Ambiguity with Trezeguet's injury; Gyan feeling confident; Hasek salutes Etisalat Cup



Mystery surrounds David Trezeguet's injury, with Jorvan Vieira, his coach, unwilling to comment on when the French striker could return to his struggling line-up. There have been reports claiming the 1998 World Cup winner, 33, has suffered an ankle fracture, but Vieira initially claimed it was just a "muscular injury". Asked about Trezeguet's chances of making the squad for their Pro League opener on Sunday at Ajman, Vieira would say no more than: "Inshallah. I cannot say anything more."

Asamoah Gyan will return to Al Ain this week full of confidence after his goal helped Ghana qualify for a place at the 2012 African Cup of Nations. Gyan, one of the Pro League's biggest signings this summer, got the first in a 2-0 win against Sudan in Khartoum, with John Mensah sealing victory. "I feel so pleased to be able to help my team. The goal has come at a good time and has given me some more confidence," Gyan told Ghanaian media.

Ion Marin hailed his team after a dream debut for the coach saw Dubai defeat Al Wasl 5-0 in the Etisalat Cup on Saturday. Diego Maradona fielded arguably his strongest side, but they were second best against unfancied Dubai, who last week made the Romanian their third coach of the season. Marin said: "The players were excellent and did everything we asked of them. We scored some fantastic goals and this is definitely something to build upon."

Hassan Maatouk has come to some special praise from Abdul Wahab Abdul Kader, the Ajman coach, after the Lebanese international scored twice on his debut in their 3-2 win over Al Nasr in the Etisalat Cup on Friday. "The club has invested in some good players and Hassan is up with them," said Abdul Kader. "To score twice in his first game against a top opposition is a good start for him."

Ivan Hasek has saluted the decision to start the season with the Etisalat Cup as it has allowed the teams to get in shape for the Pro League. The four rounds of cup matches have thrown up a few surprises and Hasek said: "As a coach, I am very happy. It is really good for the players and I believe every team is really happy with this competition."

Franky Vercauteren cannot wait to get all his first-choice players back for Al Jazira's Pro League opener at home to Al Ahli on Saturday. The Belgian coach was without a full team in his side's "undeserved" 4-2 Etisalat Cup defeat at Al Ain last Friday. "I will perhaps have a very different dressing room," he said. "It will be a completely different set of circumstances to the Al Ain game. But I can take positives from that defeat because we were the better team and did not deserve to lose."

Hugo's place in Al Wahda's line-up is in doubt after Josef Hickersberger, the coach, substituted the Brazilian midfielder at half time in the 3-2 home defeat to Emirates in the Etisalat Cup. "I took him out after 45 minutes because he wasn't doing anything," said the Austrian. "I consider myself as a patient coach and it was too much even for me. With this sort of performance it is not easy for me to play him in the first team."

* Compiled by Amith Passela, Ahmed Rizvi and Neil Cameron

UAE currency: the story behind the money in your pockets
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, (Leon banned).

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

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Fuel economy, combined: 13.8L/100km
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The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

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COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs