Jonas Olsson, third from left, scored the only goal of the game as West Brom beat Manchester United 1-0 on Saturday. Shaun Botterill / Getty Images
Jonas Olsson, third from left, scored the only goal of the game as West Brom beat Manchester United 1-0 on Saturday. Shaun Botterill / Getty Images
Jonas Olsson, third from left, scored the only goal of the game as West Brom beat Manchester United 1-0 on Saturday. Shaun Botterill / Getty Images
Jonas Olsson, third from left, scored the only goal of the game as West Brom beat Manchester United 1-0 on Saturday. Shaun Botterill / Getty Images

Louis van Gaal is at a loss with strikers after West Brom edge past Manchester United


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Louis van Gaal warned his Manchester United players they needed to improve their finishing if they are to clinch a top-four spot in the Premier League.

United’s misfiring end to the season continued last night at Old Trafford as they were beaten by West Bromwich Albion to slump to their third successive defeat.

Despite having 80 per cent of possession, United could not find a way through, with West Brom goalkeeper Boaz Myhill highlighting his man-of-the-match performance by saving a second-half penalty from Robin van Persie.

A frustrated Van Gaal said he had expected a defensive set-up from West Brom, but he was disappointed with his side’s performance in front of goal.

“We knew in advance that they’d park the bus, we have to deal with that,” he said.

“In the second half we had enough chances – you have to finish. It’s now the third match (they have lost). We have to take care of that. It’s very difficult.”

The lone goal of the game came in the 63rd minute when Chris Brunt’s free kick was deflected past David de Gea in the United goal by Brunt’s teammate Jonas Olsson, and there was no way back for United from that.

It is the first time since April 1989 that United have lost three games on the trot and failed to find the net in any of the losses, with Saturday’s setback coming on the back of their 1-0 reversal at Chelsea and 3-0 defeat at Everton last month.

The setback, which came after Liverpool’s victory over Queens Park Rangers earlier yesterday, means United’s grip on fourth place and the final Uefa Champions League qualifying place is still not certain.

They are now four points clear of fifth-placed Liverpool with three games left to play.

West Brom were happy to allow United time and space on the ball throughout the proceedings, but they found chances hard to produce in the first hour.

Going behind appeared to be the catalyst for United to raise their game, and they won a penalty when Antonio Valencia’s centre was judged to have been handled just inside the penalty area by Saido Berahino with 17 minutes to go.

Myhill dived to his left, though, to parry away Van Persie’s spot kick, and he would also make another fine save from the Dutchman in the closing minutes as United pressed forward.

Paddy McNair headed wide from close range and substitute Angel Di Maria drove a late effort over the bar to sum up United’s miserable day.

The result lifted West Brom seven points clear of the relegation zone, and manager Tony Pulis was delighted by his side keeping their third successive clean sheet.

“You need to be organised, resilient and have a bit of luck. We had that in abundance,” he said. “It takes a lot of work and commitment from the players – 90 per cent of it is dealing with people off the ball.”

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THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

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

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.”

UAE%20v%20West%20Indies
%3Cp%3EFirst%20ODI%20-%20Sunday%2C%20June%204%20%0D%3Cbr%3ESecond%20ODI%20-%20Tuesday%2C%20June%206%20%0D%3Cbr%3EThird%20ODI%20-%20Friday%2C%20June%209%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EMatches%20at%20Sharjah%20Cricket%20Stadium.%20All%20games%20start%20at%204.30pm%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3EUAE%20squad%3C%2Fstrong%3E%0D%3Cbr%3EMuhammad%20Waseem%20(captain)%2C%20Aayan%20Khan%2C%20Adithya%20Shetty%2C%20Ali%20Naseer%2C%20Ansh%20Tandon%2C%20Aryansh%20Sharma%2C%20Asif%20Khan%2C%20Basil%20Hameed%2C%20Ethan%20D%E2%80%99Souza%2C%20Fahad%20Nawaz%2C%20Jonathan%20Figy%2C%20Junaid%20Siddique%2C%20Karthik%20Meiyappan%2C%20Lovepreet%20Singh%2C%20Matiullah%2C%20Mohammed%20Faraazuddin%2C%20Muhammad%20Jawadullah%2C%20Rameez%20Shahzad%2C%20Rohan%20Mustafa%2C%20Sanchit%20Sharma%2C%20Vriitya%20Aravind%2C%20Zahoor%20Khan%0D%3C%2Fp%3E%0A
Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

The five pillars of Islam