Rafael Nadal has suggested he could walk away from tennis if he feels he can no longer play at a "high level", although the world No 2 remains confident he can win more titles.
Nadal, 32, crashed out of the Madrid Open semi-finals 6-4, 2-6, 6-3 to Greek world No 9 Stefanos Tsitsipas, which follows last-four defeats in his past two events in Barcelona and Monte Carlo.
The lack of clay court titles, or even final appearances, has raised doubts about Nadal's standing as the dominant force on clay - a status he enjoyed for much of the past 15 years.
"Not winning here means that I'm not going back to my hotel happy," Nadal said after his defeat to Tsitsipas. "But I think I still have tennis ahead of me."
Now Nadal heads to Rome for the Italian Open - where he is the defending and eight-time champion - aiming to win his first clay title before attempting to defend his Roland Garros crown.
Nadal said his longer term focus was on winning a record-extending 12th French Open title.
"In Paris, I have 11 titles. Each week that I play in this tournament is a lot of memories, a lot of unforgettable memories," he said. "What I have to do is to be fit and to play properly and have a high tennis level.
"If I manage to do that ... I think I will still have a very good opportunity to fight for titles for the rest of the year."
After starting slowly on clay last month after another knee injury, Nadal is hopeful of quick progress, but he has alluded to the fact that he could walk away if he cannot return to his best.
"I've done a few steps forward, maybe not enough, but I have improved some things. We'll see (for how long) I can play at a high level - and I think I will be able to continue.
"If I'm not able to do these things properly, that is the end of the situation, period. This is a sport and in a sport it's a matter of winning and sometimes losing and accepting both as naturally as possible."
As in Monte Carlo and Barcelona, Nadal will be defending a title in Rome after beating Alexander Zverev in the 2018 title showdown.
The second seed behind Novak Djokovic opens in the second round against one of two Frenchmen, Richard Gasquet or Jeremy Chardy.
"I've played just three tournaments on clay this year," Nadal said. "It's not much. I play when I want to play and I play where I want to play. I just play for my happiness and I play when I really want to play. That's all."
While Nadal endures a period of uncertainty, Madrid Open women's champion Kiki Bertens can revel in the biggest title of her career.
Bertens, 27, became the first woman to win the Madrid title - a Premier Mandatory event - without dropping a set after beating Simona Halep 6-4, 6-4 in Saturday's final.
The Dutchwoman will also move up to a career-high No 4 in the world rankings and will be one of the leading contenders at the French Open later this month.
"I just feel really happy. I am really proud of this week. I played some good tennis and will be No 4 in the world on Monday, it is just all amazing things," Bertens said.
For Halep, the defeat meant a missed opportunity to return to the top ranking, but having just returned from injury it was an encouraging run to the final ahead of her French Open title defence.
And the Romanian was gracious in defeat, insisting she was beaten by the better player on the day.
"She played better tennis tonight. She deserved to win the match, definitely," Halep said. "I think I played wrong, and I'm upset about that. I played stupidly today, I did everything that she liked. It was a good match from her. And she deserved to win the title because she played really good tennis throughout the whole week."
The lowdown
Badla
Rating: 2.5/5
Produced by: Red Chillies, Azure Entertainment
Director: Sujoy Ghosh
Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke
Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
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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The specs
Engine: 4 liquid-cooled permanent magnet synchronous electric motors placed at each wheel
Battery: Rimac 120kWh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry
Power: 1877bhp
Torque: 2300Nm
Price: Dh7,500,00
On sale: Now
Farage on Muslim Brotherhood
Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.
COMPANY%20PROFILE
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Bio
Born in Dubai in 1994
Her father is a retired Emirati police officer and her mother is originally from Kuwait
She Graduated from the American University of Sharjah in 2015 and is currently working on her Masters in Communication from the University of Sharjah.
Her favourite film is Pacific Rim, directed by Guillermo del Toro
Specs%3A%202024%20McLaren%20Artura%20Spider
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%203.0-litre%20twin-turbo%20V6%20and%20electric%20motor%3Cbr%3E%3Cstrong%3EMax%20power%3A%3C%2Fstrong%3E%20700hp%20at%207%2C500rpm%3Cbr%3E%3Cstrong%3EMax%20torque%3A%3C%2Fstrong%3E%20720Nm%20at%202%2C250rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Eight-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%203.0sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%20%3C%2Fstrong%3E330kph%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1.14%20million%20(%24311%2C000)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Company profile
Name: Fruitful Day
Founders: Marie-Christine Luijckx, Lyla Dalal AlRawi, Lindsey Fournie
Based: Dubai, UAE
Founded: 2015
Number of employees: 30
Sector: F&B
Funding so far: Dh3 million
Future funding plans: None at present
Future markets: Saudi Arabia, potentially Kuwait and other GCC countries
The specs
Engine: 4.0-litre, twin-turbocharged V8
Transmission: nine-speed automatic
Power: 630bhp
Torque: 900Nm
Price: Dh810,000
THE SPECS
BMW X7 xDrive 50i
Engine: 4.4-litre V8
Transmission: Eight-speed Steptronic transmission
Power: 462hp
Torque: 650Nm
Price: Dh600,000
T20 World Cup Qualifier, Muscat
UAE FIXTURES
Friday February 18: v Ireland
Saturday February 19: v Germany
Monday February 21: v Philippines
Tuesday February 22: semi-finals
Thursday February 24: final
How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200