Spain's Carlos Alcaraz celebrates after beating Denmark's Holger Rune in their quarter-final at Wimbledon on July 12, 2023. AP
Spain's Carlos Alcaraz celebrates after beating Denmark's Holger Rune in their quarter-final at Wimbledon on July 12, 2023. AP
Spain's Carlos Alcaraz celebrates after beating Denmark's Holger Rune in their quarter-final at Wimbledon on July 12, 2023. AP
Spain's Carlos Alcaraz celebrates after beating Denmark's Holger Rune in their quarter-final at Wimbledon on July 12, 2023. AP

Carlos Alcaraz beats Holger Rune to reach his first Wimbledon semi-final


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Carlos Alcaraz beat fellow young gun and childhood friend Holger Rune to reach the Wimbledon semi-finals for the first time.

World No 1 Alcaraz and sixth seed Rune played doubles together when they were 14 and now the duo were the first men under 21 to face each other in a Wimbledon quarter-final in the open era.

It was the first time they had met at a grand slam, the start of a rivalry that could last for 10 or 15 years, and it was the Spaniard who came out top with a 7-6, 6-4, 6-4 victory on Centre Court.

Just six days separate the pair – Rune being the older – and as they headed into a first-set tiebreak there was virtually nothing to choose between them either.

Alcaraz had hit 12 winners to Rune’s 13, both had made 12 unforced errors and both had won a total of 38 points.

Both had also double-faulted once, but Rune picked the wrong time to add to that particular tally to hand Alcaraz the advantage in the tiebreak, which he went on to win with a stunning backhand return.

They exchanged further blows until 4-4 in the second set when Rune netted a simple overhead, and Alcaraz punished a second serve with another pinpoint return to secure the first break of the match.

With England captain Ben Stokes watching in the crowd, it was Rune’s title hopes that were turning to ashes.

The weary Dane was given a warning for a time violation and was promptly broken for 3-2 in the third.

Rune saved a match point on his own serve but could not get near Alcaraz’s as the top seed wrapped up victory in two hours and 20 minutes.

Alcaraz, still a relative grass-court rookie despite his win at Queen’s Club a fortnight ago, said: “Honestly, it’s amazing for me, a dream since I started playing tennis, making good results at Wimbledon, such a beautiful tournament.

“To be able to play a semi-final here … I think I’m playing at a great level, I didn’t expect to play such a great level on this surface so for me, it’s crazy.

“At the beginning I was really nervous playing a quarter-final and playing against Rune, someone the same age and playing at a great level. But once you get to a quarter-final there are no friends, you have to focus on yourself and I did great in that.”

Alcaraz will play Russian third seed Daniil Medvedev, who beat him in the second round two years ago when he really was a novice on grass, in the semi-final.

“We played two times, once here at Wimbledon,” added Alcaraz. “It’s going to be a tough one.

“But right now I’m going to enjoy this moment. You don’t play a semi-final every year.”

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The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

Results

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Reem Baynounah, Fernando Jara (jockey), Mohamed Daggash (trainer)

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m; Winner: AF Afham, Tadhg O’Shea, Ernst Oertel

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Ghallieah, Sebastien Martino, Jean-Claude Pecout

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Yas Xmnsor, Saif Al Balushi, Khalifa Al Neyadi

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Adrie de Vries, Jean de Roualle

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Haqeeqy, Dane O’Neill, John Hyde.

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

The Baghdad Clock

Shahad Al Rawi, Oneworld

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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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F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

Updated: July 12, 2023, 6:14 PM