Zlatan Ibrahimovic, second left, who signed for Barcelona from Italian champions Inter Milan in a swap deal with Samuel Eto'o, trains with his new teamates ahead of tonight's Super Cup against Bilbao.
Zlatan Ibrahimovic, second left, who signed for Barcelona from Italian champions Inter Milan in a swap deal with Samuel Eto'o, trains with his new teamates ahead of tonight's Super Cup against Bilbao.

Barca's welcome distraction



BARCELONA // It has been a difficult week for football in Barcelona. The death of Espanyol captain Dani Jarque stunned not only those associated with Espanyol, but also rivals Barca. Andres Iniesta played with Jarque for Spain's U19's when they were crowned European champions in 2002. They were friends and Iniesta was among a group of Barca players and officials who joined the thousands queuing at Espanyol's new stadium to pay their respects to the 26-year-old who died of a heart attack.

Goalkeeper Victor Valdes was another - he will no longer be able to holler instructions at Jarque for the Catalan national team, nor will Carles Puyol or Gerard Pique. Like coach Pep Guardiola and club president Joan Laporta, Jarque was Catalan. He grew up in the working-class barrio of Sant Boi close to Barca's new Ciutat Esportiva training ground on the south side of the city. Barca's players officially moved into the state of the art facility three weeks ago, yet many of the biggest stars have yet to experience a single training session on the lush new pitches. Barca have spent much of the pre-season travelling and only returned from a four game tour of the United States on Monday.

Spare a thought for new signing Zlatan Ibrahimovic - he did a full American pre-season with Inter Milan before doing the same with Barca. The Swedish striker has spent more days on airplanes in the last six weeks than not. Frustratingly for Barca's new record signing, he trained alone as he received treatment for a hand injury, only joining his peers for the first time on Friday. Barca open their competitive season tonight with a Spanish Super Cup first leg match against Athletic Bilbao in the Basque Country, yet international commitments this week saw Guardiola unable to train with his squad until Friday.

Athletic are in the final as they were runner's up to Barca in last season's Copa Del Rey, which provided the first trophy in the Catalans historic treble. That match in Valencia was one of three occasions when the Basques lost to Barca last season - making Guardiola's charges clear favourites over two legs - though Athletic pushed Barca hard in all the games. Joaquin Caparros's men will again be well prepared. After a four year European absence, Europa League commitments saw them commence their pre-season two weeks earlier than Barca and this will be their third competitive match.

They lost 1-0 at home to Swiss League leaders Young Boys, a game notable for the debut of Iker Muniain, who, five months short of his 17th birthday, became the second youngest player in Athletic's brilliant history. Another new Basque face is three-goal leading scorer Oscar de Marcos, who has returned from a loan spell at Alaves. With their Basque-only policy, Athletic have also signed two players from second division neighbours and long time rivals Real Sociedad.

Backed by an ever raucous 38,000 capacity crowd in their home known affectionately as "the cathedral", Athletic see the tie as a chance to accumulate some rare silverware. Barca have several injury concerns effecting their attacking players. Lionel Messi, Ibrahimovic, Iniesta and Thierry Henry are all overcoming niggling problems that prevented them from playing for their countries this week, with Messi most unlikely to start tonight.

It will give Bojan a chance, with the young Catalan/Serb saying: "I'm happy in any attacking position. I just have to take my chance and show the boss I can do a job there." All the injured players should be fit in time for Wednesday's Gamper trophy against Manchester City in Camp Nou. Guardiola has brought in young players Jeffren, Jonathan Dos Santos, Marc Muniesa and Andreu Fontàs. Barca have won the Super Cup seven times, the last two with Frank Rijkaard in the dug-out in 2006 and 2007. New signing Maxwell is likely to make his competitive debut, with the left back saying: "We've had a very positive pre-season. The squad has an excellent spirit and with our experience and players we're confident that we can start well in the Super Cup."

Maxwell, who joined from Inter to compete with Eric Abidal, added: "I'm surprised at the speed which the team play and there are differences with Serie A. In Spain, the game is more about having possession of the ball, the speed of play and the technique." After the sadness of a week marked by Jarque's death, it's reassuring to hear players speaking about football once again. @Email:amitten@thenational.ae tv Watch Bilbao v Barcelona live at midnight on Abu Dhabi Sports 1

Director: Romany Saad
Starring: Mirfat Amin, Boumi Fouad and Tariq Al Ibyari

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
THE BIO

Family: I have three siblings, one older brother (age 25) and two younger sisters, 20 and 13 

Favourite book: Asking for my favourite book has to be one of the hardest questions. However a current favourite would be Sidewalk by Mitchell Duneier

Favourite place to travel to: Any walkable city. I also love nature and wildlife 

What do you love eating or cooking: I’m constantly in the kitchen. Ever since I changed the way I eat I enjoy choosing and creating what goes into my body. However, nothing can top home cooked food from my parents. 

Favorite place to go in the UAE: A quiet beach.

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.”

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