Charlie Appleby hoping Wuheida can show she's 'still the same filly she was in the spring'


Amith Passela
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Godolphin are bidding for a quadruple of Group 1 prizes with runners sent across three venues – England, France and Ireland – over the next two days.

The Dubai racing operation are double handed in the Falmouth Stakes at Newmarket on Friday, the second day of the July Festival meeting.

The Charlie Appleby-trained Wuheida, undefeated in two starts last season, makes a belated reappearance while Saeed bin Suroor’s Arabian Hope, unbeaten in three starts this season, is the other lining up in the seven-horse race over the mile trip.

Appleby said he was delighted to have Wuheida back on track after the Dubawi filly suffered a setback in April.

“We are coming up against some battle-hardened opposition but if she is still the same filly that she was in the spring, which is what she has been showing us, then she should be highly competitive,” Appleby was quoted as saying on the Godolphin website.

“Our original aim was to run her in the 1,000 Guineas and then step her up in distance. This race fits a similar profile – we want her to go out, get a run under her belt and work her way into the rest of the season, with the idea that stepping up in trip will suit.”

Josephine Gordon, who rode Arabian Hope in all her three victories this season, retains the ride on the filly by Distorted Humor.

Their main challenge is spearheaded by Aidan O’Brien’s Roly Poly, runner-up in both the Coronation Stakes and Irish 1,000 Guineas this season, and William Haggas’ Poule d’Essai des Pouliches runner-up Sea Of Grace.

On the same day across the channel, Godolphin send out Parabellum in the Grand Prix de Paris at Saint-Cloud, France.

The Andre Fabre-trained colt steps up to Group 1 level for the one and-a-half mile distance after an impressive eight-length maiden success over the same course and distance on June 15.

His nine rivals include Group 2 Prix Hocquart winner Ice Breeze and Sheikh Hamdan bin Mohammed’s Permian, who won the Group 2 King Edward VII Stakes at Royal Ascot.

On Saturday, Harry Angel meets Carravagio, the O’Brien-trained colt unbeaten in six starts, in a competitive July Cup Stakes that also include high-class sprinters Limato, The Tin Man and Tasleet in the silks of Sheikh Hamdan bin Rashid.

Bean Feasa, trained by Jim Bolger, carries the Godolphin hopes in the Irish Oaks at The Curragh.

The Dubawi filly, however, has a huge task against the John Gosden-trained Investec Oaks winner Enable and O’Brien’s pair Rain Goddess and Alluringly, and Dermot Weld’s Eziyra.

Godolphin were in the winner's enclosure at Newmarket on Thursday following a one-two in the Group 2 Princess of Wale’s Stakes for Hawkbill and Frontiersman. Sheikh Hamdan bin Mohammed scooped up the other Group 2 prize with Cardship leading the field home in the July Stakes.

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

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A $10 hand-powered LED light and battery bank

Device is operated by hand cranking it at any time during the day or night 

The charge is stored inside a battery

The ratio is that for every minute you crank, it provides 10 minutes light on the brightest mode

A full hand wound charge is of 16.5minutes 

This gives 1.1 hours of light on high mode or 2.5 hours of light on low mode

When more light is needed, it can be recharged by winding again

The larger version costs between $18-20 and generates more than 15 hours of light with a 45-minute charge

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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.”

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Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

MATCH INFO

Everton v Tottenham, Sunday, 8.30pm (UAE)

Match is live on BeIN Sports

KEY HIGHLIGHTS

Healthcare spending to double to $2.2 trillion rupees

Launched a 641billion-rupee federal health scheme

Allotted 200 billion rupees for the recapitalisation of state-run banks

Around 1.75 trillion rupees allotted for privatisation and stake sales in state-owned assets

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England ODI squad

Eoin Morgan (captain), Moeen Ali, Jonny Bairstow, Jake Ball, Sam Billings, Jos Buttler, Tom Curran, Alex Hales, Liam Plunkett, Adil Rashid, Joe Root, Jason Roy, Ben Stokes, David Willey, Chris Woakes, Mark Wood.

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