Only few ranking spots away from big four, but miles apart in Abu Dhabi



As the Mubadala World Tennis Championship opens today, the concept of a "glass ceiling" is one that preys on the minds of three players but must serve as a comfort to three more.

Novak Djokovic, Rafael Nadal and Roger Federer constitute three-quarters of a cabal that even fellow tennis professionals refer to as "the Big Four".

David Ferrer, Jo-Wilfried Tsonga and Gael Monfils, also playing in Abu Dhabi this week, make up some of the leading elements of the chase pack, but they seem to suggest that a barrier - perhaps not visible to outsiders - separates the top quartet from everyone else.

The drop from No 4 to No 5 may be only one slot, but at the moment it also seems to be about 10,000 miles.

"I think the first four - Nadal and Djokovic and Federer and [Andy] Murray - are better than the other players," said Ferrer, who is No 5. "They are playing more consistent in important tournaments. They are reaching semi-finals and finals. They have been very good for three years.

"At this moment it's very difficult to become No 4."

The 2011 season was a banner one for the Big Four, collectively. They filled all eight slots in the grand slam finals and collectively won 22 ATP championships, including all nine Masters 1,000 events as well as the ATP World Tour Finals.

"We can say it's a big drop because the top four won mostly every time in the season," said Monfils, who was No 7 in July.

Ferrer Spain

yesterday said he believed 2011 to be his best season, yet he got to No 5 and could climb no higher. He was No 4 for a time in 2007, but he believes he is a better player now than he was then.

The gap is more than a mental one. Murray, the world No 4, has 7,380 ranking points as the 2012 season commences; Ferrer, just behind him in the table, has 4,925 points and Tsonga, the No 6, is on 4,335. Erasing a gap of 2,400 points (and more) does not happen in a week. Or even a month.

This is an era of particularly dynamic and demanding tennis, and top players complain that a crowded schedule can lead to injury and exhaustion. The effect on the world rankings, however, so far has been an occasional reshuffling among the top four. Everyone else? Still looking up through that glass ceiling.

Since February of 2002, only Federer, Nadal and Djokovic have held the No 1 ranking, and the Swiss and the Spaniard monopolised it until July, when Djokovic broke through.

The top spot was not always such an exclusive club. In 1999, no fewer than five men were No 1, when Pete Sampras, Carlos Moya, Yevgeny Kafelnikov, Andre Agassi and Pat Rafter all spent time at the top.

The No 1 ranking changed hands five times in 2003, and four players were involved: Lleyton Hewitt, Agassi, Juan Carlos Ferrero and Andy Roddick.

Then along came Federer and, 237 weeks later, Nadal .

The pursuers hold out hope that the Big Four can be broken up. Said Monfils: "I think that some guys, maybe Ferrer or some of those guys, can beat some of [the top four] and get in there. A couple of them could break in, if they play well."

The tournament in the capital this weekend could help set the stage. The first step to moving up, as Djokovic demonstrated in climbing past Federer and then Nadal, is to begin defeating the players ahead of you.

Ferrer, Tsonga and Monfils have Djokovic, Nadal and Federer in the same condensed tournament. The first three may be only 22-71 in head-to-head duels with the latter trio, but they have a chance to go 3-0 against them at the Abu Dhabi International Tennis Complex.

Victories this week by the guys stuck below the glass may not count in the rankings, but acquiring the habit is the first step to closing the yawning void between No 4 and No 5.

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.”

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

SCHEDULE

Saturday, April 20: 11am to 7pm - Abu Dhabi World Jiu-Jitsu Festival and Para jiu-jitsu.

Sunday, April 21: 11am to 6pm - Abu Dhabi World Youth (female) Jiu-Jitsu Championship.

Monday, April 22: 11am to 6pm - Abu Dhabi World Youth (male) Jiu-Jitsu Championship.

Tuesday, April 23: 11am-6pm Abu Dhabi World Masters Jiu-Jitsu Championship.

Wednesday, April 24: 11am-6pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Thursday, April 25: 11am-5pm Abu Dhabi World Professional Jiu-Jitsu Championship.

Friday, April 26: 3pm to 6pm Finals of the Abu Dhabi World Professional Jiu-Jitsu Championship.

Saturday, April 27: 4pm and 8pm awards ceremony.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

If you go:
The flights: Etihad, Emirates, British Airways and Virgin all fly from the UAE to London from Dh2,700 return, including taxes
The tours: The Tour for Muggles usually runs several times a day, lasts about two-and-a-half hours and costs £14 (Dh67)
Harry Potter and the Cursed Child is on now at the Palace Theatre. Tickets need booking significantly in advance
Entrance to the Harry Potter exhibition at the House of MinaLima is free
The hotel: The grand, 1909-built Strand Palace Hotel is in a handy location near the Theatre District and several of the key Harry Potter filming and inspiration sites. The family rooms are spacious, with sofa beds that can accommodate children, and wooden shutters that keep out the light at night. Rooms cost from £170 (Dh808).

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

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Results:

Men’s wheelchair 200m T34: 1. Walid Ktila (TUN) 27.14; 2. Mohammed Al Hammadi (UAE) 27.81; 3. Rheed McCracken (AUS) 27.81.

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MANDOOB
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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
 
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
 
Round 3: February 7-9, Dubai Autodrome – Dubai
 
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
 
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

The bio

Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.

Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.

Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.

Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.

AUSTRALIA%20SQUAD
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