Many people think of riding as just mounting a horse and galloping away. In truth, horse riding is an experience of communication between the horse and the rider, and also between the rider and his history.
One of the main reasons this sport means so much to Emiratis is because of its long tradition. In its many forms, horse riding has always given us a sense of pride and nobility.
Arabian horses mainly originate from the Arab Gulf countries and they represent the oldest, purebred lines in the world. In past times, Arabians were most valuable on the battlefield, but in the modern era their bloodlines have been used to improve other breeds by adding speed, endurance and strength.
There is a deep emotional connection as well. These horses have always been strongly linked to people - in nomadic times, horse were brought into the tents for protection and shelter alongside humans.
Arabs today still believe that these purebreds are smart, quick learners and faithful. Those traits have been spread because, nowadays, most bloodlines have some Arabian in them.
This bond between people and horses stretches back into antiquity. Horse drawings have been discovered in caves dating from 3,000 BC during the Bronze Age. Indeed, during the Ice Age more than 12,000 years ago, horses roamed every continent except Antarctica.
As in the Middle East, most cases of early domestication are associated with transport and, quite often, the fearsome use of cavalry in war.
There are still elements of this warlike tradition. In present-day equine sports, to be a victorious rider you have to have a warrior's spirit. This aspect in particular means a lot to many Emiratis. Horse riding might lead to pain or danger, but a rider should never show his fear. Courage counts as one of the main attributes of the sport.
But of course, the main purpose of horse riding in no longer to knock your enemy on the head. Equine sports have expanded into a great range of disciplines from show jumping, endurance, dressage, vaulting, driving, cross country and reining. While each of these different sports has its own specialised skills and characteristics for both horses and riders, as well as different techniques and ways of riding, they all share similar principles.
Training a horse takes a lot of time. In that sense, horse riding in any form is about patience, although some disciplines do require more training time. That training period is a great challenge for both the trainer and the horse.
As people differ, horses do as well. Each and every horse has its own personality and character; they can also be very moody, which makes it very difficult for the trainer. In these cases, trainers have to bring their full scope of experience to bear.
People process their thoughts and feelings by talking to one another, whereas for horses, it's all about actions. It is of the utmost importance that, as sensitive and bright animals, they are treated well.
For example, if a rider wants to steer his mount, he does so by pulling the reins which are attached to a bit in the horse's mouth. Imagine someone yanking roughly at a piece of metal in your mouth. In respectful dealings with horses, a gentle hand is necessary or else the horse will either resist or misunderstand the intention. It is a question of empathy, of the rider training himself to understand what his mount is thinking.
That aspect of personal development is interrelated with national development. Equine sports are a symbol of how the UAE is moving forward and proving itself - not only as a competitor on the world stage, but to demonstrate heritage and traditions to the rest of the world. In the most prestigious competitions around the world, Emiratis are found participating and winning.
It shows how the world is getting smaller and bound together by these worldwide events. By participating, Emiratis are expanding their connections to the rest of the world.
Participating in world-class tournaments means a lot for any rider, no matter if they are at the top or a lower level of the sport. It is a great experience to compete against world-class competition - just looking at them can be inspiration to improve. You watch how they ride and say to yourself, one day I will do the same or even better.
For the first time last year, the UAE was represented at the World Equestrian Games held in Kentucky. It is a new chapter in a tradition of riding.
Generations of poets have given voice to this special relationship with Arabian horses, praising their strength, speed and appearance. Equestrian traditions may have changed over the centuries, but at its heart our relationship with the horse remains the same.
Shakhboot bin Nahayan is a student at Abu Dhabi Men's College
What is Bitcoin?
Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.
The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
Based: Dubai
Industry: E-grocery
Initial investment: $150,000
Future plan: Raise $1.5m and enter Saudi Arabia next year
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
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The biog
Age: 19
Profession: medical student at UAE university
Favourite book: The Ocean at The End of The Lane by Neil Gaiman
Role model: Parents, followed by Fazza (Shiekh Hamdan bin Mohammed)
Favourite poet: Edger Allen Poe
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.”
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What went into the film
25 visual effects (VFX) studios
2,150 VFX shots in a film with 2,500 shots
1,000 VFX artists
3,000 technicians
10 Concept artists, 25 3D designers
New sound technology, named 4D SRL
Racecard
6pm: The Pointe - Conditions (TB) Dh82,500 (Turf) 1,400m
6.35pm: Palm West Beach - Maiden (TB) Dh82,500 (T) 1,800m
7.10pm: The View at the Palm - Handicap (TB) Dh85,000 (Dirt) 1,400m
7.45pm: Nakeel Graduate Stakes - Conditions (TB) Dh100,000 (T) 1,600m
8.20pm: Club Vista Mare - Handicap (TB) Dh95,000 (D) 1,900m
8.55pm: The Palm Fountain - Handicap (TB) Dh95,000 (D) 1,200m
9.30pm: The Palm Tower - Handicap (TB) Dh87,500 (T) 1,600m
The five pillars of Islam
Test series fixtures
(All matches start at 2pm UAE)
1st Test Lord's, London from Thursday to Monday
2nd Test Nottingham from July 14-18
3rd Test The Oval, London from July 27-31
4th Test Manchester from August 4-8
MISSION: IMPOSSIBLE – FINAL RECKONING
Director: Christopher McQuarrie
Starring: Tom Cruise, Hayley Atwell, Simon Pegg
Rating: 4/5