Eduardo volleys home Arsenal's second goal as the Gunners produced a ruthless display to advance to the quarter-finals of the FA Cup.
Eduardo volleys home Arsenal's second goal as the Gunners produced a ruthless display to advance to the quarter-finals of the FA Cup.

Eduardo slices Burnley apart



Arsene Wenger has unfaltering belief that Arsenal's current crop of youngsters will soon develop to make the team a feared footballing force. Carlos Vela provided a validation of that high praise with a goal of breathtaking quality to send the Gunners on their way to victory in a delayed FA Cup fifth round tie.

Eduardo then bettered that outstanding effort to confirm a quarter-final meeting with Hull City. The gifted striking pair have often drawn comparisons because they play in a similar fashion. They have class in abundance too. First came some Mexican magic in the 25th minute. Chris Eagles lost the ball weakly and Andrei Arshavin released Vela. He embarrassed Clarke Carlisle with a cheeky nutmeg and then raced clear before finishing calmly with a sublime chip past the advancing Brian Jensen.

Eduardo, the older, experienced version of Vela, then followed his brilliance in the 51st minute with an outrageous goal, using the outside of his left foot to volley home after Alex Song had found him lurking inside the box. It was a flashback to the days of Dennis Bergkamp. The Brazilian-born Croatia international was making his first appearance since a double against Cardiff in the last round, a dream comeback following a year out with a broken leg.

His fabulous follow-up to Vela's effort was the perfect one-two combination to leave Burnley on the ropes and Emmanuel Eboue delivered the knock-out blow in the 84th minute with a low drive, after Song's backheel. Owen Coyle's side had claimed the scalps of five Premier League teams this season, including Chelsea and Arsenal in the Carling Cup. Kevin McDonald was the hero when Wenger's rough diamonds failed to sparkle in a 2-0 defeat back in December. But three months on, the young Gunners are wiser and better for that experience; determined to end a frustrating season on a high.

The margin of victory could and should have been wider, with Jensen, the Burnley keeper, denying Eboue and then Theo Walcott with good blocks. Walcott could be forgiven for being a little rusty on his comeback following four months out with a shoulder injury, but he was too quick for the linesman, who wrongly flagged for offside when he broke swiftly to set up Robin van Persie near the end. The England international's return could be crucial for the trip to Roma on Wednesday in the Champions League. With confidence, belief and goals, it is no wonder Wenger is smiling again.

"It is important to have competition and that we have the resources on the bench [like Walcott] to come on and score goals; that we are dangerous," he said. "It is good for us to go to Roma, knowing that we have done the job well. We scored three good goals. The first two were exceptional goals, but I liked the third one too, it was a good combination." akhan@thenational.ae

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Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

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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Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

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.”

About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

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Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
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