The world's most famous cycle race, the Tour de France, celebrates its 100th event, starting on Saturday, on the beautiful but volatile Mediterranean island that is the only part of metropolitan France its routes have never previously included.
Despite a growing trend to hold stages in other countries, this year's race will be the first since the event began in 1903 to visit Corsica, the birthplace of the 18th French emperor Napoleon that lies between the French and Italian rivieras and the coast of northern Tunisia.
On the basis of estimates in the English county of Yorkshire, where next year's race will start, the potential boost to the local economy from hosting the first three legs of this year's event can be measured in tens of millions of euros.
It is a slice of good news the island urgently needs. Corsica, with its history of bloodshed linked to nationalistic agitation and criminal feuds, hopes its important tourism industry will reap huge benefits.
The Tour de France organisers, the Amaury Sport Organisation (ASO), would be satisfied, too, if spectacular television footage as the cyclists make their way north and across country from the southern town of Porto-Vecchio, setting for Le Grand Depart, encouraged viewers to forget a rotten year for the race's reputation.
Since Sir Bradley Wiggins became the first Briton to win the tour a year ago, the American cyclist Lance Armstrong, the race winner for seven years running, has been stripped of all the titles and banned for life for organising what is alleged to have been "the most sophisticated, professionalised and successful doping programme that sport has ever seen".
The response from sponsors could have been catastrophic. But the race has drawn on its remarkable, perhaps unshakeable popularity - along with respect earned for a determined campaign to eliminate cheating - to remain, as Daniel Benson, managing editor of the online magazine www.cyclingnews.com puts it, "the biggest race on Earth".
"Newspapers created the Tour de France, radio made it popular, television made it rich" said Christian Prudhomme, the director of the Tour de France, in 2010. But how rich?
The main television contract is with France 2, which reportedly paid €120 million (Dh576.46 million) for a five-year deal that expires this year.
Another cycling website (www.cyclismas.com) put the figure for this year at €24.9m, €1m up on 2011 in line with the terms of the agreement, but stressed that all the quoted sums include the rights to broadcast a number of other ASO-run events.
On its own calculations for 2011, Cyclismas estimated total Tour de France revenue from broadcasting rights, including other TV contracts, at between €40m and €50m. This represents, on the organisers' own assessment, 60 per cent of total income, the rest coming from sponsors (30 per cent) and fees from host towns along the route.
The amounts seemed at odds with a comment attributed by Bloomberg to the Association International des Groupes Cyclistes Professionels, a French-based body representing professional cycling teams: "ASO may get as much as $200m from TV rights, while the 22 Tour de France teams typically have an annual budget of $10m each from sponsorships."
The statement was intended to support three teams - Garmin-Cervélo, HTC-Highroad and RadioShack - in a battle to limit television access to their vehicles during the race unless their packages were improved.
A glance at the Tour de France website (www.letour.fr), or even more strikingly at the astonishing procession of cars that accompanies the cyclists' peleton on its 21-day odyssey, reveals the range of commercial involvement.
The sponsors are France 2 and 3, the European Broadcasting Union, LCL bank, Vittel, Skoda and Carrefour. LCL has sponsored the yellow jersey, worn by the race leader, for 26 years. The list of official partners, supporters and suppliers is much longer.
Among them, the state betting system Pari Mutuel Urbain sponsors the green jersey won by points classification leaders while the sportswear makers Le Coq Sportif, which has an association with the race dating from 1951, has a five-year contract to supply official kit.
"The racing is expensive and teams can't sell tickets to their events," writes a correspondent for the Australian Financial Review. "For that reason, sponsors are wooed in a fashion that would make a football team blush."
At www.cyclingnews.com, Mr Benson agrees. "It is just one massive, cash-creating convoy," he says.
He believes the energy put into efforts by cities, towns and villages when bidding to have the race pass through their streets tells its own story.
Even his own site experiences an explosion of interest during the race's three weeks, causing the monthly readership to rocket from 20 million to 30 million to 60 million to 70 million page views.
"For Corsica, it will be all about tourism, showing off the fantastic aspects of the island," he says. "Corsica has successfully staged the Critérium International. It is only a two-day race but showed the island was capable of hosting a much bigger event."
And events do not come much bigger than the Tour de France, which will this year cover 21 stages and 3,479km before the finale at the Champs-Elysées after several circuits of the heart of Paris on both banks of the Seine.
A look at footage from any year's race reveals the strong allure of the sport, whether it is the crowds are nosing forward dangerously for a better view on narrow, winding roads high in mountainous regions or standing several deep along the Rue de Rivoli in Paris.
"The real star of the show is France and the great interior known as la France profonde," says Pete Sixsmith in a UK online account of why the Tour de France has him transfixed.
"The race takes you through empty flatlands, sleepy towns and dozing villages and field after field of 10-foot high sunflowers.
"Then, it smacks you in the face with the mountain stages in the Alps and the Pyrénées. As one spectacular mountain pass is succeeded by another, you begin to have an understanding of how big and how magnificent France really is."
He takes comfort in the belief that the event appears to have "chased out the drug cheats, blood dopers and steroid junkies and what we see now is a combination of strength, courage and tactical acumen".
But he wrote that before the full scale of past cheating became clear. When Armstrong made his long-awaited confession on Oprah Winfrey's prime-time US talk show in January, the ESPN sports website remarked: "A story that seemed too good to be true - cancer survivor returns to win one of sport's most gruelling events seven times in a row - was revealed to be just that."
For Daniel Benson, the Tour de France can rise above its scandal-ridden recent past. "Cycling does more than most sports to clean itself up but you'll always have negative aspects because you will catch people if you look for cheating. That said, it is probably cleaner than it has been for a long time."
And, for the world of finance, it will continue to generate the level of corporate investment that makes it the third-biggest occasion on the sporting calendar after the World Cup and the Olympics, both of which occur only once every four years.
It may be the ultimate paradox of the Tour de France that it is both an aggressively commercial, self-financing event and, as it says itself in acknowledgement of the free public access, "the greatest free show on the planet".
business@thenational.ae
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 five pillars of Islam
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
- Kings School Al Barsha (Dubai) – Dh71,905
- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
'Nightmare Alley'
Director:Guillermo del Toro
Stars:Bradley Cooper, Cate Blanchett, Rooney Mara
Rating: 3/5
How to register as a donor
1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention
2) There are about 11,000 patients in the country in need of organ transplants
3) People must be over 21. Emiratis and residents can register.
4) The campaign uses the hashtag #donate_hope
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The years Ramadan fell in May
THURSDAY'S ORDER OF PLAY
Centre Court
Starting at 10am:
Lucrezia Stefanini v Elena Rybakina (6)
Aryna Sabalenka (4) v Polona Hercog
Sofia Kenin (1) v Zhaoxuan Yan
Kristina Mladenovic v Garbine Muguruza (5)
Sorana Cirstea v Karolina Pliskova (3)
Jessica Pegula v Elina Svitolina (2)
Court 1
Starting at 10am:
Sara Sorribes Tormo v Nadia Podoroska
Marketa Vondrousova v Su-Wei Hsieh
Elise Mertens (7) v Alize Cornet
Tamara Zidansek v Jennifer Brady (11)
Heather Watson v Jodie Burrage
Vera Zvonareva v Amandine Hesse
Court 2
Starting at 10am:
Arantxa Rus v Xiyu Wang
Maria Kostyuk v Lucie Hradecka
Karolina Muchova v Danka Kovinic
Cori Gauff v Ulrikke Eikeri
Mona Barthel v Anastasia Gasanova
Court 3
Starting at 10am:
Kateryna Bondarenko v Yafan Wang
Aliaksandra Sasnovich v Anna Bondar
Bianca Turati v Yaroslava Shvedova
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
The%20specs
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'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
WISH
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Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
If you go
The flights
Etihad and Emirates fly direct from the UAE to Chicago from Dh5,215 return including taxes.
The hotels
Recommended hotels include the Intercontinental Chicago Magnificent Mile, located in an iconic skyscraper complete with a 1929 Olympic-size swimming pool from US$299 (Dh1,100) per night including taxes, and the Omni Chicago Hotel, an excellent value downtown address with elegant art deco furnishings and an excellent in-house restaurant. Rooms from US$239 (Dh877) per night including taxes.
The bio:
Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.
Favourite food: My mum’s Chinese cooking.
Favourite film: Robocop, followed by The Terminator.
Hobbies: Off-roading, scuba diving, playing squash and going to the gym.
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MATCH INFO
Wales 1 (Bale 45 3')
Croatia 1 (Vlasic 09')
Race card
6.30pm: Al Maktoum Challenge Round-3 Group 1 (PA) US$100,000 (Dirt) 2,000m
7.05pm: Meydan Classic Listed (TB) $175,000 (Turf) 1,600m
7.40pm: Handicap (TB) $135,000 (T) 2,000m
8.15pm: Handicap (TB) $135,000 (D) 1,600m
8.50pm: Nad Al Sheba Trophy Group 2 (TB) $300,000 (T) 2,810m
9.25pm: Curlin Stakes Listed (TB) $175,000 (D) 2,000m
10pm: Handicap (TB) $135,000 (T) 2,000m
10.35pm: Handicap (TB) $175,000 (T) 1,400m
The National selections
6.30pm: Shahm, 7.05pm: Well Of Wisdom, 7.40pm: Lucius Tiberius, 8.15pm: Captain Von Trapp, 8.50pm: Secret Advisor, 9.25pm: George Villiers, 10pm: American Graffiti, 10.35pm: On The Warpath