ABU DHABI // The official slogan is catchy: "The global tennis season starts here."
But the Mubadala World Tennis Championship is perhaps best known for this: a line-up that would flatter the final weekend of any grand slam tournament.
The capital's six-man collection of tennis talent includes Novak Djokovic, Rafael Nadal, Roger Federer, David Ferrer and Jo-Wilfried Tsonga, and those five ended the 2011 season ranked Nos 1, 2, 3, 5 and 6 in the world.
The sixth player in Abu Dhabi this week is Gael Monfils, who was No 7 in July and currently is No 16.
"I had the invitation and I said 'of course'. It is a great invitation to come and play with the world's top players," said Monfils, who is playing here for the first time. "It is the best possible preparation for the season."
Djokovic also is a newcomer to the three-day tournament, now in its fourth year, which begins today and concludes on Saturday. The possibility of the world No 1 playing all three days helps explain why all tickets are sold out for tomorrow's semi-finals at the Abu Dhabi International Tennis Complex at Zayed Sports City, and why nearly all tickets are gone for today and Saturday.
"It is an amazing way to start the year," Federer said recently. "Abu Dhabi does a great job of welcoming players to the area, the fans are amazing, the crowds are great, the hospitality is perfect and you are almost guaranteed to have nice weather. And competitive matches, which help you get a jump start to the new year."
Djokovic faces Monfils in the second match today, which will not begin before 5pm. In the 3pm match, Ferrer plays Tsonga.
"I'm looking forward to playing my best tennis, practice some shots and have some good wins from some very good players," Tsonga said yesterday.
Monfils has never beaten Djokovic as a professional; the Serb is 8-0 against the Frenchman.
But Monfils was the more dominant player as a junior; he won three of the four junior majors in 2004, and defeated Djokovic in three sets at Bergamo.
Monfils smiled when asked if remembered his victory over the current world No 1. "It was a long time ago but, actually, it was great," he said. "I remember all of the matches I have played. It's a good first match, to play 'Nole' again. It's always good to play the top player. I'm very happy."
The tournament is not an official ATP event; no rankings points are at stake. But the tournament's status can make for compelling competition. "As an exhibition, it is without pressure," Monfils said. "The score means nothing. And then also you can go for more shots and try more stuff, because it's no pressure."
Both Djokovic and Tsonga have said they will work on the serve-and-volley aspect of their games here, but no player reaches the lofty positions in their sport that these six have without the sort of competitive spirits that make any match a "must-win" match.
Nadal is the two-time defending champion here, and he will play the winner of the Ferrer-Tsonga match in the second match tomorrow. Federer, who has yet to win here despite perfect attendance, awaits the Djokovic-Monfils survivor in the early match tomorrow.
Federer ended the 2011 season as the hottest player on the tour; he ran off 15 consecutive victories while winning at Basel, the Paris Masters and the ATP World Tour Finals in London.
Djokovic, conversely, struggled with a sore shoulder over the final months of the season; four of his six defeats during the 2011 season came after the US Open, the final slam event and the third that he won during the year, after the Australian Open and Wimbledon.
The Mubadala event also is known for a level of interaction between players and public not seen on the ATP tour.
All six players will make appearances at the Tennis Village, erected just outside the stadium, and clinics will be held each of the three days. Today, Ferrer will be signing autographs in the Tennis Village at 11am and Federer will appear at 11.30am.
Also today, Nadal will lead a clinic at 11am for the Under 10 and Under 12 winners of the Mubadala Community Cup competition, and Monfils' coach, Patrick Chamagne, will hold a clinic at noon for the Abu Dhabi Club for Special Needs.
poberjuerge@thenational.ae
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Company name: Play:Date
Launched: March 2017 on UAE Mother’s Day
Founder: Shamim Kassibawi
Based: Dubai with operations in the UAE and US
Sector: Tech
Size: 20 employees
Stage of funding: Seed
Investors: Three founders (two silent co-founders) and one venture capital fund
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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 with a decades-long career in TV. He has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others. Karam is also the founder of Takreem.
Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.
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Mohammed bin Zayed Majlis
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
The years Ramadan fell in May
World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final
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
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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.”
Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital
Women’s T20 World Cup Asia Qualifier
ICC Academy, November 22-28
UAE fixtures
Nov 22, v Malaysia
Nov 23, v Hong Kong
Nov 25, v Bhutan
Nov 26, v Kuwait
Nov 28, v Nepal
ICC T20I rankings
14. Nepal
17. UAE
25. Hong Kong
34. Kuwait
35. Malaysia
44. Bhutan
UAE squad
Chaya Mughal (captain), Natasha Cherriath, Samaira Dharnidharka, Kavisha Egodage, Mahika Gaur, Priyanjali Jain, Suraksha Kotte, Vaishnave Mahesh, Judit Peter, Esha Rohit, Theertha Satish, Chamani Seneviratne, Khushi Sharma, Subha Venkataraman
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MATCH RESULT
Al Jazira 3 Persepolis 2
Jazira: Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')
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