Record-breaking K-pop group BTS are reuniting for a concert on Saturday in South Korea's southern port city of Busan, which is bidding to host the World Expo 2030.
Titled BTS in Busan, the free concert is set to take place at 6pm local time (1pm in the UAE) and is expected draw about 100,000 fans to the Busan Asiad Main Stadium as well as designated areas in Busan, which is more than 300 kilometres south-east of capital Seoul.
The concert comes after the seven-piece band announced a break in June from group musical activities to pursue solo projects, raising questions about their future.
With BTS's oldest member, Jin, who is turning 30 next year, facing South Korea's mandatory military service, the country's defence minister said in August that BTS might still be able to perform overseas while serving in the military.
Under South Korean law, all able-bodied men are required to perform 18 to 21 months of military service. The law provides special exemptions for athletes, classical and traditional musicians, and ballet and other dancers who have won top prizes in certain competitions that enhance national prestige. Globally recognised K-pop stars were allowed to put off their service until 30.
Four countries, including South Korea, Italy, Ukraine and Saudi Arabia, have submitted competing candidatures to organise World Expo 2030, according to the organising body Bureau International des Expositions. The winning host country is expected to be elected next year.
While announcing his country's bid last year, Saudi Crown Prince Mohammed Bin Salman said the 2030 World Expo in Riyadh would coincide with the culmination of the kingdom’s Vision 2030, an initiative that aims to move the country away from oil and diversify its economy.
“We live in an era of change and we face an unprecedented need for humanity’s collective action. It is clear that the whole world, as a collective, needs to work together to foresee the future and address, with its brightest minds, the challenges and opportunities that emanate from this change," he said.
Expo 2030 will take place from October 1, 2030, to April 1, 2031. The theme proposed by Saudi Arabia is “The era of change: leading the planet to a foresighted tomorrow".
Dubai hosted Expo 2020 from October 2021 to March 2022, delayed by a year owing to the Covid-19 pandemic.
In July, BTS were named as the official ambassadors for the World Expo 2030 in Busan.
BTS made their debut in June 2013 and became a worldwide sensation with their upbeat hits and social campaigns aimed at empowering young people.
— Additional reporting by Reuters
Global state-owned investor ranking by size
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China
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Japan
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Norway
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Canada
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Singapore
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Australia
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South Korea
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EA Sports FC 24
Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
PAKISTAN v SRI LANKA
Twenty20 International series
Thu Oct 26, 1st T20I, Abu Dhabi
Fri Oct 27, 2nd T20I, Abu Dhabi
Sun Oct 29, 3rd T20I, Lahore
Tickets are available at www.q-tickets.com
SAUDI RESULTS
Team Team Pederson (-40), Team Kyriacou (-39), Team De Roey (-39), Team Mehmet (-37), Team Pace (-36), Team Dimmock (-33)
Individual E. Pederson (-14), S. Kyriacou (-12), A van Dam (-12), L. Galmes (-12), C. Hull (-9), E. Givens (-8),
G. Hall (-8), Ursula Wikstrom (-7), Johanna Gustavsson (-7)
EMILY%20IN%20PARIS%3A%20SEASON%203
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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
Monday's results
- UAE beat Bahrain by 51 runs
- Qatar beat Maldives by 44 runs
- Saudi Arabia beat Kuwait by seven wickets
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COMPANY PROFILE
Name: Mamo
Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua
Based: Dubai, UAE
Number of employees: 28
Sector: Financial services
Investment: $9.5m
Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors.
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5