The quality of Oman Sail's backers alongside EFG Bank are testimony to the high esteem the organisation is held in. Lloyd Images
The quality of Oman Sail's backers alongside EFG Bank are testimony to the high esteem the organisation is held in. Lloyd Images
The quality of Oman Sail's backers alongside EFG Bank are testimony to the high esteem the organisation is held in. Lloyd Images
The quality of Oman Sail's backers alongside EFG Bank are testimony to the high esteem the organisation is held in. Lloyd Images

An Abu Dhabi colt champs at the bit


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As Dubai this week showcases the wonderful world of superyachts, an altogether less ostentatious side to the region's sailing ambitions was revealed recently when the Oman Sail race series, EFG Sailing Arabia - The Tour, stopped off in Abu Dhabi.
"The vision by Oman Sail to develop the region's sailing talent and reignite the rich maritime heritage has become a reality," says David Graham, the Oman Sail chief executive.
But a fully-fledged racing boat is a far cry from the millionaires' playthings that ply the warm waters of the Arabian Gulf and beyond. This became acutely apparent when I somewhat unexpectedly joined crew members of the Abu Dhabi Yacht Club vessel for the second run in the Abu Dhabi in-port race leg of the series a couple of weeks ago.
After watching the first race from the comfort of the 38ft VIP motorboat, I was plucked by rubber dinghy to the side of the yacht. An ungainly scramble aboard saw me take my place - at the back of the boat - as the crew of trainees, plus an experienced skipper and first mate, swung the sleek 24ft craft into the wind. "Just swap sides when I tell you," the skipper said as I perched nervously on the hard plastic ledge along the inside of the hull. "And watch out for that as it swings," he added, pointing to the boom. "That can hurt."
The boat's sails filled with wind and it keeled over hard as it accelerated into position for the start of the race. "Jibe," cried one of the crew, wrestling a mass of ropes and pulleys that enable the boom to swing over. At the same time, a figure at the front of the boat frantically hoisted another sail, which billowed out like a hot-air balloon.
"This side," shouted the skipper to me, and I half-climbed up the now steeply slanting floor to cling to the guide wires and sit opposite from where I had begun.
There followed an hour of what was an exhilarating taste of a racing yacht in competition - the complexity of the rigging, sail work and manoeuvres required to stay in touch with the six or seven other racers, all in identical Farr 30 craft, was astonishing. How anybody knew which rope to pull and when was beyond me. Eventually, sea-soaked and sunburned (well, I was), we crossed the finishing line, only behind the Oman navy-crewed yacht due to some ill-luck with the wind and jibing.
For the local trainees aboard, the race around the Corniche bay was designed to give them real-time experience of competing as part of the club's remit to boost the sport among Emiratis. While the event I was in was a training exercise for them, next year the Abu Dhabi boat will be a fully-paid up member of the series and will take part in the whole 760-nautical mile event from Bahrain to Oman via Qatar and the UAE. It is a further example of this country's bid to raise awareness of the emirate both to tourists in general and as a sailing destination in particular.
"I believe this year's event has really strengthened that image and has put the Middle East on the map as a prime international yachting location," Mr Graham says.
From Oman's point of view, the Oman Sail initiative ticks the right boxes. "Sailing enthusiasts from around the world came and participated in this major sporting event that further bolstered the country's tourism sector and highlighted its vast maritime potential," Ghasi Humaid Al Hashmi, the deputy director general of tourism promotion at the Oman ministry of tourism, said as the series ended.
It is not just the world's best sailors who are waking up to the attraction of the tour. Commercial partners are realising great value from promoting their brands so widely across the GCC states. In the first year the Sailing Arabia event yielded US$1.5 million of media return, according to EFG Bank's website. In the second year that value had doubled to more than $3m.
"EFG Bank receives branding on each of the boats as part of their sponsorship package in the form of a composite logo on the hull," says Bryan Winning, Oman Sail's business development director.
"Individual boat sponsors receive the majority of the boat branding to ensure a ROI [return on investment] for the boat sponsors.
"EFG also sponsor an individual boat allowing them to fully brand it for maximum effect. A great deal of brand awareness is generated for EFG through logo placement on the spinnakers, which act as giant floating billboards, maximising the level of media coverage the EFG brand receives."
The quality of Oman Sail's backers alongside EFG Bank are testimony to the high esteem the organisation is held in.
"BAE Systems is a founding partner of Oman Sail," says Guy Griffiths, the group managing director for BAE Systems International.
"They fully understand our project; specifically that it is not only a sailing project, but that the core of Oman Sail is the development of young Omani talent, empowering them with life skills and making them more employable."
Mr Graham, too, was ebullient in his praise. "The fourth edition of the tour has produced a stronger than ever level of competition. I am particularly pleased to see the healthy mix of youth, women, regional and professional sailors develop into a highly competitive, international fleet."
I suspect he was not referring to the less-than-lightweight human ballast the capital's entry was saddled with.
chnelson@thenational.ae
Follow us on Twitter @Ind_Insights

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if you go

The flights

Flydubai flies to Podgorica or nearby Tivat via Sarajevo from Dh2,155 return including taxes. Turkish Airlines flies from Abu Dhabi and Dubai to Podgorica via Istanbul; alternatively, fly with Flydubai from Dubai to Belgrade and take a short flight with Montenegro Air to Podgorica. Etihad flies from Abu Dhabi to Podgorica via Belgrade. Flights cost from about Dh3,000 return including taxes. There are buses from Podgorica to Plav. 

The tour

While you can apply for a permit for the route yourself, it’s best to travel with an agency that will arrange it for you. These include Zbulo in Albania (www.zbulo.org) or Zalaz in Montenegro (www.zalaz.me).

 

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association

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Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

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  • Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
  • Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help. 
  • Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
  • Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
  • Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported. 

Carol Glynn, founder of Conscious Finance Coaching

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Court 1 - from 4pm UAE time

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Court 2 - from 2.30pm

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Florian Mayer v Marin Cilic (7)

 

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Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

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Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
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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

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