Naomi Osaka got her French Open campaign up and running on Sunday with a straight sets win over Patricia Maria Tig, but the Japanese star's hopes of going much further in Paris could depend on her reversing her media boycott.
Osaka, the world No 2 and the biggest draw in women's tennis, announced in the lead-up to Roland Garros that she would not hold press conferences following her matches, citing the negative effects media interactions have had on her mental health.
So instead of Osaka's usual eloquent, engaging, and forthcoming thoughts on her matches, and indeed on wider and deeper subjects, fans will only hear cursory answers from generic on-court questions.
What was gleaned from her 6-4, 7-6 win over Romania's Tig was that Osaka's game on clay remains a "work in progress" and that she hopes to improve with more matches and as the tournament progresses.
"Hopefully the more I play, the better I will become," said the four-time Grand Slam champion on a sun-kissed Court Philippe Chatrier. "It's a beautiful court. I've only played two matches here, one before the roof and one now so hopefully I'll keep it going."
And that was that.
However, Osaka's continued refusal to engage with the press could prove more costly than just financial. She incurred a $15,000 fine for refusing to hold a press conference on Sunday – comparative peanuts for an athlete who made $55 million last year – but sanctions could extend to expulsion from the tournament.
"We have advised Naomi Osaka that should she continue to ignore her media obligations during the tournament, she would be exposing herself to possible further Code of Conduct infringement consequences," said a statement from the four Grand Slam tournaments.
"As might be expected, repeat violations attract tougher sanctions including default from the tournament."
Osaka has always been refreshingly open and honest. Fans will no doubt want to know if she believes she can replicate her hardcourt success from the US and Australian Opens on the Parisian clay. Or hear her latest stance on the Tokyo Olympics – she has previously expressed concern about the staging of the Games – with the opening ceremony fast approaching. Or any myriad topics on which the opinion of the world's top female athlete, and a leading social activist, holds weight.
Instead, for now at least, Osaka is letting her racquet do the talking.
While it started as a loud, booming roar as Osaka raced into a 5-2 lead behind her serve and dominant groundstrokes, it soon transformed into a casual natter, with the second seed doing just enough to get past world No 63 Tig.
Greater challenges are sure to await Osaka, who is yet to advance beyond the third round at the French Open, but it appears that her greatest battle in Paris will come off the court.
Thiem stunned in five-set epic
Soon after Osaka quietly advanced to the second round, Dominic Thiem was left stunned and speechless as the fourth seed let slip a two-set lead against Spanish veteran Pablo Andujar-Alba to crash out in the first round.
Thiem, a two-time finalist at Roland Garros, looked to be cruising into the second round when he led his world No 68 opponent 6-4, 7-5, but Andujar-Alba fought his way back to win the next two sets 6-3, 6-4.
The reigning US Open champion had lost his rhythm and as the errors continued to accumulate, Andujar-Alba grabbed the break in the first game of the decider. Thiem stopped the rot with an immediate break back and appeared to wrestle back the momentum, only for it to quickly disappear.
Andujar-Alba broke once again for 3-2 and held his nerve to seal a famous victory. It is the Spaniard's second significant win this month after beating Roger Federer at the Geneva Open in the Swiss great's first match back following a lengthy layoff.
"I am 35 years old and I don't know how much longer I am going to play, so this is very special," Andujar-Alba said. "I had to fight all the way to the very end."
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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.”
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
}Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
UAE currency: the story behind the money in your pockets
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
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More from Rashmee Roshan Lall
Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
Match info
Uefa Champions League Group C
Liverpool v Napoli, midnight
THE BIO
Mr Al Qassimi is 37 and lives in Dubai
He is a keen drummer and loves gardening
His favourite way to unwind is spending time with his two children and cooking
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