It was the standout performance of the Premier League season so far and the best Chelsea have mustered since a 6-0 thrashing of Arsenal in March 2014.
Everton were barely even second best during their chastening trip to Stamford Bridge before the recent international break, with Antonio Conte’s men in imperious form as they ran out 5-0 winners in front of their own supporters.
Eden Hazard, 25, was the Chelsea forward who attracted the majority of the plaudits after another magnificent performance against Ronald Koeman’s charges.
The freedom afforded to the Belgium international in Conte’s 3-4-2-1 formation – Hazard starts on the left flank but has the licence to drift all over the final third – has brought out the best in a player who has often struggled to fulfil his defensive duties in the past, with a return of six goals in his last six outings evidence of his productivity at present.
Hazard is not the only Chelsea attacker who has demonstrated a vast improvement following a below-par 2015/16, however.
Numerous Manchester United supporters were left disappointed when their side failed to secure the signature of Pedro last summer, when the Spanish winger opted to join Chelsea from Barcelona instead.
By the end of the season, though, those same fans could be forgiven for expressing relief that the five-time Primera Liga champion had ended up elsewhere, particularly as United would probably not have acquired Anthony Martial had Louis van Gaal landed his first-choice target.
Pedro’s debut season in English football was, all in all, rather underwhelming. Joining a Chelsea outfit on the verge of an astonishing implosion patently did not help matters, but it was not unreasonable to have expected a little more from a player who cost the club £19 million (Dh86.6m).
The Barcelona academy product actually got his Chelsea career off to a brilliant start, starring in a 3-2 defeat of West Bromwich Albion at The Hawthorns – his first appearance for his second senior side.
Such positive early form could not be sustained, though, and Pedro contributed just four Premier League goals and two assists between August and April.
Pedro, 29, did make a bigger impact in the final few weeks of the season and had already shown signs of improvement from around February onwards, but it was not at all surprising that he began the current campaign as backup to Hazard and Willian.
After starting on the substitutes’ bench in six of Chelsea’s first seven league encounters, he made the most of the opportunity he was afforded when the Brazilian was granted compassionate leave following the death of his mother in October.
A fine display in the 3-0 victory over Leicester City was followed by an even better one in the 4-0 destruction of Manchester United.
His superb showing against Everton was the high point, not only of this term but of Pedro’s time at Chelsea as a whole. He was a constant threat on the right-hand side of a front three which cut the visitors to Stamford Bridge to shreds with their incisive interplay.
Willian, the club’s player of the year in 2015/16, cannot get back into the team as a result.
“The new formation is very good for the team, it’s a great system for us,” Pedro said after the game.
“The manager has been important, he’s very good, a strong guy with character and good ideas. He’s very good for the team.”
After a disappointing debut year, the same can now be said about Pedro.
Our Premier League weekend coverage:
Podcast: Arsene Wenger can end Jose Mourinho hoodoo
Predictions: Arsenal punish United, clean sheet win for Chelsea
Defoe continues to be crucial to Sunderland hopes
It did not take long for Frank Lampard and Steven Gerrard to be linked with returns to the Premier League after both players confirmed they were leaving MLS this week.
It remains unlikely that either midfielder will be handed another playing contract in England, with Lampard and Gerrard’s moves to the United States in 2015 widely seen as the end of their careers in top-level European football.
The same presumption was made when another former England international, Jermain Defoe, 34, swapped Tottenham Hotspur for Toronto two years ago.
The striker, then 31, may have been significantly younger than both Lampard (37) and Gerrard (35) when he made his debut on the other side of the Atlantic, but it was still logical to conclude that Defoe’s time in the Premier League was over in February 2014.
The former West Ham United and Portsmouth marksman was back in the division just 10 months later, however, as Sunderland handed him a three-and-a-half-year deal worth £70,000 a week.
Offering such terms to an ageing player who had started only three Premier League matches in the previous 20 months was a major risk and a move which seemed to sum up the perennial strugglers’ short-term thinking and haphazard approach to transfer dealings, but Defoe has proved the doubters wrong since arriving at the Stadium of Light.
While his first 17 appearances in the second half of 2014/15 yielded only four goals, Defoe played a valuable role on the right flank as Dick Advocaat led Sunderland to safety.
Being deployed through the middle by Sam Allardyce the following campaign brought 15 strikes in 33 games and a similar dramatic escape from the drop zone.
Another battle against relegation is looming large this term, with David Moyes’ charges currently second-bottom in the standings.
Only Diego Costa, Sergio Aguero, Eden Hazard and Romelu Lukaku have found the back of the net more often than Defoe, though, with the forward as important to Sunderland as ever.
From Richard Jolly:
Guardiola fears City may not be able to stop Benteke
Swansea ready for Ashley Williams reminder
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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
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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A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Washmen Profile
Date Started: May 2015
Founders: Rami Shaar and Jad Halaoui
Based: Dubai, UAE
Sector: Laundry
Employees: 170
Funding: about $8m
Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures
Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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
UAE finals day
Friday, April 13
Rugby Park, Dubai Sports City
3pm, UAE Conference: Dubai Tigers v Sharjah Wanderers
6.30pm, UAE Premiership: Dubai Exiles v Abu Dhabi Harlequins
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE