Djokovic knocked out by Medvedev in Monte Carlo quarters

Serbia's Novak Djokovic leaves after the quarter final tennis match against Russia's Daniil Medvedev on the day 7 of the Monte-Carlo ATP Masters Series in Monaco on Friday. (AFP)
Updated 19 April 2019
Follow

Djokovic knocked out by Medvedev in Monte Carlo quarters

  • The 10th-seeded Russian was appearing in the last eight of a Masters tournament for the first time but was not overawed

MONACO: An erratic Novak Djokovic suffered a surprise 6-3, 4-6, 6-2 defeat against Daniil Medvedev in the Monte Carlo Masters quarterfinals Friday.

The 10th-seeded Russian was appearing in the last eight of a Masters tournament for the first time but was not overawed. In fact, it was the top-ranked Djokovic who made the most mistakes. The two-time champion looked out of sorts in tricky conditions and produced 47 unforced errors.

“On a windy day like today, conditions are changing every game,” Djokovic said. “It’s tough to find rhythm and he doesn’t give you much rhythm. He was very patient and played well tactically.”

After failing to serve out the match, when his Serbian opponent broke back to 5-2 down, Medvedev broke for the fifth time to seal a memorable victory.

Djokovic double-faulted at 30-30 to give Medvedev his first match point and a backhand winner secured a first win against his top-ranked rival at the fourth attempt, and a first victory against a No. 1.

“It was amazing,” Medvedev said. “He played worse than before and I am gaining more experience. He was not so good in the first set and made a lot of mistakes.”

Medvedev twice had his thighs massaged during changeovers in the third set. “Cramp didn’t affect my game,” he said.

The 23-year-old Monaco resident next faces the unseeded Dusan Lajovic, who also reached a Masters semi for the first time when he beat Italian qualifier Lorenzo Sonego 6-4, 7-5.

Lajovic has not dropped a set at the clay court event and is more surprised than anybody.

“I didn’t expect this. I was sick before the tournament and taking antibiotics,” the 28-year-old Serb said. “But it’s the best week of my career.”

The same goes for the 23-year-old Medvedev, who is ranked 14 and is chasing a fifth career title.

He had lost the three previous matches against Djokovic, including a tough four-setter in the fourth round of this year’s Australian Open.

“In Australia he was at his best, but I made him run for his win there,” said Medvedev.

Djokovic won that tournament to secure a third straight Grand Slam title and 15th overall, moving two behind Nadal and five adrift of Roger Federer’s record haul of 20.

But Djokovic has now failed to reach the last four in three straight tournaments, after also falling short at Indian Wells and Miami.

“I am lacking that determination to go for shots on some points,” he said.

At times it looked like Djokovic would take control and he clinched the second set with two aces. But his shot-making was below its usual high standards and his drop shot rarely worked.

Nadal has won at Monte Carlo a record 11 times. The second-ranked Spaniard plays the unseeded Guido Pella of Argentina later.

The other match is between No. 9 Borna Coric of Croatia and No.13 Fabio Fognini of Italy.


Egypt, UN coordinator stress need for smooth aid delivery to Gaza

Updated 3 min 20 sec ago
Follow

Egypt, UN coordinator stress need for smooth aid delivery to Gaza

  • Sameh Shoukry and Sigrid Kaag discussed the various facets of the humanitarian crisis in the besieged territory
  • Kaag said she appreciated the pivotal role played by Egypt in containing the humanitarian repercussions of the crisis

CAIRO: Egypt’s Foreign Minister Sameh Shoukry and the UN’s coordinator for the Gaza Strip Sigrid Kaag on Tuesday discussed the various facets of the humanitarian crisis in the besieged territory, the volume and quality of aid entering it and the priorities regarding the type of aid.

The meeting took place at the Foreign Ministry’s headquarters in Cairo where the two sides reviewed the ongoing endeavors with various parties to expedite the launch of the UN mechanism as soon as possible.

They affirmed the inevitability of intensifying the volume of aid to meet the needs of the Palestinian people as well as providing the necessary protection for international relief personnel present in the Strip.

Shoukry reaffirmed the legal and humanitarian responsibility incumbent upon international parties to ensure the implementation of the provisions of Security Council Resolution 2720 and all other UN resolutions relevant to the situation in Gaza.

He stressed the necessity of dealing seriously and urgently with the humanitarian crisis in Gaza by reaching an immediate and permanent ceasefire, as well as sustaining aid access in a full, safe and intensive manner to all areas, the removal of impediments imposed by Israel in this regard and the opening of all land crossings to increase the flow of aid.

Kaag affirmed her keenness to continue coordination and consultation with Egypt to carry out her duties. She said she appreciated the pivotal role played by Egypt in containing the humanitarian repercussions of the crisis as well as the existing cooperation between the Egyptian Red Crescent, Egyptian civil society organizations and UN relief agencies to deliver aid.


Arab League condemns surge in West Bank settler attacks

Updated 24 min 11 sec ago
Follow

Arab League condemns surge in West Bank settler attacks

  • Gamal Roshdy: Incidents of violent crimes, arson and property destruction perpetrated by armed settlers have seen a noticeable surge
  • Tensions in the West Bank have been especially high since the outbreak of the Israel-Hamas war in the Gaza Strip on Oct. 7

CAIRO: The Arab League on Tuesday strongly denounced relentless attacks carried out by Israeli settlers on Palestinian cities and towns across the West Bank.

“These attacks, often perpetrated under the tacit approval and protection of Israeli authorities, are exacerbating a pervasive state of impunity and continued oppression of Palestinian lives and properties,” the league said in a statement.

Gamal Roshdy, the secretary-general’s spokesperson, said that while daily atrocities committed by Israeli forces in Gaza demand attention, they must not overshadow the escalating violence in the West Bank.

He added: “Incidents of violent crimes, arson and property destruction perpetrated by armed settlers have seen a noticeable surge, facilitated by a settler-led government that shields them from accountability.”

Roshdy warned that the imposition of sanctions by some countries on settlers, though a belated gesture, falls short of addressing the escalating crisis and safeguarding Palestinian civilians in the West Bank.

He called for action from the UN Security Council to end the “shameful cycle and the culture of impunity prevailing in the West Bank,” and to “hold these settlers accountable for their reprehensible crimes against the Palestinian people.”

Tensions in the West Bank have been especially high since the outbreak of the Israel-Hamas war in the Gaza Strip on Oct. 7.

On Friday, dozens of Israeli settlers stormed a Palestinian village in the Israeli-occupied West Bank, shooting at and burning houses and cars.

The Palestinian Foreign Ministry has strongly condemned the settler violations and crimes against Palestinians across the West Bank.


Pakistan pushes to forge strategic, economic partnership as Saudi FM visits Islamabad

Updated 21 min 56 sec ago
Follow

Pakistan pushes to forge strategic, economic partnership as Saudi FM visits Islamabad

ISLAMABAD: Pakistani top leaders, including the prime minister, president and foreign minister, said on Tuesday the ongoing visit of Saudi Foreign Minister Prince Faisal bin Farhan to Islamabad would help transform a longstanding friendship between the two nations into a strategic and commercial partnership.

Prince Faisal arrived in Pakistan on Monday on a two-day visit aimed at enhancing bilateral economic cooperation and pushing forward previously agreed investment deals. His trip comes a little over a week after Crown Prince Mohammed bin Salman met Prime Minister Shehbaz Sharif in Makkah and reaffirmed the Kingdom’s commitment to expedite investments worth $5 billion.

Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and the top source of remittances to the cash-strapped South Asian country.

“We aim to transform our traditionally fraternal ties into a strategic and economic partnership,” Foreign Minister Ishaq Dar said as he addressed a Pakistan-Saudi Arabia Investment Conference in Islamabad, held under the umbrella of Pakistan’s Special Investment Facilitation Council, set up last year to oversee all foreign investments. 

“Your investments are not just financial commitments but are crucial in nurturing a deeply valued partnership,” Dar told the visiting dignitary. 

“It is through the SIFC platform that we intend to streamline investment processes while ensuring rapid decision making and efficient handling of investments … The SIFC has a central role in augmenting our infrastructure and streamlining our regulatory frameworks to set the stage for a flourishing investment friendly economic environment.”

Saudi and Pakistani officials pose for a group picture after the Pakistan-Saudi Arabia Investment Conference in Islamabad, Pakistan on April 16, 2024. (@KSAMOFA/X)

Dar said SIFC would ensure that investments were “swift and mutually beneficial, embodying our commitment to facilitating foreign direct investment in Pakistan.”

Pakistan was blessed with fertile agricultural lands, minerals and a large and dynamic population, complemented by a flourishing IT sector and abundant prospects for renewable energy creation, the foreign minister added. 

He said Pakistan’s fertile lands and a vast network of water resources presented numerous investment opportunities in agri-tech and food processing, with the South Asian nation having the potential to become the region’s food basket.

“Our mining sector is marked by untapped potential especially in the expansive Tethyan belt known for its abundant deposits of copper, gold and other valuable minerals,” Dar said. “The strategic advancements in these areas are highlighted by projects such as Riko Diq copper [and gold] project which exemplifies our commitment to leveraging our natural resources for mutual benefit.”

Pakistan Prime Minister Shehbaz Sharif (center) meets Saudi foreign minister Prince Faisal bin Farhan who is leading a high-level delegation in Islamabad, Pakistan on April 16, 2024. (PM Office)

On Sunday, Pakistani state media reported Saudi Arabia was likely to invest $1 billion in the mine project in Pakistan’s southwestern Balochistan province, one of the world’s largest underdeveloped copper-gold areas.

The foreign minister said Pakistan’s goal was to transform the country into a hub of economic activity, and innovation and create an attractive environment for global investors like Saudi Arabia. 

“Investing in Pakistan is not merely a placement of capital. It would actually be instrumental toward forging a partnership that promises mutual prosperity and progress,” he concluded. 

“Your engagement and investment in Pakistan will be handled with utmost respect and institutionalized commitment from our side, ensuring that together we achieve remarkable success.”

MEETINGS WITH PM AND PRESIDENT

Prince Faisal also met Pakistani PM Sharif on Tuesday who said the Saudi official’s visit would herald a new era of strategic and commercial partnerships between the two long-time allies.

“The visit is the beginning of a new era of strategic and commercial partnership between Pakistan and Saudi Arabia,” Sharif was quoted as saying in a statement from his office after he met Prince Faisal. “Pakistan wants to further promote cooperation in the fields of trade and investment between the two countries.”

The PM said Pakistan was taking steps to promote foreign investment and make partnerships “mutually beneficial” for allies, adding that Islamabad was grateful to the Saudi leadership for increasing investment.

Informing the Saudi delegation about the wide potential of investment in Pakistan, Sharif briefed them about the Special Investment Facilitation Council and measures the body was taking to promote investment. 

Sharif also invited the Saudi crown prince to Islamabad.

“The people of Pakistan are looking forward to the visit of His Highness the Crown Prince Muhammad Bin Salman to Pakistan,” the PM’s office said.

President Asif Ali Zardari and Prince Faisal also met on Tuesday and reiterated the two nations’ resolve to build a strong partnership and promote mutually beneficial economic cooperation.

Zardari said Pakistan was working to transform its long-standing and decades-old relationship with Riyadh into a “long-term strategic and economic partnership.”

Pakistan's President Asif Ali Zardari meets Saudi Arabia's Foreign Minister Prince Faisal bin Farhan in Islamabad, Pakistan on April 16, 2024. (President's Office)

The two sides also discussed regional dynamics and recent developments in the Middle East and called for an immediate and unconditional ceasefire in Gaza and an end to Israeli air and ground offensives there.

INVESTMENT PUSH

In a statement shared with media on Monday, the Pakistan information ministry said the Saudi delegation would consult with Pakistani officials “on the next stages of investment and implementation issues.”

Saudi Arabia’s planned investment in the Reko Diq gold and copper mining project would be discussed during the visit, the ministry said, adding that Riyadh was also interested in investing in agriculture, trade, energy, minerals, IT, transport and other sectors in Pakistan:

“As a result of this visit, Pakistan’s export capacity will increase, joint ventures will be launched and new opportunities will be paved.”

Cash-strapped Pakistan desperately needs to shore up its foreign reserves and signal to the International Monetary Fund (IMF) that it can continue to meet requirements for foreign financing that has been a key demand in previous bailout packages. Pakistan’s finance minister, Muhammad Aurangzeb, is currently in Washington to participate in spring meetings of the International Monetary Fund and World Bank and discuss a new bailout program. The last loan deal expires this month.

Saudi Arabia has often come to cash-strapped Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up its forex reserves.

Last year, however, Saudi Arabia’s finance minister said the Kingdom was changing the way it provides assistance to allies, shifting from previously giving direct grants and deposits unconditionally and moving toward mutually beneficial investment deals backed by internal economic reforms.

The PM said Pakistan was taking steps to promote foreign investment and make partnerships “mutually beneficial” for allies, adding that Islamabad was grateful to the Saudi leadership for increasing investment.

Informing the Saudi delegation about the wide potential of investment in Pakistan, Sharif briefed them about the Special Investment Facilitation Council and measures the body was taking to promote investment. The body was set up last year to oversee all foreign funding.

Sharif also invited the Saudi crown prince to Islamabad.

“The people of Pakistan are looking forward to the visit of His Highness the Crown Prince Muhammad Bin Salman to Pakistan,” the PM’s office said. 


Pakistan’s key stock index, spurred by hopes of Saudi investment, breaches 71,000 barrier

Updated 16 April 2024
Follow

Pakistan’s key stock index, spurred by hopes of Saudi investment, breaches 71,000 barrier

  • The benchmark KSE 100 index reached a record high of 71,092 points during intra-day trading on Tuesday
  • Saudi Arabia’s foreign minister arrived in Pakistan on Monday with his visit aimed at enhancing economic cooperation

KARACHI: Bulls at the Pakistan Stock Exchange (PSX) welcomed a high-profile Saudi delegation’s visit to Pakistan on Tuesday, as the key stock index registered an all-time high of over 71,000 points during intraday trading as investors hoped Islamabad would attract investment from the Kingdom, analysts said.
The benchmark KSE 100 index reached a record high of 71,092 points during the day on Tuesday before closing 60.9 points down at 70,483.6 level, the stock market’s website showed. The bullish trend followed a day after Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Pakistan on a two-day visit to the country.
The Saudi minister’s visit is aimed at enhancing bilateral economic cooperation and pushing forward previously agreed investment deals with Pakistan. His trip comes a little over a week after Crown Prince Mohammed bin Salman met Prime Minister Shehbaz Sharif in Makkah and reaffirmed the Kingdom’s commitment to expedite investments worth $5 billion.
“The current bullish trend in the stock market is fueled by hopes of realizing Saudi investments and deposits following the visit of a high-profile delegation [to Pakistan],” Muhammad Sohail, CEO of Topline Securities, told Arab News.
Pakistan’s prime minister, president and foreign minister on Tuesday said the Saudi foreign minister’s ongoing visit would help transform a longstanding friendship between the two nations into a strategic and commercial partnership.
Pakistan has identified agriculture, mining, energy and IT sectors for foreign investment through the Special Investment Facilitation Council (SIFC), a hybrid civil-military body that was formed in June last year to attract investments from mainly Gulf countries.
Ali Nawaz, CEO of Chase Securities, said other than the Saudi delegation’s arrival, other reasons had also influenced Pakistani stocks to perform well.
“Firstly, positive corporate performance by listed companies, characterized by revenue growth and profitability, has bolstered investor confidence in the market,” Nawaz told Arab News.
He said Pakistan’s stable political conditions have contributed to a positive sentiment among investors and encouraged them to invest in equities.
“Foreign investors continue to accumulate position in equity markets bringing in much-needed liquidity into capital markets,” Nawaz said.
Ahsan Mehanti, CEO of Arif Habib Corporation, said the stock market had gained impressively during the day but closed at a lower level due to institutional profit taking. Profit taking refers to the act of selling a security to lock in gains after it has risen appreciably.
Mehanti said the development had taken place amid “uncertainty over the outcome of Pakistan-IMF talks for new bailout program and geo-political tensions.”
Pakistan’s finance minister Muhammad Aurangzeb, who is in Washington, has initiated talks with IMF officials to secure a new loan program after the South Asian country’s $3 billion loan program draws to a close this month.
Speaking at an event hosted by the Atlantic Council, a think tank, the finance minister said Pakistan is looking for a larger loan program that would span two to three years in duration.
“We will need a two-to-three period year time period so that we can actually go through the structural reforms,” the finance minister said.


Strong field assembled for 2024 Saudi Open presented by PIF

Updated 43 min 10 sec ago
Follow

Strong field assembled for 2024 Saudi Open presented by PIF

  • Peter Uihlein, who plays for LIV Golf team RangeGoats GC, is making his first visit to Riyadh and expressed his excitement at playing in the Saudi capital
  • Haotong Li: I want to see different golf courses to the ones I have played previously and to visit new parts of the world

RIYADH: A strong field has assembled for the 2024 Saudi Open presented by PIF, commencing tomorrow, April 17, with Asian Tour, LIV Golf and DP World Tour stars teeing off at Riyadh Golf Club.

Thai star Denwit Boriboonsub won the 2023 Saudi Open in December in stunning fashion, but Henrik Stenson, Peter Uihlien and Haotong Li are the standout names hoping to dethrone him, as 144 players from 33 different countries fight for glory from 17-20 April.

There are 20 Arab golfers from eight nations in the field, including seven from Saudi Arabia, who have all been handed the opportunity to compete alongside some of the world’s best players as golf continues to develop in the region. Golf&More will be on display at the course throughout the week with live DJ sessions at sunset, special activities for children and the authentic Sajah Bazaar giving fans the opportunity to immerse themselves in local culture.

Peter Uihlein, who plays for LIV Golf team RangeGoats GC, is making his first visit to Riyadh and expressed his excitement at playing in the Saudi capital. The American believes it will be an action-packed four rounds, filled with low scores and plenty of birdies.

Uihlein said: “I watched the 2023 Saudi Open on TV in December and the Aramco Series Ladies International recently and I saw a lot of low scores, so I am hoping for a tournament full of birdies. It does depend how much the wind blows, but hopefully it dies down later in the week. 

“It’s my first time in Riyadh, having been to Jeddah a few times, and I’m excited about it. I spoke to Othman [Almulla] about how many courses are planned and the ones they are already building around the Kingdom. It is really cool to be here.

“I feel like the stuff I am working on is getting better and better, and I feel a little bit sharper as the weeks go on. It is why I’m here - to carry on working on my game ahead of LIV Adelaide and LIV Singapore.”

Chinese sensation Haotong Li is a four-time DP World Tour winner and has chosen to play in the 2024 Saudi Open presented by PIF to experience the continued growth of the game in the Kingdom.

Li said: “I want to see different golf courses to the ones I have played previously and to visit new parts of the world. It’s extremely exciting to play this week and do something special. I am truly honoured to be here and be a part of growing the game as big as possible. Hopefully everybody starts to fall in love with golf.

Golf Saudi CEO Noah Alireza spoke to gathered media ahead of the tournament and he stressed the importance of the 2024 Saudi Open presented by PIF’s commitment to handing opportunities to national and regional players.

Alireza said: “We are delighted to welcome a strong field to the 2024 Saudi Open presented by PIF following its first staging on the Asian Tour last year and I am certain that this week will prove a success with exciting golf on show at Riyadh Golf Club.

“The opportunity that the Saudi Open presents to all of the competitors, but particularly to the seven Saudi nationals and the 13 other Arab golfers in the field, is one of the main driving forces behind our desire to host this tournament in Riyadh. Playing alongside the best Asian Tour players, plus a number of LIV Golf and DP World Tour members, helps them understand what it takes to reach this level and is a vital part of their golf education. It is a key part of Golf Saudi’s commitment to golf in our country.”