Valencia's Juan Manuel Mata, centre, is tackled by Mallorca's Ivan Ramis, right, at the Mestalla.
Valencia's Juan Manuel Mata, centre, is tackled by Mallorca's Ivan Ramis, right, at the Mestalla.

Manzano is working a treat



The 18 teams involved in this weekend's Primera Liga matches either hope to close the gap on Barcelona, who have played a game more, or pull away from bottom of the table Xerez. Barca and Xerez played ahead of schedule two weeks ago as Barca had prior commitments in Abu Dhabi. The Catalans' victory contributed to the small but significant psychological advantage of a five-point lead over their nearest challengers Real Madrid.

Manuel Pellegrini's side aimed to reduce that to two points during Saturday's late home game against a troubled Zaragoza side, who dismissed their coach last week and are facing calls from disillusioned fans for their entire board of directors to stand down. Real Mallorca have been one of the surprise teams so far this season. The Islanders have risen to fifth place, largely on the back of a 100 per cent home record in their seven games at Son Moix this term. The 23,000 capacity stadium, built for the World Student games in 2000, is unpopular rather than intimidating. Open on three of the four sides, a running track distances fans from the pitch, dissipating the atmosphere. Despite their good form, attendances have been disappointing, rising from just 10,000 on the opening day to a season high of 12,800 - by far the lowest average in the league.

Critics point out that their seven home wins have all been against weaker sides, with Xerez, Tenerife, Valladolid, Getafe, Racing Santander, Almeria and Zaragoza all being defeated in Palma. Yet the confidence garnered from those victories appears to have spread to their travels. While their three defeats so far have all been away at Barca, Sevilla and Sporting, Mallorca recorded their first away win of the season last week at Osasuna. Not only that, Chori Castro's goal which earned the win was Spain's goal of the week.

Mallorca are devoid of any big names, but coach Gregorio Manzano is back for a second spell at the club he managed with great success in 2002-03 when they beat Real Madrid 5-1 in the Bernabeu and won the Copa del Rey. Manzano was then tempted away to Atletico Madrid, but after stints at other clubs, ended up back at Mallorca, where he has fashioned a fit side who have scored more goals in the last five minutes than any other team. If games were judged on what happened in the second half, Mallorca would be second in the table behind Barcelona. If they were judged solely on the first they would be 15th.

Manzano does not have a striker at Mallorca like Samuel Eto'o as he did last time round, but his biggest asset is the Basque forward and seven-goal top scorer Aritz Aduriz. Mallorca play away again today at a Malaga side marooned in 19th place, having won just one game all season - and that was on the opening day in August. Manzano's last job before he took the Mallorca post in 2006 was at Malaga and one of his most important players this season has been the Malaga-born Josemi.

"I know my old team despera-tely need the three points, but we expect to win in Malaga and if we don't then we won't be very happy over the two-week break," said the 30-year-old defender, once of Liverpool. Mallorca have 27 points so far and a win would see them establish a club record for this stage of the season. Manzano has been at the club for almost four years, an astounding feat considering the relatively brief longevity of coaches in Spain and the boardroom turbulence at Mallorca. A new owner took over the club last month and signalled his intention for stability and progression, a positive outlook after last year when the British businessman Paul Davidson was involved in a botched takeover which never happened.

Malaga will not be relishing the return of Manzano or Josemi and will hope their form and luck will both turn. amitten@thenational.ae Malaga v Mallorca, KO 8pm, Aljazeera Sport + 4

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Company%20Profile
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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.

Company%20Profile
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World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88

Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Company%20profile
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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
COMPANY PROFILE

Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed 

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
COMPANY%20PROFILE%20
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THE SPECS

Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

Price: Dh633,435

On sale: now

The specs

Engine: 1.5-litre 4-cylinder petrol

Power: 154bhp

Torque: 250Nm

Transmission: 7-speed automatic with 8-speed sports option 

Price: From Dh79,600

On sale: Now

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

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.”

While you're here
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