• UAE manager Bert van Marwijk attends a training session ahead of the 2022 World Cup qualifier against Malaysia at the Zabeel Stadium in Dubai on Wednesday, June 2, 2021. Chris Whiteoak / The National
    UAE manager Bert van Marwijk attends a training session ahead of the 2022 World Cup qualifier against Malaysia at the Zabeel Stadium in Dubai on Wednesday, June 2, 2021. Chris Whiteoak / The National
  • UAE player Sebastian Tagliabue trains at the Zabeel Stadium. Chris Whiteoak / The National.
    UAE player Sebastian Tagliabue trains at the Zabeel Stadium. Chris Whiteoak / The National.
  • UAE player Adel Al Hosani trains at the Zabeel Stadium in Dubai. Chris Whiteoak / The National
    UAE player Adel Al Hosani trains at the Zabeel Stadium in Dubai. Chris Whiteoak / The National
  • UAE players train for their World Cup qualifier against Malaysia at the Zabeel Stadium. Chris Whiteoak / The National.
    UAE players train for their World Cup qualifier against Malaysia at the Zabeel Stadium. Chris Whiteoak / The National.
  • UAE player Tahnoun Al Zaabi trains at the Zabeel Stadium. Chris Whiteoak / The National.
    UAE player Tahnoun Al Zaabi trains at the Zabeel Stadium. Chris Whiteoak / The National.
  • UAE manager Bert van Marwijk talks to the players at the Zabeel Stadium in Dubai. Chris Whiteoak / The National.
    UAE manager Bert van Marwijk talks to the players at the Zabeel Stadium in Dubai. Chris Whiteoak / The National.
  • UAE players train at the Zabeel Stadium. Chris Whiteoak / The National.
    UAE players train at the Zabeel Stadium. Chris Whiteoak / The National.
  • Bert van Marwijk oversees a training session at the Zabeel Stadium. Chris Whiteoak / The National
    Bert van Marwijk oversees a training session at the Zabeel Stadium. Chris Whiteoak / The National
  • UAE players train ahead of their World Cup qualifier against Malaysia. Chris Whiteoak / The National.
    UAE players train ahead of their World Cup qualifier against Malaysia. Chris Whiteoak / The National.

UAE manager Bert van Marwijk admits victory only option in World Cup qualifiers


John McAuley
  • English
  • Arabic

Bert van Marwijk says the UAE have no option but to win their remaining four World Cup qualifiers if they are to advance to the next round – starting on Thursday night against Malaysia.

The national team, currently fourth in Group G, resume their campaign at the Zabeel Stadium, kicking off a crammed 13-day period in Dubai in which they complete the second round of qualification. Only the group winners advance automatically to the next stage, alongside the four best runners-up.

Group G restarts following a 19-month hiatus, with the UAE still five points off leaders Vietnam. However, they have played a game less than the other four sides in the group.

The match against second-placed Malaysia – three points separate the two – represents the return fixture from their September 2019 encounter, where the UAE triumphed 2-1 in Kuala Lumpur.

“We worked very hard to prepare for this game because we all know that it’s a very, very important game for us,” said Van Marwijk, back in his second stint as manager, on Wednesday. “And we also only concentre on this game. We see it game-by-game, and we realise that we have to win everything to qualify for the next round.”

Asked how his team will handle the pressure of needing to glean maximum points from the four matches, the Dutchman said: “This is what it is. I cannot change that and we know it. And we already know for a long time. All the players and staff members – everybody – knows that to start we have to win.

“On the other side, you also need pressure to perform at the top. For the players I think it’s no problem. For me neither. I only think about the next match all the time, my whole life.

“Because I know if you want to perform well you cannot concentrate on more things. It is not easy, but on the other side there’s only one choice: we have to win.”

Van Marwijk, who masterminded Saudi Arabia's qualification to the 2018 World Cup, played down the fact the UAE play at home during the next two weeks – all qualifiers have been moved to centralised venues because of the pandemic – but he did welcome the return of spectators to attending the matches. Announced on Tuesday, the qualifiers are open to 30 per cent capacity.

Van Marwijk, reappointed in December having been dismissed a year previously after nine months in charge, said he has been impressed with his players' understanding of his philosophy.

“Results [in recent friendlies] say almost nothing to me, but I can see that the players become better and better," he said. "It will be very important for the match tomorrow, and I’m 100 per cent sure that everybody will do his utmost best. I also like the way we play. And you also need a little bit of luck.”

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.”

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

Ant-Man and the Wasp

Director: Peyton Reed

Starring: Paul Rudd, Evangeline Lilly, Michael Douglas

Three stars

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

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Price: From Dh1,700,000

Available: Now

Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

How to come clean about financial infidelity
  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

IF YOU GO
 
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
 
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info

 Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.

Why seagrass matters
  • Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
  • Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
  • Biodiversity: Support species like sea turtles, dugongs, and seabirds
  • Coastal protection: Reduce erosion and improve water quality

Meatless Days
Sara Suleri, with an introduction by Kamila Shamsie
​​​​​​​Penguin 

Europe wide
Some of French groups are threatening Friday to continue their journey to Brussels, the capital of Belgium and the European Union, and to meet up with drivers from other countries on Monday.

Belgian authorities joined French police in banning the threatened blockade. A similar lorry cavalcade was planned for Friday in Vienna but cancelled after authorities prohibited it.

Other promotions
  • Deliveroo will team up with Pineapple Express to offer customers near JLT a special treat: free banana caramel dessert with all orders on January 26
  • Jones the Grocer will have their limited edition Australia Day menu available until the end of the month (January 31)
  • Australian Vet in Abu Dhabi (with locations in Khalifa City A and Reem Island) will have a 15 per cent off all store items (excluding medications) 
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

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

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