Christiano Ronaldo celebrates after scoring one of his two goals against FC Zurich.
Christiano Ronaldo celebrates after scoring one of his two goals against FC Zurich.

Ronaldo sets Real off on home final quest



LONDON // Two goals from the world's most expensive player helped Real Madrid beat FC Zurich 5-2 to begin a Champions League journey they trust will take them across Europe and all the way back home. Cristiano Ronaldo struck the first for Real, who will host this season's final, and the £80 million (Dh484m) new boy helped them recover from a nasty bout of nerves by adding a second free kick late in the Group C opener last night.

The tussle at the Letzigrund provided the best entertainment on the return of European football's elite club competition. Manchester United, who lost to Barcelona in last season's final, squeezed a 1-0 win at Besiktas in Group B with a Paul Scholes header and Juventus were held 1-1 at home by Girondins Bordeaux in Group A. A goal from striker Nicolas Anelka, beautifully taken after his first effort was beaten away, gave Chelsea a 1-0 home win over Porto in Group D while two goals from Filippo Inzaghi kept AC Milan on Real's heels with a 2-1 win at Olympique Marseille.

Milan's game at Marseille was a repeat of the first final of the Champions League era in 1993 but this was not to be a night of classic drama - apart from in Zurich, that is. Real brought in Ronaldo from Manchester United as part of an eye-watering investment of $365.9m designed to buy them a ticket for their own end-of-season party at the Bernabeu. Qualifying for the knockout phase should be a formality after this victory but the way they let the Swiss team give them a scare will give coach Manuel Pellegrini a lot to think about.

"They say we're favourites to win the Champions League but we have to take it step by step," Ronaldo said after his two-goal European debut for the Spanish club. Real, who won the last of their nine European Cups in 2002, appeared to be cruising when Ronaldo, Raul and Gonzalo Higuain scored in a devastating 18-minute spell before halftime but from 3-0 up they suddenly found themselves wobbling at 3-2.

The game turned when Xavier Margairaz converted a 64th-minute penalty after Iker Casillas upended Alexandre Alphonse and almost immediately Silvan Aegerter headed in to bring the game back to life. Ronaldo snuffed out Zurich's comeback hopes with a free kick from longer range with a minute of normal time left, as keeper Johnny Leoni contrived to punch the ball into the roof of his own net. Guti then completed the scoring.

Bayern Munich took control in Group A with a 3-0 win at Maccabi Haifa, with young midfielder Thomas Mueller scoring two goals for the second time in four days following his double against Borussia Dortmund. VfL Wolfsburg, the team who pipped Bayern to the Bundesliga title last season, had a Grafite hat-trick to thank for a 3-1 home win over CSKA Moscow in Group B. APOEL Nicosia, like Wolfsburg and Zurich playing their first match in the Champions League, had an encouraging goalless draw at Atletico Madrid in Group D.

As Champions League debuts go, it is hard to beat a hat-trick and the Brazilian Grafite was ecstatic and hoping to take away the traditional prize for his troubles. "It was a special night, an unforgettable night," said Grafite. "I just asked the referee if I can have the match ball." He was a lot happier at any rate than Wayne Rooney, who made his frustration plain when he was substituted in United's game in Istanbul, flinging his boots to the floor in the dugout.

Barcelona begin the defence of their title at Inter Milan in one of eight matches on Wednesday. *Reuters

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
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 tour of the Netherlands

UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match

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.”

RESULTS

Welterweight

Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)

(Unanimous points decision)

Catchweight 75kg

Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)

(Second round knockout)

Flyweight (female)

Manon Fiorot (FRA) beat Corinne Laframboise (CAN)

(RSC in third round)

Featherweight

Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki

(Disqualification)

Lightweight

Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)

(Unanimous points)

Featherweight

Yousef Al Housani (UAE) beat Mohamed Fargan (IND)

(TKO first round)

Catchweight 69kg

Jung Han-gook (KOR) beat Max Lima (BRA)

(First round submission by foot-lock)

Catchweight 71kg

Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)

(TKO round 1).

Featherweight title (5 rounds)

Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

(TKO round 1).

Lightweight title (5 rounds)

Bruno Machado (BRA) beat Mike Santiago (USA)

(RSC round 2).

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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