DUBAI // Adventure tourism businesses are looking to change the world’s perception of Dubai from malls and beaches to something more rigorous.
One of these is Aventura in Mirdif, an adventure park with zip lines and obstacles that provides more active attractions for visitors while connecting them to the natural environment.
Hadi Fakhoury, managing director of the park, said there was “an element of conservation” among the adventure, as visitors swing through the endangered ghaf trees.
“We’re going to create paths across the whole area, first to guide people but mainly to limit them from walking in places that might affect the trees and the eco-system around them,” Ms Fakhoury said.
“We realise we need to protect the area. The roots of the trees are all over the place so we really need to protect them.”
The park is part of a growing trend over the past year to steer tourists out into the natural environment.
Mohammed Al Kaabi is one of the team setting up Hatta Mountain Biking, where four routes are now ready – from basic paths for everyone to extreme ones for experienced cyclists. In time, there will also be hiking trails and kayaking in the area.
“The aim is to make Hatta a getaway destination from Dubai,” said Mr Al Kaabi, an Emirati.
“People won’t believe it’s the Middle East, let alone Dubai, when they see it. On the routes, people will pass parks, traditional villages, farms, the heritage village, ending at the dam.
“It will truly show off the local nature and culture.”
Protecting the local environment was the priority, he said, which is why there had been no hurry to complete the project.
“We want this to be a place where the professional cyclists come as well as residents and tourists. We are preparing the infrastructure for 2020,” Mr Al Kaabi said.
Ras Al Khaimah has also set up zip lines, in the Hajar Mountains in November, including the UAE’s longest outdoor line at 300 metres. The adventures are combined with hiking trips.
“Our relatively untouched mountains, desert and coastline provide the ideal destination for those seeking extreme sports, hiking or watersports,” said Haitham Mattar, chief executive of RAK Tourism Development Authority.
Via Ferrata stretches between the Hajar Mountains and has three zip lines. Mr Mattar said there would be more such attractions coming.
“We are working on formalising hiking trails and cycling routes in the emirate to attract greater numbers of adventure and wellness seekers, who look for luxury indulgence and revival,” he said.
“The adventure tourism market is no longer a niche sector but a more encompassing one that attracts multitudes of travellers all looking for an experience-based holiday.”
Faisal Al Nuaimi, head of tourism in Ajman, agreed there was a demand for more adventure and activity travel in the country.
“Sports overall became a very strong tool that any tourist destination can use to promote the city, country or even the region,” Mr Al Nuaimi said.
“In the past five years I have seen very good growth in the number of people who are letting go of shopping malls as a preferred option to spend their time.”
mswan@thenational.ae
Company%20Profile
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Biography
Favourite book: Zen and the Art of Motorcycle Maintenance
Holiday choice: Anything Disney-related
Proudest achievement: Receiving a presidential award for foreign services.
Family: Wife and three children.
Like motto: You always get what you ask for, the universe listens.
Tomb%20Raider%20I%E2%80%93III%20Remastered
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Diriyah%20project%20at%20a%20glance
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The Beach Bum
Director: Harmony Korine
Stars: Matthew McConaughey, Isla Fisher, Snoop Dogg
Two stars
Company%20Profile
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
COMPANY%20PROFILE
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The%C2%A0specs%20
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Honeymoonish
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Company%20Profile
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UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
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Results:
5pm: Maiden (PA) Dh80,000 1,400m | Winner: Eghel De Pine, Pat Cosgrave (jockey), Eric Lemartinel (trainer)
5.30pm: Maiden (PA) Dh80,000 1,400m | Winner: AF Sheaar, Szczepan Mazur, Saeed Al Shamsi
6pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (PA) Group 3 Dh500,000 1,600m | Winner: RB Torch, Fabrice Veron, Eric Lemartinel
6.30pm: Sheikh Zayed bin Sultan Al Nahyan National Day Cup (TB) Listed Dh380,000 1,600m | Winner: Forjatt, Chris Hayes, Nicholas Bachalard
7pm: Wathba Stallions Cup for Private Owners Handicap (PA) Dh 70,000 1,400m | Winner: Hawafez, Connor Beasley, Ridha ben Attia
7.30pm: Handicap (PA) Dh 80,000 1,600m | Winner: Qader, Richard Mullen, Jean de Roaulle
The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.