Steve McClaren has been left scratching his head after failing to revive the fortunes of Newcastle United this season. Clive Rose / Getty Images
Steve McClaren has been left scratching his head after failing to revive the fortunes of Newcastle United this season. Clive Rose / Getty Images

Newcastle United’s hopes in thin air with Steve McClaren not helping either



Most Newcastle United fans would not be in favour of their club copying arch-rivals Sunderland's way of doing things too often.

When Sam Allardyce’s charges provided the perfect blueprint for beating Crystal Palace away from home last week, however, the best course of action for Newcastle was not to simply ignore it.

Indeed, just five days after Sunderland produced a defensive masterclass to pick up all three points at Selhurst Park, Steve McClaren’s men were thrashed 5-1 by Palace and booed off the pitch by their travelling supporters, who chanted that they were “sick” of their team being so poor.

It was a truly dismal performance from Newcastle, who failed to demonstrate anything that even remotely resembled a coherent game plan.

Palace’s tricky winger Wilfried Zaha was able to isolate full-back Paul Dummett one-on-one far too often, while Yannick Bolasie was afforded plenty of space to carry the ball through the centre of the pitch on the counter-attack.

James McArthur continually made untracked runs through midfield to get on the end of crosses and cut-backs.

Striker Connor Wickham got the better of centre-halves Chancel Mbemba and Fabricio Coloccini with his physicality and astute movement.

Even when Newcastle took the lead through Papiss Cisse early on, it was obvious that Palace would ultimately have too much for their opponents going forward.

Failing to reorganise his side into a deep and compact defensive shape to protect that one-goal lead was a major mistake by McClaren.

The manager now finds himself under a lot of pressure after his side slipped to 19th place in the Premier League table.

The former England manager has hardly covered himself in success this term, but the problems run deeper than the man on the touchline.

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Newcastle are a club stuck in a rut. Alan Pardew departed St James’s Park in January with the team in ninth place. Two wins, four draws and 12 defeats followed under interim manager John Carver, before relegation was narrowly avoided with victory over West Ham United on the final day of the 2014/15 campaign.

Pardew was never a popular figure among Newcastle followers, but it now seems as if he was the glue that was holding a difficult situation together.

Owner Mike Ashley remains as unpopular as ever, with much of the recent criticism sent in his direction.

The players, too, have rightly been condemned after another inept display on Saturday.

It was notable that Newcastle fans dished out abuse to everyone but goalkeeper Rob Elliot when the XI that finished the match went over to applaud those who had made the long journey to London at the final whistle.

Individually, Newcastle have some fine players: Ayoze Perez, Moussa Sissoko, Georginio Wijnaldum and Daryl Janmaat have all been linked with top-four clubs at various points in the last 12 months.

Their recruitment policy in the summer was widely praised at the time, moreover, with Wijnaldum, Mbemba and Aleksandar Mitrovic all seen as positive acquisitions.

But there is a real lack of fight and spirit within the ranks, qualities that are desperately needed when it comes to battling against the drop.

The damning statistic that Newcastle have rescued just two points from losing positions in the whole of 2015 sums up the sense of lifelessness currently engulfing the club.

When coupled with some strange tactical decisions – or the complete lack of them at Selhurst Park at the weekend – it is easy to see why McClaren’s side are struggling near the foot of the table.

McClaren said after the game that it is far too early in the campaign to be panicking, but given that many of the features of their malaise have gone unresolved for some time now, the situation at Newcastle appears far bleaker from the outside than their manager is letting on.

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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 RESULTS

5pm: Maiden (PA) Dh80,000 1,400m

Winner: Alnawar, Connor Beasley (jockey), Helal Al Alawi (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m

Winner: Raniah, Noel Garbutt, Ernst Oertel

6pm: Handicap (PA) Dh90,000 2,200m

Winner: Saarookh, Richard Mullen, Ana Mendez

6.30pm: Sheikh Zayed bin Sultan Al Nahyan Jewel Crown (PA) Rated Conditions Dh125,000 1,600m

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7pm: Al Wathba Stallions Cup Handicap Dh70,000 1,600m

Winner: MH Wari, Antonio Fresu, Elise Jeane

7.30pm: Handicap Dh90,000 1,600m

Winner: Mailshot, Royston Ffrench, Salem bin Ghadayer

 

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices

TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)

What is THAAD?

It is considered to be the US's most superior missile defence system.

Production:

It was created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out  ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.

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Abu Dhabi World Pro 2019 remaining schedule:

Wednesday April 24: Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-6pm

Thursday April 25:  Abu Dhabi World Professional Jiu-Jitsu Championship, 11am-5pm

Friday April 26: Finals, 3-6pm

Saturday April 27: Awards ceremony, 4pm and 8pm

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EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

Sarfira

Director: Sudha Kongara Prasad

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Rating: 2/5

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Investors: Venture capital and government

Company profile

Company: POPC
Started: 2022
Founders: Amna Aijaz, Haroon Tahir and Arafat Ali Khan
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Funds raised: undisclosed amount raised through Waverider Entertainment


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