Rudi Garcia has been interviewed by Manchester United for the position of interim manager, The National can reveal. The French coach, 57, coached the Lyon team that knocked Manchester City out of the Champions League in 2020 and led Lille to their first trophy in 50 years in 2011, a league-and-cup double helped by bringing in 17-year-old Eden Hazard.
Garcia has a good record of doing well at clubs which aren’t. Lyon were 14th when he took charge before taking them to a French Cup final and Champions League semi-final, knocking out Juventus as well as City. He did this using young players, while helping develop Memphis Depay. Pep Guardiola was criticised for changing City’s tactics to play Lyon.
Roma were finishing between seventh and ninth before he took them to second in Serie A twice in a row behind a Juventus team who were unstoppable in Italy, winning manager of the year in that country. In Rome, where he replaced Luis Enrique, he was told the big-name stars would be a problem there, yet Francesco Totti and Daniele De Rossi became his best players.
Speaking French, English, Spanish and Italian helped him get close to a multi-national dressing room. Marseille were 15th and he took them up the table and into the Europa League final. He’s never managed in England but considers it to be the home of football.
Garcia spoke to United ahead of their 2-0 victory in Villarreal which saw the club progress to the knockout stages of the Champions League. Darren Fletcher and John Murtough, two football men, are charged with making a football decision. Ernesto Valverde, the former Athletic, Espanyol and Barcelona coach who won the league with the Catalans in 2018 and 2019, has also interviewed for the role. Valverde was dismissed by Barca in January 2020.
Michael Carrick took charge of the team in Villarreal and was serenaded by the travelling away supporters after the victory. He is usually a coach at the club and willing to do whatever is best for Manchester United.
United have been strongly linked with Paris Saint-Germain boss Mauricio Pochettino for the position of permanent manager, the Argentine having impressed in England where he led Tottenham to a Champions League final.
Villarreal v Man United ratings
Garcia’s teams play dynamic, attacking football. A three-time French manager of the year, Garcia is a fighter, a charismatic leader who knows how to make the best of his players – reaching top competition finals with squads nowhere near the best in Europe showed his talent. He’s good at developing young talents: Hazard, Lucas Digne and Gervinho at Lille, Alessandro Florenzi and Kostas Manolas at Roma, Camara in Marseille, Maxence Caqueret, Maxwell Cornet and Houssem Aouar at Lyon. His three central midfielders against City were aged 20, 21 and 22. Lyon’s inexperience told in the semi-final against Bayern Munich when they missed two one-on-one chances before going out to the eventual winners.
Garcia can be passionate and outspoken. He talks of freedom of expression, even if he is a victim of that from what journalists write. But following the attack on Charlie Hebdo in France, Garcia bought pencils and put them on the seats of the journalists before they arrived for their next press conference.
“Freedom of expression is important,” he said, “the liberty of expression is important.”
Laurent Blanc, another linked to the United role, was the favourite for the Lyon job when Garcia was interviewed for the position, yet Garcia showed his detailed knowledge of the squad and his plans for them which including promoting youth. Garcia got the job, but aware of the negativity around his appointment, Lyon’s president Jean-Michel Aulas faced the media with his new manager.
“I want to start with a quote from Winston Churchill,” he said, “A pessimist sees the difficulty in every opportunity; an optimist, which is us, sees opportunity in every difficulty.”
Manchester United might need the same approach now.
ANALYSTS’ TOP PICKS OF SAUDI BANKS IN 2019
Analyst: Aqib Mehboob of Saudi Fransi Capital
Top pick: National Commercial Bank
Reason: It will be at the forefront of project financing for government-led projects
Analyst: Shabbir Malik of EFG-Hermes
Top pick: Al Rajhi Bank
Reason: Defensive balance sheet, well positioned in retail segment and positively geared for rising rates
Analyst: Chiradeep Ghosh of Sico Bank
Top pick: Arab National Bank
Reason: Attractive valuation and good growth potential in terms of both balance sheet and dividends
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Jebel Ali results
2pm: Handicap (PA) Dh 50,000 (Dirt) 1,400m
Winner: AF Al Moreeb, Antonio Fresu (jockey), Ernst Oertel (trainer)
2.30pm: Maiden (TB) Dh 60,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
3pm: Handicap (TB) Dh 64,000 (D) 1,600m
Winner: One Vision, Connor Beasley, Ali Rashid Al Raihe
3.30pm: Conditions (TB) Dh 100,000 (D) 1,600m
Winner: Gabr, Sam Hitchcott, Doug Watson
4pm: Handicap (TB) Dh 96,000 (D) 1,800m
Winner: Just A Penny, Sam Hitchcock, Doug Watson
4.30pm: Maiden (TB) Dh 60,000 (D) 1,600m
Winner: Torno Subito, Sam Hitchcock, Doug Watson
5pm: Handicap (TB) Dh 76,000 (D) 1,950m
Winner: Untold Secret, Jose Santiago, Salem bin Ghadayer
Tightening the screw on rogue recruiters
The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.
Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.
A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.
The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.
The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.
Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.
Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment
But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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.”
What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
