Ana Ivanovic hits a backhand during her first round match with Sara Errani at the French Open yesterday.
Ana Ivanovic hits a backhand during her first round match with Sara Errani at the French Open yesterday.

Ivanovic is hitting back



Ana Ivanovic assuaged fears about the state of her right knee, despite admitting she did feel it at times during her unconvincing victory over Sara Errani yesterday. The Serbian, who beat Dinara Safina in last year's final, started poorly in the Paris sunshine but found some form in the second set to take the match 7-6 (7-3) 6-3.

The 21-year-old was forced to withdraw from a recent tournament in Madrid because of the injury and the knee was strapped for the match out on Philippe Chatrier court. "I just put it out of my mind and I don't want to think about it," she said. "Obviously I'm going to feel it here and there - there is still a bit of residue, a feeling of discomfort. "But it's nothing that can stop me from doing what I have to do on court."

Ivanovic was delighted to have been given a good work-out by Errani, the Italian, adding: "I expected a tough match and I worked hard for the points. "I kept my composure even when I was making mistakes. I think this match is going to be a good test for me." Ivanovic, without a title in 2009, has slipped to eighth in the rankings and she began tentatively yesterday and was taken all the way in the first set by a battling Errani, the world No 44.

The Italian served for the set in the 10th game but Ivanovic managed to break. After squandering two set points in the 12th game, she upped the tempo in the tie-break, going 4-1 up and eventually taking it 7-3. Ivanovic, who struggled with her serve throughout, improved slightly in the second set, breaking twice - in the third and fifth games - to race into a 5-1 lead. She had a blip when Errani clawed one break back in the eighth game, but clinched victory in the ninth game.

Ivanovic will now play the Thai veteran Tamarine Tanasugarn or Camille Pin of France in the next round. One player who has been ruled out through injury is Vera Zvonareva, the sixth seed, who will not compete in Paris after failing to recover from an ankle problem. The Russian has not played since tearing ligaments during her second-round match against Virginie Razzano in Charleston last month and had been expected to withdraw.

Zvonareva was one of the form players during the early part of the season, winning titles in Pattaya City and Indian Wells and climbing to No 5 in the world rankings. The 24-year-old's place in the draw has been taken by Britain's Katie O'Brien, who will take on Olga Govortsova in the first round today. Elsewhere on the opening afternoon of action in the French capital, there were wins for seeds Anastasia Pavlyuchenkova and Na Li.

Russia's Pavlyuchenkova, the 27th seed, beat Ioana Raluca Olaru of Romania 6-3 6-2 and China's Li, the 25th seed, ousted Marta Domachowska 6-4 6-2. Mathilde Johansson, one of 19 Frenchwomen in the draw, was reduced to tears in the final stages of her defeat to Russia's Vitalia Diatchenko and in the after-match press conference, after blowing a host of match points to go down 2-6 6-2 10-8 in a marathon encounter.

Diatchenko, a qualifier, could meet new world No 1 Dinara Safina in the second round. Timea Bacsinszky and Julie Coin's were also winners yesterday. * With agencies

UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Altima


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The specs
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On sale: Available to order now
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The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

Leaderboard

15 under: Paul Casey (ENG)

-14: Robert MacIntyre (SCO)

-13 Brandon Stone (SA)

-10 Laurie Canter (ENG) , Sergio Garcia (ESP)

-9 Kalle Samooja (FIN)

-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)

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
A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5

Vidaamuyarchi

Director: Magizh Thirumeni

Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra

Rating: 4/5

 

ACC 2019: The winners in full

Best Actress Maha Alemi, Sofia

Best Actor Mohamed Dhrif, Weldi  

Best Screenplay Meryem Benm’Barek, Sofia  

Best Documentary Of Fathers and Sons by Talal Derki

Best Film Yomeddine by Abu Bakr Shawky

Best Director Nadine Labaki, Capernaum
 

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.”

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Election pledges on migration

CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom" 

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months
What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

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