Daniil Medvedev said he tried to "block the noise" during his win over Alex de Minaur at the ATP Finals at the Inalpi Arena in Turin, on November 12, 2024. AP
Daniil Medvedev said he tried to "block the noise" during his win over Alex de Minaur at the ATP Finals at the Inalpi Arena in Turin, on November 12, 2024. AP
Daniil Medvedev said he tried to "block the noise" during his win over Alex de Minaur at the ATP Finals at the Inalpi Arena in Turin, on November 12, 2024. AP
Daniil Medvedev said he tried to "block the noise" during his win over Alex de Minaur at the ATP Finals at the Inalpi Arena in Turin, on November 12, 2024. AP

Daniil Medvedev keeps ATP Finals hopes alive as illness could force Carlos Alcaraz to drop out


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A rejuvenated Daniil Medvedev recorded his first win of the 2024 ATP Finals after beating Alex de Minaur in the Ilie Nastase Group on Tuesday.

The Russian fourth seed lost his opening game of the season-ending tournament against Taylor Fritz on Sunday but brushed aside De Minaur 6-2, 6-4, leaving the Australian's hopes of reaching the semi-finals all but over.

Medvedev, who was champion in 2020 when he defeated Dominic Thiem in the final, did not face a single break point and broke De Minaur's serve three times at the Inalpi Arena.

The second set was more evenly contested but Medvedev came alive in a crucial ninth game to break serve before going on to seal a 78-minute victory and will take on world No 1 Jannik Sinner in his final group game.

The Italian, who beat tournament debutant De Minaur in his opener, faces Taylor Fritz in Tuesday's late match which is a repeat of the US Open final won by Sinner in September.

Medvedev's tennis and attitude on Tuesday was in stark contrast to Sunday when he looked distracted and disinterested while also earning a penalty point for smashing a courtside microphone.

This time he was fully focused on the job in hand as he made only 10 unforced errors and conceded only nine points on his serve as he extended his record over De Minaur to 7-3.

“I went into this match blocking the noise, even from myself,” said Medvedev, who is making his sixth consecutive appearance at the ATP Finals. “No tantrums. Just block the noise. I really didn’t care what was happening on the court, I just tried to play, and it was a good feeling. Sometimes it’s good to block it [the noise], and I did that well today.

“The more popular you become, the more fans you get, the more haters you get, the more attention you get. Sometimes even the good noise can make you off balance.

“You win everything and people say you’re a god. You lose two matches and people say 'Your career is finished.' Sometimes it’s good to just block it.

“After the last match, I was too tired mentally to fight the way I usually do. [So,] I went into the match [today] just trying to hit some shots, even thinking about next year. What is going to work well today and what’s not. It worked well, so I’m OK with it.”

Meanwhile, reigning French Open and Wimbledon champion Carlos Alcaraz's participation in the tournament has been cast into doubt after he pulled out of practice due to illness.

His coach Juan Carlos Ferrera told Spanish media the 21-year-old cut short his session after just five minutes as a chest complaint was making breathing difficult.

Alcaraz is due to play Andrey Rublev on Wednesday having lost to Casper Ruud in his opening match where the four-time Grand Slam winner was clearly struggling having made 34 unforced errors.

WIDE%20VIEW
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The Written World: How Literature Shaped History
Martin Puchner
Granta

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.”

Key products and UAE prices

iPhone XS
With a 5.8-inch screen, it will be an advance version of the iPhone X. It will be dual sim and comes with better battery life, a faster processor and better camera. A new gold colour will be available.
Price: Dh4,229

iPhone XS Max
It is expected to be a grander version of the iPhone X with a 6.5-inch screen; an inch bigger than the screen of the iPhone 8 Plus.
Price: Dh4,649

iPhone XR
A low-cost version of the iPhone X with a 6.1-inch screen, it is expected to attract mass attention. According to industry experts, it is likely to have aluminium edges instead of stainless steel.
Price: Dh3,179

Apple Watch Series 4
More comprehensive health device with edge-to-edge displays that are more than 30 per cent bigger than displays on current models.

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

MATCH INFO

Newcastle United 1 (Carroll 82')

Leicester City 2 (Maddison 55', Tielemans 72')

Man of the match James Maddison (Leicester)

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Match info

Uefa Champions League Group H

Manchester United v Young Boys, Tuesday, midnight (UAE)

Updated: November 12, 2024, 5:49 PM