Arsenal's Thomas Vermaelen, centre, heads home the opener at the Emirates Stadium.
Arsenal's Thomas Vermaelen, centre, heads home the opener at the Emirates Stadium.

Vermaelen is the star of the show



LONDON // Having described life at Arsenal as a circus since he joined in the summer, Thomas Vermaelen is certainly having fun. The Belgian defender inspired them to an easy victory with two contrasting yet clinical goals. The first was simple, rising high to power in a header from Robin van Persie's corner. But his second oozed style, marching forward, releasing Emmanuel Eboue before collecting the return pass and curling a left-foot shot over Chris Kirkland.

Eboue added a third, deflecting in Eduardo's low drive. To round things off, Cesc Fabregas finished off a right-wing cross from Nicklas Bendtner for his first goal since the 6-1 hammering of Everton on the opening day. After successive defeats in Manchester to both championship rivals United and City, Arsenal needed to get back to winning ways in the league. That was never in doubt once his opener came in the 25th minute after their early domination. It calmed some nerves as Arsenal had created and wasted a conveyor belt of chances. Despite their four goals, there is no doubt they still lack a cutting edge up front.

But it would not have been an injustice had they scored 10 yesterday and Van Persie will wonder how he was not among the scorers. He was difficult to handle, but perhaps he ought to be more incisive than intricate, punishing than pretty. William Gallas, resolute at the back and rampaging in attack, had a header cleared off the line by Titus Bramble as Wigan tried to keep them at bay. But the pressure had to tell and the floodgates opened after the break. Vermaelen's 49th minute effort made it three in two games for him after scoring in the Champions League comeback win at Standard Liege.

Ten minutes later, Eduardo, who got the crucial winner in Belgium, thought he had joined the defender at the top of the Arsenal scoring charts with four this season. After initially hitting the post, the Croatian striker picked up the loose ball and fired past Kirkland, who endured a forgettable 100th league appearance for Wigan. But it touched Eboue en route and he will be claiming it. Roberto Martinez had wanted his Wigan side - who have never beaten Arsenal in their eight attempts - to be brave. That they were, but not bold enough as they were continually penned back in their own half.

Alex Song summed that up with a mazy run unchallenged, but his effort struck the outside of the post. Charles N'Zogbia threatened with his pace as Arsenal's defence, having conceded eight in three games, looked hesitant again. But Vito Mannone - again deputising in goal for the injured Manuel Almunia - was alert and rarely troubled, pushing out a close-range header from Emmerson Boyce that flew straight at him. When Wigan did find the net, through the substitute Paul Scharner after Jason Scotland's shot had been parried by Mannone, it was ruled out for offside.

It was amazing to think these two sides started on the same number of points at the start of this match. Like a gulf in class yesterday, there is likely to be a gulf in points at the end of the campaign. Even though he was struggling with injury, Fabregas added the finishing touch by netting from four yards before Kirkland beat out Tomas Rosicky's drive in injury time. Wigan were spared by the whistle. Had it been a boxing match, this would have been over well before the end.

Martinez conceded that the Gunners did not let his side play: "We made it too easy for Arsenal. We we allowed them to dictate things. Overall the biggest point is that we couldn't be ourselves." The American Hollywood filmmaker Spike Lee, meanwhile, who is an Arsenal fan, will have left the stadium impressed with the London side's show. @Email:akhan@thenational.ae

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UAE currency: the story behind the money in your pockets
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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.”

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950