PARIS // Monaco ruined Paris Saint-Germain's Ligue 1 title celebrations as a clinical second-half performance gave the principality side a 2-0 victory at the Parc des Princes on Sunday.
PSG wrapped up a fourth consecutive league title in record time with eight matches to spare by thrashing Troyes 9-0 a week ago, but they were uncharacteristically flat in the capital.
After a drab opening 45 minutes it was the visitors who turned on the style, as Vagner Love’s fourth goal for the club gave them a deserved 65th-minute lead.
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A David Luiz error gave Monaco a penalty that was coolly converted by Fabinho just three minutes later, as PSG slumped to just a second league defeat of the season, and a first at home since May 2014.
The victory is a timely one for Leonardo Jardim's Monaco in the race for the top three and the Uefa Champions League, as they stay second in the table and now have the cushion of a six-point gap back to fourth-placed Lyon.
“This is a very important victory, but in getting this the team has actually only maintained our gap to our competitors,” Jardim said.
“Paris is a big team, one of the top four in Europe, and they could win the Champions League. My players played a great game. In football, you have not won or lost before the match, everything is played on the pitch.”
PSG manager Laurent Blanc selected an attacking line-up, with Zlatan Ibrahimovic, Edinson Cavani, Lucas Moura and Angel Di Maria all starting on a night when the home fans expected to party.
But they started slowly, and the hosts’ frustration at their lacklustre opening half-hour was clear, as Cavani thumped the turf in anger after ballooning an acrobatic effort well wide.
PSG improved in the minutes before half time, with Cavani heading a Marquinhos cross wastefully off target when totally unmarked.
The visitors grew in confidence in the second period and home keeper Kevin Trapp had to beat clear Fabinho’s drive after a mistake by Luiz, before the German also had to save well at his near post from Thomas Lemar.
PSG were pleasing the crowd with plenty of neat tricks and flicks, but rarely looked like breaking their opponents down.
While Blanc’s men appeared to be resting on their record-breaking efforts from last week, there was a hunger and desire about Champions League-chasing Monaco that brought the opening goal.
Some quick passing released Lemar, who crossed low to the back post to give Love a simple tap-in with Trapp out of the picture.
Less than two minutes later and the principality side were gifted the chance to double their lead from the penalty spot.
Another horror-show in the PSG defence culminated in Luiz pulling back Fabinho, and the Brazilian full-back picked himself up to calmly chip his spot kick down the middle.
Unsurprisingly PSG pushed forward in numbers and, after Subasic had brilliantly clawed away a Cavani header, Ibrahimovic somehow contrived to head the ball over from two yards out with the goal at his mercy.
It was not Ibrahimovic’s day, the league’s top scorer was left red-faced again after volleying over an unguarded net from point-blank range.
Monaco held on in the face of heavy pressure to record a first win against PSG in over six years.
Blanc said that his side’s missed chances were the key, and played down suggestions that his men had eased off after winning the title.
“In the first half we created many chances, we controlled the game against a very defensive team,” he said.
“I do not feel as though there was a party tonight, we will celebrate the title when we receive the trophy on the final day.”
Hatem Ben Arfa’s latest breathtaking strike set Nice up for a 3-0 win over struggling Gazelec Ajaccio that keeps them in contention for a surprise top-three finish.
Ben Arfa collected possession wide on the right and skipped away from two challenges as he cut into the box before curling a shot beyond goalkeeper Clement Maury to set Nice on their way in the 14th minute at the Allianz Riviera.
He then turned provider for Alassane Plea to make it 2-0 and Ivorian midfielder Jean-Michael Seri wrapped up the victory late on.
Bordeaux were held to a 1-1 draw at home by Bastia in their first match since Willy Sagnol was sacked and replaced in the dugout by club legend Ulrich Rame.
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
THE BIO
Ambition: To create awareness among young about people with disabilities and make the world a more inclusive place
Job Title: Human resources administrator, Expo 2020 Dubai
First jobs: Co-ordinator with Magrudy Enterprises; HR coordinator at Jumeirah Group
Entrepreneur: Started his own graphic design business
Favourite singer: Avril Lavigne
Favourite travel destination: Germany and Saudi Arabia
Family: Six sisters
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Tu%20Jhoothi%20Main%20Makkaar%20
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELuv%20Ranjan%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Shraddha%20Kapoor%2C%20Anubhav%20Singh%20Bassi%20and%20Dimple%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
THE BIO
Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old
Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai
Favourite Book: The Alchemist
Favourite quote: Failing to prepare is preparing to fail
Favourite place to Travel to: Vienna
Favourite cuisine: Italian food
Favourite Movie : Scent of a Woman
Star%20Wars%3A%20Episode%20I%20%E2%80%93%20The%20Phantom%20Menace
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Volunteers offer workers a lifeline
Community volunteers have swung into action delivering food packages and toiletries to the men.
When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.
Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.
Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.
“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.
Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.
“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.
UAE currency: the story behind the money in your pockets
Match info
Uefa Champions League Group H
Juventus v Valencia, Tuesday, midnight (UAE)
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
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.”
ACC 2019: The winners in full
Best Actress Maha Alemi, Sofia
Best Actor Mohamed Dhrif, Weldi
Best Screenplay Meryem Benm’Barek, Sofia
Best Documentary Of Fathers and Sons by Talal Derki
Best Film Yomeddine by Abu Bakr Shawky
Best Director Nadine Labaki, Capernaum
The%20specs
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Super Rugby play-offs
Quarter-finals
- Hurricanes 35, ACT 16
- Crusaders 17, Highlanders 0
- Lions 23, Sharks 21
- Chiefs 17, Stormers 11
Semi-finals
Saturday, July 29
- Crusaders v Chiefs, 12.35pm (UAE)
- Lions v Hurricanes, 4.30pm
The specs
Engine: 5.0-litre V8
Power: 480hp at 7,250rpm
Torque: 566Nm at 4,600rpm
Transmission: 10-speed auto
Fuel consumption: L/100km
Price: Dh306,495
On sale: now
More on animal trafficking
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
The BIO:
He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal
He ascended Mount Everest the next year from the more treacherous north Tibetan side
By 2015, he had completed the Explorers Grand Slam
Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border
He carries dried camel meat, dried dates and a wheat mixture for the final summit push
His new goal is to climb 14 peaks that are more than 8,000 metres above sea level
WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
Closing the loophole on sugary drinks
As The National reported last year, non-fizzy sugared drinks were not covered when the original tax was introduced in 2017. Sports drinks sold in supermarkets were found to contain, on average, 20 grams of sugar per 500ml bottle.
The non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
Flavoured water, long-life fruit juice concentrates, pre-packaged sweetened coffee drinks fall under the ‘sweetened drink’ category
Not taxed:
Freshly squeezed fruit juices, ground coffee beans, tea leaves and pre-prepared flavoured milkshakes do not come under the ‘sweetened drink’ band.
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