"I bring them all together", says Shaikh Mohammed

April 2, 2012

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Dubai, April 2: Following the triumph of Monterosso, ridden by Mikael Barzalona, at the Dubai World Cup main event on Saturday night, His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai — the founder of the Godolphin stables which owns Monterosso — spoke exclusively to CNN’s Winning Post prior to and after the Dubai World Cup at the Meydan horse race course the same night.

The Dubai World Cup returned to Godolphin hands after a memorable one-two for Shaikh Mohammed’s racing operation. Monterosso, ridden by Mikael Barzalona, pulled ahead of stablemate Capponi to capture the coveted trophy. Both horses are trained by Mahmood Al Zarooni.

Excerpts from CNN’s Winning Post interview with:

Q: On why he built Meydan and started the Dubai World Cup:

A: “Well we thought about it and it was the horse you know descended from the horse in UAE and the thoroughbred is fantastic, thoroughbreds descending from these horses. So we bring the horse back home.

So actually we race in England, we race in America, we race in Australia, we race in Japan but not all the best horses come together, the Japanese stay home, sometimes they come to England, the Australians stay home, the Americans mostly stay home and also the Europeans. And we thought it if we can make a big Meydan here we can invite them all here and they are – it’s near to them, you know – centralised, so they come and see the magnificent horse race here and compete with all the countries…

Well remember it is in our blood. An Arab with a horse and a falcon… Our love to the horses and that’s why we backed this.”

Q: On thinking the Dubai World Cup would ever become so big:

A: “You have to dream. And our dream, and my dream.”

Q: On his predictions for the outcome of the race:

A: “I feel a lot of competition will be there’s a lot of beautiful horses from America, Europe, Japan, Australia, so you cannot tell. But you know really I am to bring them all together and to see this big party tonight I am honoured.”

Q: On winning the race with Monterosso:

“Yes it is really we haven’t won this race for a few years so to win it really it’s great, great feeling. For me and this is so happy not only for me but for United Arab Emirates and all our people.”

Q: On getting first and second in the race with Monterosso and Capponi:

A: “One-two finish, I mean when they came to the straight I thought will we win or is somebody coming to catch us? But it’s great.”

Q: On Mikael Barzalona (the winning jockey) celebrating before he crossed the finish line:

A: “My heart was in my throat at that time and I didn’t know what to say but thank god we won it and everybody has won — all the country, Ireland won, France won and that’s the racing. I’m double happy now!”


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Agencies
July 28,2020

Dubai, Jul 28: Abu Dhabi Commercial Bank (ADCB) (ADCB.AD) is letting go hundreds of employees, sources said, the latest in a round of lay-offs by regional banks as pressure mounts to cut costs amid lower oil prices and the coronavirus crisis.

The UAE’s third-biggest lender is laying off 400 employees, two sources familiar with the matter said, after it had committed to not cutting staff because of the crisis.

In a statement, a spokesman said ADCB had pursued efficiency over the last decade by managing out its lowest underachievers after regular reviews, while ensuring talent was deployed in high-growth areas, such as digital banking.

“A certain number of redundancies are therefore expected every year in the normal course of business,” the bank spokesman added.

The sources said the cuts would involve ADCB’s consumer business and several in top management were among those being let go. One source said the bank was looking to close 20 branches.

In March, ADCB had declared, “No employee will be made redundant during 2020 as a result of the COVID-19 pandemic.”

UAE banks have been hit by government measures to rein in the spread of the virus, forcing many businesses to shut temporarily.

Last week, Dubai’s largest bank, Emirates NBD, reported a slump of 58% in profits. In June, sources told Reuters the bank started a new round of hundreds of lay-offs.

In May, ADCB reported a fall of 84% in first-quarter net profit as it took impairments of $292 million on debt exposure to troubled hospital operator NMC Health and payments group Finablr.

It was a major lender, with an exposure of about $981 million, to NMC Health, which went into administration this year after months of turmoil following questions over financial reporting.

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News Network
January 8,2020

Dubai, Jan 8: Iranian state television said on Wednesday that at least 80 "American terrorists" were killed in attacks involving 15 missiles Tehran launched on US targets in Iraq, adding that none of the missiles were intercepted.

State TV, citing a senior Revolutionary Guards source, also said Iran had 100 other targets in the region in its sights if Washington took any retaliatory measures. It also said US helicopters and military equipment were "severely damaged".

Iran launched missile attacks on US-led forces in Iraq in the early hours of Wednesday in retaliation for the US drone strike on an Iranian commander whose killing has raised fears of a wider war in the Middle East.

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News Network
April 29,2020

Dubai, Apr 29: Saudi Arabia reported 1,325 new cases of coronavirus, bringing the total number of infections in the country to 21,402, the Ministry of Health announced on Wednesday (April 28).

Meanwhile, the ministry reported 169 recoveries today, with total recoveries in the kingdom at 2,953. There are 125 cases in intensive care.

The ministry also confirmed 5 deaths, bringing the total number of deaths in the kingdom to 157.

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