Arsenal striker Emmanuel Adebayor holds off a challenge from Everton's Phil Jaglelka.
Arsenal striker Emmanuel Adebayor holds off a challenge from Everton's Phil Jaglelka.

Wenger's perfect gift



LONDON // Arsenal got their title hopes firmly back on track today as they recorded their 200th Premier League home victory and gave Arsene Wenger the perfect birthday present. Wenger celebrates his 59th birthday this week and he made a bold statement before the game saying his side could not afford any more defeats. With Hull winning the last game at Emirates Stadium and Arsenal having dropped eight points from their opening seven league games, you could sense the anxiety among the home supporters from the opening whistle.

The Arsenal manager must have feared the worst after Leon Osman fired Everton into a first- half lead. But his young side showed all their battling qualities to fight their way back into the game and second-half strikes from Samir Nasri, Robin van Persie and Theo Walcott ensured Arsenal returned to winning ways. Everton got off to a dream start when they opened the scoring after nine minutes. Steven Pienaar broke clear down the left and crossed in for Osman, who struck a right-foot shot past Manuel Almunia into the corner of the net.

Van Persie could have grabbed an equaliser for the home side on 16 minutes. Cesc Fabregas played a high ball over the top of the Everton defence which caught out Joleon Lescott. Van Persie reacted the quickest but saw his close-range shot superbly kept out Everton keeper Tim Howard. Everton then blew a golden chance to double their lead on 38 minutes following a major mistake by Almunia. Leighton Baines's cross caused all kinds of problems for the Arsenal keeper who rushed out of his goal and got nowhere near the ball.

Lescott rose the highest and his close-range header was cleared off the line by Gael Clichy. Wenger must have given his side an inspirational team-talk at half-time as they looked a completely different side in the second half. Nasri finally gave the home fans something to shout about when he netted the equaliser on 48 minutes. Michel Silvestre laid the ball back for the French full-back who drilled a low right-foot shot into the corner of the net. With Walcott being introduced as a substitute, Arsenal had more energy and pace in the team and could have added a second on 55 minutes. Eboue crossed for Van Persie who found himself unmarked inside the box but flashed his close-range effort over.

The game threatened to spiral out of control on the hour mark following a nasty looking challenge by Tony Hibbert on Denilson. Clichy squared up to the Everton defender which prompted a major fracas on the touchline involving a number of players and the Arsenal manager. After missing two very good chances, Van Persie finally got his name on the scoresheet when he headed the decisive second on 70 minutes. Emmanuel Adebayor fed the ball into Fabregas who saw his shot saved by Howard. The rebound fell perfectly to Van Persie and he made no mistake, heading the ball into an empty net.

Walcott sealed the victory a minute from time when Abou Diaby cut the ball back for the England winger and he struck his shot through the legs of Howard. @Email:sports@thenational.ae

The specs: Hyundai Ionic Hybrid

Price, base: Dh117,000 (estimate)

Engine: 1.6L four-cylinder, with 1.56kWh battery

Transmission: Six-speed automatic

Power: 105hp (engine), plus 43.5hp (battery)

Torque: 147Nm (engine), plus 170Nm (battery)

Fuel economy, combined: 3.4L / 100km

Four tips to secure IoT networks

Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

- Always create a different guest network for visitors

Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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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.”

Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

Scoreline

Ireland 16 (Tries: Stockdale Cons: Sexton Pens: Sexton 3)

New Zealand 9 (Pens: Barrett 2 Drop Goal: Barrett)

Arsenal's pre-season fixtures

Thursday Beat Sydney 2-0 in Sydney

Saturday v Western Sydney Wanderers in Sydney

Wednesday v Bayern Munich in Shanghai

July 22 v Chelsea in Beijing

July 29 v Benfica in London

July 30 v Sevilla in London

UNpaid bills:

Countries with largest unpaid bill for UN budget in 2019

USA – $1.055 billion

Brazil – $143 million

Argentina – $52 million

Mexico – $36 million

Iran – $27 million

Israel – $18 million

Venezuela – $17 million

Korea – $10 million

Countries with largest unpaid bill for UN peacekeeping operations in 2019

USA – $2.38 billion

Brazil – $287 million

Spain – $110 million

France – $103 million

Ukraine – $100 million