Vera Zvonareva is by no means cannon fodder for Serena Williams in today's women's final.
Vera Zvonareva is by no means cannon fodder for Serena Williams in today's women's final.

Serena Williams is wary of foe's fine form



LONDON // Win or lose in her first grand slam final this afternoon, Vera Zvonareva has done a remarkable job of re-establishing herself among the elite of women's tennis after her career was threatened by an ankle operation in November. An unlikely triumph over the defending champion and three-times Wimbledon winner Serena Williams would boost Zvonareva into the seventh spot in the WTA rankings, after having arrived at the All England Club in 21st position.

Defeat would make her ninth and still a strong contender to qualify for the year-ending tour championships in Doha. She is also guaranteed to make what is, by her standards, a belated annual breakthrough of the US$1 million (Dh3.6m) earnings barrier. Victory would take the Russian's career total well beyond $8m; defeat would take her up to $7.5m. A winner of 10 titles, Zvonareva is by no means cannon fodder for Williams to shoot down in the same ruthless fashion as she has disposed of her other six rivals here, all without the concession of a single set.

Zvonareva showed, particularly in ending the hopes of US Open champion Kim Clijsters, why she is the woman considered to have the best chance of dethroning Williams. She is in no doubt that she will need all of her battling qualities if she is going to notch her first major title in her 30th attempt. "I think I know how to turn matches round much better than used to be the case," she said, explaining her strong comebacks from a set down in both her quarter-final and semi-final matches.

"I think it is a question of experience. I know now how to handle different situations." Zvonareva was grateful yesterday for a much more routine passage to the women's doubles final as she and fellow Russian Elena Vesnina needed only 62 minutes to account for Gisela Dulko and Flavia Pennetta 6-3, 6-1. "I feel pretty good right now," she said. "Very excited about reaching another final and doing so without spending too long on court."

Williams's serve has proved a frighteningly destructive weapon over the past fortnight. Her aces aggregate reached 80 in her semi-final. But Zvonareva's impressive form means the American is guarding against taking a 13th grand slam title for granted. "I think everybody goes through a phase when they become over-confident if they keep on winning," she said. "I made that mistake once, against Monica Seles, and ended up losing.

"It's important not to do that any more." Nevertheless, Williams is hoping a Wimbledon decade will end in the same way it started, with a member of her family holding aloft the appropriately named Venus Rosewater Dish. Her big sister Venus won it for the first of five times in 2000 and Serena claimed the first of her three titles two years later. Since then, only Maria Sharapova in 2004 and Amelie Mauresmo in 2006 have broken the Williams family's grip on the most coveted trophy in the game. wjohnson@thenational.ae

Results

3pm: Handicap (PA) Dh40,000 (Dirt) 1,000m; Winner: Dhafra, Antonio Fresu (jockey), Eric Lemartinel (trainer)

3.30pm: Maiden (PA) Dh40,000 (D) 2,000m; Winner: Al Ajayib, Antonio Fresu, Eric Lemartinel

4pm: Handicap (PA) Dh40,000 (D) 1,700m; Winner: Ashtr, Abdul Aziz Al Balushi, Majed Al Jahouri

4.30pm: Handicap (TB) Dh40,000 (D) 1,700m; Winner: Falcon Claws, Szczepan Mazur, Doug Watson

5pm: Sheikh Dr Sultan bin Khalifa Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,700m; Winner: Al Mufham SB, Al Moatasem Al Balushi, Badar Al Hajri

5.30pm: Sharjah Marathon – Handicap (PA) Dh70,000 (D) 2,700m; Winner: Asraa Min Al Talqa, Al Moatasem Al Balushi, Helal Al Alawi

The specs

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Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

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A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

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UAE currency: the story behind the money in your pockets
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Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

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THE SPECS

BMW X7 xDrive 50i

Engine: 4.4-litre V8

Transmission: Eight-speed Steptronic transmission

Power: 462hp

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%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%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.”

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait