Ireland's Robbie Keane celebrates after scoring the equaliser against Italy in Bari in April.
Ireland's Robbie Keane celebrates after scoring the equaliser against Italy in Bari in April.
Ireland's Robbie Keane celebrates after scoring the equaliser against Italy in Bari in April.
Ireland's Robbie Keane celebrates after scoring the equaliser against Italy in Bari in April.

Trapattoni shows his nous


Richard Jolly
  • English
  • Arabic

Steve Staunton secured his second job in management this week. Once in charge of the Republic of Ireland, he is now at the helm at Darlington. For the Irish, that may say everything. Darlington are 92nd and last in the Football League, without a win in their first 11 games of the season. Ireland, in contrast, are being guided by a former manager of AC Milan, Inter Milan, Juventus, Bayern Munich and Benfica.

Giovanni Trapattoni is three decades Staunton's senior, but the differences extend far beyond that. Under the Italian, the Republic have genuine hope of playing in the World Cup. Under their most capped player, they lost 5-2 in Cyprus. Tomorrow brings a reunion for Trapattoni as Ireland host Italy. The Italian managed his homeland for two years and took a point off his compatriots in Bari in April, courtesy of Robbie Keane's 89th-minute equaliser.

A repeat at Croke Park tonight would guarantee the defending champions' presence at the World Cup next summer and all but ensure the Irish finish in second place, giving them a play-off for a place in South Africa. A meeting with Cyprus on Wednesday represents the Italians' insurance policy; even with an Irish win, Marcello Lippi's side would remain the favourites to top the group. Second, however, carries its perils for the Irish. Fifa's recently declared intention to seed sides in the play-offs means that they are likely to be paired with one of Europe's traditional powers; that could entail a clash with France, Germany, Russia or Portugal.

In an unseeded draw, less daunting opponents could have included Latvia, Slovenia, Bosnia or Greece. Trapattoni has labelled it "the death of football" and his often mild-mannered goalkeeper Shay Given has branded it "disgusting" and "crazy". Yet if such a situation has an advantage, it can be found in Ireland's history. Perhaps their two greatest results came when the odds were stacked against them. The victories over England in the 1988 European Championship and against Italy in the 1994 World Cup, both clinched by Ray Houghton goals.

Excellence as underdogs will be required again, tomorrow and, in all probability, in the play-offs next month. Yet it is pertinent that Trapattoni has made Ireland so hard to beat that they are undefeated in a qualifying group that also includes Bulgaria. His counterpart is well qualified to assess what his predecessor has brought to the Irish. Lippi, like Trapattoni, has managed Juventus, Inter and the Azzurri. A coach must have, he explained, the "ability to plan, the ability to grow your self-esteem and make them play as a team".

Lippi has similar strengths. Both managers continue to omit a flair player - Antonio Cassano for the Italians, Andy Reid for the Irish - as they focus on the team. Neither, arguably, is overly adventurous. A tight, tactical game beckons, with each manager an advocate of midfield workhorses. One such player is Mauro Camoranesi, born in Argentina but first selected for his adopted nation by Trapattoni. Camoranesi, 33, who could be one of six Juventus players in Lippi's side, will be winning his 50th cap. Landmarks beckon later in the week for three others: the goalkeepers Gianluigi Buffon and Given, plus the Irish utility man Kevin Kilbane, should all reach a century on Wednesday.

Even without the injured Damien Duff, whose absence has made Reid still more of a cause celebre, Ireland are scarcely short of experience. Indeed Keane, with 40 goals for his country, may have more international strikes than the entire Italian team. On the flanks, Trapattoni will decide between Liam Lawrence and Stephen Hunt, while Richard Dunne is expected to be fit to take his place in defence after an ankle problem.

Italy, meanwhile, are without their suspended captain Fabio Cannavaro while the tireless winger Claudio Marchisio is a doubt. Lippi has switched from 4-3-3 to a midfield diamond but, while Italy have rarely been fluent, their aim is almost accomplished. The ends, to quote an Italian thinker of an earlier era, have justified his means. That has been a principle of Italian football throughout Trapattoni's five decades in the game. While Ireland host Montenegro on Wednesday, his qualification campaign is unlikely to end before a play-off game. And while he faces Italy tomorrow, Staunton takes on Dagenham & Redbridge.

@Email:rjolly@thenational.ae

How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

Jiu-jitsu calendar of events for 2017-2018:

August 5:

Round-1 of the President’s Cup in Al Ain.

August 11-13:

Asian Championship in Vietnam.

September 8-9:

Ajman International.

September 16-17

Asian Indoor and Martial Arts Games, Ashgabat.

September 22-24:

IJJF Balkan Junior Open, Montenegro.

September 23-24:

Grand Slam Los Angeles.

September 29:

Round-1 Mother of The Nation Cup.

October 13-14:

Al Ain U18 International.

September 20-21:

Al Ain International.

November 3:

Round-2 Mother of The National Cup.

November 4:

Round-2 President’s Cup.

November 10-12:

Grand Slam Rio de Janeiro.

November 24-26:

World Championship, Columbia.

November 30:

World Beach Championship, Columbia.

December 8-9:

Dubai International.

December 23:

Round-3 President’s Cup, Sharjah.

January 12-13:

Grand Slam Abu Dhabi.

January 26-27:

Fujairah International.

February 3:

Round-4 President’s Cup, Al Dhafra.

February 16-17:

Ras Al Khaimah International.

February 23-24:

The Challenge Championship.

March 10-11:

Grand Slam London.

March 16:

Final Round – Mother of The Nation.

March 17:

Final Round – President’s Cup.

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

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

The%20Roundup
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What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
Brown/Black belt finals

3pm: 49kg female: Mayssa Bastos (BRA) v Thamires Aquino (BRA)
3.07pm: 56kg male: Hiago George (BRA) v Carlos Alberto da Silva (BRA)
3.14pm: 55kg female: Amal Amjahid (BEL) v Bianca Basilio (BRA)
3.21pm: 62kg male: Gabriel de Sousa (BRA) v Joao Miyao (BRA)
3.28pm: 62kg female: Beatriz Mesquita (BRA) v Ffion Davies (GBR)
3.35pm: 69kg male: Isaac Doederlein (BRA) v Paulo Miyao (BRA)
3.42pm: 70kg female: Thamara Silva (BRA) v Alessandra Moss (AUS)
3.49pm: 77kg male: Oliver Lovell (GBR) v Tommy Langarkar (NOR)
3.56pm: 85kg male: Faisal Al Ketbi (UAE) v Rudson Mateus Teles (BRA)
4.03pm: 90kg female: Claire-France Thevenon (FRA) v Gabreili Passanha (BRA)
4.10pm: 94kg male: Adam Wardzinski (POL) v Kaynan Duarte (BRA)
4.17pm: 110kg male: Yahia Mansoor Al Hammadi (UAE) v Joao Rocha (BRA

LOVE%20AGAIN
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COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
UAE currency: the story behind the money in your pockets
SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now