Italy coach Antonio Conte, centre, talks to his players during a training session at Coverciano Sports Center in Florence, Italy, on October 8, 2014. Italy play Azerbaijan in an Uefa Euro 2016 qualification match in Palermo on October 10, 2014. EPA/MAURIZIO DEGL' INNOCENTI
Italy coach Antonio Conte, centre, talks to his players during a training session at Coverciano Sports Center in Florence, Italy, on October 8, 2014. Italy play Azerbaijan in an Uefa Euro 2016 qualifiShow more

No Mario Balotelli; no problem: Italy look to continue positive start



MILAN // Borussia Dortmund striker Ciro Immobile insists absent compatriot Mario Balotelli won’t be missed when new-look Italy host Azerbaijan for the first of two Euro 2016 qualifiers on Friday.

Immobile’s positive start to life in the Bundesliga since joining the German side from Torino has coincided with a recall to the national squad in the wake of a disastrous World Cup campaign.

His impressive club form is in stark contrast to that of Balotelli, who is struggling to make an impact at Liverpool since quitting AC Milan and has fallen out of favour with new Italy coach Antonio Conte.

Immobile is expected to start up front alongside Sassuolo striker Simone Zaza when Italy host Azerbaijan at the Stadio Barbera in Palermo.

Italy team manager Gabriele Oriali says the national team selectors will maintain a “revolving door policy”, but Immobile said the current crop of players rightly deserve their selection.

“There are other strikers here who are playing very well. If they’re here, it’s because they deserve to be,” Immobile told reporters at Italy’s Coverciano training camp on Wednesday.

“I know Mario very well. He’s a good lad, but it’s the coach who picks the squad.”

Conte said earlier this week: “Mario has started afresh, so it’s not easy. I think we need to give him time to settle at Liverpool.

“I make call-ups, not exclusions. Those are two very different things.”

Immobile was part of the Italy squad that failed to get past the first round in Brazil where Cesare Prandelli’s side lost to Costa Rica and Uruguay having opened their campaign by beating England.

Defender Leonardo Bonucci complained last week Italy’s World Cup preparations suffered because their “team base was a little too holiday-like”.

But any thoughts of an easy ride under Conte are likely to have dissipated immediately after his appointment.

Conte previously led Juventus to three consecutive Serie A titles and is known for his no-nonsense disciplinarian approach.

Indeed this steely attitude was in evidence as he said that any bitterness or tension still hanging over the Juventus and Roma players after the Turin side won their bad-tempered Serie A game last weekend 3-2 was to be left for afterwards.

Bonucci had helped to stoke the fires with an inflammatory tweet earlier this week.

“Once you cross the door at Coverciano, all other tensions remain outside,” warned Conte.

“Bonucci was wrong, and he knows he is wrong. Here, we all play for the same team. If it happens again, there will be consequences.”

One of the benefits to come out of the Juventus and Roma match was the return from injury of veteran playmaker Andrea Pirlo, who seems set to line up on Friday in his usual central midfield role.

Following an opening 2-0 win over Group H rivals Oslo in Norway, where Balotelli was also absent, Italy are looking to make it three wins from three and will be encouraged that they can achieve that as Azerbaijan coach Berti Vogts has lost several key players for the game.

The German will be without defender Mahir Shukurov and forward Vagif Javadov, who both started in the 2-1 defeat to Bulgaria last month.

Striker Cihan Ozkara and injured skipper Rashad Sadygov are also missing, meaning a number of younger players have been brought in.

Adter the Azerbijan clash Italy fly to Malta for their second match in four days and the clash at the Ta’Qali Stadium is perhaps more of a concern for Conte.

Malta coach Pietro Ghedin, once part of Italy’s managerial staff under Cesare Maldini, Dino Zoff and Giovanni Trapattoni, said he is brimming with condfidence.

“The important thing is that my boys are improving all the time and are getting there. I am very confident,” Ghedin told UEFA.com.

Follow our sports coverage on twitter at @SprtNationalUAE

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Rating: 2.5/5

What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

Dengue fever symptoms
  • High fever
  • Intense pain behind your eyes
  • Severe headache
  • Muscle and joint pains
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  • Swollen glands
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If symptoms occur, they usually last for two-seven days

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Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

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

KEY DATES IN AMAZON'S HISTORY

July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington

July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon

1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024

1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs

2000: Amazon Marketplace opens, allowing people to sell items on the website

2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006

2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black

2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year

2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video

2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started

2009: Amazon introduces Amazon Basics, its in-house label for a variety of products

2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013

2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS

2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa

2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition

2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone

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The Owo building is 14 storeys high, seven of which are below ground, with the 30,000 square feet of amenities located subterranean, including a 16-seat private cinema, seven lounges, a gym, games room, treatment suites and bicycle storage.

A clear distinction between the residences and the Raffles hotel with the amenities operated separately.

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Based: Abu Dhabi Global Market
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Number of staff: 100
Funding to date: $15 million

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

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Director: Sean Baker

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Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

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Name: Hassan Mohsen Elhais

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

Company Profile

Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government

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Creator: Tima Shomali

Starring: Tara Abboud, Kira Yaghnam, Tara Atalla

Rating: 4/5

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million


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