Ruud van Nistelrooy is moving to Germany.
Ruud van Nistelrooy is moving to Germany.
Ruud van Nistelrooy is moving to Germany.
Ruud van Nistelrooy is moving to Germany.

Van Nistelrooy move all about playing time


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Ruud van Nistelrooy says he is only moving to Bundesliga club Hamburg from Real Madrid to play more often. The 33-year-old Dutch striker agreed an 18-month contract to join the German club after falling down the pecking order at the Bernabeu. Van Nistelrooy had been linked with a host of clubs recently as he looked to secure more playing time, with the English Premier League teams West Ham and Tottenham just two of the clubs that were interested in the former Manchester United striker.

He told Marca that leaving had been a "painful" decision. He ran a lap of honour before Real's Primera Liga match against Malaga last night. Van Nistelrooy says he has "written a nice page in the history of Madrid" and that his biggest disappointment was not winning the Champions League. He scored 60 goals in 89 appearances since arriving from United in 2006. With the arrival of attacking stars Cristiano Ronaldo, Kaka and Karim Benzema, he was relegated to the bench this season and has scored only one goal from four games.

Meanwhile, Real's title rivals Barcelona beat Valladolid 3-0 on Saturday night to finish the first half of the Primera Liga season unbeaten. Xavi and Daniel Alves scored for the defending champions in the first half and Lionel Messi added the third as Barcelona comfortably won their third game in a row - having outscored opponents 12-0 during that span. Barca have won 15 games and drawn four for 49 points and the win put them, temporarily at least, eight points ahead of Real before their game with Malaga.

It was Barca's second highest points total after 19 games - one less than the Spanish champions had at the same point last year. "Last year at this point we had a 12-point advantage over Madrid and we still had to win at the Bernabeu to win the league," their coach Pep Guardiola said. "It's not bad to finish the first half unbeaten, but it remains only an anecdote since we've still got a brutal number of games to play."

In Italy, the Roma coach Claudio Ranieri said he took no extra satisfaction after sealing his first win against Juventus since the Turin club fired him before the end of last since season. John Arne Riise scored in injury time to give Roma a 2-1 away win over Juve. Ranieri, who was fired by Juve two games before the end of last season said: "The city [Rome] is starting to believe in this team, we're having fun and we're playing well.

"I feel nothing personal, I'm part of Roma and I'm happy because we're in the top four. It's an important win because Juve want to stay in the race for a Champions League finish and a win puts them further behind us." Juve's under-fire coach Ciro Ferrara felt his team deserved more from their best performance since beating Inter Milan 2-1 at home at the beginning of December. "This defeat hurts, and even more so because we're going through a difficult period," he said. "It feels unjust. Given what the players did on the pitch in terms of desire, quality and the way they played, I think we deserved more."

* With agencies

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THE CLOWN OF GAZA

Director: Abdulrahman Sabbah 

Starring: Alaa Meqdad

Rating: 4/5

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.”

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Director: Guy Ritchie

Stars: Colin Farrell, Hugh Grant 

Three out of five stars

UAE currency: the story behind the money in your pockets
Five expert hiking tips
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RESULT

Wolves 1 (Traore 67')

Tottenham 2 (Moura 8', Vertonghen 90 1')

Man of the Match: Adama Traore (Wolves)

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RB Leipzig 2 (Klostermann 24', Schick 68')

Hertha Berlin 2 (Grujic 9', Piatek 82' pen)

Man of the match Matheus Cunha (Hertha Berlin

Infiniti QX80 specs

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The specs
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A meeting of young minds

The 3,494 entries for the 2019 Sharjah Children Biennial come from:

435 – UAE

2,000 – China

808 – United Kingdom

165 – Argentina

38 – Lebanon

16 – Saudi Arabia

16 – Bangladesh

6 – Ireland

3 – Egypt

3 – France

2 – Sudan

1 – Kuwait

1 – Australia
 

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Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Scores

Day 2

New Zealand 153 & 56-1
Pakistan 227

New Zealand trail by 18 runs with nine wickets remaining

How to vote

Canadians living in the UAE can register to vote online and be added to the International Register of Electors.

They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi

Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday) 

How it works

Booklava works on a subscription model. On signing up you receive a free book as part of a 30-day-trial period, after which you pay US$9.99 (Dh36.70) per month to gain access to a library of books and discounts of up to 30 per cent on selected titles. You can cancel your subscription at any time. For more details go to www.booklava.com

Results

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).

7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.

7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.

8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.

8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.

MATCH INFO

Borussia Dortmund 0

Bayern Munich 1 (Kimmich 43')

Man of the match: Joshua Kimmich (Bayern Munich)

BUNDESLIGA FIXTURES

Friday Hertha Berlin v Union Berlin (11.30pm)

Saturday Freiburg v Borussia Monchengladbach, Eintracht Frankfurt v Borussia Dortmund, Cologne v Wolfsburg, Arminia Bielefeld v Mainz (6.30pm) Bayern Munich v RB Leipzig (9.30pm)

Sunday Werder Bremen v Stuttgart (6.30pm), Schalke v Bayer Leverkusen (9pm)

Monday Hoffenheim v Augsburg (11.30pm)

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Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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Call the hotline on 0502955999 or send "thenational" to the following numbers:

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