Following criticism from Serena Williams, Russia's world No 1 Dinara Safina, above, has received backing from her compatriots Svetlana Kuznetsova and Elena Dementieva at the end-of-season WTA Tour event in Doha.
Following criticism from Serena Williams, Russia's world No 1 Dinara Safina, above, has received backing from her compatriots Svetlana Kuznetsova and Elena Dementieva at the end-of-season WTA Tour eveShow more

Russians rally to defend Safina's status



DOHA // A tennis re-enactment of the Cold War broke out in the neutral territory of Qatar yesterday as Russia set up an army of resistance to open hostility from the United States' leading campaigner Serena Williams. Serena has been firing verbal volleys in the direction of her arch enemy Dinara Safina for much of this year due to the Russian holding the coveted No 1 ranking for 26 weeks without endorsing that elite status with a grand slam title.

Safina, who has won three titles and reached eight finals on the WTA Tour in what has been her best campaign in a decade on the world circuit, was understandably prickly when pressed on the rankings issue and received swift support from her compatriots Svetlana Kuznetsova and Elena Dementieva in defending the situation. Asked for a response to those who have criticised the way her sport's ranking system can rate her above the younger Williams sister, who has won two of this year's four grand slams and 11 in all, Safina remarked: "So call them to make a ranking system how they want to make it."

Safina switched from a scowl which her soon-to-retire elder brother Marat Safin would have been proud of to a smile before claiming: "I don't care any more. They can say whatever they want. I am where I am, and that's it." Following Safina into yesterday's open session with the world's top eight women in advance of the annual end-of-season Tour finals in Doha which begin this evening were Kuznetsova, who has won two grand slams but never reached the top rankings, and Dementieva, who has an Olympic gold medal to compensate for her disappointments in two major finals.

Kuznetsova, who thrashed a hapless Safina in a tremendously disappointing French Open final in June, said: "I think Dinara deserves to be where she is because she has played so many good events. She's there because she played in the finals at the Australian Open and Roland Garros. I'm not going to be the one to say you have to be No 1 winning a slam. "But I don't want to judge anybody. I'm doing my own career. I won two grand slams. I'm happy with that. Definitely I'm going to try to become No 1 one day."

Dementieva, who held match points against Serena in a semi- final at Wimbledon - a match which is generally considered to be the best of the year - said: "She's [Safina] not the first one who's in the No 1 position without winning a grand slam. But she's won a lot of big events this season and been in a few other finals. "She has worked very hard all these years to get to the No 1 position and we have to respect this. Also, I think she's very close to winning a grand slam title."

Serena, who with older sister Venus made up the rear of the eight-woman chat show, was on her guard about throwing more fuel on to the fire, not least because she remains under investigation for her shameful outburst at the US Open where she was heard threatening and abusing a line judge moments before her semi-final exit at the hands of Kim Clijsters. Serena, officially demoted again yesterday to world No 2 after spending a fourth and brief spell at the top of the list, preferred to take the positive approach and set her stall out to survive longer than Safina this week and regain the top spot.

"It would be awesome, to be No 1 for the end of the year," she said. "It would be really cool. But I have to win my matches first. I'm in a tough part of the draw. So, we'll see what happens." By "tough part of the draw", Serena was referring to the irritation of being in the same round-robin group of four with her sister. The Californian siblings' opening matches tonight are, curiously, against their Russian dissidents. Venus takes on Dementieva and Serena faces Kuznetsova.

In the other group, Safina is joined by Denmark's Caroline Wozniacki - who has made a spectacular rise this year to fourth in the rankings - the steadily improving Belarusian Victoria Azarenka and Jelena Jankovic, a former world No 1 from Serbia. Azarenka and Jankovic meet in the curtain raiser of the six-day event this evening. Safina and Wozniacki begin their campaigns tomorrow. @Email:wjohnson@thenational.ae

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

Company profile

Name: GiftBag.ae

Based: Dubai

Founded: 2011

Number of employees: 4

Sector: E-commerce

Funding: Self-funded to date

The 15 players selected

Muzzamil Afridi, Rahman Gul, Rizwan Haider (Dezo Devils); Shahbaz Ahmed, Suneth Sampath (Glory Gladiators); Waqas Gohar, Jamshaid Butt, Shadab Ahamed (Ganga Fighters); Ali Abid, Ayaz Butt, Ghulam Farid, JD Mahesh Kumara (Hiranni Heros); Inam Faried, Mausif Khan, Ashok Kumar (Texas Titans

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

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

The Gentlemen

Director: Guy Ritchie

Stars: Colin Farrell, Hugh Grant 

Three out of five stars

Dunki

Director: Rajkumar Hirani 

Starring: Shah Rukh Khan, Taapsee Pannu, Vikram Kochhar and Anil Grover

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

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 Programme

Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson

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Engine: 6.4-litre V8

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Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.


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