• E-scooter trials were first introduced in five areas of Dubai in October 2020. Antonie Robertson / The National
    E-scooter trials were first introduced in five areas of Dubai in October 2020. Antonie Robertson / The National
  • In early 2022, a Federal Traffic Council committee said it would look into e-scooter misuse and accidents. Photo: Dubai Media Office
    In early 2022, a Federal Traffic Council committee said it would look into e-scooter misuse and accidents. Photo: Dubai Media Office
  • Those without a full driving licence must apply for a free e-scooter permit and pass an online test. Photo: Dubai Media Office
    Those without a full driving licence must apply for a free e-scooter permit and pass an online test. Photo: Dubai Media Office
  • As many as 2,000 e-scooters will be available in specific Dubai neighbourhoods. Antonie Robertson / The National
    As many as 2,000 e-scooters will be available in specific Dubai neighbourhoods. Antonie Robertson / The National
  • Dedicated bicycle and e-scooter paths have been built across Dubai. Photo: Dubai Media Office
    Dedicated bicycle and e-scooter paths have been built across Dubai. Photo: Dubai Media Office

Dubai Police seize nearly 9,000 e-scooters and bicycles in six months under new rules


Salam Al Amir
  • English
  • Arabic

Dubai Police seized 8,786 bicycles and electric bikes in the first six months of the year under new rules that were introduced in March last year to improve safety.

The regulations state that anyone riding an e-scooter or any other type of electric bike must have a driving licence permit issued by the Roads and Transport Authority. Riders younger than 16 are also not permitted to operate an electric bike, e-scooter or any other type of bike specified by the RTA.

More than 4,000 vehicles were also confiscated after their drivers violated traffic laws and made unauthorised modifications to their engines, leading to increased speed, noise, and danger on the roads.

Failure to adhere to the laws and regulations surrounding bikes can lead to their confiscation for 30 days in cases of repeat violations within a year of the first violation and bans on riding the bike for specific periods.

Failure to pay a fine will also lead to the confiscation of a bike.

The resolution also reiterated existing rules governing the use of bicycles, which cannot be used on roads where the speed limit is 60kph or more.

Cyclists should not ride on jogging or walking tracks and reckless practices that can endanger safety, such as hooking to a vehicle while biking, are prohibited.

Reflective vests and helmets are a must for cyclists and bikers and carrying passengers on bicycles and electric bikes is not permitted unless the bikes have separate seats for them.

The resolution states that cyclists under 12 should be accompanied by an adult cyclist who is 18 or older.

In March, Dubai Police carried out an awareness campaign across the city to highlight breaches of e-scooter rider and cyclist rules, including failing to wear helmets and travelling against the flow of traffic.

The bike and vehicle seizure figures were announced during a meeting chaired by Maj Gen Abdullah Al Marri, Commander in Chief of Dubai Police, to assess the force’s general traffic department's performance during the second quarter of the year.

During the meeting, Maj Gen Al Marri emphasised the strategic goal of reducing accident rates and the death index per 100,000 population.

ARGENTINA SQUAD

Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

At a glance

Fixtures All matches start at 9.30am, at ICC Academy, Dubai. Admission is free

Thursday UAE v Ireland; Saturday UAE v Ireland; Jan 21 UAE v Scotland; Jan 23 UAE v Scotland

UAE squad Rohan Mustafa (c), Ashfaq Ahmed, Ghulam Shabber, Rameez Shahzad, Mohammed Boota, Mohammed Usman, Adnan Mufti, Shaiman Anwar, Ahmed Raza, Imran Haider, Qadeer Ahmed, Mohammed Naveed, Amir Hayat, Zahoor Khan

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

Company profile

Name: Thndr

Started: October 2020

Founders: Ahmad Hammouda and Seif Amr

Based: Cairo, Egypt

Sector: FinTech

Initial investment: pre-seed of $800,000

Funding stage: series A; $20 million

Investors: Tiger Global, Beco Capital, Prosus Ventures, Y Combinator, Global Ventures, Abdul Latif Jameel, Endure Capital, 4DX Ventures, Plus VC,  Rabacap and MSA Capital

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204-cylinder%202.0L%20TSI%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%20Dual%20clutch%207-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20320HP%20%2F%20235kW%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20400Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20%2449%2C709%20%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
MATCH INFO

Rugby World Cup (all times UAE)

Third-place play-off: New Zealand v Wales, Friday, 1pm

Keep it fun and engaging

Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.

“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.

His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.

He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.

Updated: August 15, 2023, 10:37 AM