Trainer Doug Watson has won the Jebel Ali Classic every year since the race began in 2017. Chris Whiteoak / The National
Trainer Doug Watson has won the Jebel Ali Classic every year since the race began in 2017. Chris Whiteoak / The National
Trainer Doug Watson has won the Jebel Ali Classic every year since the race began in 2017. Chris Whiteoak / The National
Trainer Doug Watson has won the Jebel Ali Classic every year since the race began in 2017. Chris Whiteoak / The National

Doug Watson goes for win No 5 in Jebel Ali Classic


Amith Passela
  • English
  • Arabic

Doug Watson is seeking a fifth success in the Jebel Ali Classic, the feature prize in Friday’s final meeting of the season at Jebel Ali.

The Red Stables trainer, who has won the prize every year since it was inaugurated in 2017, has three entered with stable jockey Pat Dobbs on board Kimbear the main hope.

The seven-year-old son of Temple City is a winner three-times for Watson, including the 2018 Group 3 Burj Nahaar and the Group 2 Al Maktoum Challenge Round 1 in January 2020.

Dobbs has been aboard on each occasion with all three UAE victories registered over 1,600m on the Meydan dirt surface.

This will be his first appearance at Jebel Ali whereas stable companion Mystique Moon has three victories to his name over track and trip.

Sam Hitchcott rides the seven-year-old Shamardal gelding, which made a successful  seasonal return in October. Fanaar, the mount of Dane O’Neill, completes Watson’s trio.

“Obviously we have done well in that race and we, hopefully, have three nice chances again,” Watson said.

“We know Fanaar and Mystique Moon like the track whereas it is an unknown for Kimbear, but if he handles it, he looks the best horse in the race.”

Adrie de Vries, who rides Madkhal for Bahraini trainer Fawzi Nass, shared similar sentiments.

A winner over the 1,200m distance at Meydan on his penultimate start, Madkhal failed to land a blow in the 1,600m Group 3 Burj Nahaar on Super Saturday.

“We missed the break last time which is why he did not run as well as we had hoped he would,” De Vries said.

“This will be his first time at Jebel Ali but we think it will suit him. He is training well and in good form, but Kimbear is a classy horse and will be hard to beat if he handles conditions that will be new to him also.”

The looming danger for them is Nicholas Bachalard’s Shamikh, who is unbeaten on the track in three starts.

“It is, basically, a big step up in class for Shamikh, but we do at least know he handles conditions well,” the Jebel Ali Stables trainer said of the American bred Lea colt.

“This will almost certainly be his last run of the season and he is a horse we are keen to try on turf sometime in the future.”

Musabah Al Muhairi’s Alkaamel under Sheikh Hamdan bin Rashid’s retained jockey Jim Crowley is another to be considered.

The five-year-old Havana Gold gelding has been running consistently well, mostly at Meydan, without adding to his 1,600m success on that course last March, his final start of that campaign.

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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.”

Results

5pm: Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Gurm, Antonio Fresu (jockey), Eric Lemartinel (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m; Winner: Al Nafece, Al Muatasm Al Balushi, Mohammed Ramadan

6pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m; Winner: Ashton Tourettes, Adrie de Vries, Ibrahim Aseel

6.30pm: Arabian Triple Crown – Group 3 (PA) Dh300,000 (T) 2,200m; Winner: Ottoman, Adrie de Vries, Abdallah Al Hammadi

7pm: Liwa Oasis – Group 2 (PA) 300,000 (T) 1,400m; Winner: Hakeemat Muscat, Szczepan Mazur, Ibrahim Al Hadhrami

7.30pm: Handicap (TB) Dh80,000 (T) 1,600m; Winner: Ganbaru, Antonio Fresu, Musabah Al Muhairi

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