A trainer attends to Venus Williams before she decide to retire against Andrea Petkovic of Germany.
A trainer attends to Venus Williams before she decide to retire against Andrea Petkovic of Germany.

Venus Williams pulls out of Australian Open with injury



MELBOURNE // The fourth seed Venus Williams retired from her Australian Open third round match against Germany's Andrea Petkovic with injury on Friday after lasting just seven points.

The seven-times grand slam champion pulled up with what appeared to be a groin strain after lunging for a return with the German leading by a game and 30-0 in Melbourne.

Petkovic moves on to face former champion Maria Sharapova in the fourth round.

Williams strained a muscle in the same area during her second round victory over Czech Sandra Zahlavova on Wednesday.

Her retirement leaves a grand slam without an American woman in the last 16 for only the fourth time, the last time coming at the French Open in 2008.

"I just obviously couldn't play," she said. "I mean, just couldn't move. Just too painful ... A lot times when you play you get this adrenaline that blocks pain. But I just didn't get enough of that today."

Henin, like Williams a seven-times grand slam champion, was still clearly hampered by the elbow injury that wrecked her 2010 campaign as she bowed out 6-4, 7-6 to Svetlana Kuznetsova.

Henin, who made a fairytale run to the final last year on her return from retirement, made her earliest exit from Melbourne Park in 11 visits.

The 2004 champion racked up 41 unforced errors and even her Russian opponent's late nerves could not save her. "It's disappointing to lose like this," said Henin. "She was just better than me, especially in the important moments."

Kuznetsova's reward was a tie against her friend and French Open champion Francesca Schiavone after the Italian beat Romanian Monica Niculescu 6-0, 7-6. "We have a great friendship," the Russian said of Schiavone. "But we are both athletes. Out on court we're animals and kind of fighters against each other."

Sharapova, lone champion in the fray

Henin's departure leaves Maria Sharapova as the only former champion in the women's draw.

The Russian, seeded 14th, made hard work of beating German Julia Goerges 4-6, 6-4, 6-4 but said she was delighted with her fitness after a 2 1/2-hour win set up a meeting with Petkovic. Djokovic, who like Sharapova is trying to emulate his 2008 triumph here, saved some energy when Troicki retired with a muscle strain after losing the first set and hopes that will stand him in good stead for the challenges of the second week.

"They are physically very fit and mentally very strong," he said of Rafa Nadal and Federer who will stand in his way. "It seems like they're raising their level of performance in the second week of the grand slams."

Gael Monfils paid the price for playing nine sets in his first two rounds as the French 12th seed went out 7-6, 6-2, 6-3 to Swiss Stanislas Wawrinka.

Spaniard Fernando Verdasco, however, brushed off his five-set second round thriller to beat Japan's Kei Nishikori 6-2, 6-4, 6-3 and set up a fourth round meeting with Czech sixth seed Thomas Berdych, who cruised past Richard Gasquet 6-2, 7-6, 6-2.

Women's world No1 Caroline Wozniacki moved comfortably into the fourth round with a 6-4, 6-3 win over Dominika Cibulkova before having a bit of fun with the media.

The 20-year-old Dane took charge of her post-match press conference, giving the answers to stock questions before they were asked.

She then held court on topics as diverse as Liverpool soccer club and global warming but inevitably the questions over her legitimacy as No 1 without a grand slam title.

"I feel like I deserve to be there," she repeated. "I've done so well last year, and hopefully I can continue my roll this year. I know that you guys have to write about something, and that's a pretty good question to ask."

Roddick powers past Haase with 32 aces

Andy Roddick overcame a slow start before powering home with 32 aces to beat Robin Haase 2-6, 7-6 (2), 6-2, 6-2 and move into the fourth round of the Australian Open.

The eighth-seeded Roddick is seeking his second Grand Slam title nearly seven years after his first – the 2003 US Open.

Haase received treatment on his right ankle early in Friday's first set, getting it heavily taped after appearing to stumble on a shot. The trainer was back out at the end of the set for Haase, who broke Roddick's serve twice.

The Dutchman, despite the injury, made the shot of the tournament so far, chasing down a Roddick lob and hitting a flick backhand over the net while facing the back of the court. Haase won the point two shots later.

The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

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MATCH INFO

Uefa Champioons League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

Crazy Rich Asians

Director: Jon M Chu

Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan

Four stars

UAE%20PREMIERSHIP
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Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

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The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The five pillars of Islam
Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Joker: Folie a Deux

Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson

Director: Todd Phillips 

Rating: 2/5

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

The winners

Fiction

  • ‘Amreekiya’  by Lena Mahmoud
  •  ‘As Good As True’ by Cheryl Reid

The Evelyn Shakir Non-Fiction Award

  • ‘Syrian and Lebanese Patricios in Sao Paulo’ by Oswaldo Truzzi;  translated by Ramon J Stern
  • ‘The Sound of Listening’ by Philip Metres

The George Ellenbogen Poetry Award

  • ‘Footnotes in the Order  of Disappearance’ by Fady Joudah

Children/Young Adult

  •  ‘I’ve Loved You Since Forever’ by Hoda Kotb 

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.”

COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
'The Lost Daughter'

Director: Maggie Gyllenhaal

Starring: Olivia Colman, Jessie Buckley, Dakota Johnson

Rating: 4/5

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

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The specs: 2018 Harley-Davidson Fat Boy

Price, base / as tested Dh97,600
Engine 1,745cc Milwaukee-Eight v-twin engine
Transmission Six-speed gearbox
Power 78hp @ 5,250rpm
Torque 145Nm @ 3,000rpm
Fuel economy, combined 5.0L / 100km (estimate)

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COMPANY%20PROFILE
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Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor


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