Luongo shuts out the Devils



VANCOUVER // A couple of good early scoring chances helped the Vancouver goaltender Roberto Luongo get into the game and that was bad news for a New Jersey team already struggling to score.

Luongo made the best of his 30 saves in the opening minutes, turning away a high Henrik Tallinder shot after a bad turnover and kicking out his left pad to deny Ilya Kovalchuk on the rebound as the Canucks beat New Jersey 3-0.

"I like to face a few shots early just to get a feel, especially after not playing for a week," Luongo said. "That rebound save off Kovalchuk really got me going for the rest of the game."

Raffi Torres and Ryan Kesler scored in the first two periods, and Henrik Sedin rounded out the scoring on a penalty shot with 6:17 left as the Canucks, playing their first game in six days, won their third straight and improved to 5-0-1 on home ice.

Martin Brodeur finished with 20 saves for the Devils, who are off to their worst start in 27 years at 3-9-1 and last in the NHL with just seven points.

"We're digging ourselves a hole here that is getting pretty deep," Jamie Langenbrunner, the New Jersey captain, said. "We've got to start piling up some wins."

Right now the injury-riddled Devils would settle for some goals.

New Jersey was playing its third road game in four nights, and first since top forward Zach Parise hurt his knee on Saturday in Los Angeles. Parise, who averaged more than 36 goals the past four seasons, will have exploratory arthroscopic knee surgery, a big blow to a team ranked last in the NHL with 20 goals.

"When you look at the numbers it's mind-boggling a little bit," Brodeur said. "When you don't score goals everything is magnified and right now it's as magnified as it gets."

It also makes for easy nights for opposing goaltenders.

After the two early saves, Luongo was not tested often by a Devils team that has scored two or fewer in six straight games. He got one break on an apparent goal in the second period as the referee ruled David Clarkson interfered with the goalie, penalising the forward and waving off the goal.

"When things are not going well you want to make sure you get dirty in front of the net and they were crashing hard and luckily I got that call in the second period," Luongo said.

He got another break when Matt Taormina hit the post late in the second period, but made a nice glove save early in the third on Kovalchuk, who was held without a point for a fourth straight game.

It was Luongo's first shutout of the season, and 52nd of his career, second to Brodeur (112) among all active goalies.

"It's just a win," Luongo said. "We know we have a tough conference and we want to get as many points as possible, we don't want to dig a hole and try to climb back like we did last year."

That what the Devils face, though it looked like they might finally get a break after Colin White pulled a puck off their goal line just 2:30 in, and the Canucks defender Christian Ehrhoff hit both posts three minutes later.

"I was like 'wow' this is good. It could have been a lot worse," Brodeur said.

But Torres opened the scoring with 6:41 left in the first after Taormina, one of three rookies on an injury-filled defence, coughed up the puck behind his own net.

"It's the same story every night it seems," Brodeur said. "We're making mistakes and you can't afford to make any mistakes when you don't score any goals. We were in control of the game and we just kind of fumble the puck behind out net and here we go again."

Kesler made it 2-0 on a rebound shortly after killing off a second straight power play. New Jersey finished 0 for 2 with the man advantage and is last in the NHL with three goals on 41 chances.

"It's hard when your confidence is as low as our offence's is now," Brodeur said.

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Moonfall

Director: Rolan Emmerich

Stars: Patrick Wilson, Halle Berry

Rating: 3/5

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

RESULT

Manchester City 5 Swansea City 0
Man City:
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Recycle Reuse Repurpose

New central waste facility on site at expo Dubai South area to  handle estimated 173 tonne of waste generated daily by millions of visitors

Recyclables such as plastic, paper, glass will be collected from bins on the expo site and taken to the new expo Central Waste Facility on site

Organic waste will be processed at the new onsite Central Waste Facility, treated and converted into compost to be re-used to green the expo area

Of 173 tonnes of waste daily, an estimated 39 per cent will be recyclables, 48 per cent  organic waste  and 13 per cent  general waste.

About 147 tonnes will be recycled and converted to new products at another existing facility in Ras Al Khor

Recycling at Ras Al Khor unit:

Plastic items to be converted to plastic bags and recycled

Paper pulp moulded products such as cup carriers, egg trays, seed pots, and food packaging trays

Glass waste into bowls, lights, candle holders, serving trays and coasters

Aim is for 85 per cent of waste from the site to be diverted from landfill 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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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.”

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

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