Chelsea's Jose Bosingwa, left, tackles Manchester United's goalscorer Ji-Sung Park during their 1-1 draw at Stamford Bridge.
Chelsea's Jose Bosingwa, left, tackles Manchester United's goalscorer Ji-Sung Park during their 1-1 draw at Stamford Bridge.

United still up for the fight



LONDON // Salomon Kalou preserved Chelsea's remarkable four-year, 85-game unbeaten home record as he scored a dramatic equaliser against Manchester United just when Sir Alex Ferguson's side through they had re-ignited their season with a victory at Stamford Bridge yesterday.

The substitute Kalou had only been on the pitch for five minutes when he rose to head home an 80th-minute free-kick from John Obi-Mikel and earn Chelsea a draw against the champions and maintain a six-point advantage over their rivals. United, who have won only once in their last six games, must have thought they were about to become the first team since Arsenal in Feb 2004 to take three league points at Stamford Bridge following a dominant first-half display and a 17th minute goal from Park-Ji Sung .

But not even the arrival of Cristiano Ronaldo as a second-half substitute could make that happen as Chelsea battled to save their unbeaten record in a match that was high on drama as referee Mike Riley booked seven United players. Sir Alex Ferguson claimed in the pre-match build-up that battles against Arsenal remain more important for him despite the recent rivalry between the two clubs which included last season's Champions League final. You can't, he implied, just buy the kind of history that makes a fixture special.

Even so there was a lot riding on the result and Chelsea and United seem to have packed an awful lot of history into a short space of time. United's victory in the Champions League final after John Terry missed what would have been the winning penalty was at the forefront of everybody's mind at Stamford Bridge, and not least the visiting fans who greeted him with ironic cheers. The anthem "Viva John Terry, he could have won the Cup but he messed it up", or at least a hardcore version of it, rung out around the ground - the same venue where United players scuffled with Chelsea groundstaff following a 2-1 defeat last year.

Given Chelsea's flying start to the season under Scolari, there was a real chance for the home side to go nine points clear of their rivals and steal a march in the title race. Ferguson, however, is far too experienced to listen to critics and he won the tactical battle in the first half as his United side went 1-0 up and left Chelsea badly rattled. Scolari's wing-back system was ripped to shreds as United thundered forward from the start, with Fletcher going close after five minutes and Ferdinand denied spectacularly by Petr Cech following a sweeping move.

Chelsea, who had been stunned an injury to key midfielder Deco in the pre-match warm-up, suffered another blow when Ricardo Carvalho limped off after only 12 minutes to be replaced by Alex. United went ahead after 18 minutes with a wonderful fast-paced move as Rooney swept a pass through to Evra who shook off Bosingwa's ineffective challenge to find Berbatov. The Bulgarian's shot was saved but fell straight to Park to side-foot home.

Chelsea appealed for a penalty when Malouda collided with van der Sar, a challenge which left the United goalkeeper too badly injured to carry on and required Tomasz Kusczcak to replace him. The home side, who brought on Drogba after the break, had more of the ball in the second half as the tension rose but it was battling qualities rather than quality that got them back in contention. Cole missed another chance when he shot straight at Kusczcak after 66 minutes but Kalou eventually saved the day 10 minutes from time. Another chapter in the history of Chelsea and Man United has been written but it will be many months yet before we know the final ending.

@Email:sports@thenational.ae

Virtual banks explained

What is a virtual bank?

The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.

What’s the draw in Asia?

Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.

Is Hong Kong short of banks?

No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year. 

ANALYSTS’ TOP PICKS OF SAUDI BANKS IN 2019

Analyst: Aqib Mehboob of Saudi Fransi Capital

Top pick: National Commercial Bank

Reason: It will be at the forefront of project financing for government-led projects

 

Analyst: Shabbir Malik of EFG-Hermes

Top pick: Al Rajhi Bank

Reason: Defensive balance sheet, well positioned in retail segment and positively geared for rising rates

 

Analyst: Chiradeep Ghosh of Sico Bank

Top pick: Arab National Bank

Reason: Attractive valuation and good growth potential in terms of both balance sheet and dividends

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

UAE currency: the story behind the money in your pockets
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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

 

 

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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 five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Fixtures:

Wed Aug 29 – Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore
Thu Aug 30 - UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman
Sat Sep 1 - UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal
Sun Sep 2 – Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore
Tue Sep 4 - Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong
Thu Sep 6 – Final

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