AFP/CHARLY TRIBALLEAU
AFP/CHARLY TRIBALLEAU
AFP/CHARLY TRIBALLEAU
AFP/CHARLY TRIBALLEAU

Laurent Blanc and Paris Saint-Germain part ways; Sevilla’s Unai Emery being lined up


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Laurent Blanc left his role as Paris Saint-Germain coach on Monday, the French Ligue 1 champions announced, without revealing any further financial details.

French sports daily L’Equipe had said on Thursday that Blanc would pocket 22 million euros as part of his severance package.

Former Sevilla coach Unai Emery is tipped as the favourite to take over from Blanc.

• Born on Nov. 19, 1965 in Ales, France, the 50-year-old Blanc was a majestic sweeper and captain in his playing days and enjoyed early success in his managerial career.

Playing career

• Capped 97 times by France, Blanc had a glittering career at domestic and international level, notably winning the 1998 World Cup and the European Championship two years later.

• After starting life as a midfielder with Montpellier, Blanc switched to defence and had spells with Barcelona, Olympique Marseille, Inter Milan and Manchester United, where he won the Premier League in his final season as a player in 2003.

• Earned the nickname “The President” when he was playing for Olympique de Marseille for his ability to marshal a team.

Coaching debut

• Blanc’s managerial career began in June 2007 at Girondins Bordeaux, where he replaced Brazilian Ricardo. He led them to second place and won the Manager of the Year award.

• Victory in the final 11 games of the 2008/09 season helped Bordeaux claim the Ligue 1 title and set a French record for consecutive wins. They also won the League Cup that season.

• Bordeaux reached the Champions League quarter-finals the next season after topping their group ahead of Bayern Munich and Juventus, but Blanc left a mixed impression after they lost an eight-point mid-season Ligue 1 lead to finish sixth.

Leading France

• Blanc succeeded Raymond Domenech as France coach in the wake of a disastrous 2010 World Cup, with the goal of qualifying for Euro 2012 and restoring the national team’s image which had been tainted when the players refused to train in protest at the dismissal from the squad of Nicolas Anelka in South Africa.

• Under Blanc, Les Bleus recorded their third best series of results ever, playing 25 consecutive matches without defeat. But they failed to raise their game at the Euros and lost 2-0 to eventual champions Spain in the quarter-finals.

• The squad was again beset by off-field problems prompting questions about Blanc’s ability to manage strong characters. Blanc’s contract was not renewed.

Appointment at PSG

• After a year out of football, Blanc was appointed PSG coach in 2013.

• In his first season, he led PSG to a domestic double, winning the French Cup and Ligue 1 title.

• In 2015 and 2016, he steered PSG to two consecutive domestic trebles (Ligue 1, French Cup and League Cup).

• But a fourth consecutive Champions League quarter-final exit, at the hands of Manchester City, cost him his job.

*Agence France-Presse, Reuters

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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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Call of Duty: Black Ops 6

Developer: Treyarch, Raven Software
Publisher:  Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5

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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Expert advice

“Join in with a group like Cycle Safe Dubai or TrainYAS, where you’ll meet like-minded people and always have support on hand.”

Stewart Howison, co-founder of Cycle Safe Dubai and owner of Revolution Cycles

“When you sweat a lot, you lose a lot of salt and other electrolytes from your body. If your electrolytes drop enough, you will be at risk of cramping. To prevent salt deficiency, simply add an electrolyte mix to your water.”

Cornelia Gloor, head of RAK Hospital’s Rehabilitation and Physiotherapy Centre 

“Don’t make the mistake of thinking you can ride as fast or as far during the summer as you do in cooler weather. The heat will make you expend more energy to maintain a speed that might normally be comfortable, so pace yourself when riding during the hotter parts of the day.”

Chandrashekar Nandi, physiotherapist at Burjeel Hospital in Dubai
 

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50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

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WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

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Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

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Cruiserweight Championship Cedric Alexander v Kalisto

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The programme will be presented over two weeks and will cover the following topics:

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