Izadi Star made a perfect start on his local debut by claiming the Group 3 Arabian Triple Crown Round-2 – Abu Dhabi’s penultimate meeting of the season on Monday.
The Azadi colt under Bernardo Pinheiro led the first two home for Emirati trainer Helal Al Alawi, finishing strongly to win from Kalifano De Ghazal by six and a half lengths.
Ibrahim Al Hadhrami’s pair Sattam Muscat and Bahar Muscat, who was beaten for the first time in five starts, finished half a length and a length and a quarter further down in third and fourth respectively.
“He’s a genuine and good horse,” Pinheiro said of Izadi Star. “He ran thrice in France before arriving here. I watched his videos and he was third in his last start on heavy ground. He finished very strong in that race.
“I was very confident with him. The horse looked beautiful. I tried to keep him relaxed and when the gaps opened he flew home. If he can do it again, he can be a good horse for next season.”
Richard Mullen rode a double on the night for another Emirati trainer Salem Al Ketbi, both in the silks of UAE President Sheikh Khalifa bin Zayed.
Bshara was impressive in the opener, completing back-to-back victories after fourth on his racecourse debut.
The Majd Al Arab filly tracked the leaders before taking up the running from 300 metres to win by five lengths from Barari, with Farhida De Carrere a further five and a half lengths behind in third.
“She seems to be learning more with racing,” Mullen said. “She was stepping up in distance from 1,200m to a mile, and she got the trip well.
“The way she ran I think she could go further but I think we’ll stick to a mile next season. She had three quick runs and I think probably enough anyway. I think she would develop a little more and learn from this season.”
Mullen completed the double on newcomer Ramz in the fifth race, another comfortable winner by four lengths from AF Layth.
“He’s smashing colt and has been working really well,” he said of the AF Albahar colt.
“He was to have his first start at Al Ain but unfortunately he got hit on the head at the start and had to be withdrawn.
“The team took time to nurse him back, and I actually thought he was my best ride on the night but we were behind in a field of 15 and to win from there, he is a smart colt.”
Results:
5pm: Qasr Al Hosn – Handicap (PA) Dh80,000 (Turf) 1,600m
Winner: Bshara, Richard Mullen (jockey), Salem Al Ketbi (trainer)
5.30pm: Qasr Al Watan – Handicap (PA) Dh80,000 (T) 1,200m
Winner: AF Musannef, Tadhg O’Shea, Ernst Oertel
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m
Winner: Reem Bayounah, Fernando Jara, Mohamed Daggash
6.30pm: Arabian Triple Crown Round-3 – Group 3 (PA) Dh300,000 (T) 2,200m
Winner: Izadi Star, Bernardo Pinheiro, Halal Al Alawi
7pm: Al Maqta Fort – Maiden (PA) Dh80,000 (T) 1,400m
Winner: Ramz, Richard Mullen, Salem Al Ketbi
7.30pm: Qasr Al Muwaiji – Handicap (TB) Dh80,000 (T) 1,400m
Winner: Jumaira Bay, Pat Dobbs, Doug Watson
Killing of Qassem Suleimani
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What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
More from Neighbourhood Watch
Indika
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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.”
If you go…
Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.
Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.
Barbie
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SCORES
Multiply Titans 81-2 in 12.1 overs
(Tony de Zorzi, 34)
bt Auckland Aces 80 all out in 16 overs
(Shawn von Borg 4-15, Alfred Mothoa 2-11, Tshepo Moreki 2-16).
Killing of Qassem Suleimani
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
Miss Granny
Director: Joyce Bernal
Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa
3/5
(Tagalog with Eng/Ar subtitles)
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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Sholto Byrnes on Myanmar politics
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The Specs
Engine 3.8-litre, twin-turbo V8
Transmission: eight-speed automatic
Power: 582bhp (542bhp in GTS model)
Torque: 730Nm
Price: Dh649,000 (Dh549,000 for GTS)
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
Torque: 1470Nm N/A rpm
Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
On sale: October to December
Price: From Dh875,000 (estimate)
