The Kanye West docuseries will be directed by Clarence Simmons and Chike Ozah, who directed and produced the rapper's music videos 'Jesus Walks (Version 3)' and 'Through the Wire'. AP
The Kanye West docuseries will be directed by Clarence Simmons and Chike Ozah, who directed and produced the rapper's music videos 'Jesus Walks (Version 3)' and 'Through the Wire'. AP
The Kanye West docuseries will be directed by Clarence Simmons and Chike Ozah, who directed and produced the rapper's music videos 'Jesus Walks (Version 3)' and 'Through the Wire'. AP
The Kanye West docuseries will be directed by Clarence Simmons and Chike Ozah, who directed and produced the rapper's music videos 'Jesus Walks (Version 3)' and 'Through the Wire'. AP

Netflix buys Kanye West documentary series for a reported $30 million


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Netflix has acquired a documentary series based on the life of rapper Kanye West for a reported $30 million.

According to industry website Billboard, the multi-part series will chronicle West's life over the past 20 years, covering his career in music and fashion, his failed 2020 presidential bid, and the death of his mother, Donda West.

The series will be directed by Clarence Simmons and Chike Ozah, better known as Coodie & Chike, who directed and produced West's 2004 music videos Jesus Walks (Version 3) and Through the Wire. Simmons originally started filming West in the 1990s during his days in Chicago, and the film traces his relationship with the rapper throughout the years, according to Billboard.

Meanwhile a source told Variety magazine that the $30m price tag was inaccurate. Neither the filmmakers nor Netflix have commented on the terms of the acquisition.

West, whose debut album The College Dropout received critical and commercial acclaim in 2004, has become one of pop culture's most influential, and often divisive, figures. He also dabbles in fashion design with his Yeezy trainers and apparel line, a collaboration with adidas valued at at $3.2 billion to $4.7bn, said Bloomberg.

Forbes magazine declared the rapper a billionaire in April 2020, with West's personal net worth now estimated at $6.6bn, made up of his lucrative brand partnerships, his Yeezy business, stocks, shares and assets, and his music back catalogue.

The rapper has recently been in the news for his impending divorce from Kim Kardashian. The couple, famously dubbed Kimye, got married in 2014 and have four children. It's not clear whether the Netflix documentary will address the divorce.

The as-yet-untitled film is expected to be released later this year.

The low down on MPS

What is myofascial pain syndrome?

Myofascial pain syndrome refers to pain and inflammation in the body’s soft tissue. MPS is a chronic condition that affects the fascia (­connective tissue that covers the muscles, which develops knots, also known as trigger points).

What are trigger points?

Trigger points are irritable knots in the soft ­tissue that covers muscle tissue. Through injury or overuse, muscle fibres contract as a reactive and protective measure, creating tension in the form of hard and, palpable nodules. Overuse and ­sustained posture are the main culprits in developing ­trigger points.

What is myofascial or trigger-point release?

Releasing these nodules requires a hands-on technique that involves applying gentle ­sustained pressure to release muscular shortness and tightness. This eliminates restrictions in ­connective tissue in orderto restore motion and alleviate pain. ­Therapy balls have proven effective at causing enough commotion in the tissue, prompting the release of these hard knots.

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THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

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 specs

Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

Torque: 370Nm from 1,500-3,500rpm

Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

Price: from Dh94,900

On sale: now

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MATCH INFO

Uefa Champions League semi-final, first leg

Bayern Munich 1
Kimmich (27')

Real Madrid 2
Marcelo (43'), Asensio (56')

MATCH INFO

Europa League final

Marseille 0

Atletico Madrid 3
Greizmann (21', 49'), Gabi (89')

RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Raghida, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Maiden (PA) Dh80,000 1,600m
Winner: AF Alareeq, Connor Beasley, Ahmed Al Mehairbi
6pm: Arabian Triple Crown Round-2 Group 3 (PA) Dh300,000 2,200m 
Winner: Basmah, Fabrice Veron, Eric Lemartinel
6.30pm: Liwa Oasis Group 2 (PA) Dh300,000 1,400m
Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m
Winner: SS Jalmod, Richard Mullen, Satish Seemar
7.30pm: Handicap (TB) Dh100,000 1,600m
Winner: Trolius, Ryan Powell, Simon Crisford

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The biog

Born: Kuwait in 1986
Family: She is the youngest of seven siblings
Time in the UAE: 10 years
Hobbies: audiobooks and fitness: she works out every day, enjoying kickboxing and basketball

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors