Actress Nicole Kidman waves as she walks on the Croisette on the eve of the opening of the 67th Cannes Film Festival in Cannes. Reuters
Actress Nicole Kidman waves as she walks on the Croisette on the eve of the opening of the 67th Cannes Film Festival in Cannes. Reuters
Actress Nicole Kidman waves as she walks on the Croisette on the eve of the opening of the 67th Cannes Film Festival in Cannes. Reuters
Actress Nicole Kidman waves as she walks on the Croisette on the eve of the opening of the 67th Cannes Film Festival in Cannes. Reuters

Grace of Monaco serves up controversy on Cannes opening


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It has been savaged as 'shameful' before it even comes out, but the filmmakers behind Grace of Monaco are hoping to put all that behind them Wednesday when the movie kicks off the Cannes Film Festival.

Hollywood superstar Nicole Kidman and French director Olivier Dahan are just some of the big names due to tread the red carpet as their film gets its world premiere at the start of the 12-day film fest in the glamorous Riviera resort. The film is also opening in the UAE on Thursday.

Ryan Gosling, David Cronenberg, Sophia Loren and jury head Jane Campion are also set to make an appearance during the 67th Cannes Film Festival, where directorial big guns will go head-to-head in a year of comebacks, swansongs and star debuts.

Dahan's Grace of Monaco has been embroiled in not one but two rows as the princely children of the late actress-turned-princess and powerful US distributor Harvey Weinstein blast the director's version of the film.

Rather than illustrate her life as whole, the movie focuses on a period of high tensions between the tiny state on a rock and France in 1962 that prompted the princess to turn down an offer by Alfred Hitchcock to return to her beloved acting.

Prince Albert II and his sisters Caroline and Stephanie insist that the film, which also features the British actor Tim Roth as Prince Rainier, does not accurately portray events involving their mother.

The Grimaldis have publicly disavowed a film they say “has been misappropriated for purely commercial purposes”.

"This film should never have existed," Stephanie of Monaco told local daily Nice Matin.

Dahan retorted that the princely family had not seen the film and was basing its allegations purely on the trailer.

“They want to control their image, defend their family and at the same time it’s business,” he told the same daily.

Jeffrey Robinson, the author of a biography on Grace who met her and read the script, also savaged the film in an interview with Nice Matin.

“The authors of the screenplay don’t know anything, did not capture her personality, did not meet her at the time. It’s shameful and they’re not honouring her.”

As if this was not enough, the Frenchman has been locked in a long-standing tussle with Weinstein, the film’s distributor in the United States.

Both have been at loggerheads over the final version of the movie - the release has been delayed several times - with Dahan accusing Weinstein of wanting a new, breezier edit he has described as “catastrophic.”

Dahan and Kidman will no doubt address the controversy at a media briefing on Wednesday afternoon, before walking up the 24 steps to the festival palace under the eager gaze of curious onlookers and the world’s photographers.

The event is due to kick off with an opening ceremony hosted by French actor Lambert Wilson, after which 18 films will compete for the coveted Palme d’Or prize during the extravaganza, which wraps up May 15.

The festival will see Canadian heartthrob Gosling showcase his directorial debut Lost River. Films by the 25-year-old whizz kid Xavier Dolan, veteran director Jean-Luc Godard and Men in Black actor Tommy Lee Jones will also compete.

On the sidelines of the competitions, muscle men Sylvester Stallone, Harrison Ford and Arnold Schwarzenegger will take a trip to the resort on board a tank to promote their film The Expendables 3.

And to seal off this year's festivities, US Cannes-lover Quentin Tarantino will go back in time and showcase A Fistful of Dollars at the closing ceremony, in a glitzy celebration of the 50th anniversary of spaghetti westerns.

artslife@thenational.ae

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Yahya Al Ghassani's bio

Date of birth: April 18, 1998

Playing position: Winger

Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

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The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

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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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