WIMBLEDON, England // Novak Djokovic, the world No 1, will begin the defence of his Wimbledon title on Monday against Juan Carlos Ferrero, the former No 1 and 2003 French Open champion.
Djokovic and Ferrero last played five years ago and have split two match-ups.
The draw on Friday also seeded Djokovic to meet the 2010 finalist Tomas Berdych in the quarter-finals then possibly six-time champion Roger Federer. That would be their sixth semi-final in the last eight Grand Slams. Djokovic leads them 4-1.
Federer opens against Albert Ramos of Spain.
The second-seeded Rafael Nadal and fourth-seeded Andy Murray are in the bottom half of the draw.
Nadal, the two-time champion, will meet Thomaz Bellucci of Brazil first, and Murray plays the former world No 3 Nikolay Davydenko.
On the women's side, Maria Sharapova, who is top seed for the first time, has a first-round match with Anastasia Rodionova of Australia, and the defending champ Petra Kvitova plays Akgul Amanmuradova of Uzbekistan.
Sharapova and Kvitova could meet in the final for a second straight year.
Also in separate halves of the draw were the sisters Venus and Serena Williams, who share nine Wimbledon titles and met each other in four finals.
Serena (No 6) is seeded to meet Kvitova (No 4) in the quarter-finals. Serena beat Kvitova in the semi-finals in 2010 en route to her fourth Wimbledon title and 13th, and last, major championship.
Venus, unseeded for the first time since her tournament debut in 1997 and struggling with an auto-immune disease, plays Elena Vesnina of Russia, then could run into No 3 Agnieszka Radwanska in the second round.
Kim Clijsters, unseeded and counting down to her retirement in September, was drawn against another former world No 1, Jelena Jankovic,
in the first round. Clijsters has been sidelined for most of the year with injuries and withdrew from the Unicef Open semi-finals in Holland on Friday with a strained stomach muscle.
Lleyton Hewitt, the champion 10 years ago who was entered on a wild card, will start against No 5 seed Jo-Wilfried Tsonga.
THE FACTS
Surface Grass
Site All England Lawn Tennis and Croquet Club
Schedule Play begins Monday. The women's singles final is July 7; the men's singles final is July 8
Defending men's champion Novak Djokovic
Defending women's champion Petra Kvitova
Prize money Total purse is US$25 million (Dh91.8m), with $1.8 million each to the men's and women's singles champions
THE DRAW
June 25-July 8
q-qualifier; wc-wild card; ll-lucky loser
Men
Novak Djokovic (1), Serbia, vs. Juan Carlos Ferrero, Spain
Ryan Harrison, United States, vs. Yen-hsun Lu, Taiwan
Benjamin Becker, Germany, vs. James Blake, United States
Sergiy Stakhovsky, Ukraine, vs. Radek Stepanek (28), Czech Republic
Marcel Granollers (24), Spain, vs. Viktor Troicki, Serbia
Martin Klizan, Slovakia, vs. Juan Ignacio Chela, Argentina
Jeremy Chardy, France, vs. Filippo Volandri, Italy
Leonardo Mayer, Argentina, vs. Juan Monaco (15), Argentina
Nicolas Almagro (12), Spain, vs. Olivier Rochus, Belgium
q-Guillaume Rufin, France, vs. Steve Darcis, Belgium
Carlos Berlocq, Argentina, vs. q-Ruben Bemelmans, Belgium
Tobias Kamke, Germany, vs. Richard Gasquet (18), France
Florian Mayer (31), Germany, vs. Dmitry Tursunov, Russia
Philipp Petzschner, Germany, vs. Blaz Kavcic, Slovenia
q-Simone Bolelli, Italy, vs. q-Jerzy Janowicz, Poland
Ernests Gulbis, Latvia, vs. Tomas Berdych (6), Czech Republic
Roger Federer (3), Switzerland, vs. Albert Ramos, Spain
Fabio Fognini, Italy, vs. Michael Llodra, France
q-Adrian Menendez-Maceiras, Spain, vs. q-Michael Russell, United States
Gilles Muller, Luxembourg, vs. Julien Benneteau (29), France
Fernando Verdasco (17), Spain, vs. q-Jimmy Wang, Taiwan
wc-Grega Zemlja, Slovenia, vs. wc-Josh Goodall, Britain
Xavier Malisse, Belgium, vs. Marinko Matosevic, Australia
Paul-Henri Mathieu, France, vs. Gilles Simon (13), France
John Isner (11), United States, vs. Alejandro Falla, Colombia
Paolo Lorenzi, Italy, vs. Nicolas Mahut, France
Igor Andreev, Russia, vs. wc-Oliver Golding, Britain-
Denis Istomin, Uzbekistan, vs. Andreas Seppi (23), Italy
Mikhail Youzhny (26), Russia, vs. Donald Young, United States
q-Inigo Cervantes, Spain, vs. Flavio Cipolla, Italy
q-Ryan Sweeting, United States, vs. Potito Starace, Italy
David Nalbandian, Argentina, vs. Janko Tipsarevic (8), Serbia
David Ferrer (7), Spain, vs. q-Dustin Brown, Germany
q-Kenny de Schepper, France, vs. Matthias Bachinger, Germany
ll-Wayne Odesnik, United States, vs. Bjorn Phau, Germany
wc-Jamie Baker, Britain, vs. Andy Roddick (30), United States
Kei Nishikori (19), Japan, vs. Mikhail Kukushkin, Kazakhstan
q-Andrey Kuznetsov, Russia, vs. q-Florent Serra, France
Go Soeda, Japan, vs. Igor Kunitsyn, Russia
Robin Haase, Netherlands, vs. Juan Martin del Potro (9), Argentina
Marin Cilic (16), Croatia, vs. Cedrik-Marcel Stebe, Germany
Tatsuma Ito, Japan, vs. Lukasz Kubot, Poland
Vasek Pospisil, Canada, vs. Sam Querrey, United States
Santiago Giraldo, Colombia, vs. Milos Raonic (21), Canada
Kevin Anderson (32), South Africa, vs. Grigor Dimitrov, Bulgaria
Albert Montanes, Spain, vs. Marcos Baghdatis, Cyprus
Ivo Karlovic, Croatia, vs. Dudi Sela, Israel
Nikolay Davydenko, Russia, vs. Andy Murray (4), Britain
Jo-Wilfried Tsonga (5), France, vs. wc-Lleyton Hewitt, Australia
Edouard Roger-Vasselin, France, vs. Guillermo Garcia-Lopez, Spain
Lukas Lacko, Slovakia, vs. Adrian Ungur, Romania
Jurgen Melzer, Austria, vs. Stanislas Wawrinka (25), Switzerland
Bernard Tomic (20), Australia, vs. wc-David Goffin, Belgium
q-Jesse Levine, United States, vs. Karol Beck, Slovakia
wc-James Ward, Britain, vs. Pablo Andujar, Spain
Ruben Ramirez Hidalgo, Spain, vs. Mardy Fish (10), United States
Feliciano Lopez (14), Spain, vs. Jarkko Nieminen, Finland
q-Brian Baker, United States, vs. Rui Machado, Portugal
Matthew Ebden, Australia, vs. Benoit Paire, France
Alex Bogomolov Jr., Russia, vs. Alexandr Dolgopolov (22), Ukraine
Philipp Kohlschreiber (27), Germany, vs. wc-Tommy Haas, Germany
q-Jurgen Zopp, Estonia, vs. Malek Jaziri, Tunisia
Lukas Rosol, Czech Republic, vs. Ivan Dodig, Croatia
Thomaz Bellucci, Brazil, vs. Rafael Nadal (2), Spain
Women
Maria Sharapova (1), Russia, vs. Anastasia Rodionova, Australia
q-Vesna Dolonc, Serbia, vs. Tsvetana Pironkova, Bulgaria
Hsieh Su-wei, Taiwan, vs. wc-Virginie Razzano, France
Stephanie Foretz Gacon, France, vs. Monica Niculescu (29), Romania
Petra Cetkovska (23), Czech Republic, vs. Vania King, United States
Sloane Stephens, United States, vs. q-Karolina Pliskova, Czech Republic
Bojana Jovanovski, Serbia, vs. Eleni Daniilidou, Greece
Petra Martic, Croatia, vs. Sabine Lisicki (15), Germany
Vera Zvonareva (12), Russia, vs. Mona Barthel, Germany
Edina Gallovits-Hall, Romania, vs. Silvia Soler-Espinosa, Spain
Chang Kai-chen, Taiwan, vs. Andrea Hlavackova, Czech Republic
Kim Clijsters, Belgium, vs. Jelena Jankovic (18), Serbia
Christina McHale (28), United States, vs. wc-Johanna Konta, Britain
Lesia Tsurenko, Ukraine, vs. Mathilde Johansson, France
Ekaterina Makarova, Russia, vs. Alberta Brianti, Italy
Lucie Hradecka, Czech Republic, vs. Angelique Kerber (8), Germany
Agnieszka Radwanska (3), Poland, vs. Magdalena Rybarikova, Slovakia
Venus Williams, United States, vs. Elena Vesnina, Russia
Iveta Benesova, Czech Republic, vs. Heather Watson, Britain
Jamie Lee Hampton, United States, vs. Daniela Hantuchova (27), Slovakia
Nadia Petrova (20), Russia, vs. q-Maria Elena Camerin, Italy
Timea Babos, Hungary, vs. wc-Melanie Oudin, United States
Tamarine Tanasugarn, Thailand, vs. Anna Tatishvili, Georgia
q-Camila Giorgi, Italy, vs. Flavia Pennetta (16), Italy
Li Na (11), China, vs. Ksenia Pervak, Kazakhstan
Sorana Cirstea, Romania, vs. Pauline Parmentier, France
wc-Naomi Broady, Britain, vs. Lourdes Dominguez Lino, Spain
Alexandra Cadantu, Romania, vs. Maria Kirilenko (17), Russia
Peng Shuai (30), China, vs. q-Sandra Zaniewska, Poland
Jarmila Gajdosova, Australia, vs. Ayumi Morita, Japan
Arantxa Rus, Netherlands, vs. ll-Misaki Doi, Japan
Carla Suarez Navarro, Spain, vs. Sam Stosur (5), Australia
Serena Williams (6), United States, vs. Barbora Zahlavova Strycova, Czech Republic
Johanna Larsson, Sweden, vs. q-Melinda Czink, Hungary
Vera Dushevina, Russia, vs. Aleksandra Wozniak, Canada
Stephanie Dubois, Canada, vs. Zheng Jie (25), China
Lucie Safarova (19), Czech Republic, vs. Kiki Bertens, Netherlands
Chanelle Scheepers, South Africa, vs. wc-Yaroslava Shvedova, Kazakhstan
Laura Pous-Tio, Spain, vs. Anne Keothavong, Britain
q-CoCo Vandeweghe, United States, vs. Sara Errani (10), Italy
Dominika Cibulkova (13), Slovakia, vs. Klara Zakopalova, Czech Republic
Olga Govortsova, Belarus, vs. q-Annika Beck, Germany
Polona Hercog, Slovenia, vs. q-Kristyna Pliskova, Czech Republic
wc-Laura Robson, Britain, vs. Francesca Schiavone (24), Italy
Anastasia Pavlyuchenkova (31), Russia, vs. Sofia Arvidsson, Sweden
Patricia Mayr-Achleitner, Austria, vs. Varvara Lepchenko, United States
Elena Baltacha, Britain, vs. Karin Knapp, Italy
Akgul Amanmuradova, Uzbekistan, vs. Petra Kvitova (4), Czech Republic
Caroline Wozniacki (7), Denmark, vs. Tamira Paszek, Austria
Alize Cornet, France, vs. Nina Bratchikova, Russia
Greta Arn, Hungary, vs. Galina Voskoboeva, Kazakhstan---- Yanina Wickmayer, Belgium, vs. Svetlana Kuznetsova (32), Russia
Roberta Vinci (21), Italy, vs. wc-Ashleigh Barty, Australia
Urszula Radwanska, Poland, vs. Marina Erakovic, New Zealand
q-Mirjana Lucic, Croatia, vs. Alexandra Panova, Russia
Casey Dellacqua, Australia, vs. Marion Bartoli (9), France
Ana Ivanovic (14), Serbia, vs. Maria Jose Martinez Sanchez, Spain
Kimiko Date-Krumm, Japan, vs. Kateryna Bondarenko, Ukraine
Anastasiya Yakimova, Belarus, vs. Mandy Minella, Luxembourg
Shahar Peer, Israel, vs. Julia Goerges (22), Germany
Anabel Medina Garrigues (26), Spain, vs. Simona Halep, Romania
q-Jana Cepelova, Slovakia, vs. q-Kristina Mladenovic, France
Irina-Camelia Begu, Romania, vs. Romina Oprandi, Switzerland
Irina Falconi, United States, vs. Victoria Azarenka (2), Belarus
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UAE currency: the story behind the money in your pockets
In Search of Mary Shelley: The Girl Who Wrote Frankenstein
By Fiona Sampson
Profile
Neil Thomson – THE BIO
Family: I am happily married to my wife Liz and we have two children together.
Favourite music: Rock music. I started at a young age due to my father’s influence. He played in an Indian rock band The Flintstones who were once asked by Apple Records to fly over to England to perform there.
Favourite book: I constantly find myself reading The Bible.
Favourite film: The Greatest Showman.
Favourite holiday destination: I love visiting Melbourne as I have family there and it’s a wonderful place. New York at Christmas is also magical.
Favourite food: I went to boarding school so I like any cuisine really.
UAE currency: the story behind the money in your pockets
One in four Americans don't plan to retire
Nearly a quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals' retirement plans and the realities of ageing in the workforce.
Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they'd like.
According to the poll from The Associated Press-NORC Centre for Public Affairs Research, 23 per cent of workers, including nearly two in 10 of those over 50, don't expect to stop working. Roughly another quarter of Americans say they will continue working beyond their 65th birthday.
According to government data, about one in five people 65 and older was working or actively looking for a job in June. The study surveyed 1,423 adults in February this year.
For many, money has a lot to do with the decision to keep working.
"The average retirement age that we see in the data has gone up a little bit, but it hasn't gone up that much," says Anqi Chen, assistant director of savings research at the Centre for Retirement Research at Boston College. "So people have to live in retirement much longer, and they may not have enough assets to support themselves in retirement."
When asked how financially comfortable they feel about retirement, 14 per cent of Americans under the age of 50 and 29 per cent over 50 say they feel extremely or very prepared, according to the poll. About another four in 10 older adults say they do feel somewhat prepared, while just about one-third feel unprepared.
"One of the things about thinking about never retiring is that you didn't save a whole lot of money," says Ronni Bennett, 78, who was pushed out of her job as a New York City-based website editor at 63.
She searched for work in the immediate aftermath of her layoff, a process she describes as akin to "banging my head against a wall." Finding Manhattan too expensive without a steady stream of income, she eventually moved to Portland, Maine. A few years later, she moved again, to Lake Oswego, Oregon. "Sometimes I fantasise that if I win the lottery, I'd go back to New York," says Ms Bennett.
Aquaman%20and%20the%20Lost%20Kingdom
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20James%20Wan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Jason%20Mamoa%2C%20Patrick%20Wilson%2C%20Amber%20Heard%2C%20Yahya%20Abdul-Mateen%20II%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
EXPATS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lulu%20Wang%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nicole%20Kidman%2C%20Sarayu%20Blue%2C%20Ji-young%20Yoo%2C%20Brian%20Tee%2C%20Jack%20Huston%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Dengue%20fever%20symptoms
%3Cp%3EHigh%20fever%20(40%C2%B0C%2F104%C2%B0F)%3Cbr%3ESevere%20headache%3Cbr%3EPain%20behind%20the%20eyes%3Cbr%3EMuscle%20and%20joint%20pains%3Cbr%3ENausea%3Cbr%3EVomiting%3Cbr%3ESwollen%20glands%3Cbr%3ERash%26nbsp%3B%3C%2Fp%3E%0A
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
SNAPSHOT
While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.
A German university was a good fit for the family budget
Annual fees for the Technical University of Munich - £600
Shared rental accommodation per month depending on the location ranges between £200-600
The family had budgeted for food, books, travel, living expenses - £20,000 annually
Overall costs in Germany are lower than the family estimated
As proof that the student has the ability to take care of expenses, international students must open a blocked account with about £8,640
Students are permitted to withdraw £720 per month
CONFIRMED%20LINE-UP
%3Cp%3EElena%20Rybakina%20(Kazakhstan)%0D%3Cbr%3EOns%20Jabeur%20(Tunisia)%0D%3Cbr%3EMaria%20Sakkari%20(Greece)%0D%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%0D%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%0D%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%0D%3Cbr%3ELiudmila%20Samsonova%0D%3Cbr%3EDaria%20Kasatkina%E2%80%AF%0D%3Cbr%3EVeronika%20Kudermetova%E2%80%AF%0D%3Cbr%3ECaroline%20Garcia%20(France)%E2%80%AF%0D%3Cbr%3EMagda%20Linette%20(Poland)%E2%80%AF%0D%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%E2%80%AF%0D%3Cbr%3EAnastasia%20Potapova%E2%80%AF%0D%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%E2%80%AF%E2%80%AF%0D%3Cbr%3EJasmine%20Paolini%20(Italy)%E2%80%AF%0D%3Cbr%3EEmma%20Navarro%20(USA)%E2%80%AF%0D%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%0D%3Cbr%3ENaomi%20Osaka%20(Japan)%20-%20wildcard%0D%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20-%20wildcard%3Cbr%3EAlexandra%20Eala%20(Philippines)%20-%20wildcard%3C%2Fp%3E%0A
The specs: 2018 Renault Koleos
Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km
The%20Woman%20King%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Gina%20Prince-Bythewood%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Viola%20Davis%2C%20Thuso%20Mbedu%2C%20Sheila%20Atim%2C%20Lashana%20Lynch%2C%20John%20Boyega%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
List of alleged parties
May 15 2020: PM and Carrie attend 'work meeting' with at
least 17 staff members
May 20 2020: PM and Carrie attend 'bring your own booze'
party
Nov 27 2020: PM gives speech at leaving do for his staff
Dec 10 2020: Staff party held by then-education secretary
Gavin Williamson
Dec 13 2020: PM and Carrie throw a flat party
Dec 14 2020: London mayor candidate Shaun Bailey holds staff party at Conservative
Party headquarters
Dec 15 2020: PM takes part in a staff quiz
Dec 18 2020: Downing Street Christmas party
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
Results
7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)
7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash
8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel
8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel
9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel
9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar
10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri
About Tenderd
Started: May 2018
Founder: Arjun Mohan
Based: Dubai
Size: 23 employees
Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital
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.”
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
About Seez
Company name/date started: Seez, set up in September 2015 and the app was released in August 2017
Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer
Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon
Sector: Search engine for car buying, selling and leasing
Size: (employees/revenue): 11; undisclosed
Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A
Investors: Wamda Capital, B&Y and Phoenician Funds
Profile
Company name: Marefa Digital
Based: Dubai Multi Commodities Centre
Number of employees: seven
Sector: e-learning
Funding stage: Pre-seed funding of Dh1.5m in 2017 and an initial seed round of Dh2m in 2019
Investors: Friends and family
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
MATCH INFO
Fulham 0
Aston Villa 3 (Grealish 4', Hourihane 15', Mings 48')
Man of the match: Jack Grealish (Aston Villa)
MATCH INFO
England 2
Cahill (3'), Kane (39')
Nigeria 1
Iwobi (47')
MATCH INFO
Asian Champions League, last 16, first leg:
Al Jazira 3 Persepolis 2
Second leg:
Monday, Azizi Stadium, Tehran. Kick off 7pm
UAE currency: the story behind the money in your pockets
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
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Company Profile
Name: JustClean
Based: Kuwait with offices in other GCC countries
Launch year: 2016
Number of employees: 130
Sector: online laundry service
Funding: $12.9m from Kuwait-based Faith Capital Holding
THE BIO
Favourite book: ‘Purpose Driven Life’ by Rick Warren
Favourite travel destination: Switzerland
Hobbies: Travelling and following motivational speeches and speakers
Favourite place in UAE: Dubai Museum
Babumoshai Bandookbaaz
Director: Kushan Nandy
Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami
Three stars
RACE SCHEDULE
All times UAE ( 4 GMT)
Friday, September 29
First practice: 7am - 8.30am
Second practice: 11am - 12.30pm
Saturday, September 30
Qualifying: 1pm - 2pm
Sunday, October 1
Race: 11am - 1pm
Sugary teas and iced coffees
The tax authority is yet to release a list of the taxed products, but it appears likely that sugary iced teas and cold coffees will be hit.
For instance, the non-fizzy drink AriZona Iced Tea contains 65 grams of sugar – about 16 teaspoons – per 680ml can. The average can costs about Dh6, which would rise to Dh9.
Cold coffee brands are likely to be hit too. Drinks such as Starbucks Bottled Mocha Frappuccino contain 31g of sugar in 270ml, while Nescafe Mocha in a can contains 15.6g of sugar in a 240ml can.
Scores
Oman 109-3 in 18.4 overs (Aqib Ilyas 45 not out, Aamir Kaleem 27) beat UAE 108-9 in 20 overs (Usman 27, Mustafa 24, Fayyaz 3-16, Bilal 3-23)
Results
6.30pm: Maiden Dh165,000 (Dirt) 1,400m. Winner: Rio Angie, Pat Dobbs (jockey), Doug Watson (trainer).
7.05pm: Handicap Dh170,000 (D) 1,600m. Winner: Trenchard, Pat Dobbs, Doug Watson.
7.40pm: Maiden Dh165,000 (D) 1,600m. Winner: Mulfit, Pat Dobbs, Doug Watson.
8.15pm: Handicap Dh210,000 (D) 1,200m. Winner: Waady, Dane O’Neill, Doug Watson.
8.50pm: Handicap Dh210,000 (D) 2,000m. Winner: Tried And True, Pat Dobbs, Doug Watson.
9.25pm:Handicap Dh185,000 (D) 1,400m. Winner: Midnight Sands, Pat Dobbs, Doug Watson.
AS IT STANDS IN POOL A
1. Japan - Played 3, Won 3, Points 14
2. Ireland - Played 3, Won 2, Lost 1, Points 11
3. Scotland - Played 2, Won 1, Lost 1, Points 5
Remaining fixtures
Scotland v Russia – Wednesday, 11.15am
Ireland v Samoa – Saturday, 2.45pm
Japan v Scotland – Sunday, 2.45pm
MATCH INFO
Scotland 59 (Tries: Hastings (2), G Horne (3), Turner, Seymour, Barclay, Kinghorn, McInally; Cons: Hastings 8)
Russia 0
Fight card
Bantamweight
Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)
Lightweight
Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)
Catch 74kg
Tohir Zhuraev (TJK) v Omar Hussein (JOR)
Strawweight (Female)
Weronika Zygmunt (POL) v Seo Ye-dam (KOR)
Featherweight
Kaan Ofli (TUR) v Walid Laidi (ALG)
Lightweight
Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)
Welterweight
Ahmad Labban (LEB) v Sofiane Benchohra (ALG)
Bantamweight
Jaures Dea (CAM) v Nawras Abzakh (JOR)
Lightweight
Mohammed Yahya (UAE) v Glen Ranillo (PHI)
Lightweight
Alan Omer (GER) v Aidan Aguilera (AUS)
Welterweight
Mounir Lazzez (TUN) Sasha Palatnikov (HKG)
Featherweight title bout
Romando Dy (PHI) v Lee Do-gyeom (KOR)
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
The Specs
Engine 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp (542bhp in GTS model)
Torque: 730Nm
Price: Dh649,000 (Dh549,000 for GTS)
MATCH INFO
Manchester United v Brighton, Sunday, 6pm UAE
MATCH INFO
Rugby World Cup (all times UAE)
Final: England v South Africa, Saturday, 1pm
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More coverage from the Future Forum
SCORES
Multiply Titans 81-2 in 12.1 overs
(Tony de Zorzi, 34)
bt Auckland Aces 80 all out in 16 overs
(Shawn von Borg 4-15, Alfred Mothoa 2-11, Tshepo Moreki 2-16).
RACECARD
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