Godolphin will have a strong showing in four of the six thoroughbred races in the seventh meeting of the Dubai World Cup Carnival at Meydan on Friday.
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They have four entries in the Group 3 Nad Al Sheba Trophy, the most valuable prize on the night, which the royal blues are seeking to win for the seventh successive time and tenth in all.
Trainer Charlie Appleby has two runners, with William Buick opting to partner Siskany - a winner over the track and trip in the Listed Al Khail in January last year - and Kemari with James Doyle in the saddle.
“Siskany looks great and will be a player if he brings his best form to the table. He has won over the course and trip, so he looks the one they have to beat,” Appleby said.
“Kemari will also be competitive if he can rekindle some of his old form. He ran some solid races last year but can be a little inconsistent these days.”
Saeed bin Suroor also saddles two runners for Godolphin, Global Heat (Pat Cosgrave) and Brilliant Light (Louis Steward), making a quick return to action having been well beaten in a 2000m turf handicap last week.
“Global Heat won over this trip in the Al Khail Trophy and came out of his recent handicap run in good order. He stays well and I’m hoping for another good effort,” Bin Suroor said.
“Brilliant Light worked well last week and has some good form over this distance. He is ready to go again and will appreciate the step up in trip.”
The Group 3 Dubai Millennium Stakes is another contest which has been dominated by Godolphin, taking home the prize 10 times in 12 years.
Appleby saddles Nations Pride, the choice of Buick, and Ottoman Fleet, ridden by Doyle.
“Nations Pride has been pleasing us at home and coming back to a mile and a quarter should suit,” Appleby said.
“There will be some improvement to come for whatever he does on his seasonal return, as we hope that he has another international campaign ahead of him this year. Depending on how he goes here, we will consider potentially looking at the Jebel Hatta or the Dubai Turf.
“Returning to this distance looks as though it might benefit Ottoman Fleet based on his two runs so far this year. He goes into the race a fit horse with solid form, so he should be a major player along with Nations Pride.”
The main dirt contest is the Group 3 UAE Oaks for which seven fillies have been declared, including UAE 1000 Guineas heroine Mimi Kakushi, who should make a bold bid to complete the fillies’ Classic double.
American handler Doug O’Neill runs Ami Please, who may prove the main danger.
Racecard
6pm: Mazrat Al Ruwayah – Group 2 (PA) $40,000 (Dirt) 1,600m
6.35pm: Jebel Ali Free Zone – Handicap (TB) $80,000 (Turf) 1,200m
7.10pm: UAE Oaks – Group 3 (TB) $150,000 (D) 1,900m
7.45pm: Lord Glitters - Handicap (TB) $80,000 (T) 1,600m
8.20pm: Nad Al Sheba Trophy – Group 3 (TB) $200,000 (T) 2,810m
8.55pm: Dubai Millennium stakes – Group 3 (TB) $150,000 (T) 2,000m
9.30pm: Jebel Ali Port – Handicap (TB) $80,000 (D) 1,400m
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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