Rafael Nadal returns from injury in Madrid with eyes on yet another French Open prize

Rafael Nadal returns to competitive action this week at the Madrid Open looking to pick up where he left off following a month out due to a rib injury.

The 35-year-old Spaniard started the season in spectacular fashion with a record-breaking 21st Grand Slam title at the Australian Open – where he fought back from two sets down to defeat Daniil Medvedev – as well as winning in Melbourne and Acapulco.

Nadal had won his first 20 matches of the year before finally being beaten in the final at Indian Wells by Taylor Fritz, with the world No 4 later revealing that he had been struggling with a stress fracture in one of his ribs.

He missed tournaments in Miami, Monte Carlo and Barcelona because of the injury and Nadal said last week that it would be unlikely that he will be winning a sixth Madrid title due to his lack of preparation.

Nadal, though, is confident that he will be fully fit and ready to play the French Open, which starts on May 22, a tournament he was won a record 13 times but where he lost to Novak Djokovic in the semi-finals last year.

“I have three weeks,” said Nadal, who was guest of honour at Real Madrid's win over Espanyol on Saturday when the Spanish club sealed their 35th La Liga title. “So I trust that the daily training will help me to get ready.

“Here the demand [in high altitude in Madrid] is maximum, but what can be done is going to be done.

“The most important thing is to be healthy, but I think that going to Paris I'm on time. Three weeks are enough to get competitive.”

Nadal will kick-off his Madrid Open campaign against either Miomir Kecmanovic or Alexander Bublik and could face top-ranked Djokovic in the last four.

Another home-crowd favourite in Madrid will be young sensation Carlos Alcaraz, who has risen to No 9 in the world after titles in Rio de Janeiro, Miami and Barcelona.

The 18-year-old, touted by many as Nadal’s heir, could face his idol in the quarter-finals. He lost to Nadal in the tournament’s second round last year.

Former world No 1 Andy Murray, a two-time winner in Madrid, will be back at the clay-court tournament for the first time since 2017. He faces world No 3 Dominic Thiem, who has been recovering from a wrist injury that sidelined him for eight months.

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Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

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Why are asylum seekers being housed in hotels?

The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.

A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.

Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.

The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.

When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.

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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.”

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