that line when he was asked if Arsenal are in the title race.
“Not at the moment,” he said.
“But we just can keep going. We have won eight of the last nine and we are stronger today than we were at the start of the season.
“The players understand each other better than six seven months ago and that makes everybody more dangerous.”
This was a comfortable enough victory, goals arriving towards the end of each half just as a sense of anxiety might have been starting to build.
“Overall, it was a good performance,” Wenger said. “In the first half, we created many chances but couldn’t score.
“In the second half, coming out of dressing room, I thought that we were a bit short of energy and West Ham were on top for a period.”
In that sense this was typical Arsenal. They were neat and purposeful.
Had it not been for the wastefulness of Theo Walcott, still rusty as he continues his rehabilitation, and the excellence of Adrian in the West Ham United goal – his string of saves made all the more remarkable by the fact he dislocated a finger in the warm-up – they could have had the match won by the break.
Their pressure did tell eventually, though, Olivier Giroud finishing off an intricate move with a superb finish in first-half injury time.
“It was the sort of goal we like to score,” Wenger said. “A fantastic goal – the consequence of a fantastic combination just before and on top of that the finishing was great.”
The rhythm Arsenal had built up was rather disrupted by the break, but West Ham, ravaged by injury and having won just one of their last 12 games, rarely looked as though they had the wherewithal to take advantage.
Tellingly, Sam Allardyce did not attend the post-match news conference, sending his assistant Neil McDonald. “He’s trying to pick the players up and angry at conceding the two goals towards the end,” McDonald said.
Aaron Ramsey made the game safe with nine minutes remaining following a smart one-two with Giroud, and the big forward was involved in the build-up to the third, releasing Santi Cazorla to cross for his fellow substitute Mathieu Flamini to score.
Giroud was excellent, as he has been in every game he has played since his dismal display against Monaco, and he will presumably start in the Champions League on Tuesday.
Even his form, though, feels like part of the old pattern: Arsenal dismissing the lower two-thirds of the Premier League without ever being able to impose themselves on the best sides or under the heaviest pressure.
This was a job competently done, but what happens as they look to overhaul a 3-1 first-leg deficit in Monaco will be far more significant.
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
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May 2025
The High Court of England and Wales approves the company’s restructuring plan
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Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Company: Verity
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Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
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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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