In this Monday, June 6, 2011 file photo, a view of soccer stadium, Donbass Arena, in Donetsk, Ukraine. More than a year ago, Shakhtar Donetsk was poised to become one of European soccer’s giants. Backed by Ukraine’s richest man, industrialist Rinat Akhmetov, the club imported Brazilian stars en masse with a mission to win the Champions League, Europe’s most prestigious competition. Now, with the country wracked by conflict, Shakhtar has become a team of multimillionaire refugees. Efrem Lukatsky / AP Photo
In this Monday, June 6, 2011 file photo, a view of soccer stadium, Donbass Arena, in Donetsk, Ukraine. More than a year ago, Shakhtar Donetsk was poised to become one of European soccer’s giants. BackShow more

By continuing to play, Shakhtar Donetsk hope to win the battle without fighting



LVIV, Ukraine // The sleek stadium, built six years ago and host to some of Europe’s biggest football matches, is silent. It sits in the middle of the city of Donetsk, a war zone controlled by pro-Russian separatists battling Ukrainian troops.

The US$425 million (Dh1.5bn) Donbass Arena serves as a depot and distribution point for supplies of humanitarian aid, stacked in corridors beneath its 52,000 orange-and-black seats.

It is the home of the football team known as Shakhtar Donetsk, but the squad has not played there since May 2 last year.

The fighting in eastern Ukraine has forced the team to temporarily relocate, playing their home games in the far western city of Lviv, near the border with Poland, more than 1,000 kilometres away.

Players like Ivan Ordets originally packed light for what they thought would be a short stay, living in the Ukrainian capital of Kiev and travelling by bus to the games in Lviv.

Nine months later, with the war dragging on through failed ceasefires and nearly 5,800 people killed, the players have rented apartments in Kiev and are starting to build new lives there, but their thoughts never stray far from the conflict.

“It’s the first time in my life that I haven’t been home for a long time,” the 22-year-old Ordets said.

Although his mother has moved with him to Kiev, other relatives remained behind.

“My uncle, my aunt, my dad – they’ve stayed in the east of Ukraine. In that way, it’s hard and I’m worried for them,” he said.

Ordets, a defender, is one of the few Ukrainians in Shakhtar Donetsk’s squad, which includes 13 Brazilians, more than half its roster. He comes from Volnovakha, a small town near Donetsk, but on the Ukrainian government side of the lines.

Last month, a passenger bus in Volnovakha was hit by a shell, killing 13 people.

The Ukrainian government accused the Russia-backed separatists, who denied responsibility.

“They’re shooting and it’s not a calm situation there in the town. There’s a lot of troops in the town,” Ordets said, speaking in a luxury hotel in Kiev that serves as the team’s temporary base.

Some neighbourhoods of Donetsk have been wrecked by indiscriminate shelling and its airport – refurbished and modernised for the 2012 European Championships – is in ruins.

The team’s Donbass Arena has had damage to its exterior from the fighting.

Security-camera video from October 20 showed a person nearly being hit by falling glass from the top of the stadium and the club said it was caused by a shock wave from a nearby explosion, although it said that no one was hurt.

The team takes its name, “Shakhtar”, from the coal miners who work in the industrialised region of the Donbass – or Donetsk Basin – of eastern Ukraine.

Most of the residents in the east speak Russian and want closer ties to Moscow, regarding the government in Kiev with suspicion.

By contrast, western Ukraine tilts more towards Europe and the city of Lviv is a stronghold of Ukrainian nationalism.

Shakhtar Donetsk is owned by billionaire Rinat Akhmetov, an industrialist who is Ukraine’s richest man. His companies employ thousands in the Donetsk area, he built Donbass Arena, and he has publicly opposed the separatists.

Not surprisingly, Ordets said “all the team, all the guys are for a united Ukraine”, and many of the club’s fans also have been vocal opponents of the rebels. Online forums for Shakhtar supporters are filled with appeals to raise funds for Ukrainian troops trying to retake Donetsk.

Some fans sell Shakhtar apparel – normally orange and black – with Ukraine’s national colours of yellow and blue.

Under Akhmetov, the team imported the Brazilian stars en masse with a mission to win the Uefa Champions League. Last year, Shakhtar Donetsk finished atop the Ukrainian Premier League.

Five of the Brazilian players initially refused to return to the club last year for the new season because of the conflict, including stars Douglas Costa and Alex Teixeira, but all eventually returned.

Last week, Shakhtar held German champion Bayern Munich to a scoreless draw in Lviv in the first leg of their last-16 Champions League tie, with the stadium decked out in a show of Ukrainian unity.

Fans from eastern Ukraine travelled more than a day by bus to support their team, whose nickname is the “Pitmen” – after their coal-mining roots.

Shakhtar team captain Darijo Srna said the bloodshed in the east both saddens and inspires the players.

“Inside of the heart, inside of the soul, we are feeling the problems and we are playing for our fans,” Srna said.

Although he is from Croatia, Srna has spent the past 12 years with Shakhtar and considers Donetsk to be his home.

In November, he arranged for 20 tons of fruit to be delivered to children in Donetsk via the team owner’s charitable foundation, as part of efforts to ease the humanitarian crisis brought on by the fighting.

“For me, the most important moment in the war is to help,” he said.

Some Shakhtar fans say Ukraine’s deep political division has forced them to move west because they felt threatened by supporters of the pro-Moscow forces.

“They caused problems for a lot of us. It was becoming unsafe for me to stay,” said a man who asked to be identified only as Kirill for fear of reprisal against his relatives still in rebel-held territory.

Not everyone has welcomed Shakhtar Donetsk to western Ukraine.

The city is home to an underachieving club called Karpaty Lviv and there have been some tensions between its fans and those of the richer, more-talented squad from the east that is temporarily using the stadium. At a Shakhtar game in November, some fans unfurled a banner that said, “Get out of Lviv”.

But there was no sign of ill will at the Bayern match, with many local fans wearing the Shakhtar colours.

“I’ve got nothing bad to say about it,” said 69-year-old Yuri Kotov, who travelled to Lviv from the town of Severodonetsk in the partly rebel-held Luhansk region of eastern Ukraine. “It’s a full stadium and they’re welcoming us.”

What the future holds for Shakhtar is as uncertain as the outcome of the conflict.

When the current players are sold or their contracts expire, the team might find it hard to attract replacements if it does not have a permanent home.

For now, the team and its fans are focused on letting the game give them some respite from the bloodshed.

“There’s a war going on, but you have to give people just a little bit of joy with the games and with victories, so that they believe that everything will be fine,” Ordets said.

* AP writers Sophiko Megrelidze, Balint Szlanko and Peter Leonard contributed to this story

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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.

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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.

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Stage 7:

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

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

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General Classification:

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

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Company name: Nestrom

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Investors: Propeller, 500 Startups, Wamda Capital, Agrimatico, Techstars and some angel investors

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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

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Bulletproof coffee

Wild & The Moon

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