Roger Federer is hoping his Australian Open preparations go smoothly, unlike last year.
Roger Federer is hoping his Australian Open preparations go smoothly, unlike last year.
Roger Federer is hoping his Australian Open preparations go smoothly, unlike last year.
Roger Federer is hoping his Australian Open preparations go smoothly, unlike last year.

Federer is fitter and raring to go


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MELBOURNE // A year after withdrawing from the Kooyong Classic with a mystery virus, the world No 2 Roger Federer returned yesterday and declared himself fit and ready to finalise his Australian Open preparations. Federer was forced out of the invitational eight-man field at the Kooyong Club in suburban Melbourne last January with what later transpired to be glandular fever, an illness that affected his form for much of the first half of last year.

He was beaten in the semi-finals of the Australian Open to the eventual champion Novak Djokovic and then lost the No 1 world ranking that he had held for a record 237 weeks to the Spaniard Rafael Nadal last August. A back injury in the second half of the year also restricted his performances but he still managed to win his fifth successive US Open at Flushing Meadows. "I'm feeling really good," Federer, 27, said when asked about his health. "I was feeling quite bad here last year, which is why I couldn't play.

"It's why I'm really happy to be part of it this year. It's a great tournament and I love playing here because it is great preparation for me for the Australian Open." Federer, who plays Spain's Carlos Moya in the second match of today's opening day, said the beauty of the Kooyong event was that players were guaranteed three competitive matches ahead of next week's Australian Open. The Swiss, who arrived in Australia over the weekend after losing to Andy Murray in the semi-finals in of the Qatar Exxon Mobil Open in Doha, ridiculed those who tipped the Scotsman to win the Australian Open, from Jan 19-Feb 1.

Federer will equal the record 14 Grand Slam titles won by Pete Sampras if he wins his fourth Australian Open final and was surprised to hear Murray was the tournament favourite. "It doesn't help him a whole lot," Federer said. "I've been in that position before as well and didn't make it." He said Murray, 21, was a contender due to his form and No 4 ranking, but winning a grand slam was not that easy.

Federer and Nadal have won 14 of the last 15 grand slam titles between them, with only the No 3-ranked Novak Djokovic breaking the sequence when he won the last Australian title. "He's [Murray] put himself in a great position. He started off well, going well in Doha. He finished strong last year." But Federer added: "He's never won a slam. Novak is the defending champion here. Rafa had an incredible season last year. I won the last slam of last season. It's surprising to hear [that Murray is favourite]."

Murray's record in Australia is two first-round losses either side of a fourth-round loss in 2007. He won five ATP tour titles in 2008, second only to Nadal's eight, and is 5-2 against Federer, including three wins since the US Open final. "He's shown for a year now he's knocking on the door, trying to make his move," Federer said. "Sure, he's put himself in a position, but winning a Grand Slam is a different animal.

"Not many guys have been able to win a grand slam in the last few years. Rafa and me took a lot of them, Novak won here last year. They don't come easily." Meanwhile, in the men's second round ties played today at Sydney International, the Australian Lleyton Hewitt beat Julien Benneteau of France 5-7, 6-2, 6-4. The Serb Janko Tipsarevic beat the American Mardy Fish 6-4, 3-6, 6-4. The Frenchman Paul-Henri Mathieu also beat the Italian Andreas Seppi 6-2, 2-6, 6-3.

In the women's singles, Alize Cornet of France beat the Russian Alisa Kleybanova, 7-6, 6-1. The fifth seed Svetlana Kuznetsova of Russia beat Kaia Kanepi of Estonia 6-2, 2-6, 7-6. Ai Sugiyama of Japan beat Anabel Medina Garrigues of Spain 2-6, 6-1, 6-2. The top seed Serena Williams had a 6-1, 6-2 victory over Sara Errani of Italy, the second seed Dinara Safina of Russian beat her compatriate Vera Dushevina 6-3, 6-0 and Agnieszka Radwanska of Poland, who is seeded sixth, beat Daniela Hantuchova of Slovakia 6-3, 7-5.

The third seed Elena Dementieva of Russia beat Jarmila Gajdosova of Slovakia 6-2, 6-4. The Dane Caroline Wozniacki beat the British player Melanie South 6-2, 6-0. * With agencies

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Company%20profile
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How it works

A $10 hand-powered LED light and battery bank

Device is operated by hand cranking it at any time during the day or night 

The charge is stored inside a battery

The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode

A full hand wound charge is of 16.5minutes 

This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode

When more light is needed, it can be recharged by winding again

The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge

No limit on how many times you can charge

 

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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.”

Chelsea 2 Burnley 3
Chelsea
 Morata (69'), Luiz (88')
Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)

Our legal consultants

Name: Hassan Mohsen Elhais

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

The%C2%A0specs%20
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The specs

Engine: 3.0-litre six-cylinder MHEV

Power: 360bhp

Torque: 500Nm

Transmission: eight-speed automatic

Price: from Dh282,870

On sale: now

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

If you go

Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.

Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com

A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com

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