Antoine Rozner tames Fire to win first title at Golf in Dubai Championship


Amith Passela
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Final round

25 under -  Antoine Rozner (FRA)

23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)

21 - Grant Forrest (SCO)

20 - Ross Fisher (ENG)

19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)

Antoine Rozner saved his best for last to win the first Golf in Dubai Championship at the Fire Course on Saturday.

The Frenchman produced a stunning eight-under-64 in the final round to clinch the title by two shots ahead of a group of four runners-up; England’s pair Andy Sullivan and Matt Wallace, Mike Lorenzo-Vera of France and Italian Francisco Laporta.

Rozner, 27, fired six birdies and an eagle to come home 25 under for scores of 63, 69, 67 and 64 across the four days.

In the final round, he sank three birdies on the front nine, began the back nine with successive birdies and the eagle on the 13th, but bogeyed the 15th before rounding off in style with birdies on the 16th and 18th.

“I don’t really know how to explain my feelings right now,” Rozner said of his victory at the Jumeirah Golf Estates.

“I was close to winning twice this year, in Mauritius and Valderrama. So to get it done today in such a good fashion with an eight under last round – I’m just really happy with how I played today. To get it done like this was an amazing feeling.”

Rozner now has momentum on his side for next week’s DP World Tour Championship at the adjoining Earth Course.

“Very excited because I didn’t get into any Rolex Series events this year,” the Frenchman said.

“To get into the DP World, the biggest tournament of the year and the last one of the year, it will be really nice for me to be able to compete at the next level.”

Talking about his second shot at the 18, Rozner said everything came together perfectly when it mattered.

“I think it was 234 metres to the pin. I wanted to carry 220 and I had the perfect club for this, my three-iron,” he said.

“I was a bit pumped up as well but there was wind into, I just hit a really good three iron. It’s funny because I just changed this club this week, it’s a new three-iron.

“It was a really good shot and I was happy to make a birdie on the last.”

Sullivan, who carded a new course record 61 in the opening round and led for three days and for most of the final round, began the day with a birdie on the first hole to stretch his lead to three shots.

However, he ended the day on two-under after carding four birdies and two bogeys on the eighth and the 16th.

Grant Forrest returned with the day’s best nine under to finish sixth ahead of England’s Ross Fisher, the joint second overnight, in seventh.

“It’s massive,” Scot Forrest said. “It’s been the goal for the whole year and I got off to a good start before all of this kicked off and then I’ve not really played my best since we started playing again.

“Coming into this week I knew I probably needed at least top five. I set myself a target of 20 under and I was a bit disappointed with yesterday’s round.

“I left a few shots out there coming in and today was one of those days where everything went for me. I putted really well and I got away with a couple of bad shots too.”

UAE currency: the story behind the money in your pockets
Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

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Final round

25 under -  Antoine Rozner (FRA)

23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)

21 - Grant Forrest (SCO)

20 - Ross Fisher (ENG)

19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)