“To live will be an awfully big adventure,” wrote JM Barrie in Peter Pan, which was first performed in 1904.
The line, spoken by Peter Pan himself, has had many iterations over the years, and not only captures the essence of the story but emphasises the idea that life is meant to be experienced in all its facets as if it's an adventure.
This week’s Arabic word of the week, moughamara, which means adventure, is a word that has been a great theme across literature and films. From the idea of escapism and exploration to self-discovery and growth, moughamara has timeless and universal appeal.
Moughamara is a noun whose plural is moughamarat. The official definition of moughamara is “an exciting surprise and a fantastical happening full of potential risk”. The word originates from the verb ghaamara, derived from the four Arabic letters Ghah, Alif, Meem, Rah.
Ghaamara means someone who puts himself in situations of adventure when he or she finds himself in danger and stress. Someone who often does this is known as moughamir, a person willing to put themselves in risky situations and to deal with the consequences of those risks.
In this context, moughamarat doesn’t necessarily only pertain to a physical adventure, like travelling to unchartered territories or deciding to sky dive, but also mental and emotional ones too. Choosing to take a risk at work, with investment, or in a relationship – both platonic and romantic – are all also forms of moughamara.
It’s important to note that there is another word in Arabic that is sometimes used to refer to adventure: mujazafa. However, there is a clear distinction between the two.
Moughamara, while referring to an adventure, experience or activity that involves an element of risk, is often one that is discussed, intended and planned in order to achieve a specific goal. However, mujazafa is an adventure with no clear plan or direction.
There are several other words that also originate from the verb ghaamara that have meanings related to the concept of mughamara.
Ghumara is a verb which means to envelope something or someone. This can refer to both physical and emotional envelopment. For example, water overfilling a tank or the feeling of love enveloping a person.
There is also the word ghumour, which refers to the colour orange created specifically from the spice saffron. The colour is bold, powerful and encompasses the object it’s applied on.
In both these cases, the idea of moughamara as an event or experience that takes over one's life is reflected as an idea of anything that is all-consuming and enveloping.
More on Quran memorisation:
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Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
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
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Results:
5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly
6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel
6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani
7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel
7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel
All or Nothing
Amazon Prime
Four stars
Director: Shady Ali
Cast: Boumi Fouad , Mohamed Tharout and Hisham Ismael
Rating: 3/5