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FIFA to ban third-party player ownership MARRAKECH: FIFA will ban third-party ownership of players from May 1 next year, ending a system which critics claim breeds corruption but whose advocates insist is a crucial financial lifeline for poorer clubs."The ban will come into force on May 1, 2015," said a FIFA statement following a decision taken by the world body's executive committee on Friday."Existing agreements shall continue to be in place until their contractual expiry. New agreements made between 1 January and 30 April 2015 will be subject to a time limit (one year maximum)."Critics of third-party ownership have long argued that such arrangements, which players including Brazilian Neymar and Argentina's Carlos Tevez have been subject to, can lead to conflicts of interest and possible corruption.Supporters, however, have argued that it often enables poorer clubs to hang on to their best players by generating funds to match the wages of bigger and wealthier rivals.Copyright AFP (Agence ...

Mourinho urges Hazard to deliver Chelsea success COBHAM: Chelsea manager Jose Mourinho insists Eden Hazard must help the club win more titles if he is to join the ranks of their greatest players.Hazard's value to Mourinho's side will be confirmed when he puts pen to paper on a lucrative new five-year contract.The Belgian international, signed for £32 million (40.8m euros, $50m) from Lille in 2012, was criticised by his manager towards the end of last season when Chelsea fell short in their ...
Atletico's Simeone pleased with improving Mandzukic MADRID: Filling the shoes of Diego Costa at Atletico Madrid was always going to be a tall order but coach Diego Simeone is pleased so far with the performances of Mario Mandzukic. The Croatia forward struck twice in Atletico's King's Cup game at home to third-tier Hospitalet on Thursday, a 2-2 second-leg draw that sent the 2013 winners through to the last 16 5-2 on aggregate and earned them a meeting with holders Real Madrid. ...
Malaysia skipper plays down hopes of Suzuki Cup comeback KUALA LUMPUR: Malaysia captain Shukor Adan says his side will struggle to overturn a 2-0 deficit in Saturday's second leg of the AFF Suzuki Cup final against Thailand.Thailand's influential midfielder Chanathip Songkrasin, dubbed 'Messi Jay', proved the difference in the first leg at the Rajamangala Stadium in Bangkok, according to Adan, who was an injury doubt prior to Wednesday's clash.The central defender had a back problem but played through and kept the Thais at bay ...
Barcelona's Neymar available for Cordoba clash BARCELONA: Barcelona forward Neymar has recovered from a minor ankle problem and is available for Saturday's La Liga game at home to Cordoba, the club said on Friday. Neymar has not played since he scored Barca's second goal in the 3-1 Champions League victory at home to Paris St Germain on Dec. 10 and missed last weekend's 0-0 La Liga draw at Getafe and Tuesday's King's Cup game against Huesca. He trained with the rest ...
Abidal retires for 'strictly personal reasons' PIRAEUS: Former France international defender Eric Abidal announced his retirement on Friday for "strictly personal reasons".But the 35-year-old former Barcelona star, who returned to playing football after undergoing a liver transplant, told an emotional press conference: "I am open to proposals."Holding back the tears, he added: "I do not regret my decision. I just want to rest now, enjoy my family and then to think about my future."He said he had received offers from both ...
Van Gaal still waiting for 'perfect' United MANCHESTER: Louis van Gaal has told his predecessor Alex Ferguson he is still far from happy with Manchester United's performances despite an impressive run that has catapulted them into the Premier League top three.At least the United manager looks set to have record signing Angel di Maria available for the busy holiday schedule of games after his recovery from a hamstring tear.But, despite visiting Aston Villa at the weekend with six consecutive victories behind him, ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
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WeeklyDecember 18, 2014
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