Andrea Atzeni rides Postponed to win The Queen Elizabeth II Coronation Cup at Epsom Racecourse on June 4, 2016 in Epsom, England. Alan Crowhurst / Getty Images
Andrea Atzeni rides Postponed to win The Queen Elizabeth II Coronation Cup at Epsom Racecourse on June 4, 2016 in Epsom, England. Alan Crowhurst / Getty Images
Andrea Atzeni rides Postponed to win The Queen Elizabeth II Coronation Cup at Epsom Racecourse on June 4, 2016 in Epsom, England. Alan Crowhurst / Getty Images
Andrea Atzeni rides Postponed to win The Queen Elizabeth II Coronation Cup at Epsom Racecourse on June 4, 2016 in Epsom, England. Alan Crowhurst / Getty Images

Postponed aims to become only third horse to win back-to-back King George VI and Queen Elizabeth Stakes at Ascot


  • English
  • Arabic

LONDON // Postponed’s busy schedule will not be a factor in his bid to become just the third horse to win back-to-back King George VI and Queen Elizabeth Stakes at Ascot on Saturday.

Postponed, who will once again be partnered by Andrea Atzeni, has been in training since January and following his two bloodless victories in Dubai during the winter which included the US$6 million (dh22M) Dubai Sheema Classic, he returned to England to land the Coronation Cup at Epsom last month.

• Geoffrey Riddle: Postponed aims to defend Sheema Classic crown in Dubai following Coronation Cup win at Epsom

Europe’s highest-rated turf horse will take on nine rivals on Saturday in the £1.215 million (Dh5.85m) contest, a cast that will comprise Highland Reel who he trounced at Meydan, and Second Step, a horse left for dead at Epsom in June. Queen Elizabeth’s Dartmouth, set to be ridden by Olivier Peslier, is also among those attempting to stop Postponed becoming a dual winner in the hoofprints of Dahlia in 1973-74 and Godolphin’s Swain in 1997-98.

“He had almost eight weeks between the Sheema Classic and Coronation Cup and seven weeks between that and this race,” trainer Roger Varian said. “He has been let down following each run and then we picked up his training with each race. It should not be a problem.”

Varian confirmed that Sheikh Mohammed Obaid’s standard-bearer could well drop back in distance from Saturday’s 2,400-metre test to the 2,000 metres of the International Stakes at York next month. From there an audacious bid to secure his legacy in the Prix de l’Arc de Triomphe in Chantilly in October could also be on the agenda, as could the Breeders’ Cup Turf in Santa Anita a month later. A return to Dubai is also on the table.

“The International is the plan as we would like to see if he could win a Group 1 race over 10 furlongs,” Varian added. “It is dependent on what happens on Saturday, and whether he comes out the other side well. It would be exciting to take on those mile-and-a-quarter horses.

“Dubai has only ever been talked about once, and that was in the aftermath of the Coronation Cup. The Sheikh is a sportsman and is enjoying his horse, and that is commendable. If everything is ticked and the horse looks like he has got another year in him then it is something to consider.”

Varian confirmed that Ajman Bridge will take on the pacemaking duties in the unfortunate absence of Roseburg, who cut out the running at Epsom but has subsequently died.

Varian is also set to run Sheikh Hamdan bin Rashid’s Intilaaq, who was eighth in the Dubai Turf, against subsequent Sandown conqueror Time Test at York on Saturday.

Follow us on Twitter @NatSportUAE

Like us on Facebook at facebook.com/TheNationalSport

DSC Eagles 23 Dubai Hurricanes 36

Eagles
Tries: Bright, O’Driscoll
Cons: Carey 2
Pens: Carey 3

Hurricanes
Tries: Knight 2, Lewis, Finck, Powell, Perry
Cons: Powell 3

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.”

UAE currency: the story behind the money in your pockets
What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

HIJRA

Starring: Lamar Faden, Khairiah Nathmy, Nawaf Al-Dhufairy

Director: Shahad Ameen

Rating: 3/5

57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
Brief scoreline:

Manchester United 0

Manchester City 2

Bernardo Silva 54', Sane 66'

The lowdown

Badla

Rating: 2.5/5

Produced by: Red Chillies, Azure Entertainment 

Director: Sujoy Ghosh

Cast: Amitabh Bachchan, Taapsee Pannu, Amrita Singh, Tony Luke

If you go

Flights

Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.

The stay

Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

All%20We%20Imagine%20as%20Light
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EPayal%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Kani%20Kusruti%2C%20Divya%20Prabha%2C%20Chhaya%20Kadam%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A