Egyptian-German businessman Yusef Ahmed initiated the idea of the Cop27 bike ride to spread environmental awareness. Photo: Yusef Ahmed
Egyptian-German businessman Yusef Ahmed initiated the idea of the Cop27 bike ride to spread environmental awareness. Photo: Yusef Ahmed
Egyptian-German businessman Yusef Ahmed initiated the idea of the Cop27 bike ride to spread environmental awareness. Photo: Yusef Ahmed
Egyptian-German businessman Yusef Ahmed initiated the idea of the Cop27 bike ride to spread environmental awareness. Photo: Yusef Ahmed

Meet the men cycling 655km to Egypt’s Cop27 in Sharm El Sheikh from Cairo


Nada El Sawy
  • English
  • Arabic

Three keen Egyptian cyclists and UAE-based German bike shop owner Wolfgang Hohmann will cycle from Cairo to Sharm El Sheikh, where the UN climate summit Cop27 will take place next month.

The goal of the six-day “Cop27 by bike” expedition that starts on Saturday is to spread awareness about environmental sustainability and build a bridge with Cop28 host UAE.

Egyptian-German organiser Yusef Ahmed, biking enthusiast Galal Zekri, retired ambassador Mohamed Elewa and Mr Hohmann ― known as Wolfi ― will cover approximately 655 kilometres on the cycling tour.

The group will set off from the German International University at the New Administrative Capital, about 35 kilometres east of central Cairo, and finish at Sharm El Sheikh’s International Convention Centre on October 27.

Cop27, which takes place from November 6 to 18, covers various climate-related topics with the main aim of implementing the Paris Agreement to limit global warming.

“Cop27 is about environmentally-friendly action,” Mr Ahmed, 47, tells The National.

He says the Cop27 by bike initiative has three main environmental awareness tags to promote.

“Number one tag would be ‘don’t litter'. Number two is ‘be active’. Number three would be, in general, creating awareness on resource efficiency,” he says.

Day one will cover 97km from the New Administrative Capital to the city of Suez on the Red Sea.

Day two will cover 109km to Ras Sedr on the eastern side of the Gulf of Suez, followed by 205km on day three, all the way to the St Catherine monastery at the foot of Mount Sinai.

The group will take a rest on day four, before cycling 132km on day five to Dahab on the Gulf of Aqaba and 94km on day six to the finish in Sharm El Sheikh.

Mr Ahmed, the founder of a Frankfurt-based consulting company, got the cycling bug after moving back to Egypt three years ago and doing triathlons. He met Mr Hohmann when he bought his bike at Wolfi’s in Dubai.

He got the idea for the Cop27 bike ride about six months ago and has his sights on creating an even larger event in the UAE for next year’s Cop28.

  • Twenty years ago, cycling enthusiast and Wolfi's founder Wolfgang Hohmann began his journey from selling bicycles from a corner of his brother's car repair shop in Germany to making his name and creating a brand that has become synonymous with cycling in the UAE. Photo: Wolfi's
    Twenty years ago, cycling enthusiast and Wolfi's founder Wolfgang Hohmann began his journey from selling bicycles from a corner of his brother's car repair shop in Germany to making his name and creating a brand that has become synonymous with cycling in the UAE. Photo: Wolfi's
  • The first Wolfi's bicycle shop opened 20 years ago in Dubai and is now one of the most visible sports brands in the emirate. Photo: Wolfi's
    The first Wolfi's bicycle shop opened 20 years ago in Dubai and is now one of the most visible sports brands in the emirate. Photo: Wolfi's
  • Wolfgang Hohmann unloads the container he brought from Germany to stock his first store in Dubai. Photo: Wolfi's
    Wolfgang Hohmann unloads the container he brought from Germany to stock his first store in Dubai. Photo: Wolfi's
  • Cycling has come a long way in the UAE since Wolfi's went into business in 2002. Team Emirates has become a household name in the sport and Tadej Pogacar, left, won two consecutive Tours de France. EPA
    Cycling has come a long way in the UAE since Wolfi's went into business in 2002. Team Emirates has become a household name in the sport and Tadej Pogacar, left, won two consecutive Tours de France. EPA
  • Al Qudra Cycling Track in Dubai is a popular destination for cyclists. AFP
    Al Qudra Cycling Track in Dubai is a popular destination for cyclists. AFP

Mr Hohmann, who set up his famous bike shop two decades ago, tells The National he is happy to support the cause and “connect Cop27 with Cop28”.

He hopes to spread the messages of “trying to incorporate a more active lifestyle into your daily routine” and “instead of using fuel, you use your own body”.

“It’s not always up to the government to take actions. It’s us as individuals,” Mr Hohmann says. “If we really work together on this, I think we can make a tremendous difference.”

Galal Zekri, 29, is a keen cyclist who covered 7,000km across Egypt when he was 21 years old. He leads a 1,000km cycling expedition NS Crossing once a year from the north of Egypt to the Sudanese border. Photo: Galal Zekri
Galal Zekri, 29, is a keen cyclist who covered 7,000km across Egypt when he was 21 years old. He leads a 1,000km cycling expedition NS Crossing once a year from the north of Egypt to the Sudanese border. Photo: Galal Zekri

Mr Ahmed also recruited Mr Zekri, 29, one of Egypt’s most well-known cyclists. At age 21, he cycled across Egypt, clocking up 7,000km over five months.

Mr Zekri is the founder of NS Crossing, which organises an annual 1,000km cycling 12-day expedition from Marsa Matruh on Egypt’s North Coast to Shalateen on the Sudanese border.

He says 80 per cent of the people who join are novice riders who had never completed five kilometres on a bike before. He gives them tips and helps them complete two 100km training rides.

“If you think of the average human, anyone can walk 30km and anyone can ride 100km,” Mr Zekri tells The National.

He filmed 26 episodes for an adventure show on Egyptian station CBC TV highlighting a 1,800km ride from the Mediterranean coast to the Red Sea coast. The first episode aired earlier this month.

Tying in the message of caring for the environment with leading an active lifestyle, he says he witnessed first-hand people throwing rubbish in beautiful spots along the Red Sea.

“People think that someone will pick up after them … We have to start with the basics that we should not litter,” Mr Zekri says.

He is also producing an Arabic YouTube show called “Kilo90” that encourages Egyptian celebrities to try cycling 90km.

Egyptian ambassador Mohamed Elewa has cycled a total of more than 20,000km in 17 countries. Photo: Mohamed Elewa
Egyptian ambassador Mohamed Elewa has cycled a total of more than 20,000km in 17 countries. Photo: Mohamed Elewa

The third Egyptian member of the Cop27 bike ride, Mr Elewa, served as an ambassador for 30 years in Gabon, Switzerland, China and Jordan.

Mr Elewa, 54, has embarked on long-distance cycling expeditions since 2017. He has cycled 20,000km in 17 countries on three continents. He is known for using a reclining recumbent bike, but will use a “normal bike” for this ride.

The Cop27 bike ride is supported by several partners, including Mercedes, the German embassy in Cairo and the German-Arab Chamber of Industry and Commerce.

With less than three weeks to go until the Cop27 summit, similar awareness campaigns combined with encouraging an active lifestyle are ramping up.

British-South African endurance swimmer and UN Patron of the Oceans Lewis Pugh started a 160km swim last week from Saudi Arabia’s Tiran Island to the Egyptian Red Sea city of Hurghada. He is urging world leaders to drastically cut emissions and protect coral reefs, which are at risk of extinction within this century.

Mr Pugh was joined by Saudi swimmer and humanitarian Mariam Binladen, making her the first Arab and woman to swim from Saudi Arabia to Egypt, and Egyptian swimmer Mostafa Said.

Egyptian world record holder Ali Abdo started his Ride to Cop27 on October 10 with the aim of covering 20,000km across Egypt on his electric motorcycle.

Finally, the world’s longest non-stop baton relay covering 7,800km from Glasgow to Sharm El Sheikh began on September 30 and will reach Egypt on November 4.

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SERIE A FIXTURES

Friday Sassuolo v Torino (Kick-off 10.45pm UAE)

Saturday Atalanta v Sampdoria (5pm),

Genoa v Inter Milan (8pm),

Lazio v Bologna (10.45pm)

Sunday Cagliari v Crotone (3.30pm) 

Benevento v Napoli (6pm) 

Parma v Spezia (6pm)

 Fiorentina v Udinese (9pm)

Juventus v Hellas Verona (11.45pm)

Monday AC Milan v AS Roma (11.45pm)

Scores:

Day 4

England 290 & 346
Sri Lanka 336 & 226-7 (target 301)

Sri Lanka require another 75 runs with three wickets remaining

How to help

Call the hotline on 0502955999 or send "thenational" to the following numbers:

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Nick's journey in numbers

Countries so far: 85

Flights: 149

Steps: 3.78 million

Calories: 220,000

Floors climbed: 2,000

Donations: GPB37,300

Prostate checks: 5

Blisters: 15

Bumps on the head: 2

Dog bites: 1

We Weren’t Supposed to Survive But We Did

We weren’t supposed to survive but we did.      
We weren’t supposed to remember but we did.              
We weren’t supposed to write but we did.  
We weren’t supposed to fight but we did.              
We weren’t supposed to organise but we did.
We weren’t supposed to rap but we did.        
We weren’t supposed to find allies but we did.
We weren’t supposed to grow communities but we did.        
We weren’t supposed to return but WE ARE.
Amira Sakalla

Get Out

Director: Jordan Peele

Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

Four stars

Global state-owned investor ranking by size

1.

United States

2.

China

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UAE

4.

Japan

5

Norway

6.

Canada

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Singapore

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Australia

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Saudi Arabia

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AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Dubai World Cup Carnival card:

6.30pm: Handicap (Turf) | US$175,000 2,410 metres

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) $100,000 1,400m

7.40pm: Handicap (T) $145,000 1,000m

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m

9.25pm: Handicap (T) | $175,000 1,400m

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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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.”

Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

Shortlisted novels: 66

Longlisted novels: 111

Total number of novels submitted: 1,780

Novels translated internationally: 66

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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The biog

Name: Sari Al Zubaidi

Occupation: co-founder of Cafe di Rosati

Age: 42

Marital status: single

Favourite drink: drip coffee V60

Favourite destination: Bali, Indonesia 

Favourite book: 100 Years of Solitude 

Results

1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m

Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2pm Handicap (TB) 68,000 (D) 1,950m

Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer

2.30pm Maiden (TB) Dh60,000 (D) 1,600m

Winner Mazagran, Tadhg O’Shea, Satish Seemar

3pm Handicap (TB) Dh84,000 (D) 1,800m

Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer

3.30pm Handicap (TB) Dh76,000 (D) 1,400m

Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly

4pm Maiden (TB) Dh60,000 (D) 1,200m

Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer

4.30pm Handicap (TB) Dh68,000 (D) 1,200m

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

The%20US%20Congress%20explained
%3Cp%3E-%20Congress%20is%20one%20of%20three%20branches%20of%20the%20US%20government%2C%20and%20the%20one%20that%20creates%20the%20nation's%20federal%20laws%3C%2Fp%3E%0A%3Cp%3E-%20Congress%20is%20divided%20into%20two%20chambers%3A%20The%20House%20of%20Representatives%20and%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%C2%A0The%20House%20is%20made%20up%20of%20435%20members%20based%20on%20a%20state's%20population.%20House%20members%20are%20up%20for%20election%20every%20two%20years%3C%2Fp%3E%0A%3Cp%3E-%20A%20bill%20must%20be%20approved%20by%20both%20the%20House%20and%20Senate%20before%20it%20goes%20to%20the%20president's%20desk%20for%20signature%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%20218%20seats%20to%20be%20in%20control%20of%20the%20House%20of%20Representatives%3C%2Fp%3E%0A%3Cp%3E-%20The%20Senate%20is%20comprised%20of%20100%20members%2C%20with%20each%20state%20receiving%20two%20senators.%20Senate%20members%20serve%20six-year%20terms%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%2051%20seats%20to%20control%20the%20Senate.%20In%20the%20case%20of%20a%2050-50%20tie%2C%20the%20party%20of%20the%20president%20controls%20the%20Senate%3C%2Fp%3E%0A
Updated: October 17, 2022, 2:22 PM