A great actor stole our hearts, a brilliant composer was born and a legendary architect passed away – here are some interesting things that happened on this day in history.
The Eiffel Tower opened
Year: 1889
The open-lattice wrought-iron framework of the Eiffel Tower may have been greeted with skepticism at first, but since its opening on March 31, 1889, the building has become known as an architectural marvel.
It all came about when the French government announced a design competition for a monument to be built in honour of the centenary of the French Revolution. The Centennial Committee chose Gustave Eiffel's submission, which promised the world's tallest man-made structure, one that would rise almost 1,000 feet (304 metres) above Paris.
Eiffel was a noted bridge builder, who had also designed the framework for the Statue of Liberty, which had been erected in New York Harbour three years earlier.
Paris’s tower retained its record for a total of 41 years, until the Chrysler Building was finished in New York in 1930.
Jimi Hendrix burned his guitar
Year: 1967
Many classic rock fans will remember the moment Jimi Hendrix set fire to his guitar at the Monterey Pop Festival in June 1967, as it was immortalised on film. But the Purple Haze musician had actually done it before, on March 31 that same year, in Finsbury Park, London.
The story goes that while Hendrix was waiting to go on stage, he and Jimi Hendrix Experience manager Chas Chandler had a chat with rock journalist Keith Altham, who mentioned it would be cool if they played with fire while playing the song Fire. The pair decided to go one better and burn the instrument instead.
Hendrix is now known for many things – his musical genius, epic guitar skills and for dying at the mere age of 27 – but what became a ritual act of destruction is what made him really stand out in a very, very busy crowd.
In 2012, the black Fender Stratocaster it is believed Hendrix set fire to in California that year sold at auction for more than £200,000 (Dh909,285).
Toni Morrison won a major award
Year: 1988
"It will destroy one family's dream of safety and freedom; it will haunt an entire community for generations and, as related by Ms Morrison, it will reverberate in the readers' minds long after they have finished this book." That was how Michiko Kakutani summed up one event described in American writer Toni Morrison's novel Beloved in her review for The New York Times.
Morrison's work about a former slave in post-Civil War Ohio was awarded the Pulitzer Prize for fiction on March 31, 1988. Before that, it had controversially been overlooked by the National Book Award, a move that saw 48 black writers, including Maya Angelou, write an open letter protesting the fact that Morrison had never won that award, nor a Pulitzer.
The Pulitzer board, however, insisted at the time this letter had no bearing on its decision. Secretary Robert Christopher said: “I think there was some feeling that it would be unfortunate if anyone diluted the value of Toni Morrison’s achievement by suggesting that her prize rested on anything but merit.”
Indeed, Morrison went on to receive a number of prestigious awards, including the Nobel Prize in Literature 1993 and the Presidential Medal of Freedom, which was presented to her in 2012 by then president Barack Obama.
Morrison died on August 5 last year.
Heath Ledger captured teenage hearts
Year: 1999
Although Australian actor Heath Ledger had been on screens since 1992, it's when the world saw him as the cheeky, rebellious Patrick Verona in 10 Things I Hate About You, which came out on March 31,.seven years later, that he captured our hearts and minds. This modernisation of Shakespeare's The Taming of the Shrew, starring Ledger and Julia Stiles, the film was and still is one of the most beloved teen rom-coms from the 1990s.
It tells the story of Kat Stratford (Stiles), a tempestuous teenager who isn’t interested in much other than getting into Sarah Lawrence College and fleeing the family home. Her younger sister, Bianca, however, is dying to date class beau Joey Donner (Andrew Keegan) – and their father comes up with a rule that she can date when Kat does.
Bianca hatches a plan to make sure that happens – and, naturally, it all goes wrong (at least at first).
Ledger went on to star in another 15 movies before he died in 2008 aged 28. This includes The Dark Knight, for which he posthumously won an Oscar for Best Performance by an Actor in a Supporting Role.
Bach was born
Year: 1685
Hailing from north Germany, Johann Sebastian Bach was and still is one of the most famous composers of the Baroque period. He's best known for compositions such as the Brandenburg Concertos and the Mass in B Minor.
He was born on March 31, 1685 in Eisenach into a large lineage of musicians. By the time he was 10, he was an orphan, being looked after by his eldest brother, Johann Christoph. It is he who gave Bach his first keyboard lessons, having learnt himself under the tutelage of composer Johann Pachelbel.
By 1703, Bach had been employed as a member of an orchestra by Johann Ernst, duke of Weimar, before he became the organist at Neue Kirche in Arnstadt. He was only 18 years old by this point.
He became a prolific and much-valued organist, but his keyboard music was also treasured. He kept working on his music, composing and releasing new pieces, throughout his life until he died of complications after eye surgery in Leipzig at the age of 65.
A legendary architect passed away
Year: 2016
Dame Zaha Mohammad Hadid had many accolades under her belt. The British-Iraqi architect, who has been described as “the queen of the curve”, was the first woman to receive the Pritzker Architecture Prize in 2004. She was the recipient of the UK’s most prestigious architectural award, the Stirling Prize, in 2010 and 2011. In 2012, Queen Elizabeth II made her a Dame for her services to architecture. And, in 2016, the month before she died, she became the first woman to be awarded the Royal Gold Medal from the Royal Institute of British Architects.
Hadid’s company designed some of the most recognisable buildings of our modern skylines. This includes the award-winning London Aquatics Centre in London, England; the Guangzhou Opera House; Florida’s One Thousand Museum; and even Abu Dhabi’s Sheikh Zayed Bridge, among many, many more.
She was born in 1950 in Baghdad, Iraq and went on to study mathematics at the American University of Beirut before heading to London in 1972 to learn at the Architectural Association School of Architecture.
She quickly earned a reputation for her radical designs and started out by teaching, before going on to build her own firm.
She died on March 31, 2016 of a heart attack in Miami, Florida.
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
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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
When Umm Kulthum performed in Abu Dhabi
Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.
Company%C2%A0profile
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THE BIO
Favourite author - Paulo Coelho
Favourite holiday destination - Cuba
New York Times or Jordan Times? NYT is a school and JT was my practice field
Role model - My Grandfather
Dream interviewee - Che Guevara
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
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.”
Profile
Company name: Jaib
Started: January 2018
Co-founders: Fouad Jeryes and Sinan Taifour
Based: Jordan
Sector: FinTech
Total transactions: over $800,000 since January, 2018
Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups
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The specs: 2018 Dodge Durango SRT
Price, base / as tested: Dh259,000
Engine: 6.4-litre V8
Power: 475hp @ 6,000rpm
Torque: 640Nm @ 4,300rpm
Transmission: Eight-speed automatic
Fuel consumption, combined: 7.7L / 100km
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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pakistan Test squad
Azhar Ali (capt), Shan Masood, Abid Ali, Imam-ul-Haq, Asad Shafiq, Babar Azam, Fawad Alam, Haris Sohail, Imran Khan, Kashif Bhatti, Mohammad Rizwan (wk), Naseem Shah, Shaheen Shah Afridi, Mohammad Abbas, Yasir Shah, Usman Shinwari