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".
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Zayed Sustainability Prize
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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
Three ways to get a gratitude glow
By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.
- During your morning skincare routine, name five things you are thankful for about yourself.
- As you finish your skincare routine, look yourself in the eye and speak an affirmation, such as: “I am grateful for every part of me, including my ability to take care of my skin.”
- In the evening, take some deep breaths, notice how your skin feels, and listen for what your skin is grateful for.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
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The specs
Engine: 8.0-litre, quad-turbo 16-cylinder
Transmission: 7-speed auto
0-100kmh 2.3 seconds
0-200kmh 5.5 seconds
0-300kmh 11.6 seconds
Power: 1500hp
Torque: 1600Nm
Price: Dh13,400,000
On sale: now
Indoor cricket in a nutshell
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 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
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Zayed Sustainability Prize
The five pillars of Islam
Series info
Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday
ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23
T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29
Tickets Available at www.q-tickets.com
Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.
Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.
MATCH INFO
FA Cup fifth round
Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports
The biog
Simon Nadim has completed 7,000 dives.
The hardest dive in the UAE is the German U-boat 110m down off the Fujairah coast.
As a child, he loved the documentaries of Jacques Cousteau
He also led a team that discovered the long-lost portion of the Ines oil tanker.
If you are interested in diving, he runs the XR Hub Dive Centre in Fujairah
The specs: 2017 Maserati Quattroporte
Price, base / as tested Dh389,000 / Dh559,000
Engine 3.0L twin-turbo V8
Transmission Eight-speed automatic
Power 530hp @ 6,800rpm
Torque 650Nm @ 2,000 rpm
Fuel economy, combined 10.7L / 100km