Ryan Gibbons racing for UAE Team Emirtaes in the 2023 Grand Prix de Denain. Photo: UAE Team Emirates
Ryan Gibbons racing for UAE Team Emirtaes in the 2023 Grand Prix de Denain. Photo: UAE Team Emirates
Ryan Gibbons racing for UAE Team Emirtaes in the 2023 Grand Prix de Denain. Photo: UAE Team Emirates
Ryan Gibbons racing for UAE Team Emirtaes in the 2023 Grand Prix de Denain. Photo: UAE Team Emirates

Ryan Gibbons: UAE Team Emirates support helped my gold rush at African Championships


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Growing up in South Africa, sports like rugby, cricket, and athletics are often seen as the trodden routes for aspiring youngsters to representing the country on the professional stage. But cycling? Absolutely not.

Cycling is definitely seen as more of a hobby and not at all as a profession or career. I remember my parents used to take part in local mountain bike events and I’d tag along for the shorter “children’s races”. Cycling simply filled my weekends if there were no school sports fixtures. In all honesty, other than the Tour De France, I didn’t have a clue about anything to do with professional cycling.

As I got older and continued to enjoy mountain biking, I started to race and honed a lot of the skills that I now rely on, namely my acceleration and sprint ability. The racing was fast, intense, but incredibly entertaining for a young boy. As I started to transition into road racing, I remember thinking it was easier than the mountain bike events. The main difference was the length of races, and the fact that there were proper race tactics involved.

Fast-forward to 2019, and I was competing for South Africa at the African Games in Morocco. While it was a bit of a whirlwind, I tried to soak up every experience to the absolute maximum. The Games were almost a perfect result for me. I managed to win the time-trial and team time-trial, which is something I could only have dreamed of. It is always an honour to represent your country, but to secure two gold medals makes it that much sweeter and memorable.

At the 2021 African Road Championships, I was focused on securing the elusive gold medal in the road race having finished second in 2019. The support of UAE Team Emirates gave me that additional confidence and motivation to perform well, and I went into the Games directly from a good block of racing in the Belgian Classics. My form was good … the final results were even better! Winning all four golds in the African Games was absolutely surreal and the entire week was a special experience. It exceeded my expectations and will be a trip I’ll forever cherish.

Focusing on 2023 and UAE Team Emirates, it’s been an extremely successful start to the season. We are arguably the best team in the world and churning out the results to prove it. Some highlights that stand out are essentially any race Tadej Pogacar has competed in this season, along with Adam Yates’ performance on Jebel Hafeet. Tadej is the greatest cyclist of our generation, and it is truly a privilege to be on the same team as him. Adam’s performance in the final stage of the UAE Tour was spectacular as well.

Tadej Pogacar, centre, has had a superb start to the season, winning three of his first four races including most recently Paris-Nice. AFP
Tadej Pogacar, centre, has had a superb start to the season, winning three of his first four races including most recently Paris-Nice. AFP

For me personally, my role in 2023 has changed somewhat and I’m riding in a fully supportive role with Pascal Ackermann. Naturally I’m still ambitious and want to achieve good results where I can, but if I can play my part in the team winning, then I’m equally satisfied. In every race I’ve done so far, the team has either won the team classification, won a stage, or at least been on the podium, so I believe it’s been a great start.

As a team, we are super focused on winning the Tour De France in 2023, as well as several other races across the year, striving for our goal of being the best team in the world and finishing with the most UCI points. It’s a very ambitious goal, but we have the talent and determination to go for it.

Lastly, a massive thank you to our UAE fans. I am so honoured and humbled to be a part of this team and with you all supporting us so passionately. We all appreciate it so much and are so proud to represent you all as UAE Team Emirates.

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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.”

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What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

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Dubai works towards better air quality by 2021

Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.

The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.

These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.

“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.

“We’re in a good position except for the cases that are out of our hands, such as sandstorms.

“Sandstorms are our main concern because the UAE is just a receiver.

“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”

Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.

There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.

“There are 25 stations in total,” Mr Al Daraji said.

“We added new technology and equipment used for the first time for the detection of heavy metals.

“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

BUNDESLIGA FIXTURES

Saturday, May 16 (kick-offs UAE time)

Borussia Dortmund v Schalke (4.30pm) 
RB Leipzig v Freiburg (4.30pm) 
Hoffenheim v Hertha Berlin (4.30pm) 
Fortuna Dusseldorf v Paderborn  (4.30pm) 
Augsburg v Wolfsburg (4.30pm) 
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)

Sunday, May 17

Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)

Monday, May 18

Werder Bremen v Bayer Leverkusen (9.30pm)

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

Updated: March 19, 2023, 12:04 PM