Jockey James Doyle has seen success in the UAE and will be in the gates at Newmarket on Saturday night. Sarah Dea / The National
Jockey James Doyle has seen success in the UAE and will be in the gates at Newmarket on Saturday night. Sarah Dea / The National

James Doyle is riding on the brink of elite in England



It is difficult to discern whose star is in the ascendancy. James Doyle on Saturday night will get the leg up on Kingman, the unbeaten favourite for the English 2,000 Guineas, and it is the rider, not the racehorse, who has been generating the headlines at Newmarket this week.

The 26-year-old English jockey, whose mother is a trainer, has been in blistering form in Britain since his return from riding in the UAE for Dhruba Selvaratnam. In a sport where defeat is more regular than victory, he has ridden 12 winners in the past seven days in the run-up to the most important engagement of his career.

He rode 13 winners in total in the UAE this year. Since he won the Dubai Duty Free on Cityscape in 2012, Doyle has risen through the ranks and is on the brink of breaking into the elite. It easily could be Kingman who smashes down the door for Doyle to enter the hallowed area reserved for the top jockeys.

Doyle’s rise took an exponential change of course last season when he partnered Al Kazeem to three victories at the highest level, with his triumph in the Prince Of Wales’s Stakes triggering a Royal Ascot treble.

Cityscape and Al Kazeem may have been the horses that etched Doyle’s name into the consciousness of racing folk, but Classics are a class apart and there is the sense that Kingman could be something special.

“I was very happy with my season in Dubai,” Doyle said. “When I arrived there, the horses were not quite ready, for whatever reason, but we waited a month and Dhruba got them back to their best.

“United Color ran well in the Dubai Golden Shaheen and is good enough to run in Singapore next month, if he is invited. I’m looking forward to riding Kingman.”

Doyle has spent less than a year in his role as retained British rider for owner Prince Khalid Abdullah of Saudi Arabia, having been appointed in August, but the waxing of his career threatens to eclipse those whose powers are on the wane.

If further evidence is needed that a changing of the guard is under way at the apex of British racing, on Wednesday, trainer Richard Hannon snapped up the services of two veteran riders. Keiren Fallon and Frankie Dettori boast six victories in the 2,000 Guineas between them but were surplus to requirements until Fallon was called to ride Saeed Manana’s Night Of Thunder, and Dettori to take on Shifting Power.

Kingman faces 13 rivals, and among them are Aidan O’Brien’s duo of former race favourite Australia and War Command, who won at Royal Ascot last season before signing off his juvenile career with a win in the Dewhurst Stakes.

Toormore, who beat Godolphin’s Be Ready in the Craven Stakes, is another potential danger, while spice is added to the race in the form of Noozhoh Canarias, the first Spanish horse to run in the British Classic.

Godolphin will be represented by the underrated Breeders’ Cup winner Outstrip, who lines up for Charlie Appleby and will be ridden by Mickael Barzalona. The Dubai team is completed by Sheikh Hamdan bin Rashid’s exciting Ertijaal.

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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.”

What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.

Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
  • Drones
  • Animals
  • Fireworks/ flares
  • Radios or power banks
  • Laser pointers
  • Glass
  • Selfie sticks/ umbrellas
  • Sharp objects
  • Political flags or banners
  • Bikes, skateboards or scooters
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AL%20BOOM
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Results

Male 51kg Round 1

Dias Karmanov (KAZ) beat Mabrook Rasea (YEM) by points 2-1.

Male 54kg Round 1

Yelaman Sayassatov (KAZ) beat Chen Huang (TPE) TKO Round 1; Huynh Hoang Phi (VIE) beat Fahad Anakkayi (IND) RSC Round 2; ​​​​​​​Qais Al Jamal (JOR) beat Man Long Ng (MAC) by points 3-0; ​​​​​​​Ayad Albadr (IRQ) beat Yashar Yazdani (IRI) by points 2-1.

Male 57kg Round 1

Natthawat Suzikong (THA) beat Abdallah Ondash (LBN) by points 3-0; Almaz Sarsembekov (KAZ) beat Ahmed Al Jubainawi (IRQ) by points 2-1; Hamed Almatari (YEM) beat Nasser Al Rugheeb (KUW) by points 3-0; Zakaria El Jamari (UAE) beat Yu Xi Chen (TPE) by points 3-0.

Men 86kg Round 1

Ahmad Bahman (UAE) beat Mohammad Al Khatib (PAL) by points 2-1

​​​​​​​Men 63.5kg Round 1

Noureddin Samir (UAE) beat Polash Chakma (BAN) RSC Round 1.

Female 45kg quarter finals

Narges Mohammadpour (IRI) beat Yuen Wai Chan (HKG) by points.

Female 48kg quarter finals

Szi Ki Wong (HKG) beat Dimple Vaishnav (IND) RSC round 2; Thanawan Thongduang (THA) beat Nastaran Soori (IRI) by points; Shabnam Hussain Zada (AFG) beat Tzu Ching Lin (TPE) by points.

Female 57kg quarter finals

Nguyen Thi Nguyet (VIE) beat Anisha Shetty (IND) by points 2-1; Areeya Sahot (THA) beat Dana Al Mayyal (KUW) RSC Round 1; Sara Idriss (LBN) beat Ching Yee Tsang (HKG) by points 3-0.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Law%2041.9.4%20of%20men%E2%80%99s%20T20I%20playing%20conditions
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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
The specs: Macan Turbo

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