Real Madrid coach Carlo Ancelotti, left, says forward Cristiano Ronaldo will sit out their Group B match against Galatasaray in the Uefa Champions League on Wednesday night. Giuseppe Cacace / AFP
Real Madrid coach Carlo Ancelotti, left, says forward Cristiano Ronaldo will sit out their Group B match against Galatasaray in the Uefa Champions League on Wednesday night. Giuseppe Cacace / AFP

No Ronaldo for Galatasaray match says Ancelotti



Carlo Ancelotti has confirmed Cristiano Ronaldo will not play any part in Real Madrid's Uefa Champions League clash with Galatasaray on Wednesday night.

The former Manchester United forward picked up a strain in his left thigh during Madrid’s 5-0 win at Almeria on Saturday, forcing him to be substituted in the 54th minute.

Ancelotti, the Madrid coach reiterated that the injury was nothing to be worried about and was hopeful he would only miss the match with Roberto Mancini’s side and could be back in time to face Real Valladolid at the weekend.

“Cristiano can’t play tomorrow, he’s had a very small problem but tomorrow we’re going to rest him and we’re going to see if he can be available for Saturday,” Ancelotti told a press conference.

Ronaldo has scored 14 goals in his last seven matches for club and country and Madrid fans inside the Bernabeu will pay tribute to the forward by wearing 45,000 masks of his face to show their support for his bid to win the Fifa Ballon d’Or.

The coach also confirmed he would not change Gareth Bale’s position on the right of Madrid’s attack in Ronaldo’s absence.

“Bale plays on the right to take advantage of his shooting ability, I prefer my players to play on a different side to their stronger foot,” he said.

Ronaldo, Sami Khedira, Raphael Varane and Fabio Coentrao have all been ruled out through injury, while Luka Modric is suspended after picking three yellow cards in the first four Champions League games.

Madrid romped to a 6-1 win over Galatasaray when the two teams met in September in Turkey but Ancelotti believes the Turkish champions are a stronger side under Mancini, who succeeded Fatih Terim as coach a week after that match.

“It will be a different game to the one in Istanbul, Galatasaray have changed a lot since Mancini arrived,” said Ancelotti.

“Now they have more balance and have quality in attack, with players like Didier Drogba. We expect a very difficult game because they are playing for qualification.”

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Bawaal%20
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

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Toss: Sindhis, elected to field first

Pakhtoons 137-6 (10 ov)

Fletcher 68 not out; Cutting 2-14

Sindhis 129-8 (10 ov)

Perera 47; Sohail 2-18

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

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Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

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Stay indoors when conditions are particularly poor.

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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.”

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

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Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

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Director:Michael Lehmann

Stars:Kristen Bell

Rating: 1/5

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