Regal Ransom increased Godolphin's Group One winners in America this season to five by winning the Super Derby on Saturday. The record of the Dubai stable, who tasted victory here in 2002 with Essence of Dubai, has improved markedly in the second half of 2009 and the return to form of Regal Ransom, back after a four-month lay-off due to inflammation just below the hock areas of his hind legs, encapsulates the boys in blue's change in fortunes.
A son of Distorted Humor, Regal Ransom made all the running in the 1m1f race, claiming victory by 1 1/4 lengths over Blame. "My horse was travelling so comfortably and relaxed," said the jockey Richard Migliore. "I really felt like a winner in the first turn." Regal Ransom started the season well with a win over stablemate, Desert Party in the Group Two UAE Derby on World Cup night, before his disappointing eighth-place finish at the Kentucky Derby in May.
According to assistant trainer Rick Mettee, the foundations for his comeback were laid in Dubai, with the colt building on strong work at the new tapeta training track; a surface expected to be used for the new Meydan track. "He really responded well to the time off," said Mettee. "We're not surprised that he ran a big race. We didn't expect to win maybe this easy. But we weren't surprised." "We all thought he might be tired coming out of this race, this being his first since May, but given how easy he won, we might have to look at some other options."
stregoning@thenational.ae
AL BOOM
Director:Assad Al Waslati
Starring: Omar Al Mulla, Badr Hakami and Rehab Al Attar
Streaming on: ADtv
Rating: 3.5/5
COMPANY PROFILE
Company name: Supy
Started: 2021
Founders: Dani El-Zein, Yazeed bin Busayyis, Ibrahim Bou Ncoula
Based: Dubai
Industry: Food and beverage, tech, hospitality software, Saas
Funding size: Bootstrapped for six months; pre-seed round of $1.5 million; seed round of $8 million
Investors: Beco Capital, Cotu Ventures, Valia Ventures and Global Ventures
Results
6.30pm: Maiden Dh165,000 (Dirt) 1,400m. Winner: Rio Angie, Pat Dobbs (jockey), Doug Watson (trainer).
7.05pm: Handicap Dh170,000 (D) 1,600m. Winner: Trenchard, Pat Dobbs, Doug Watson.
7.40pm: Maiden Dh165,000 (D) 1,600m. Winner: Mulfit, Pat Dobbs, Doug Watson.
8.15pm: Handicap Dh210,000 (D) 1,200m. Winner: Waady, Dane O’Neill, Doug Watson.
8.50pm: Handicap Dh210,000 (D) 2,000m. Winner: Tried And True, Pat Dobbs, Doug Watson.
9.25pm:Handicap Dh185,000 (D) 1,400m. Winner: Midnight Sands, Pat Dobbs, Doug Watson.
Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
Killing of Qassem Suleimani
Mercedes V250 Avantgarde specs
Engine: 2.0-litre in-line four-cylinder turbo
Gearbox: 7-speed automatic
Power: 211hp at 5,500rpm
Torque: 350Nm
Fuel economy, combined: 6.0 l/100 km
Price: Dh235,000
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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