Arsenal strengthen Champions League claim with victory over West Ham


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Arsenal tightened their grip on fourth place in the Premier League after goals from centre-backs Rob Holding and Gabriel delivered a 2-1 victory over West Ham at the London Stadium.

The Gunners struck from corners in each half to secure a crucial three points in their race for Champions League qualification and for the time being hold off closest rivals Tottenham.

Bukayo Saka was an influential figure throughout and Arsenal would have won more comfortably had Eddie Nketiah not been so wasteful, but West Ham were magnificent given their Europa League semi-final commitments and shortage of defenders.

Star forward Michail Antonio only appeared as a second-half substitute after Thursday night’s 2-1 defeat by Eintracht Frankfurt and Declan Rice started even though the away leg is only four days away.

West Ham’s biggest problems were in defence, however, where injury and suspension left Kurt Zouma as the only fit centre-back and at times even he appeared to still be hampered by his recent ankle injury.

But they emptied the tanks and took the game to their London rivals for long spells, looking the stronger side and equalising through Jarrod Bowen before eventually falling to a defeat that mathematically ends their own designs on fourth place.

Nketiah was the catalyst as Arsenal crept ahead against the run of play, threading his way into the box to force a save from Lukasz Fabianski and from the ensuing corner Saka found Holding, who nodded home his first Premier League goal.

West Ham’s levelled when a long pass from Rice into the box found Vladimir Coufal and the Czech defender controlled the ball brilliantly before picking out Bowen, whose shot deflected off Gabriel and into the net.

The second half started at a frantic pace as Bowen was shown a yellow card for simulation as he avoided Aaron Ramsdale’s lunge, amid a breathless spell for West Ham that ended abruptly when Arsenal added a second.

Once again they pounced from a corner as the ball found Gabriel Martinelli, who crossed to his unmarked namesake and fellow Brazilian for a diving header that beat Fabianski at the far post.

A flare hurled from the away fans’ section was cleared off the pitch and play resumed with Nketiah failing to make the most of a strong chance as Arsenal broke incisively.

UAE currency: the story behind the money in your pockets
Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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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UAE currency: the story behind the money in your pockets
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Name: The Protein Bakeshop

Date of start: 2013

Founders: Rashi Chowdhary and Saad Umerani

Based: Dubai

Size, number of employees: 12

Funding/investors:  $400,000 (2018) 

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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.

Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test Thursday-Monday at Colombo
  • 3rd Test August 12-16 at Pallekele
Updated: May 01, 2022, 5:58 PM`