The four-time champion Rafael Nadal falls on the clay during his defeat to the powerful Swede Robin Soderling.
The four-time champion Rafael Nadal falls on the clay during his defeat to the powerful Swede Robin Soderling.

Nadal crashes out in France



Rafael Nadal, the king of clay, was dethroned yesterday by Robin Soderling who recorded a seismic victory over the world No 1 at a stunned Roland Garros. Boasting an immaculate record of 31 consecutive wins at the French Open, the Spaniard was expected to breeze past the Monaco-based Swede and continue his quest for a remarkable fifth title in a row in Paris. But his reign his now over after Soderling proved the muscular left-hander is not invincible after all on clay.

In reaching the quarter-final for the first time, the No 23 seed became the first player to take a set off Nadal since the 2007 tournament as he powered his way to a 6-2, 6-7 (2-7), 6-4, 7-6 (7-2) victory. It was a win that represents the zenith of a modest career that has failed to see the 24-year-old reach the quarter-final of a grand slam event. Soderling's devastating forehand was a feature of his victory and it was his ambition that led to him making 59 unforced errors to Nadal's 28. But Soderling, who unfurled almost twice as many winners as the Spaniard, was ruthless when it came to converting break points, enjoying an 83 per cent success rate to Nadal's 50.

He will now meet Nikolay Davydenko or Fernando Verdascoin the last eight. The defeat of Nadal opens the draw up for Andy Murray who yesterday superbly dispelled any doubts about his potential to triumph on the red clay of Roland Garros, which suits him less than any of the other grand slam venues. The British No 1 turned in a near-flawless performance to sweep aside what was expected to be a daunting challenge from the 13th-seeded Marin Cilic, a Croatian who had won all three of his previous matches here in straight sets.

Cilic, who needed treatment for a thigh injury in the closing stages of the match, stretched Murray in the opening two sets of their tussle on Suzanne Lenglen court but was powerless to prevent the flying Scotsman from closing him out 7-5, 7-6, 6-1 in 2hr 31min. The outstanding victory earned Murray a quarter-final confrontation with Fernando Gonzalez, of Chile, who also looked good yesterday in despatching the Romanian Victor Hanescu 6-2, 6-4, 6-2. Murray is only the third Briton to reach the last eight of the French in the open era, the world No 3 emulating the achievements of Roger Taylor and Tim Henman but he is in no mood to stop there as he seeks to go one better than his best grand slam showing - defeat to Roger Federer in last year's US Open final. If he continues to restrict his error count like he did against Cilic - he made only 14 unforced mistakes - then he will take some stopping.

One of his main rivals who will not be able to stop Murray is Novak Djokovic who was at a loss to explain his shock early exit at the hands of the 29th-seeded German Philipp Kohlschreiber. The fourth-ranked Serbian refused to make excuses about the way the schedule left him playing catch-up on the rest of the field following rain delays. Djokovic, who won last year's Australian Open, admitted to feeling the mental strain of playing for three days in a row but put his 6-4, 6-4, 6-4 defeat down to his failure to find the rhythm that had enabled him to give a good account of himself in the clay court season and be spoken of as a potential champion of Roland Garros. "This was just a bad day at the office but I take confidence from the way I have played on clay and hope that I can come back and have an even better run next year," said Djokovic.

"I felt good before this match but suddenly on the court it was a different story. The premature removal of Djokovic from the bottom half of the draw should work to the advantage of Roger Federer, who is seeking to capture the one grand slam title that has so far eluded him. Federer, who needs just one more of the major titles to draw level with the American Pete Sampras's record haul of 14, was expecting to meet Djokovic in the semi-finals. The Swiss, whose fourth-round opponent today is the German veteran Tommy Haas, is now probably preparing himself for a semi-final clash with the imposing Argentine Juan Martin Del Potro, who promises to be the next big thing in the men's game. Del Potro has made rapid progress up the rankings list in the last two seasons and the fifth seed stands on the verge of reaching his third successive grand slam semi-final if he can find a way past the top local hope Jo Wilfried Tsonga this afternoon. wjohnson@thenational.ae

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

F1 2020 calendar

March 15 - Australia, Melbourne; March 22 - Bahrain, Sakhir; April 5 - Vietnam, Hanoi; April 19 - China, Shanghai; May 3 - Netherlands, Zandvoort; May 20 - Spain, Barcelona; May 24 - Monaco, Monaco; June 7 - Azerbaijan, Baku; June 14 - Canada, Montreal; June 28 - France, Le Castellet; July 5 - Austria, Spielberg; July 19 - Great Britain, Silverstone; August 2 - Hungary, Budapest; August 30 - Belgium, Spa; September 6 - Italy, Monza; September 20 - Singapore, Singapore; September 27 - Russia, Sochi; October 11 - Japan, Suzuka; October 25 - United States, Austin; November 1 - Mexico City, Mexico City; November 15 - Brazil, Sao Paulo; November 29 - Abu Dhabi, Abu Dhabi.

THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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

Monster Hunter: World

Capcom

PlayStation 4, Xbox One

UAE%20medallists%20at%20Asian%20Games%202023
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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ETelr%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202014%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E65%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20and%20payments%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3Enearly%20%2430%20million%20so%20far%3C%2Fp%3E%0A

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.”

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

While you're here
MATCH INFO

Argentina 47 (Tries: Sanchez, Tuculet (2), Mallia (2), De La Fuente, Bertranou; Cons: Sanchez 5, Urdapilleta)

United States 17 (Tries: Scully (2), Lasike; Cons: MacGinty)

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

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