One down, seven to go for the Emirati jockey Ahmad Ajtebi. He rode a winner in Abu Dhabi's opening meeting to take his tally to 63 and is now seven short of shedding his apprenticeship, which he hopes to achieve soon.
"But there is no great hurry, I am still enjoying the claim," said Ajtebi, 25, who rode a winner and was placed second four times in the first two meetings of the season in Nad Al Sheba and Abu Dhabi.
"I'm very happy with my progress. God willing, I am looking at a bright career ahead," added Ajtebi, who is the first jockey for the new trainer Mubarak Khalifa bin Shafya.
Shafya is the endurance race horse trainer for Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, and was a member of the gold medal winning team in the world championship in Malaysia last week.
Ajtebi is also the first jockey for Mohammed Ramadan and is the second choice man for Emirati trainer Ali Rashid al Raihe.
Ajtebi added: "Mubarak has an all-thoroughbred string which we will see soon on the track and Ramadan has a majority of the Purebreds. So there is no clash between the two stables for the moment."
Ajtebi became the first jockey from the region to win at the Royal Ascot meeting earlier this year when he rode the David Nicholls trained 25-1 shot Regal Parade in the Buckingham Palace Stakes.
"For me, riding at the Royal Ascot meeting was itself an experience. And winning there was not only a proud occasion for me but for my country and to all those who have supported me all along."
Ajtebi singles out Yasir Mabrouk, the Emirates Racing Authority's senior clerk of the scales and the official interpreter, as the biggest influence in his professional career.
"He's there with me - 24 hours and 365 days on the phone, whether I'm here or abroad," said Ajtebi. "Of course it was His Highness Sheikh Mohammed, who put me on the road to success, for which I am ever so grateful.
"I use to ride camels as a young boy. I enjoyed the thrills and excitement of those bumpy rides.
"And I had the good fortune of meeting His Highness who asked me if I would be interested in riding horses. I was very excited and accepted the offer.
"He arranged for my first lessons on riding and sent me to Ireland for my first formal education, followed by a similar course in Australia. I travelled to South Africa three times and the UK twice as part of my schooling."
It has been a race to the top all the way for Ajtebi, who returns to the domestic season after notching up four winners from 10 rides in Kenya and Zimbabwe, and having spent a successful summer in the UK where he rode 10 winners.
"I think I'm a better and more confident rider than I was last season. So I'm really looking forward to the season ahead. Every trainer or owner likes to have the best jockey on his horse, but I think I can be just as good," smiled Ajtebi, who has ridden winners in eight countries including the UK, Australia, South Africa, Zimbabwe, Bahrain and Qatar.
"I like riding because it is very challenging. But riding winners is not the only priority for me.
"I want to raise my country's image where ever I ride and show the world the UAE not only own some of the best race horses in the world but they can also produce trainers and jockeys."
apassela@thenational.ae
The low down
Producers: Uniglobe Entertainment & Vision Films
Director: Namrata Singh Gujral
Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark
Rating: 2/5
COMPANY%20PROFILE
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If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Army of the Dead
Director: Zack Snyder
Stars: Dave Bautista, Ella Purnell, Omari Hardwick, Ana de la Reguera
Three stars
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.
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
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.
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
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.”
Teri%20Baaton%20Mein%20Aisa%20Uljha%20Jiya
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The Bio
Favourite vegetable: “I really like the taste of the beetroot, the potatoes and the eggplant we are producing.”
Holiday destination: “I like Paris very much, it’s a city very close to my heart.”
Book: “Das Kapital, by Karl Marx. I am not a communist, but there are a lot of lessons for the capitalist system, if you let it get out of control, and humanity.”
Musician: “I like very much Fairuz, the Lebanese singer, and the other is Umm Kulthum. Fairuz is for listening to in the morning, Umm Kulthum for the night.”
The%20specs
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THE%20SPECS
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Sam Smith
Where: du Arena, Abu Dhabi
When: Saturday November 24
Rating: 4/5
COMPANY%20PROFILE
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