UAE Team Emirates enter the final week of the Vuelta a Espana well-placed to launch an attack on the general classification podium, with both Juan Ayuso and Marc Soler in contention.
Spanish rider Ayuso, racing in only his second Grand Tour event after a podium finish in last year’s Vuelta, finds himself in fourth place, two minutes and 36 seconds behind race leader Sepp Kuss. Soler, meanwhile, is in sixth, three minutes and 10 seconds behind the red jersey holder.
Once again, UAE Team Emirates find themselves in a battle with Team Jumbo Visma following Tadej Pogacar's fierce duel with Jonas Vingegaard at the Tour de France earlier this summer.
The American, regarded as one of the greatest support riders in the world, is leading the charge for Team Jumbo Visma ahead of teammates Primoz Roglic, a three-time winner, and Tour de France champion Vingegaard, in second and third respectively.
UAE Team Emirates have picked up one stage win so far, with Sebastian Molano proving his class after a spectacular sprint finish on stage 12. The Colombian's victory came after some fine lead-out riding by Rui Oliveira.
The Portuguese rider put the hammer down with 400m to the line, timing the attack to perfection and allowing Molano to cross the line ahead of his closest rival Kaden Groves of Alpecin-Deceuninck.
Molano’s stage victory was the 48th of the season for UAE Team Emirates, equalling their tally from their record-breaking 2022 season.
“I’m very happy with this win," Molano said after the stage win. "The team did an amazing job and I dedicate this victory to them and to my family."
Looking ahead to the remainder of the race, stage 16 will favour the breakaway with a short 120km flat route with an uphill sprint finish. Stages 17 and 18 are set to play pivotal roles in the GC standings after two tough mountain stages containing several classified climbs.
Stage 17 will see riders faced with two category 1 climbs, the Cordal and Colladiella, before finishing on the feared slopes of Angliru for what will be a showdown finish.
Stage 18 will provide the riders with a tough and unprecedented challenge. Before the GC contenders can summit La Cruz de Linares, they will be faced with two enormous ascents that will push them to the limit after a gruelling two weeks of racing.
As the final mountain stage of the race, UAE Team Emirates will be doing everything in their power to give Juan Ayuso one last chance to create an opening and attack the overall standings in an attempt to break the Jumbo Visma stronghold on the podium places.
In what’s been a record-breaking season for UAE Team Emirates, they will be looking to their young stars for the inspiration to finish with a bang in the final week of the final Grand Tour event of the season.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
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Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
The nine articles of the 50-Year Charter
1. Dubai silk road
2. A geo-economic map for Dubai
3. First virtual commercial city
4. A central education file for every citizen
5. A doctor to every citizen
6. Free economic and creative zones in universities
7. Self-sufficiency in Dubai homes
8. Co-operative companies in various sectors
9: Annual growth in philanthropy