Barcelona’s Luis Suarez, centre, and Lionel Messi, left, hope to break their side's recent scoring void when they meet Manchester City on Tuesday. Manu Fernandez / AP Photo
Barcelona’s Luis Suarez, centre, and Lionel Messi, left, hope to break their side's recent scoring void when they meet Manchester City on Tuesday. Manu Fernandez / AP Photo

Misfiring Barca baffled by Manuel Pellegrini comments ahead of Champions League meeting



BARCELONA // As Manuel Pellegrini’s managerial stock has gradually risen, so his record in matches against Barcelona has worsened.

The Manchester City manager led a Villarreal side to a second-place league finish, ahead of Barcelona, in 2008. His is the last non-Madrid side to finish higher than Barcelona in the Spanish table.

At Villarreal, the Chilean was regularly cited as the most impressive rival manager. His team entertained and got results against Frank Rijkaard’s Barca side, enjoying a record of four wins and three draws in 12 matches, but the victories dried up when Pep Guardiola took charge in 2008.

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In his 14 games against Barca since, as manager of Real Madrid, Malaga and City, Pellegrini has two wins and 12 losses. When the teams were drawn together last season in the last 16 of the Uefa Champions League, Barcelona fans believed that their side were the underdogs.

That stopped after a first leg in Manchester when City were outclassed 2-0 and still looked every bit inexperienced debutants in the last 16. Barcelona triumphed then 4-1 on aggregate and now are in the last 16 for the 11th year in succession.

Pellegrini was criticised in the Catalan press last week for being curt in his answers when journalists showed up in Manchester expecting him to speak about the Barca game. Not unreasonably, he said he would do that only after City’s game against Newcastle United. He did, however, give an in-depth interview to the Madrid-based Marca, further fuelling Catalan irritation.

It is a compliment to City that Barcelona see them as a threat. While Barca praised their new training ground and 7,000-seat reserve stadium, the Etihad has several former senior Barcelona officials in senior positions, from the chief executive to the sporting director.

It also is the club most commonly linked with Lionel Messi when he annually agitates for an improved contract. Former Barca player Yaya Toure has been a bigger influence in Manchester than he was at Camp Nou, while Pablo Zabaleta, Sergio Aguero, David Silva, Jesus Navas, Willy Caballero and Martin Demichelis all played in Spain. Zabaleta and Aguero visited Barcelona last weekend to see Messi.

Catalans are also baffled by Pellegrini’s January statement that he considers the Premier League more important than the Champions League. City sell out their 48,000-capacity home (soon to be 54,000) for almost every Premier League game, but several high-profile European games have seen empty seats.

The Barcelona game did sell out, and 2,500 fans will travel from Catalonia, fans less optimistic than they were before Saturday’s 1-0 home defeat against Pellegrini’s former team, Malaga. That ended an 11-match winning run in which Messi and Luis Suarez were hitting top form.

It also is the first season since 2003/04 that Barca have failed to score in five league games by this stage of the season, but the form of Luis Enrique’s side in Europe is excellent. They won a tough group ahead of Paris Saint-Germain, Ajax and Apoel and remain favourites to win the two games against City, the second at Camp Nou on March 18.

Nonetheless, they will not underestimate the formidable English champions.

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

Rating: 4/5

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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.”

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About Proto21

Date started: May 2018
Founder: Pir Arkam
Based: Dubai
Sector: Additive manufacturing (aka, 3D printing)
Staff: 18
Funding: Invested, supported and partnered by Joseph Group

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SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

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The specs

Engine: 3.9-litre twin-turbo V8

Transmission: seven-speed

Power: 720hp

Torque: 770Nm

Price: Dh1,100,000

On sale: now

Major matches on Manic Monday

Andy Murray (GBR) v Benoit Paire (FRA)

Grigor Dimitrov (BGR) v Roger Federer (SUI)

Rafael Nadal (ESP) v Gilles Muller (LUX)

Adrian Mannarino (FRA) Novak Djokovic (SRB)

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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