Rafael Nadal and Novak Djokovic after the 2021 Italian Open final. AFP
Rafael Nadal and Novak Djokovic after the 2021 Italian Open final. AFP
Rafael Nadal and Novak Djokovic after the 2021 Italian Open final. AFP
Rafael Nadal and Novak Djokovic after the 2021 Italian Open final. AFP

Novak Djokovic favourite to achieve all-time Grand Slam record, says Rafael Nadal


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Rafael Nadal has said the advantage is very much with Novak Djokovic to become the most decorated male Grand Slam tennis champion in history.

Nadal, Djokovic, and Roger Federer are all level on 20 major titles, but the Spaniard and his Swiss rival have endured long-term injury absences in recent years. Nadal is just making his way back from a foot injury which curtailed his 2020 season in August - and he admitted it had been troubling him for more than a year - while Federer revealed he will not be back until the middle of next year after undergoing a third surgery on his right knee in the past 18 months.

Djokovic, meanwhile, has continued to dominate at the top of the rankings. The Serb won three of four Grand Slam titles in 2021 and fell narrowly short of an historic calendar Grand Slam after losing in the US Open final. Additionally, Djokovic's conversion rate for the past decade is astonishing: he has won 19 of the last 43 majors, or 44 per cent.

"I understand that the conversation is always there, especially with Novak, who has been playing almost every week, but me and Roger have been injured for such a long period of time," said Nadal, who has won 13 of his 20 major titles at Roland Garros but was defeated in the semi-finals this year by Djokovic.

"Of course we are equal [on major titles] but the chances for Novak are much higher than for us because he’s healthy and competing and he’s doing well.

"Let’s see what can happen in the next couple of months. If I’m back again we can be talking about that later in the season. Now my real goal is to be back and to be healthy and to be competitive."

Nadal was speaking at a press conference for the Mubadala World Tennis Championship in Abu Dhabi, where he is set to make his return to the court on Friday.

'Manolo was a very special person'

Manolo Santana pictured during the 2015 US Open. AFP
Manolo Santana pictured during the 2015 US Open. AFP

The 35-year-old Spaniard also took the time to pay tribute to Manolo Santana, the Spanish tennis great who passed away earlier this month at the age of 83.

Santana won five Grand Slam titles in the 1960s and was ranked No 1 in the world, but his impact on tennis in Spain extended far beyond his on-court achievements. Tennis was previously a sport reserved for the rich elite in Spain, but the success of Santana - who was the son of a tennis club groundskeeper - played an enormous role in removing the class wall and making the sport more accessible.

"Everybody is so sad, of course," Nadal said. "He had been such an amazing ambassador for our sport. In the world of tennis he is a legend, especially in Spain, for all the things that he did for our sport and for all he achieved. It’s unforgettable.

"He is a legacy and helped a lot to make our sport popular in our country. The only thing we can say is ‘thanks a lot, Manolo’. We will miss him a lot because he was a very special person."

The Bio

Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”

Holiday destination: “I like Paris very much, it’s a city very close to my heart.”

Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”

Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”

Company%20profile
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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
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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.”

The specs: 2018 Jaguar F-Type Convertible

Price, base / as tested: Dh283,080 / Dh318,465

Engine: 2.0-litre inline four-cylinder

Transmission: Eight-speed automatic

Power: 295hp @ 5,500rpm

Torque: 400Nm @ 1,500rpm

Fuel economy, combined: 7.2L / 100km

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
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Updated: December 16, 2021, 1:40 PM