LeBron James scored a game-high 33 points on Tuesday night. Mike Ehrmann / Getty Images / AFP
LeBron James scored a game-high 33 points on Tuesday night. Mike Ehrmann / Getty Images / AFP
LeBron James scored a game-high 33 points on Tuesday night. Mike Ehrmann / Getty Images / AFP
LeBron James scored a game-high 33 points on Tuesday night. Mike Ehrmann / Getty Images / AFP

LeBron puts on show with Neymar on hand


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MIAMI, FLorida // The defensive effort was closer to Miami Heat standards.

LeBron James – with Neymar in the building to spectate – made it difficult to notice anything but offence.

James scored 33 points on 13 for 21 shooting – with an array of post-up moves getting him going early, then a barrage of 3-pointers fueling a big third-quarter push – and the Heat encountered little trouble on the way to a 118-95 win over the Milwaukee Bucks on Tuesday night.

James scored 17 points in the third quarter, his best 12-minute stretch of the season so far and an indicator that a balky back that slowed him in the season’s first couple weeks is improving.

“It’s getting better,” James said. “It feels a lot better. Still a little sore ... getting a lot of work put on it so I can get to 100 percent. But it’s getting better every day and that’s a good thing.”

Michael Beasley scored 19 points and Mario Chalmers finished with 15 points and seven assists for the Heat, whose biggest victory margin before Tuesday was a 12-point triumph over Chicago on opening night. Chris Bosh scored 10 for Miami (5-3).

Miami played without Udonis Haslem (back) and Ray Allen (ill). Shane Battier started in Haslem’s place.

“It wasn’t perfect,” said Heat coach Erik Spoelstra, whose team was coming off a final-second loss to Boston on Saturday. “There were still some areas we definitely need to improve on, in terms of the details and discipline. But at least the effort, the activity was better, the disposition right from the beginning and it carried through once we got into the rotation. Guys were much more focused and bringing that competitive spirit.”

John Henson and Gary Neal each scored 18 points and Giannis Antetokounmpo scored 11 for Milwaukee – all three of them putting up those points off the Bucks’ bench. Caron Butler was the only double-digit-scoring starter for the Bucks (2-4), finishing with 10.

“They shot almost 60 percent today so there’s no way we can win a game like that,” Henson said. “We just have to get better.”

The Heat have scored at least 100 points in each of their eight games so far, extending the team’s franchise-record for such a start, but what carried much more significance in the collective eyes of the two-time defending NBA champions were the defensive numbers.

Milwaukee shot only 35 percent in the first three quarters, before scoring 33 points against an array of what largely was Heat second- and third-teamers in the final 12 minutes.

“It’s been a long 48 hours in this building, but at least we were able to respond with a better game,” Spoelstra said. “And I think our guys felt better looking each other in the eye in the locker room tonight.”

James gave the Heat a shot of adrenalin late in the half, when he and Chalmers teamed up for yet another entry on Miami’s alley-oop highlight reel. Dwyane Wade grabbed a deflected ball and got it to Chalmers, who drove down the lane against Milwaukee’s Khris Middleton – then simply lofted the ball straight up, knowing James was trailing the play.

The result was predictable. James soared past Middleton for the dunk, the Heat took a 56-45 lead into the half, and the league’s four-time MVP then took over in the third quarter.

“Best player in the world,” the Bucks’ OJ Mayo said.

James 17, Bucks 17 – that was the score in the third quarter, after the Heat star made 6 of 9 shots in the period, including four 3-pointers. He also drove for one particularly emphatic slam, and the 84-62 lead that Miami carried into the fourth ensured he would get the rest of the night off after logging only 30 minutes.

“There were moments were I was very disappointed particularly when people were driving to the basket and we’re moving out of their way,” Bucks coach Larry Drew said. “I will not tolerate that. That will not be accepted, I don’t care who it is. If they’re going to the basket, we’ve got to challenge, we’ve got to foul then and make them earn it from the free-throw line. We can’t be moving out of people’s way.”

OTHER TUESDAY RESULTS

Warriors 113, Pistons 95

Andre Iguodala had five of Golden State’s 13 assists in a near-perfect first quarter as the Warriors built a 19-point lead en route to a dominant victory over the Detroit Pistons.

Guard Stephen Curry poured in 25 points in 29 minutes, and center David Lee contributed 17 points and nine rebounds, helping propel the Warriors (5-3) to their third consecutive one-sided home win of the young season.

Iguodala had eight points to go with a season best-tying 11 assists.

Guard Klay Thompson added 14 points, and center Jermaine O’Neal recorded 17, his best total as a Warrior.

Lakers 116, Pelicans 95

Los Angeles power forward Jordan Hill scored a career-best 21 points and grabbed 11 rebounds, sparking the Lakers to a victory over the New Orleans Pelicans.

Lakers coach Mike D’Antoni said before the game Hill would start because of his energy. Hill used his frequent bursts of activity and boosted the Lakers on a second-quarter spurt that allowed them to take a double-digit lead and cruise.

The Lakers (4-5) snapped a two-game losing streak and avenged last Friday’s setback to the Pelicans (3-5), who lost their second in a row.

Guard Nick Young scored 17 points and guard Xavier Henry added 15.

Mavericks 105, Wizards 95

Forward Dirk Nowitzki scored 19 points to pass Jerry West on the NBA’s all-time scoring list while pushing his Dallas Mavericks to a victory over the Washington Wizards.

Dallas (5-3) overcame an early nine-point deficit and controlled the game throughout the final three quarters.

Vince Carter scored 16 points and center Samuel Dalembert scored 13 of his season-high 15 points in the first half.

Nowitzki passed West (25,192 points in 932 games) for 16th place on the NBA’s all-time scoring list late in the third quarter after draining two 3-pointers.

Nowitzki will soon be bearing down on Indiana Pacers great Reggie Miller (25,279) for 15th place.

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.”

MATCH INFO

Uefa Champions League quarter-final second leg:

Juventus 1 Ajax 2

Ajax advance 3-2 on aggregate

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Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

RESULTS
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MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Race card

5pm: Handicap (PA) Dh80,000 (Turf) 1,600m; 5.30pm: Maiden (PA) Dh80,000 (T) 1,400m

6pm: Handicap (PA) Dh80,000 (T) 1,400m; 6.30pm: Handicap (PA) Dh80,000 (T) 1,200m

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m

7.30pm: Handicap (TB) Dh100,000 (PA) 1,400m

UAE currency: the story behind the money in your pockets
What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.