Republic of Ireland's Robbie Brady in action with England's Raheem Sterling during their international friendly at the Aviva Stadium in Dublin on June 7, 2015. Lee Smith / Reuters
Republic of Ireland's Robbie Brady in action with England's Raheem Sterling during their international friendly at the Aviva Stadium in Dublin on June 7, 2015. Lee Smith / Reuters

Wayne Rooney makes way for debutant Jamie Vardy as listless England draw with Ireland



England’s winless run against neighbours the Republic of Ireland was extended to six matches on Sunday following a torpid 0-0 draw in a friendly at Dublin’s Aviva Stadium.

It was the first time England had played in Dublin since rioting far-right hooligans caused a friendly in February 1995 to be abandoned after only 27 minutes, but while the reunion passed off without incident off the pitch, there was precious little to stir the blood on it.

It was nonetheless a memorable occasion for England forward Jamie Vardy and Ireland midfielder Harry Arter, both of whom made their international debuts.

Both teams will now switch their attentions to 2016 European Championship qualifiers next weekend, when Ireland host Scotland in a key Group D fixture and England look to extend their 100 per cent record in Group E away to Slovenia.

The Football Association had written to England’s 3,000 travelling fans, warning them not to repeat chants about Irish paramilitary group the IRA that had been aired at recent away games against Scotland and Italy.

But it was with wit, rather than viciousness, that England’s fans goaded their hosts, chanting “Sepp Blatter, he paid for your ground!” in reference to this week’s revelation that Fifa paid the Football Association of Ireland €5 million (Dh20.4m) after Thierry Henry’s handball took France to the 2010 World Cup at Ireland’s expense.

A small number of home fans whistled during ‘God Save the Queen’, but it was Liverpool contract rebel Raheem Sterling who bore the brunt of their ire.

Generally, though, the atmosphere was as flat as a pancake, reflecting a drab game with a distinct end-of-term feel.

England’s probings, generally instigated by midfield anchor Jack Wilshere, came to nought, and it was Ireland who created what few chances there were in the first half.

Daryl Murphy jabbed fractionally wide from Jeff Hendrick’s flick-on, while David McGoldrick, Murphy’s Ipswich Town teammate, saw a shot deflected behind by Gary Cahill.

It was not until a minute before half time that England mustered an attempt at goal, Adam Lallana cutting in from the left and shooting over.

England captain Wayne Rooney was a virtual bystander in the first half, and when Jordan Henderson’s pass gave him a clear run on goal early in the second, his touch betrayed him.

The game began to open up a bit, though, with England goalkeeper Joe Hart ferrying a Robbie Brady free kick around his near post and parrying from substitute Jon Walters at one end, and Sterling shooting wide at the other.

A gaggle of Irish substitutions early in the second half included a debut for Bournemouth midfielder Arter, who replaced Glenn Whelan.

Leicester City striker Vardy entered the fray with 16 minutes to play, replacing Rooney, to complete a remarkable three-year ascent from non-league to international football.

After Arter had drilled wide following a run from deep, England substitute Andros Townsend took aim from distance, but Ireland goalkeeper Shay Given, who had replaced Keiren Westwood, got down well to keep the visitors without a win in Ireland since a 3-1 friendly win in May 1964.

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OIL PLEDGE

At the start of Russia's invasion, IEA member countries held 1.5 billion barrels in public reserves and about 575 million barrels under obligations with industry, according to the agency's website. The two collective actions of the IEA this year of 62.7 million barrels, which was agreed on March 1, and this week's 120 million barrels amount to 9 per cent of total emergency reserves, it added.

Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

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Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

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Power: 320bhp
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Saturday's schedule at the Abu Dhabi Grand Prix

GP3 race, 12:30pm

Formula 1 final practice, 2pm

Formula 1 qualifying, 5pm

Formula 2 race, 6:40pm

Performance: Sam Smith

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

HAJJAN
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PFA Premier League team of 2018-19

Allison (Liverpool)

Trent Alexander-Arnold (Liverpool)

Virgil van Dijk (Liverpool)

Aymeric Laporte (Manchester City)

Andrew Robertson (Liverpool)

Paul Pogba (Manchester United)

Fernandinho (Manchester City)

Bernardo Silva (Manchester City)

Raheem Sterling (Manchester City)

Sergio Aguero (Manchester City)

Sadio Mane (Liverpool)

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UAE currency: the story behind the money in your pockets
Have you been targeted?

Tuan Phan of SimplyFI.org lists five signs you have been mis-sold to:

1. Your pension fund has been placed inside an offshore insurance wrapper with a hefty upfront commission.

2. The money has been transferred into a structured note. These products have high upfront, recurring commission and should never be in a pension account.

3. You have also been sold investment funds with an upfront initial charge of around 5 per cent. ETFs, for example, have no upfront charges.

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Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

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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What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.


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