Belgium's Kim Clijsters plays a backhand against Stephanie Foretz Gacon of France.
Belgium's Kim Clijsters plays a backhand against Stephanie Foretz Gacon of France.
Belgium's Kim Clijsters plays a backhand against Stephanie Foretz Gacon of France.
Belgium's Kim Clijsters plays a backhand against Stephanie Foretz Gacon of France.

Clijsters and Wozniacki through as Nadal has it easy


  • English
  • Arabic

MELBOURNE // Rafael Nadal and Roger Federer continued their march ahead at the Australian Open in contrasting fashions today, and so did Kim Clijsters and Caroline Wozniacki in the women's singles while Mardy Fish, the highest-ranked American was the biggest casualty.

While Nadal, the world No 2, had no problems dispatching Germany's Tommy Haas, Federer was given a free ride into the third round after German Andreas Beck withdrew with injury.

The Swiss, seeded third, was due to play lefthander Beck on Hisense Arena but the 25 year old was forced to pull out with a lower back problem.

Nadal's knee is fine: Nadal, a 10-time grand slam champion, won 6-4, 6-3, 6-4 in 2hr 29min against Haas, a three-time semi-finalist in Melbourne.

The 2009 winner gave a reminder of his past glories with some great shot-making, particularly with his trademark one-handed backhand, and showed no signs of discomfort after an injury scare with the right knee.

"He's [Haas] a fantastic player and he's had a lot of injuries over the last couple of years and it's great to see him back," Nadal said.

Nadal, who again played with his knee heavily bandaged, said he was happy with the knee's progress. "It's much better and I'm happy with how the knee is improving and I played today without any problems," he said.

The women's defending champion, Clijsters needed only 47 minutes to beat Stephanie Foretz Gacon of France 6-0, 6-1, then showed just how much support she has at Rod Laver Arena by getting the crowd to sing 'Happy Birthday' to her younger sister.

The top-ranked Wozniacki seemed to be on the same trajectory, but had to battle to beat Anna Tatishvili of Georgia in the second set, recovering two service breaks and saving a set point en route to a 6-1, 7-6 (4) win.

She needs to reach the quarter-finals to have a chance of retaining the top ranking she held for all but one week in 2011. That is also the stage when she could come across Clijsters.

The No 11-seeded Belgian showed no signs of a hip problem that forced her to retire during a semi-final against Daniela Hantuchova at a warm-up tournament two weeks ago.

She will meet Hantuchova in the next round here, and has a potential rematch of the 2011 Australian Open final with French Open champion Li Na in the fourth round.

Among the upsets, 10th-seeded Francesca Schiavone was eliminated 6-4, 6-3 by fellow Italian Romina Oprandi and Peng Shuai (No 16) lost 6-2, 6-4 to Iveta Benesova of Czech Republic.

Fish says foul: Eighth-ranked Fish became the first top 10 player on the men's side to lose, falling 7-6 (4), 6-3, 7-6 (6) to Colombia's Alejandro Falla. But the American claimed later Falla's frequent stoppages to treat leg cramps was not fair practice.

"I see that guy's called the trainer three, four times, however many times he was out there," Fish said. "It's hot and I'm down two sets to love and I'm looking for anything to sort of gain the momentum a little bit."

"I thought he was having some physical issues. But then in between on every point he was totally fine."

"I'm not feeling great, either. It was three hours and it's pretty hot out. It is what it is."

World No 7 Tomas Berdych triumphed 6-1, 6-0, 7-6 (4) over Olivier Rochus of Belgium, while the 2009 US Open champion Juan Martin del Potro, Feliciano Lopez (No 18) and Kevin Anderson (No 30) all advanced.

Meanwhile Federer said his opponent had told him of the problem in the locker room.

"He said, 'I'm not so good actually. I have a bad back'," Federer told reporters. "It came as a surprise. He said he had a lot painkillers and pain during the last match. I think it happened four, five days ago.

Federer, targeting a fifth Australian Open title at Melbourne Park, will meet either Croatia's Ivo Karlovic or Argentine Carlos Berlocq in the third round.

The withdrawal spared Federer a first match away from Rod Laver Arena since he met Jeff Morrison in the second round in 2004.

More controversy: David Nalbandian was left fuming at the chair umpire after he over-ruled a call and denied him a Hawk-eye challenge towards the end of his marathon 4-6, 6-3, 2-6, 7-6, 10-8 loss to American John Isner.

With Nalbandian holding a break-point at 8-8 in the decider, umpire Kader Nouni over-ruled a first serve by Isner as an ace after it was called a fault.

The Argentine walked up to inspect the mark where the ball had bounced and demanded a challenge, but was denied by Nouni who ruled he had not made it quickly enough.

There is no time set that players are bound by to mount challenges and it is up to the umpire's discretion.

A non-plussed Nalbandian remonstrated with Nouni for some minutes, before he grudgingly returned to the baseline with the score at deuce.

Isner held serve to lead 9-8 and subsequently broke his opponent in the next game to seal the four-hour and 41-minute match.

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.”

Pots for the Asian Qualifiers

Pot 1: Iran, Japan, South Korea, Australia, Qatar, United Arab Emirates, Saudi Arabia, China
Pot 2: Iraq, Uzbekistan, Syria, Oman, Lebanon, Kyrgyz Republic, Vietnam, Jordan
Pot 3: Palestine, India, Bahrain, Thailand, Tajikistan, North Korea, Chinese Taipei, Philippines
Pot 4: Turkmenistan, Myanmar, Hong Kong, Yemen, Afghanistan, Maldives, Kuwait, Malaysia
Pot 5: Indonesia, Singapore, Nepal, Cambodia, Bangladesh, Mongolia, Guam, Macau/Sri Lanka

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WonderTree%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20April%202016%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Muhammad%20Waqas%20and%20Muhammad%20Usman%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Karachi%2C%20Pakistan%2C%20Abu%20Dhabi%2C%20UAE%2C%20and%20Delaware%2C%20US%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Special%20education%2C%20education%20technology%2C%20assistive%20technology%2C%20augmented%20reality%3Cbr%3EN%3Cstrong%3Eumber%20of%20staff%3A%20%3C%2Fstrong%3E16%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EGrowth%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Grants%20from%20the%20Lego%20Foundation%2C%20UAE's%20Anjal%20Z%2C%20Unicef%2C%20Pakistan's%20Ignite%20National%20Technology%20Fund%3C%2Fp%3E%0A

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million