Andy Murray wins five-set US Open thriller after stunning comeback


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Andy Murray showed the fighting qualities that he was renowned for in his prime, battling back from two sets down to progress to round two of his comeback Grand Slam at the US Open.

Playing in his first singles Grand Slam in 18 months because of injury and the coronavirus pandemic, Murray dug deep to prevail in a 4hr 39min bruiser against Japan's Yoshihito Nishioka, winning 4-6, 4-6, 7-6 (7/5), 7-6 (7/4), 6-4.

"That's by far the most tennis I've played since 2019," said Murray, who lost in five sets in the first round of the 2019 Australian Open to Roberto Bautista Agut.

"At the beginning of the match I was apprehensive about playing a long match because I hadn't played one in a while.

"I was sort of pacing myself. Once I got two sets down I had to start putting the after-burners on and managed to get through."

Murray will play 15th seed Canadian Felix Auger-Allassime in the second round.

Murray's comeback appeared to be heading for disaster when he went 3-1 down in the third set, appearing all-but-certain to be heading for an embarrassing straight-sets exit.

But showing the grit and determination that led him to three Grand Slam wins during his peak, Murray hauled himself into a 5-4 lead before taking the set on a tiebreak.

By then, Murray was playing more aggressively, forcing Nishioka on to the back foot and into errors of his own.

The Scot's fist pumps became more pronounced and his roars of "come on!" more audible in spectator-free Arthur Ashe Stadium as he took the fourth set.

The first four games of set four went to serve until a Murray double fault put him a break down.

Murray immediately broke back though, a delicate backhanded lob from deep making the score 3-3, before breaking again for game, set, match.

Murray, the 2012 US Open champion, was competing in a Grand Slam singles match for the first time since last year's Australian Open when there was lots of talk of him retiring.

The past three years of his career have been ravaged by injury and he has fallen to 115 in the ATP world rankings.

Murray said he "did all right physically" but felt "tired".

He added that his big toes were "pretty beat up" and that he hoped organisers would grant him special permission to have an ice bath, with access restricted due to strict coronavirus measures.

"They said it was for emergencies. For me this is an emergency right now. I'll ask and see if they'll allow me to use the ice bath. If not I'll try to get back to the hotel as quickly as I can," he said.

Murray had career-saving hip surgery in 2019, his second hip operation, before suffering another setback with a pelvic injury at the Davis Cup last November.

That, combined with the pandemic shutdown, kept him out of competition until the ATP Western and Southern Open in New York this past week, where he reached the last 16.

The comeback made it 10 career wins from two sets down, tying Roger Federer's record among active players.

"Hip hip hooray," tweeted Murray's mother, Judy Murray.

Murray was handed a wild card for the US Open after narrowly missing out on direct entry.

He is competing at the Flushing Meadows Slam for the first time since 2018.

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.”

Champions League Last 16

Red Bull Salzburg (AUT) v Bayern Munich (GER) 

Sporting Lisbon (POR) v Manchester City (ENG) 

Benfica (POR) v Ajax (NED) 

Chelsea (ENG) v Lille (FRA) 

Atletico Madrid (ESP) v Manchester United (ENG) 

Villarreal (ESP) v Juventus (ITA) 

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Paris Saint-Germain v Real Madrid (ESP)  

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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

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Forced%20Deportations
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Violence%20
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Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.