Mike de Kock is the most successful trainer in the history of the Dubai Carnival but he is still searching for his first World Cup victory.
Mike de Kock is the most successful trainer in the history of the Dubai Carnival but he is still searching for his first World Cup victory.

Bold Silvano gets chance to state his case for a World Cup bid



DUBAI // Bold Silvano, the World Cup hope of Mike de Kock, will use Saturday night's Al Maktoum Challenge Round 3 to prove he is good enough for the world's richest horse race on March 31.

The fragile six year old was one of the most talked-about horses in the UAE last season and was installed as favourite for the 2011 World Cup after romping home in the second round of the Al Maktoum Challenge ahead of Godolphin's Spring of Fame.

But he was withdrawn from the US$10m (Dh36.7m) race after picking up an injury during his final preparations.

Bold Silvano, who won South Africa's biggest race in 2010, is to be given another chance to prove himself for the showpiece race at Meydan Racecourse.

"Tonight is the big test," De Kock said.

"He's either good enough or he isn't and we will find out. I have been very happy with how he's worked at home. He's going a lot better than before the Firebreak Stakes and now it's basically time to see exactly where he is.

"He has always been treated as our World Cup horse and that has been the target for a long time."

After 53 weeks off the track, the son of Silvano made his Meydan Racecourse return in February's 1,600m Group 3 Firebreak Stakes, a trip somewhat short of his best. He finished fifth and De Kock acknowledged he was relieved more than anything else after his charge pulled up sound.

"He had been off the track a long time and, to be honest, I was more delighted by the fact that he came out of that race well and had not picked up any injuries than by the way he acquitted himself," De Kock said.

"That race was essentially a training gallop for him and with a clearer passage he may have gone closer, but the World Cup is the target."

De Kock is the most successful international trainer in the history of the Dubai Carnival but is yet to win the big race on World Cup day.

The South African and his team at Blue Stables, including his assistants Trevor Brown and Steven Jell, have spent many months preparing Bold Silvano for this year's World Cup.

A combination of trackwork, treadmill work and time in the specially purchased horse spa have all been used to keep the runner sound.

"It's a long slow process with him," De Kock said. "We are always very careful with how hard we push him but we know he's come on for his run in the Firebreak and he will just keep getting better with each run."

Christophe Soumillon, De Kock's stable rider, takes the ride on Bold Silvano while Kevin Shea will partner second-string Irish Flame in the same race.

De Kock also saddles Meydan specialist Musir in the Group 3 Burj Nahar.

"He's doing very well," De Kock said. "He is a very honest little horse with a great turn of foot."

Musir is on for his third consecutive victory in the UAE this season after claiming the first round of the 1,600m Group 3 Al Maktoum Challenge on the all-weather and the 1,800m Group 2 Al Rashidiya on the turf.

He stays at the mile (1,800m) trip this evening, a distance that his handler feels is his best.

"I think this is his best trip, he's doing very well indeed and we know that he's very comfortable around Meydan," De Kock said.

Also in the fray for De Kock and principal owner Sheikh Mohammed bin Khalifa is Mickdaam, the three year old.

Mickdaam, who finished second to Godolphin's Kinglet in the 1.600m UAE 2,000 Guineas by just quarter-of-a-length, is expected to improve when he steps up to tonight's trip of 1,900m.

"This is much more his trip," said De Kock. "He will be far more comfortable here or even over further."

@ For more HORSE RACING visit thenational.ae/topics

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Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.

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RESULT

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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.

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“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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  • Individuals must register on UAE Drone app or website using their UAE Pass
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  • Fly it within visual line of sight
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  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Schedule:

Sept 15: Bangladesh v Sri Lanka (Dubai)

Sept 16: Pakistan v Qualifier (Dubai)

Sept 17: Sri Lanka v Afghanistan (Abu Dhabi)

Sept 18: India v Qualifier (Dubai)

Sept 19: India v Pakistan (Dubai)

Sept 20: Bangladesh v Afghanistan (Abu Dhabi) Super Four

Sept 21: Group A Winner v Group B Runner-up (Dubai) 

Sept 21: Group B Winner v Group A Runner-up (Abu Dhabi)

Sept 23: Group A Winner v Group A Runner-up (Dubai)

Sept 23: Group B Winner v Group B Runner-up (Abu Dhabi)

Sept 25: Group A Winner v Group B Winner (Dubai)

Sept 26: Group A Runner-up v Group B Runner-up (Abu Dhabi)

Sept 28: Final (Dubai)

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