Juande Ramos has seen his Tottenham side slump to bottom of the Premier League following Monday's 2-1 loss to Aston Villa.
Juande Ramos has seen his Tottenham side slump to bottom of the Premier League following Monday's 2-1 loss to Aston Villa.

Ramos retains top-four hope



The Tottenham boss Juande Ramos insists it is too early to write off hopes of a top-four finish despite the defeat by Aston Villa bringing about the club's worst start to a Premier League season. Spurs are bottom of the table with a point from four games and with Robbie Keane and Dimitar Berbatov no longer at White Hart Lane, Ramos pointed to a lack of time to prepare with his new recruits as Villa grabbed a deserved 2-1 win. It is Martin O'Neill's men who are now currently in the final Champions League place that Spurs have been chasing, but Ramos believes there is plenty of time to mount a challenge. "We've only played four games, it's only just begun," said the Spaniard. "There is still room for us there. We had very little time to prepare ? (Vedran) Corluka, (Roman) Pavlyuchenko and (Fraizer) Campbell are new to the club and haven't really had time. "We are behind in our preparations. We need to keep the spirit going and climb as high up the table as possible. "We've made an irregular start to the season having lost three games which makes it an uphill struggle for us." Ramos insists he has faced bigger challenges in his career and feels he has the quality in his squad to kick-start their season. "We've got a young squad with plenty of quality there and hopefully with calmness and experience we'll get a positive result and after that things could well change for us," he said. "I'm not going to carry out an assessment after just one game. Don't forget this is the same squad that beat Roma 5-1. "We've had good results against Celtic and Roma, I know that was in pre-season but they were great games and we have very good footballers." Ramos admitted he was furious with his players but refused to single out Heurelho Gomes, who was at fault for Ashley Young's strike just after the break. It was the Brazilian who kept Spurs in the game after Nigel Reo-Coker had opened the scoring in the fifth minute. "I'm always angry at the end of games like this with the players and myself as well," Ramos said. "The blame I give to the goalkeeper is the blame that is due to him, like the other players. On other occasions he also stopped them scoring goals. "I think he was absolutely magnificent apart from that goal." Seven of O'Neill's starting XI were Englishmen, although it was Franco Baldini, from England's backroom staff, rather than coach Fabio Capello, who watched the game. "I'm not wildly interested in what Fabio does, I'm sure he's basking in the glory of a wonderful performance and that is great," O'Neill said. "With Ashley Young and Gabby Agbonlahor, their time will come. I'm really selfish about this and want them to be on the fringe of the internationals but not actually play. "I'd hope that would continue for another eight years!" Darren Bent pulled one back for Spurs but Villa held on for their first three points in London for four years. Reo-Coker said: "It's just hard work and determination. "We can be as strong as we want to be. The Premier League is very strong and competitive ? we are just focusing on getting points on the board." Villa's England midfielder Gareth Barry added: "They had a lot of pressure but we saw it out well." Agbonlahor picked up a thigh problem but the injury is not thought to be serious, while John Carew hobbled off with an apparent ankle injury and will need to be assessed ahead of Villa's Uefa Cup clash against Litex Lovech on Thursday.

*PA Sport

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.”

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

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

Rating: 4.5/5

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
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

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Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 

Huroob Ezterari

Director: Ahmed Moussa

Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed

Three stars

If you go

The flights
Return flights from Dubai to Santiago, via Sao Paolo cost from Dh5,295 with Emirates


The trip
A five-day trip (not including two days of flight travel) was split between Santiago and in Puerto Varas, with more time spent in the later where excursions were organised by TurisTour.
 

When to go
The summer months, from December to February are best though there is beauty in each season

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science