LONDON // Some scripts write themselves. Before kick off, Jim Carrey and Jeff Daniels appeared on the Emirates pitch to promote their sequel to Dumb & Dumber. Sure enough, the vital opening goal, was a moment of vintage slapstick.
Ashley Young crossed from the left. It probably would have been too high for Marouane Fellaini but Wojciech Szczesny came out to try to punch clear and clattered into Kieran Gibbs.
His weak contact sent the ball to Antonio Valencia, who returned the ball to the middle where the grounded Gibbs instinctively jabbed out a foot and diverted the ball into his own net.
Szczesny was forced off with a hip injury, following Jack Wilshere, who had been substituted after hurting his ankle – again – a couple of minutes earlier. United had not had a shot on target and yet they were ahead.
For long spells United had been desperately poor. Tyler Blackett gave the ball away again and again and Arsenal wasted chance after chance.
But that is the Arsenal way these days and, as they overcommitted seeking an equaliser, Angel Di Maria led a break that ended with Wayne Rooney dinking home a second.
In the first half United, playing a back three for the first time since the 0-0 draw away to Burnley in August, were astonishingly open.
Twice, Alex Oxlade-Chamberlain created opportunities for Danny Welbeck in the opening quarter-hour by hitting the space behind Luke Shaw, who was forced off with injury after 16 minutes, the 40th injury suffered by United in Louis van Gaal’s four months in charge.
Welbeck spurned those chances, the first blocked by Paddy McNair, the second headed over.
David De Gea made two blocks in quick succession, the first from Jack Wilshere after his own clearance under pressure from Alexis had gifted United possession, the second from Oxlade-Chamberlain.
Arsenal lack ruthlessness and, as they failed to take advantage of United’s openness, a frustration set in, manifested most obviously in the strange sort of half butt Wilshere landed on Fellaini before half time.
He was fortunate, perhaps, that his relative shortness meant he connected with the Belgian’s chest. Fellaini seemed baffled rather than hurt by the incident.
The victory lifts United into the top four which, realistically is their goal this season.
They are 13 points behind Chelsea and five behind Manchester City but, at least, in their spirit and the way they hurled themselves in the way of shots and crosses late on, there is something to work on.
And things will become easier if the injury list ever begins to thin out.
Arsenal, though, look bereft even if Olivier Giroud confirmed his return form injury with a late goal. It is 10 years and a month since their 49-game unbeaten run came to an end at Old Trafford, and they arguably are yet to recover.
Frankly, if they cannot beat a patched-up United who defended as badly as this, you begin to wonder whether they can ever beat a top-four side again.
Boos rang around the Emirates as droves of fans left early: the pressure on manager Arsene Wenger is mounting. United have only two more points than Arsenal but they also have hope.
sports@thenational.ae
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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
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SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
RESULTS
Manchester United 2
Anthony Martial 30'
Scott McTominay 90 6'
Manchester City 0
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
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Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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.”
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
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
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants