MILAN // Inter Milan, treble winners last season and Italian Super Cup holders, are currently in possession of so many trophies that you might imagine the loss of an old, frankly rather tarnished one would not overly bother them. Not so. The propriety of the 2006 Serie A title, the scudetto, remains a heated issue, not least ahead of tomorrow's Derby D'Italia against Juventus.
Juve last month made their most strident efforts yet to have Inter's name removed from the roll of honour for that championship. Juventus finished top of Serie A that May, only for the status of champions to be taken from them in the light of the so-called "Moggigate" or calciopoli scandal, when evidence emerged that club directors, chiefly Luciano Moggi had been systematically manipulating match officials.
Inter, who had finished the season in second place were then awarded the title, while Juve were relegated. Juve's view is that Inter, according to phone taps made by police investigators during the period, may not have been entirely ignorant or innocent of the practice of trying to influence who refereed which games in Serie A. Hence the irritation of Juve at the destiny of the 2006 title. The 2005 scudetto, it should be pointed out, was granted to no club, after the Moggigate verdicts were cast; Juve had also ended up top in that year. Better that solution, declaring no champion, Juve believe, than to regard Inter as the 2006 holders.
The issue will certainly be visible in the grandstands tomorrow, on banners and in chants exchanged between rivals barely in need of an extra edge in this fixture but certain to address the 2006 title all the same. The 2006 trophy has long been Inter's "cardboard scudetto", as far as Juve fans are concerned. In the minds of older interisti, meanwhile, Juve were enjoying favours from referees since long before the time investigated during Moggigate. For the last dozen years, the Derby D'Italia has provoked memories of the close joust between Juve and Inter for the 1998 scudetto, and the circumstances that swayed that duel in Juve's favour.
Back then, Juventus and Inter were separated by a single point at the top of the table, with four matches of the campaign remaining. When Juve's Mark Iuliano brought down the brilliant Brazil striker Ronaldo, it seemed Inter had the penalty that would win them the game and the advantage in the league. But the referee Piero Ceccarini gave no spot-kick. Worse, moments later, he had awarded Juve the penalty that effectively took them to the title.
Plenty of baggage then, although not quite as many direct participants as in recent times to carry it. Post-calciopoli derbies have tended to focus on players with shared ties to the clubs, controversial links given that Inter were a popular new home for Juve players in the wake of the 2006 scandal. Zlatan Ibrahimovic, who left Inter in 2009, jumped ship to the Milan club when Juve were relegated. So did Patrick Vieira, who has now moved back to England. Nor is Fabio Cannavaro, who represented both clubs, any longer a Juve player, having opted to pursue his UAE adventure.
A more sober outlook than the ones typically provided over the last two seasons by Jose Mourinho is also coming from Inter's coach Rafa Benitez and his counterpart Gigi Delneri. Benitez is visibly buoyed by the four goals Inter put past Werder Bremen in midweek in the Champions League, though he was yesterday still looking for reassurance over a number of fitness issues, notably concerning the quartet of senior defensive players Lucio, Walter Samuel, Javier Zanetti and Marco Materazzi.
Juve, who trail Inter by three points in the table, gained midweek encouragement in Europe, too, at least in the eyes of Delneri. Reflecting on the 1-1 draw with Manchester City in the Europa League, Delneri said: "We showed people who thought we would go to England and concede a lot of goals that in fact we are steadily improving." He concedes his radically restructured squad still show symptoms of a lack of familiarity, but ahead of his biggest fixture yet as Juve coach, he declared: "I feel relaxed."
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Tomorrow 10.45pm, Aljazeera Sport +1
Serie A fixtures
Today
Udinese v Cesena 8pm
Parma v AC Milan 10.45pm
Tomorrow
Lecce v Catania 2.30pm
Bologna v Sampdoria 5pm
Chievo v Cagliari 5pm
Fiorentina v Palermo 5pm
Genoa v Bari 5pm
Lazio v Brescia 5pm
Napoli v Roma 5pm
Inter Milan v Juventus 10.45pm
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
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.”
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
RESULT
Manchester City 1 Sheffield United 0
Man City: Jesus (9')
UAE currency: the story behind the money in your pockets
Mubadala World Tennis Championship 2018 schedule
Thursday December 27
Men's quarter-finals
Kevin Anderson v Hyeon Chung 4pm
Dominic Thiem v Karen Khachanov 6pm
Women's exhibition
Serena Williams v Venus Williams 8pm
Friday December 28
5th place play-off 3pm
Men's semi-finals
Rafael Nadal v Anderson/Chung 5pm
Novak Djokovic v Thiem/Khachanov 7pm
Saturday December 29
3rd place play-off 5pm
Men's final 7pm
Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
RESULT
Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')
Man of the match: Christopher Schindler (Huddersfield Town)
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
RESULT
Bayern Munich 0 AC Milan 4
Milan: Kessie (14'), Cutrone (25', 43'), Calhanoglu (85')
The Saga Continues
Wu-Tang Clan
(36 Chambers / Entertainment One)
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Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
MATCH INFO
Barcelona 2
Suarez (10'), Messi (52')
Real Madrid 2
Ronaldo (14'), Bale (72')
How England have scored their set-piece goals in Russia
Three Penalties
v Panama, Group Stage (Harry Kane)
v Panama, Group Stage (Kane)
v Colombia, Last 16 (Kane)
Four Corners
v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)
v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)
v Panama, Group Stage (Stones, header, from Trippier corner)
v Sweden, Quarter-Final (Maguire, header, from Young corner)
One Free-Kick
v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)