Real Madrid took a huge step towards reaching the Copa del Rey final as they beat local rivals and holders Atletico Madrid 3-0 thanks to two own goals in their semi-final, first leg on Wednesday.
Barcelona look set to meet their historical rivals in the final as they took a 2-0 first leg advantage over Real Sociedad in the other semi-final at the Camp Nou.
Atletico had beaten Real at the Santiago Bernabeu in last year’s final, but the hosts quickly set about making amends for that defeat as Emiliano Insua deflected Pepe’s effort into his own net after just 17 minutes.
Jese Rodriguez, who was only starting because of Gareth Bale's late withdrawal from the squad due to a calf injury, doubled Real's advantage with a low finish from Angel di Maria's pass just before the hour mark.
Di Maria was involved again as Real all but secured their place in the final when his deflected strike 17 minutes from time was credited as another own goal by Atletico defender Miranda.
Defeat ends a 24-game unbeaten run for Atletico and they will need a remarkable fightback to retain their title in the second leg at the Vicente Calderon on Tuesday.
Real manager Carlo Ancelotti hailed his side’s performance as the best since he took over last summer.
“I think it was (the best performance). Above all because the team we were facing is a very difficult team to play against. They are very strong and aggressive, so I thought we played very well,” he said.
“I am completely satisfied. We did everything well, we moved the ball with pace and were very aggressive without it. I wish the team could always play like they did tonight.”
Atletico coach Diego Simeone, meanwhile, was left to rue his side’s luck.
“I think Real Madrid played very well, but they scored twice with shots that hit our players on the body and went in.
“It is a very favourable result for the opponent, but apart from that there is nothing I can draw from the game at the moment.
“We still have 90 minutes to play and anything can happen in football.”
In a typically intense encounter it was Real who were posing a more consistent threat early on and they went in front when Pepe wandered forward to meet Xabi Alonso’s pass and his shot deflected off Insua and past the helpless Thibaut Courtois.
Miranda nearly restored parity moments later from Koke’s free-kick as Iker Casillas came to Real’s rescue and Atletico also came close to an equaliser just after half-time Diego Godin headed over from point-blank range.
However, Real dealt the visitors a sucker punch of a blow just before the hour mark as Di Maria found Jese with a lovely through ball and the Spanish under-21 international’s effort squeezed under Courtois.
A brilliant goal line clearance from Modric prevented Godin from halving the deficit 18 minutes from time.
And within 60 seconds, Real had added to their advantage when Di Maria’s long-range effort cannoned off Miranda to once again wrong-foot Courtois.
Barcelona also had luck on their side as Enaut Zubikarai’s own goal added to Sergio Busquets’ opener handed them a comfortable win over 10-man Sociedad.
Lionel Messi’s drought without a goal from open play extended to five games, but the Argentine was extremely unlucky not to give his side the lead with a wonderful free-kick that came back off the underside of the bar.
Jose Manuel Pinto then prevented Barca from going behind as he saved Carlos Vela’s effort.
That stop was to prove vital as a minute later Busquets bundled home the opener and Inigo Martinez received a straight red card for taking his protests to the referee too far.
With Sociedad a man down, Barca went for the kill after half-time but had to rely on a huge slice of luck to double their advantage as Gorka Elustondo smashed an intended clearance off his own goalkeeper Zubikarai and the ball rebounded into the net.
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
More on Quran memorisation:
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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
THE SPECS
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The specs
Engine: 6.2-litre V8
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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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India squad
Virat Kohli (captain), Rohit Sharma, Mayank Agarwal, K.L. Rahul, Shreyas Iyer, Manish Pandey, Rishabh Pant, Shivam Dube, Kedar Jadhav, Ravindra Jadeja, Yuzvendra Chahal, Kuldeep Yadav, Deepak Chahar, Mohammed Shami, Shardul Thakur.
