PARIS // Novak Djokovic will on Sunday attempt to become only the second man to beat eight-time champion Rafael Nadal at Roland Garros when the world’s two best players meet in the French Open final.
Djokovic, who has six majors to his name, needs a Paris trophy to become just the eighth man in history to have won all four grand slam events.
He also has the advantage of having defeated Nadal in their last four meetings, including on clay in the Rome Masters final last month.
Djokovic was defeated by Nadal in the 2012 final in Paris but came desperately close to beating him in the semi-finals in 2013 when he led 4-2 in the final set.
The 27-year-old Serb, who is playing in his 13th grand slam final compared to Nadal’s 20th, believes the key to victory is to take the Spaniard out of his comfort zone on the Philippe Chatrier court where he has only lost once, a fourth round exit to Robin Soderling in 2009.
“It’s a very wide and very big court. He likes to have that visual effect, as well, because it appears that he gets every ball back,” Djokovic said.
“He feels more comfortable when he plays on the bigger court. That’s one of the reasons why he’s so successful here.
“But we played some really close and good matches, good quality matches the last two years here, especially the one last year serving at 4-3 in the fifth set to go 5-3. It was a very close one.
“And knowing that I was that close to win against him the past two years gives me that reason to believe that I can make it this time. He’s not unbeatable.”
The momentum, however, appears to be with Nadal who allowed Wimbledon champion Andy Murray just six games in a brutal semi-final demolition on Friday.
“It’s nothing new for Novak to be in the final here. He has the motivation to win Roland Garros for the first time for sure,” said Nadal who has won their last three Grand Slam meetings and all four of their previous encounters at Roland Garros.
“But at the same time, he has the pressure to win for the first time.”
In what will be the pair’s 42nd meeting, world No 1 Nadal hopes to wrap up a ninth triumph in nine finals in Paris and take his record to 66 wins and just one defeat.
Victory would also make the 28 year old the first man to win Roland Garros five years in a row and give him a 14th grand slam title, just three behind the record of 17 held by Roger Federer who is nearly five years older.
The rivalry between Nadal and Djokovic stretches back to 2006.
Their first meeting was in the quarter-finals at the French Open when Djokovic retired with back trouble.
Since then they have fought out a series of classic battles, most notably the 2012 Australian Open final which lasted almost six hours.
That match won by Djokovic was played under the Melbourne floodlights whereas Sunday’s final is expected to be greeted by bright sunshine and temperatures pushing towards the 30-degree mark.
No wonder Nadal was all smiles.
“For me it is much better when the weather is like today. My ball creates more topspin. The ball goes quicker in the air, and with my forehand I am able to create more with less,” said Nadal who has a career 13-4 winning record on clay over Djokovic.
Since winning his first title at Sopot in 2004, Nadal has suffered just 15 defeats on clay but three have come have come this year, the most recent of which was to Djokovic in Rome.
“The win in Rome definitely gives me confidence and hopefully self-belief,” Djokovic said.
“On the other hand, the physical challenge that we present to each other is a very important factor in our matches. I know that I’m going to be facing a player who plays every point like a match point.
“He’s a great fighter, and I know that it’s going to be a physically very demanding match. But I’m ready for it.”
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Earth under attack: Cosmic impacts throughout history
- 4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon
- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.
- 50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater
- 1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.
- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
- 1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.
-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.
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.”
Jordan cabinet changes
In
- Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
- Dr Bassam Samir Al Talhouni, Minister of Justice
- Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
- Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
- Falah Abdalla Al Ammoush, Minister of Public Works and Housing
- Basma Moussa Ishakat, Minister of Social Development
- Dr Ghazi Monawar Al Zein, Minister of Health
- Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
- Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth
Out
- Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
- Hala Noaman “Basiso Lattouf”, Minister of Social Development
- Dr Mahmud Yassin Al Sheyab, Minister of Health
- Yahya Moussa Kasbi, Minister of Public Works and Housing
- Nayef Hamidi Al Fayez, Minister of Environment
- Majd Mohamed Shoueika, Minister of Public Sector Development
- Khalid Moussa Al Huneifat, Minister of Agriculture
- Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
- Mounir Moussa Ouwais, Minister of Water and Agriculture
- Dr Azmi Mahmud Mohafaza, Minister of Education
- Mokarram Mustafa Al Kaysi, Minister of Youth
- Basma Mohamed Al Nousour, Minister of Culture