Surprises in the semi-final action means there will be five new champions in the history of the tournament.
Poor form from Chen
World champions Chen Long and Carolina Marin were both beaten in the semi-finals on a remarkable day in Dubai. Chen, pictured, who has won seven Superseries tournaments this year, was beaten for the first time by Viktor Axelsen, the improving world No 6 from Denmark. The Chinese player only briefly showed his best form in the second game while advancing to 17-15, eventually subsiding 21-12, 21-17.
Marin out of comfort zone
Marin, who has five major titles from her finest year so far, lost a little less surprisingly to 21-11, 21-12 to Nozomi Okuhara. It was the second time in 24 hours she had been beaten in straight games by the Japanese player. The slow shuttles made it hard for the Spaniard to impose her attack-minded methods against a superbly mobile opponent who consistently returned the shuttle into safe places.
Contrasting defeats
Marin nevertheless fought hard, but Chen by contrast was, by his high standards, sluggish and error-prone during his uncharacteristic defeat. He quite often allowed himself to be tied up at the net by the canny Axelsen, who used this ploy to frustrate his tall opponent’s steep counter-attacks and long reach in mid-court.
IN PICTURES The Dubai World Superseries Finals
Focus shifts to Olympics
“I didn’t play so well today,” Chen said. “I know that my opponent played better than I did. But I am happy about my performance for most of the year.” He already had an eye on his preparation for the 2016 Olympics, he also said.
Axelsen relaxed
Chen was probably not as happy, however, as Axelsen seemed to be after the biggest win of his career. “My game was to stay a relaxed as possible, to enjoy it and to play with variation – and so to try to smile,” he said. He will have made new friends by doing that. Axelsen will not, as he hoped, have a final with his compatriot Jan Jorgensen, the world No 2, who lost 21-19, 21-18 to Kento Momota, the 2014 Thomas Cup hero from Japan who has since risen to five in the world.
A double for Japan?
A Japanese double triumph is possible. Momota’s compatriot Okuhara will play the women’s singles final against Wang Yihan of China who overcame Ratchanok Intanon of Thailand 21-12, 21-12. “I just tried to maximise my strengths,” Wang said, referring to her ability to keep the pace high. “The last time I played Okuhara, in the French Open, I lost. So I don’t know if I can win tomorrow.”
Big names still remain
The only other surviving titleholders, Lee Yong Dae and Yoo Yeong Seon, did not reach the men’s doubles final when they lost 21-17, 22-24, 21-15 to Hendra Setiawan and Mohammed Ahsan, the world champions from Indonesia.
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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.”
INDIA SQUADS
India squad for third Test against Sri Lanka
Virat Kohli (capt), Murali Vijay, Lokesh Rahul, Shikhar Dhawan, Cheteshwar Pujara, Ajinkya Rahane, Rohit Sharma, Wriddhiman Saha, Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Vijay Shankar
India squad for ODI series against Sri Lanka
Rohit Sharma (capt), Shikhar Dhawan, Ajinkya Rahane, Shreyas Iyer, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni, Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Siddarth Kaul
Wayne Rooney's career
Everton (2002-2004)
- Appearances: 48
- Goals: 17
Manchester United (2004-2017)
- Appearances: 496
- Goals: 253
England (2003-)
- Appearances: 119
- Goals: 53
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
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Can NRIs vote in the election?
Indians residing overseas cannot cast their ballot abroad
Non-resident Indians or NRIs can vote only by going to a polling booth in their home constituency
There are about 3.1 million NRIs living overseas
Indians have urged political parties to extend the right to vote to citizens residing overseas
A committee of the Election Commission of India approved of proxy voting for non-resident Indians
Proxy voting means that a person can authorise someone residing in the same polling booth area to cast a vote on his behalf.
This option is currently available for the armed forces, police and government officials posted outside India
A bill was passed in the lower house of India’s parliament or the Lok Sabha to extend proxy voting to non-resident Indians
However, this did not come before the upper house or Rajya Sabha and has lapsed
The issue of NRI voting draws a huge amount of interest in India and overseas
Over the past few months, Indians have received messages on mobile phones and on social media claiming that NRIs can cast their votes online
The Election Commission of India then clarified that NRIs could not vote online
The Election Commission lodged a complaint with the Delhi Police asking it to clamp down on the people spreading misinformation
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