Group D: Croatia v Spain, Tuesday, 11pm (UAE time)
BORDEAUX // Croatia are the dark horses for Euro 2016. Their players' bad luck is that they look nervously over their shoulders at the dark shadow behind them.
The aggressive, disruptive behaviour of a section of their following in France has already upset their progress in the competition and puts the Bordeaux security detail on a state of alert ahead of Tuesday evening’s Group D fixture against Spain.
“They are not supporters, they are just stupid,” midfielder Ivan Rakitic said after flares thrown on to the pitch during Croatia’s last match, against the Czech Republic, in Saint-Etienne.
The miscreants were successful saboteurs, too, it appeared.
Before the crowd trouble, Rakitic's Croatia were headed for maximum points from their two games. After it, they let their lead against the Czechs slip and now find themselves needing to beat the defending champions Spain to move to the top of the table and thus achieve what will most likely be a more favourable outcome in the last-16 stage.
See also:
• Andy Mitten's Euro 2016 diary: Inside the Croatia storm with a 'sports terrorists' minority
• Gallery: Barca's Ivan Rakitic scores for Croatia but Czechs fight back as drama flares at Euro 2016
The runner-up in the group will play Italy in the next round, the winner a team from the raffle of third-place finishers to be allocated after Wednesday’s end of the group phase.
So as Rakitic pointed out: “A draw would suit both Spain and Croatia in some ways,” in that it would keep the two of them above the Czech Republic, who play Turkey on Tuesday, a point each would probably suit Spain better than Rakitic and his teammates.
It would suit Croatia better if they had a fit Luka Modric on the field, too, against Spain who bow to nobody in their admiration of Croatian strengths in that area of the field. Modric has a very small chance of having recovered sufficiently from a calf problem he sustained against the Czechs, though his tournament is by no means over.
Modric and Rakitic have each scored one of Croatia's three goals so far, the first with a stunning long range effort, the latter with a neat dink over Peter Cech, one-on-one with the advancing goalkeeper.
Rakitic has a knack of getting into those sorts of positions and a clinical eye when he does. He pops up with those sort of goals regularly for his club side, Barcelona.
When La Liga club began planning for the necessary update on what had been club football’s most sophisticated midfield two years ago, with the chief architect of their pass-and-move style, Xavi, approaching his mid 30s, they turned to Rakitic, then of Sevilla.
It was not a like-for-like replacement exactly, because Rakitic has more box-to-box mobility about him, but has proved an excellent move. He has made his berth alongside Sergio Busquets and Andres Iniesta, fixtures in Barcelona and Spain’s first XI. They are unnegotiable when Barcelona want to line up their best.
Likewise, Modric has gained in influence and importance at his Real Madrid since Xabi Alonso – another stalwart for Spain until he stood down from national duty at the same time as Xavi, after the 2014 World Cup – left Madrid.
Time was that Spanish clubs, especially Barcelona, would assume that the best sort of cerebral midfield schemers were found graduating from the Spanish academy systems. Now their leading clubs rely on two Croatians for those functions.
It is not just those two either. Spain’s Big Two have invested in the next generation of Croatians. Mateo Kovacic joined Madrid last summer at age 21, for close to £20 million (Dh107.6m) from Inter Milan. A midfielder, he may come into the national starting XI in place of Modric.
Barcelona have on their books the feathery Alen Halilovic, 20, who was also a star at the 2013 U17 World Cup played in the UAE. He matured over a season on loan at Sporting Gijon and was unlucky to miss out on the squad for this tournament.
“We have players who are at major clubs and have had good seasons with them,” Rakitic says. “Luka [Modric] says the same as me, that it is time this generation of players achieved something together.”
They just need all their followers to be singing from that same songsheet.
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Emiratisation at work
Emiratisation was introduced in the UAE more than 10 years ago
It aims to boost the number of citizens in the workforce particularly in the private sector.
Growing the number of Emiratis in the workplace will help the UAE reduce dependence on overseas workers
The Cabinet in December last year, approved a national fund for Emirati jobseekers and guaranteed citizens working in the private sector a comparable pension
President Sheikh Khalifa has described Emiratisation as “a true measure for success”.
During the UAE’s 48th National Day, Sheikh Khalifa named education, entrepreneurship, Emiratisation and space travel among cornerstones of national development
More than 80 per cent of Emiratis work in the federal or local government as per 2017 statistics
The Emiratisation programme includes the creation of 20,000 new jobs for UAE citizens
UAE citizens will be given priority in managerial positions in the government sphere
The purpose is to raise the contribution of UAE nationals in the job market and create a diverse workforce of citizens
JAPANESE GRAND PRIX INFO
Schedule (All times UAE)
First practice: Friday, 5-6.30am
Second practice: Friday, 9-10.30am
Third practice: Saturday, 7-8am
Qualifying: Saturday, 10-11am
Race: Sunday, 9am-midday
Race venue: Suzuka International Racing Course
Circuit Length: 5.807km
Number of Laps: 53
Watch live: beIN Sports HD
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
2/5
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
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.”
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
Apple product price list
iPad Pro
11" - $799 (64GB)
12.9" - $999 (64GB)
MacBook Air
$1,199
Mac Mini
$799
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
MATCH INFO
Southampton 0
Manchester City 1 (Sterling 16')
Man of the match: Kevin de Bruyne (Manchester City)
My Country: A Syrian Memoir
Kassem Eid, Bloomsbury
UAE SQUAD
UAE team
1. Chris Jones-Griffiths 2. Gio Fourie 3. Craig Nutt 4. Daniel Perry 5. Isaac Porter 6. Matt Mills 7. Hamish Anderson 8. Jaen Botes 9. Barry Dwyer 10. Luke Stevenson (captain) 11. Sean Carey 12. Andrew Powell 13. Saki Naisau 14. Thinus Steyn 15. Matt Richards
Replacements
16. Lukas Waddington 17. Murray Reason 18. Ahmed Moosa 19. Stephen Ferguson 20. Sean Stevens 21. Ed Armitage 22. Kini Natuna 23. Majid Al Balooshi
SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Stadium
August 12-16
First ODI, Rangiri Dambulla Stadium
August 20
Second ODI, Pallekele International Stadium
August 24
Third ODI, Pallekele International Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
RESULT
Bayern Munich 5 Eintrracht Frankfurt 2
Bayern: Goretzka (17'), Müller (41'), Lewandowski (46'), Davies (61'), Hinteregger (74' og)
Frankfurt: Hinteregger (52', 55')