Debonair can culminate the Derby plan



Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, has won many big races around the world, but Derbies continue to elude him.

It is something he clearly would like to put right today as he has travelled to Japan to watch the Darley-bred Debonair line up at Fuchu Racecourse for the Tokyo Yushun, the Japan Derby.

Sheikh Mohammed last raced in Tokyo in 1983 when he watched his High Hawk, trained by John Dunlop and ridden by Willie Carson, finish 13th in the Japan Cup.

The odds are considerably stacked against him today as no foreign owner has won the race, which has 313 million yen (Dh14.3m) in prize money.

As ever, everything has been meticulously planned. Two years ago Sheikh Mohammed, his wife ,Princess Haya, and his son, Sheikh Hamdan, were the first foreign owners to be registered in the Japan Racing Association's owner list.

Frankie Dettori has been flown over from England for the ride, and the Italian bids to become only the second foreign jockey since compatriot Mirco Demuro in 2003 to win the 2,400-metre race.

Dettori has not raced in Japan since partnering Ouija Board in the Japan Cup in 2006, but with three victories in that race he knows the contours of the left-handed track well.

Earlier in the season, it did not look as if Debonair was going to play his part - the Agnes Tachyon colt has just one win in seven starts - but he proved a revelation in last month's Satsuki Sho, the 2,000 Guineas.

Debonair finished so strongly that he clocked the fastest closing split in the race, a style that looks tailored to Fuchu's 525m finishing straight. The track also has a 400m straight from the starting stalls to the first bend so Dettori should have no problems getting his mount settled, according to trainer Kazuya Nakatake.

"I've been saying all long, Tokyo is his course," he said. "The 2,400 metres will be even better for him, because there's no rush to the first turn. He practically digs when he runs."

Those fortunate enough to watch the Japanese contingent training at Meydan Racecourse in the build up to the Dubai World Cup in March will know how hard most Japanese trainers work their horses, and Nakatake is no different.

Earlier this week, Debonair had seemingly recovered from an intense session so well that instead of the scheduled breeze Nakatake went all out with Debonair. He pushed him to sprint speed at the finish.

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Stamp duty timeline

December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

Famous left-handers

- Marie Curie

- Jimi Hendrix

- Leonardo Di Vinci

- David Bowie

- Paul McCartney

- Albert Einstein

- Jack the Ripper

- Barack Obama

- Helen Keller

- Joan of Arc

Earth under attack: Cosmic impacts throughout history

4.5 billion years ago: Mars-sized object smashes into the newly-formed Earth, creating debris that coalesces to form the Moon

- 66 million years ago: 10km-wide asteroid crashes into the Gulf of Mexico, wiping out over 70 per cent of living species – including the dinosaurs.

50,000 years ago: 50m-wide iron meteor crashes in Arizona with the violence of 10 megatonne hydrogen bomb, creating the famous 1.2km-wide Barringer Crater

1490: Meteor storm over Shansi Province, north-east China when large stones “fell like rain”, reportedly leading to thousands of deaths.  

1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.

1998: Comet Shoemaker-Levy 9 breaks apart and crashes into Jupiter in series of impacts that would have annihilated life on Earth.

-2013: 10,000-tonne meteor burns up over the southern Urals region of Russia, releasing a pressure blast and flash that left over 1600 people injured.

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
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
 
 
 
 
 
 
 
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'Nope'
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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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.


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