• Artwork by Mahsa Javad Davachi, first place winner in the Modern Calligraphy category. All photos: Leslie Pableo for The National
    Artwork by Mahsa Javad Davachi, first place winner in the Modern Calligraphy category. All photos: Leslie Pableo for The National
  • 'Circumambulation' by artist Dhia Al-Jazaeri won second place in the Modern Calligraphy category.
    'Circumambulation' by artist Dhia Al-Jazaeri won second place in the Modern Calligraphy category.
  • Artist Babak Mohammed Ali Hejazi's work won third place in the Modern Caligraphy category.
    Artist Babak Mohammed Ali Hejazi's work won third place in the Modern Caligraphy category.
  • 'Dynamic of Motion' by artist Khalid Al Banna, featuring fabric, paint, glue and mixed media mounted on wood. The artist uses textiles to address how traditions change and are diluted over time in a rapidly evolving consumerist era.
    'Dynamic of Motion' by artist Khalid Al Banna, featuring fabric, paint, glue and mixed media mounted on wood. The artist uses textiles to address how traditions change and are diluted over time in a rapidly evolving consumerist era.
  • Winners of the Nabati Poetry category with Noura Al Kaabi, the UAE's Minister of Culture and Youth, at Al Burda Award ceremony at Expo 2020 Dubai.
    Winners of the Nabati Poetry category with Noura Al Kaabi, the UAE's Minister of Culture and Youth, at Al Burda Award ceremony at Expo 2020 Dubai.
  • Winners of Classic Poetry with Noura Al Kaabi. Al Burda Award has been given to 30 winners over six categories at this year’s Al Burda Festival.
    Winners of Classic Poetry with Noura Al Kaabi. Al Burda Award has been given to 30 winners over six categories at this year’s Al Burda Festival.
  • A visitor checks out an exhibition at Al Burda Festival at Expo 2020 Dubai.
    A visitor checks out an exhibition at Al Burda Festival at Expo 2020 Dubai.
  • Held at Expo 2020 Dubai, the biennial Al Burda Festival, which celebrates Islamic arts and culture, returns after being postponed last year owing to the pandemic.
    Held at Expo 2020 Dubai, the biennial Al Burda Festival, which celebrates Islamic arts and culture, returns after being postponed last year owing to the pandemic.
  • 'Message/Messenger' by artist Abdulnasser Gharem is an installation of wood and copper.
    'Message/Messenger' by artist Abdulnasser Gharem is an installation of wood and copper.
  • An orchestra performs at Al Burda Award ceremony on the opening night of Al Burda Festival.
    An orchestra performs at Al Burda Award ceremony on the opening night of Al Burda Festival.
  • Al Burda Festival also includes a diverse programming of art exhibitions, talks, masterclasses, screenings and live performances exploring the theme of Transcending Spaces, Discovering the World.
    Al Burda Festival also includes a diverse programming of art exhibitions, talks, masterclasses, screenings and live performances exploring the theme of Transcending Spaces, Discovering the World.
  • The three-day festival will also feature panel discussions by important figures in the regional art scene.
    The three-day festival will also feature panel discussions by important figures in the regional art scene.

Winners of biennial Al Burda Award announced at Expo 2020 Dubai


  • English
  • Arabic

The 16th Al Burda Award has been given to 30 winners over six categories at this year’s Al Burda Festival.

Held at Expo 2020 Dubai, the biennial festival, which celebrates Islamic arts and culture, returns after being postponed last year owing to the pandemic.

The winners – split into the categories of classical poetry, Nabati poetry, modern calligraphy, ornamentation and typography – will receive cash prizes starting from Dh10,000 and going up to Dh70,000. The talents were chosen from submissions through an open call held over the summer.

Noura Al Kaabi, the UAE's Minister of Culture and Youth, was present at the ceremony on Sunday evening to hand over the awards to the winners. Speaking of the award earlier this year, she said: “With the rapid developments taking place in the world, we must preserve the heritage embodied by the award and promote diversity in Islamic culture.

“We must develop this heritage and integrate it into the culture of the age, so that it is available for the younger generations to enrich their knowledge of the Islamic heritage."

Launched in 2004, Al Burda Award was created to commemorate the birth of the Prophet Mohammed and to function as a global platform for Islamic arts. Since its creation, the award has recognised 300 artists for their talents and work.

Taking place between Sunday and Tuesday at the Dubai Exhibition Centre, South Hall, in Expo 2020 Dubai, Al Burda Festival also includes a diverse programming of art exhibitions, talks, masterclasses, screenings and live performances exploring the theme of Transcending Spaces, Discovering the World.

Among the highlights of the festival is the inclusion of a work from Abu Dhabi Art’s Beyond: Artist Commissions this year, specifically an interactive installation by Rasheed Araeen, a pioneer of Minimalism.

Araeen’s work operates as a communal cafe constructed out of eight gazebos affixed in a square. Titled Shamiyaana, the installation draws inspiration from the concept of shamiyaanas, or marquees, found in the Indian subcontinent that are used as sites of gathering.

The festival will also feature panel discussions by important figures in the regional art scene, including Hala Khayat, Souraya Noujaim, Manal Ataya, Nujoom Alghanem and Isobel Abulhoul, to name a few.

The full list of Al Burda Award 2021 winners:

Classical Calligraphy

  • Mohamed Gaber Abouelella (first place)
  • Meryem Nuruzi Halilani (second place)
  • Noman Tayseer Rajab (third place)
  • Ahmed Ali Nazami Reihanloo (fourth place)
  • Mahfod Thunnun (fifth place)

Modern Calligraphy

  • Mahsa Javad Davachi (first place)
  • Dhia Al-Jazaeri (second place)
  • Babak Mohammed Ali Hejazi (third place)
  • Masoud Asghar Mohebbifar (fourth place)

Ornamentation

  • Mihirben Beyza Kaya (first place)
  • Masoumeh Ahmad Moradi (second place)
  • Afsaneh Khademreza Mahdavi (third place)
  • Asgar Ahmad Moradi (fourth place)
  • Zaynab Ebrahim Shahi (fifth place)

Classical Poetry

  • Heba Alfeky (first place)
  • Diyaa Alkilamy (second place)
  • Lamis Al Rahabi (third place)
  • Bahija Masri Idlibi (fourth place)

Nabati Poetry

  • Abdulaziz Hamed Mohammed Al-Omairi (first place)
  • Mohammed Hamdan Alanezah (second place)
  • Ali Alqarni (third place)
  • Muzna Rabia Albrieki (fourth place)

Typography

  • Duaa Abzeed
  • Tarek Samir Alsawwa
  • Jamal Eldin Elsamani Mohammed
  • Reza Babajani
  • Bita Amel
  • Lama Kadri
  • Fatima Abdulla Alketbi
  • Asia Alseshani

Al Burda Festival runs until Tuesday, December 21 at Expo 2020 Dubai. More information is at burda.ae

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Kamindu Mendis bio

Full name: Pasqual Handi Kamindu Dilanka Mendis

Born: September 30, 1998

Age: 20 years and 26 days

Nationality: Sri Lankan

Major teams Sri Lanka's Under 19 team

Batting style: Left-hander

Bowling style: Right-arm off-spin and slow left-arm orthodox (that's right!)

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Gender equality in the workplace still 200 years away

It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.

The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.

But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.

At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.

The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.

After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.

Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.

And the number of women in leadership roles has risen to 34 per cent globally, WEF said.

At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.

And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.

* Agence France Presse

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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COMPANY%20PROFILE
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ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
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 specs

Engine: 3.8-litre twin-turbo flat-six

Power: 650hp at 6,750rpm

Torque: 800Nm from 2,500-4,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 11.12L/100km

Price: From Dh796,600

On sale: now

The team

Videographer: Jear Velasquez 

Photography: Romeo Perez 

Fashion director: Sarah Maisey 

Make-up: Gulum Erzincan at Art Factory 

Models: Meti and Clinton at MMG 

Video assistant: Zanong Maget 

Social media: Fatima Al Mahmoud  

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

UAE currency: the story behind the money in your pockets

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

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RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

Updated: December 20, 2021, 5:41 AM