Barcelona coach Gerardo Martino gestures during his Spanish Primera Liga match against Real Sociedad played at Anoeta stadium, in San Sebastian, northern Spain, on February 22, 2014. EPA/JUAN HERRERO
Barcelona coach Gerardo Martino gestures during his Spanish Primera Liga match against Real Sociedad played at Anoeta stadium, in San Sebastian, northern Spain, on February 22, 2014. EPA/JUAN HERRERO

Barcelona manager Martino takes responsibility in Sociedad loss



Barcelona coach Gerardo Martino took responsibility for a failed tactical experiment as his side suffered a 3-1 defeat away to Real Sociedad to fall three points behind Real Madrid at the top of Primera Liga.

Martino started with former Arsenal midfielder Alex Song in an unfamiliar role in a back three alongside Gerard Pique and Marc Bartra.

Song endured a torrid time as his own-goal put Sociedad in front before two goals in five minutes just before the hour mark from Antoine Griezmann and David Zurutuza rendered Lionel Messi’s equaliser meaningless.

“Losing and ceding ground in the league always hurts, but we will have another chance next weekend and we will continue to fight until the end,” said Martino.

“The opponent played very well, they were better than us. The lesson we learned was that our response didn’t match up to what was expected of us today.

“The idea was, thinking a bit about (Carlos) Vela and Griezmann as two forwards, to play with three at the back with Busquets in front and the two full-backs pushing forward.

“In the end it was the positioning of (Sergio) Canales that caused us problems because they ended up in a diamond and he was running off the back of Busquets.”

Despite a morale boosting 2-0 win over Manchester City in first leg of their Uefa Champions League last-16 tie on Tuesday, Martino made six changes to the side which started at the Etihad.

Neymar came into the side for his first start in a month and Martino admitted that also dropping Cesc Fabregas and Xavi to accomodate the Brazilian proved mistaken.

“We did as we have always done in rotating the squad so that all the players feel involved.

“Obviously results depend on whether the rotations are seen as a good and healthy thing or not.

“We felt like we needed to look for more penetration. That is why we played an extra forward, I probably read what we needed for this game wrongly.”

Martino’s poor evening was rounded off by the fact he had to watch the second period from the stands as he was sent-off at half-time.

However, the Argentine refused to comment on what exactly caused him to be banished from the technical area.

“Respecting my sending off, there is nothing to say. The referee took the decision he did and that is all.”

Defender Gerard Pique also recognised that the lack of Xavi and Fabregas meant Barca sacrificed their usual grip on possession.

“We didn’t feel comfortable and we didn’t have possession, which is our strength. That allowed then to create chances,” he said.

“Now we have a week to rest and reflect on why things didn’t go well. It is not worrying, we just have to continue onto the next game.”

Real Madrid now lead Barcelona after both sides have played the same number of games for the first time this season as they beat Elche 3-0 at the Santiago Bernabeu earlier on Saturday.

Barca could even end the weekend in third place should Atletico Madrid avoid defeat away to Osasuna on Sunday.

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FIGHT INFO

Men’s 60kg Round 1:

Ahmad Shuja Jamal (AFG) beat Krisada Takhiankliang (THA) - points 
Hyan Aljmyah (SYR) beat Akram Alyminee (YEM) - retired Round 1
Ibrahim Bilal (UAE) beat Bhanu Pratap Pandit (IND) - TKO Round 1

Men’s 71kg Round 1:
Seyed Kaveh Soleyman (IRI) beat Abedel Rahman (JOR) - RSC round 3.
Amine Al Moatassime (UAE) walk over Ritiz Puri (NEP)

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Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

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Afghanistan squad

Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.

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UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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.”

Our legal consultants

Name: Hassan Mohsen Elhais

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

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

What to watch out for:

Algae, waste coffee grounds and orange peels will be used in the pavilion's walls and gangways

The hulls of three ships will be used for the roof

The hulls will painted to make the largest Italian tricolour in the country’s history

Several pillars more than 20 metres high will support the structure

Roughly 15 tonnes of steel will be used

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)

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