Your guide to community and cultural activities across the Emirates for November 18, 2016, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun.
Abu Dhabi
Craft market
Visit upMarket, the pop-up boutique that showcases a wide range of products, including beach kaftans, summer sandals, clutches, swimwear, beach bags and homewares.
Today, 1-6pm, free entrance, Eastern Mangroves Promenade, Abu Dhabi, www.tinybeanevents.com
Abu Dhabi
Kids’ event
Attend the Abu Dhabi Science Festival and learn about the wondrous world of science in workshops, shows, exhibits and activities designed for specific age groups. Activities in Abu Dhabi include workshops such as Secrets of Space and Digital Playground. Al Ain events include Dig Up a Dinosaur and Body Builders.
Daily until November 26, 4-9pm on weekdays; 4-10pm on Thursdays; 2-10pm on Fridays; 2-9pm on Saturdays, Dh5 for adults; Dh10 for children 5 and older; free for ages 4 and younger, Umm Al Emarat Park, Abu Dhabi; Al Ain Zoo, Al Ain, www.abudhabisciencefestival.ae
Abu Dhabi
Organic market
Spend the day at Venetian Village and shop the one-day-only, pop-up Ripe Market, where you can find locally harvested organic produce, plus brows the offerings of talented artisan, crafters, jewellers and designers as well as fun live musics.
Today, 2pm to 9pm, Venetian Village, The Ritz Carlton Abu Dhabi, Grand Canal, Abu Dhabi, www.ripeme.com
Nationwide
New movie
Fantastic Beasts and Where to Find Them is based on the 2001 book of the same name by JK Rowling, who also wrote the film’s screenplay. A spin-off of the Harry Potter series, the film stars Eddie Redmayne as Newt Scamander, an employee at the Ministry of Magic, who travels around the world researching beasts to be included in a book he writes that eventually becomes part of Harry Potter’s required reading at Hogwart’s. Fantasy film, also starring Katherine Waterston, Johnny Depp, Gemma Chan, Ezra Miller, Colin Farrell and Zoe Kravitz.
Screening at cinemas across the UAE, including Star Cinemas, Cinemacity, Cine Royal Cinemas, Reel Cinemas, Vox Cinemas and Novo Cinemas. (PG-13)
Abu Dhabi
Festive market
Visit the annual Feline Friends Winter Festival, which aims to create awareness for support of the street cats of Abu Dhabi with a fun day out featuring more than 100 vendors selling art and handicrafts for Christmas and holiday shopping. There will also be entertainment from choirs and singing groups, raffles, food stalls, a children’s activity corner, and even a visit from Santa Claus. Plus, it will snow every 20 minutes.
Today, 1pm to 8pm, free entry, football ground at American International School of Abu Dhabi, Abu Dhabi, www.felinefriendsfestival.com
Dubai
Performances
Celebrate Ductac’s 10th anniversary this weekend with open sessions, live performances, a market, food and beverages and more. Today features free outdoor art workshops for adults and children, live performances, street art demonstrations and more. Tomorrow there are more open sessions, where you can visit the studios and take part in classes, plus find handmade goods at the market, and enjoy live performances and poetry, street art and more.
Today and tomorrow, noon-6pm, Ductac, Level 2, Mall of the Emirates, Dubai, 04 341 4777, www.ductac.org
Dubai
Motivational talk
Get tickets now to attend Night of Hope with Nick, a motivational speech with Australian speaker Nick Vujicic, who was born with phocomelia, a rare disorder characterised by the absence of arms and legs. Vujicic’s speech will inspire attendees to never give up and will give young people the courage and tools to overcome adversity.
Tonight, 7pm to 10pm, Dh150, The Dome, Dubai Sports City, Dubai, www.platinumlist.net
Dubai
Electronic dance music concert
Experience the electronic-music series Groove on the Grass featuring the theme Expanding Horizons and showcasing performers Mano Le Tough, Agoria, DJ Magda, DJ Hell and Matias Aguayo and Nastia along with art, fashion and food offerings.
Today, 5pm-3am, from Dh180, Emirates Golf Club, Dubai, www.grooveonthegrass.com
Dubai
Art exhibition
Plan to visit At 9:15am Sunday 28 May, 1967, an exhibition by Reza Aramesh that presents a sculptural exhibition that specifies the time and date of a particular event, but not the location, allowing the viewer to be part of the intimacy of the scene, searching to find the commonality of human suffering. Pictured: Action 186
Daily until January 4, 10am-7pm, Saturdays to Thursdays (closed Fridays), Leila Heller Gallery, I-87, Alserkal Avenue, Al Quoz, Dubai, 056 831 3520, www.leilahellergallery.com
Dubai
Film screening
See a special tribute screening of the 2015 drama Fataat El Masnaa (Factory Girl) in memory of the Egyptian filmmaker Mohamad Khan, who passed away earlier this year. Cinema Akil and Alserkal Avenue present the film, directed by Khan, as part of the Work in Progress series. The film is about Hayam (Yasmin Raeis), a poor young woman who works in a factory, whose new supervisor becomes attracted to her. Hayam sees a chance to move up in life, but there's a price to pay.
Tonight, 7pm, free, The Yard, Alserkal Avenue, Al Quoz, Dubai, www.cinemaakil.com
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
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Match info
Costa Rica 0
Serbia 1
Kolarov (56')
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
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
The Bloomberg Billionaire Index in full
1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion
The specs: 2017 Porsche 718 Cayman
Price, base / as tested Dh222,500 / Dh296,870
Engine 2.0L, flat four-cylinder
Transmission Seven-speed PDK
Power 300hp @ 6,500rpm
Torque 380hp @ 1,950rpm
Fuel economy, combined 6.9L / 100km
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Building boom turning to bust as Turkey's economy slows
Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.
Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.
The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.
After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.
The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.
The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.
But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.
It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Empty Words
By Mario Levrero
(Coffee House Press)
War 2
Director: Ayan Mukerji
Stars: Hrithik Roshan, NTR, Kiara Advani, Ashutosh Rana
Rating: 2/5
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Company profile
Company name: Suraasa
Started: 2018
Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker
Based: India, UAE and the UK
Industry: EdTech
Initial investment: More than $200,000 in seed funding
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.