Talent often comes with idiosyncrasy in thoroughbreds and Kiaran McLaughlin has derived great satisfaction at ironing out the little issues that lay between the ears of both Frosted and Tamarkuz these past few weeks.
The Godolphin trainer hopes that all of his hard work pays off on Saturday when Frosted bids to derail American Pharoah’s Triple Crown momentum in the Belmont Stakes in New York under Joel Rosario.
Tamarkuz attempts to tack on a fifth successive victory to the quartet he accumulated at Meydan this winter in the Grade 1 Metropolitan Handicap on the same card.
Frosted had to be almost reconstructed as a racehorse before his victory in the Grade 1 Wood Memorial Stakes in April.
Read more:
– Final jewel of Triple Crown is within American Pharaoh’s reach
– American Pharoah trainer Baffert basks in Preakness glow with Triple Crown shot in sight
McLaughlin had to give the Godolphin grey a soft palate operation, a change of tactics and blinkers.
After his victory at Aqueduct, the Darley homebred ran a huge race to finish fourth behind American Pharoah in the Kentucky Derby and is considered the chief threat to Bob Baffert’s Derby and Preakness Stakes winner.
Tamarkuz, on the other hand, is a work in progress. The Godolphin Mile victor found it difficult to break well in Dubai and, since arriving at McLaughlin’s Belmont base on April 19, Tamarkuz has been schooled extensively in the starting stalls.
“He was naughty for the first few times, but the gate crew learnt him, and he learnt them. Now he walks right in and stands there great,” McLaughlin said from Belmont.
“The other day we popped him out the front because he didn’t break well on World Cup night but he was fine.
“The last two workouts he worked with Frosted and they went head-to-head, and he wanted to be in front and wanted to beat Frosted. I’ve watched his races in Dubai and he is very game and tough. It is nice to see that from a horse you have got. He is a big-hearted horse.
“It’s great because Frosted won a Grade 1 after we worked out his issues. We haven’t run Tamarkuz yet so we don’t know if we have fixed any of his. We hope he runs a crack race and can be a future stallion for Shadwell.”
Frosted was off the pace in the Kentucky Derby and had to endure a wide trip. There was no horse finishing stronger at Churchill Downs, though, and, after a five-week break, McLaughlin is hopeful of adding to the win achieved by Jazil for Shadwell in 2006.
Frosted is by Tapit, a sire who produced last year’s winner Tonalist, and out of a mare by Deputy Minister, who sired Awesome Again, the 1998 Breeders’ Cup Classic winner.
While Frosted’s breeding undoubtedly marks him as one of the more likely to get home over the stamina-sapping 2,400 metres on dirt, with the last nine winners of the Belmont skipping the Preakness, McLaughlin is hoping fatigue steps in to aid his charge.
“You are never sure about 12 furlongs over the dirt in America,” McLaughlin said. “The way he closed in the Derby he was the only horse running late, so that gives us confidence.
“One of the main factors is that the Triple Crown is very demanding on a three-year-old colt; to run three times in five weeks, over different distances and different courses. American Pharoah has been awesome, but this is his fourth race in eight weeks and we hope it catches up with him.
“We feel the timing is to our advantage. We need Frosted to have an A-plus race and American Pharaoh to have a B race. We like our chances.”
Frosted is one of two UAE-owned horses attempting to prevent American Pharoah becoming the first Triple Crown winner since Affirmed in 1978.
Mike De Kock is in New York to oversee the final preparations for Mubtaahij, the UAE Derby winner owned by Sheikh Mohammed bin Khalifa.
Mubtaahij finished eighth in the Kentucky Derby and had a tough workload last week, which culminated in a 1,000m gallop on Saturday in one minute, 1.05 seconds, the seventh fastest at the distance on Belmont’s main track.
Mubtaahij is set to be ridden by Ortiz and will face only seven rivals after Todd Pletcher scratched Carpe Diem on Monday and Kenny McPeek withdrew The Truth Or Else.
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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
The five pillars of Islam
ON%20TRACK
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Champions League Last 16
Red Bull Salzburg (AUT) v Bayern Munich (GER)
Sporting Lisbon (POR) v Manchester City (ENG)
Benfica (POR) v Ajax (NED)
Chelsea (ENG) v Lille (FRA)
Atletico Madrid (ESP) v Manchester United (ENG)
Villarreal (ESP) v Juventus (ITA)
Inter Milan (ITA) v Liverpool (ENG)
Paris Saint-Germain v Real Madrid (ESP)
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
The%20Killer
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Getting there
The flights
Emirates and Etihad fly to Johannesburg or Cape Town daily. Flights cost from about Dh3,325, with a flying time of 8hours and 15 minutes. From there, fly South African Airlines or Air Namibia to Namibia’s Windhoek Hosea Kutako International Airport, for about Dh850. Flying time is 2 hours.
The stay
Wilderness Little Kulala offers stays from £460 (Dh2,135) per person, per night. It is one of seven Wilderness Safari lodges in Namibia; www.wilderness-safaris.com.
Skeleton Coast Safaris’ four-day adventure involves joining a very small group in a private plane, flying to some of the remotest areas in the world, with each night spent at a different camp. It costs from US$8,335.30 (Dh30,611); www.skeletoncoastsafaris.com
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Bullet%20Train
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Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
The specs
Engine: 2x201bhp AC Permanent-magnetic electric
Transmission: n/a
Power: 402bhp
Torque: 659Nm
Price estimate: Dh200,000
On sale: Q3 2022
Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Company%20profile
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The biog
Name: Gul Raziq
From: Charsadda, Pakistan
Family: Wife and six children
Favourite holes at Al Ghazal: 15 and 8
Golf Handicap: 6
Childhood sport: cricket
The specs: 2018 Audi RS5
Price, base: Dh359,200
Engine: 2.9L twin-turbo V6
Transmission: Eight-speed automatic
Power: 450hp at 5,700rpm
Torque: 600Nm at 1,900rpm
Fuel economy, combined: 8.7L / 100km
Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
Intercontinental Cup
Namibia v UAE Saturday Sep 16-Tuesday Sep 19
Table 1 Ireland, 89 points; 2 Afghanistan, 81; 3 Netherlands, 52; 4 Papua New Guinea, 40; 5 Hong Kong, 39; 6 Scotland, 37; 7 UAE, 27; 8 Namibia, 27
Family reunited
Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.
She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.
She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.
The couple were married in August 2009 in Winchester and their daughter was born in June 2014.
She was held in her native country a year later.
Fund-raising tips for start-ups
Develop an innovative business concept
Have the ability to differentiate yourself from competitors
Put in place a business continuity plan after Covid-19
Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.)
Have enough cash to stay afloat for the next 12 to 18 months
Be creative and innovative to reduce expenses
Be prepared to use Covid-19 as an opportunity for your business
* Tips from Jassim Al Marzooqi and Walid Hanna
Four motivational quotes from Alicia's Dubai talk
“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”
“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”
“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”
“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”