ABU DHABI // RB Burn made a stunning introduction to racing in the UAE on Sunday night.
He stunned a world-class field – including Al Mourtajez, widely regarded as the world’s best Purebred Arabian in the world – to scoop the €1.2 million (Dh4.8m) Sheikh Zayed bin Sultan Al Nahyan Jewel Crown, the world’s richest race for the Purebred Arabians.
Ridden by Gerald Avranche for the Abu Dhabi-based trainer Eric Lemartinel, the colt burst through the 16-runner field to win by three-quarters of a length from the French-trained pair Mabrooka and Sylvine Al Maury.
Al Mourtajez could only finish sixth after racing prominently behind the pace-making Thakif over the 1,600-metre distance.
Sahabba, the runner-up last year, and AF Mathmoon, the Dubai Kahayla Classic winner, finished fourth and fifth respectively.
Kalino, last year’s winner, trailed in 11th.
Lemartinel has been following the American-bred colt’s progress in France since he was purchased by Sheikh Sultan bin Khalifa last year.
“He had a lot of speed,” the trainer said. “He was pulling hard over long distance races and didn’t have much luck in some of the races in France.
“I thought his optimum was 1,600 to 1,800m. He travelled so well over here tonight.
“We also had the blinkers on for the first time because when I saw him in France, I observed him looking left and right. He concentrated on his job tonight.”
It was RB Burn’s third and biggest career victory from nine starts. And for a four year old, he is sure to have a bright future in the UAE with the Dubai Kahayla Classic as an obvious target.
The two main supporting prizes on the six-race card were won by the most experienced riders in the two races.
Catherine Walton steered RB Dixie Burning to an emphatic win in the Sheikha Fatima bint Mubarak Ladies World Championship on RB Dixie Burning for Lemartinel’s first of the two winners on the night.
The Briton, 29, arrived with 119 career winners and showed her vast experience by taking the shortest way home.
“She was moving nicely,” Walton said. “I only had to use my hands and heels, and once she got into the front on the final bend she just pulled away. Obviously, I’m delighted with this title.”
The Sheikha Fatima bint Mubarak Apprentice Championship went to an Australian for the second time in a row.
Brent Thompson claimed the prize last year and Dylan Dunn repeated the trick on the Jean de Roualle-trained Qader, making all the running for a resounding win by more than seven lengths over the 1,600-metre distance.
Dunn, 21, with 121 career winners, was the most experienced of the dozen riders and he showed his class by steering Qader to his first win in eight starts.
“Dylan rode a beautiful race,” Qader’s handler De Roualle said. “He knows how the pace is going, the speed is going and that’s the base for a good jockey.”
The winning jockey added: “It’s a massive thrill for me. I was able to get the horse to relax there in the front early on and getting it to switch back on and once I was able to do that it was pretty much simple from there.”
Ernst Oertel, the Dubai-based South African trainer, and Khalid Khalifa Al Nabooda, the Emirati owner-breeder, enjoyed an early double under two different jockeys, Richard Mullen and Lyle Hewitson.
Hewitson, 18, achieved a double milestone on the night. The South African jockey made a dream debut in the UAE, winning his first ever ride on the capital’s track and recording his 100th career victory.
“It simply amazing to win in a race where there were top jockeys,” Hewitson said. “It was really a close race and it was fantastic to come out on tops. It was my first ride in the UAE and to end up completing the 100th career win was very, very special.”
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The Details
Kabir Singh
Produced by: Cinestaan Studios, T-Series
Directed by: Sandeep Reddy Vanga
Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa
Rating: 2.5/5
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.”
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
- Stay invested: Time in the market, not timing the market, is critical to long-term gains.
- Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
- Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
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UAE currency: the story behind the money in your pockets
Results
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Company%20Profile
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Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Japan 30-10 Russia
Tries: Matsushima (3), Labuschange | Golosnitsky
Conversions: Tamura, Matsuda | Kushnarev
Penalties: Tamura (2) | Kushnarev
Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
More from Neighbourhood Watch:
Set-jetting on the Emerald Isle
Other shows filmed in Ireland include: Vikings (County Wicklow), The Fall (Belfast), Line of Duty (Belfast), Penny Dreadful (Dublin), Ripper Street (Dublin), Krypton (Belfast)