While the camel is probably the animal most often associated with the Middle East, the Arabian horse runs a close second. The breeding of the Arabian, famed for its endurance, has undergone a resurgence in the UAE in recent decades and the country has numerous stud farms that house hundreds of the animals. Their significance stretches back centuries and they play a large role in Arab mythology, but their origins are shrouded in uncertainty.
According to tradition, to determine which of his horses were the most loyal, the Prophet Mohammed let 100 thirsty ones loose at an oasis, only to sound a war horn before they reached the watering hole. The five mares that returned to the Prophet are said to form the basis for the five strains of the Arabian.
Some believe the animals developed in parts of present-day Yemen when the land was more fertile, while others think they come from the Fertile Crescent. There is fossil evidence that Arabians existed 5,000 years ago, but the paucity of pre-Islamic specimens has led some to speculate that the Bedouin bred the horses in large numbers only after learning horsemanship and breeding skills from the Persians when the latter converted to Islam.
What is not in doubt is that the Arabian's subsequent evolution was closely linked to its role as a companion to the Bedouin.
Over the centuries, the animals were selected for breeding - and survived - because of their hardiness.
Arabians can travel for three days without water and on little food. They are no match for camels when it comes to surviving in the sand dunes, but beat other equines hands down. The animals are also known for their bravery and carried many Arab warriors into battle, helping spread Islam through the Middle East and North Africa. Because they lived so closely with people - mares were often kept inside family tents - the horses were also bred for their gentle nature, which is still valued today.
"They are good for children to ride because they have a very good character," said Dr Ulrich Wernery, scientific director of the Central Veterinary Research Laboratory in Dubai. A small number, however, have a temperament that some consider too "hot" for children.
Although Arabians tend to be smaller than Thoroughbreds - the British horses originally developed from native mares and Arabian stallions - they are slower over short distances, they are stronger pound-for-pound and generally can run for longer than other breeds.
There is considerable variation among Arabians, but generally they have a higher proportion of slow-twitch muscle fibres, which produce less force but can sustain aerobic activity for longer periods of time. Thoroughbreds usually have more of fast-twitch fibres than other breeds, which means they are good at sprinting, but cannot sustain activity for long periods.
"Arabian horses are not bred as sprinters," said Dr Wernery, adding that they are commonly used for endurance races of 120km and 160km.
The physical beauty of the Arabian, as well as its range in battle - Arabians carried the Ottomans to Vienna in the 16th century led many European breeders to establish stocks of the horses, especially from the 18th century onward. Important bloodlines were created in Poland, England and Russia, and Arabian stallions and mares contributed to the development of the thoroughbred in England. Among the most important Arabian horse breeders were the aristocrats Wilfred and Lady Anne Blunt, who set up the Crabbet Arabian Stud in the south of England in the late 19th century.
In the past 30 to 40 years, the number of Arabian horses around the world has increased dramatically. Breeding programmes have focused on speed for shorter races, endurance or beauty, with particular bloodlines from different parts of the world used for each attribute.
"This specialisation is a very modern thing that some of us do not feel comfortable with, but it is perhaps inevitable", said Deirdre Hyde, stud manager of Wrsan Stables near Shahama. For racing, French mixed with American, Polish or Russian bloodlines are often favoured.
In terms of beauty, breeders look for a nicely shaped head, a tail that is carried high and, in Miss Hyde's words, "a certain flamboyance. It is the show animals that command huge sums of money ? one horse recently sold for US$2 million.
"We now have horses that are hundreds of times more beautiful than those of 25 years ago. The winners of 25 years ago would probably not get a place [in competitions] today," Ms Hyde said.
"The danger of selecting only for looks however is that it can be at the cost of performance and correct leg conformation."
In the Middle East, breeding was traditionally concentrated in areas such as Syria, Iraq and Bahrain. The UAE, with its fierce climate, tended to have smaller numbers of Arabians, but in recent decades this has changed, thanks in large part to the late Sheikh Zayed Al Nahyan, who established a large stud farm.
"Sheikh Zayed was very keen that his people should re-establish roots with their heritage and that includes the Arabian horse," said Miss Hyde.
Other members of the Al Nahyan and Al Maktoum families have also invested heavily in the sport, with some stud farms housing as many as 500 of the horses.
Modern science plays a part in their breeding, with horses microchipped and DNA tested to confirm parentage. Selecting horses, however, is based on the skill of the breeder, rather than the genetic markers sometimes used in Thoroughbred breeding.
"Quite a lot has been done to establish DNA for characteristics [in Thoroughbreds], but not a lot of work with Arabian horses," Miss Hyde said.
"We know by long experience what the families of horses are likely to produce and we study their breeding, show and race records."
The use of frozen sperm is routine, so a single stallion can sire vast numbers of offspring. Embryo transfers, in which mares give birth to babies that are not their own, are also common. This allows a quality mare to "produce" several offspring a year.
"If you take embryos from her she can continue her performance career when another mare is carrying her babies," Miss Hyde said.
"A mare's best reproductive time is between the ages of about six or seven and 14 or 15, which is also her best performance age. If you take embryos from her, you can reproduce her while she's still performing."
@Email:dbardsley@thenational.ae
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
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Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
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.
THE SPECS
Engine: 3.6-litre V6
Transmission: eight-speed automatic
Power: 285bhp
Torque: 353Nm
Price: TBA
On sale: Q2, 2020
Email sent to Uber team from chief executive Dara Khosrowshahi
From: Dara
To: Team@
Date: March 25, 2019 at 11:45pm PT
Subj: Accelerating in the Middle East
Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.
Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.
I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.
This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.
It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.
Uber on,
Dara
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
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 Batman'
Stars:Robert Pattinson
Director:Matt Reeves
Rating: 5/5
Company%20Profile
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Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
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