Antonio Fresu on board Farasah won the opening race at Abu Dhabi on Monday, January 17, 2022. Photo: DHRIC
Antonio Fresu on board Farasah won the opening race at Abu Dhabi on Monday, January 17, 2022. Photo: DHRIC
Antonio Fresu on board Farasah won the opening race at Abu Dhabi on Monday, January 17, 2022. Photo: DHRIC
Antonio Fresu on board Farasah won the opening race at Abu Dhabi on Monday, January 17, 2022. Photo: DHRIC

Farasah makes victorious local debut in Abu Dhabi


Amith Passela
  • English
  • Arabic

Antonio Fresu kept the pressure on Tadhg O’Shea in the UAE jockeys' championship, closing the gap to three winners, after riding a double in Abu Dhabi on Monday.

Fresu grabbed the first two prizes of the night while O’Shea pulled one back to take his tally to 32 on Ernst Oertel’s AF Mukhrej in the silks of their main patron Khalid Khalifa Al Naboodah.

The Italian clinched the opener on Farasah - who finished fourth in his last outing in the UK - for his retained trainer Musabah Al Muhairi and then made all on Ibrahim Al Hadhrami’s SSR Ghazwan half an hour later.

Farasah was making her local debut having run three times in the UK, winning on her racecourse debut and finishing fourth in the Group 1 President of the UAE Cup (UK Arabian Derby) at Doncaster Park in her last start in September.

Results

5pm: Reem Island – Conditions (PA) Dh80,000 (Turf) 1,600m; Winner: Farasah, Antonio Fresu (jockey), Musabah Al Muhairi

5.30pm: Sir Baniyas Island – Maiden (PA) Dh80,000 (T) 1,400m; Winner: SSR Ghazwan, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m; Winner: Astral Del Sol, Sean Kirrane, Ibrahim Al Hadhrami

6.30pm: Al Maryah Island – Maiden (PA) Dh80,000 (T) 2,200m; Winner: Toumadher, Dane O’Neill, Jaber Bittar

7pm: Yas Island – Handicap (PA) Dh80,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

7.30pm: Saadiyat Island – Handicap (TB) Dh80,000 (T) 2,400m; Winner: Celestial Spheres, Gary Sanchez, Ismail Mohammed

Fresu kept the five-year-old mare by Mahabb close behind the leaders before sending her to the front at the 400-metre mark and held on gamely to win from Rawaat Al Reef under Fernando Jara by a length.

“That was her first race in more than three months and I would like to think she will improve for her next start, which obviously will be a lot tougher as we expect her to step up in class,” her handler Al Muhairi said.

Soon after Fresu rode two winners, trainer Al Hadhrami followed suit with his second winner on the night when the Irish apprentice Sean Kirrane got Astral Del Sol home in the Wathba Stallions Cup in a close finish.

Astral Del Sol got his head in front 50m from the winning line and held on to win from Shafaf with Patrick Cosgrave in the saddle by a short head.

“He wasn’t beaten too far last time [two-and-half lengths in fifth] and we were hopeful,” the Omani trainer said of the five-year-old by Hilal Al Zaman.

“He arrived at the beginning of last year and taken a while for his first win in eight local starts tonight. He’s progressing and win a couple of prizes before the end of the season, hopefully.”

Celestial Spheres, another winner, ran twice in the Godolphin silks in the 2020 Dubai World Cup Carnival at Meydan before moving to Ismail’s stables. Prior to that, he won four handicaps in the UK.

Gary Sanchez tucked Celestial Sphere behind the two early pace-setters and took up the running from 300m to win from Autumn Pride and Anizzah.

“He ran well in his two starts at Jebel Ali, and improved from each of those two starts,” said Sanchez, who was on board in all his three starts for the season.

“It was a different surface [turf] tonight and he really enjoyed that. He travelled well throughout the race and had plenty left when we kicked for home. He’s versatile and won with plenty in hand.”

COMPANY PROFILE

Name: Cofe

Year started: 2018

Based: UAE

Employees: 80-100

Amount raised: $13m

Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group 

Gifts exchanged
  • King Charles - replica of President Eisenhower Sword
  • Queen Camilla -  Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
  • Donald Trump - hand-bound leather book with Declaration of Independence
  • Melania Trump - personalised Anya Hindmarch handbag
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 Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

FIXTURES

All games 6pm UAE on Sunday: 
Arsenal v Watford
Burnley v Brighton
Chelsea v Wolves
Crystal Palace v Tottenham
Everton v Bournemouth
Leicester v Man United
Man City v Norwich
Newcastle v Liverpool
Southampton v Sheffield United
West Ham v Aston Villa

RACE CARD

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m

The years Ramadan fell in May

1987

1954

1921

1888

Results

5pm: Reem Island – Conditions (PA) Dh80,000 (Turf) 1,600m; Winner: Farasah, Antonio Fresu (jockey), Musabah Al Muhairi

5.30pm: Sir Baniyas Island – Maiden (PA) Dh80,000 (T) 1,400m; Winner: SSR Ghazwan, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m; Winner: Astral Del Sol, Sean Kirrane, Ibrahim Al Hadhrami

6.30pm: Al Maryah Island – Maiden (PA) Dh80,000 (T) 2,200m; Winner: Toumadher, Dane O’Neill, Jaber Bittar

7pm: Yas Island – Handicap (PA) Dh80,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

7.30pm: Saadiyat Island – Handicap (TB) Dh80,000 (T) 2,400m; Winner: Celestial Spheres, Gary Sanchez, Ismail Mohammed

Updated: January 17, 2022, 6:43 PM