Chelsea
There will be no swap deal involving Chelsea striker Fernando Torres and AS Roma forward Mattia Destro, according to the Italian player’s agent.
Reports had suggested that Roma were keen to lure the Spaniard to Serie A and both clubs were open to an exchange involving their strikers.
And while Renzo Contratto claims Chelsea are interested in bringing the Italy international to Stamford Bridge, it is highly unlikely that Destro will leave Rome this summer.
“It’s true that Chelsea are interested in Mattia,” Destro’sagent told Press Association Sport on Thursday. “But the reports regarding a swap deal have no foundation, it’s all speculation.
“Roma don’t want to sell Mattia and Mattia prefers to remain at Roma.”
The 23-year-old Destro was Roma’s top scorer last season with 13 league goals to help the Eternal City outfit finish runners-up to Juventus in Serie A.
Destro moved to Roma in the summer of 2012 from Genoa and is under contract with the club for another three seasons.
Juventus
Juventus are confident reported Manchester United target Arturo Vidal will remain at the club.
The Chilean midfielder has been strongly linked with a move to the English Premier League this summer.
The 27-year-old Vidal only signed a new contract with Juve back in December, which will see him tied to the Turin-based club until June 2017.
“All the requirements are there for Vidal not to leave before the end of the transfer market,” Juve general director Giuseppe Marotta told Gazzetta dello Sport.
“The contract extension he signed has made more solid the marriage between Juve and Vidal.
“Vidal has always said he wanted to stay here and we are more than happy to keep him.”
Vidal, who has also been linked with Arsenal, moved to Juve from Bayer Leverkusen in the summer of 2011.
He made 32 league appearances for the cllub last season, scoring 11 times and setting up five others to greatly contribute to Juve clinching their third successive scudetto.
Hamburg
Hamburg say Brazilian central defender Cleber could make his Bundesliga debut in the opening round on Saturday against promoted Cologne.
Cleber was undergoing medical tests and was expected to sign a four-year contract as one of the new players signed by Hamburg ahead of the new season.
Hamburg chairman Dietmar Beiersdorfer says Cleber already has “30 matches for Corinthians Sao Paulo behind him” and could debut against Cologne.
Hamburg barely escaped relegation last season and are rebuilding the team.
Marseille
Brazilian Alef signed for French Ligue 1 giants Marseille on loan from Brazil second division outfit Ponte Preta on Thursday.
The 20-year-old defender – who can also be deployed as a defensive midfielder – will fill the vacuum left by compatriot Lucas Mendes, who signed for Qatari side Al Jaish.
While Marseille did not confirm the deal the player took the time to thank his former employers.
“I would like to thank Ponte Preta for the time that I spent with them,” he said.
“I will always hold this club close to my heart and I have a desire to return there one day.”
Marseille, managed by former Argentina and Chile coach Marcelo Bielsa, are in need of a good result this weekend away at Guingamp after failing to win their first two Ligue 1 games of the season, including a 2-0 loss at home to Montpellier last weekend.
Napoli
Eduardo Vargas’ agent says he is in London holding talks with an unnamed club over the possible transfer of the Napoli striker.
Reports in England suggest the Chile striker is on the verge of joining QPR on a season-long loan.
Vargas, who is under contract with the Italian side until June 2017, has also been linked with Arsenal this summer.
“We are studying the possibility of a loan move,” Vargas’ agent Cristian Ogalde told Chilean radio station Cooperativa.
“I am in London and I will see how the negotiations progress.
“I am holding talks with Napoli, seeing what we are going to do with him (Vargas) and if we reach a final agreement or not.
“We are on the right path.”
If the deal is completed, the 24-year-old Vargas will team up with compatriot Mauricio Isla at QPR.
Isla joined the Premier League outfit from Juventus earlier this month.
Vargas moved to Napoli from Universidad de Chile in 2012 in a reported £11.5 million (Dh70m) transfer.
The South American, who played at the World Cup in Brazil, failed to earn regular playing time at Napoli last season.
He joined Spanish outfit Valencia on loan in January, where he scored three times in 17 La Liga appearances.
Borussia Dortmund
Borussia Dortmund will issue up to 24.5 million shares in a capital increase worth up to EU€114.4m (Dh557.5m), adding some of the proceeds would be used to pay off debt.
Shares in Dortmund will be offered at 4.66 euros, the club which is one of the richest in the Bundesliga said.
Sponsors Puma, Evonik and Signal Iduna, who have bought the stadium’s naming rights, have agreed to subscribe to a certain number of shares, Dortmund added.
Shortly after the announcement, Puma said it was ready to buy a stake in the Ruhr valley club.
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Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
Syria squad
Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.
MATCH INFO
Champions League quarter-final, first leg
Manchester United v Barcelona, Wednesday, 11pm (UAE)
Match on BeIN Sports
Major honours
ARSENAL
BARCELONA
- La Liga - 2013
- Copa del Rey - 2012
- Fifa Club World Cup - 2011
CHELSEA
- Premier League - 2015, 2017
- FA Cup - 2018
- League Cup - 2015
SPAIN
- World Cup - 2010
- European Championship - 2008, 2012
Top 5 concerns globally:
1. Unemployment
2. Spread of infectious diseases
3. Fiscal crises
4. Cyber attacks
5. Profound social instability
Top 5 concerns in the Mena region
1. Energy price shock
2. Fiscal crises
3. Spread of infectious diseases
4. Unmanageable inflation
5. Cyber attacks
Source: World Economic Foundation
The specs: Lamborghini Aventador SVJ
Price, base: Dh1,731,672
Engine: 6.5-litre V12
Gearbox: Seven-speed automatic
Power: 770hp @ 8,500rpm
Torque: 720Nm @ 6,750rpm
Fuel economy: 19.6L / 100km
The specs: Rolls-Royce Cullinan
Price, base: Dh1 million (estimate)
Engine: 6.75-litre twin-turbo V12
Transmission: Eight-speed automatic
Power: 563hp @ 5,000rpm
Torque: 850Nm @ 1,600rpm
Fuel economy, combined: 15L / 100km
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.”
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Zayed Sustainability Prize
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
More from Rashmee Roshan Lall
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Dengue%20fever%20symptoms
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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
UAE currency: the story behind the money in your pockets
AGL AWARDS
Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)