Dubai Sheikh cuts racehorse spending, drastically

By Andy Rice 8 October 2010

Sheikh Mohammed bin Rahid al-Maktoum, the ruler of Dubai, is clearly feeling the pinch of the global economic situation. He's slashed his spending on his favourite indulgence - racehorses - spending "only" 3.21 million guineas ($5.4 million) at Europe's biggest racehorse auction in Newmarket, UK, which ended on Thursday. Sheikh Mohammed spent 8.16 million guineas on horses at the same auction last year. Clearly he's got other things on his mind than augmenting his award-winning stable - Dubai's debt crisis pre-eminent among them. Read more: Bloomberg


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Ramaphosa in New York

Ramaphosa eyes solution to land question, hints at election before May

By Peter Fabricius

"We spend the first year of a child's life teaching it to walk and talk and the rest of its life to shut up and sit down. There's something wrong there." ~ Neil deGrasse Tyson