Croatia's Alen Halilovic shown in action against Israel in a friendly on Wednesday night. Antonio Bronic / Reuters / March 23, 2016
Croatia's Alen Halilovic shown in action against Israel in a friendly on Wednesday night. Antonio Bronic / Reuters / March 23, 2016

Euro 2016: Barcelona teen Alen Halilovic gets run in Croatia win; Poland top Serbia



Barcelona teen Alen Halilovic got around 40 minutes of run in with Croatia on Wednesday night as his team notched a 2-0 friendly win over Israel.

Croatia, slotted into a difficult Group D with Spain, Czech Republic and Turkey for Euro 2016, made it four wins in a row since Ante Cacic took over as manager by easing to the win in Osijek.

The hosts forged ahead in only the fourth minute when Inter Milan midfielder Ivan Perisic showed excellent technique to lash in a volley from club teammate Marcelo Brozovic's cross.

Brozovic, 23, turned goalscorer half an hour later, tapping home from close range after Mario Mandzukic’s shot had bounced off the post.

That was a fourth international goal for the winger, who is on loan at Inter from Dinamo Zagreb, and he looks set to play a key part for Croatia at this summer’s Euros.

With the result all but decided by half-time, former Lokomotiv Zagreb coach Cacic took the opportunity to give six of his substitutes a run-out, including Halilovic, who has impressed on loan at Sporting Gijon this season to stake a late claim for selection.

For 19-year-old midfielder Halilovic, who starred at the 2013 Under 17 World Cup in Abu Dhabi, it was his eighth international cap.

He said earlier this week to Goal.com that he believes he is growing into his mega potential.

“I am much better player now than I was after leaving Dinamo, no doubt,” he told Goal. “This season I’ve played ... in the best league in the world, which is not easy for such young player like me. It means a lot to me, I’ve improved in running and tactics.

“I am very happy with my season, I’ve only missed one match, which was due to suspension, the coach trusts me, I have worked hard during every training session.

“And now I am back in Croatia team, so I have to continue this way.”

He came on for Fiorentina's Milan Badelj at 51 minutes and played alongside Perisic, Brozovic and Real Madrid star Luka Modric until the latter was subbed off at 68 minutes.

Meanwhile Jakub Blaszczykowski grabbed the only goal as Poland displayed their Euro 2016 credentials with a 1-0 friendly win over Serbia.

The Poles beat world champions Germany during an impressive qualifying campaign to help book their ticket to France, and they came through a tough test against a strong Serbia outfit in Poznan.

The visitors started well enough and looked solid with the likes of Branislav Ivanovic and Aleksandar Kolarov at the back, but their failure to clear a low cross in the 28th minute gifted Poland the breakthrough.

The ball dropped perfectly for Blaszczykowski, who cut across his right-footed volley to send the ball spinning into the corner past Serbia goalkeeper Vladimir Stojkovic.

Blaszczykowski has struggled to break into the Fiorentina starting team since joining on loan from Borussia Dortmund last summer, and a first goal for club or country since January could do wonders for his confidence.

Bayern Munich striker Robert Lewandowski, who top scored in Euro 2016 qualifying with 13 goals in 10 games, failed to hit the net for the first time in seven internationals and was withdrawn in the second half for Lukasz Teodorczyk.

Poland will again face Germany in the Euro 2016 group stages on June 16 at the Stade de France in Paris, while they will also take on neighbours Ukraine and Northern Ireland in Group C.

Romania, who will take on hosts France in the group stages, scraped past Lithuania 1-0 in Giurgiu.

The Romanians, who finished top of their qualifying group, are now unbeaten in 16 matches.

Steaua Bucharest midfielder Nicolae Stanciu came off the bench at half-time to make his international debut, before drilling in from long range with 25 minutes left to light up an otherwise drab match and send a message to coach Anghel Iordanescu.

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LEAGUE CUP QUARTER-FINAL DRAW

Stoke City v Tottenham

Brentford v Newcastle United

Arsenal v Manchester City

Everton v Manchester United

All ties are to be played the week commencing December 21.

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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.”

Results

Light Flyweight (49kg): Mirzakhmedov Nodirjon (UZB) beat Daniyal Sabit (KAZ) by points 5-0.

Flyweight (52kg): Zoirov Shakhobidin (UZB) beat Amit Panghol (IND) 3-2.

Bantamweight (56kg): Kharkhuu Enkh-Amar (MGL) beat Mirazizbek Mirzahalilov (UZB) 3-2.

Lightweight (60kg): Erdenebat Tsendbaatar (MGL) beat Daniyal Shahbakhsh (IRI) 5-0.

Light Welterweight (64kg): Baatarsukh Chinzorig (MGL) beat Shiva Thapa (IND) 3-2.

Welterweight (69kg): Bobo-Usmon Baturov (UZB) beat Ablaikhan Zhussupov (KAZ) RSC round-1.

Middleweight (75kg): Jafarov Saidjamshid (UZB) beat Abilkhan Amankul (KAZ) 4-1.

Light Heavyweight (81kg): Ruzmetov Dilshodbek (UZB) beat Meysam Gheshlaghi (IRI) 3-2.

Heavyweight (91kg): Sanjeet (IND) beat Vassiliy Levit (KAZ) 4-1.

Super Heavyweight ( 91kg): Jalolov Bakhodir (UZB) beat Kamshibek Kunkabayev (KAZ) 5-0.

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5