William Buick on-board Comicas won the Group 3 Dubawi Stakes in the Dubai World Cup Carnival’s second meeting at Meydan on Thursday. Antonie Robertson/The National
William Buick on-board Comicas won the Group 3 Dubawi Stakes in the Dubai World Cup Carnival’s second meeting at Meydan on Thursday. Antonie Robertson/The National
William Buick on-board Comicas won the Group 3 Dubawi Stakes in the Dubai World Cup Carnival’s second meeting at Meydan on Thursday. Antonie Robertson/The National
William Buick on-board Comicas won the Group 3 Dubawi Stakes in the Dubai World Cup Carnival’s second meeting at Meydan on Thursday. Antonie Robertson/The National

William Buick backs Comicas to step up to Group 1 after bagging Dubawi Stakes


Amith Passela
  • English
  • Arabic

The Godolphin jockey William Buick believes Comicas has the potential to win a Group 1 prize after his victory in the Group 3 Dubawi Stakes in the Dubai World Cup Carnival’s second meeting at Meydan on Thursday.

Comicas reversed the result over his conqueror Muarrab at the same course and 1,200-metre distance four weeks ago.

“He came home real good,” said Buick, who angled his run from outside the front three to win by a length and-a-quarter from Jim Crowley’s mount. Reynaldothewizard, the three-time winner of the race, finished third after a slow start.

“Halfway up the straight I was really hopeful yet it was hard to judge in a race. He was second in the Golden Shaheen [on the Dubai World Cup card] last year and ran a good third on soft ground in the Duke Of York Stakes [at York].

“It would be lovely to see him back in the Golden Shaheen this year and we think he’s a Group 1 sprinter. The great thing about him is he has lots of ability, a big heart and tries hard.”

Satish Seemar was all praise for the 12-year-old Reynaldothewizard and hopes to run him again in the Golden Shaheen on the World Cup night in March.

“He had to come from a long way behind and he did well to come close to two very strong runners,” said the Zabeel Stables trainer.

“He’s not done with his racing. He’s on his swansong year as horses above 12 are not legally permitted to race on the flat. We’ll see how he has come out of this race in the next week, and perhaps even run him on Super Saturday” on March 3.

Godolphin’s Winter Lightning stayed on course for a crack at the UAE 2000 Guineas with victory on his first local start.

The Shamardal filly was flown in to Dubai after just one career start in which she finished runner-up in a strong maiden at Newmarket last October, prevailed in a photo-finish from Rayya in the Trial race.

“She’s still learning and obviously will improve from this run,” said Pat Cosgrave, the winning rider.

“The other horse had the benefit of a run and found another gear after we got in front. But at the end my one hung in gamely and deservedly too. She should be better for her next run.”

Silvestre de Sousa, the British champion jockey, came from the back of the field to take the second race on the Ali Rashid Al Raihe-trained Janszoon.

It was the first of two wins on the night in the silks of Sheikh Rashid bin Humaid.

The Doug Watson-trained Kimbear, under Dobbs, completed the double for the owner 35 minutes later with an impressive five-length victory over stable companion Layl and Rodaini.

Light The Lights under Christophe Soumillon got the better of the Godolphin pair Blair House and Leshlaa to provide South African trainer Mike de Kock with his first Carnival winner this season.

Soumillon had to work from the back of the eight-runner field over the 2,000m distance and held on to win by a neck with the third horse a further three and-a-half lengths behind.

“The pace was steady at the beginning and then it became a normal pace which was crazy,” said the Belgian jockey.

“There were not too many runners in the race so I was happy in that position and I could come out at the right time. My horse gave me a last turn of foot to win nicely.”

Godolphin rounded off the evening by taking the concluding handicap with Salsabeel to complete a treble on the night, and doubles for both Buick and trainer Charlie Appleby.

______________________

Results:

6.30pm: UAE 1000 Guineas Trial Conditions US100,000 1,400m.

Winner: Winter Lightning, Pat Cosgrave (jockey), Saeed bin Suroor (trainer).

7.05pm: Handicap (rated 78-89) $60,000 2000m.

Winner: Janszoon, Silvestre de Sousa, Doug Watson.

7.40pm: Handicap (95-105) $125,000 1,600m.

Winner: Kimbear, Pat Dobbs, Doug Watson.

8.15pm: Handicap (105+) $175,000 2000m.

Winner: Light The Lights, Christophe Soumillon, Mike de Kock.

8.50pm: Dubawi Stakes Group 3 $175,000 1200m.

Winner: Comicas, William Buick, Charlie Appleby.

9.25pm: Handicap (100-113) $135,000 1200m.

Winner: Faatinah, Jim Crowley, David Hayes.

10pm: Handicap (95-115) $135,000 1600m.

Winner:Salsabeel, William Buick, Charlie Appleby.

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PROFILE OF STARZPLAY

Date started: 2014

Founders: Maaz Sheikh, Danny Bates

Based: Dubai, UAE

Sector: Entertainment/Streaming Video On Demand

Number of employees: 125

Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners

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THE SPECS

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Power: 165hp

Torque: 241Nm

Price: Dh99,900 to Dh134,000

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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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  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
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