• Rafael Nadal of Spain celebrates with the trophy following the men's singles final against Dominic Thiem of Austria at the 2019 French Open at Roland Garros in Paris, France. Getty Images
    Rafael Nadal of Spain celebrates with the trophy following the men's singles final against Dominic Thiem of Austria at the 2019 French Open at Roland Garros in Paris, France. Getty Images
  • Nadal embraces Thiem of Austria following his victory in the men's singles final. Getty Images
    Nadal embraces Thiem of Austria following his victory in the men's singles final. Getty Images
  • Nadal lays on the clay as he defeats Thiem. AP Photo
    Nadal lays on the clay as he defeats Thiem. AP Photo
  • Thiem returns the ball to Nadal. AFP
    Thiem returns the ball to Nadal. AFP
  • Thiem holds a tennis ball as he plays against Nadal. AFP
    Thiem holds a tennis ball as he plays against Nadal. AFP
  • Nadal reacts after winning a point against Thiem. AFP
    Nadal reacts after winning a point against Thiem. AFP
  • Thiem reacts after winning a point against Nadal. AFP
    Thiem reacts after winning a point against Nadal. AFP
  • Nadal wipes his face with a towel. AFP
    Nadal wipes his face with a towel. AFP
  • Nadal prepares to serve against Thiem. AP Photo
    Nadal prepares to serve against Thiem. AP Photo
  • Thiem reacts as he plays Nadal. AP Photo
    Thiem reacts as he plays Nadal. AP Photo
  • Nadal reacts as he plays against Thiem. AFP
    Nadal reacts as he plays against Thiem. AFP
  • Thiem hits his racket after hitting a shot into the net. AP Photo
    Thiem hits his racket after hitting a shot into the net. AP Photo
  • Nadal returns the ball to Thiem. AFP
    Nadal returns the ball to Thiem. AFP
  • A ballboy gives a towel to Thiem. AFP
    A ballboy gives a towel to Thiem. AFP
  • Nadal prepares to serve. EPA
    Nadal prepares to serve. EPA
  • Thiem eyes the ball as he plays against Nadal. AFP
    Thiem eyes the ball as he plays against Nadal. AFP
  • Nadal serves the ball to Thiem. AFP
    Nadal serves the ball to Thiem. AFP
  • Nadal jumps and warms up before entering the tennis court. AFP
    Nadal jumps and warms up before entering the tennis court. AFP

Rafael Nadal closing in on Roger Federer after beating Dominic Thiem to win 12th French Open title


  • English
  • Arabic

Rafael Nadal swept to an historic 12th Roland Garros title and 18th grand slam crown on Sunday with a 6-3, 5-7, 6-1, 6-1 victory over Austria's Dominic Thiem.

The 33-year-old Spaniard becomes the first player, man or woman, to win the same major 12 times after seeing off a brave challenge from a weary Thiem in a repeat of the 2018 final.

Nadal is now just two behind Roger Federer's all-time record of 20 majors and three ahead of Novak Djokovic who was knocked out by Thiem in the semi-finals.

The world No 2 also took his Paris record to an astonishing 93 wins and just two losses having previously won the title in 2005-2008, 2010-2014, 2017 and 2018.

"I want to say congratulations to Dominic. I feel sorry as he deserves to win it as well," Nadal said. "But he has every chance in the future. He has unbelievable talent for the sport and I want to encourage him for the future.

"It's a dream to win again, an incredible moment. When I first played here in 2005 I never thought I would be still playing here in 2019. It's very special for me."

Sunday's triumph confirmed the 'Big Three' stranglehold on the grand slam tournaments having shared the last 10 between them. It also gave Nadal an 82nd career title and 950th match win.

In a 53-minute first set of brutal hitting and raw physicality, it was Thiem who broke first for a 3-2 lead.

But the 25-year-old's joy was short-lived as Nadal retrieved the break in the sixth game before racing away with the next three games to pocket the opener.

Thiem, who had beaten his opponent four times on clay in his career, failed to claim a single point off Nadal's first five service games of the second set.

However, the dogged Austrian pushed and pushed, forced Nadal into three rushed groundstrokes and, from nowhere, broke to take the second set. It was the first set he had managed to take off Nadal at Roland Garros after three previous defeats.

Nadal was riled by the insult. He swept the first 10 points of the third set, carving out a double break for 3-0 before sweeping to a third break for the set.

Thiem, bidding to become just Austria's second grand slam champion after Thomas Muster won in Paris in 1995, had played four successive days to reach Sunday's final and the toll was slowly telling.

He wasted break points in the first and third games of the fourth set and Nadal pounced to stretch to 3-0.

That was soon 5-1 and the relentless barrage continued with Nadal taking the title on a second match point when Thiem fired a return long.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Results

5pm: Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Gurm, Antonio Fresu (jockey), Eric Lemartinel (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m; Winner: Al Nafece, Al Muatasm Al Balushi, Mohammed Ramadan

6pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m; Winner: Ashton Tourettes, Adrie de Vries, Ibrahim Aseel

6.30pm: Arabian Triple Crown – Group 3 (PA) Dh300,000 (T) 2,200m; Winner: Ottoman, Adrie de Vries, Abdallah Al Hammadi

7pm: Liwa Oasis – Group 2 (PA) 300,000 (T) 1,400m; Winner: Hakeemat Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm: Handicap (TB) Dh80,000 (T) 1,600m; Winner: Ganbaru, Antonio Fresu, Musabah Al Muhairi

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

The Case For Trump

By Victor Davis Hanson
 

UAE currency: the story behind the money in your pockets
Episode list:

Ep1: A recovery like no other- the unevenness of the economic recovery 

Ep2: PCR and jobs - the future of work - new trends and challenges 

Ep3: The recovery and global trade disruptions - globalisation post-pandemic 

Ep4: Inflation- services and goods - debt risks 

Ep5: Travel and tourism 

Avatar%20(2009)
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Cameron%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ESam%20Worthington%2C%20Zoe%20Saldana%2C%20Sigourney%20Weaver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

F1 The Movie

Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem

Director: Joseph Kosinski

Rating: 4/5

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

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.”

First Person
Richard Flanagan
Chatto & Windus 

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

Facebook | Our website | Instagram

 

Zodi%20%26%20Tehu%3A%20Princes%20Of%20The%20Desert
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A