Not so long ago in the UAE, cycling was thought of as the sport that only expatriates did. But nowadays, more and more Emiratis are getting into the saddle, too – and discovering their inner passion for two wheels as well as four.
As more cycling tracks open, Emirati cycling groups are forming on Instagram to bring together both beginners and those with a serious passion for pedalling.
One local cycling pro is Abdulrahman Al Hosani, the first Emirati to qualify for one of the toughest triathlon races in the world – the Ironman 70.3 World Championship. “When I go cycling on Al Wathba track and Yas Marina Circuit in Abu Dhabi, I see that a lot of other locals are now starting to cycle,” he says. “If you compare the cycling scene with three or four years ago, it’s totally different.”
Al Hosani, a 31-year-old aircraft engineer, first got into cycling when he was 25 as a way to keep fit after a bout of injuries forced him to give up playing football.
“As a child, I never would have imagined myself in a cycling race – I’ve really surprised myself,” he says. “Our bodies can do such amazing things; we just need to motivate ourselves.”
Another keen Emirati cyclist, Mohamed Al Kaabi, 38, started cycling last year as a way to put himself on the right track after giving up smoking. “I used to smoke a lot, then since I stopped I’ve spent most of my time cycling,” he says. “I consider it to be one of the safest and most joyful sports. I started twice a week as a hobby, but then I realised how much I love it, so now I cycle every day.”
Al Kaabi, who is a safety officer, formed the Instagram group Rabdan Cycling Team earlier this year, naming it after Sheikh Zayed’s old horse Rabdan. The 10 core members of his group, who meet at least four times a week, are all Emirati men in their 30s, several of whom work in the air force and the police.
“We’ve registered our group with the Abu Dhabi Council, so we’re the first official cycling group in Abu Dhabi,” says Al Kaabi proudly. “When we go riding together at weekends, we have 20 to 30 people joining us. Some are new to cycling, and we teach them how to control the bicycle. Other nationalities join us too, male and female. Most foreigners have more experience at cycling than us, so it’s good for us to learn from them. We have people joining us now from the United Kingdom, the United States and Belgium, and we ride together all over the Emirates.”
Al Kaabi says members of his group are starting to participate in races, as individuals and in teams.
“The last race I did I came 11th out of 99, and I was happy with that,” he says.
There’s a social aspect to being part of a cycling group, too. Recently, after cycling 100 kilometres in Liwa (with just a short break at a roadside coffee shop), the Rabdan team camped out for two nights in the desert.
Al Kaabi says he feels it’s safe for his group to cycle on the roads outside of the cities, because they start at 6am when few cars are about. They also have a car containing safety equipment and tools trailing them. “If anyone feels they can’t continue, they can go in the car,” he says. But in Abu Dhabi city, the group only cycles on designated cycling tracks. “There’s a new one, Reem Cycle on Reem Island, that’s opening soon,” Al Kaabi says. “In Al Ain, two new routes for cycling are opening [this month], and our group has been invited to try them out. One is a mountain-biking track in Wadi Adventure, and the other is a roadside track. With all the new tracks opening up, I think no matter where you live in the UAE, there are places you can cycle.”
Cycling is also taking off among Emirati women. The ladies’ night at Yas Marina Circuit on Wednesdays is becoming a popular spot for female Emirati cyclists, according to Sawsan Jumah, who runs ladies’ cycling group Emirates Evolutions. “The ladies feel more free to remove their hijabs there,” she explains. Having developed a taste for cycling on holiday in the UK, 30-year-old Jumah decided to take her hobby to the next level and formed the cycling group in Abu Dhabi four months ago.
She set up her own real estate investment company earlier this year called Emirates Evolutions, and decided to give her cycling group the same name.
“I chose this name because both my company and my hobby are about getting out of your comfort zone and evolving,” says Jumah. “Starting a new business isn’t easy, and cycling is my stress relief. After a long day at work, I feel free as a bird when I cycle.”
The first ladies-only Emirati cycling group, UAECyclingGirls, was formed last year by Roudha Al Awadhi and Asma Al Janahi, who say the weekly Saturday cycling trips are now busier than ever.
“Cycling is definitely gaining momentum,” says Al Awadhi, adding that most of their newer members are university students. “I think this is because the younger generation of Emirati girls are more free to pursue their own interests,” she says.
Al Awadhi feels that the more places there are to cycle, the more popular the sport will become. “Year on year we’re seeing more cycling tracks being created, like the one by the new Dubai canal, which is a great destination to explore on a bike.”
Jumah believes that one day Emiratis like herself will be cycling to work, too. “But not until we have the right tracks in place – and only in the winter,” she adds.
“Most of us locals live out of town. If we have tracks built that enable us to cycle into the cities, I’m sure many Emiratis would cycle to work.”
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The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
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Results:
First Test: New Zealand 30 British & Irish Lions 15
Second Test: New Zealand 21 British & Irish Lions 24
Third Test: New Zealand 15 British & Irish Lions 15
Analysis
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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.”
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