• Stage winner Dylan Groenewegen, centre, sprints towards the finish line ahead of Belgium's Wout Van Aert during the third stage of the Tour de France from Vejle to Sonderborg, Denmark, on July 3, 2022. AP
    Stage winner Dylan Groenewegen, centre, sprints towards the finish line ahead of Belgium's Wout Van Aert during the third stage of the Tour de France from Vejle to Sonderborg, Denmark, on July 3, 2022. AP
  • Cycling - Tour de France - Stage 3 - Vejle to Sonderborg - Denmark - July 3, 2022 Team Bikeexchange-Jayco's Dylan Groenewegen celebrates winning stage 3 REUTERS / Annegret Hilse
    Cycling - Tour de France - Stage 3 - Vejle to Sonderborg - Denmark - July 3, 2022 Team Bikeexchange-Jayco's Dylan Groenewegen celebrates winning stage 3 REUTERS / Annegret Hilse
  • Netherlands' Dylan Groenewegen celebrates on the podium. AP
    Netherlands' Dylan Groenewegen celebrates on the podium. AP
  • Dylan Groenewegen celebrates his victory. AFP
    Dylan Groenewegen celebrates his victory. AFP
  • The peloton during Stage 3 of the Tour de France. Reuters
    The peloton during Stage 3 of the Tour de France. Reuters
  • The peloton during Stage 3 of the Tour de France - a 182km ride between Vejle and Sonderborg in Denmark. AFP
    The peloton during Stage 3 of the Tour de France - a 182km ride between Vejle and Sonderborg in Denmark. AFP
  • UAE Team Emirates' rider Tadej Pogacar speaks with teammate Marc Soler. AFP
    UAE Team Emirates' rider Tadej Pogacar speaks with teammate Marc Soler. AFP
  • The peloton during Stage 3. Reuters
    The peloton during Stage 3. Reuters
  • UAE Team Emirates rider Tadej Pogacar, second right, during Stage 3. AFP
    UAE Team Emirates rider Tadej Pogacar, second right, during Stage 3. AFP
  • Spectators cheer as the peloton passes during Stage 3. AFP
    Spectators cheer as the peloton passes during Stage 3. AFP
  • EF Education-Easypost team's Magnus Cort Nielsen during a breakaway on Stage 3. AFP
    EF Education-Easypost team's Magnus Cort Nielsen during a breakaway on Stage 3. AFP
  • The peloton during Stage 3. AFP
    The peloton during Stage 3. AFP
  • Spectators cheer from on top of a cherry picker adorned with a Danish flag. AFP
    Spectators cheer from on top of a cherry picker adorned with a Danish flag. AFP
  • The peloton in action during stage 3. Reuters
    The peloton in action during stage 3. Reuters
  • Magnus Cort Nielsen, wearing the best climber's dotted jersey, and UAE Team Emirates' Tadej Pogacar, wearing the best young rider's white jersey, before Stage 3. AP
    Magnus Cort Nielsen, wearing the best climber's dotted jersey, and UAE Team Emirates' Tadej Pogacar, wearing the best young rider's white jersey, before Stage 3. AP

Dylan Groenewegen completes crash comeback with Tour de France stage triumph


  • English
  • Arabic

A day after Fabio Jakobsen, it was the turn of Dylan Groenewegen to complete his own comeback from their horror crash two years ago as he won Stage 3 of the Tour de France in Sondeborg.

Groenewegen narrowly beat yellow jersey wearer Wout Van Aert, Jasper Philipsen and Peter Sagan as the 182km stage from Vejle – the last of this Danish Grand Depart – was decided by millimetres.

Groenewegen rode the wheels and came around first Sagan and then Van Aert to claim his fifth career Tour stage win and first since 2019.

For much of the last two years, Groenewegen has dealt with the aftermath of the high-speed crash at the Tour of Poland that left Saturday’s stage winner Jakobsen with life-threatening injuries.

Groenewegen shouldered much of the blame for an incident in which the design of the course was certainly culpable, facing death threats and being given a nine-month ban by world governing body the UCI.

The 29-year-old, who broke a collarbone in the crash, did not face anything like the physical recovery Jakobsen did but has spoken of the mental scars that were left behind, and there was an emotional reaction after this win.

“It was a long way [back],” the Bike Exchange-Jayco rider said. “I want to say thank you to my team and my family and friends for getting me back to the Tour in good shape. It’s beautiful.

“Not physically but mentally it’s been a hard time of course after all that happened. This is for my wife and my son, it means a lot.”

Groenewegen said he had been held up in a late crash that split the peloton on the approach to town, though he was in the right place when it mattered.

“Yesterday I was a little bit angry with myself but today, though I was a long time boxed in and involved in a crash with nine kilometres to go, my team brought me back into position and I stayed calm to the end,” he added.

That crash – in which Chris Froome hit the deck for a second day running – caught out a number of riders though the main favourites made it through.

Van Aert’s second place kept him in the yellow jersey, now with a seven-second advantage over Yves Lampaert thanks to more bonus seconds.

UAE Team Emirates' defending champion Tadej Pogacar remains third, 14 seconds down, and others moved up as the split caused by that crash took its toll.

Primoz Roglic is up to seventh, 23 seconds off yellow, with Ineos Grenadiers pair Adam Yates and Tom Pidcock now both inside the top 10.

Geraint Thomas is 12th, 32 seconds down, going into Monday’s transfer day as the race moves to France with a lumpy stage around Calais to come on Tuesday before the cobbles on Wednesday.

Many riders will be sorry to leave Denmark behind after some wonderful scenes as fans lined the roads over all three days.

The extent to which the Tour had embraced its host nation was apparent as a number of riders conducted pre-stage interviews dressed in Viking helmets on Sunday.

Local favourite Magnus Cort Nielsen then set off a lone breakaway to ensure he would retain the polka dot jersey, and the EF Education-EasyPost rider was able to enjoy the adulation of the crowds alone for 129km.

“The start in Denmark has been a pretty amazing experience,” Adam Yates said. “The crowd has been out in force and there’s not been many kilometres on the road where the crowd’s not been at least two deep.

“We’ve done a good job so far, it’s a rest day tomorrow and we’ll recover for what’s coming up.”

The biog

Age: 59

From: Giza Governorate, Egypt

Family: A daughter, two sons and wife

Favourite tree: Ghaf

Runner up favourite tree: Frankincense 

Favourite place on Sir Bani Yas Island: “I love all of Sir Bani Yas. Every spot of Sir Bani Yas, I love it.”

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if you go

The flights
Flydubai offers three daily direct flights to Sarajevo and, from June, a daily flight from Thessaloniki from Dubai. A return flight costs from Dhs1,905 including taxes.
The trip 
The Travel Scientists are the organisers of the Balkan Ride and several other rallies around the world. The 2018 running of this particular adventure will take place from August 3-11, once again starting in Sarajevo and ending a week later in Thessaloniki. If you’re driving your own vehicle, then entry start from €880 (Dhs 3,900) per person including all accommodation along the route. Contact the Travel Scientists if you wish to hire one of their vehicles. 

Company%20profile
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Company%20profile
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Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

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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.”

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

Results:

6.30pm: Maiden Dh 165,000 1,400m.
Winner: Walking Thunder, Connor Beasley (jockey), Ahmad bin Harmash (trainer).

7.05pm: Handicap (rated 72-87) Dh 165,000 1,600m.
Winner: Syncopation, George Buckell, Doug Watson.

7.40pm: Maiden Dh 165,000 1,400m.
Winner: Big Brown Bear, Pat Dobbs, Doug Watson.

8.15pm: Handicap (75-95) Dh 190,000 1,200m.
Winner: Stunned, Pat Dobbs, Doug Watson.

8.50pm: Handicap (85-105) Dh 210,000 2,000m.
Winner: New Trails, Connor Beasley, Ahmad bin Harmash.

9.25pm: Handicap (75-95) Dh 190,000 1,600m.
Winner: Pillar Of Society, Pat Dobbs, Doug Watson.

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

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Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
TOURNAMENT INFO

Women’s World Twenty20 Qualifier

Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November

UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi

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Updated: July 03, 2022, 4:58 PM