Colombia's Juan Cuadrado and Carlos Sanchez during training at the Kazan Arena on Saturday. Sanchez is suspended for the Group H match against Poland following a red card against Japan in Colombia's opening 2-1 defeat at the World Cup. John Sibley / Reuters
 Colombia's Juan Cuadrado and Carlos Sanchez during training at the Kazan Arena on Saturday. Sanchez is suspended for the Group H match against Poland following a red card against Japan in Colombia's Show more

Death threats probe clouds Colombia preparations for crucial World Cup match against Poland



Colombia head into their World Cup clash against Poland in Group H on Sunday under pressure to get a result and with their preparations overshadowed by a police investigation into death threats made to midfielder Carlos Sanchez.

In a grisly echo of the killing of Andres Escobar, who was gunned down after scoring an own goal for Colombia at the 1994 World Cup, Sanchez received threats on social media after receiving a red card in the third minute of Tuesday's 2-1 loss against Japan.

Sanchez was sent off for a deliberate handball after trying to block a shot in the area and will miss the Poland match in Kazan on Sunday.

Jose Pekerman's team closed ranks on Saturday, undertaking a private training session at their ski resort base outside of Kazan and declining to comment on the Colombian police probe and their preparations for Poland, who were upset 2-1 by Senegal in their opener.

Queries remain over the fitness of talisman James Rodriguez, who was used as a 59th-minute substitute against Japan as he recovers from a calf problem.

Argentine Pekerman would prize dearly the option of starting the Golden Boot winner at the 2014 Brazil finals against eighth-ranked Poland, and alongside midfield partner Juan Quintero.

Sanchez's absence may open the door for Mateus Uribe to slot into midfield next to Jefferson Lerma.

After a stunning loss to Senegal, courtesy of a pair of howling errors, Poland might console themselves that they can only get better.

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Read more on World Cup 2018:

World Cup 2018: Day 10 updates - Belgium hammer Tunisia 5-2

Comment: Sadio Mane and the rest of Senegal's modern day stars owe class of 2002 a huge debt

Analysis: Why Ronaldo and the set-piece experts are rocking World Cup 2018

Japan plot to swarm over Senegal dangerman Sadio Mane in World Cup Group H showdown

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Poland manager Adam Nawałka has promised changes to a team that has the ability to both score and concede lots of goals.

With Senegal's well-drilled backline keeping Robert Lewandowski subdued, Nawalka will hope for more midfield drive to boost supply to the country's record goal-scorer.

The recall of defensive stalwart Kamil Glik, who missed the Senegal opener with a shoulder injury, would be a huge boost for Poland's hopes of stopping the likes of Rodriguez and front man Radamel Falcao.

There are still doubts about Glik's fitness, however, so Thiago Cionek, his replacement against Senegal, may keep his starting place despite scoring an own goal against the Africans.

Poland, who have never reached the knockout rounds of a World Cup after losing their opening game, will need to shore up their defence in their first competitive match against Colombia if they are to defy their history.

"It will be like a final," said Colombia striker Radamel Falcao.

"Each team will battle hard to keep the ball, and will close down the space for their opponents to operate in."

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Read more on World Cup 2018:

World Cup 2018: Ronaldo's hat-trick, Musa magic and the 10 best moments of the tournament so far

World Cup 2018: Messi overreaction, Salah's early exit and 10 worst moments so far

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Story%20behind%20the%20UAE%20flag
%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

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 banned).

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.

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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.

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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