Switzerland's Roger Federer arrives for the Swiss team press conference on Tuesday in Lille ahead of the Davis Cup final, beginning Friday. Michael Spingler / AP / November 18, 2014
Switzerland's Roger Federer arrives for the Swiss team press conference on Tuesday in Lille ahead of the Davis Cup final, beginning Friday. Michael Spingler / AP / November 18, 2014
Switzerland's Roger Federer arrives for the Swiss team press conference on Tuesday in Lille ahead of the Davis Cup final, beginning Friday. Michael Spingler / AP / November 18, 2014
Switzerland's Roger Federer arrives for the Swiss team press conference on Tuesday in Lille ahead of the Davis Cup final, beginning Friday. Michael Spingler / AP / November 18, 2014

Roger Federer’s status up in the air for Davis Cup title tie: ‘I’m hopeful’


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Roger Federer was at the top of his game in London last week, sweeping past opponents as if his age were not an issue. A back injury over the weekend changed everything, casting serious doubts over his chances of winning the Davis Cup, or even playing against France in the final.

The 17-time grand slam champion picked up the injury in a hard-fought win over Swiss teammate Stan Wawrinka at the ATP Finals, forcing him to retire ahead of the title match against Novak Djokovic.

One statistic speaks volumes about the seriousness of the 33-year-old Federer’s injury: His walkover at the season finale marked only the third time in his career that he withdrew before a match, each time due to back problems.

As if Federer’s injury concerns were not enough, the Swiss are also worried about Wawrinka’s morale as the country bids for its first Davis Cup victory. After wasting four match points against Federer in London, the Australian Open champion said he “can either be destroyed or bounce back” from such a tough loss.

Following the match, two men are also said to have been involved in a heated spat after Wawrinka complained about noise coming from Federer’s box in between serves toward the end of the third set. Federer defused the tensions by posting a picture on Twitter of a united Switzerland team, with Wawrinka making bunny ears behind his teammate, and both players insisted on their friendship on Tuesday.

“We had a conversation after the match. Everything’s totally relaxed about the situation. We’re old enough,” Federer said. “I just wanted to see if there were any hard feelings because it was probably one of the loudest moments of the match. Clearly a lot of noise. Like I said, there is no hard feeling whatsoever. We’re having a good time here. We are friends, not enemies.”

Federer traveled to the northern French city of Lille by private jet on Monday, hoping to recover in time before the best-of-five series beginning Friday with two singles matches, followed by doubles on Saturday and reverse singles on Sunday.

“It was definitely not good enough to practice yesterday,” Federer told reporters Tuesday. “I wish progress would be faster, but we’re trying hard. We’re heading in that direction. I feel it’s definitely a little bit better than it was on Saturday night and Sunday and also Monday. Baby steps, I guess. I’m hopeful.”

Federer had been in tremendous form this season, playing a more offensive game and bagging five titles while staying injury-free after back problems damaged his 2013 campaign.

Chasing the only major title still eluding him, Federer also showed his commitment to the Davis Cup this year, joining the Swiss team immediately after his loss in the US Open semi-finals to take part to their semi-final against Italy in September.

For years, Federer did not regard the Davis Cup as a main priority. The emergence of Wawrinka as a top player changed the equation and convinced him they had a good chance of winning the event. But without Federer, the Swiss have won just one of the 10 ties they have played in the World Group since his debut in the competition in 1999.

If Federer can’t play, Swiss captain Severin Luthi will have to do either with the 212th-ranked Marco Chiudinelli or No 508 Michael Lammer.

“For the time being, we are not thinking that Roger Federer will not play on Friday,” France captain Arnaud Clement said. “We have been preparing for 10 days, and we are prepared to play the Swiss team with Federer and Wawrinka. But what we are going to play is not Federer’s team, it is the Swiss team. They have good players.”

Unlike its opponents, France is at full strength with Jo-Wilfried Tsonga, Gael Monfils, Julien Benneteau and Richard Gasquet having traveled to Lille after a training camp in Bordeaux. Clement also summoned Gilles Simon as a reserve player.

Both Tsonga and Gasquet, who won their singles matches and teamed up in doubles in the victory over the Czech Republic in the semi-finals, said they are not getting distracted by the Swiss team’s struggles.

France are looking to win the trophy for the 10th time.

“I think for this weekend, the important thing for us is to stay focused on ourselves, on our team,” Tsonga said. “What we need is to have a perfect performance. What we can do is just play tennis. Anything else is not really our business.”

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UAE currency: the story behind the money in your pockets
Company%20profile
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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

What's in the deal?

Agreement aims to boost trade by £25.5bn a year in the long run, compared with a total of £42.6bn in 2024

India will slash levies on medical devices, machinery, cosmetics, soft drinks and lamb.

India will also cut automotive tariffs to 10% under a quota from over 100% currently.

Indian employees in the UK will receive three years exemption from social security payments

India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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.”

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

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Pad Man

Dir: R Balki

Starring: Akshay Kumar, Sonam Kapoor, Radhika Apte

Three-and-a-half stars

PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

MATCH INFO

Manchester United v Everton
Where:
Old Trafford, Manchester
When: Sunday, kick-off 7pm (UAE)
How to watch: Live on BeIN Sports 11HD

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

Charlotte Gainsbourg

Rest

(Because Music)

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000