Raul Albiol, centre, scored Napoli's lone goal on Saturday. Carlo Hermann / AFP
Raul Albiol, centre, scored Napoli's lone goal on Saturday. Carlo Hermann / AFP

‘We have to rediscover the intensity’ says Rafa Benitez as Napoli drop more points



Raul Albiol scored his maiden goal for Napoli but a week after settling for a 2-2 draw away to Bologna, their slim title hopes were dented again on Saturday, being held 1-1 at home by struggling Chievo.

Napoli remain third and are still 12 points behind Antonio Conte’s Juventus side.

Napoli coach Rafael Benitez admitted Chievo’s all-round defensive strategy had been decisive but called on his side to rediscover their early-season intensity.

“It’s not easy to play against a side that closes the game down like that but we have to rediscover the intensity that we had at the start of the season,” said the Spaniard.

Napoli were stunned inside 20 minutes when Gennaro Sardo finished off a one-two with Cyril Theareau to smash a stunning drive past Rafael Cabral and into the top corner.

The hosts tried to hit back but Gonzalo Higuain somehow missed the target from barely a yard out after Jose Callejon’s angled shot, which had beaten Christian Puggioni, found him unmarked at the back post.

Dries Mertens’s effort from a tight angle then found the outside of the post, the first of three efforts to hit the woodwork with Mertens’s free kick hitting the upright and late substitute Lorenzo Insigne’s rising drive skimming off the crossbar.

With just two minutes remaining Albiol spared Napoli’s blushes when he pounced from a corner to squeeze a deflected shot past Puggioni at his near post.

Goalkeeper Gianluigi Buffon was sent off as 10-man Juventus dropped points for the first time since October last year in a 1-1 draw at Lazio.

Juventus remain top of Serie A on 56 points but could see their lead cut to six points if Roma account for Verona in Sunday’s early game.

Juventus were looking for their 13th successive win since losing 4-2 to Fiorentina on October 20.

But their bid suffered a blow before the half hour when Buffon, who had already almost gifted Miroslav Klose a free scoring chance, saw red for hauling the German striker down on the six-yard line.

Buffon made way for No 2 keeper Marco Storari, with Ghanaian midfielder Kwadwo Asamoah forced off to leave Juve a man down.

It was Buffon’s first Serie A dismissal since February 2011, against Lecce, and the visitors were 1-0 down when Antonio Candreva sent Storari the wrong way from the spot in the 27th minute.

Juve coach Antonio Conte told Sky Sport Italia: “We were looking for the win, whether we were at full strength or not. Our winning attitude remained intact even with the setback of our keeper’s sending off.

“I was happy with the team’s reaction, it’s in times like these that their character as men, and not just as players, comes to the fore.”

Lazio had claims for another penalty waved away just before the interval after the ball clearly came off the arm of defender Leonardo Bonucci as he challenged deep in his own area.

Both sides created a series of chances in a lively second half but Juve overcame their disadvantage to pull level on the hour after a well-worked move starting with Carlos Tevez.

The Argentinian striker held off his marker on the edge of the area to send Stephan Lichsteiner through on the right, with Fernando Llorente’s glancing header from the Swiss midfielder’s cross creeping inside Etrit Berisha’s far post.

Lazio coach Edoardo Reja said: “We played a great game, despite a disappointing start due to Juve’s pressing early on.”

Roma, second and eight points behind Juve, are away to Verona on Sunday while Napoli’s fifth draw of the campaign has given a boost to Fiorentina, who are four points adrift of them before Sunday’s game against Genoa.

MEDIEVIL (1998)

Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5

Our legal consultants

Name: Hassan Mohsen Elhais

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

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

COMPANY PROFILE

Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

SPECS: Polestar 3

Engine: Long-range dual motor with 400V battery
Power: 360kW / 483bhp
Torque: 840Nm
Transmission: Single-speed automatic
Max touring range: 628km
0-100km/h: 4.7sec
Top speed: 210kph
Price: From Dh360,000
On sale: September

Scoreline

Al Wasl 1 (Caio Canedo 90+1')

Al Ain 2 (Ismail Ahmed 3', Marcus Berg 50')

Red cards: Ismail Ahmed (Al Ain) 77'

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.”

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

UAE central contracts

Full time contracts

Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid

Part time contracts

Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma

Bridgerton season three - part one

Directors: Various

Starring: Nicola Coughlan, Luke Newton, Jonathan Bailey

Rating: 3/5

The specs

Engine: 1.6-litre 4-cyl turbo

Power: 217hp at 5,750rpm

Torque: 300Nm at 1,900rpm

Transmission: eight-speed auto

Price: from Dh130,000

On sale: now

The years Ramadan fell in May

1987

1954

1921

1888

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 


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