• British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
    British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
  • British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
    British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
  • British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
    British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
  • British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
    British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
  • British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National
    British artist Robbie Williams performs at du arena in Abu Dhabi on April 25, 2015. Christopher Pike / The National

A few bizarre twists along the way as Robbie Williams rocks du Arena in Abu Dhabi


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The last visit Robbie Williams made to the UAE before his concert on Saturday night has gone down in folklore.

In April 2006 the then-superstar performed to more than 16,000 people at Dubai’s former Nad Al Sheba Racecourse. Years before Yas Island even existed, this was biggest, and most successful pop concert the region had ever seen. A once-in-a-lifetime gig for long-term residents, it united folk, whether they were fans or not. Many were, of course – Robbie arrived back then off the back of seven hit albums in less than a decade.

As he took to the du Arena stage almost exactly nine years later, much has changed for Robbie.

That mammoth Close Encounters tour turned out to be his last for seven years. Washed-up, he rejoined Take That for a short (doubtless lucrative) spell, before striking out in a slightly sad, cabaret-style direction. He was 32 then, and 41 today.

It’s easy to describe a Robbie Williams gig with only words beginning with the letter P – Saturday’s show was a preposterous pastiche, a pantomime of polished pop. Williams himself a pathologically possessed prizefighter.

Ask anyone about Williams, and one of the first words likely to come up is "ego". Reports that he'd checked that in back at the clinic some years ago didn't prove entirely accurate. There were buckets of narcissism on display – but then anyone would need a fair portion of self-love to think they could don a jumpsuit and pull off Queen's Bohemian Rhapsody, one of the most bizarre moments in a really quite bizarre show.

This was the Let Me Entertain You tour, and it seems that few stops weren't pulled out – or depths of parody that were not probed (more p-words) – to get the designated audience reaction. Namely, Robbie Love.

Those stops included a wardrobe in such bad taste that I refuse to believe he was serious. The devil horns Williams wore for the opener – you guessed it, Let Me Entertain You – were thankfully ditched by the opening chords of Rock DJ, but the black waistcoat (no shirt), chains and glaring tattoos were later accompanied by what we can only describe as a skirt. There was also a shiny, silver thing he donned for the questionable space-reggae of Tripping (reminder Robbie – you are not David Bowie).

Anyone who questions the cabaret comparison need only consider the setlist, which included at least 10 covers – from Cab Calloway to Led Zeppelin to Lorde. A few covers are cool, Robbie, and I got what you were doing with the whole Rat Pack spectacular, tongue-in-cheek Swing When You're Winning thing – but just fleshing out the middle of your set with songs by people more famous than you? Well, isn't that just kind of ... sad?

For the record, Williams does a far better George Michael (Freedom 90) than he does Robert Plant (Whole Lotta Love) or Bono (I Still Haven't Found What I'm Looking For).

Between all this knowing tomfoolery, much time was set aside for – yes – Robbie Love. We’re talking extended a cappella breakdowns. We’re talking posturing – Robbie flexing his muscles and gurning at the rows of adoring, middle-aged women. We’re talking long, egocentric introductions (“my name is Robbie Peter Williams, and I was born on February 13 1974” he told us, at least twice). He also told us, several times and seemingly with surprise, that it was hot.

As a result, mid-set Williams stripped off his white gloves and tails and necked a quick coffee. “I’m going to have an espresso,” he quipped, “because I like espresso” – a knowing wink to his former coffee addiction that reportedly saw him drinking 36 double espressos a day.

Soon after, I blinked when William's dad was suddenly shuffled out – wearing a bow tie and tux – to duet on Better Man. Presumably Peter the former publican is being trotted round the world with his son, all for this nightly indulgence.

It would be easy to be won over by the theatrics, and many were. The eight-piece band – plus four feisty backing singers/dancers – were, of course, phenomenal musicians, and the visuals and production were of a high calibre. The title of the tour rang true – this was pure theatre, entertainment through and through.

After closing the main set with Feel and Millennium, the evening ended, inevitably, with Angels, a song so iconic it delayed most people from splitting for the taxi queue. Proving he's still got the chords, Williams rounded off daringly with an a cappella verse of She's the One, before returning to a solo Angels.

It wasn’t quite Glastonbury in 1998, but Williams tugged tirelessly at all the appropriate heartstrings.

rgarratt@thenational.ae

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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Results

Stage three:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-43

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Tom Dumoulin (NED) Jumbo-Visma, at 14s

4. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

5. Joao Almeida (POR) UAE-Team Emirates, at 22s

6. Mikkel Bjerg (DEN) UAE-Team Emirates, at 24s

General Classification:

1. Stefan Bissegger (SUI) EF Education-EasyPost, in 9-13-02

2. Filippo Ganna (ITA) Ineos Grenadiers, at 7s

3. Jasper Philipsen (BEL) Alpecin Fenix, at 12s

4. Tom Dumoulin (NED) Jumbo-Visma, at 14s

5. Tadej Pogacar (SLO) UAE-Team Emirates, at 18s

6. Joao Almeida (POR) UAE-Team Emirates, at 22s

How to donate

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

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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

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The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

How Tesla’s price correction has hit fund managers

Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.

It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.

The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.

Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.

Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.

He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.

AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”

A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.

Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.

Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.

Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.

By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.

Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.

In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”

Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.

She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.

Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.

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Most match wins on clay

Guillermo Vilas - 659

Manuel Orantes - 501

Thomas Muster - 422

Rafael Nadal - 399 *

Jose Higueras - 378

Eddie Dibbs - 370

Ilie Nastase - 338

Carlos Moya - 337

Ivan Lendl - 329

Andres Gomez - 322

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.