Louis Saha of Everton, left, is challenged by Bacary Sagna of Arsenal during their match at Goodison Park.
Louis Saha of Everton, left, is challenged by Bacary Sagna of Arsenal during their match at Goodison Park.

Fired up Gunners climb to second spot



LIVERPOOL // Rewind seven days and the logical assumption was that Arsenal’s title bid had reached an untimely and undignified end.

As Newcastle United became the second promoted team to win at the Emirates Stadium already this season, a familiar tale of unfulfilled potential was being told. Two wins later, Arsenal have reclaimed second place.

They have demonstrated character in abundance, to accompany the expected quality, and a topsy-turvy season is now lending itself to very different conclusions.

They are Chelsea’s closest challengers, unrecognisable from the underachievers who stumbled on their own turf.

Bacary Sagna’s first goal for 32 months was followed by Cesc Fabregas’s fifth of another fruitful campaign, one struck with force and the other with finesse.

Victory at Goodison Park, however, requires more than touch and technique, as Arsene Wenger, the Arsenal manager, acknowledged. “The most important qualities we have shown are discipline, commitment, togetherness, desire and 100 per cent focus for 90 minutes,” he said.

“I feel the performance has shown we have something that is not only quality football but spirit and fighting spirit.

“They are ingredients you need if you are to fight for the championship.”

Indeed, there is a new-found toughness to his side. They boast the division’s best away record and overcoming Everton at Goodison Park, like beating Manchester City at Eastlands, suggested Arsenal’s players have grown up.

Samir Nasri, who had a tendency to fade into the background, has a new-found power and potency. Twice he surged through the Everton defence, although Sylvain Distin and Tim Howard denied him a goal.

With his bleach-blond hairstyle, Alex Song was bound to be conspicuous, but his forceful interpretation of the defensive midfielder’s duties meant he stood out anyway.

Then there is the man who tends to be the wild card but, as at Wolverhampton Wanderers on Wednesday, proved the trump card: Lukasz Fabianski, the goalkeeper who has veered from weak link to bastion of dependability over the course of a week, was a bystander for much of the match but excellent at the end.

He tipped Jermaine Beckford’s half-volley wide, parried Steven Pienaar’s shot and stopped Louis Saha finding the top corner.

Tim Cahill’s late, and typically predatory, finish could have ensured a very different outcome but for Fabianski’s athleticism beforehand. “I can’t really say we deserved an awful lot,” David Moyes, the Everton manager, said. “I don’t think Arsenal were great on the day but I don’t think we were.”

Barring spells of Everton pressure that bookended the match, the Gunners were in control for the majority. The man with the dreadlocks broke the deadlock.

Thirty-five minutes had elapsed without a shot on target when Howard made the first save, parrying Nasri’s drive.

Goalkeepers are invariably taught to push the ball away from goal, and that was precisely what the American did.

However, Andrey Arshavin retrieved it near the byline and rolled the ball into the path of Sagna. Ferocity was allied with accuracy in his shot which flew past the helpless Howard.

The second was another of the goals Arsenal have trademarked, the climax of a move of wonderful, easy fluency. Denilson wandered forward to find Marouane Chamakh. The target man flicked a pass into the path of Fabregas and he caressed a half-volley past Howard.

Thereafter, Chamakh somehow missed from four yards, skewing a shot over the bar after Fabregas found the unmarked striker. It formed part of an eventful afternoon for the Arsenal captain as Howard Webb, the referee, was kept busy.

To Everton’s annoyance, he only brandished yellow cards to Sebastien Squillaci, for bringing down Saha, and Fabregas, for a challenge on Distin that had echoes of his rather more reckless lunge at Wolves’ Stephen Ward on Wednesday.  “There were things that maybe on another day might have gone in Everton’s favour but didn’t,” Moyes added cryptically.

Factor in the weekend setbacks for Manchester United, Manchester City and Chelsea and, over the course of a weekend, much has gone in Arsenal’s favour.

sports@thenational.ae

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
Retail gloom

Online grocer Ocado revealed retail sales fell 5.7 per cen in its first quarter as customers switched back to pre-pandemic shopping patterns.

It was a tough comparison from a year earlier, when the UK was in lockdown, but on a two-year basis its retail division, a joint venture with Marks&Spencer, rose 31.7 per cent over the quarter.

The group added that a 15 per cent drop in customer basket size offset an 11.6. per cent rise in the number of customer transactions.

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The specs

Engine: 1.5-litre turbo

Power: 181hp

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Transmission: 6-speed automatic

Starting price: Dh79,000

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The Book of Collateral Damage

Sinan Antoon

(Yale University Press)

Company%20profile
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Bournemouth 0

Manchester United 2
Smalling (28'), Lukaku (70')

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Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
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When is VAR used?

Goals

Penalty decisions

Direct red-card incidents

Mistaken identity

'Skin'

Dir: Guy Nattiv

Starring: Jamie Bell, Danielle McDonald, Bill Camp, Vera Farmiga

Rating: 3.5/5 stars

In-demand jobs and monthly salaries
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  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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.”

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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