• An emotional Roger Federer, left, of Team Europe sits alongside his playing partner Rafael Nadal after their Laver Cup doubles match against Team World's Jack Sock and Frances Tiafoe at the O2 Arena in London on Friday, September 23, 2022. AP
    An emotional Roger Federer, left, of Team Europe sits alongside his playing partner Rafael Nadal after their Laver Cup doubles match against Team World's Jack Sock and Frances Tiafoe at the O2 Arena in London on Friday, September 23, 2022. AP
  • Roger Federer struggles to contain his tears after the Laver Cup match on Friday. Federer lost the doubles match with Nadal, marking the end of an illustrious career that included 20 Grand Slam titles. AP
    Roger Federer struggles to contain his tears after the Laver Cup match on Friday. Federer lost the doubles match with Nadal, marking the end of an illustrious career that included 20 Grand Slam titles. AP
  • Roger Federer wipes away his tears at the O2 Arena in London. PA
    Roger Federer wipes away his tears at the O2 Arena in London. PA
  • Roger Federer acknowledges the crowd after playing his final professional match during the Laver Cup in London on Friday. AP
    Roger Federer acknowledges the crowd after playing his final professional match during the Laver Cup in London on Friday. AP
  • Roger Federer is hoisted by Team Europe teammates after playing his final match. AFP
    Roger Federer is hoisted by Team Europe teammates after playing his final match. AFP
  • Roger Federer and Rafael Nadal wipe away their tears in London. AFP
    Roger Federer and Rafael Nadal wipe away their tears in London. AFP
  • Team Europe's Rafael Nadal and Roger Federer during their doubles match against Team World's Jack Sock and Frances Tiafoe. Reuters
    Team Europe's Rafael Nadal and Roger Federer during their doubles match against Team World's Jack Sock and Frances Tiafoe. Reuters
  • Roger Federer during his doubles match with Rafael Nadal. Reuters
    Roger Federer during his doubles match with Rafael Nadal. Reuters
  • Roger Federer shakes hands with USA's Jack Sock of Team World after their Laver Cup doubles match at the O2 Arena in London. AFP
    Roger Federer shakes hands with USA's Jack Sock of Team World after their Laver Cup doubles match at the O2 Arena in London. AFP
  • Rafael Nadal of Team Europe during the doubles match. Getty
    Rafael Nadal of Team Europe during the doubles match. Getty
  • Roger Federer hits a return. AFP
    Roger Federer hits a return. AFP
  • An emotional Roger Federer is embraced by his wife Mirka. AP
    An emotional Roger Federer is embraced by his wife Mirka. AP
  • Roger Federer embraces his wife Mirka and their children. AP
    Roger Federer embraces his wife Mirka and their children. AP
  • A fan in tears after Team Europe's Roger Federer and Rafael Nadal lose their Laver Cup doubles match. AP
    A fan in tears after Team Europe's Roger Federer and Rafael Nadal lose their Laver Cup doubles match. AP
  • Roger Federer of Team Europe is embraced by his wife Mirka. AP
    Roger Federer of Team Europe is embraced by his wife Mirka. AP
  • Team World's Jack Sock, left, and Frances Tiafoe react after winning a point against Team Europe's Roger Federer and Rafael Nadal. AP
    Team World's Jack Sock, left, and Frances Tiafoe react after winning a point against Team Europe's Roger Federer and Rafael Nadal. AP

Andy Murray fears Roger Federer's supreme talent might make coaching a struggle


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Andy Murray has said that the depth of Roger Federer's talent might make it tough for him to become a coach after his retirement.

Federer called time on his professional tennis career at the Laver Cup at the weekend after playing doubles with old rival Rafael Nadal on Friday in his final competitive match.

Federer, who won 20 Grand Slams in his glittering career, ripped up the record books and is widely-regarded as the finest player ever to wield a racket.

Murray, who lost three Grand Slam finals to the Swiss great, was part of Team Europe that suffered a 13-8 loss to Team World in the Ryder Cup-style tournament to ensure Federer, 41, was denied one final trophy.

Federer has hinted that he would like to play exhibition events but has been guarded about the chances of moving into coaching at some point in the future.

“I'm sure if he was to coach one day, which he obviously doesn't need to – he'd pick players that I'd imagine he'd be motivated to be coaching in the big matches and helping there,” Murray told reporters at the O2 Arena in London on Sunday.

“The one thing that is I think difficult when you are as talented and have as many options as him is to remember that not everybody can do the things that he did.

“He had the ability to play everything and he had so many options at his disposal that that's the challenging thing also as a coach sometimes, especially someone in his position.”

Three-time Slam winner Murray backed Federer as a future Laver Cup captain after Bjorn Borg indicated the sixth edition in Vancouver next year could be his last.

“I'm sure Roger is going to stay involved in the event in some capacity and maybe one day captain the team,” Murray added.

“Look, he's great on the side [coaching]. He watches a lot of tennis, he loves the game. For ex-players that go into coaching, I think that's important to sort of stay current and know a lot of the players.”

Murray made his Laver Cup debut in London, joining other members of the “Big Four” – Federer, Nadal and Novak Djokovic in competing for Team Europe.

Djokovic also expressed his hope that Federer would turn his hand to coaching. “I think that Roger can offer a lot,” he said. “I mean … it's logical to expect him to be able to share so many useful and valuable things with anybody really.

“If he ever would consider doing that, I'm sure that he's going to bring a lot of positive things to the improvement of that player, whether male or female, in every aspect on and off the court.

“He's undoubtedly one of the greatest players to play the game, the way he played it, with his style and effortlessness.”

UAE currency: the story behind the money in your pockets

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.”

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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.

The specs

Engine: 3-litre twin-turbo V6

Power: 400hp

Torque: 475Nm

Transmission: 9-speed automatic

Price: From Dh215,900

On sale: Now

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

While you're here
About Housecall

Date started: July 2020

Founders: Omar and Humaid Alzaabi

Based: Abu Dhabi

Sector: HealthTech

# of staff: 10

Funding to date: Self-funded

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MATCH INFO

Uefa Champions League semi-finals, first leg
Liverpool v Roma

When: April 24, 10.45pm kick-off (UAE)
Where: Anfield, Liverpool
Live: BeIN Sports HD
Second leg: May 2, Stadio Olimpico, Rome

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

Updated: September 26, 2022, 11:28 AM