27/03/10 - Dubai, UAE - Jockey Garrett Gomez rides Kinsale King (USA) , #7, to victory in the Dubai Golden Shaheen at Meydan Racecourse.   ( Andrew Henderson / The National )
27/03/10 - Dubai, UAE - Jockey Garrett Gomez rides Kinsale King (USA) , #7, to victory in the Dubai Golden Shaheen at Meydan Racecourse. ( Andrew Henderson / The National )

Horse racing in focus: Let’sgoforit could lead charge of the underdogs at Meydan



David does not often slay Goliath at the Dubai World Cup Carnival but there is a fair chance that the little guys may prevail at Meydan Thursday.

On the opening night of the inaugural Dubai World Cup meeting at Meydan in 2010, the new racecourse was blessed with the ultimate fairy tale when former homeless trainer Carl O’Callaghan struck in the US$2 million (Dh7.3m) Dubai Golden Shaheen with Kinsale King.

Since then there have been precious few results that have rewarded persistence from those in adversity.

Last season was a landmark one, however, as Beat Baby made the breakthrough for Norwegian trainer Niels Petersen. He was soon followed in to the winners’ enclosure by Sweden’s Jessica Long and Volatile, who won the Meydan Classic.

And it is Scandinavia who may cause an upset again Thursday when Sweden’s Bodil Halencreutz saddles the talented Let’sgoforit in what looks an Al Shindagha Sprint for the ages.

“I think he will run a big race as last time it was his first run since October,” she said. “We will see how he goes and if he runs well we will think about putting him in the Golden Shaheen.”

A month ago Let’sgoforit spread panic in the parade ring at Meydan when the eight-year-old grey reared on his hind legs and promptly tried to jump the hedge in front of the grandstand.

Having got stuck on it momentarily, he then demolished a plastic rail and a sponsor’s hoarding. Once passed by the vet as fit to race, Sweden’s Horse of the Year finished third to Thursday’s favourite Reynaldothewizard and Cool Cowboy.

Reynaldothewizard reopposes and will break from Gate 8, flanked by Hong Kong raider Rich Tapestry on his outside, and Muarrab, who suffered a laceration to his right-hind coronet last time, on his inner.

They are the three highest-rated horses in the 10-runner Group 3 contest, but are likely to be challenged by Godolphin’s Marking from Gate 2.

Hallencreutz has only 21 boxes at her base near Jagersro Racecourse outside Malmo to the south west of Sweden but is unfazed at taking on the big boys, provided her charge stays calm.

“I have taken many steps to take care that it does not happen again,” Hallencreutz said. “I will saddle him in the international barn before he comes to the parade ring, and he will go around there only once.

“He doesn’t like the tunnel but we have to go through there so I have decided to take off the blinkers so he can see.”

Godolphin only hit top gear last week at the Carnival as they won four times last week.

And in the UAE 2,000 Guineas they hold the colt’s Classic in an iron grip with Saeed bin Suroor’s Steady Pace and Charlie Appleby’s Rouleau primed to share the spoils.

Waiting in the wings to pounce, however, is Simon Dow, a small-time trainer from Epsom in England who hopes Hombre Rojo has the mojo to down his more celebrated rivals, with front-running tactics in his past three races having brought three victories.

Dow has just three Group 3 wins to his name during a career spanning nearly 30 years, so a victory Thursday with his first runner in Dubai would be a momentous occasion.

“His style of running would suit the dirt perfectly as he breaks from the gates so quickly,” Dow said.

“If he were to run very well or even win he could well stay out there until the UAE Derby on World Cup night.”

At least Meydan offers the opportunity to dream.

Trainer Doug Watson confident of Polar River’s prospects

Polar River could continue her career in America if she is successful in the UAE 1,000 Guineas at Meydan Thursday.

The filly scorched the dirt when she ran out an easy winner of the UAE 1,000 Guineas Trial last month. Her time was 1.29 seconds faster than UAE 2,000 Guineas favourite Steady Pace in his prep on the same night over the same course and distance.

It was the first time she had faced kickback, and she clearly still has a lot to learn but once she was extricated from her pocket behind horses by jockey Pat Dobbs the race was over in a matter of strides.

That was only her second run and such is her reputation at Doug Watson’s Red Stables that the US-bred filly has scared off almost all of the opposition in the US$250,000 (Dh918,200) fillies’ Classic.

Godolphin’s Promising Run, Kabaw and Dolly Dagger were all left trailing in her wake last time, and the only newcomer is the twice-raced Dubai Fashion, trained at Al Quoz by Saeed bin Suroor.

“I would hope we win the Guineas, but I am taking it step by step,” Watson said. “I don’t want to get too far ahead of ourselves.

“I am sure she will take the mile in the Guineas in her stride and should handle the step up to 1,900 metres for the UAE Oaks.

“I would love her to race in America, but we will see what the owners think after she runs in the Guineas.”

Polar River is not currently entered for the Kentucky Oaks on May 6, but there is an early payment deadline at the end of the month.

Entry to the Churchill Downs Classic is based on a points system, with the UAE Oaks carrying 50 points to the winner.

Jerry Hollendorfer’s unbeaten Songbird has pole position in the Kentucky Oaks at this stage, having torn apart the Grade 2 Lad Virgenes Stakes at Santa Anita last week, her sixth victory in succession that includes the Breeders’ Cup Juvenile Fillies.

“Hopefully she is up to racing in America, but whether I want to run her in the Kentucky Oaks against Songbird I don’t know. She looked great the other day,” Watson added.

“I would hate to see Polar River stop at the end of the UAE season in March, her career should really go on.”

Five to look out for at Meydan

Frankie Dettori

The Italian remains the leading jockey of all time at the Dubai World Cup with 19 wins from his time at Godolphin, and warmed up for Meydan by winning the Crown Prince Cup, Bahrain’s big race, aboard Bartack last week. Dettori has four rides Thursday, his first of the season, starting with Greatest Hits in the dirt handicap over a mile.

Comicas

8.10pm, Conditions, 1,400m Charlie Appleby still awaits his first winner on dirt at the Carnival but surely Comicas is it in the Meydan Classic Trial. Comicas secured his only career success when he won his maiden on his third start in July. Doncaster's turf course has all-weather properties and as a son of US sire Distorted Humour the mount of William Buick is likely to relish the surface.

Gerald Mosse

8.45pm, Group 3, 1,200m Rich Tapestry's name was initially left off this race due to a clerical error. Frenchman Gerald Mosse must have wondered what was going on as he is booked to ride the Hong Kong raider for all three runs in Dubai to include the Golden Shaheen. Rich Tapestry will be Mosse's first ride on the Meydan dirt and his first at the course since he was sixth in the World Cup on Red Cadeaux in 2014.

Qurbaan

9.55pm, Group 3, 1,600m Steady Pace and Rouleau almost crossed the line in unison when first and second in the UAE 2,000 Guineas Trial last month. Neither looked great dirt performers, however, and they could be vulnerable. Step forward unbeaten Qurbaan.

Tandem

10.30pm, Handicap, 1,800m Internationally renown trainer Dermot Weld does not have runners at Meydan for fun. The Irish handler has run just one horse at Meydan, and that was Princess Taylor in 2010. Tandem has a sharp turn of foot and is an interesting runner.

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Fight card

Bantamweight

Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)

Lightweight

Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)

Catch 74kg

Tohir Zhuraev (TJK) v Omar Hussein (JOR)

Strawweight (Female)

Weronika Zygmunt (POL) v Seo Ye-dam (KOR)

Featherweight

Kaan Ofli (TUR) v Walid Laidi (ALG)

Lightweight

Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)

Welterweight

Ahmad Labban (LEB) v Sofiane Benchohra (ALG)

Bantamweight

Jaures Dea (CAM) v Nawras Abzakh (JOR)

Lightweight

Mohammed Yahya (UAE) v Glen Ranillo (PHI)

Lightweight

Alan Omer (GER) v Aidan Aguilera (AUS)

Welterweight

Mounir Lazzez (TUN) Sasha Palatnikov (HKG)

Featherweight title bout

Romando Dy (PHI) v Lee Do-gyeom (KOR)

%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EGlobal%20Islamic%20economy%20to%20grow%203.1%25%20to%20touch%20%242.4%20trillion%20by%202024%3C%2Fa%3E%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fuk-economy-plunges-into-worst-ever-recession-after-record-20-4-contraction-1.1062560%22%20target%3D%22_self%22%3EUK%20economy%20plunges%20into%20worst-ever%20recession%20after%20record%2020.4%25%20contraction%3C%2Fa%3E%3C%2Fp%3E%0A%3Cp%3E%3Ca%20href%3D%22https%3A%2F%2Fwww.thenationalnews.com%2Fbusiness%2Feconomy%2Fislamic-economy-consumer-spending-to-increase-45-to-3-2tn-by-2024-1.936583%22%20target%3D%22_self%22%3EIslamic%20economy%20consumer%20spending%20to%20increase%2045%25%20to%20%243.2tn%20by%202024%3C%2Fa%3E%3C%2Fp%3E%0A
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
TO A LAND UNKNOWN

Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

A%20Little%20to%20the%20Left
%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3EMax%20Inferno%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20Mac%2C%20Nintendo%20Switch%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%26nbsp%3B%3C%2Fp%3E%0A
Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Ammar 808:
Maghreb United

Sofyann Ben Youssef
Glitterbeat 

Disclaimer

Director: Alfonso Cuaron 

Stars: Cate Blanchett, Kevin Kline, Lesley Manville 

Rating: 4/5

Business Insights
  • As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses. 
  • SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income. 
  • Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
Kill%20
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SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.4-litre%204-cylinder%20turbo%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20366hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E550Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESix-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh360%2C000%0D%3Cbr%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3ENow%0D%3C%2Fp%3E%0A
Brahmastra%3A%20Part%20One%20-%20Shiva
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAyan%20Mukerji%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Alia%20Bhatt%20and%20Amitabh%20Bachchan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A

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 SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

French Touch

Carla Bruni

(Verve)

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

Honeymoonish
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