Liverpool manager Kenny Dalglish praised Craig Bellamy after the Wales forward inspired his side to a 2-0 Carling Cup quarter-final victory over Chelsea.
Bellamy returned to action little more than 48 hours after being withdrawn from the squad for Sunday's clash with Manchester City on passionate grounds.
The 32-year-old was mourning the loss of friend Gary Speed and stood with his head bowed during the minute's applause held at Stamford Bridge tonight in remembrance of the Wales manager.
In the second half Bellamy came alive, setting up goals for Maxi Rodriguez and Martin Kelly as Chelsea were swept aside.
"Craig is a fantastic footballer who had a hugely disappointing day on Sunday. He regarded Gary Speed as a mentor," said Dalglish.
"It was great for the wee man, making the first goal. For the second he took the free-kick. He told Martin to leave it, it was going in!
"I don't know if we took Chelsea apart but we were delighted with the way we played. We've had a good day and we deserved to go through."
Arsenal manager Arsene Wenger reserved special praise for young winger Alex Oxlade-Chamberlain despite his side losing 1-0 at home to Manchester City in the quarter-finals.
City reached the final four thanks to a late strike from substitute Sergio Aguero, but Wenger highlighted the performance of 18-year-old Oxlade-Chamberlain.
He said: "Chamberlain the whole night looked like he could deliver something special and he has shown already he has moved forward. He has improved a lot."
There may now be pressure from the Arsenal supporters to see Oxlade-Chamberlain on a more frequent basis but Wenger believes he has adopted the correct policy with the 18-year-old former Southampton player.
"The experience shows that it is good sometimes to be positive and patient," Wenger said.
"I was very patient with him until now and it is important sometimes to hold them back a little bit and keep them on the training ground."
Oxlade-Chamberlain had long been linked with a move to Emirates Stadium and made the switch from Southampton for a reported £12million over the summer.
Samir Nasri made his first return to the Emirates Stadium following his summer move to City and the home fans let him know they did not approve of his move to the north-west. Mancini believes Nasri will start to show his best form for City.
"He can play better because he is a top player," Mancini said.
"I think that he can improve a lot but it was the same situation with who arrived last year like Edin (Dzeko) and David (Silva).
"It (the win) is not important for him, it is important for the team. For him it is better that he played tonight so when he comes back to play here in the league he knows what will happen."
Cardiff manager Malky Mackay dedicated his side's cup win over Blackburn Rovers to Gary Speed as they reached the semi-finals of the competition for the first time since 1966.
A Kenny Miller strike and a goal bundled in by a combination of Anthony Gerrard and Filip Kiss condemned the visitors to a 2-0 defeat at Cardiff City Stadium as the Bluebirds lifted the spirits of a nation rocked by the death of Wales manager Speed at the weekend.
Prior to the game tribute was paid to Speed when the stadium, which hosted his last game in charge of Wales, united in a round of applause in recognition of his career before a minute's silence.
Both managers and Football Association of Wales chief executive Jonathan Ford also laid floral tributes on a Welsh flag, and during the game there were chants of "There's only one Gary Speed".
Mackay said the result was a fitting tribute.
"I am very proud of the group, and proud of everyone at the football club. It was an emotional evening for everyone at the club and everyone in Wales," he said.
"We knew that going out tonight we would have a big attendance and it was a very moving tribute to Gary.
"We wanted to get through just as that little tribute to him to get Wales into the semi-finals of the Carling Cup."
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
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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.”
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) | US$95,000 | (Dirt) 2,000m
7.05pm: Meydan Classic Listed (TB) ) | $175,000) | (Turf) 1,600m
7.40pm: Handicap (TB) ) | $135,000 ) | (D) 1,600m
8.15pm: Nad Al Sheba Trophy Group 3 (TB) ) | $300,000) | (T) 2,810m
8.50pm: Curlin Handicap Listed (TB)) | $160,000) | (D) 2,000m
9.25pm: Handicap (TB)) | $175,000) | (T) 1,400m
10pm: Handicap (TB) ) | $135,000 ) | (T) 2,000m
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
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
Rating: 2/5
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Read more from Kareem Shaheen
Winners
Best Men's Player of the Year: Kylian Mbappe (PSG)
Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)
TikTok Fans’ Player of the Year: Robert Lewandowski
Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)
Best Women's Player of the Year: Alexia Putellas (Barcelona)
Best Men's Club of the Year: Chelsea
Best Women's Club of the Year: Barcelona
Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)
Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)
Best Coach of the Year: Roberto Mancini (Italy)
Best National Team of the Year: Italy
Best Agent of the Year: Federico Pastorello
Best Sporting Director of the Year: Txiki Begiristain (Manchester City)
Player Career Award: Ronaldinho
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%3Cp%3E%E2%97%8F%20Estijaba%20helpline%3A%208001717%3Cbr%3E%E2%97%8F%20UAE%20Ministry%20of%20Health%20and%20Prevention%20hotline%3A%20045192519%3Cbr%3E%E2%97%8F%20UAE%20Mental%20health%20support%20line%3A%20800%204673%20(Hope)%3Cbr%3EMore%20information%20at%20hope.hw.gov.ae%3C%2Fp%3E%0A
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.
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Champions League Last 16
Red Bull Salzburg (AUT) v Bayern Munich (GER)
Sporting Lisbon (POR) v Manchester City (ENG)
Benfica (POR) v Ajax (NED)
Chelsea (ENG) v Lille (FRA)
Atletico Madrid (ESP) v Manchester United (ENG)
Villarreal (ESP) v Juventus (ITA)
Inter Milan (ITA) v Liverpool (ENG)
Paris Saint-Germain v Real Madrid (ESP)
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