Jonathan Milan completed victory in a stage 4 sprint, just as he did on the opening day, to secure his second win in the UAE Tour on Thursday.
The Lidl-Trek rider edged out Tim Merlier (Soudal-QuickStep) and Jasper Philipsen (Alpecin-Deceuninck) in a three-way photo finish in the 181km route from Fujairah Qidfa Beach to Umm Al Quwain.
UAE Team Emirates-XRG rider Tadej Pogacar retained his 18-second lead in the leader’s red jersey over second-placed Josh Tarling (Ineos Grenadiers) after enjoying a relatively stress-free day, staying safe in the echelons that caught out many of his major rivals.
“As a team spirit and teamwork, the guys did great job, an amazing job from everybody and because of them I stayed safe today and we keep the red jersey,” the reigning world champion said.
“Today, also a lot of accelerations, a lot of efforts done, so it was really not easy stage. Let's see if tomorrow if it’s going to be the same or will be more combats.
“With still three days to go, for sure it's going to be more action to come. But it’s been so far so good for me.”
Milan was the first to attack on the sprint to the finish line and the Italian had enough power to hold Merlier and Philipsen for the win.
“I think I started [my sprint] a bit too early, but in the end, the photo finish gave me win,” Milan said soon after the stage.
“Like always, I have to thank my teammates, super happy about it. The echelons always make everything a bit more interesting, no? I like them, and they’re really important for the Classics. You [get] a bit of experience, how to move, how to be careful about them.
“We were always ready for them, and I think we moved in a perfect way today. When you move like this with this team, it’s almost easy to bring this type of result, so really happy and proud of all my team-mates.
“We are here to reach our best and to win as much as possible, so yeah, we’ll enjoy this victory and tomorrow we’ll see again.”
Milan, with two stage victories across four days, appears to be the sprinter to watch in the seventh edition of the race.
“It was a bit better than the first day and I have to say, like always, thanks to my guys,” the Italian added after the race.
“Going through the finish line is one thing but there is some big teamwork behind it. I attacked in the last 250 metres. I thought I attacked too early, but I was feeling good and came through my pace.
“I saw Merlier coming up really fast in the last few metres and luckily, I made it first.
“In the last few kilometres we knew that it was important to stay in the front. We moved I think in the best way as we could, and we came out with a fantastic job.”
Milan will be looking to add another win when they go into the 160km stage 5 in Dubai on Friday.
“Of course, this win gives a lot of confidence to me and to all my teammates,” he said .
“Also, for them (team), they showed how strong they are, and they have to be confident to watch me too.”
Stage 4 results:
1. Jonathan Milan (Lidl-Trek), 4hrs 03min 01sec
2. Tim Merlier (Soudal Quick-Step) s.t.
3. Jasper Philipsen (Alpecin-Deceuninck) s.t.
General Classification:
1. Tadej Pogacar (UAE Team Emirates – XRG)
2. Joshua Tarling (Ineos Grenadiers) at 18″
3. Pablo Castrillo (Movistar Team) at 23″
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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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
MATCH INFO
Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')
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PROFILE OF STARZPLAY
Date started: 2014
Founders: Maaz Sheikh, Danny Bates
Based: Dubai, UAE
Sector: Entertainment/Streaming Video On Demand
Number of employees: 125
Investors/Investment amount: $125 million. Major investors include Starz/Lionsgate, State Street, SEQ and Delta Partners
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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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.”
UAE currency: the story behind the money in your pockets
The squad traveling to Brazil:
Faisal Al Ketbi, Ibrahim Al Hosani, Khalfan Humaid Balhol, Khalifa Saeed Al Suwaidi, Mubarak Basharhil, Obaid Salem Al Nuaimi, Saeed Juma Al Mazrouei, Saoud Abdulla Al Hammadi, Taleb Al Kirbi, Yahia Mansour Al Hammadi, Zayed Al Kaabi, Zayed Saif Al Mansoori, Saaid Haj Hamdou, Hamad Saeed Al Nuaimi. Coaches Roberto Lima and Alex Paz.
The specs: 2018 Audi R8 V10 RWS
Price: base / as tested: From Dh632,225
Engine: 5.2-litre V10
Gearbox: Seven-speed automatic
Power: 540hp @ 8,250rpm
Torque: 540Nm @ 6,500rpm
Fuel economy, combined: 12.4L / 100km
BLACKBERRY
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Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5
