• Tokyo ranked as the best global city to retire in a new retirement index compiled by Veolar. Ryo Yoshitake/ Unsplash
    Tokyo ranked as the best global city to retire in a new retirement index compiled by Veolar. Ryo Yoshitake/ Unsplash
  • Wellington, New Zealand, was ranked as the second best global city to retire. Leyvaine Davids/ Unsplash
    Wellington, New Zealand, was ranked as the second best global city to retire. Leyvaine Davids/ Unsplash
  • Singapore ranked third and scored well in the categories of legacy management and quality of public transport. Kirill Petropavlov/ Unsplash
    Singapore ranked third and scored well in the categories of legacy management and quality of public transport. Kirill Petropavlov/ Unsplash
  • Paris is the fourth best city to retire and scored well in the liveability sub-index, driven by its museums and restaurants. Leonard Cotte/ Unsplash
    Paris is the fourth best city to retire and scored well in the liveability sub-index, driven by its museums and restaurants. Leonard Cotte/ Unsplash
  • Vienna ranked fifth globally for offering the best retirement living standards for senior people. Jacek Dylag/ Unsplash
    Vienna ranked fifth globally for offering the best retirement living standards for senior people. Jacek Dylag/ Unsplash
  • Zurich, in sixth position, ranked high for safety and quality of health care. Henrique Ferreira/ Unsplash
    Zurich, in sixth position, ranked high for safety and quality of health care. Henrique Ferreira/ Unsplash
  • Copenhagen was ranked seventh, driven by its safety, mobility and accessibility to health care. Nick Karvounis/ Unsplash
    Copenhagen was ranked seventh, driven by its safety, mobility and accessibility to health care. Nick Karvounis/ Unsplash
  • Amsterdam is the eighth best city to retire globally, Veolar said. Adrien Olichon/ Unsplash
    Amsterdam is the eighth best city to retire globally, Veolar said. Adrien Olichon/ Unsplash
  • Osaka in Japan placed ninth, earning high scores in the quality and accessibility of health care and health longevity sub-indices. Ramon Kagie/ Unsplash
    Osaka in Japan placed ninth, earning high scores in the quality and accessibility of health care and health longevity sub-indices. Ramon Kagie/ Unsplash
  • Lausanne in Switzerland is the 10th best city globally in terms of retirement living standards, the index showed. Mark de Jong/ Unsplash
    Lausanne in Switzerland is the 10th best city globally in terms of retirement living standards, the index showed. Mark de Jong/ Unsplash

Dubai is the 14th-best city in the world for retirees


Deepthi Nair
  • English
  • Arabic

Dubai has been ranked the 14th-best city in the world in terms of living standards for retirees and first globally for financial security and legacy management, according to a survey.

Tokyo topped the table and Wellington, the capital of New Zealand, ranked second in The Best Cities for Retirement Index, according to medical company Veolar, which conducted the study in partnership with Magmatic Research.

The study considered factors such as quality of healthcare services, financial security, wealth management benefits available to retirees, mobility, connectivity, safety and availability of housing, among others.

“People’s decision to relocate for retirement is often driven by societal factors like safety, financial security and access to healthcare,” Dmitrijs Sabanovs, director of Veolar, said on Thursday.

“This fact is understood by many national governments who are trying to attract retirees from around the world to relocate to their country. Specific visas for retirees, as can be seen in the UAE, Panama, Portugal, Thailand and Mexico, incentivise people to make the switch.”

Dubai rolled out its retiree visa in 2020, which allows residents and citizens from around the world to live in the emirate if they fulfil one of three requirements: earn a monthly income of Dh20,000 ($5,445); have Dh1 million in cash savings; or own a property in Dubai worth at least Dh2m.

A retired expatriate and their spouse can apply for the five-year visa with the possibility of automatic renewal online, provided they continue to meet the criteria. Eligible applicants must be older than 55 and have valid UAE health insurance.

Dubai’s retirement initiative is similar to programmes in the Caribbean and in European countries such as the UK, Portugal, Greece, Cyprus, Spain and Malta, whose citizenship-by-investment programmes are sought after by affluent retirees.

Meanwhile, Singapore was ranked third in the Veolar survey, followed by Paris in fourth place and Vienna in fifth. Zurich, Copenhagen, Amsterdam, Osaka and Lausanne round out the top 10.

The Covid-19 pandemic has led to a growing urgency among people who wish to migrate to or retire in these destinations, say agencies that help applicants with global residency programmes.

“The pandemic years have been extremely hard on everyone, but especially hard on retirees,” Mr Sabanovs said.

“Now, as many countries begin to emerge from pandemic restrictions and normal life returns, retirees are being faced with rampant inflation that risks eating into their savings and reducing their quality of life.”

Abu Dhabi ranked 51st in the list of cities that offer good living conditions for retirees, while the UAE’s capital city placed fourth globally in terms of financial security and legacy management, Veolar said.

Retirement age in different countries — in pictures

  • Edinburgh, Scotland, UK. Great Britain's state pension age is 65, with plans to raise it to 67 by 2028 and 68 by 2046.
    Edinburgh, Scotland, UK. Great Britain's state pension age is 65, with plans to raise it to 67 by 2028 and 68 by 2046.
  • Budapest, Hungary. The general retirement age is 64, but Hungary plans to raise the age to 65 by 2022. Getty
    Budapest, Hungary. The general retirement age is 64, but Hungary plans to raise the age to 65 by 2022. Getty
  • Ibiza, Spain. Retirement with pension is possible from 65 years if 36-and-a-half years of social security contributions are paid. Citizens can retire two years before state pension age as long as they have at least 33 years of contributions. AFP
    Ibiza, Spain. Retirement with pension is possible from 65 years if 36-and-a-half years of social security contributions are paid. Citizens can retire two years before state pension age as long as they have at least 33 years of contributions. AFP
  • Stockholm, Sweden. The retirement age in Norway, Sweden and Finland is flexible, with citizens able to take out their pension within a certain age range. In Sweden that range is 61 to 67 years with plans to increase the range to 63-69 by 2023. Getty
    Stockholm, Sweden. The retirement age in Norway, Sweden and Finland is flexible, with citizens able to take out their pension within a certain age range. In Sweden that range is 61 to 67 years with plans to increase the range to 63-69 by 2023. Getty
  • Sydney, Australia. The pension-eligible retirement age is rising on the continent from 66 now to 67 by 2023. Alamy
    Sydney, Australia. The pension-eligible retirement age is rising on the continent from 66 now to 67 by 2023. Alamy
  • Toronto, Canada. Canadians can apply for and receive a full retirement pension at age 65 or receive it as early as age 60 with a reduction, or as late as age 70 with an increase. An outlier, the government has no plan in place to raise the retirement age. Getty
    Toronto, Canada. Canadians can apply for and receive a full retirement pension at age 65 or receive it as early as age 60 with a reduction, or as late as age 70 with an increase. An outlier, the government has no plan in place to raise the retirement age. Getty
  • Iceland's Arctic Coast Way. The normal pension age for Icelanders is 67, which can be received in full with 40 years’ residency. Courtesy Lonely Planet
    Iceland's Arctic Coast Way. The normal pension age for Icelanders is 67, which can be received in full with 40 years’ residency. Courtesy Lonely Planet
  • Honshu, Japan. Japan requires companies to allow employees to work until 65 but in practice most companies set a mandatory retirement age at 60, with an option of further five years’ work on reduced pay. Prime Minister Shinzo Abe is working to increase the retirement age to 70 amid a labour crunch and ballooning pension costs, Reuters reported in April. Getty
    Honshu, Japan. Japan requires companies to allow employees to work until 65 but in practice most companies set a mandatory retirement age at 60, with an option of further five years’ work on reduced pay. Prime Minister Shinzo Abe is working to increase the retirement age to 70 amid a labour crunch and ballooning pension costs, Reuters reported in April. Getty
  • Tromso, Norway. Norwegians can retire with a pension at 67. Pixabay
    Tromso, Norway. Norwegians can retire with a pension at 67. Pixabay
  • St Petersburg, Russia. For pension benefits, Russian men can retire at 60-and-a-half and women at 55-and-a-half, with the country aiming to extend the limit to 65 and 60 by 2028 for men and women, respectively. Getty
    St Petersburg, Russia. For pension benefits, Russian men can retire at 60-and-a-half and women at 55-and-a-half, with the country aiming to extend the limit to 65 and 60 by 2028 for men and women, respectively. Getty
  • New York City, USA. American retirement age to receive Social Security - the national pension programme - is 66 for both men and women, set to go up to 67 by 2027. Getty
    New York City, USA. American retirement age to receive Social Security - the national pension programme - is 66 for both men and women, set to go up to 67 by 2027. Getty

Singapore ranked the second best city for financial security and legacy management for retirees, followed by Wellington in third place and Vienna in fifth.

Meanwhile, Doha ranked 70th and Riyadh 84th in the global retirement index. Aside from London, cities in Europe and Australia dominated the top 20 rankings.

Dubai also topped the retirement index in the Middle East and Africa. Other cities in the region considered ideal for retirement include Abu Dhabi, Tel Aviv, Istanbul and Muscat, the study found.

Top 15 cities to retire

  1. Tokyo (Japan)
  2. Wellington (New Zealand)
  3. Singapore
  4. Paris (France)
  5. Vienna (Austria)
  6. Zurich (Switzerland)
  7. Copenhagen (Denmark)
  8. Amsterdam (Netherlands)
  9. Osaka (Japan)
  10. Lausanne (Switzerland)
  11. Oslo
  12. London
  13. Helsinki
  14. Dubai
  15. Madrid
Match info

Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)

Brief scores:

Everton 2

Walcott 21', Sigurdsson 51'

Tottenham 6

Son 27', 61', Alli 35', Kane 42', 74', Eriksen 48'​​​​​​​

Man of the Match: Son Heung-min (Tottenham Hotspur)

UAE currency: the story behind the money in your pockets
1971: The Year The Music Changed Everything

Director: Asif Kapadia

4/5

Results

1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec

2. Max Verstappen (Red Bull-Honda) at 0.745s

3. Valtteri Bottas (Mercedes) 37.383s

4. Lando Norris (McLaren) 46.466s

5.Sergio Perez (Red Bull-Honda) 52.047s

6. Charles Leclerc (Ferrari) 59.090s

7. Daniel Ricciardo (McLaren) 1:06.004

8. Carlos Sainz Jr (Ferrari) 1:07.100

9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692

10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,

Panipat

Director Ashutosh Gowariker

Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment

Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman

Rating 3 /stars

Abramovich London

A Kensington Palace Gardens house with 15 bedrooms is valued at more than £150 million.

A three-storey penthouse at Chelsea Waterfront bought for £22 million.

Steel company Evraz drops more than 10 per cent in trading after UK officials said it was potentially supplying the Russian military.

Sale of Chelsea Football Club is now impossible.

DUBAI SEVENS 2018 DRAW

Gulf Men’s League
Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers

Gulf Men’s Open
Pool A – Bahrain Firbolgs, Arabian Knights, Yalla Rugby, Muscat
Pool B – Amman Citadel, APB Dubai Sharks, Jebel Ali Dragons 2, Saudi Rugby
Pool C – Abu Dhabi Harlequins 2, Roberts Construction, Dubai Exiles 2
Pool D – Dubai Tigers, UAE Shaheen, Sharjah Wanderers, Amman Citadel 2

Gulf U19 Boys
Pool A – Deira International School, Dubai Hurricanes, British School Al Khubairat, Jumeirah English Speaking School B
Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC

Gulf Women
Pool A – Kuwait Scorpions, Black Ruggers, Dubai Sports City Eagles, Dubai Hurricanes 2
Pool B – Emirates Firebirds, Sharjah Wanderers, RAK Rides, Beirut Aconites
Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers

Gulf U19 Girls
Pool A – Dubai Exiles, BSAK, DESC, Al Maha
Pool B – Arabian Knights, Dubai Hurricanes, Al Ain Amblers, Abu Dhabi Harlequins

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 Written World: How Literature Shaped History
Martin Puchner
Granta

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

yallacompare profile

Date of launch: 2014

Founder: Jon Richards, founder and chief executive; Samer Chebab, co-founder and chief operating officer, and Jonathan Rawlings, co-founder and chief financial officer

Based: Media City, Dubai 

Sector: Financial services

Size: 120 employees

Investors: 2014: $500,000 in a seed round led by Mulverhill Associates; 2015: $3m in Series A funding led by STC Ventures (managed by Iris Capital), Wamda and Dubai Silicon Oasis Authority; 2019: $8m in Series B funding with the same investors as Series A along with Precinct Partners, Saned and Argo Ventures (the VC arm of multinational insurer Argo Group)

MATCH INFO

Fixture: Thailand v UAE, Tuesday, 4pm (UAE)

TV: Abu Dhabi Sports

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

Shortlisted novels: 66

Longlisted novels: 111

Total number of novels submitted: 1,780

Novels translated internationally: 66

The%20Genius%20of%20Their%20Age
%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

COMPANY%20PROFILE
%3Cp%3EFounder%3A%20Hani%20Abu%20Ghazaleh%3Cbr%3EBased%3A%20Abu%20Dhabi%2C%20with%20an%20office%20in%20Montreal%3Cbr%3EFounded%3A%202018%3Cbr%3ESector%3A%20Virtual%20Reality%3Cbr%3EInvestment%20raised%3A%20%241.2%20million%2C%20and%20nearing%20close%20of%20%245%20million%20new%20funding%20round%3Cbr%3ENumber%20of%20employees%3A%2012%3C%2Fp%3E%0A
How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

Key developments in maritime dispute

2000: Israel withdraws from Lebanon after nearly 30 years without an officially demarcated border. The UN establishes the Blue Line to act as the frontier. 

2007: Lebanon and Cyprus define their respective exclusive economic zones to facilitate oil and gas exploration. Israel uses this to define its EEZ with Cyprus

2011: Lebanon disputes Israeli-proposed line and submits documents to UN showing different EEZ. Cyprus offers to mediate without much progress.

2018: Lebanon signs first offshore oil and gas licencing deal with consortium of France’s Total, Italy’s Eni and Russia’s Novatek.

2018-2019: US seeks to mediate between Israel and Lebanon to prevent clashes over oil and gas resources.

RESULTS

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
Winner: M'A Yaromoon, Jesus Rosales (jockey), Khalifa Al Neydai (trainer)

5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
Winner: No Riesgo Al Maury, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi

6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: Mahmouda, Pat Cosgrave, Abdallah Al Hammadi

7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: AS Jezan, George Buckell, Ahmed Al Mehairbi

7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Winner: Dolman, Antonio Fresu, Bhupath Seemar

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SPECS
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The story in numbers

18

This is how many recognised sects Lebanon is home to, along with about four million citizens

450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m

73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

RESULTS

Bantamweight: Jalal Al Daaja (JOR) beat Hamza Bougamza (MAR)

Catchweight 67kg: Mohamed El Mesbahi (MAR) beat Fouad Mesdari (ALG)

Lightweight: Abdullah Mohammed Ali (UAE) beat Abdelhak Amhidra (MAR)

Catchweight 73kg: Mosatafa Ibrahim Radi (PAL) beat Yazid Chouchane (ALG)

Middleweight: Yousri Belgaroui (TUN) beat Badreddine Diani (MAR)

Catchweight 78KG: Rashed Dawood (UAE) beat Adnan Bushashy (ALG)

Middleweight: Sallah-Eddine Dekhissi (MAR) beat Abdel Enam (EGY)

Catchweight 65kg: Yanis Ghemmouri (ALG) beat Rachid Hazoume (MAR)

Lightweight: Mohammed Yahya (UAE) beat Azouz Anwar (EGY)

Catchweight 79kg: Souhil Tahiri (ALG) beat Omar Hussein (PAL)

Middleweight: Tarek Suleiman (SYR) beat Laid Zerhouni (ALG)

COMPANY%20PROFILE
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Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
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Updated: April 29, 2022, 6:41 AM