I’ll Have Another goes through track work at Belmont Park where Affirmed, next slide, with jockey Steve Cauthen aboard, was the last to win the third of the Triple Crown in 1978.
I’ll Have Another goes through track work at Belmont Park where Affirmed, next slide, with jockey Steve Cauthen aboard, was the last to win the third of the Triple Crown in 1978.
I’ll Have Another goes through track work at Belmont Park where Affirmed, next slide, with jockey Steve Cauthen aboard, was the last to win the third of the Triple Crown in 1978.
I’ll Have Another goes through track work at Belmont Park where Affirmed, next slide, with jockey Steve Cauthen aboard, was the last to win the third of the Triple Crown in 1978.

I'll Have Another can 'capture their hearts'


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Steve Cauthen is ready to pass on the baton. Famed throughout America as the last jockey to secure the Triple Crown, the former rider is right behind I'll Have Another's bid in the Belmont Stakes on Saturday.

There have been 11 horses to have failed to add the Belmont to victories in the Kentucky Derby and Preakness Stakes since Cauthen rode Affirmed to victory as an 18 year old in 1978.

After narrow verdicts over Bob Baffert's Bodemeister in the first two legs of the Triple Crown, I'll Have Another, ridden by Mario Gutierrez and trained by Doug O'Neill, has become the latest to stand on the threshold of sporting greatness.

I'll Have Another's task has been made easier by the fact his nemesis has not been declared by Baffert for Saturday's race over a mile and a half.

Cauthen believes it is time American racing was given a new champion. "I'm ready to pass it on, especially to what seems like a great team," the 52 year old said.

"I've been impressed with Doug O'Neill and Mario Gutierrez seems like a great kid.

"I admire his confidence and his relaxed attitude and his gratefulness to be in the situation that he's in. I'm rooting for him 100 per cent. I'm thinking that they've got a great chance and I hope it all goes well. I think the whole racing world is just dying to have another great horse come along and capture their hearts."

Cauthen knows a great horse when he sees one.

Affirmed aside, the Kentucky native moved to Britain in the 1980s where he struck a rich seam of success when he teamed up with Henry Cecil, who at the time was training for Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai.

He built on his Triple Crown success with the fillies' version in England on Sheikh Mohammed's Oh So Sharp in 1985.

That was just the start.

He added to those wins by sporting Sheikh Mohammed's maroon and white silks when riding the filly Pebbles to a victory over the colts in the Eclipse Stakes in the same year and was still at the top of his game when guiding Old Vic to wins in the Irish and French Derbies four years later. And having watched I'll Have Another over the past few weeks, Cauthen is convinced there are similarities between Affirmed and the similarly coloured chestnut colt who lines up in New York in four days' time.

"I'll tell you what I love about him - he really has a lot of try in him," he said.

"You can just tell the way he dug in, in the stretch at the Derby and particularly in the Preakness. He's not afraid of a battle and I think that is the best thing he's got going for him. He's a very relaxed horse like Affirmed was. Nothing seems to bother him. These kind of horses look after themselves."

If Cauthen has no qualms about the ability or temperament of I'll Have Another, he also believes strongly in Gutierrez.

The 25-year-old Mexican rider was virtually unknown when O'Neill picked him for his maiden ride in the Kentucky Derby, which he won from Bodemeister by a length and a half.

Gutierrez has little knowledge of the Belmont track, either, and Kent Desormeaux, the last jockey to attempt the Triple Crown in 2008, was ungracious enough this week to say the rider's inexperience would be his downfall.

Belmont is an idiosyncratic track by the generic standards of American racecourses in that it is a mile and a half in circumference.

Four of the past seven Belmont Stakes have been won by jockeys having their first start in the Grade 1 contest, however, and Cauthen was adamant, Gutierrez needs only a racecourse sighter to be effective.

"I've been very impressed with his demeanour, his attitude and the way he couldn't have ridden the horse any better in both the Derby and the Preakness, and I see no reason why that won't continue," he said.

"The track's wider, the turns are so much more sweeping, and just to know where you need to start thinking about making a move it would be easy to get ahead of yourself if you hadn't ridden a few races there.

"From what I understand they're going to let him ride a few races first and I think that will probably be very adequate. I'm sure he'll do great."

It may be hard to believe that Cauthen is ready to relinquish his record - after all his ferocious competitive streak resulted in him becoming one of the most successful and precocious riders of all time, but the whole Affirmed team are supporting I'll Have Another's bid.

"He really loves to run and looks like he wants to win," Patrice Wolfson, the breeder and owner of Affirmed, said.

"He looks like he would be a good successor if it comes about. There were times I didn't feel as though we were ready to relinquish it, but maybe the time has come now, and I certainly think racing needs a horse that will bring a lot of excitement and this little guy can do that."

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& Geoffrey Riddle

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020

UAE squad

Ali Kashief, Salem Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdelrahman, Mohammed Al Attas (Al Jazira), Mohmmed Al Shamsi, Hamdan Al Kamali, Mohammad Barghash, Khalil Al Hammadi (Al Wahda), Khalid Eisa, Mohammed Shakir, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Adel Al Hosani, Al Hassan Saleh, Majid Suroor (Sharjah), Waleed Abbas, Ismail Al Hammadi, Ahmed Khalil (Shabab Al Ahli Dubai) Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Mahrami (Baniyas)

Company Profile
Company name: OneOrder

Started: October 2021

Founders: Tamer Amer and Karim Maurice

Based: Cairo, Egypt

Industry: technology, logistics

Investors: A15 and self-funded 

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.3-litre%20turbo%204-cyl%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E298hp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E452Nm%3Cbr%3E%3Cstrong%3ETowing%20capacity%3A%20%3C%2Fstrong%3E3.4-tonne%3Cbr%3E%3Cstrong%3EPayload%3A%20%3C%2Fstrong%3E4WD%20%E2%80%93%20776kg%3B%20Rear-wheel%20drive%20819kg%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EPrice%3A%20Dh138%2C945%20(XLT)%20Dh193%2C095%20(Wildtrak)%3Cbr%3E%3Cstrong%3EDelivery%3A%3C%2Fstrong%3E%20from%20August%3C%2Fp%3E%0A
Copa del Rey

Barcelona v Real Madrid
Semi-final, first leg
Wednesday (midnight UAE)

Tour de France

When: July 7-29

UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland

Fifa Club World Cup quarter-final

Kashima Antlers 3 (Nagaki 49’, Serginho 69’, Abe 84’)
Guadalajara 2 (Zaldivar 03’, Pulido 90')

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.”

'Gehraiyaan'
Director:Shakun Batra

Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

Rating: 4/5

EXPATS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Lulu%20Wang%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Nicole%20Kidman%2C%20Sarayu%20Blue%2C%20Ji-young%20Yoo%2C%20Brian%20Tee%2C%20Jack%20Huston%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Sweet%20Tooth
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Results:

5pm: Maiden (PA) Dh80,000 1,400m | Winner: Eghel De Pine, Pat Cosgrave (jockey), Eric Lemartinel (trainer)

5.30pm: Maiden (PA) Dh80,000 1,400m | Winner: AF Sheaar, Szczepan Mazur, Saeed Al Shamsi

6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA) Group 3 Dh500,000 1,600m | Winner: RB Torch, Fabrice Veron, Eric Lemartinel

6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (TB) Listed Dh380,000 1,600m | Winner: Forjatt, Chris Hayes, Nicholas Bachalard

7pm: Wathba Stallions Cup for Private Owners Handicap (PA) Dh 70,000 1,400m | Winner: Hawafez, Connor Beasley, Ridha ben Attia

7.30pm: Handicap (PA) Dh 80,000 1,600m | Winner: Qader, Richard Mullen, Jean de Roaulle