Saeed al Mazrooei is an impatient young man.
Six months ago, with no previous flat racing experience, he decided to become a jockey. Within three years, he says, he intends to be riding in horse racing's biggest competitions.
That's an ambitious plan for a 23-year-old business school graduate who is still a novice in the world of speeding half-ton thoroughbreds, tiny saddles and the precariously short stirrups.
"This is what I want to do with my life," he said. "Inside three years I would like to be riding in the best races in the world - races like the Breeders' Cup."
Never mind that most world-class jockeys put in years as an amateur or apprentice rider before reaching the big leagues. The Dubai native appears unperturbed by the huge challenge he has set himself.
"It's all about getting as much experience as I can," said al Mazrooei, who comes from a family of endurance riders. "I want to be in the saddle as often as possible."
Last Friday, after a whirlwind half-year of training that included a four-month stint at a jockey school in Ireland, al Mazrooei rode in his first professional race. He finished seventh out of 13 in a 1,400m handicap at Jebel Ali Racecourse.
World-renowned jockeys including Kieren Fallon, the six-time British champion, and Richard Hills, Sheikh Hamdan bin Rashid's premier rider, were also on Friday's card. Their skills in the saddle are a result of decades of experience - but al Mazrooei doesn't intend to wait that long.
His fast-track education will continue at the Grandstand Stables, situated behind Meydan Racecourse in Dubai, where trainer Ali Rashid al Raihe has shaped the careers of jockey Ahmed Ajtebi and Mahmood al Zarooni, Godolphin's second trainer.
"I know I am in the best place to learn," said al Mazrooei, who has a daily 3.30am start. "I'm impatient to develop as quickly as possible, to ride the best horses and to get out there and start racing."
Al Raihe can confirm reports of al Mazrooei's impatience. A veteran trainer who has spent 15 years conditioning horses in the UAE, he counsels patience to his ambitious young charge.
"I tell him to take it one step at a time," said al Raihe, who added that the eager jockey often asks to gallop the yard's stable stars, including Al Shemali, the 2010 Dubai Duty Free winner.
"Every day he asks me to put him up on the best horses. He is learning very fast but he must start small and learn well.
"Before we considered him to ride in a race he jumped from the starting gates with stalls handlers and the starter and galloped with our number one jockey, Royston Ffrench, Ahmed [Ajtebi] and Willie Supple.
"It is very good that he is passionate about being a jockey and wants to do everything quickly, but I tell him to go step by step."
Al Mazroorei, who stands 1.61m tall and weighs 47kgs, is trying to make up for lost time. Most of his colleagues were brought up in horse racing and started riding, either as an amateur or an apprentice, when they were 16.
Harry Bentley, the 18-year-old British apprentice who rode his ninth UAE winner on Sunday, is an example of the tried and tested journey from amateur to fully-fledged jockey.
Work experience at a racing yard gave way to riding out. That led to rides in amateur races and finally to an apprenticeship.
Now, Bentley has already ridden 13 winners in England and here in the UAE he is attached to Satish Seemar, the current table-topping trainer.
By the time he reaches al Mazrooei's age, he will have gained another five years' experience. But al Mazrooei says he wants to be more like Ajtebi, a Breeders' Cup-winning jockey and a regular feature at the world's best meetings. He's also an Emirati who started his career later than normal.
Ajtebi was 22 when he had his first career ride at Nad al Sheba in 2003, and 27 when he shed his apprentice tag after spending time learning the ropes in major stables all over the world.
In 2009, he beat a host of top international jockeys to win two turf races on Dubai World Cup Day, aboard Gladiatorus and Eastern Anthem. Soon after, he was propelled by Sheikh Mohammed bin Rashid, the Vice President of the UAE and Ruler of Dubai, into the high-flying world of Godolphin's international string.
It was while riding for Godolphin that he claimed his biggest win to date, the Breeder's Cup Juvenile on Vale of York.
Ajtebi is obviously a role model for al Mazrooei, but the apprentice, who is not short on confidence, sees the Godolphin rider as competition.
"He is my countryman and my brother and he has spoken to me about being a jockey, but if we are in the same race together then of course I want to beat him," al Mazrooei said.
To help in his quest, the Emirates Racing Authority sent the young hopeful to the Riding Academy and Centre of Education jockey school in Ireland - the same path trodden by Ajtebi a few years ago.
"I was riding eight lots every morning," al Mazroorei said. "I learned it was a tiring job but I am committed to this way of life and I want to succeed."
He's prepared, he says, for an uphill struggle to make a name for himself in racing.
If he succeeds, the pay-off is an induction into an elite club of jockeys who travel by private jet and compete in races worth millions on horses worth just as much which are owned by some of the richest, most powerful people in the world. "I thought that being a jockey would be a good future for me," he said.
Yassir Mabrook, the Clerk of the Scales at the racing authority, may travel to South Africa with al Mazrooei during the off-season to help the apprentice gain more experience.
"He has had his first race now and that is good," Mabrook said. "He had to prove to everyone, including the jockeys, that he was ready.
"The next few times he races he will continue on the straight and then when Ali feels he is ready he will start to race around the bend for the longer races.
"Ali is the perfect man to guide Saeed. He knows when to be firm and when to be encouraging."
If anybody knows about patience, it is Ajtebi who went to visit al Mazrooei while the trainee was in Ireland.
"I understand that Saeed wants to be out there riding in every race," Ajtebi said. "That was how I felt too but you have to take time to learn.
"I spent a long time just learning - I was in South Africa and Ireland and Australia, learning from everybody. I was just like him, impatient to start riding winners, but there is so much to learn about being a jockey that you just can't do it overnight."
Ajtebi said he did not mind having a new Emirati rival on the scene either, albeit a rival a few years behind him. "It's great to have another Emirati rider and I hope that there will be more in the future," he said. "I wish Saeed all the best in his career and I hope that in time he surpasses my achievements," Ajtebi said.
sports@thenational.ae
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
INFO
Everton 0
Arsenal 0
Man of the Match: Djibril Sidibe (Everton)
Men's football draw
Group A: UAE, Spain, South Africa, Jamaica
Group B: Bangladesh, Serbia, Korea
Group C: Bharat, Denmark, Kenya, USA
Group D: Oman, Austria, Rwanda
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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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The biog
Prefers vegetables and fish to meat and would choose salad over pizza
Walks daily as part of regular exercise routine
France is her favourite country to visit
Has written books and manuals on women’s education, first aid and health for the family
Family: Husband, three sons and a daughter
Fathiya Nadhari's instructions to her children was to give back to the country
The children worked as young volunteers in social, education and health campaigns
Her motto is to never stop working for the country
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
UAE currency: the story behind the money in your pockets
The bio
Favourite book: Peter Rabbit. I used to read it to my three children and still read it myself. If I am feeling down it brings back good memories.
Best thing about your job: Getting to help people. My mum always told me never to pass up an opportunity to do a good deed.
Best part of life in the UAE: The weather. The constant sunshine is amazing and there is always something to do, you have so many options when it comes to how to spend your day.
Favourite holiday destination: Malaysia. I went there for my honeymoon and ended up volunteering to teach local children for a few hours each day. It is such a special place and I plan to retire there one day.
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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7.
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Singapore
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8.
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Australia
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9.
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Saudi Arabia
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10.
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South Korea
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