Kei Nishikori believes his strong showing at the ATP World Tour Finals will provide the perfect springboard to win his first grand slam crown next year.
Nishikori enjoyed a breakthrough campaign in 2014 as the Japanese star reached his maiden grand slam final at the US Open and became the first Asian singles player to qualify for the prestigious season-ending Tour Finals after climbing to fifth in the world rankings.
The 24-year-old, beaten by Marin Cilic in the final in New York, used the Tour Finals spotlight to prove once again he can compete with the very best as he made the semi-finals thanks to wins over Andy Murray and David Ferrer.
Although his campaign ended with a 6-1, 3-6, 6-0 defeat against Novak Djokovic in the last four on Saturday, even that was an encouraging experience for Nishikori, who was closer to victory than the scoreline suggested after becoming the first player to take a set off the world No 1 since October.
Now Nishikori will embark on a rigorous off-season training schedule motivated by the growing belief he can make a significant challenge for the first major of 2015 at the Australian Open in January.
“It was one of the best years for me. For sure I have to do well this off-season. I have to train well and be injury-free again,” Nishikori said.
“I think I will have a lot of chance in the big tournaments, especially grand slams. Hopefully I can come back to a final again.
“I love to play the Australian Open, so hopefully I can have good start of the year there.”
Nishikori’s rise to his career-high top five included winning four ATP titles in six final appearances.
Now he has set his sights on emulating the consistency of Djokovic, Rafael Nadal and Roger Federer, who have all set up camp at the top of the rankings for a decade or more.
“It’s really amazing. Novak, Rafa, Roger, they win grand slams a couple of times a year,” Nishikori said.
“I had so much stress and pressure in US Open playing seven matches. I can’t imagine how they handle the pressure and everything through the whole year.
“It’s not like I can make it to grand slam semi-finals and finals easily. It’s no promise.
“I need a little more experience to get there. But I think also you get more motivation when you get a higher ranking.”
Although Nishikori knows he isn’t quite at the level of the Big Three just yet, he is confident matches like Saturday’s against Djokovic show he isn’t far away.
“For sure it’s really tough to play these three players. They are very consistent from the baseline,” he added.
“Like you saw today, even though he lost the second set, he was still focused. He knows what he has to do to win.
“For sure they have a little more experience. It’s always tough to play them.
“But I think I’m getting really close. I beat Roger this year and also Novak. It’s not like I can’t beat them.”
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Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
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The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
COMPANY%20PROFILE
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
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.”
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
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