World Cup 2014 round-up: Do not write off Ozil, Podolski warns media



Germany’s Lukas Podolski on Saturday jumped to the defence of his under-fire Arsenal teammate Mesut Ozil ahead of their opening match against Portugal.

Ozil has had a drop in form this season, and ex-Germany captain Michael Ballack has criticised him by saying he has looked “lost” on occasions since joining Arsenal from Real Madrid. Coach Joachim Loew is set to name Ozil up front, replacing him in Germany’s attacking midfield role with Bayern Munich’s Toni Kroos.

Podolski said the German media should get off Ozil’s back.

“Mesut has the quality. He is a world-class player and will bring us plenty of joy in the shirt,” Podolski said. “You shouldn’t write him off, just let the boy play football. He is just the way he is.” Germany are among the favourites to win the World Cup, but Podolski said Spain’s shock 5-1 defeat to the Netherlands on Friday served as a warning to other top sides.

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Belgium

Belgium’s striking crisis deepened yesterday with teenage forward Divock Origi taken to hospital in the Sao Paulo region for scans on an ankle injury just days away from their opening game against Algeria. Origi, who is of Kenyan descent, had to be helped off the training pitch at Mogi das Cruzes in Sao Paulo State after suffering the injury following a challenge from midfielder Moussa Dembele. Belgium have already seen Aston Villa forward Christian Benteke ruled out of the tournament with a ruptured Achilles’ tendon, while Chelsea striker Romelu Lukaku only returned to training on Wednesday after injuring an ankle in a bruising friendly with Tunisia last Saturday. If Lille’s Origi, 19, does not recover by Tuesday, then Lukaku will be their only recognised striker for their Group H opener against Algeria in Belo Horizonte.

France

Franck Ribery conceded he had missed out on playing at the World Cup because he had refused to go along with the French team doctor’s advice to have an injection to alleviate crippling back pain. The Bayern Munich winger, 31, said was not afraid of injections, but he had simply not wanted the French team doctor to give him a cortisone injection – because he thought it would shorten his career. Ribery’s denial of being afraid of injections contradicts that of Franck Le Gall, the team’s medical chief, who said on Thursday that Ribery would have made the trip to Brazil but for his fear of needles.

Portugal

Portugal forward Cristiano Ronaldo is training well and will play in their opening World Cup Group G game against Germany tomorrow despite concerns about his left knee, goalkeeper Eduardo said yesterday. “Cristiano is good. He is training good, he is training hard. We are sure that he is going to be 100 per cent,” Eduardo said at Portugal’s training camp near Sao Paulo. “We are a group, we have a lot of good players and nobody wins alone, but with Cristiano of course it is better for us – you are talking about the best player in the world.”

Netherlands

Robin van Persie and his Dutch teammates were applauded out onto their training pitch yesterday by a group of children who snapped close-up pictures of the World Cup’s men of the moment. The Netherlands have been soaking up the praise from young and old across Brazil and the football world after its stunning 5-1 demolition of defending champion Spain in the Group B opener on Friday night in Salvador. Van Persie, Arjen Robben and other players who started the rout of the world and European champions carried out light jogging drills at local club Flamengo’s training facility in Rio de Janeiro. Van Persie, who scored twice against Spain, later walked over to the youngsters, said “hi”.

Brazil

Brazilian striker Neymar has played down talk that a yellow card in the World Cup opener against Croatia will force him into a less aggressive style of play, though a second caution could see him banned from a knockout match. Neymar was lucky to escape with only a caution after elbowing Luka Modric in the throat during the 3-1 win over Croatia. “I am not worried, I am going to play to win the second game,” he said. “If I start thinking about it, that’ll make it worse.” Until the last World Cup, Fifa erased all cards after the group stages. But now cards are accumulated until the quarter-finals.

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CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
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MATCH INFO

France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')

AL%20BOOM
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Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

JERSEY INFO

Red Jersey
General Classification: worn daily, starting from Stage 2, by the leader of the General Classification by time.
Green Jersey
Points Classification: worn daily, starting from Stage 2, by the fastest sprinter, who has obtained the best positions in each stage and intermediate sprints.
White Jersey
Young Rider Classification: worn daily, starting from Stage 2, by the best young rider born after January 1, 1995 in the overall classification by time (U25).
Black Jersey
Intermediate Sprint Classification: worn daily, starting from Stage 2, by the rider who has gained the most Intermediate Sprint Points.

The specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

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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.”

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

UAE currency: the story behind the money in your pockets
THE LIGHT

Director: Tom Tykwer

Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger

Rating: 3/5

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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Brief scores:

Toss: South Africa, chose to field

Pakistan: 177 & 294

South Africa: 431 & 43-1

Man of the Match: Faf du Plessis (South Africa)

Series: South Africa lead three-match series 2-0

MATCH INFO

Uefa Champions League, last-16. first leg

Atletico Madrid v Juventus, midnight (Thursday), BeIN Sports

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Scores

Wales 74-24 Tonga
England 35-15 Japan
Italy 7-26 Australia