Ahmed Ajtebi, at Meydan Racecourse, was the first Emirati jockey to emerge as an international star.
Ahmed Ajtebi, at Meydan Racecourse, was the first Emirati jockey to emerge as an international star.

Emirati jockey blazing own path



DUBAI // Like many young men entering adulthood, Saeed al Mazrooie was unsure of a career path. Then the 22-year-old Emirati worked it out for himself. He would become a jockey. "I have always liked horses and have been following racing. I had a physique of a jockey and that's what really inspired me to try my hands on this job," said al Mazrooie, who weighs 47kg and stands 1.62 metres tall.

He knew that Ahmed Ajtebi, also an Emirati, had become an international racing star while riding for the powerful Godolphin stable. Al Mazrooie took the step of dedicating himself to the sport. After five months of training in the stables, the Emirates Racing Authority (ERA) has chosen him to travel to Ireland for four months to study at the Racing Academy Centre for Education, the institution from which Ajtebi emerged.

Yasir Mabrouk, the ERA official who oversees apprentice programs, believes al Mazrooie could be a star in the making. "This is the path Ahmed [Ajtebi] took and I believe Saeed can be as successful as him if he stays focused on his own abilities and doesn't start thinking out of the box," Mabrouk said. "So far, he has done well. He is ambitious, determined and is enjoying his work." Al Mazrooie, however, would prefer not to be known for travelling on a trail blazed by Ajtebi.

"When I am successful with my apprenticeship, I don't want to be remembered as someone who followed in the footsteps of Ahmed," he said during an interview at the Meydan Hotel. "I want to do my own thing and be successful with my own brand." He added: "Ahmed is the first Emirati jockey to have had a lot of success internationally, but it wasn't his success that made me decide to take this path." Al Mazrooie's real education in racing began in the Grand Stand stable with the menial jobs that mark the early days of most great riders, cleaning stalls and grooming horses.

His day starts as early as 5am. By 11am he has finished his first shift. The second begins at 4pm and continues until 7pm. In five months under Ali Rashid al Raihe, the champion trainer at the Grand Stand Stables, al Mazrooie has displayed perseverance in working towards his goal. He knows that is was al Raihe who also helped Ajtebi in his formative years before retaining him as his stable's second jockey.

Al Raihe has been impressed with al Mazrooie. "He has gone through all the basic work from cleaning the muck from the stables to grooming the horses, which is the toughest part for a young Emirati these days. "Otherwise, he possesses the right height and weight for a jockey and, more importantly, a strong mind." Al Mazrooie treats the Emirati trainer as a father figure who has taught him many important methods for taking care of horses.

Royston Ffrench, the stable jockey, has also been a mentor to al Mazrooie, taking it upon himself to impart riding tips which should help the youngster pursue a career. Mabrouk said Ajtebi has laid out the path for Emiratis to follow if they wish to become jockeys. Three others have attempted it, but they failed to progress beyond their apprenticeship. "The jockeys have to be conscious of their weight and they need to be up early to work on the horses," Mabrouk said. "Besides, Ahmed had no one to look up to. Everything he did was for the first time and his success can't be measured in terms of the regular schooling.

"He came from a humble background and remains the humble guy whom I knew for more than seven years." Ajtebi, 29, never fails to mention Mabrouk's role during his formative years as a jockey. Ajtebi rode into history by becoming the first Emirati to ride a winner at Royal Ascot when he steered Regal Parade to victory for the trainer Dandy Nicholls in 2008. Last year, he rode a Group One double at the Dubai World Cup meeting on Gladiatorus and Eastern Anthem, and later claimed the Breeder's Cup Juvenile Stakes at Santa Anita, California, on Vale of York.

Al Mazrooie may travel in the same circles some day. But first he must get his apprentice licence. When he comes home to Dubai from Ireland, he will return to Grand Stand Stables, and al Raihe could nominate him as an apprentice, subject to ERA approval. Al Mazrooie expects to be riding at tracks in the UAE before the year is out, on his way to becoming the second professional Emirati jockey in the nation.

Said al Mazrooie: "I am confident I can be riding this season." apassela@thenational.ae

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Teachers' pay - what you need to know

Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

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- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

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Install an air filter in your home.

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Stay indoors when conditions are particularly poor.

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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.”

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

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Rating: 3/5

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Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

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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
Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.