Adrian Hayes flanked by his teammates Devon McMiarmid, left, and Derek Crowe. The team hopes to reach its destination by Saturday or Sunday.
Adrian Hayes flanked by his teammates Devon McMiarmid, left, and Derek Crowe. The team hopes to reach its destination by Saturday or Sunday.

Greenland expedition team ready for last push



He is so close to the end that he can almost taste the chocolate milk shake that he craves. But with more than 4,000km down and only 90km to go, Adrian Hayes knows that he and his two teammates must stay focused - not least because Greenland's beautiful, but frequently treacherous terrain has one final test in store for them.

When they set out on May 20, Hayes, a Dubai-based Briton, and the Canadians Devon McDiarmid and Derek Crowe estimated that their journey from the south to the north of Greenland - using the power of the wind to kite-ski and haul 150kg sledges along a route never previously attempted - could take anything from 40 to 65 days. Now, because of variable winds that have often robbed them of the rapid mobility of their kites, and left them plodding instead of skiing across the ice cap, it is clear that the upper estimate was the best one - and then some.

They began rationing on day 49 and it has paid off; they have just enough food and plenty of fuel essential for turning ice into water - for the final few days. Day 64 began yesterday without a breath of wind, but Hayes was stoical. They had enjoyed a breeze on Tuesday, but no wind is forecast for the next few days. "We had a last hurrah, fanfares blaring, yesterday, and did as much as we could," he said, speaking by satellite telephone as the team prepared for the day's march.

"I'm getting text messages saying 'We're just waiting for the big news, we can't wait', but it's going to take us a while yet." Unforeseen disasters notwithstanding, they will make it. "Right now, whatever happens, we will manage to haul, crawl or tow to the finish, so I think we'll be OK," said Hayes, 46, strapping his feet to ward off blisters on the march ahead. They had just finished breakfast: "Just for a change we've had a hot cereal, which we've had every day for 65 days." He had, he said, "quite liked" the diet of freeze-dried food, but that "nice chocolate milkshake" was looming ever larger in his thoughts.

They have not quite earned it yet: "I hate to make predictions on when it's going to be. If we've got no wind we've got three days of walking to get to the moraine, and probably a day descending that, so it looks like four more days. I think we're looking at Saturday. It's not all over yet." Without any wind to propel them - they are hoping that the proximity of the coast will whip up a local blow out of nowhere - the team face three days slogging it out on foot.

Then they face the beginning of the last major hurdle. Between them and the finishing line at the small town of Qaanaaq on Greenland's north-west coast lies the moraine - a stretch of glacier-strewn rocks and rubble. The moraine will test both men and equipment. "There are a few options to get into Qaanaaq," said Hayes. "It's on a little peninsula and we're heading for a fjord. We have to head down a spur of the glacier and then come to a fairly steep rock slope. It's not too far, about 10km, but quite steep and we've got to get our kit down.

"We've got to haul our sledges over all these rocks and boulders - they are going to be pretty trashed by the time we get down this thing." Now, at their weakest point, is when the men must summon maximum concentration. The moraine will also test weary muscles, as Hayes discovered on a previous expedition, at the other end of the world. "When we get in the rocks it is going to be interesting as we found out when we went to the South Pole," he said.

"We skied and pulled sledges for two months, really physical activity, but we got to the US Air Force base and climbed the steps and could manage only about five before we collapsed. "You are fit for what you've been doing and we're going to be suddenly descending rocks, something completely different on your legs after two months." So far, the toughest and most dangerous terrain encountered on the Greenland trip was the descent of the glacier to the Arctic coast at the JP Kocks Fjord, which they reached on July 4, a day that Hayes described on his blog as "undoubtedly the most tricky and dangerous day of our expedition by far".

The three men spent a night falling and wading through glacial meltwater. At one point Hayes almost lost a ski under the ice. Later, wet through and freezing cold, they emerged into "one jumbled horizontal crevasse-ridden mess". Yet arriving at the most northerly point of their journey was also its highlight. "It was one of the most awesome places I've ever been - a frozen paradise, absolutely beautiful, canyons, frozen water, just a totally untouched paradise," said Hayes.

"So few people have ever seen that sight - we think probably fewer than five people in history, and that makes it pretty special." After two months on the go, Hayes has still not had enough of the spectacular landscape, which at this time of year is bathed in sunlight 24 hours a day. "There are conflicting emotions at the end," he said. "To me, there's a little bit of sadness; you're coming off the icecap, it's been home. When you get there it all suddenly becomes too much, you've got people all around you and there's emotional overload."

Although the men are in a hurry to finish, they are making the most of their last few days in the wilderness. "The light, the difference between the night and day, although it is always light, is pretty spectacular, with the clouds, limitless visibility. There's not much to see - the white icecap and the blue sky - but it's quite awesome, to be honest. "Colours, trees and greenery and buildings is all going to be a bit of a shock".

But the "real" world is already intruding. There is only one flight out of Qaanaaq every week "and we took the chance of booking that for Monday. That gives us a deadline to get there by Sunday." If they miss that, the next flight is fully booked and they face a wait of two weeks before they can go home. "A day would be nice to chill out and have a shower and a bit of food, but we don't want to spend too long there, obviously. Certainly not two weeks," said Hayes.

From Qaanaaq, the team will fly via the Greenland capital, Nuuk, where they will spend the night, to Denmark, where they will be reunited with members of their support team in Copenhagen. After a few days, they will each go their separate ways. But Hayes is already planning his next expedition, which will begin soon after he arrives in the UK. "It's a hike across the New Forest, in shorts and polo shirt, with no polar clothing and no sledge."

jgornall@thenational.ae

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

MATCH INFO

Manchester United v Manchester City, Wednesday, 11pm (UAE)

Match is on BeIN Sports

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Company%20Profile
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

The Transfiguration

Director: Michael O’Shea

Starring: Eric Ruffin, Chloe Levine

Three stars

The biog

Favourite food: Tabbouleh, greek salad and sushi

Favourite TV show: That 70s Show

Favourite animal: Ferrets, they are smart, sensitive, playful and loving

Favourite holiday destination: Seychelles, my resolution for 2020 is to visit as many spiritual retreats and animal shelters across the world as I can

Name of first pet: Eddy, a Persian cat that showed up at our home

Favourite dog breed: I love them all - if I had to pick Yorkshire terrier for small dogs and St Bernard's for big

'Ghostbusters: From Beyond'

Director: Jason Reitman

Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace

Rating: 2/5

MATCH INFO

France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')

The 24-man squad:

Goalkeepers: Thibaut Courtois (Chelsea), Simon Mignolet (Liverpool), Koen Casteels (VfL Wolfsburg).

Defenders: Toby Alderweireld (Tottenham), Thomas Meunier (Paris Saint-Germain), Thomas Vermaelen (Barcelona), Jan Vertonghen (Tottenham), Dedryck Boyata (Celtic), Vincent Kompany (Manchester City).

Midfielders: Marouane Fellaini (Manchester United), Axel Witsel (Tianjin Quanjian), Kevin De Bruyne (Manchester City), Eden Hazard (Chelsea), Nacer Chadli (West Bromwich Albion), Leander Dendoncker (Anderlecht), Thorgan Hazard (Borussia Moenchengladbach), Youri Tielemans (Monaco), Mousa Dembele (Tottenham Hotspur).

Forwards: Michy Batshuayi (Chelsea/Dortmund), Yannick Carrasco (Dalian Yifang), Adnan Januzaj (Real Sociedad), Romelu Lukaku (Manchester United), Dries Mertens (Napoli).

Standby player: Laurent Ciman (Los Angeles FC).

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

MATCH INFO

World Cup qualifier

Thailand 2 (Dangda 26', Panya 51')

UAE 1 (Mabkhout 45 2')

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Our family matters legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5


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