The Coldplay concert at du Arena on New Years Eve helped hotels on Yas Island to their strongest numbers for this holiday period. Navin Khianey for The National
The Coldplay concert at du Arena on New Years Eve helped hotels on Yas Island to their strongest numbers for this holiday period. Navin Khianey for The National
The Coldplay concert at du Arena on New Years Eve helped hotels on Yas Island to their strongest numbers for this holiday period. Navin Khianey for The National
The Coldplay concert at du Arena on New Years Eve helped hotels on Yas Island to their strongest numbers for this holiday period. Navin Khianey for The National

Year-end festivities pack hotels across Abu Dhabi


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  • Arabic

Year-end concerts, a snow park and food-and-beverage promotions helped to lift hotel occupancy in Abu Dhabi to near-full levels during the long New Year weekend.

This performance contrasts with the earlier part of last year, when room rates dropped and occupancy declined owing to an oversupply of hotels amid weak economic growth.

Many of Abu Dhabi’s top-tier hotels were full, including the Beach Rotana, Shangri-La Qaryat Al Beri, Sofitel Abu Dhabi Corniche and InterContinental Abu Dhabi, according to the Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi).

“The sheer diversity of top-tier events and entertainments on offer in Abu Dhabi to celebrate New Year [contributed] to a boost in visitor numbers to the emirate during this period,” the tourism agency said.

The New Year’s Eve concert by rock band Coldplay at du Arena on Yas Island pulled in an estimated 30,000 people. The waterfront promenade on Al Maryah Island featured separate concerts by Emirati singer Hussain Al Jasmi, the Egyptian pop singer Mohammad Hamaki and Palestinian star Mohammad Assaf.

“This was the strongest New Year’s Eve we have had since opening, which was in 2009, and this was mainly due to the Coldplay concert,” said Craig Bruce, the general manager for Yas Island Rotana and Centro Yas Island, Abu Dhabi. The average room rate at the properties recorded a 50 per cent increase over the same period last year, and the properties were full.

Most of the hotel guests were from within the UAE, here for the New Year celebrations, Mr Bruce said. “December was good in general, as we sold packages with the theme parks and had a strong Christmas week,” he said. Most of the guests during Christmas were from the UK and Germany.

During the year through to November, the total number of tourists checking into Abu Dhabi’s hotels and hotel apartments increased to 4.02 million guests, an 8 per cent increase compared with the same period a year ago, according to TCA Abu Dhabi.

Hotels in the capital, similar to properties in Dubai, had recorded a drop in room rates in response to higher competition from new hotels in the cities at a time when the low oil prices and slow economy hit the number of corporate guests visiting.

In November, the average occupancy rate across Abu Dhabi was 81 per cent, a 3.1 per cent drop from the same period last year, according to data provider STR. Rooms got cheaper by 11.1 per cent year on year to Dh660.14.

“The market is readjusting itself now,” said Mathieu van Alphen, the general manager at Beach Rotana Abu Dhabi, in an interview last week. “Oil prices and corporate budgets are expected to rise towards the end of 2017, early 2018, and I am positive [about hotel performances].”

The five-day Winterland Carnival from December 27 on Yas Island at the du Forum attracted about 26,000 people. The free event transformed the du Forum into a snow park, and featured a snowball fight zone besides games such as the traditional Coconut Shie and rides on a mini-train. It also had food trucks and a beverage zone. These were topped off by a fireworks show on December 31.

Al Maryah Island Promenade, Khor Al Maqtaa and Emirates Palace hotel all had their own fireworks.

The Sheikh Zayed Heritage Festival, which has been taking place at Al Wathba from December 1, is also popular with visitors, according to TCA Abu Dhabi. Initially scheduled to conclude on January 1, it was extended by three weeks in response to demand.

The Abu Dhabi Food Festival, held across the emirate from December 5 to 23, attracted 29,000 visitors from the region, according to TCA Abu Dhabi. The festival included street food events and trade fairs.

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Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Company%20Profile
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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

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

INDIA SQUAD

Virat Kohli (capt), Rohit Sharma, Shikhar Dhawan, KL Rahul, Vijay Shankar, MS Dhoni (wk), Kedar Jadhav, Dinesh Karthik, Yuzvendra Chahal, Kuldeep Yadav, Bhuvneshwar Kumar, Jasprit Bumrah, Hardik Pandya, Ravindra Jadeja, Mohammed Shami

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%20specs
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RESULTS

6pm: Mazrat Al Ruwayah – Group 2 (PA) $40,000 (Dirt) 1,600m
Winner: AF Alajaj, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

6.35pm: Race of Future – Handicap (TB) $80,000 (Turf) 2,410m
Winner: Global Storm, William Buick, Charlie Appleby

7.10pm: UAE 2000 Guineas – Group 3 (TB) $150,000 (D) 1,600m
Winner: Azure Coast, Antonio Fresu, Pavel Vashchenko

7.45pm: Business Bay Challenge – Listed (TB) $100,000 (T) 1,400m
Winner: Storm Damage, Patrick Cosgrave, Saeed bin Suroor

20.20pm: Curlin Stakes – Listed (TB) $100,000 (D) 2,000m
Winner: Appreciated, Fernando Jara, Doug O’Neill

8.55pm: Singspiel Stakes – Group 2 (TB) $180,000 (T) 1,800m
Winner: Lord Glitters, Daniel Tudhope, David O'Meara

9.30pm: Al Shindagha Sprint – Group 3 (TB) $150,000 (D) 1,200m
Winner: Meraas, Antonio Fresu, Musabah Al Muhairi

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

The specs: 2018 Genesis G70

Price, base / as tested: Dh155,000 / Dh205,000

Engine: 3.3-litre, turbocharged V6

Gearbox: Eight-speed automatic

Power: 370hp @ 6,000rpm

Torque: 510Nm @ 1,300rpm

Fuel economy, combined: 10.6L / 100km

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.
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 
Key figures in the life of the fort

Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.

Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.

Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.

Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.

Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.

Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.

Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.

Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.

Sources: Jayanti Maitra, www.adach.ae

UAE currency: the story behind the money in your pockets
Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet