Godolphin’s comparatively small band of racehorses based in Dubai have powered Charlie Appleby and Saeed bin Suroor to the top of the World Cup Carnival trainers’ standings, and the two are set to flex their muscles over the next two Carnival meetings at Meydan, starting on Thursday.
From his Marmoom Stables, Appleby has sent out six Carnival winners from just 13 runners during the first half of the Carnival, while at Al Quoz Bin Suroor is close behind with five wins from 21 runners.
On Thursday the pair will saddle 11 horses between them.
Bin Suroor is gunning for a 10th victory in the UAE 1,000 Guineas and fires off a twin-pronged attack in the US$250,000 (Dh918,000) feature in the form of impressive Trial winner Really Special and Voice Of Truth.
Appleby relies on Calare, who, like Voice Of Truth, was no match for Really Special last month.
On Saturday, Bin Suroor and Appleby will combine to send out 16 runners and have a quartet of regally bred colts who are primed to deliver a ninth UAE 2,000 Guineas for their employer.
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■ More: Five horses to watch at Meydan
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Bin Suroor takes the wraps off deeply impressive European Group 1 winner Thunder Snow, who will be ably supported by Best Solution, the Guineas Trial fourth.
Fly At Dawn produced one of the best performances on the Meydan dirt this season of any horse of any age when powering to victory in the Trial and Appleby will be dual-handed with the improving Capezzano.
Godolphin was set up in 1994 by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, as an elite band of racehorses whose role was to not only plunder the world’s top prizes but plant the UAE flag on foreign soil.
Since then the Dubai-based operation has mushroomed beyond all possible expectations, but last year Godolphin revealed that chief executive John Ferguson had implemented significant pruning, both to bloodstock and racehorses.
Appleby and Bin Suroor have cut back on numbers and have around 20 horses each. They look the leaner and sharper for it.
It is scarcely believable now, but during Meydan’s inaugural season in 2010 Godolphin sent out 195 runners in their Royal Blue silks.
“So far we have enjoyed pretty good success at the Dubai World Cup Carnival,” newly appointed Godolphin assistant racing manager James Clarke said. “Saeed and Charlie lead the trainers’ championship, and this is consistent with a lot of things in terms of our objectives and is part and parcel of our mantra, which is quality over quantity.
“We have been working towards this for much of last year across our racing and breeding stock and are doing everything to have Godolphin competing at the highest level.”
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■ See also: Arrogate nominated for Dubai World Cup
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Godolphin are clearly trying to go back to their foundation tenets, but it is not all going swimmingly.
Bin Suroor and Appleby are playing their roles with distinction, but last season the Godolphin effort was buoyed by the presence of Kiaran McLaughlin, the Dubai World Cup-winning American trainer.
Godolphin initiated the move to have horses shipped in from America, which proved an unbridled success.
McLaughlin stabled horses with Appleby and he saddled three winners from 11 runners.
On World Cup night, Marking ran in the Godolphin Mile, Confrontation in the Dubai Golden Shaheen and Frosted in the main event itself.
This season there has not been a single horse sent over from Godolphin America. According to Clarke, that is not for lack of trying.
“It comes down to whether the American operation has horses that are suited to the Carnival,” he said. “The trainers there just did not have the sort of horses we needed for Dubai.”
McLaughlin has nominated eight horses to the Group 2 UAE Derby but none currently are set to run for Godolphin.
Takaful, Shamsaan and Fayeq, for instance, are three owned by Shadwell, the US racing operation of Sheikh Hamdan bin Rashid.
Confrontation remained in the UAE at Al Quoz during the summer and makes his seasonal debut in Saturday’s Group 3 Firebreak Stakes, a race that has provided the winner of the Godolphin Mile on World Cup night for two of the past three years.
There are only two other horses running across the two fixtures that originated from America.
Alabaster is one. He last ran for Eoin Harty in America in 2015 and runs in the dirt handicap at 7.40pm, on Thursday. Tumbaga is the other.
He runs on Saturday and also started out with Harty in 2013 but left to race in Europe for the 2015 season before coming to Dubai.
Godolphin are a sleeker operation these days and have clearly earmarked these next two Carnival meetings for rich pickings.
With both UAE Guineas on the line, it is back to a more classic Godolphin.
Saeed bin Suroor expects something special in UAE 1,000 Guineas
Saeed bin Suroor is not the most effervescent of trainers so when the master of Al Quoz really fancies a horse, it is always wise to sit up and take notice.
Bin Suroor has a powerful grip on Thursday’s UAE 1,000 Guineas, and having won the race nine times he knows what it takes to win the US$250,000 (Dh918,000) contest.
Really Special, a horse he named, is the overwhelming favourite for the first Classic of the season.
The daughter of dual French Classic winner Shamardal faces 10 rivals, having put away seven of them when she won the Trial last month.
That race was over 1,400 metres, but the step up to 1,600m is almost certain to suit her.
Really Special won over the English 1,000 Guineas course and distance at Newmarket in October when powering to a Listed win under Thursday’s jockey Jim Crowley.
Although she does not move as if dirt is her favourite surface she should really be too good at Meydan.
“Really Special has won all three of her career starts and is a filly we really like,” Bin Suroor said.
“The extra 200m will suit her and we think she has a massive chance.”
Bin Suroor won the inaugural running of the 1,000 Guineas when Muwakleh scored by five-and-a-half lengths in 2001.
That filly went on to finish a noble second in the English equivalent at Newmarket two months later, a race already pencilled in for Really Special, should she prevail.
Really Special is joined by stable companion Voice Of Truth, and Godolphin’s challenge is completed by Charlie Appleby’s Calare, both of whom trailed in Really Special’s wake last time.
Doug Watson is rightly aggrieved that Complimenti is once again drawn wide in Gate 11, after the mount of Pat Dobbs finished just over three lengths adrift of Really Special last time from Gate 13 of 15.
“The draw is obviously not ideal,” Watson said.
“Hopefully Pat will be able to get in to a decent position early on.
“It is a good race but we are expecting a big run.”
Things to look out for at Meydan
■ AF Mathmoon
It has been a slow process to get the Dubai Kahayla Classic winner back in to top gear this season but Musabbeh Al Mheiri finally got the right tune out of Sheikh Hamdan bin Rashid’s six-year-old bay on the opening night of the Carnival. AF Mathmoon strode over eight lengths clear to announce the retainer between the Minister of Finance and British champion jockey Jim Crowley in some style. AF Mathmoon looks far too good for his rivals in the opening race tonight and should put in a sparkling performance ahead of his World Cup night defence.
■ Mizbah
Whatever Mizbah achieves tonight in the 2,000-metre handicap at 7.40pm he will do it by pinging out of the gates, pinning his ears back and motoring for as long as he can under Sam Hitchcott. Mizbah put up one of the performances of this year’s Dubai World Cup Carnival when he smashed a decent field by nearly eight lengths. The dirt was riding very fast on the Carnival’s opening night and that contributed to Mizbah lowering the track record – set by Godolphin’s Frosted last season. Judging by previous form it was a run too good to be true and it makes his performance tonight so intriguing.
■ Triple Nine
The South Koreans have been a welcome addition to the Dubai World Cup Carnival and Triple Nine is the best horse of the four that trainer Kim Young-kwank brought over for this campaign. Main Stay has already provided a historic victory for his country, but Triple Nine has a tide of optimism behind him that threatens to carry him all the way to the World Cup itself.
■ Nashmiah
Nicholas Bachalard has yet to have a winner at Meydan from three horses sent over from Saudi Arabia, but if there is one horse who can topple Saeed bin Suroor’s Really Special it might be Nashmiah. It is unlikely that Saudi Arabian form is stronger than anything else on offer in tonight’s UAE 1,000 Guineas, but the filly brings a whole new set of formlines to the table and finished second in a Saudi Arabian Group 1 last month and looks smart.
■ Brex Drago
Italian racing is in a parlous state, a fact underlined last week when three of their Group 1 races were downgraded to Group 2 level. Brex Drago used to be trained by Stephano Botti in Italy, but the five-year-old bay has had to be transferred to his son, Marco, in Newmarket due to lack of opportunities and delayed prize-money payments. Brex Drago won four Listed races in Italy over the past two seasons and will appreciate the drop back in distance from 2,000m to 1,800m from where he was third last month on his UAE debut. An Italian win would be something to write home about.
Geoffrey Riddle’s tips
■ 6.30pm: Mazrat Al Ruwayah Sponsored by Jaguar XE: Al Mathmoon
■ 7.05pm: Meydan Classic Trial Sponsored by Jaguar XF: Top Score
■ 7.40pm: Range Rover Sport: Triple Nine
■ 8.15pm: Jaguar F-PACE: Solar Flair
■ 8.50pm: UAE 1,000 Guineas Sponsored by Al Tayer Motors: Really Special
■ 9.25pm: Range Rover: Oh This Is Us
■ 10pm: Jaguar F-Type: Secret Brief
sports@thenational.ae
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How does ToTok work?
The calling app is available to download on Google Play and Apple App Store
To successfully install ToTok, users are asked to enter their phone number and then create a nickname.
The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.
Users can also invite other contacts to download ToTok to allow them to make contact through the app.
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.”
DC%20League%20of%20Super-Pets
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More from Armen Sarkissian
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
The five pillars of Islam
The Bio
Favourite place in UAE: Al Rams pearling village
What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
Your favourite type of pearl: All of them. No pearl looks the same and each carries its own unique characteristics, like humans
Best time to swim in the sea: When there is enough light to see beneath the surface
The Pope's itinerary
Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport
Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial
Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Godzilla%20x%20Kong%3A%20The%20New%20Empire
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More Iraq election coverage:
Squads
India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.
Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Bangladesh tour of Pakistan
January 24 – First T20, Lahore
January 25 – Second T20, Lahore
January 27 – Third T20, Lahore
February 7-11 – First Test, Rawalpindi
April 3 – One-off ODI, Karachi
April 5-9 – Second Test, Karachi
Company%20Profile
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Racecard:
6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres
7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m
7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m
8.15pm: Meydan Trophy | Conditions (TB) | $100,000 (T) | 1,900m
8.50pm: Balanchine | Group 2 (TB) | $250,000 (T) | 1,800m
9.25pm: Handicap (TB) | $135,000 (D) | 1,200m
10pm: Handicap (TB) | $175,000 (T) | 2,410m.
The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
RACECARD
6pm Emaar Dubai Sprint – Conditions (TB) $60,000 (Turf) 1,200m
6.35pm Graduate Stakes – Conditions (TB) $100,000 (Dirt) 1,600m
7.10pm Al Khail Trophy – Listed (TB) $100,000 (T) 2,810m
7.45pm UAE 1000 Guineas – Listed (TB) $150,000 (D) 1,600m
8.20pm Zabeel Turf – Listed (TB) $100,000 (T) 2,000m
8.55pm Downtown Dubai Cup – Rated Conditions (TB) $80,000 (D) 1,400m
9.30pm Zabeel Mile – Group 2 (TB) $180,000 (T) 1,600m
10.05pm Dubai Sprint – Listed (TB) $100,000 (T) 1,200m
THE%20STRANGERS'%20CASE
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WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
SPECS
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Overview
Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
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Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
