Yaya Toure of Manchester City, right, celebrates with Mario Balotelli after scoring the match-winner in the FA Cup final.
Yaya Toure of Manchester City, right, celebrates with Mario Balotelli after scoring the match-winner in the FA Cup final.

City end long trophy drought with FA Cup final triumph



Manchester City defender Micah Richards insists his side's FA Cup final victory over Stoke City will herald the start of a glorious era at Eastlands.

While Manchester United's Premier League title triumph at Blackburn a few hours earlier stole some of the spotlight from City's first major trophy in 35 years, Richards is convinced Roberto Mancini's side are on the verge of emulating the dominance of their bitter local rivals.

With the financial backing of Sheikh Mansour bin Zayed, Richards believes City will sign more star players before next season to build on a Cup final success secured by Yaya Toure's 74th minute winner at Wembley.

"It's unbelievable. Words can't describe it. We've worked hard all season and we've won it. I can't believe it," Richards said.

"This is just the start. This is the first trophy and this is the most important one. We will build from this. We will buy in the summer. These are exciting times."

City's victory also provided a tantalising glimpse of better things to come from Mario Balotelli, who delivered a hard-working display and then admitted he has finally realised he has to be less selfish after a troubled first season in English football.

After several tantrums and tear-ups over the last nine months, Balotelli's mature performance will encourage Mancini to believe his substantial investment in the young Italian striker can still pay off.

"I feel good. I said before the game that we are better than them. We have to respect them because they are a good team but if we give everything we will win," Balotelli said. "I said all the time that my season wasn't good. I played not very good. Today I played more for the team, this is important. Every player at this club has quality and I want to give my quality for the team."

Mancini's expensively-assembled side had dominated the first half without reward, with Thomas Sorensen saving brilliantly from Balotelli and David Silva missing the target from close range.

Stoke's best chance fell to Kenwyne Jones in the 61st minute but the striker was denied by City goalkeeper Joe Hart.

Tony Pulis's side piled forward in the closing minutes, but City's defence held firm and the final whistle was greeted by a roar of relief from the blue half of Wembley Stadium.

City's triumph came on the same day as cross-city rival Manchester United won their 19th English league title, but that was far from the minds of the City fans, some of whom shed tears as they celebrated a first trophy since the 1976 League Cup, and a fifth FA Cup win.

Stoke was playing in the FA Cup final for the first time in their 148-year history and the team's supporters were in fine voice as they sang the club's unofficial anthem, Tom Jones' Delilah, ahead of kick-off.

Earlier Carlos Tevez gave City a lift by returning to the starting line-up. The Argentina striker proved his fitness in midweek after a hamstring injury by stepping off the bench in the win over Tottenham.

There was also good news for Stoke, with both Matthew Etherington and Robert Huth in the team after hamstring and knee injuries respectively.

Stoke manager Tony Pulis decided to stick with Sorensen, who has been a regular in cup games under the bar. Asmir Begovic, recognised as the number one, was not on the bench with Carlo Nash acting as back-up.

Sorensen was called into action after five minutes and reacted superbly to beat away a shot from Tevez after the ball after come off Stoke full-back Andy Wilkinson.

City maintained the momentum and Balotelli found space, only to see his effort blocked by Ryan Shawcross.

There was a scare for Stoke in the 10th minute when club skipper Shawcross almost deflected a cross from Aleksandar Kolarov into his own net.

A minute later a 30-yard thunderbolt from Yaya Toure whistled inches past the post.

Then Balotelli was left grounded after a challenge from Huth with the defender appearing to throw an elbow.

It was lively start by Roberto Mancini's side but Stoke launched a swift counter attack in the 22nd minute only for Vincent Kompany to block a shot from Kenwyne Jones.

Two minutes later Sorensen kept his side on level terms by somehow palming away Balotelli's effort after he was set up by Toure.

Stoke found themselves on the back foot in the 31st minute when Kompany surged forward and tested Sorensen from distance.

Manchester City should have taken the lead four minutes later after Tevez released Balotelli with a wonderful ball over the top.

Balotelli got only the slightest of touches and Sorensen cleared, but only as far as David Silva and it seemed he must score.

However, the Spanish forward hit the ball down into the ground and over the bar.

It was a clear chance and Stoke responded with Jermaine Pennant finding Jones but he failed to test goalkeeper Joe Hart, his effort going nearer the corner flag than the goal.

Huth was then booked for a shuddering challenge on Micah Richards, who was left wincing on the floor.

This was a difficult spell for Stoke, who were finding themselves continually pegged back.

Nigel de Jong blasted a shot wide and then Kolarov was wasteful as Manchester City tried to turn the screw before half-time but without success.

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

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.

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Recipe: Spirulina Coconut Brothie

Ingredients
1 tbsp Spirulina powder
1 banana
1 cup unsweetened coconut milk (full fat preferable)
1 tbsp fresh turmeric or turmeric powder
½ cup fresh spinach leaves
½ cup vegan broth
2 crushed ice cubes (optional)

Method
Blend all the ingredients together on high in a high-speed blender until smooth and creamy. 

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Three ways to limit your social media use

Clinical psychologist, Dr Saliha Afridi at The Lighthouse Arabia suggests three easy things you can do every day to cut back on the time you spend online.

1. Put the social media app in a folder on the second or third screen of your phone so it has to remain a conscious decision to open, rather than something your fingers gravitate towards without consideration.

2. Schedule a time to use social media instead of consistently throughout the day. I recommend setting aside certain times of the day or week when you upload pictures or share information. 

3. Take a mental snapshot rather than a photo on your phone. Instead of sharing it with your social world, try to absorb the moment, connect with your feeling, experience the moment with all five of your senses. You will have a memory of that moment more vividly and for far longer than if you take a picture of it.

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
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Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

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.

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.

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.”