UAE Team Emirates riders ahead of the 2023 UAE Tour. Photo: UAE Team Emirates
UAE Team Emirates riders ahead of the 2023 UAE Tour. Photo: UAE Team Emirates
UAE Team Emirates riders ahead of the 2023 UAE Tour. Photo: UAE Team Emirates
UAE Team Emirates riders ahead of the 2023 UAE Tour. Photo: UAE Team Emirates

Adam Yates: Lucky and privileged to be leading UAE Team Emirates


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For the last few years, the UAE Tour has been the springboard for my season. Whether it be in victory or defeat, this event has always found a way of pushing me to the limit and squeezing every last ounce of performance out of myself and the bike.

In years gone by, I’ve had the unenviable task of having to take on Tadej Pogacar on the flats and in the UAE mountains, falling just short on a couple of occasions. I’m very happy and relieved to now be on the same team as Tadej.

I feel incredibly lucky and privileged to be leading our group into the 2023 UAE Tour. I once admired this team from a distance as a competitor, but to now be a part of the squad and see the quality of riders and support staff first-hand, I’m super stoked to get the wheels rolling on Monday, February 20, for Stage 1.

These past few weeks, I’ve been training at altitude in Spain and it’s been going really well. The sensations are good, I’m feeling fit and healthy, so I can’t wait to get started with the guys.

Of course, this year it’ll will be a different challenge not having to compete with Tadej on Jebel Jais and especially on Jebel Hafeet, but I know there will be plenty of other rivals who will arrive in good form and ready to do battle.

British rider Adam Yates is now a part of UAE Team Emirates. EPA
British rider Adam Yates is now a part of UAE Team Emirates. EPA

The vast number of high-quality cyclists and teams on the World Tour at the moment means we constantly have to perform to our absolute maximum to secure podiums and race wins. But as professionals, this is what we live for.

Being offered the chance to be a part of UAE Team Emirates was simply an opportunity I couldn’t pass up. Right from the start when talking to the management team, I had a really good feeling that this was the right move at this stage of my career. We had a great trip here to the UAE in October which was a perfect way to meet everybody and also to spend some time in the UAE.

Growing up, I knew I always wanted to be a professional cyclist, so to turn pro and then go on to have a successful career is all I ever dreamt of. Looking back, I’m really happy and proud of what I’ve achieved so far, but I still think I have a lot to offer. I’ve been pretty consistent year on year and see this as an opportunity to take myself to that next level and continue to challenge for podiums across Europe and around the world.

Our UAE Team Emirates group is arguably the most talented I’ve ever been involved in. It is littered with several younger riders with incredible futures in the sport. As an experienced Grand Tour rider, I hope that I’ll be able to pass on pieces of information from my experiences that will help our guys evolve into complete cyclists and realise their profound potential.

Back when I was starting out at Orica Greenedge, we had a lot of older riders who showed you the ropes. It was far more old school and you relied on their willingness to share their experiences through word of mouth. Now you take it for granted as we have a lot more information available to us then we did a decade ago, but I’ll still be looking to help our guys wherever I can.

Having said that, I’m only 30 and still feel young.

Looking ahead to the rest of the year, I have a couple of clear targets in mind. Of course, the UAE Tour is my primary focus right now and is an event I really enjoy and have enormous respect for. Following our stint in the UAE, the next big goal will be the Tour De France with Tadej.

Having been through the heartbreak last year of leading the event but not securing the victory, we will be on the charge to secure that victory for Tadej and the team. I will also be testing myself in some one-week races throughout the season.

Lastly, and most importantly, I want the UAE fans to know that we are all incredibly excited to be here. We’d love your support out on the roads and we’ll do our best to put on a show for you all.

  • UAE Team Emirates' Tadej Pogacar celebrates after winning the UAE Tour on Saturday, February 26, 2022. AFP
    UAE Team Emirates' Tadej Pogacar celebrates after winning the UAE Tour on Saturday, February 26, 2022. AFP
  • UAE Team Emirates' Slovenian cyclist Tadej Pogacar won the UAE Tour 2022 on Saturday. AFP
    UAE Team Emirates' Slovenian cyclist Tadej Pogacar won the UAE Tour 2022 on Saturday. AFP
  • UAE Team Emirates' Tadej Pogacar celebrates as he crosses the finish line to win the UAE Tour. AFP
    UAE Team Emirates' Tadej Pogacar celebrates as he crosses the finish line to win the UAE Tour. AFP
  • Tadej Pogacar celebrates after successfully defending his UAE Tour title. AFP
    Tadej Pogacar celebrates after successfully defending his UAE Tour title. AFP
  • Riders compete during stage seven of the UAE Tour from Al Jahili Fort to Jebel Hafeet. AFP
    Riders compete during stage seven of the UAE Tour from Al Jahili Fort to Jebel Hafeet. AFP
  • Riders compete during stage 7 of the UAE Tour. AFP
    Riders compete during stage 7 of the UAE Tour. AFP
  • Riders compete during stage 7 of the United Arab Emirates cycling tour, from Al Jahili Fort to Jebel Hafeet, on February 26, 2022. (Photo by Giuseppe CACACE / AFP)
    Riders compete during stage 7 of the United Arab Emirates cycling tour, from Al Jahili Fort to Jebel Hafeet, on February 26, 2022. (Photo by Giuseppe CACACE / AFP)
  • UAE Team Emirates' cyclist Tadej Pogacar, right, and Rafal Majka on Saturday. AFP
    UAE Team Emirates' cyclist Tadej Pogacar, right, and Rafal Majka on Saturday. AFP
  • Riders compete during stage seven of the UAE Tour. AFP
    Riders compete during stage seven of the UAE Tour. AFP
  • Riders during stage seven of the UAE Tour. AFP
    Riders during stage seven of the UAE Tour. AFP
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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EEric%20Barbier%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EYoussef%20Hajdi%2C%20Nadia%20Benzakour%2C%20Yasser%20Drief%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press 

'Of Love & War'
Lynsey Addario, Penguin Press

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.”

Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%3Cbr%3E%3C%2Fp%3E%0A
BEACH SOCCER WORLD CUP

Group A

Paraguay
Japan
Switzerland
USA

Group B

Uruguay
Mexico
Italy
Tahiti

Group C

Belarus
UAE
Senegal
Russia

Group D

Brazil
Oman
Portugal
Nigeria

The%20National%20selections
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Sun jukebox

Rufus Thomas, Bear Cat (The Answer to Hound Dog) (1953)

This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.

Elvis Presley, Mystery Train (1955)

The B-side of Presley’s final single for Sun bops with a drummer-less groove.

Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)

Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.

Carl Perkins, Blue Suede Shoes (1956)

Within a month of Sun’s February release Elvis had his version out on RCA.

Roy Orbison, Ooby Dooby (1956)

An essential piece of irreverent juvenilia from Orbison.

Jerry Lee Lewis, Great Balls of Fire (1957)

Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.

Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt

Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

Number of Employees: 18 employees, including full-time and flexible workers

Funding stage and size: Seed round completed Q4 2019 - $1m raised

Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels

Updated: July 04, 2023, 10:02 AM