Variety to spice up life in the region


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Tom Cruise's visit to Dubai came just a few months too early for the publishers of Variety Arabia, which will be launched in January.

A local edition of Variety, the magazine about the entertainment industry founded in 1905, will be produced under licence by a publisher based in Dubai. The bilingual title, geared towards the Middle East and north Africa, will have articles in both English and Arabic, and be accompanied by a website.

The filming of Mission: Impossible - Ghost Protocol, which stars Tom Cruise, would have been prime territory for the magazine.

But Variety Arabia would have focused on what it means for the industry, rather than the celebrity aspect, says Charles Rodgers, the operations director at Middle East Media & Publishing, which is publishing the title under licence from the US owners.

"Tom flying round the Burj Khalifa would be covered by a lot of other folk. We'd cover much more of a 'behind the scenes' angle, about how other people can do such deals. Too bad [Cruise's visit] didn't happen three months from now," said Mr Rodgers.

"This is a trade publication first and foremost. There's a burgeoning entertainment market here … We certainly feel it's a niche we're going to fill."

Variety Arabia will initially be published quarterly, unlike the US edition that appears every week. But Mr Rodgers said the intention was to increase the frequency to monthly. Likewise, the hope is to publish English and Arabic editions separately.

"We're looking at quarterly to start, and we'd like to get that down to monthly," he said. "It will be a bilingual edition, and inshallah, we'll go so big that we'll have to split it out."

Content from the US edition will be republished in English and translated into Arabic. Later on, original articles about the MENA region will be published in Variety Arabia. "Certainly in the beginning, there will be some content from the US. But we really want to grow the local organisation … Content will be developed locally, for sure", said Mr Rodgers.

Middle East Media & Publishing is a new company established with the sole purpose of publishing Variety Arabia, said Mr Rodgers. He declined to identify the "group of businessmen" backing the private company, which is registered in a Fujairah free zone but operates from offices in Dubai and Cairo. The company also intends to form a presence in Beirut.

Variety Arabia will help to "put the Middle East on the global entertainment map", said Mr Rodgers.

"The future bodes well. The market here is a very youthful market - the youth segment is massive and is in tune with TV, entertainment and content," he said.

"We see film funds, film festivals … So we see a lot of activity and emphasis on trying to build a world-class market." Variety's London office will manage operations in conjunction with Middle East Media & Publishing, according to Variety's website.

Timothy M Gray, the editor of the US edition, will be the editor of Variety Arabia in its initial period.

"It's an exciting time for the MENA region's entertainment industry, particularly in film and television, and with regard to culturally themed projects," said Mr Gray.

The Porpoise

By Mark Haddon 

(Penguin Random House)
 

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

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

Company%20profile
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The years Ramadan fell in May

1987

1954

1921

1888

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A