After four months, 2011 clearly has been the Year of Novak Djokovic. The young Serb won the five tournaments he has entered, including the Australian Open. He is unbeaten in 27 matches and has lost only six sets from 65.
He has a pair of wins over both Rafael Nadal and Roger Federer, and has climbed over the former to No 2 in the world rankings.
This week in Madrid, however, should offer an insight of how far Djokovic, 23, has come as an all-surface champion, and how much further he might yet go.
After four championships on hard courts and a title Sunday in a tournament on clay in Belgrade, Djokovic rejoins the main tour for the first time since Miami.
He took off three weeks with what he described as a "knee injury", missing clay events at Monte Carlo and Barcelona at which Nadal was untouchable.
At Madrid, clay specialists such as Jose Ferrer lie in wait, and Nadal himself, unbeaten on the surface since 2009, is likely to be in the final, if Djokovic lasts that long.
Djokovic is a better player than he was a year ago. He seems fearless, even when Nadal or Federer are on the other side of the net, and he has shown new maturity. He may not have the raw power of Nadal, but he appears to be the better athlete. He also seems to have conquered the breathing problems that troubled him in the past.
After losing to Djokovic at Miami, Nadal said: "He can run to every ball. Seems like he's less tired than before when he runs a lot. He can play long points and still be running."
Mardy Fish, the American, was impressed by the Djokovic who stormed through his first four tournaments. "He's hitting his forehand as good as anyone in the world," Fish said. "His two-handed backhand is the best in the world, in my opinion. And he's serving well again. When you watch him play, it's really not that surprising he hasn't lost yet, because he's playing so well."
Clay, however, is a different world. Nadal has dominated Djokovic on the red dirt: nine matchups, nine Nadal victories.
Those who possess sufficient imagination to envision Nadal losing on clay suggest Madrid is the venue where Djokovic could pull it off. The theory is that Madrid's dry and lofty location makes clay there a quicker surface, and more hospitable to the Serb.
Fish said: "Rafa moves better on a clay court. It will be interesting to see Novak's results there."
And telling, as well.
The week in tennis
Men's tour last week
Novak Djokovic won in Belgrade, Nikolay Davydenko, the Russian, took the title in Munich and Juan Martin del Potro, the Argentine player, was champion in Estoril, Portugal. Djokovic, playing in his first tournament on clay this year, won his fifth title of 2011 and extended his winning record to 27 matches.
ATP rankings
Player Country Points
1. R Nadal ESP 11,915
2. N Djokovic SRB 9,710
3. R Federer SUI 8,690
4. A Murray GBR 5,815
5. R Soderling SWE 5,235
Women's tour this week
Roberta Vinci of Italy defeated Lucie Hradecka of the Czech Republic 4-6, 6-2, 6-2 on Sunday to win the Barcelona Open, her fourth singles title. Also, Anabel Medina Garrigues of Spain defeated Kristina Barrois of Germany 6-1, 6-2 to win the Estoril Open, for her 10th career success. It was her ninth title on clay, tying her with Serena Williams for most among active female players.
ATP rankings
Player Country Points
1. C Wozniacki DEN 9,970
2. K Clijsters BEL 8,115
3. V Zvonareva RUS 7,615
4. F Schiavone ITA 4,892
5. V Azarenka BLR 4,630
Matua Madrid Open
Place: Madrid, Spain
Duration: Until Sunday
Prize Money: US$5.5 million (Dh20.2m) (men); $4.5m (women)
Surface: Clay
Defending champion: Rafael Nadal (men)
Aravene Rezai (women)
poberjuerge@thenational.ae
Founder: Ayman Badawi
Date started: Test product September 2016, paid launch January 2017
Based: Dubai, UAE
Sector: Software
Size: Seven employees
Funding: $170,000 in angel investment
Funders: friends
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
More coverage from the Future Forum
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COMPANY%20PROFILE
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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.”
Zayed Sustainability Prize
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Day 2, stumps
Pakistan 482
Australia 30/0 (13 ov)
Australia trail by 452 runs with 10 wickets remaining in the innings
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Emiratisation at work
Emiratisation was introduced in the UAE more than 10 years ago
It aims to boost the number of citizens in the workforce particularly in the private sector.
Growing the number of Emiratis in the workplace will help the UAE reduce dependence on overseas workers
The Cabinet in December last year, approved a national fund for Emirati jobseekers and guaranteed citizens working in the private sector a comparable pension
President Sheikh Khalifa has described Emiratisation as “a true measure for success”.
During the UAE’s 48th National Day, Sheikh Khalifa named education, entrepreneurship, Emiratisation and space travel among cornerstones of national development
More than 80 per cent of Emiratis work in the federal or local government as per 2017 statistics
The Emiratisation programme includes the creation of 20,000 new jobs for UAE citizens
UAE citizens will be given priority in managerial positions in the government sphere
The purpose is to raise the contribution of UAE nationals in the job market and create a diverse workforce of citizens
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5