Lionel Messi, left, scored twice and Neymar once as Barcelona beat Levante at Camp Nou on Sunday night. Lluis Gene / AFP
Lionel Messi, left, scored twice and Neymar once as Barcelona beat Levante at Camp Nou on Sunday night. Lluis Gene / AFP

Fantastic four keeps Lionel Messi’s Barcelona on top of Primera Liga



BARCELONA // Primera Liga leaders Barcelona retained their 100 per cent league record after beating Levante 4-1 at Camp Nou on Sunday. All five goals came in the second half, though Lionel Messi missed out on a hat-trick by missing one of two penalties.

Home fans held up a ‘We’re with Pique’ flag before kick-off to show support to their defender who was criticised across Spain for perceived anti-Spanish and anti-Madrid comments. He will find agreement for such notions in Camp Nou, especially if he continues to say that he hopes Real Madrid lose every game.

Pique has been suspended for Barca’s league games so far, but he will return for the midweek match at Celta Vigo. With that in mind, coach Luis Enrique rested Luis Suarez, who had played every minute of every competitive game so far.

Enrique also rested Andres Iniesta, who has played the second-most minutes. The changes meant rare starts for striker Munir El Haddadi and midfielder Sandro, but they were not limited to personnel. With an unusual formation, the home side started with three defenders and four forwards.

Enrique had spoken of Levante getting as many players behind the ball as possible, but his shift in tactics did not work in a disjointed first half when Barca were profligate in possession and missed the intelligence of Suarez. The breakthrough came after 50 minutes, when Messi looped a cross into the box for defender Marc Bartra to control and side foot home.

The hosts made it 2-0 five minutes later, Neymar striking a Daniel Alves cross through three defenders after goalkeeper Ruben Martinez had pushed it into his path. Like Bartra, the Brazilian held up Rafinha’s shirt in support of the midfielder who is expected to miss the majority of this season after rupturing his cruciate ligament against Roma in midweek.

The Catalans continued a goal every five minutes in the second half when Lionel Messi scored a 60th-minute penalty.

The ball was in the net five minutes later, but for Levante. It came when goalkeeper Marc-Andre ter Stegen, starting in the absence of Claudio Bravo, failed to clear a cross which substitute Victor knocked into the German’s net. Ter Stegen has been criticised this season for errors, though he retains the confidence of his coach.

Barca received another penalty with 15 minutes to play when Messi was pulled down in the area. The captain cursed himself after he hit the spot kick over the bar. By that time, youth graduate Gerard Gumbau had replaced Busquets for his debut.

Barca’s fourth came in the 90th minute when Bartra won the ball in the right-back position before hitting a 25-yard pass to Messi. The Argentine dribbled past three defenders and hit a left-footed shot into the right-hand corner.

Elsewhere, Sporting Gijon picked up their first win of the season by seeing off local rivals Deportivo La Coruna 3-2.

Antonio Sanabria scored twice in the opening eight minutes to get the visitors off to a good start, but Deportivo fought their way back through goals by Juanfran and Luis Alberto, only for Alex Menendez to restore Sporting’s lead 11 minutes before the break.

Sevilla’s miserable start to the season continued as they were beaten 2-1 at home by high-flying Celta Vigo.

Nolito and Daniel Wass gave the visitors a two-goal cushion at half time, while Fernando Llorente scored a consolation goal early in the second half.

Villarreal beat Athletic Bilbao 3-1, and Rayo Vallecano won 1-0 at Las Palmas.

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Racecard
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COMPANY PROFILE
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 
Kill%20
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A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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
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
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RESULTS
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The%20specs
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Profile

Company name: Marefa Digital

Based: Dubai Multi Commodities Centre

Number of employees: seven

Sector: e-learning

Funding stage: Pre-seed funding of Dh1.5m in 2017 and an initial seed round of Dh2m in 2019

Investors: Friends and family 

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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 specs

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

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