Sultan Abdul Aziz, left, and Khalid Rashid Ahmed play chess in Fujairah as part of the 38th National Day celebrations. Pawan Singh / The National
Sultan Abdul Aziz, left, and Khalid Rashid Ahmed play chess in Fujairah as part of the 38th National Day celebrations. Pawan Singh / The National
Sultan Abdul Aziz, left, and Khalid Rashid Ahmed play chess in Fujairah as part of the 38th National Day celebrations. Pawan Singh / The National
Sultan Abdul Aziz, left, and Khalid Rashid Ahmed play chess in Fujairah as part of the 38th National Day celebrations. Pawan Singh / The National

The beautiful game - no it's not football


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Andrew Paulson's company Agon has won the rights to the World Chess Championship for the next 11 years. Here, he elucidates his plans to make the game a spectator sport and bring a tournament to the UAE.

Has chess lost its prestige since its Cold War heyday?

Russia decided after the revolution that throwing a lot of money at chess was going to be the cheapest and fastest way of promoting and promulgating Soviet superiority round the world. I think you find now many countries have adopted the same philosophy.

China is pushing hard to transfer the passion for Chinese chess into international chess, and indeed the women's gold champion is a 19-year-old Chinese girl. The political interest that Russia showed in chess in the early days, we now see [replicated] as new countries try to demonstrate [and] enrich their identity as nations.

And you want to bring chess to the Middle East?

Chess has a very, very deep history here. You see lots of chess in Cairo, Beirut, Jerusalem and obviously the Emirates. It's a part of the world that for me, personally, is very important and I think it goes without saying it would kind of be a homecoming for chess.

So who will you work with here?

The hospitality events we hold around the actual chess tournament are very important platforms for business-to-business and business-to-government [relations], so we need to choose very carefully which city we work with in the Gulf.

We consider each meeting is like a mini-Davos. At the grand prix we just held in London, there were 12 players from 12 different countries. In the past, players would have been predominantly Soviet.

This is an event we expect to generate an enormous amount of excitement and obviously the point is not just achieving this in years one, two, three and four but to keep coming back and build on the business-to-business and business-to-government links. We want to make sure this is an event that penetrates deeply into the Emirati population.

What about the younger generation?

We will be working with children every day during our events. In the mornings we will invite children from local groups to either come and compete or get instruction. There is a very big social element as well as a business and political element.

Can chess really be interesting to watch?

It's actually the core of what we are trying to do. We are working with the top data visualisers in England to come up with dramatic ways of expressing what's going on the chessboard so the audience will be able to see what's happening with the eyes of a grandmaster, and feel the emotional drive of those players sitting there themselves.

One of the most dramatic moments in a game of chess is that which usually comes around move 17 or 18 when all of a sudden players are playing a game that's never been played before. By diagramming that and showing that visually, it's both beautiful and interesting.

Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

The specs: Fenyr SuperSport

Price, base: Dh5.1 million

Engine: 3.8-litre twin-turbo flat-six

Transmission: Seven-speed automatic

Power: 800hp @ 7,100pm

Torque: 980Nm @ 4,000rpm

Fuel economy, combined: 13.5L / 100km

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE SQUAD

 

Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani

Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Mohammed Al Attas

Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah

Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue

Brighton 1
Gross (50' pen)

Tottenham 1
Kane (48)

The Al Barzakh Festival takes place on Wednesday and Thursday at 7.30pm in the Red Theatre, NYUAD, Saadiyat Island. Tickets cost Dh105 for adults from platinumlist.net

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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

The five pillars of Islam
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

Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,200m. Winner: Majd Al Megirat, Sam Hitchcott (jockey), Ahmed Al Shehhi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m. Winner: Dassan Da, Patrick Cosgrave, Helal Al Alawi

6pm: Abu Dhabi Fillies Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Heba Al Wathba, Richard Mullen, Jean de Roualle

6.30pm: Abu Dhabi Colts Classic Prestige (PA) Dh110,000 (T) 1,400m. Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m. Winner: Jawal Al Reef, Richard Mullen, Ahmed Al Mehairbi

Handicap (TB) Dh100,000 (T) 2,200m. Winner: Harbour Spirit, Adrie de Vries, Jaber Ramadhan.

COMPANY%20PROFILE
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The years Ramadan fell in May

1987

1954

1921

1888

COMPANY PROFILE

Name: Cofe

Year started: 2018

Based: UAE

Employees: 80-100

Amount raised: $13m

Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group 

Tour de France Stage 16:

165km run from Le Puy-en-Velay to Romans-sur-Isère