Averroes won at Meydan on Saturday for Al Asayl Stables and Ernst Oertel.
Averroes won at Meydan on Saturday for Al Asayl Stables and Ernst Oertel.

Ernst Oertel doubles up at Meydan



DUBAI // Ernst Oertel ended the year by saddling a superb double at the Meydan Racecourse, marking his first success on the track and first success with the thoroughbreds for the Al Asayl Stables.

Averroes, under jockey Cristian Demuro, provided the South African his first winner in the third race, and James Doyle rode Capital Attraction to victory in the fifth as Oertel scooped up both the featured handicaps rated 80-100 in the six-race card.

"We haven't had much luck at Meydan, so we were more hopeful than confident of winning," said Oertel, who took charge of the Abu Dhabi stables of the UAE President Sheikh Khalifa bin Zayed in the summer. "We have only eight thoroughbreds and having got off the mark with them, we are now more hopeful of building for the next season.

"Averroes is a nice new recruit to the yard and had some good form in the UK for Clive Cox. He won his most recent start at Ascot, when ridden by Mirco Demuro, so both brothers have won on him now.

"We were hoping he would stay this far and act on [the All-Weather] and, luckily, he has. Averroes is Carnival-rated already and it would be nice if Capital Attraction could join him as he clearly likes this surface."

Oertel has already won four races with the Purebred Arabians, including the first race of the season in Abu Dhabi on October 30.

Averroes was impressive on his UAE debut. The four-year-old chestnut son of Galileo took up the running on the final turn and progressed strongly to win by more than seven lengths from Royaaty and jockey Patrick Cosgrave, and Achill Bay, ridden by Richard Mullen, was farther six-and-three-quarter lengths back in third. Travel Jig, under Wayne Smith, opened up a 14-length lead halfway through the 2,800-metre distance. However, the four-year-old son of Gone West, who ran a similar race and won in Abu Dhabi, ran out of steam as the field approached the final turn.

In the fifth race, Capital Attraction, having run a decent fifth behind Fervent Prince at Jebel Ali, made smooth headway to win the rematch over his conqueror (Carlos Sandoval) over the same 1,400m distance.

Ali Rashid Al Raihe, the UAE champion trainer, also won a double to take his tally to 23, four more than his closest challenger, Doug Watson.

Royston Ffrench, the stable jockey, was on the saddle in both his winners, Enjoy Today and Hajoum, who held on to win in a photo finish from Mortbet under Doyle.

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

Company profile

Name: JustClean

Based: Dubai with offices in other GCC countries

Launch year: 2016

Number of employees: 160+ with 21 nationalities in eight cities

Sector:
online laundry and cleaning services

Funding: $30m from Kuwait-based Faith Capital Holding and Gulf Investment Corporation

The specs: Macan Turbo

Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October

SPECS

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

COMPANY PROFILE

Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others

Sun jukebox

Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)

This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.

Elvis Presley, Mystery Train (1955)

The B-side of Presley’s final single for Sun bops with a drummer-less groove.

Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)

Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.

Carl Perkins, Blue Suede Shoes (1956)

Within a month of Sun’s February release Elvis had his version out on RCA.

Roy Orbison, Ooby Dooby (1956)

An essential piece of irreverent juvenilia from Orbison.

Jerry Lee Lewis, Great Balls of Fire (1957)

Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.

The years Ramadan fell in May

1987

1954

1921

1888

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

Company Profile

Company name: myZoi
Started: 2021
Founders: Syed Ali, Christian Buchholz, Shanawaz Rouf, Arsalan Siddiqui, Nabid Hassan
Based: UAE
Number of staff: 37
Investment: Initial undisclosed funding from SC Ventures; second round of funding totalling $14 million from a consortium of SBI, a Japanese VC firm, and SC Venture

Imperial Island: A History of Empire in Modern Britain

Author: Charlotte Lydia Riley
Publisher: Bodley Head
Pages: 384

Voy! Voy! Voy!

Director: Omar Hilal
Stars: Muhammad Farrag, Bayoumi Fouad, Nelly Karim
Rating: 4/5

Victims of the 2018 Parkland school shooting

Alyssa Alhadeff, 14

Scott Beigel, 35

Martin Duque, 14

Nicholas Dworet, 17

Aaron Feis, 37

Jaime Guttenberg, 14

Chris Hixon, 49

Luke Hoyer, 15

Cara Loughran, 14

Gina Montalto, 14

Joaquin Oliver, 17

Alaina Petty, 14

Meadow Pollack, 18

Helena Ramsay, 17

Alex Schachter, 14

Carmen Schentrup, 16

Peter Wang, 15

SPEC SHEET: SAMSUNG GALAXY Z FLIP5

Display: Main – 6.7" FHD+ Dynamic Amoled 2X, 2640 x 1080, 22:9, 425ppi, HDR10+, up to 120Hz; cover – 3/4" Super Amoled, 720 x 748, 306ppi

Processor: Qualcomm Snapdragon 8 Gen 2, 4nm, octa-core; Adreno 740 GPU

Memory: 8GB

Capacity: 256/512GB

Platform: Android 13, One UI 5.1.1

Main camera: Dual 12MP ultra-wide (f/2.2) + 12MP wide (f/1.8), OIS

Video: 4K@30/60fps, full-HD@60/240fps, HD@960fps

Front camera: 10MP (f/2.2)

Battery: 3700mAh, 25W fast charging, 15W wireless, 4.5W reverse wireless

Connectivity: 5G; Wi-Fi, Bluetooth 5.3, NFC (Samsung Pay)

I/O: USB-C

Cards: Nano-SIM + eSIM; no microSD slot

Colours: Cream, graphite, lavender, mint; Samsung.com exclusives – blue, grey, green, yellow

In the box: Flip 4, USB-C-to-USB-C cable

Price: Dh3,899 / Dh4,349

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.”


Abtal

Keep up with all the Middle East and North Africa athletes at the 2024 Paris Olympics

      By signing up, I agree to The National's privacy policy
      Abtal