Microsoft’s $68 billion purchase of developer and publisher Activision Blizzard has sent shock waves through the entire video game industry. It’s a flex of financial muscle that’s so outlandish, that it’s almost unbelievable. But here we are, staring at the possibility of one of the highest-selling game franchises of all-time – Call of Duty – becoming an exclusive title for Xbox and PC.
A cynic would say this less-than-subtle approach from Microsoft is about gaining a monopoly over its rivals by simply purchasing the best game developers around. Whereas Sony has a track record of nurturing smaller studios and bringing them under the PlayStation umbrella at a later date – like they did with Marvel’s Spider-Man creators, Insomniac Games – Microsoft has opted for the quick fix that comes with a huge financial buyout. It also bought Minecraft developer Mojang ($2.5bn) in 2014 and Doom-makers Bethesda Softworks ($7.5bn) in 2021.
With so much money involved, it’s clear that Microsoft wants to position Xbox as either the only place to play these top games in the future, or the console where you can play them first. It also means the developers will now focus on the Xbox version of their games first, and rival consoles second – if at all – which almost guarantees the best experience will be on Microsoft machines.
It’s a savvy move and one that Microsoft will hope can sway more people to buy their console. Sony doesn’t have the financial clout to compete with them on this front, so don’t expect the PlayStation creators to make a similar acquisition any time soon.
But while it’s a gut punch to PlayStation owners, there are reasons to be optimistic.
Sony is on the verge of announcing its rival to the Xbox Game Pass, a monthly subscription service that gives access to hundreds of games for one price. As part of the rumoured three-tiered approach, with different price points, Sony will open up its diverse back-catalogue of games from the early 1990s PS One to now. There is also said to be an upgrade of PlayStation Now, Sony’s Netflix-style gaming service, on the horizon, which again will reach back in time to unearth its retro classics.
PlayStation is doubling down on its virtual reality, too. While Xbox is yet to venture into the realms of VR, Sony is set to launch PSVR 2 around the 2022 festive season. It promises to be a complete upgrade on the current tech, with much sharper visuals and immersive features that could potentially fulfil the promise of a complete VR experience that’s needed to push it into the mainstream.
It’s a fairly obvious point, but PlayStation has also been putting out the more ambitious first-party titles since the console war with Xbox began. It’s one of the main reasons why PS4 outstripped the Xbox One in terms of sales, and why PS5 is currently ahead of Xbox Series X, and, according to industry analysts Ampere, it’s currently outselling the latest Xbox at a ratio of two to one.
History of PlayStation consoles – in pictures:
There’s a glut of exclusive new games lined up for 2022 with God of War Ragnorok, Horizon Forbidden West and Gran Turismo 7 all scheduled to launch on PS5 in the next 12 months.
To circle back on a point above, it’s unlikely that Microsoft will withhold games such as Call of Duty from PlayStation consoles. There’s too much money to be left on the table for Microsoft to pull such a move – especially in the short term. Releasing first on Xbox is the most likely scenario, with other consoles set to wait a few months before getting their hands on it.
However, this now opens the door for Sony to create their own all-conquering first-person shooter in a genre that has stagnated of late. The lack of innovation in Call of Duty has seen fans turned off by the game, and if there’s a genuine alternative that offers something new, PlayStation might be on to a winner.
The only real danger to Sony is if Microsoft suddenly decides to purchase every big-selling developer over the next decade or simply buy Sony and PlayStation too. If you can’t beat them, join them, right?
Sholto Byrnes on Myanmar politics
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The National selections
Al Ain
5pm: Bolereau
5.30pm: Rich And Famous
6pm: Duc De Faust
6.30pm: Al Thoura
7pm: AF Arrab
7.30pm: Al Jazi
8pm: Futoon
Jebel Ali
1.45pm: AF Kal Noor
2.15pm: Galaxy Road
2.45pm: Dark Thunder
3.15pm: Inverleigh
3.45pm: Bawaasil
4.15pm: Initial
4.45pm: Tafaakhor
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
About Takalam
Date started: early 2020
Founders: Khawla Hammad and Inas Abu Shashieh
Based: Abu Dhabi
Sector: HealthTech and wellness
Number of staff: 4
Funding to date: Bootstrapped
German intelligence warnings
- 2002: "Hezbollah supporters feared becoming a target of security services because of the effects of [9/11] ... discussions on Hezbollah policy moved from mosques into smaller circles in private homes." Supporters in Germany: 800
- 2013: "Financial and logistical support from Germany for Hezbollah in Lebanon supports the armed struggle against Israel ... Hezbollah supporters in Germany hold back from actions that would gain publicity." Supporters in Germany: 950
- 2023: "It must be reckoned with that Hezbollah will continue to plan terrorist actions outside the Middle East against Israel or Israeli interests." Supporters in Germany: 1,250
Source: Federal Office for the Protection of the Constitution
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THE SPECS
Engine: 1.6-litre turbo
Transmission: six-speed automatic
Power: 165hp
Torque: 240Nm
Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)
On sale: Now
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5