A still from 'The French Dispatch' by Wes Anderson. Searchlight Pictures
A still from 'The French Dispatch' by Wes Anderson. Searchlight Pictures
A still from 'The French Dispatch' by Wes Anderson. Searchlight Pictures
A still from 'The French Dispatch' by Wes Anderson. Searchlight Pictures

Wes Anderson's 'The French Dispatch' to compete for Palme d'Or at Cannes


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The latest film by US director Wes Anderson, The French Dispatch, will premiere at this year's Cannes film festival in the official competition, organisers said on Friday.

The film's star-studded cast includes Bill Murray, Tilda Swinton, Timothee Chalamet, Adrien Brody, Benicio del Toro and Saoirse Ronan, as well as French actors Lea Seydoux and Mathieu Amalric.

The film, initially planned to screen at Cannes in 2020 before the festival was cancelled because of Covid-19, "will have its world preview premiere in the Cannes competition", the festival tweeted.

It follows events at the French foreign news bureau of a Kansas newspaper set in a fictitious 20th-century French city.

Two other films have already been confirmed for the official selection which groups movies competing for the Palme d'Or, one of global cinema's top awards.

One is Annette, a musical film scheduled to open the festival, by Frenchman Leos Carax starring Marion Cotillard and Adam Driver and with 1970s pop duo Sparks contributing the score and, in collaboration with Carax, the screenplay.

The other is Benedetta by Dutchman Paul Verhoeven, famous for Basic Instinct. The full line-up of the official competition will be announced on Thursday.

At the last Cannes festival in 2019 the Palme d'Or went to South Korean film Parasite by Bong Joon-ho.

The festival, the world's biggest film gathering usually held in May, was this year postponed by nearly two months because of Covid-19 restrictions and is now scheduled for Tuesday, July 6 to Saturday, July 17.

US director Spike Lee will head up the main jury.

Hotel Data Cloud profile

Date started: June 2016
Founders: Gregor Amon and Kevin Czok
Based: Dubai
Sector: Travel Tech
Size: 10 employees
Funding: $350,000 (Dh1.3 million)
Investors: five angel investors (undisclosed except for Amar Shubar)

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Uefa Champions League quarter-final second leg:

Juventus 1 Ajax 2

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Fighting with My Family

Director: Stephen Merchant 

Stars: Dwayne Johnson, Nick Frost, Lena Headey, Florence Pugh, Thomas Whilley, Tori Ellen Ross, Jack Lowden, Olivia Bernstone, Elroy Powell        

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Profile

Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

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

UAE currency: the story behind the money in your pockets
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Banton 53 no

Northern Warriors 46 all out (9 ovs)

Kumara 3-10, Garton 3-10, Jordan 2-2, Prasanna 2-7

Qalandars win by six wickets

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Engine: naturally aspirated 6.5-liter V12

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LA LIGA FIXTURES

Thursday (All UAE kick-off times)

Sevilla v Real Betis (midnight)

Friday

Granada v Real Betis (9.30pm)

Valencia v Levante (midnight)

Saturday

Espanyol v Alaves (4pm)

Celta Vigo v Villarreal (7pm)

Leganes v Real Valladolid (9.30pm)

Mallorca v Barcelona (midnight)

Sunday

Atletic Bilbao v Atletico Madrid (4pm)

Real Madrid v Eibar (9.30pm)

Real Sociedad v Osasuna (midnight)

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Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
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Motori Profile

Date started: March 2020

Co-founder/CEO: Ahmed Eissa

Based: UAE, Abu Dhabi

Sector: Insurance Sector

Size: 50 full-time employees (Inside and Outside UAE)

Stage: Seed stage and seeking Series A round of financing 

Investors: Safe City Group

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Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

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