The fourth seed Andy Murray is the form player going into the Australian Open.
The fourth seed Andy Murray is the form player going into the Australian Open.

Key quartet to fight it out



All eyes turn to Melbourne today for the opening grand slam of the year and arguably the most open men's Australian Open for a good few years. The winner of the event is almost certainly going to come from the top four seeds, but trying to predict who will be lifting the Norman Brookes trophy on Feb 1 in the Rod Laver Arena is easier said than done.

The No 4 seed Andy Murray is the man most in form coming into the competition and his performances and consistency have risen spectacularly in the last six months with a last eight spot at Wimbledon, being runner-up at the US Open and two Masters titles outlining that. Murray has also learned how to win ugly. At Wimbledon he came from two sets down to beat Richard Gasquet, while at the US Open he came back from a poor start to beat Jurgen Melzer.

It is an important facet of any champion to be able to win when not at their best and that does appear to be a skill Murray has picked up. Not that he has needed it of late as he has started this year superbly. Impressive wins over Roger Federer and Rafael Nadal in Abu Dhabi were backed up by defending his Qatar Open title. His serving has been superb thus far, not being broken once in Doha, and that will have to continue if he is to challenge.

He is certainly on the radar of the three-times champion Federer, who appears to be in an unusually tetchy mood as he completed his preparations. It is probably the biggest compliment of Murray's improvement that Federer has spent a lot of time talking about him, saying he needs to win a grand slam before he is considered a genuine threat to the dominance of the top two. Whether it is Federer's genuine feelings, or it is frustration with the state of his current game which is not firing on all cylinders yet, but the former world No 1 does not appear to be in the best of spirits, although victory in Kooyong on Saturday hinted that he may just be peaking at the right time.

But you count out Federer at your peril as his majestic defence of his US Open crown last September demonstrated, and beating him over five sets is a very difficult task - in the last four years only Marat Safin, Nadal and Novak Djokovic have done it. The world No 1 Nadal has never been beyond the semi-finals in Melbourne, but he has improved on the hard court surface over the years and it will take something special from someone to beat him.

The searing power of the Spaniard was there for all to see in Abu Dhabi and Doha, although he may lack match fitness following his early end to last season because of injury, if his loss to Gael Monfils in Doha is anything to go by. The Frenchman could meet Nadal again in the last 16 here, but of most concern to the Spaniard is that if results go to plan it is Murray he will meets in the semi-finals.

The world No 3 Djokovic is arguably the least in-form of the top four, going out of the warm-up event in Brisbane in the first round, before losing in the semi-finals in Sydney on Friday. The Serbian is also complaining of racket problems as he changed brands and he does not look or sound like the force he was 12 months ago, which is not ideal for the defence of his only grand slam title to date, with the Italian Andrea Stoppini awaiting him in the first round.

The world No 3's season tailed off a little last year after his impressive start, but victory in the Masters Cup in Shanghai in November was a reminder of just what he can do. Organisers and spectators will all be hoping the key quartet can navigate the first five rounds to set-up two mouthwatering semi-finals: Nadal v Murray and Djokovic v Federer. Selecting a winner is tough but Federer is sounding like a man on a mission, clearly irked at the talk of Murray usurping him, and it would not surprise me one bit if it is the Swiss who comes out on top for a fourth time in Australia and a 14th grand slam title.

gcaygill@thenational.ae

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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

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By Marion Rankine
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Results:

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Two stars

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.”

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

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Started: 2013

Founder: Ulugbek Yuldashev

Sector: e-commerce

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Principal Investors: self-financed by founder

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

How to join and use Abu Dhabi’s public libraries

• There are six libraries in Abu Dhabi emirate run by the Department of Culture and Tourism, including one in Al Ain and Al Dhafra.

• Libraries are free to visit and visitors can consult books, use online resources and study there. Most are open from 8am to 8pm on weekdays, closed on Fridays and have variable hours on Saturdays, except for Qasr Al Watan which is open from 10am to 8pm every day.

• In order to borrow books, visitors must join the service by providing a passport photograph, Emirates ID and a refundable deposit of Dh400. Members can borrow five books for three weeks, all of which are renewable up to two times online.

• If users do not wish to pay the fee, they can still use the library’s electronic resources for free by simply registering on the website. Once registered, a username and password is provided, allowing remote access.

• For more information visit the library network's website.

UAE currency: the story behind the money in your pockets
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