Jose Mourinho intends to prove himself as the Special One all over again after agreeing a return to Chelsea following six years away.
The Portuguese coach was in London on Monday to complete the formalities of a second stint in charge of the west London club after his exit from Real Madrid was confirmed, penning a four-year deal.
Mourinho had been headhunted by the Blues after guiding Porto to Champions League glory in 2004, and would lead Chelsea to successive Barclays Premier League titles in 2005 and 2006 – not to mention the FA Cup and League Cup twice – before then leaving after his relationship with owner Abramovich broke down and they parted company, officially by mutual consent at the time.
Since then, Mourinho has gone on to claim European Cup glory again with Inter Milan and took Real Madrid to the Spanish title in his second season at the helm.
However, the 50 year old maintains he cannot rest on his laurels if his beloved Chelsea are to again become the dominant force in the English Premier League, where they last won the championship in 2010.
"I am not coming here to sleep on what I did in the past and be comfortable just because we have a great feeling and we have a great relation, I am not that kind of person and professional," Mourinho said on Chelsea TV.
"I am very demanding of myself, I need of course their [fans] support, but I want to start from ground zero.
"I need to work hard again and build a different team from the team I built in the past, and I want to give everything I can to the club, to the owner and to the fans, forgetting a little bit that I was champion here.
"I want to have that pressure on myself like it is the first time I am here and I have to work hard and to make sure they have a reason to be happy with me."
Mourinho added: "I am the same, physically the same, but every day you have to think about yourself and about evolution.
"I have the same nature, but I am much more mature with a different approach to things, I am more ready to be in a club and stay for a long time."
Mourinho feels he is coming back to Stamford Bridge as much a fan as he is the club's eighth manager since he left.
"I think of myself not only as a Chelsea manager, because this is the first time in my career that I've arrived at a club that I already love," he said.
"To be at the same time a Chelsea fan and a Chelsea manager is a new feeling for me and it's a fantastic feeling."
Mourinho's relationship with Abramovich has long since warmed and the Portuguese maintains returning to his old club was an "easy decision" to make.
"I asked the boss 'do you want me back?' and the boss asked me 'do you want to come back?' and in a couple of minutes, the decision was made," he said.
Chelsea chief executive Ron Gourlay insists moving to bring back the self-proclaimed 'Special One' was the only option as Chelsea looked to take the club on following the reign of interim manager Rafael Benitez, who had replaced Champions League-winning coach Roberto Di Matteo in November 2012, and after some initial difficulties guided the Blues to a third-place finish as well as winning the Europa League.
Mourinho will be officially unveiled at a news conference at Stamford Bridge on June 10, and is set to bring assistant coaches Rui Faria, Silvino Louro and Jose Morais to Stamford Bridge where they will work alongside current first-team staff Steve Holland, Christophe Lollichon and Chris Jones.
The new manager is expected to bring in some reinforcements ahead of the new season, with £15 million (Dh84.3m)-rated Roma midfielder Daniele De Rossi a reported target.
Defender David Luiz has been the subject of speculation suggesting he could leave the club were Mourinho appointed.
However, Mourinho indicated the 26-year-old Brazil international was very much in his plans.
"I have a four-year contract so if I read the situation with the age of [Juan] Mata, [Eden] Hazard, Oscar, Luiz, it will be good for me to work with them and improve the team that we have," he said.
"I like very much that kind of profile, younger players with long-term space for improvement and development."
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Green ambitions
- Trees: 1,500 to be planted, replacing 300 felled ones, with veteran oaks protected
- Lake: Brown's centrepiece to be cleaned of silt that makes it as shallow as 2.5cm
- Biodiversity: Bat cave to be added and habitats designed for kingfishers and little grebes
- Flood risk: Longer grass, deeper lake, restored ponds and absorbent paths all meant to siphon off water
Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
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.”
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
UAE currency: the story behind the money in your pockets
Best Academy: Ajax and Benfica
Best Agent: Jorge Mendes
Best Club : Liverpool
Best Coach: Jurgen Klopp (Liverpool)
Best Goalkeeper: Alisson Becker
Best Men’s Player: Cristiano Ronaldo
Best Partnership of the Year Award by SportBusiness: Manchester City and SAP
Best Referee: Stephanie Frappart
Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)
Best Sporting Director: Andrea Berta (Atletico Madrid)
Best Women's Player: Lucy Bronze
Best Young Arab Player: Achraf Hakimi
Kooora – Best Arab Club: Al Hilal (Saudi Arabia)
Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)
Player Career Award: Miralem Pjanic and Ryan Giggs
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Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
Ruwais timeline
1971 Abu Dhabi National Oil Company established
1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants
1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed
1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.
1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex
2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea
2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd
2014 Ruwais 261-outlet shopping mall opens
2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies
2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export
2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.
2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery
2018 NMC Healthcare selected to manage operations of Ruwais Hospital
2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13
Source: The National
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
