It is a mark of the confidence in California Chrome that connections of the Dubai World Cup winner are ready to go hoof-to-hoof with Dortmund at Del Mar on Saturday without Lasix and with a horse not at full throttle.
California Chrome makes his first start since his triumph at Meydan in March in the US$200,000 (Dh734,630) San Diego Handicap as the only runner of the seven not be administered with the anti-bleeding drug.
The five-year-old chestnut, who will be once again ridden by Victor Espinoza, has now not received a dose ahead of competition since he opened his 2016 account in the San Pasqual Stakes at Santa Anita in January.
• Video: Watch California Chrome win in Dubai
California Chrome enjoyed significant rest and recreation at Taylor Made Farms after his exploits in Dubai. He then took time to come to hand training in view of Bob Baffert’s Dortmund at Los Alamitos.
He then showed he was ready when he drilled an impressive and effortless 59.2 seconds over 1,000 metres at Del Mar last Saturday. It was the fastest workout of the 85 on the day.
Veteran handler Art Sherman is bristling with confidence ahead of the 1,700-metre assignment.
“He’s right on and he’s going to run big,” Sherman said. “All of a sudden he has got his game face on and he is all business. He’s jumping and playing and I can tell when he is getting close to run huge.”
California Chrome has a busy schedule ahead. Whatever the outcome at the delightful seaside oval, he is on course to clash with top mare Beholder in the Pacific Classic on August 20 at the same course, where Dortmund could also head.
From there, California Chrome is being aimed at the Awesome Again Stakes at Santa Anita on the first Saturday in October, before he returns to the Californian track four weeks later to try to win his first Breeders’ Cup Classic.
California Chrome’s connections have already stumped up the $1 million to enter the proposed $12m Pegasus World Cup in January, which leaves a third run in the World Cup in March almost certainly off limits.
While Sherman believes that his pride and joy is ready run, he has left a little bit to work on with bigger targets looming.
“I would say he was 85 per cent, he is as tight as I would want him,” Sherman said. “He has been training forwardly, and he is really ready now and is feeling full of himself. He’s a lot of horse right now and looks beautiful.
“I don’t know about Dubai. The game plan is to finish off in the Pegasus World Cup. We’ve paid the money up front. Everything that I know of suggests we won’t be running in Dubai, even though I’d love to go back there. But I think that is asking a lot.”
California Chrome will shoulder 126 pounds and will have to be near his best if he is to beat Dortmund, another hulking chestnut colt who is set to carry five fewer pounds.
Dortmund has not run since he won a Grade 3 at the seaside racecourse in November on the back of a minor event at Santa Anita due to a quarter crack. That return itself was due to the fatigue of competing against American Pharoah in the Kentucky Derby and Preakness Stakes, as well as bruised ribs.
Dortmund will break from Gate 2 under Gary Stevens, with his chief rival emerging from Gate 6. Grade 1 winner Hard Aces is in Gate 1 while outsiders Soi Phet, Crittenden and Follow Me Crev make up the middle draws. Win The Space has the wide outside.
Dortmund’s last workout was at Del Mar on Sunday, when he travelled through 1,200 metres in 1 minute, 12 seconds.
“Dortmund is a nice horse and I have been watching him train at Los Alamitos,” Sherman added. “I just don’t know how ready he is first up.
“He’ll be on the front end. We’ll be stalking so we just see how it plays out. I’m very confident coming in to this race on his performance, but this is horse racing and things happen.”
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NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
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At a glance
Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.
Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year
Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month
Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30
Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse
Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth
Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances
MATCH RESULT
Al Jazira 3 Persepolis 2
Jazira: Mabkhout (52'), Romarinho (77'), Al Hammadi (90' 6)
Persepolis: Alipour (42'), Mensha (84')
Oppenheimer
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PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Match info
Manchester United 1
Fred (18')
Wolves 1
Moutinho (53')
Maestro
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Zidane's managerial achievements
La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017
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 are the influencer academy modules?
- Mastery of audio-visual content creation.
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The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs
AT4 Ultimate, as tested
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How much sugar is in chocolate Easter eggs?
- The 169g Crunchie egg has 15.9g of sugar per 25g serving, working out at around 107g of sugar per egg
- The 190g Maltesers Teasers egg contains 58g of sugar per 100g for the egg and 19.6g of sugar in each of the two Teasers bars that come with it
- The 188g Smarties egg has 113g of sugar per egg and 22.8g in the tube of Smarties it contains
- The Milky Bar white chocolate Egg Hunt Pack contains eight eggs at 7.7g of sugar per egg
- The Cadbury Creme Egg contains 26g of sugar per 40g egg
Chef Nobu's advice for eating sushi
“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”