Saviola turned down Al Wasl, while Al Kathiri and Al Hashmi get three-year deals at Wahda



Javier Saviola, the former Barcelona and Real Madrid striker who is struggling to seal a starting spot at Benfica, has turned down an offer to move to the Dubai club during the January transfer window, according to Portuguese newspaper Diario de Noticias. The offer for the Argentine, 29, according to the newspaper, came in the last week of September through a cousin, who was acting as an intermediary between Saviola and Wasl, but he said no after being promised more opportunities in the coming months by his coach Jorge Jesus. Spanish clubs Sevilla, Villarreal and Espanyol have also shown an interest in the forward.

Paulo Bonamigo will be missing some of his key players tonight when Shabab travel to Sharjah for their Etisalat Cup match. Azizbek Hydarov has left to assist the Uzbekistan national team in their 2014 World Cup qualifier against North Korea on Tuesday, and Walid Abbas and Mohammed Ahmed are on UAE national duty. Bonamigo will also be missing Essa Mohammed and Mohammed Marzooq through injuries, while Abdullah Darwish is doubtful after missing training because of a thigh strain. Shabab lost 3-1 to Al Ahli in the last match and Bonamigo said: "We need to forget that game and play the best we can in Sharjah. We will have to work really hard because we are missing some important players."

Valeriu Tita is hoping to use tonight's Etisalat Cup match against Al Shabab to get his team into top shape ahead of the start of the Pro League next weekend. Sharjah have a tough opening to the campaign. They visit Al Wasl on October 16 and then host Al Jazira, the defending champions, in the second round. "We start with two really tough matches and this game against Shabab gives me an opportunity to gauge the real level of the players before I finalise my squad for the league," Tita said.

Zayed Al Kathiri and Mohsin Al Hashmi, both products of the Al Wahda Academy, were given three-year first-team contracts yesterday. Al Kathiri, the 20-year-old midfielder is the younger brother of Saeed Al Kathiri, the club's UAE international forward. Al Hashmi, 21, will be understudy to the first-team goalkeeper Mutaz Abdulla, the former UAE international, and Adel Al Hosani, the Olympic team stopper.

Khamis Ismail does not regret leaving Emirates for Al Jazira even it could mean him facing a fight for a first-team place. The midfielder will captain his new team tonight against Al Ain in the Etisalat Cup, in place of the suspended Ibrahim Diaky. "Everyone wants to play for a team that won the league and President's Cup," he said. "It is up to me to show the coach my quality in this game and continue to work hard. This is a club I want to play for." In other team news, Ali Kasheif is expected to play his first game of the season since returning from a knee surgery. The goalkeeper was named in the squad as a depleted Jazira meet Al Ain in tonight's Etisalat Cup Group A at the Maktoum bin Rashid Stadium in Dubai.

* Compiled by Amith Passela, Ahmed Rizvi and Neil Cameron

The%20specs
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The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

if you go

Getting there

Etihad (Etihad.com), Emirates (emirates.com) and Air France (www.airfrance.com) fly to Paris’ Charles de Gaulle Airport, from Abu Dhabi and Dubai respectively. Return flights cost from around Dh3,785. It takes about 40 minutes to get from Paris to Compiègne by train, with return tickets costing €19. The Glade of the Armistice is 6.6km east of the railway station.

Staying there

On a handsome, tree-lined street near the Chateau’s park, La Parenthèse du Rond Royal (laparenthesedurondroyal.com) offers spacious b&b accommodation with thoughtful design touches. Lots of natural woods, old fashioned travelling trunks as decoration and multi-nozzle showers are part of the look, while there are free bikes for those who want to cycle to the glade. Prices start at €120 a night.

More information: musee-armistice-14-18.fr ; compiegne-tourisme.fr; uk.france.fr

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

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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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

Afcon 2019

SEMI-FINALS

Senegal v Tunisia, 8pm

Algeria v Nigeria, 11pm

Matches are live on BeIN Sports

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

The biog

Most memorable achievement: Leading my first city-wide charity campaign in Toronto holds a special place in my heart. It was for Amnesty International’s Stop Violence Against Women program and showed me the power of how communities can come together in the smallest ways to have such wide impact.

Favourite film: Childhood favourite would be Disney’s Jungle Book and classic favourite Gone With The Wind.

Favourite book: To Kill A Mockingbird for a timeless story on justice and courage and Harry Potters for my love of all things magical.

Favourite quote: “We make a living by what we get, but we make a life by what we give.” — Winston Churchill

Favourite food: Dim sum

Favourite place to travel to: Anywhere with natural beauty, wildlife and awe-inspiring sunsets.