The show will go on for Dubai’s Coca-Cola Arena.Many high-profile concerts were cancelled last year because of the pandemic, but the venue’s new general manager, Mark Jan Kar, reveals that some of the nixed gigs are back on the cards – one of which is heavy metal titans Iron Maiden.
“That show was rescheduled and then we had to change it again because of their new world tour,” he tells The National. “So, yes, we are very close to securing them for a new date in 2022.”
Another big act set to return sometime next year is former One Direction member Louis Tomlinson, who also had his solo debut Middle East concert cancelled because of the pandemic.
Jan Kar says the shows form part of a – hopefully – busy 2022 for the global concert industry. “When it comes to the big picture, I feel confident in saying that we will start to see big names returning in the second half of 2022 as part of world tours,” he says.
“At the moment, we are seeking out opportunities in 2021 and the first part of 2022 for acts to perform in the arena, but not as part of a world tour.”
A reflection of Dubai
On that score, the Arena is doing an impressive job.
Ever since announcing its return with a stand-up comedy show by the UK’s Paul Chowdhry last November, the City Walk venue has steadily built a diverse programme including a Christmas Day Egyptian pop concert featuring Mohamed Hamaki, an EDM show with Norwegian-British DJ Alan Walker in January and two performances by Pakistani musician Rahat Fateh Ali Khan in July.
The future looks even more eclectic with shows by Egyptian singer-songwriter Hamza Namira, US comic Wayne Brady and Russian rockers Mumiy Troll in September, followed by 16 back-to-back classical music concerts as part of the InClassica series.
What differentiates the Arena from other international venues, Jan Kar says, is how it plays an active role in promoting Dubai.
“We work together with promoters in that we look at the Dubai calendar and the different activities and festive periods, from the Dubai Shopping Festival and Dubai Summer Surprises to Eid weekends, and find ways to drive benefit to the city,” he says.
He points to the Mumiy Troll concert next Saturday, September 4, as an example of that synergy.
“The Russian demographic is important when it comes to Dubai’s tourism market and we worked with promoters to find the right act that ticks the boxes,” he says.
“The interesting thing about that show is that all the marketing and promotion is done in Russia across many cities, with the message that one of your biggest rock bands is playing in Dubai.”
Supporting act to Expo 2020 Dubai
For Expo 2020 Dubai, running from Friday, October 1 to Thursday, March 31, 2022, Jan Kar says the venue is also in the mix.
“I believe there is a responsibility across the entertainment industry here to support Dubai’s vision for the Expo,” he says. “So there have been open conversations and an understanding of the Expo’s event calendar to ensure that we are not competing and that we appreciate the completely different experience that Expo is offering.
“What we are doing with the Expo, or the angle that we are taking, is working with certain country pavilions, such as the Russian pavilion for example, or event promoters who see an opportunity to leverage a country’s pavilion or the people from that particular country in this city.”
And with the Arena being multipurpose, in that its size can be manipulated to accommodate audiences as intimate as 1,500 people to a capacity of 17,000, no show is too big or small to consider.
It is a message bringing a measure of relief to US comic Brady, who is set to perform next Friday.
“We are educating talent and talent managers on what we mean by being multipurpose,” Jan Kar says.
“Brady is a great example in that he said: ‘hey, I am normally confident but I don’t think I am going to sell 17,000 tickets’. But for his show, we actually designed it for 2,000 people through our stage set-up, acoustic system and other features to make it work for the artist and their management.”
A slick operation
While those features are major inducements, what acts really look for in these times is a guarantee of safety for themselves and their crew, as well as the audience.
As the Coca-Cola Arena is one of the relatively small number of major international venues operating, Jan Kar says the industry has been following its progress with interest.
“We have been operating under capacity restrictions for a while now, so health and safety has become second nature to us,” he says. “We had to increase our staff, invest in additional equipment and we grew to become quite a slick operation when it comes to those procedures.”
That satisfaction, however, is tinged with sorrow for a once-thriving industry decimated by the pandemic.
“While we are all knowledge sharing, it is also, at the same breath, very difficult to be positive and talk about positive things,” Jan Kar says. “Other markets are completely depressed and our colleagues in Asia and Australia are wondering if they have a job next week.
“So, it is a case for all of us to find that balance and ultimately move forward.”
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
LIKELY TEAMS
South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.
India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.
Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes
Apple product price list
iPad Pro
11" - $799 (64GB)
12.9" - $999 (64GB)
MacBook Air
$1,199
Mac Mini
$799
Company%C2%A0profile
%3Cp%3ECompany%3A%20Zywa%3Cbr%3EStarted%3A%202021%3Cbr%3EFounders%3A%20Nuha%20Hashem%20and%20Alok%20Kumar%3Cbr%3EBased%3A%20UAE%3Cbr%3EIndustry%3A%20FinTech%3Cbr%3EFunding%20size%3A%20%243m%3Cbr%3ECompany%20valuation%3A%20%2430m%3C%2Fp%3E%0A
More from Neighbourhood Watch:
BRIEF SCORES
England 228-7, 50 overs
N Sciver 51; J Goswami 3-23
India 219, 48.4 overs
P Raut 86, H Kaur 51; A Shrubsole 6-46
England won by nine runs
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