Cirrus Des Aigles, here with Olivier Peslier aboard to win the Dubai World Cup Sheema Classic on March 31, 2012, proved the strength of that field with an eight-length win on April 29 at the Prix Ganay in France.
Cirrus Des Aigles, here with Olivier Peslier aboard to win the Dubai World Cup Sheema Classic on March 31, 2012, proved the strength of that field with an eight-length win on April 29 at the Prix Ganay in France.
Cirrus Des Aigles, here with Olivier Peslier aboard to win the Dubai World Cup Sheema Classic on March 31, 2012, proved the strength of that field with an eight-length win on April 29 at the Prix Ganay in France.
Cirrus Des Aigles, here with Olivier Peslier aboard to win the Dubai World Cup Sheema Classic on March 31, 2012, proved the strength of that field with an eight-length win on April 29 at the Prix Gana

Cirrus Des Aigles strides to victory in Prix Ganay


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Cirrus Des Aigles and Rulership underlined the strength of the past two Dubai Sheema Classics on Sunday with Group 1 victories on opposite sides of the world.

In France, Cirrus Des Aigles stamped his authority on a small but select field in the Prix Ganay with a crushing eight-length success.

Rulership beat a high-class international line-up in the Audemars Piguet QEII Cup in Hong Kong.

Cirrus Des Aigles took to the turf at Longchamp Racecourse after his gutsy victory in Dubai last month. Olivier Peslier, his jockey, immediately grabbed the lead and was three lengths clear as the pair cruised into the straight. From there it was simply a matter of the Frenchman steering his mount home to win from Giofra and Reliable Man, both trained by Alain de Royer-Dupre.

Cirrus Des Aigles, trained by Corine Barande-Barbe, is entered in the Singapore Airlines International Cup at Kranji Racecourse next month and the Coronation Cup at Epsom in England in June.

Rulership, trained by Katsihiko Sumii, finished sixth behind Rewilding in last season's Sheema Classic. The Japanese raider was ridden by Umberto Rispoli, the 23-year-old Italian who is to take up a position in France with Mike Delzangles, Sheikh Fahad Al Thani's trainer. Rispoli took the lead with 400 metres left to race with Treasure Beach, who was fourth behind Cirrus Des Aigles at Meydan Racecourse, backtracking to finish ninth.

In Singapore, Rocket Man got back on the winning trail after his second to Krypton Factor in the Dubai Golden Shaheen with a fluid success in the Lion City Cup at Kranji. It was the fourth successive victory in the Group 1 contest for Patrick Shaw's gelding, who beat Michael Freedman's Better Be The One, the ninth horse home in the Al Quoz sprint won by Ortensia.

Felix Coetzee, who rode Rocket Man in Dubai, was once again in the saddle and the South African rider positioned his mount from stall one on the rail out in front, a position the pair never relinquished. After 600m Rocket Man was four lengths clear of Mr Big, trained by Freedman, and Ato, Shaw's other runner, and sauntered home by four lengths.

Although Shaw suggested last season that his stable star was better than Black Caviar, the South African neglected last week to enter his gelding in this summer's Diamond Jubilee at Royal Ascot, the prime target for the Australian mare.

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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.

“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 National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

UAE and Russia in numbers

UAE-Russia ties stretch back 48 years

Trade between the UAE and Russia reached Dh12.5 bn in 2018

More than 3,000 Russian companies are registered in the UAE

Around 40,000 Russians live in the UAE

The number of Russian tourists travelling to the UAE will increase to 12 percent to reach 1.6 million in 2023

Eyasses squad

Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)

Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)  

Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)

Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)

Jemma Eley – goal attack / wing attack (Dubai College)

Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)

Molly Fuller – goal attack / wing attack (Dubai College)

Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)

Noorulain Hussain – goal defence / wing defence (Dubai College)

Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)

Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)         

Eliza Petricola – wing attack / centre (Dubai English Speaking College)

The bio

Who inspires you?

I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist

How do you relax?

Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.

What is favourite book?

The Perks of Being a Wallflower - I think I've read it more than 7 times

What is your favourite Arabic film?

Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki

What is favourite English film?

Mamma Mia

Best piece of advice to someone looking for a career at Google?

If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.  

 

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Pakistan T20 series squad

Sarfraz Ahmed (captain), Fakhar Zaman, Ahmed Shahzad, Babar Azam, Shoaib Malik, Mohammed Hafeez, Imad Wasim, Shadab Khan, Mohammed Nawaz, Faheem Ashraf, Hasan Ali, Amir Yamin, Mohammed Amir (subject to fitness clearance), Rumman Raees, Usman Shinwari, Umar Amin

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

ACL Elite (West) - fixtures

Monday, Sept 30

Al Sadd v Esteghlal (8pm)
Persepolis v Pakhtakor (8pm)
Al Wasl v Al Ahli (8pm)
Al Nassr v Al Rayyan (10pm)

Tuesday, Oct 1
Al Hilal v Al Shorta (10pm)
Al Gharafa v Al Ain (10pm)

Benefits of first-time home buyers' scheme
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Send “thenational” to the following numbers or call the hotline on: 0502955999
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