Abu Dhabi Investment Office added local cycling shop Wolfi's to its Innovation Programme, which supports high-growth companies, in a partnership that seeks to promote sustainable tourism in the UAE capital.
Under the partnership, Adio will provide Wolfi’s with financial and non-financial incentives to boost cycling access and participation at events, which will lead to environment-friendly ways for tourists to discover Abu Dhabi’s attractions, Adio said in a statement on Monday.
"Wolfi’s will significantly boost the regional and international cycling communities’ interest in Abu Dhabi, with its state-of-the-art offering of bicycles, e-bikes and equipment, as well as the unparalleled expertise and innovation of its team," said Mohamed Al Dhaheri, acting executive director of Business Enterprise at Adio.
"We are excited by the partnership’s multifaceted benefits, which include enabling exploration and encouraging a healthy lifestyle, while aligning with Abu Dhabi’s overall tourism and cycling vision.”
Adio, the government body responsible for attracting and promoting investment in Abu Dhabi, is opening up tourism investment opportunities in the emirate through its Innovation Programme. Adio’s Dh2 billion ($545 million) programme, which was launched in 2020, has so far awarded total incentives of Dh1bn to 37 high-growth firms.
Companies in the Innovation Programme, a part of Abu Dhabi’s Dh50bn Ghadan 21 initiative, operate in tech-focused industries. Thirteen information and communications technology sector companies, nine agriculture technology, eight health services and biopharma firms and seven financial services companies are part of the programme.
Wolfi’s, a long-standing player in the cycling community, is the first company within the tourism sector that Adio has added to the programme, in line with the emirate’s goal to attract investment to sustainable tourism.
Abu Dhabi is also seeking to become a global cycling destination by strengthening its cycling infrastructure.
With Adio's backing, Wolfi’s is developing showrooms across Abu Dhabi in four destinations – Hudayriyat, the new Reem Mall on Reem Island, Yas Marina Circuit and the Abu Dhabi Cycling Club’s new retail and track facilities in Al Ain – offering a range of bicycles to buy or rent near Abu Dhabi’s cycling destinations.
“Abu Dhabi is continuing its tourism push, as it seeks to diversify its economy towards high value-added areas," Mohamed Al Shorafa, chairman of the Abu Dhabi Department of Economic Development, said.
"Adio's Innovation Programme offers a boost to ambitious companies looking to participate in the vast opportunities within the emirate’s growing tourism industry by helping them leverage the emirate’s advantages as a destination."
Abu Dhabi is working with the private sector to create jobs, attract talent, develop infrastructure and diversify its economy from oil.
Wolfi’s will also develop “Made in Abu Dhabi” electronic bicycles suited to the local terrain, making it easier to explore the emirate’s cycling network, according to the statement.
The partnership marks a "vital milestone" for Wolfi's, the company said.
“With Adio coming on board as a partner, we will have an experienced government partner that will assist us in accelerating the roll-out of our strategic roadmap of promoting the cycling culture and tourism in the UAE capital, with a focus on community involvement, which we believe is an important part of the emirate's sustainable tourism initiatives," Wolfgang Hohmann, founder and chief executive of Wolfi’s, said.
Wolfi’s expansion to Abu Dhabi is expected to boost the local cycling community, Adio said.
About 1.2 million people have attended its weekly rides and online events.
The company will base its e-commerce and customer service support team in Abu Dhabi. It will also engage with schools to promote cycling education.
RoboCop%3A%20Rogue%20City
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How being social media savvy can improve your well being
Next time when procastinating online remember that you can save thousands on paying for a personal trainer and a gym membership simply by watching YouTube videos and keeping up with the latest health tips and trends.
As social media apps are becoming more and more consumed by health experts and nutritionists who are using it to awareness and encourage patients to engage in physical activity.
Elizabeth Watson, a personal trainer from Stay Fit gym in Abu Dhabi suggests that “individuals can use social media as a means of keeping fit, there are a lot of great exercises you can do and train from experts at home just by watching videos on YouTube”.
Norlyn Torrena, a clinical nutritionist from Burjeel Hospital advises her clients to be more technologically active “most of my clients are so engaged with their phones that I advise them to download applications that offer health related services”.
Torrena said that “most people believe that dieting and keeping fit is boring”.
However, by using social media apps keeping fit means that people are “modern and are kept up to date with the latest heath tips and trends”.
“It can be a guide to a healthy lifestyle and exercise if used in the correct way, so I really encourage my clients to download health applications” said Mrs Torrena.
People can also connect with each other and exchange “tips and notes, it’s extremely healthy and fun”.
Killing of Qassem Suleimani
UFC%20FIGHT%20NIGHT%3A%20SAUDI%20ARABIA%20RESULTS
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The%20specs
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WHAT IS A BLACK HOLE?
1. Black holes are objects whose gravity is so strong not even light can escape their pull
2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
BUNDESLIGA FIXTURES
Friday (UAE kick-off times)
Borussia Dortmund v Paderborn (11.30pm)
Saturday
Bayer Leverkusen v SC Freiburg (6.30pm)
Werder Bremen v Schalke (6.30pm)
Union Berlin v Borussia Monchengladbach (6.30pm)
Eintracht Frankfurt v Wolfsburg (6.30pm)
Fortuna Dusseldof v Bayern Munich (6.30pm)
RB Leipzig v Cologne (9.30pm)
Sunday
Augsburg v Hertha Berlin (6.30pm)
Hoffenheim v Mainz (9pm)
The specs
Engine: 3.0-litre flat-six twin-turbocharged
Transmission: eight-speed PDK automatic
Power: 445bhp
Torque: 530Nm
Price: Dh474,600
On Sale: Now
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
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WOMAN AND CHILD
Director: Saeed Roustaee
Starring: Parinaz Izadyar, Payman Maadi
Rating: 4/5
About Okadoc
Date started: Okadoc, 2018
Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
Size: (employees/revenue) 40 staff; undisclosed revenues recording “double-digit” monthly growth
Funding stage: Series B fundraising round to conclude in February
Investors: Undisclosed
Results
3pm: Maiden Dh165,000 (Dirt) 1,400m, Winner: Lancienegaboulevard, Adrie de Vries (jockey), Fawzi Nass (trainer).
3.35pm: Maiden Dh165,000 (Turf) 1,600m, Winner: Al Mukhtar Star, Adrie de Vries, Fawzi Nass.
4.10pm: Handicap Dh165,000 (D) 2,000m, Winner: Gundogdu, Xavier Ziani, Salem bin Ghadayer.
4.45pm: Handicap Dh185,000 (T) 1,200m, Winner: Speedy Move, Sean Kirrane, Satish Seemar.
5.20pm: Handicap Dh185,000 (D) 1,600m, Winner: Moqarrar, Dane O’Neill, Erwan Charpy.
5.55pm: Handicap Dh175,000 (T) 1,800m, Winner: Dolman, Richard Mullen, Satish Seemar.
Top financial tips for graduates
Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:
1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.
2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.
3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.
4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
