Son Heung-min of Tottenham Hotspur celebrates with his teammates Erik Lamela, centre, and Toby Alderweireld, right, after scoring. Maxim Shipenkov / EPA
Son Heung-min of Tottenham Hotspur celebrates with his teammates Erik Lamela, centre, and Toby Alderweireld, right, after scoring. Maxim Shipenkov / EPA
Son Heung-min of Tottenham Hotspur celebrates with his teammates Erik Lamela, centre, and Toby Alderweireld, right, after scoring. Maxim Shipenkov / EPA
Son Heung-min of Tottenham Hotspur celebrates with his teammates Erik Lamela, centre, and Toby Alderweireld, right, after scoring. Maxim Shipenkov / EPA

Uefa Champions League: Son Heung-min gets Tottenham back ‘in the race’ with win over CSKA Moscow


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South Korean winger Son Heung-min got Tottenham Hotspur's Champions League campaign up and running with a 1-0 win at CSKA Moscow on Tuesday.

Son picked up a pass from Erik Lamela after 71 minutes to score his fifth goal in five games for the north Londoners.

The three points put Tottenham second, one point behind French Ligue 1 side AS Monaco, who drew 1-1 with Bundesliga outfit Bayer Leverkusen in the other game in Group E.

“We’ve played much better tonight (than against Monaco) but it was a tough game as it’s always difficult to play here in Moscow,” Tottenham manager Mauricio Pochettino said.

“It was very important for us to get three points here as we were in a must-win position.”

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Back in the Champions League for the first time in five years, Tottenham dominated possession in the opening half-hour but the Russian champions defended stoutly, stifling the visitors’ attacking efforts.

Dele Alli went close after 35 minutes but his powerful shot from just outside the area hit the woodwork with CSKA goalkeeper Igor Akinfeev already beaten.

Just a minute later Dutch striker Vincent Janssen — playing in the absence of Harry Kane — collected the ball in the home team’s area and lobbed into the net over Akinfeev, but his effort was disallowed for offside.

Kieran Trippier found the unmarked Toby Alderweireld in the area five minutes before the break but the Belgian defender’s header was saved.

After the interval Tottenham tested the CSKA defence and in the 54th minute Son had a chance to open the scoring from outside the box but his powerful left-foot strike flew just inches past the far post.

Spurs’ increasing pressure finally paid off as Son stunned the crowd at the packed 30,000-seat CSKA Arena in the 71st minute when he collected a Lamela pass and beat Akinfeev, who got a touch but could not stop the ball trickling over the line.

“We’re in the race for the next round,” Pochettino said.

“It’s a very important three points. But there’s four games remaining to play and everything is still open.”

Next up for Tottenham is a double-header with Bayer Leverkusen, who have drawn both of their matches so far.

“It’s a pity we failed to resist Tottenham’s attacks after the break,” said CSKA head coach Leonid Slutsky.

“At the same time we failed to convert our chances. I’ll say again it’s very annoying.”

*Agence France-Presse

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MATCH INFO

Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)

Russia 0

THE SPECS

Engine: 4.4-litre V8

Transmission: Automatic

Power: 530bhp 

Torque: 750Nm 

Price: Dh535,000

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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.”

'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

The biog

Hobbies: Writing and running
Favourite sport: beach volleyball
Favourite holiday destinations: Turkey and Puerto Rico​