• Coroebus, ridden by William Buick, wins The St James's Palace Stakes at Royal Ascot for trainer Charlie Appleby and Godolphin on June 14, 2022. Getty
    Coroebus, ridden by William Buick, wins The St James's Palace Stakes at Royal Ascot for trainer Charlie Appleby and Godolphin on June 14, 2022. Getty
  • Jockey William Buick celebrates after winning The St James’s Palace Stakes at Royal Ascot on Coroebus. Reuters
    Jockey William Buick celebrates after winning The St James’s Palace Stakes at Royal Ascot on Coroebus. Reuters
  • Prince Charles, the Prince of Wales, and Camilla, the Duchess of Cornwall, present The St James's Palace Stakes trophy to jockey William Buick after his victory on Coroebus at Royal Ascot. PA
    Prince Charles, the Prince of Wales, and Camilla, the Duchess of Cornwall, present The St James's Palace Stakes trophy to jockey William Buick after his victory on Coroebus at Royal Ascot. PA
  • William Buick and Coroebus, left, win The St James's Palace Stakes at Royal Ascot. Getty
    William Buick and Coroebus, left, win The St James's Palace Stakes at Royal Ascot. Getty
  • William Buick celebrates on Coroebus after winning The St James’s Palace Stakes at Royal Ascot. Reuters
    William Buick celebrates on Coroebus after winning The St James’s Palace Stakes at Royal Ascot. Reuters
  • Coroebus, left, ridden by William Buick on their way to victory in The St James's Palace Stakes at Royal Ascot. PA
    Coroebus, left, ridden by William Buick on their way to victory in The St James's Palace Stakes at Royal Ascot. PA
  • William Buick celebrates on Coroebus after winning The St James’s Palace Stakes. Reuters
    William Buick celebrates on Coroebus after winning The St James’s Palace Stakes. Reuters
  • Jockey William Buick celebrates after winning The St James' Palace Stakes on Coroebus. AFP
    Jockey William Buick celebrates after winning The St James' Palace Stakes on Coroebus. AFP

Coroebus claims the big prize for Godolphin at Royal Ascot


Amith Passela
  • English
  • Arabic

Godolphin’s Coroebus underlined his status as racing's best three-year-old miler by taking the Group 1 St James’s Palace Stakes in a thrilling battle on the opening day of Royal Ascot on Tuesday.

The 2000 Guineas winner under William Buick had to dig deep to stay ahead in a four-way finish ahead of Lusail, My Prospero and Maljoom to claim his fourth Group 1 prize.

The Charlie Appleby-trained Dubawi colt travelled keenly at the start, and briefly looked in trouble when short of room on the drive for home but found a gap down the rail to sweep past a trio of runners and keep his head in front at the line.

“You have to enjoy these good horses and I'm very privileged to be able to get on them, but at the same time it's a case of getting the job done, and it was one of those races where it was tricky,” Buick said.

“A good draw can turn into a bad draw very quickly. He travels extremely strongly and you just want him to drop his head.

“In the straight I had no option to go until there was enough room, and then he picked it up and went through. He's got everything you could ask for a racehorse.”

Earlier, Baaeed – in Dubai’s Shadwell silks – showcased his claims as the best horse in the world with a brilliant success in the Group 1 Queen Anne Stakes to open proceedings in terrific style.

Undefeated in seven starts ahead of the meeting's traditional curtain-raiser, Baaeed went through the gears in easily disposing of Godolphin trainer Saeed bin Suroor’s Real World to make it a perfect eight and land a fourth Group 1 victory under Jim Crowley.

Jockey Jim Crowley riding Baaeed celebrates after winning the Queen Anne Stakes on the first day of Royal Ascot. AFP
Jockey Jim Crowley riding Baaeed celebrates after winning the Queen Anne Stakes on the first day of Royal Ascot. AFP

“It doesn't get any easier than that,” the winning rider said. “Everything went smoothly, he got a lovely tow into the race and I just let him stretch out in the last furlong. It was like clockwork.

It was also a first Queen Anne Stakes for trainer William Haggas, who was relieved his star got the job done.

“He didn't really do a lot and he wasn't extended fully,” he said. “We can't really learn anything from that apart from he travels and settles well, that's a pretty important part of the job.”

Baaeed may next head for the Sussex Stakes at Goodwood or the Juddmonte International at York.

Appleby added: “We spoke beforehand about having Baaeed and Coroebus together and the Sussex is always a fantastic race, we all know with the three-year-olds and the older horses taking each other on.

“As always, we'll let the dust settle and I'll have conversations with His Highness [Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai] and the team and we'll firm those plans up. But on the evidence of what we've seen today, he [Coroebus] deserves to be there for sure.”

The biog

Full name: Aisha Abdulqader Saeed

Age: 34

Emirate: Dubai

Favourite quote: "No one has ever become poor by giving"

 

 

The%20trailblazers
%3Cp%3ESixteen%20boys%20and%2015%20girls%20have%20gone%20on%20from%20Go-Pro%20Academy%20in%20Dubai%20to%20either%20professional%20contracts%20abroad%20or%20scholarships%20in%20the%20United%20States.%20Here%20are%20two%20of%20the%20most%20prominent.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EGeorgia%20Gibson%20(Newcastle%20United)%3C%2Fstrong%3E%0D%3Cbr%3EThe%20reason%20the%20academy%20in%20Dubai%20first%20set%20up%20a%20girls%E2%80%99%20programme%20was%20to%20help%20Gibson%20reach%20her%20potential.%20Now%20she%20plays%20professionally%20for%20Newcastle%20United%20in%20the%20UK.%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMackenzie%20Hunt%20(Everton)%3C%2Fstrong%3E%0D%3Cbr%3EAttended%20DESS%20in%20Dubai%2C%20before%20heading%20to%20the%20UK%20to%20join%20Everton%20full%20time%20as%20a%20teenager.%20He%20was%20on%20the%20bench%20for%20the%20first%20team%20as%20recently%20as%20their%20fixture%20against%20Brighton%20on%20February%2024.%0D%3C%2Fp%3E%0A
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

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Price: From Dh149,900

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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)

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.

Results

5pm: Maiden (PA) Dh80,000 (Turf) 2,200m, Winner: Zalman, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

5.30pm: Maiden (PA) Dh80,000 (T) 1,600m, Winner: Hisham Al Khalediah II, Fernando Jara, Mohamed Daggash.

6pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: Qader, Adrie de Vries, Jean de Roualle

6.30pm: Abu Dhabi Championship Listed (PA) Dh180,000 (T) 1,600m, Winner: Mujeeb, Fabrice Veron, Eric Lemartinel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,600m, Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

7.30pm: Handicap (TB) Dh90,000 (T) 1,600m, Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly

8pm: Handicap (TB) Dh100,000 (T) 1,400m, Winner: Nayslayer, Bernardo Pinheiro, Jaber Ramadhan

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.”

UAE currency: the story behind the money in your pockets
The Sand Castle

Director: Matty Brown

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

Rating: 2.5/5

The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

Updated: June 14, 2022, 5:07 PM