Stage winner Team UAE Emirates rider Slovenia's Tadej Pogacar celebrates his overall leader yellow jersey at the Tour de France cycling race. AFP
Stage winner Team UAE Emirates rider Slovenia's Tadej Pogacar celebrates his overall leader yellow jersey at the Tour de France cycling race. AFP
Stage winner Team UAE Emirates rider Slovenia's Tadej Pogacar celebrates his overall leader yellow jersey at the Tour de France cycling race. AFP
Stage winner Team UAE Emirates rider Slovenia's Tadej Pogacar celebrates his overall leader yellow jersey at the Tour de France cycling race. AFP

The UAE looks to cycling for exercise and for the planet


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The sandy dunes and arid climate of the UAE make an atypical setting for cycling. The nation has, however, excelled when it comes to promoting cycling as a competitive sport, a healthy hobby and as an eco-friendly mode of transportation.

UAE Team Emirates has made a name for itself at this year’s Tour de France, cycling’s premier road race. In what was one of the closest finales in the race’s history, Slovenian athlete Tadej Pogacar, cycling for Emirates, won the penultimate stage to clinch victory in the overall General Classification.

"I’m really proud of the team. They made such a big effort,” said Pogacar. “To get the yellow jersey [the award for the leading cyclist at each stage of the race] on the final day is what we dreamed from the start.”

Pogacar, who is the youngest winner in 116 years, won a total of three stages on his Tour de France debut.

His outstanding performance was an inspiration to fans all around the world, and gives the UAE reason to feel proud. The 21-year-old rider’s success also sends a strong message of hope to other aspiring athletes who, in many cases, have had their training interrupted by the coronavirus pandemic and a global economic recession.

Cities around the Gulf have witnessed a growing interest in cycling in recent years – not only as a competitive sport, but also as a way to stay in shape while reducing the carbon footprint. Cycle paths have been constructed throughout Abu Dhabi and Dubai, for example, making it increasingly possible for residents to commute by bicycle during the more temperate seasons of the year.

Last month, Dubai Crown Prince Sheikh Hamdan bin Mohammed said that Dubai aims to become a bicycle-friendly city. Dubai’s Roads and Transport Authority (RTA) has so far laid out around 425km cycling tracks in different areas of the city. By 2025, the RTA aims to extend cycling tracks to 647km. New laws are set to be introduced in a bid to encourage people to practice cycling as a sport but also as an alternate mode of transportation. In Abu Dhabi, Masdar City’s cycling track was also part of a larger drive for sustainability and healthy living.

Gulf nations have some of the Middle East’s highest rates for preventable conditions such as obesity, high cholesterol and diabetes among their population. Arab leaders are taking action to encourage their people to look after their health, especially as most of these conditions can be prevented with small lifestyle changes.

As the cooler months approach, exercising outside or commuting to work by bicycle should be all the more enjoyable

The UAE is looking to reduce the obesity rate among children as part of its National Agenda. Obesity has already declined by one quarter and diabetes has decreased by more than a third among adults in the UAE, according to the 2019 National Health Survey. These positive results have been achieved thanks to awareness raising campaigns about preventable diseases.

Most importantly, Emirati leaders have led by example when it comes to embracing healthier lifestyle choices. For instance, Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, shared footage of himself on social media as he cycled around the city with friends and aides last month.

As the cooler months approach, exercising outside or commuting to work by bicycle should be all the more enjoyable. And with new cycling tracks set to open in the country, bicycle enthusiasts have much to look forward to.

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Jordan cabinet changes

In

  • Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
  • Dr Bassam Samir Al Talhouni, Minister of Justice
  • Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
  • Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
  • Falah Abdalla Al Ammoush, Minister of Public Works and Housing
  • Basma Moussa Ishakat, Minister of Social Development
  • Dr Ghazi Monawar Al Zein, Minister of Health
  • Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
  • Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth

Out

  • Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
  • Hala Noaman “Basiso Lattouf”, Minister of Social Development
  • Dr Mahmud Yassin Al Sheyab, Minister of Health
  • Yahya Moussa Kasbi, Minister of Public Works and Housing
  • Nayef Hamidi Al Fayez, Minister of Environment
  • Majd Mohamed Shoueika, Minister of Public Sector Development
  • Khalid Moussa Al Huneifat, Minister of Agriculture
  • Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
  • Mounir Moussa Ouwais, Minister of Water and Agriculture
  • Dr Azmi Mahmud Mohafaza, Minister of Education
  • Mokarram Mustafa Al Kaysi, Minister of Youth
  • Basma Mohamed Al Nousour, Minister of Culture
PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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.”

The language of diplomacy in 1853

Treaty of Peace in Perpetuity Agreed Upon by the Chiefs of the Arabian Coast on Behalf of Themselves, Their Heirs and Successors Under the Mediation of the Resident of the Persian Gulf, 1853
(This treaty gave the region the name “Trucial States”.)


We, whose seals are hereunto affixed, Sheikh Sultan bin Suggar, Chief of Rassool-Kheimah, Sheikh Saeed bin Tahnoon, Chief of Aboo Dhebbee, Sheikh Saeed bin Buyte, Chief of Debay, Sheikh Hamid bin Rashed, Chief of Ejman, Sheikh Abdoola bin Rashed, Chief of Umm-ool-Keiweyn, having experienced for a series of years the benefits and advantages resulting from a maritime truce contracted amongst ourselves under the mediation of the Resident in the Persian Gulf and renewed from time to time up to the present period, and being fully impressed, therefore, with a sense of evil consequence formerly arising, from the prosecution of our feuds at sea, whereby our subjects and dependants were prevented from carrying on the pearl fishery in security, and were exposed to interruption and molestation when passing on their lawful occasions, accordingly, we, as aforesaid have determined, for ourselves, our heirs and successors, to conclude together a lasting and inviolable peace from this time forth in perpetuity.

Taken from Britain and Saudi Arabia, 1925-1939: the Imperial Oasis, by Clive Leatherdale

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