Michael Essien, right, congratulates teammate Florent Malouda, scorer of the Blues' fourth goal against Arsenal at Emirates.
Michael Essien, right, congratulates teammate Florent Malouda, scorer of the Blues' fourth goal against Arsenal at Emirates.

Arsenal 21-match unbeaten run comes to an end



Chelsea did their talking on the pitch this afternoon with a 4-1 win at Emirates Stadium securing at least third place in the table and ending Arsenal's 21-match unbeaten Premier League run. Uefa have yet to rule on the unacceptable overreaction from several of the Chelsea players ? most notably a foul-mouthed tirade by striker Didier Drogba ? following their controversial midweek exit in the Champions League to a late Barcelona away goal. However, there were no such flashpoints this afternoon as all of Guus Hiddink's men kept their composure to weather early pressure from the home side before killing the game off with two clinical strikes. Chelsea ? who beat Arsenal to reach the FA Cup final at the end of the month ? are now guaranteed automatic entry to Europe's elite club competition once again next season, while Arsene Wenger must again guide his young team through qualification as another campaign finishes empty-handed. Theo Walcott, who has just signed a new long-term contract, was full of running and fired over following a neat one-two with Robin van Persie as Arsenal started brightly. The England forward was put in again down the right side of the penalty area by Samir Nasri, but Petr Cech stood up well at his near post. Abou Diaby should have scored when he shot wide after being picked out in the centre by Walcott, who then drilled an angled shot just wide from 18 yards following a surging run down the left by Diaby. Chelsea finally managed an attack when former Arsenal defender Ashley Cole skipped away down the left and pulled the ball back into the path of Florent Malouda, with Kieran Gibbs ? whose unfortunate slip against United proved so costly ? making a timely block. Chelsea snatched the lead on 28 minutes. Arsenal captain Cesc Fabregas was cautioned for showing dissent after he was ruled to have tripped Drogba. The Ivorian lofted the resulting free-kick into the penalty area and Alex headed the ball in off the underside of the crossbar, with Lukasz Fabianski rooted to the spot as Arsenal conceded a first Premier League goal at Emirates in more than 13 hours. Fabregas was then fortunate to stay on the field when he upended Malouda and received only a stern talking to from referee Phil Dowd. As happened against United, Arsenal found themselves 2-0 down before they could respond. Nicolas Anelka, once idolised by Gunners fans, picked up the ball just inside the opposition half and charged forward before riffling a shot into the bottom corner from 20 yards. Fabianski made a smart stop with his legs from Anelka during first-half stoppage time but it was 3-0 just four minutes after the restart as Arsenal hit the self-destruct button in defence again, when Cole's cross from the left was put past Fabianski by the outstretched foot of Kolo Toure. Cech saved from Van Persie before substitute Nicklas Bendtner ? fined after being photographed leaving a nightclub with his trousers down after the United defeat ? headed a consolation goal with 20 minutes left. Although the Gunners, who travel to Old Trafford for what could be a title party next week, went on to have a good spell, it was too little too late ? and Malouda tapped in Chelsea's fourth from close range in the 86th minute after Anelka had struck the post following a counter-attack. *PA Sport

Profile

Name: Carzaty

Founders: Marwan Chaar and Hassan Jaffar

Launched: 2017

Employees: 22

Based: Dubai and Muscat

Sector: Automobile retail

Funding to date: $5.5 million

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

Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

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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Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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