Defending champion Carlos Alcaraz recovered from a shaky start to beat unseeded Australian Aleksandar Vukic in straight sets to reach the third round of Wimbledon on Wednesday.
The world No 3 – who defeated Novak Djokovic in last year's final – was taken to a tiebreaker in the opening set, where he took a healthy 5-1 lead only for Vukic to win three straight points but manages to raise his level again and take the set as Spanish fans breathed a sigh of relief.
The French Open champion, who is bidding for a fourth Grand Slam title, did not give Vukic any more opportunities and closed out the second set quickly before easing through the third to seal victory in one hour 48 minutes on Court One.
“I'm really happy about my performance today,” said Alcaraz. “The first set was the key for me. He served for the set, then I played a really good tie-break. In the second set and third set, I played a really high level.”
He will now take on Frances Tiafoe of the US. “I'm going for him! We played a really good match in the US Open,” added Alcaraz. “He is a really talented player, a tough one, even tougher on grass with his style. Good volley, good slices. It is going to be a very difficult match.”
Fifth seed Daniil Medvedev also hit back from a sticky start before overcoming Frenchman Alexandre Muller 6-7, 7-6, 6-4, 7-5 in a draining battle on Centre Court.
The Russian, who reached the semi-finals last year before losing to eventual champion Alcaraz, looked out of sorts early on and had to save a set point to avoid going 2-0 down.
However, Medvedev, runner-up at the Australian Open, found a bit more of his usual groove to level the match with a tiebreak before clinching the third set and then the match over three-and-a-half hours.
Casper Ruud continued his dismal record at the grass court Grand Slam as he lost in four sets to veteran Italian Fabio Fogini. Norway's Ruud, seeded eighth, was beaten 6-4, 7-5, 6-7, 6-3 on Court Two meaning the three-time Grand Slam finalist has never been beyond the second round at Wimbledon after four appearances in the main draw.
In the women's draw, second seed Coco Gauff kicked-off Wednesday's schedule by crushing 19-year-old Romanian qualifier Anca Todoni in just 66 minutes on her way to a 6-2, 6-1 victory on Court One.
The American, 20, was always in control but did produce 16 unforced errors and managed to land only 43 per cent of her first serves. But Gauff's nervous opponent, ranked 142 in the world, hit 23 unforced errors of her own.
“I do think I could have played cleaner at some points but overall I'm happy to have got through to the third round,” Gauff said in an interview on court.
Reigning US Open champion Gauff had disposed of countrywoman Caroline Dolehide in similar ruthless fashion, taking 65 minutes to knock out her friend on Monday.
Since losing to Sofia Kenin in the first round of Wimbledon 12 months ago, Gauff is now 19-2 at Grand Slam tournaments where she has looked particularly strong in the first week, not losing a set in either the Australian Open or French Open in her first four matches.
Tunisia's Ons Jabeur is due back in action on Thursday for her second round match against American teenager Robin Montgomery, ranked 161 in the world and making only her second appearance at the All England Club.
Two-time runner-up Jabeur, who lost to Elena Rybakina over three sets in the 2022 final and was then beaten by the unseeded Marketa Vondrousova in last year's final, eased through her opening match against Moyuka Uchijima of Japan on Tuesday, securing a 6-3, 6-1 win.
“If I make it a third year in a row to the final, that would be like a dream,” the 29-year-old 10th seed said. “I know I have a big capacity of doing it, I’ve been working on myself a lot. I can see myself winning this tournament hopefully.”
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
The view from The National
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
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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GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
ICC T20 Team of 2021
Jos Buttler, Mohammad Rizwan, Babar Azam, Aiden Markram, Mitchell Marsh, David Miller, Tabraiz Shamsi, Josh Hazlewood, Wanindu Hasaranga, Mustafizur Rahman, Shaheen Afridi
SPAIN SQUAD
Goalkeepers Simon (Athletic Bilbao), De Gea (Manchester United), Sanchez (Brighton)
Defenders Gaya (Valencia), Alba (Barcelona), P Torres (Villarreal), Laporte (Manchester City), Garcia (Manchester City), D Llorente (Leeds), Azpilicueta (Chelsea)
Midfielders Busquets (Barcelona), Rodri (Manchester City), Pedri (Barcelona), Thiago (Liverpool), Koke (Atletico Madrid), Ruiz (Napoli), M Llorente (Atletico Madrid)
Forwards: Olmo (RB Leipzig), Oyarzabal (Real Sociedad), Morata (Juventus), Moreno (Villarreal), F Torres (Manchester City), Traore (Wolves), Sarabia (PSG)
KILLING OF QASSEM SULEIMANI
Armies of Sand
By Kenneth Pollack (Oxford University Press)
The Matrix Resurrections
Director: Lana Wachowski
Stars: Keanu Reeves, Carrie-Anne Moss, Jessica Henwick
Rating:****
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EXPATS
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5