Borussia Dortmund have signed Manchester United winger Adnan Januzaj on loan for a season, the German club said on Monday.
The 20-year-old Belgium international was reportedly a target for several European clubs including Tottenham Hotspur, Olympique Marseille and Valencia.
“Adnan is a high quality and versatile player who complements our attack,” Dortmund sports director Michael Zorc said.
Read more transfer news:
– Fabio Borini seals Sunderland switch from Liverpool and William Vainqueur completes move to Roma
– Paul Pogba, John Stones, Man United, Chelsea and what to watch for as the summer window shuts
Januzaj made four appearances for United this season, scoring in the 1-0 win over Aston Villa this month.
“Borussia Dortmund are a big club and the fans are supposed to be great here,” Januzaj said in a statement. “I want to do big things with the club here.”
Januzaj will not have the chance to play in the Champions League because Dortmund have qualified for the Europa League after a disappointing last season.
They are, however, top of the Bundesliga table after three straight wins, ahead of champions Bayern Munich on goal difference.
Januzaj made his first-team debut for United in the 2013-14 season but has not earned a regular starting spot under coach Louis van Gaal.
His contract with United runs to 2018.
Monaco’s Anthony Martial in talks with Manchester United
Monaco forward Anthony Martial has been given permission by France coach Didier Deschamps “to travel to England to sign a contract with Manchester United”, the French Football Federation announced on Monday.
The 19-year-old striker was given an international call-up for the first time by Deschamps for the friendly games against Portugal and Serbia.
Martial, who joined Monaco in 2013 from Lyon, has slowly risen up the French international ranks having played at all youth levels.
A statement on the French Football Federation website read: “Anthony Martial requested permission from Didier Deschamps to travel to England to sign a contract with Manchester United.
“Given the exceptional circumstances, the coach has agreed to the request of the player.”
Martial is due to return to the French training base at Clairefontaine, south of Paris, on Tuesday morning, ahead of their friendlies against Serbia and Portugal.
Chelsea target Senegal defender Papy Djilobodji
The Premier League champions are bidding to solve their defensive troubles with Senegal defender Papy Djilobodji as a switch from Nantes nears completion.
Chelsea have conceded nine goals in four games in accruing four points to sit eight adrift of leaders Manchester City.
Chelsea’s pursuit of John Stones has been repelled by Everton and reports in the French media say a euros three million (£2.2million) deal for Djilobodji is near completion. It is less than 10 per cent of the sum offered for Stones.
The 27-year-old Djilobodji has one year remaining on his contract with Nantes and is flying to London for a medical, according to reports in France.
Djilobodji has reportedly been linked with Celtic and Trabzonspor in Turkey, who had a euros 2m offer rejected in the last few days.
His likely switch to Jose Mourinho’s Chelsea is unexpected.
Chelsea send Lucas Piazon to Reading on loan
Reading have signed Chelsea forward Lucas Piazon on a season-long loan.
The 21-year-old Brazilian, who has played three times for the Blues, will spend the entire 2015-16 campaign at the Royals, who fought off stern competition for his signature.
Boss Steve Clarke told the club’s official website: “Lucas is a very talented attacking player who can create chances and score goals.
“When we spoke I was impressed by both his maturity and desire to prove himself in English football after some loan moves to European leagues. I’m sure Lucas will bring something extra to our squad this season.”
Chief executive Nigel Howe added: “We are excited to welcome Lucas to Madejski Stadium. He is a player with real talent and under Steve’s management and the club’s guidance we are sure he can flourish over the next 12 months.
“We are very pleased to have completed this deal, and as I speak, one can never be certain but we remain active in the transfer market.”
Piazon has spent time on loan at Malaga, Vitesse Arnhem and Frankfurt following his arrival at Stamford Bridge from Sao Paulo in 2012.
Manchester City's Jason Denayer joins Galatasaray
Manchester City defender Jason Denayer has joined Galatasaray on a season-long loan, the Barclays Premier League club have confirmed.
It is the second successive season the 20-year-old Belgium international has spent away from the Etihad Stadium having impressed on loan at Celtic last term.
Denayer signed a new five-year contract at City in the summer but, with increased competition for places following the recent £32million signing of Nicolas Otamendi, has been allowed to gain further experience elsewhere.
Liverpool sign Nigerian teenager Taiwo Awoniyi
The Premier League club signed teenage Nigerian forward Taiwo Awoniyi on Monday and immediately sent him out on loan to German club FSV Frankfurt.Brendan Rodgers’ side have brought Awoniyi to Anfield from Imperial Academy in Nigeria after fending off reported interest from Porto and Monaco.
The 18-year-old is understood to have cost around £400,000 ($614,000, 547,371 euros) and will spend the rest of the season learning his trade on loan with Frankfurt in the German second tier.
“This is the biggest club in the world and I’m privileged to be here,” Awoniyi told Liverpool’s website.
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A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Captain Marvel
Director: Anna Boden, Ryan Fleck
Starring: Brie Larson, Samuel L Jackson, Jude Law, Ben Mendelsohn
4/5 stars
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
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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Barings Bank
Barings, one of Britain’s oldest investment banks, was
founded in 1762 and operated for 233 years before it went bust after a trading
scandal.
Barings Bank collapsed in February 1995 following colossal
losses caused by rogue trader Nick Lesson.
Leeson gambled more than $1 billion in speculative trades,
wiping out the venerable merchant bank’s cash reserves.
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
In Full Flight: A Story of Africa and Atonement
John Heminway, Knopff
Changing visa rules
For decades the UAE has granted two and three year visas to foreign workers, tied to their current employer. Now that's changing.
Last year, the UAE cabinet also approved providing 10-year visas to foreigners with investments in the UAE of at least Dh10 million, if non-real estate assets account for at least 60 per cent of the total. Investors can bring their spouses and children into the country.
It also approved five-year residency to owners of UAE real estate worth at least 5 million dirhams.
The government also said that leading academics, medical doctors, scientists, engineers and star students would be eligible for similar long-term visas, without the need for financial investments in the country.
The first batch - 20 finalists for the Mohammed bin Rashid Medal for Scientific Distinction.- were awarded in January and more are expected to follow.
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.”
