Borna Coric of Croatia has game skills that are being compared to men's world No 1 Novak Djokovic. Jared C Tilton / Getty Images
Borna Coric of Croatia has game skills that are being compared to men's world No 1 Novak Djokovic. Jared C Tilton / Getty Images
Borna Coric of Croatia has game skills that are being compared to men's world No 1 Novak Djokovic. Jared C Tilton / Getty Images
Borna Coric of Croatia has game skills that are being compared to men's world No 1 Novak Djokovic. Jared C Tilton / Getty Images

Out-of-the-ordinary Borna Coric has Rafael Nadal in his sights at US Open


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When Borna Coric decided to invest in a tattoo on his right bicep, his mother condemned his teenage impulse as “stupid”.

But should the highly-rated teenager defeat Rafael Nadal for the second time in under a year at the US Open on Monday, Mrs Coric might just agree with her son’s choice of inked words: “There is nothing worse in life than being ordinary”.

Coric, the second-youngest player in the top 100, was ranked outside the world 300 at the end of 2014. Now the 18-year-old Croatian heads for the season’s final grand-slam event at Flushing Meadows ranked 35th and poised to hand two-time champion Nadal yet another reason to wish for 2015 to end quickly.

Coric has already enjoyed success in New York, winning the junior tournament in 2013.

In the senior ranks, he defeated Nadal at Basel in October in what proved to be the Spaniard’s last match of 2014 before he shut down his season to have his appendix removed.

It was not a fluke result as Coric then swept past Andy Murray on his way to the Dubai semi-finals in February, where it took Roger Federer to stop him.

Coric’s rise up the rankings has also caught the eye of world No 1 Novak Djokovic, who invited him to train with him in the winter.

John McEnroe, the seven-time major winner, predicted Coric would be in the world top 10 within three years.

“I’m happy that I have that kind of pressure and all the people expecting from me,” Coric said.

“And, obviously, it is pressure, you know? But there is going to be (pressure) for the next 10 or 15 years, so I need to deal with it and just take it as an advantage.”

Earlier this year, Coric hired former Australian Open winner Thomas Johansson as his coach.

Former-Wimbledon champion and compatriot Goran Ivanisevic acted as his mentor in his early days.

“Borna is going to be very, very good,” Ivanisevic told atpworldtour.com.

“He is very strong mentally for his age. He is fast. Probably the player he is most similar to in style is Djokovic. Big occasions do not worry him.”

Coric made the second round in New York 12 months ago after coming through qualifying.

At the French Open this year, he enjoyed his best run at a grand slam, reaching the third round and seeing off experienced players such as Sam Querrey and Tommy Robredo along the way.

He made the second round at Wimbledon, playing two five-setters against Sergi Stakhovsky and Italy’s Andreas Seppi.

Victory over 14-time major winner Nadal tomorrow would be comfortably his biggest win, and it is not the mission impossible it may have seemed two years ago when the Spaniard captured his second US Open.

Nadal is enduring his worst slump in a decade after being dethroned as French Open champion and seeing his ranking slip to 10th, his lowest since 2005.

But win or lose, Coric knows time is on his side – time to gather even more tattoos.

“I like the tattoos, so I said, ‘Why not? I’m 18 now so I can do whatever I want,’” he said.

So what did his mother say when she saw it?

“That I’m stupid.”

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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

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

DEADPOOL & WOLVERINE

Starring: Ryan Reynolds, Hugh Jackman, Emma Corrin

Director: Shawn Levy

Rating: 3/5

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates

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.”

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Rainbow

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Transmission: 6-speed auto

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On sale: now

The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

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 three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

Tickets

Tickets start at Dh100 for adults, while children can enter free on the opening day. For more information, visit www.mubadalawtc.com.

RESULT

Los Angeles Galaxy 2 Manchester United 5

Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')

War 2

Director: Ayan Mukerji

Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana

Rating: 2/5

MATCH INFO

Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)

Man of the match Harry Kane