With a slightly cracked, eggshell-coloured hardcover, the Viaggio dell'Indie Orientali is unremarkable at first glance.
Sure, the book looks old with its yellowed pages and discoloured spine – and you can imagine a whiff of its smoky time-worn scent merely by looking at pictures of it – but, for the most part, the 16th century book by Venetian state jeweller Gasparo Balbi looks unexceptional.
That is, until you know what is in it and how much it is worth.
The Viaggio dell'Indie Orientali – published in 1590 – is the first record in print of place names along the coast of the Arabian Gulf.
It is also the first printed mention of the Bani Yas tribe, one of the largest and most important of the Arabian Peninsula, from which both the Al Nahyan and Al Maktoum dynasties – today’s ruling families of Abu Dhabi and Dubai – are descended.
The book was sourced and acquired by Peter Harrington Rare Books for a regional collector in 2017, who bought the title for a whopping $80,000 (Dh293,800).
The company specialises in finding seminal works about the region and caters to some of the most dedicated book experts from the Gulf.
‘Rare books are, by definition, hard to find’
Established in London in 1969 by Peter Harrington, the business is one of the leading rare booksellers in the world, with stock ranging from the 15th century to the modern day.
The company's current owner is Peter's son, Pom Harrington, who has been in the business since 1994 and took it over after his father died in 2003. He tells The National that it has sourced and sold several seminal literary works, including copies of each of the four 17th century folios of Shakespeare and the pocket diaries of Virginia Woolf that detail the last eight years of her life.
Peter Harrington has also compiled its newest catalogue on rare books and manuscripts from the Islamic and Arabic-speaking world, curated specifically for collectors from the Gulf.
The company is no stranger to regional tastes and demands. It has been coming to the Abu Dhabi International Book Fair since 2016 and took part in last year's Sharjah International Book Fair.
“This is the fifth catalogue we have created for this market,” says Harrington.
“The main challenge in putting together a catalogue is having enough high-quality rare books that would be interesting to this region. Rare books are, by definition, hard to find. We always look to bring something unique and interesting to the region, and it can take time to build a good selection of books and manuscripts.”
Works in the company's newest catalogue include a beautiful Quran from the Mughal period, set at £62,000 (Dh281,500); an inscribed first edition of Twenty Drawings, the only collection of Kahlil Gibran's drawings, set at £12,500; and an inscribed first edition of Seven Pillars of Wisdom by TE Lawrence, which includes a personal account of his role in the Arab Revolt, going for £85,000.
Harrington says a 13th-century Arabic translation of Aristotle's Book of Politics of Management of Leaders is one of the catalogue's most captivating works. Also known as The Secret of Secrets, it was translated by Abu Yahya Ibn Al Batriq, a Syrian scholar who lived between the years 796 and 806.
Works that document Makkah and Madinah or early city infrastructure continue to be very popular
“It is intriguing because it is so rare to have such an early text in Arabic as well as one with such extraordinary provenance that can be traced all the way through,” he says.
There are also several titles regional collectors consider essential to starting a strong collection, such as books by David Roberts, who toured the Middle East, the Levant and Egypt in the mid-19th century.
“We do bring these seminal works to the region each time we come out to meet new collectors,” Harrington says, pointing out there is a small, but very strong, book-collecting market in the Middle East.
"Those that do it, do it very seriously," he says. "We have seen a rise in recent years."
Most sought-after works by Middle East collectors
Harrington says there is great interest among regional collectors in books written about the Arabian Peninsula – particularly first-hand travel accounts from the 16th to the early 20th centuries.
Manuscripts and maps that document the development of the region in the early and mid-20th century are also highly sought after – these include maps on trade and shipping routes, and information on political developments and oil exploration.
“There is also a strong interest in early photography of the region. Works that document Makkah and Madinah or early city infrastructure continue to be very popular,” Harrington says. “Additionally, landmark economical, philosophical or literary works from the western canon are also sought after by Middle Eastern collectors.”
The Middle East accounts for almost 20 per cent of Peter Harrington’s international sales, across a mix of private collectors, and those building public collections, such as libraries.
“The UAE currently accounts for the largest share of our Middle East business, with collectors from all across the Gulf regularly contacting us to assist with curating, appraising and acquiring items for their collections,” Harrington says.
But it isn't all maps and Aristotle translations. The firm also helps those who want to build a collection of special-edition Game of Thrones or Harry Potter books.
“Once we’ve met a customer and understand and learnt what their interests and their collecting ambitions are, we work with them to source books that would appeal and enhance their collections,” Harrington says.
Setting a price and checking for forgeries
The rare books industry is long established, but as with any market, prices move and change. Harrington says price is influenced by “a variety of factors”, from age to desirability.
Naturally, the condition of the book is important – a title in fine condition with its original bindings and dust jacket can be worth significantly more than the same edition in a poor condition.
“That is why we tend to only focus on choosing the best examples of a rare book. Each book we buy is personally chosen by a member of our team, its provenance is researched and it is checked for authenticity and completeness, photographed and catalogued.”
The Peter Harrington team is made up of specialists with 25 to 30 years of experience in the business – many of them have come from other rare and antiquarian dealers and have dealt with thousands of books over the course of their careers. Experience is necessary to spot forgeries.
One should always be wary of books that only contain a signature with no further inscription unless it has a strong provenance
“Thankfully, in the antiquarian book trade, forgeries are relatively rare,” Harrington says.
He says that although it is hard to truly fake an old, rare book, there do tend to be forgeries when it comes to signatures, “which is why one should always be wary of books that only contain a signature with no further inscription unless it has a strong provenance”.
“Signatures are easier to fake but rare books less so,” he says.
For this reason, every book sold by the dealer is guaranteed to be authentic.
For a detailed look at the latest Peter Harrington catalogue, visit its website at www.peterharrington.co.uk
Company Profile:
Name: The Protein Bakeshop
Date of start: 2013
Founders: Rashi Chowdhary and Saad Umerani
Based: Dubai
Size, number of employees: 12
Funding/investors: $400,000 (2018)
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
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
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
AL%20BOOM
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'Shakuntala Devi'
Starring: Vidya Balan, Sanya Malhotra
Director: Anu Menon
Rating: Three out of five stars
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
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 CARD
2pm: Maiden Dh 60,000 (Dirt) 1,400m
2.30pm: Handicap Dh 76,000 (D) 1,400m
3pm: Handicap Dh 64,000 (D) 1,200m
3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m
4pm: Maiden Dh 60,000 (D) 1,000m
4.30pm: Handicap 64,000 (D) 1,950m
UAE rugby season
FIXTURES
West Asia Premiership
Dubai Hurricanes v Dubai Knights Eagles
Dubai Tigers v Bahrain
Jebel Ali Dragons v Abu Dhabi Harlequins
UAE Division 1
Dubai Sharks v Dubai Hurricanes II
Al Ain Amblers v Dubai Knights Eagles II
Dubai Tigers II v Abu Dhabi Saracens
Jebel Ali Dragons II v Abu Dhabi Harlequins II
Sharjah Wanderers v Dubai Exiles II
LAST SEASON
West Asia Premiership
Winners – Bahrain
Runners-up – Dubai Exiles
UAE Premiership
Winners – Abu Dhabi Harlequins
Runners-up – Jebel Ali Dragons
Dubai Rugby Sevens
Winners – Dubai Hurricanes
Runners-up – Abu Dhabi Harlequins
UAE Conference
Winners – Dubai Tigers
Runners-up – Al Ain Amblers
Director: Jon Favreau
Starring: Donald Glover, Seth Rogen, John Oliver
Rating: 2 out of 5 stars
Honeymoonish
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UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
The years Ramadan fell in May
MATCH INFO
Barcelona v Real Madrid, 11pm UAE
Match is on BeIN Sports
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Biography
Favourite Meal: Chicken Caesar salad
Hobbies: Travelling, going to the gym
Inspiration: Father, who was a captain in the UAE army
Favourite read: Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter
Favourite film: The Founder, about the establishment of McDonald's
Why seagrass matters
- Carbon sink: Seagrass sequesters carbon up to 35X faster than tropical rainforests
- Marine nursery: Crucial habitat for juvenile fish, crustations, and invertebrates
- Biodiversity: Support species like sea turtles, dugongs, and seabirds
- Coastal protection: Reduce erosion and improve water quality
RoboCop%3A%20Rogue%20City
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COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
MATCH INFO
Manchester United 1 (Greenwood 77')
Everton 1 (Lindelof 36' og)
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.