Robin van Persie and Daley Blind scored early goals to help give the Netherlands a 3-0 win over hosts Brazil in the third-place match at the World Cup on Saturday.
With the result, the Netherlands finish unbeaten in regular play in the World Cup for the first time, having lost to Argentina on penalties in the semi-finals. After finishing runners-up in 2010, the third place is the best position for the Dutch squad since they lost the final in 1978.
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The loss added to Brazil’s frustration at the home tournament following the disastrous 7-1 defeat to Germany. After the final whistle, the players were loudly booed by the nearly 70,000 fans who attended the match at the Estadio Nacional Mane Garrincha in Brasilia. Many had already left before the late third goal by the Dutch.
“It’s a terrible feeling, I don’t know what to say,” Oscar said. “After a huge loss to Germany, today we tried our best from the beginning to win third place but it wasn’t our day. We have to see what went wrong so we can improve for the future.”
Van Persie converted a penalty kick three minutes into the match after Arjen Robben was brought down by Brazil captain Thiago Silva on the edge of the area. Blind added to the lead in the 17th with a shot from near the penalty spot after defender David Luiz made a mistake while trying to clear a cross in front of the goal. Georginio Wijnaldum rounded off the win in injury time with a shot inside the near post.
“The most beautiful was our resilience. We were knocked out but we came back and finished third,” Wijnaldum said. “We wanted to close it out well.”
Brazil looked lost from the start, making many of the same defensive mistakes that marked the historic defeat to the Germans four days previous. The Netherlands took advantage with quick passes and speed in the attack.
Silva had to foul Robben after being beaten on the run, leading to Van Persie’s firm left-foot shot into the right upper corner to put the Dutch ahead.
The Dutch wanted a red card for Silva for a professional foul, but Algerian referee Djamel Haimoudi showed him a yellow. Silva had missed the semi-final against Germany because of a yellow-card suspension.
Blind added to the lead after Luiz failed to clear a cross, heading the ball right back to the Dutch defender for an easy goal.
Wijnaldum scored after a cross by Daryl Janmaat.
“It was a great end,” Robben said. “You can get rid of a bit of the shock of not going to the final, but not completely. The disappointment stays. We’ve been so close. We deserved more.
“I’m finished, I’ve given everything. We’ve come so close. That’s why the third place is so deserved. I’m so proud of this team, compliments to them.”
Brazil’s best chance in the first half came on a free kick taken by Oscar in the 36th, but Silva and Luiz were not able to reach the low cross in front of goal. In the second, Ramires came close with a low right-foot shot from the top of the area in the 60th.
Brazil wanted a penalty when Oscar went down in the area in the 68th, but the referee instead gave a yellow card to the Brazilian for diving.
“It’s frustrating,” Silva said. “We didn’t deserve to have it end like this. But, unfortunately, it’s football. I have to apologise to our people. The fans supported us even during the 7-1 loss and again today. They booed in the end, but it was normal. They have feelings, too.”
It was the fourth time Brazil played in a third-place match. They beat Sweden in 1938 and Italy in 1978, and lost to Poland in 1974.
The Netherlands had played in the third-place match once before. They fell to Croatia 2-1 in 1998 after being beaten by Brazil in the semi-finals.
Dutch coach Louis van Gaal, in his final match with the Netherlands before joining Manchester United, had to play without midfielder Wesley Sneijder, who was injured while warming up for the game.
Brazil coach Luiz Felipe Scolari made six changes from the team that started in the loss against Germany, the national team’s worst defeat since losing 6-0 to Uruguay in 1920.
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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.”
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Super heroes
Iron Man
Reduced risk of dementia
Alcohol consumption could be an issue
Hulk
Cardiac disease, stroke and dementia from high heart rate
Spider-Man
Agility reduces risk of falls
Increased risk of obesity and mental health issues
Black Panther
Vegetarian diet reduces obesity
Unknown risks of potion drinking
Black Widow
Childhood traumas increase risk of mental illnesses
Thor
He's a god
MATCH INFO
Real Madrid 2 (Benzema 13', Kroos 28')
Barcelona 1 (Mingueza 60')
Red card: Casemiro (Real Madrid)
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
The Kites
Romain Gary
Penguin Modern Classics
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Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
