Serena Williams of the United States celebrates match point in her Ladies' Singles Third Round match against Heather Watson of Great Britain during Day 5 of Wimbledon at the All England Lawn Tennis and Croquet Club on July 3, 2015 in London, England.  Shaun Botterill / Getty Images
Serena Williams of the United States celebrates match point in her Ladies' Singles Third Round match against Heather Watson of Great Britain during Day 5 of Wimbledon at the All England Lawn Tennis anShow more

Pushed to the limit, Serena Williams survives Heather Watson’s upset bid at Wimbledon



Serena Williams erased three breaks in the final set to stave off an upset bid by home favourite Heather Watson in the third round at Wimbledon on Friday.

Williams was broken twice to trail 3-0 in the decider before turning things around, winning 6-2, 4-6, 7-5 to keep alive her bid to become only the fourth woman to complete a grand slam.

Williams went up 4-3 in the final set only to be broken again in the ninth game, giving Watson a chance to serve out the match.

Williams broke right back, however, and held to love, then converted her third match point.

The 59th-ranked Watson had the partisan Centre Court crowd roaring throughout but fell short of becoming the first British woman to beat a No 1 since Sue Barker defeated Chris Evert in Boston in 1979.

Williams will next face big sister Venus in the fourth round. Venus had no such problems as she defeated Serbia’s Aleksandra Krunic 6-3, 6-2.

After her victory over Watson, Serena told the BBC: “I have had some tough losses, but that was the toughest match I have played on Centre Court. She played unbelievable and should have won the match, but she gave her all and showed what a great player she is.

“She could get even beyond the top 20, she is playing really well. She should get her sights higher. She was playing so good, there was nothing I could do.

“I will speak to Venus over the weekend. She is in better form than me, she has the advantage.”

Fourth-seeded Maria Sharapova moved serenely into the Wimbledon fourth round with a 6-4, 6-3 victory over Romanian Irina-Camelia Begu yesterday.

The 28-year-old Russian, champion at the All England Club in 2004, overpowered her 29th-seeded opponent on a sun-drenched Court 1 to take her place in the last 16.

Sharapova wasted a chance to close out the match when she served for victory at 5-1 in the second set but did not let another chance go by and completed victory in one hour, 23 minutes.

“I got broken in the first game then played good tennis at 4-4 to go up 5-4,” Sharapova said. “The first set gave me confidence, played good in the second. I knew Begu would not go ­anywhere.

“Obviously you expect to go further in the tournament, expect better things for yourself. You have to raise your level as you progress through the tournament. There is only one champion in the end and the one who raises their game is the ­champion.”

Sharapova said memories of her 17-year-old self winning her first grand slam title at the All England Club motivated her to reclaim the Venus Rosewater Dish.

“No doubt about that. That’s certainly something I think about every time I step onto the grounds,” she said.

“The memories of being a champion, the experience of going through those two weeks not expecting myself to be the champion at that stage in my career, yet holding up the plate – I am always carrying those memories with me every time I step on the court here.”

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RESULT

Bayern Munich 5 Eintrracht Frankfurt 2
Bayern:
 Goretzka (17'), Müller (41'), Lewandowski (46'), Davies (61'), Hinteregger (74' og)    
Frankfurt: Hinteregger (52', 55')

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

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MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Sam Smith

Where: du Arena, Abu Dhabi

When: Saturday November 24

Rating: 4/5

Friday's schedule in Madrid

Men's quarter-finals

Novak Djokivic (1) v Marin Cilic (9) from 2pm UAE time

Roger Federer (4) v Dominic Thiem (5) from 7pm

Stefanos Tsitsipas (8) v Alexander Zverev (3) from 9.30pm

Stan Wawrinka v Rafael Nadal (2) from 11.30pm

Women's semi-finals

Belinda Bencic v Simona Halep (3) from 4.30pm

Sloane Stephens (8) v Kiki Bertens (7) from 10pm

TOURNAMENT INFO

2018 ICC World Twenty20 Asian Western Regional Qualifier
The top three teams progress to the Asia Qualifier

Thursday results
UAE beat Kuwait by 86 runs
Qatar beat Bahrain by five wickets
Saudi Arabia beat Maldives by 35 runs

Friday fixtures
10am, third-place playoff – Saudi Arabia v Kuwait
3pm, final – UAE v Qatar

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.”

Company Profile

Name: Takestep
Started: March 2018
Founders: Mohamed Khashaba, Mohamed Abdallah, Mohamed Adel Wafiq and Ayman Taha
Based: Cairo, Egypt
Sector: health technology
Employees: 11 full time and 22 part time
Investment stage: pre-Series A

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Developer: Big Ape Productions
Publisher: LucasArts
Console: PlayStation 1 & 5, Sega Saturn
Rating: 4/5

COMPANY PROFILE

Name: Haltia.ai
Started: 2023
Co-founders: Arto Bendiken and Talal Thabet
Based: Dubai, UAE
Industry: AI
Number of employees: 41
Funding: About $1.7 million
Investors: Self, family and friends

TOP 5 DRIVERS 2019

1 Lewis Hamilton, Mercedes, 10 wins 387 points

2 Valtteri Bottas, Mercedes, 4 wins, 314 points

3 Max Verstappen, Red Bull, 3 wins, 260 points

4 Charles Leclerc, Ferrari, 2 wins, 249 points

5 Sebastian Vettel, Ferrari, 1 win, 230 points

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

MATCH INFO

Real Madrid 2 (Benzema 13', Kroos 28')
Barcelona 1 (Mingueza 60')

Red card: Casemiro (Real Madrid)

Shooting Ghosts: A U.S. Marine, a Combat Photographer, and Their Journey Back from War by Thomas J. Brennan and Finbarr O’Reilly

GOODBYE JULIA

Director: Mohamed Kordofani

Starring: Siran Riak, Eiman Yousif, Nazar Goma

Rating: 5/5

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8


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