• Baubles, Dh 40, Courtesy of Zara Home
    Baubles, Dh 40, Courtesy of Zara Home
  • Courtesy of Zara Home
    Courtesy of Zara Home
  • Courtesy of Zara Home
    Courtesy of Zara Home
  • Courtesy Gentleman’s Valet Company
    Courtesy Gentleman’s Valet Company

Snow Princess or artisan: Which kind of Christmas decorator are you?


  • English
  • Arabic

There’s no reason why your home should look like your neighbour’s this festive season. With so many fantastic decoration trends around, you’re guaranteed to find one to suit your personality.

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The Snow Princess

Create a winter wonderland that will put you in the festive spirit regardless of the weather outside. For you, ­Christmas is all about the gleaming snow, shimmering icicles and frosty air, so you will be using this as your inspiration for a delicate yet luxurious festive display.

Colour palette: Cool shades of silver, blue and white are needed here to create the feel of the frozen north, but mix chalky and reflective surfaces to create interest.

Key motifs: Icicles, snowflakes and stars, all covered in lots of glitter, diamonds and sparkle, for maximum effect. Whatever decorations you choose, make sure you have lots of them to create an indulgent, opulent feel.

Must-haves: Use plenty of twinkling fairy lights, spray frosting on the windows and attach delicate lametta on your tree, plus add touches of sumptuous fur to keep things cosy.

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The Traditionalist

If there’s one thing you love, it’s ­Christmas. While other people are still working out what they’re going to dress up as for Halloween, you’re counting down the days until you can break out your baubles and hang up several kilometres of tinsel.

Colour palette: Red, green and gold is the classic Christmas trio, and for a good reason – it's warm and inviting, suitably cheerful and has just the right amount of celebratory grandeur. To stop things becoming a bit samey, mix variations of the same colour – for example, deep berry red with bright apple and soft rose.

Key motifs: Christmas trees, reindeer, holly, stars, baubles and bows. It's the old-fashioned Christmas classics that will make this look so timeless and special.

Must-haves: The Christmas tree is the focal point, smothered with baubles, tinsel and an angel or star on top. A wreath for your front door and garlands of holly and berries up the stairs will complete the traditional look.

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The Artisan

Forget mass-produced – your home is filled with high-quality, handmade products bought from markets and independent boutiques. And that goes for your Christmas decorations, too. Yours is a “less-is-more” approach that allows the calibre of each item to speak for itself.

Colour palette: A subdued collection of wintry pastels and subdued earth tones gives this look a rich, multilayered feel that invites you to look closer, with plenty of mixed metallics adding texture, light and understated festive sparkle.

Key motifs: This isn't a look that screams Christmas, so forget singing Santas and grinning snowmen. Instead, stick to simplistic shapes such as stars and baubles. Add contemporary graphic prints and super-trendy typography, from free-standing letters to screen-printed cushions.

Must-haves: The tree is a great place to show off special heirloom decorations, from laser-cut wooden discs to handblown glass baubles. Elsewhere, oversized sculptural decoration are a winner – think free-standing wire reindeer or a wall-mounted carved driftwood star.

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The Bright Spark

You’re not a big one for tradition, and Christmas decor is no exception – this is a time to share your personality and flair, as well as the festive spirit. People will either love or hate your frankly quite kitsch decorative display, but either way it will certainly get them ­talking.

Colour palette: The brighter the better, particularly anything tropical, neon or electric. Strong blocks of hot pink, sky blue, tangerine and lime will all add the required vibrancy to this look, while a monochrome base will stop things getting too hectic.

Key motifs: Pineapples and flamingos, geometric shapes, brightly wrapped sweets – anything goes, and the quirkier the better. There's no need to avoid classic motifs such as Christmas trees and baubles, but just be sure they're vividly coloured.

Must-haves: Everyone needs festive lights, but to fit with your bright spark theme, choose a big, bold neon sign for your wall — a cheery "Merry ­Christmas", perhaps, or how about a flashing star? As for the tree, it needs to be artificial and any colour but green.

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The Crafter

You will be making most of your ­Christmas presents this year, won’t you? As a creative type, the festive season is the perfect excuse to get out your yarn or sewing machine and whizz up a few nifty decorations – or buy ones lovingly made by fellow crafters.

Colour palette: There's no set palette for this look, though it's safe to say there will be some tastefully mixed palettes thanks to plenty of patterned fabrics. Avoid anything too garish, though, and instead stick to warm, inviting shades.

Key motifs: Ribbons, buttons, bobbins and other craft paraphernalia will give your Christmas look a homespun feel, with gingham and floral fabrics a must.

Must-haves: Making your own wreath is a great way to show off your talents, whether you use ribbons and bows, fluffy pom-poms or felt flowers. Salt-dough tree decorations, strings of threaded popcorn and paper chains are all great options, too – and you don't need to have that much talent to make them.

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The Gothic Queen

Who said Christmas has to be a jolly, colourful affair? If you prefer your festivities to be a bit more grown-up and glamorous, an ornate monochrome look is ideal, combining a limited palette with plenty of opulent detailing.

Colour palette: Use rich, inky shades ranging from deep amethyst and indigo to jet black, with a few cool neutrals and metallic touches thrown in to create a sense of balance.

Key motifs: You will need plenty of lacework and embellishments to add texture and interest to this look, plus jewels, roses, ravens and even skulls can work – just don't go overboard, or else it will feel like Halloween instead of Christmas.

Must-haves: Flickering candles will add atmosphere to your festive display and can be grouped to form a dramatic display, while swaths of velvety fabric make a great alternative to tinsel and foliage garlands.

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The Big Kid

If Willy Wonka did Christmas, this is what it would look like. You have never forgotten the childlike magic of the holiday season, and you love recreating the best bits of your childhood every year, combining tradition and fantasy in equal measure.

Colour palette: Bright pastels and ­candy shades from bubblegum pink to lemon-drop yellow and minty green will delight the inner child in anyone who sees this display.

Key motifs: There are so many fun choices to explore with this look – stockings, sweets canes, snowmen, pom-poms, Santa Claus. If you're stuck for ideas, just ask your nearest 4-year-old what's their favourite thing about Christmas.

Must-haves: Children love toys, so don't hold back on the festive teddies, snowman decorations, Christmas angels and the like. Pile brightly wrapped presents under the tree and make sure the family's stockings take pride of place in your display.

homes@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
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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.

Company%C2%A0profile
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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

The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
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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KINGDOM%20OF%20THE%20PLANET%20OF%20THE%20APES
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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.

The BIO:

He became the first Emirati to climb Mount Everest in 2011, from the south section in Nepal

He ascended Mount Everest the next year from the more treacherous north Tibetan side

By 2015, he had completed the Explorers Grand Slam

Last year, he conquered K2, the world’s second-highest mountain located on the Pakistan-Chinese border

He carries dried camel meat, dried dates and a wheat mixture for the final summit push

His new goal is to climb 14 peaks that are more than 8,000 metres above sea level

AIDA%20RETURNS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EAida%20Abboud%2C%20Carol%20Mansour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203.5.%2F5%3C%2Fp%3E%0A

Normal People

Sally Rooney, Faber & Faber
 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”