Carrick in unfamiliar territory



It is a moot point as to whether Sir Alex Ferguson has assembled the best squad of his time at Old Trafford, but he almost certainly has his biggest. Options in every department include seven international defenders plus two Brazilian prodigies - the da Silva twins - at the back. Factor in the versatility of Wes Brown and John O'Shea and the possible permutations should be endless.

However, United require an element of resourcefulness tonight. They arrived in Wolfsburg yesterday with just two defenders, one utterly untried in the senior team. Strength in depth has not rendered them immune to an injury crisis. Instead, fine players are being reinvented. As a quartet, Ryan Giggs, Patrice Evra, Michael Carrick and Darren Fletcher offer speed and skill, determination and distribution, experience and energy.

What they are not is a logical back four, yet they made up the rearguard in the final minutes of United's 4-0 win at West Ham on Saturday. Now only Evra of United's premier nine defenders is available for the Champions League game in Germany. Indeed the only other specialist in the 19-man squad is Oliver Gill, a teenager yet to appear for the first team and best known for being the son of the club's chief executive, David.

The flu-struck Nemanja Vidic is not fit to return. Nor is Brown, who limped off at Upton Park. Gary Neville and Fabio da Silva (groin) are out, Jonny Evans and Rio Ferdinand are sidelined by calf injuries and O'Shea by a thigh problem. Ferguson has grounds to be grateful that the irrepressible Evra appears indestructible and is making new demands of Carrick. A makeshift central defender on his return to West Ham, the midfielder admitted: "It's the first time I have played there."

Strolling around appearing typically languid, Carrick made it look easy. Completing each of the 26 passes he attempted, he is United's best passer at the heart of the defence since Ferguson's ill-fated gamble on an ageing Laurent Blanc. Yet the task is altogether different tonight. Carrick will be the senior figure alongside either Evra, Gill or Fletcher. The hulking Edin Dzeko and his powerful partner Grafite present a far more physical challenge.

Unlike the diminutive West Ham forward line, the Wolfsburg attackers have aerial ability in abundance. It is a reason to keep Evra - "the smallest centre-half in the world" at Upton Park, according to Ferguson - in his usual role on the left. Dzeko troubled a bigger United defence that included Vidic, Ferdinand and O'Shea at Old Trafford in September. As there is a precedent for players impressing against Ferguson's teams before joining them, that could bode well for the big Bosnian.

United's assistant manager Mike Phelan said: "He showed his threat at Old Trafford and he appeals because he is a tall, skilful boy and in some ways is an ideal player for the English league." He may prove perfect for the Champions League tonight. The German side need to win to qualify while United require a point to ensure they top the group. Given the absentees, they may come to regret taking a solitary point from their last two home games, against CSKA Moscow and Besiktas. Then weakened teams were a matter of choice. Now, though Ferguson has decided to omit Giggs, Wayne Rooney and Dimitar Berbatov, it is largely enforced.

A game that, for them, should have been a dead rubber could condemn them to second place in the group and a potential last 16 meeting with Real Madrid or Barcelona. A clean sheet should spare them that fate, so out of position and in the spotlight, much rests on Carrick and co tonight. rjolly@thenatonal.ae Wolfsburg v Manchester United, KO 11.45pm, Aljazeera Sport +3

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
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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.

Part three: an affection for classic cars lives on

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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 

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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Asia Cup 2018 Qualifier

Sunday's results:

  • UAE beat Malaysia by eight wickets
  • Nepal beat Singapore by four wickets
  • Oman v Hong Kong, no result

Tuesday fixtures:

  • Malaysia v Singapore
  • UAE v Oman
  • Nepal v Hong Kong
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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