Chelsea's English defender Gary Cahill, right, vies with Manchester City's Belgian midfielder Kevin De Bruyne during the English Premier League football at the Etihad Stadium in Manchester, north west England, on December 3, 2016. Paul Ellis / AFP
Chelsea's English defender Gary Cahill, right, vies with Manchester City's Belgian midfielder Kevin De Bruyne during the English Premier League football at the Etihad Stadium in Manchester, north westShow more

Premier League talking points: Luck is on Chelsea’s side but has deserted Leicester



Title-winning seasons are built on many factors. Luck and timing are two of them and leaders Chelsea are getting along nicely with both at the moment.

Consider this: Had Kevin de Bruyne not produced the miss of the season from six yards when Manchester City were 1-0 ahead at the Etihad Stadium on Saturday, then Pep Guardiola’s side probably would have won. Instead, it stayed 1-0 and Chelsea produced a remarkable comeback to win 3-1 and go top of the Premier League.

A touch of luck there. In another scenario, Chelsea would be third on goal difference behind Arsenal instead of three points clear at the top.

Chelsea beating City is seen s a signature win for Antonio Conte in the title race, but it is hard to think the Italian’s plan was to let the opposition control the game for an hour. What Chelsea did show in that period though was character and spirt. They outplayed City for the final third of the game and that is what mattered.

See also:

• Premier League team of the week: Duos from Chelsea, Arsenal and surprising Bournemouth

• Richard Jolly: Conte bests Guardiola, and Chelsea keep their heads as Manchester City lose theirs

Now they have good timing, too. On Saturday, Chelsea host seventh-placed West Bromwich Albion and then do not play another team in the top eight until January 4 when they travel to Tottenham Hotspur. Chelsea have a chance to put some daylight between themselves and their rivals; in that same period, City and Arsenal face each other.

Conte can rotate his squad over the busy Christmas period with minimal risk. There is no European campaign to worry about, no League Cup fixtures in the way and no major injuries to contend with – unless you still count John Terry as a first-choice defender.

The cards are all falling just right for Chelsea at the moment. They look like title favourites, but then so did City after the first seven games of the season.

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Leicester’s luck has dried up

Speaking of champions, the difference between 2015/16 Leicester City and the 16/17 version is stark, but is it predictable?

The defence is built round two journeymen centre-backs – Robert Huth and Wes Morgan – who had career seasons in Leicester’s title-winning campaign. But both have regressed this term and are making mistakes.

The midfield was over reliant on the indefatigable N’Golo Kante which allowed them to play two centre-forwards as the Frenchman did the work of two players in midfield. Kante is gone and Leicester are being consistently exposed as manager Claudio Ranieri has not changed his tactics.

The attack is based around Jamie Vardy who also had a season he is unlikely to repeat. The scorer of goals in a record 11 straight games last season has not found the net in 15 this term, suggesting he is not quite as good as people thought he was. When your game is based on pace, there is always likely to be some regression when your are not getting as much service.

You add to that a failure to properly replace Kante or add the competition for places that a top squad needs and it is hardly surprising that things are going wrong. In fact you would find fewer people who expected Leicester to finish in the top four this season than expected them to finish in the bottom half.

Maybe Leicester were lucky to win the title last season. Lucky that so many elements fell into place at the right time while their rivals dithered. But nothing is going right for them this time around and they now need to keep an eye on the bottom three.

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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

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.”

How Beautiful this world is!
German intelligence warnings
  • 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
  • 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
  • 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250 

Source: Federal Office for the Protection of the Constitution

Countdown to Zero exhibition will show how disease can be beaten

Countdown to Zero: Defeating Disease, an international multimedia exhibition created by the American Museum of National History in collaboration with The Carter Center, will open in Abu Dhabi a  month before Reaching the Last Mile.

Opening on October 15 and running until November 15, the free exhibition opens at The Galleria mall on Al Maryah Island, and has already been seen at the Jimmy Carter Presidential Library and Museum in Atlanta, the American Museum of Natural History in New York, and the London School of Hygiene and Tropical Medicine.

 

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

At Eternity’s Gate

Director: Julian Schnabel

Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen

Three stars

COMPANY%20PROFILE
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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
Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

Grand Slam Los Angeles results

Men:
56kg – Jorge Nakamura
62kg – Joao Gabriel de Sousa
69kg – Gianni Grippo
77kg – Caio Soares
85kg – Manuel Ribamar
94kg – Gustavo Batista
110kg – Erberth Santos

Women:
49kg – Mayssa Bastos
55kg – Nathalie Ribeiro
62kg – Gabrielle McComb
70kg – Thamara Silva
90kg – Gabrieli Pessanha