Everyone in Rosario has a tale to tell about Lionel Messi, the Argentinian city’s most famous son who rivals Pope Francis as a national icon.
Messi’s link to there has made the people of the port city doubly nervous about Sunday’s World Cup final when their country take on Germany in Rio de Janeiro. The Barcelona striker has only scored four goals in the tournament so far.
“I hope that Messi becomes his old self again Sunday and hits a goal,” said Monica Domina who once taught the football genius.
Domina admitted she knows little about football, but she is still “anxious” about Sunday’s match.
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Taxi driver Daniel Rodriguez is able to point out Messi’s former home in a working class district away from central Rosario. “Everyone else is second class,” he said.
“My grandson went to the same school as Messi and still remembers the little boy with his ball who everyone chased and noone could catch,” said 80-year-old Elsa Uhrig.
Messi is not the only Argentina player from Rosario. Javier Mascherano and Maxi Rodriguez also played for Newell’s Old Boys. While Angel di Maria, Ezequiel Garay and Ezequiel Lavezzi were at Rosario Central.
But the city on the Parana river clings to the superstar footballer, four time winner of the world player of the year, even though he left the city at the age of 11. His father lost his job as a steelworker and Barcelona paid for the $900 (Dh3,305) a month cost for growth hormones to treat his rare condition.
Tens of thousands of people descended on the central square to chant the names of the players after Argentina beat the Netherlands on penalties in Wednesday’s semi-final. Thousands have gone to Rio de Janeiro to be near the team as they play on Sunday, few have tickets to get into the Maracana Stadium.
The World Cup is becoming as important to Argentina as the election of Pope Francis in 2012. For many fans an Argentina win will be a miracle after so many disappointments against Germany.
At the Argentinian training camp in Brazil, the ‘hinchas’ supporters sometimes dress up as the pope, complete with a Francis mask. Some carry photos showing the former Archbishop of Buenos Aires next to Messi.
In the capital, a plastic blowup version of the Christ The Redeemer statue that dominates Rio is put up for each World Cup match in the Obelisco, the district that is the traditional venue for football celebrations.
“We cannot complain” in having the pope and one of the world’s best known sporting stars, said Buenos Aires inhabitant Elida Troneberger. “There is no doubt, they represent us well.”
Messi, a fervent Roman Catholic, and the pope, a big football fan, have both risen to international recognition from humble beginnings. Pope Francis, born Jorge Bergoglio, is the son of a Buenos Aires train driver and a card-carrying member of San Lorenzo, one of Argentina’s best known clubs.
The pontiff caused a minor sensation when, two months after his election, he put up three fingers in responding to another San Lorenzo fan who was in St Peter’s Square. A few days before the team had beaten rival Boca Juniors 3-0.
After scoring goals, Messi often points a finger to the sky as though he is acting on divine intervention.
If Messi scores in an Argentinian victory on Sunday he will almost certainly be considered a saint in his home country.
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UAE currency: the story behind the money in your pockets
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
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.”
SCHEDULE
Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.
Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.
Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.
Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.
Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.
Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.
Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.
Saturday, April 27: 4pm and 8pm awards ceremony.
German plea
Ukrainian President Volodymyr Zelenskyy told the German parliament that. Russia had erected a new wall across Europe.
"It's not a Berlin Wall -- it is a Wall in central Europe between freedom and bondage and this Wall is growing bigger with every bomb" dropped on Ukraine, Zelenskyy told MPs.
Mr Zelenskyy was applauded by MPs in the Bundestag as he addressed Chancellor Olaf Scholz directly.
"Dear Mr Scholz, tear down this Wall," he said, evoking US President Ronald Reagan's 1987 appeal to Soviet leader Mikhail Gorbachev at Berlin's Brandenburg Gate.
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5