Like many unofficial “holidays”, the origin of April Fools' Day is a mystery.
Every year on April 1, people pull pranks on friends and loved ones, often before midday (if you play a prank after that time, then you’re the fool). The tradition has been embraced all over the world and has increasingly become part of company marketing campaigns.
In 2015, The National's April Fools' “news story” about a government proposal to ban gas-guzzling 4x4s in the UAE even sparked a debate among the public about the merits of the plan.
Dubai airline Emirates issues elaborate April Fools' Day “announcements” every year. Last year, news that it was launching a cruise liner set to sail on April 1, 2024, grabbed headlines around the world.
But does anyone actually know why they’re doing it? The short answer is: no. Here are a few of the legends that surround the day’s beginnings.
A changing calendar
The story goes that when France changed from the Julian calendar to the Gregorian calendar with the 1564 Edict of Roussillon, thus moving the start of a new year from April to January 1, some people were slow to catch on.
Those who were still celebrating the spring equinox or Easter as the beginning of a fresh year were referred to as “April fools” or “poisson d’avril”, which means “fish of April”. To that end, one of the pranks played on these “fools” was to stick paper fish on their backs – or so the story goes.
Chaucer made it up
Another theory links back to Geoffrey Chaucer's 14th-century collection of The Canterbury Tales.
In the Nun's Priest Tale, the English poet and author tells the tale of foolish trickery between a fox and a rooster, and midway through the story he pauses to refer to the date.
He says the events happened on “32 March” or “Syn March bigan thritty dayes and two”, which was believed to mean April 1.
Most scholars have come to the conclusion, however, that this is a copy error and he actually wrote “Syn March was gon” and that the passage meant 32 days after March, and the tale is actually set on May 3.
Confusing, yes, but if he was referring to April Fool's Day this would definitely be the first mention of it on record.
Past examples of hilarity
Before the emergence of April Fools Day, there were festivals such as Hilaria, which is the Latin for “joyful”. This springtime celebration was marked in ancient Rome towards the end of March to honour Cybele, an Anatolian mother goddess.
One of the traditions of these festivities saw people dress up in disguise and make fun of others.
Does it matter where it comes from?
Wherever the tradition stems from, the idea spread throughout Britain in the 18th century, which is where it transformed into what we know it as today.
Over the years, countless elaborate jokes have been played at peoples' expense. One of the most famous examples occurred in 1957, when the BBC news show Panorama announced that the dreaded spaghetti weevil had virtually been eradicated and Swiss farmers were harvesting a huge amount of spaghetti crop. It showed accompanying footage of peasants pulling strands of spaghetti from trees.
People called in, asking how they could grow their own spaghetti tree, to which the BBC replied “placed a sprig of spaghetti in a tin of tomato sauce and hope for the best”. Apparently even the BBC's director-general later admitted he checked an encyclopaedia to find out if that's how the pasta actually grew.
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
The biog
Favourite book: Animal Farm by George Orwell
Favourite music: Classical
Hobbies: Reading and writing
Mohammed bin Zayed Majlis
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The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
U19 WORLD CUP, WEST INDIES
UAE group fixtures (all in St Kitts)
- Saturday 15 January: UAE beat Canada by 49 runs
- Thursday 20 January: v England
- Saturday 22 January: v Bangladesh
UAE squad:
Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
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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EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries