Arturo Vidal reacts after scoring in the penalty shoot out during the 2017 Confederations Cup semi-final football match between Portugal and Chile
Arturo Vidal reacts after scoring in the penalty shoot out during the 2017 Confederations Cup semi-final football match between Portugal and Chile

Confederations Cup: Chile refuse to lie down against Portugal



Chile’s indestructible team spirit and unyielding attitude have laid the foundations for a hugely successful run that will see them contest a third straight international final at the Confederations Cup.

Claudio Bravo proved Chile’s hero on Wednesday as the Manchester City goalkeeper saved all three penalties to eliminate Portugal in a semi-final shootout following a 0-0 draw after extra time in Kazan.

"That was unbelievably stressful," admitted the 34-year-old Bravo, as Chile won 3-0 on penalties to set up a showdown on Sunday with Germany or Mexico.

"This team never gives up, which means we can achieve great things like this."

While Bravo showed nerves of steel, his teammates transformed iron will into cool composure as Arturo Vidal, Charles Aranguiz and Alexis Sanchez calmly converted their spot-kicks.

With the European champions vanquished, Chile are eager for a potential rematch with world champions Germany as they attempt to add the Confederations Cup trophy to their 2015 and 2016 Copa America titles in Saint Petersburg.

"That was a crazy end, the first penalty is always the most important," said Vidal, who buried Chile’s opening spot-kick just inside the post.

"We fought like crazy and now we hope we can face Germany in the final and also win."

Chile qualified for Russia as South American champions, ahead of powerhouses Argentina and Brazil — winners of the Confederations Cup in 1997, 2005, 2009 and 2013.

Chile ended a 99-year wait for a maiden Copa America title in 2015, defeating Argentina on penalties, before retaining their crown a year later in a special centenary edition.

The rise of Chile’s La Roja has been consistent, and they were unlucky to lose out to 2014 World Cup hosts Brazil on penalties in the last 16 after beating defending champions Spain 2-0 in the group stage.

They shook off that heartbreak to lift the Copa America on home soil in 2015, with Lionel Messi again reduced to tears and briefly announcing his international retirement as Chile downed Argentina following another shootout in 2016, this time in the US.

Forward Eduardo Vargas was the 2016 Copa America’s top scorer with six goals, while Alexis Sanchez was voted best player and Bravo was nominated as best goalkeeper.

The back-to-back titles were achieved with roughly the same squad, ensuring it is a group that can draw on the invaluable experience of achieving success on the big stage.

City’s Bravo and Arsenal striker Sanchez play regularly in England’s Premier League, while Vidal has lifted the Bundesliga trophy twice in as many seasons since moving to Bayern Munich.

After spells at Bayer Leverkusen and Juventus, Vidal replaced Bastian Schweinsteiger at Bayern and has developed into one of the world’s best midfielders, crucially calming his sometimes volatile temper in Bavaria.

Vidal chased Ronaldo around the pitch in Kazan, regularly robbing the Real Madrid superstar of possession and subduing Portugal’s leading threat.

The Chileans have earned fans in high places, with Germany coach Joachim Loew admitting he was fascinated by Juan Antonio Pizzi’s team before last Thursday’s 1-1 group stage draw.

"They are flexible like maybe no other side, very unpredictable," said Loew.

"Almost every player is capable of scoring and wants to score goals.

"They are so flexible that, from time to time, you cannot tell which player is playing which position."

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.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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UAE currency: the story behind the money in your pockets
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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

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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
 
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