• Vice President Mansour bin Zayed with Ukraine's President Volodymyr Zelenskyy in Jeddah during the 32nd Arab League Summit. AFP
    Vice President Mansour bin Zayed with Ukraine's President Volodymyr Zelenskyy in Jeddah during the 32nd Arab League Summit. AFP
  • Iraqi Prime Minister Mohammed Shia Al Sudani, right, with Ukraine's President Volodymyr Zelenskyy at the Arab League Summit in Jeddah. AFP
    Iraqi Prime Minister Mohammed Shia Al Sudani, right, with Ukraine's President Volodymyr Zelenskyy at the Arab League Summit in Jeddah. AFP
  • Tunisian President Kais Saied, left, with Saudi Crown Prince Mohammed bin Salman. AP
    Tunisian President Kais Saied, left, with Saudi Crown Prince Mohammed bin Salman. AP
  • Arab League Secretary General Ahmed Aboul Gheit, left, and Saudi Foreign Minister Faisal bin Farhan. AFP
    Arab League Secretary General Ahmed Aboul Gheit, left, and Saudi Foreign Minister Faisal bin Farhan. AFP
  • Egypt's President Abdel Fattah El Sisi with Saudi Arabia's Crown Prince Mohammed bin Salman, ahead of the Arab League summit in Jeddah. Reuters
    Egypt's President Abdel Fattah El Sisi with Saudi Arabia's Crown Prince Mohammed bin Salman, ahead of the Arab League summit in Jeddah. Reuters
  • Egypt's President Abdel Fattah El Sisi talks with Syrian President Bashar Al Assad, alongside Tunisia's President Kais Saied, ahead of the summit. Reuters
    Egypt's President Abdel Fattah El Sisi talks with Syrian President Bashar Al Assad, alongside Tunisia's President Kais Saied, ahead of the summit. Reuters
  • Egypt's President Abdel Fattah El Sisi with Saudia Arabia's Foreign Minister Faisal bin Farhan, ahead of the summit. Reuters
    Egypt's President Abdel Fattah El Sisi with Saudia Arabia's Foreign Minister Faisal bin Farhan, ahead of the summit. Reuters
  • Oman's Deputy Prime Minister Asaad bin Tariq Al Said meets Ukrainian President Volodymyr Zelenskyy during the Arab League summit in Jeddah, Saudi Arabia. Reuters
    Oman's Deputy Prime Minister Asaad bin Tariq Al Said meets Ukrainian President Volodymyr Zelenskyy during the Arab League summit in Jeddah, Saudi Arabia. Reuters
  • Kuwait's Crown Prince Sheikh Meshal Al Sabah attends the summit. AFP
    Kuwait's Crown Prince Sheikh Meshal Al Sabah attends the summit. AFP
  • Palestinian President Mahmoud Abbas attends the Arab League summit. Photo: Spa
    Palestinian President Mahmoud Abbas attends the Arab League summit. Photo: Spa
  • Jordan's King Abdullah II at the summit. Photo: Spa
    Jordan's King Abdullah II at the summit. Photo: Spa
  • Syrian President Bashar Al Assad participates in the summit in Jeddah. Photo: Spa
    Syrian President Bashar Al Assad participates in the summit in Jeddah. Photo: Spa
  • Sheikh Tamim, the Emir of Qatar, attends the summit. Photo: Spa
    Sheikh Tamim, the Emir of Qatar, attends the summit. Photo: Spa
  • Saudi Crown Prince Mohammed bin Salman addresses the summit. Photo: Spa
    Saudi Crown Prince Mohammed bin Salman addresses the summit. Photo: Spa
  • Egypt's President Abdul Fattah El Sisi participates in the summit in Jeddah. Photo: Spa
    Egypt's President Abdul Fattah El Sisi participates in the summit in Jeddah. Photo: Spa
  • Prince Mohammed speaks with Sheikh Tamim before the Arab League summit in Jeddah. Reuters
    Prince Mohammed speaks with Sheikh Tamim before the Arab League summit in Jeddah. Reuters
  • Prince Mohammed with Mr Zelenskyy before the Arab League summit in Jeddah. Reuters
    Prince Mohammed with Mr Zelenskyy before the Arab League summit in Jeddah. Reuters
  • Prince Mohammed with Egypt's Mr El Sisi ahead of the summit in Jeddah. Reuters
    Prince Mohammed with Egypt's Mr El Sisi ahead of the summit in Jeddah. Reuters
  • Prince Mohammed with Syria's Mr Al Assad in Jeddah. Reuters
    Prince Mohammed with Syria's Mr Al Assad in Jeddah. Reuters
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, with Prince Mohammed in Jeddah. Reuters
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, with Prince Mohammed in Jeddah. Reuters
  • Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, with Prince Badr bin Sultan, deputy governor of Makkah, after arriving in Jeddah for the 32nd Arab League summit. Reuters
    Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, with Prince Badr bin Sultan, deputy governor of Makkah, after arriving in Jeddah for the 32nd Arab League summit. Reuters
  • Arab leaders before the Arab League summit in Jeddah, Saudi Arabia. Reuters
    Arab leaders before the Arab League summit in Jeddah, Saudi Arabia. Reuters
  • Ukrainian President Volodymyr Zelenskyy is in Jeddah for the summit. Reuters
    Ukrainian President Volodymyr Zelenskyy is in Jeddah for the summit. Reuters
  • Prince Mohammed greets Mr Al Assad at the Arab League summit in Jeddah.
    Prince Mohammed greets Mr Al Assad at the Arab League summit in Jeddah.
  • Prince Badr greeting Mr Zelenskyy in Jeddah. EPA
    Prince Badr greeting Mr Zelenskyy in Jeddah. EPA
  • Mr Zelenskyy is welcomed as he arrives for the Arab League meeting. AFP
    Mr Zelenskyy is welcomed as he arrives for the Arab League meeting. AFP
  • Mr Zelenskyy is escorted to the Arab League summit. SPA
    Mr Zelenskyy is escorted to the Arab League summit. SPA
  • Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Minister of the Presidential Court, arrives at the Arab League Summit in Jeddah. Photo: UAE Presidential Court
    Sheikh Mansour bin Zayed, UAE Vice President, Deputy Prime Minister and Minister of the Presidential Court, arrives at the Arab League Summit in Jeddah. Photo: UAE Presidential Court
  • Jordan's King Abdullah arrives to attend the Arab League Summit. Reuters
    Jordan's King Abdullah arrives to attend the Arab League Summit. Reuters
  • Iraqi Prime Minister Mohammed Shia Al Sudani. Reuters
    Iraqi Prime Minister Mohammed Shia Al Sudani. Reuters
  • Prince Badr welcomes Morocco's Prince Moulay Rachid. AFP
    Prince Badr welcomes Morocco's Prince Moulay Rachid. AFP
  • Prince Badr with Algeria's Prime Minister Aimene Benabderrahmane after the latter's arrival in Jeddah to take part in the Arab League summit. AFP
    Prince Badr with Algeria's Prime Minister Aimene Benabderrahmane after the latter's arrival in Jeddah to take part in the Arab League summit. AFP
  • Prince Badr welcomes Mr Benabderrahmane in Jeddah. AFP
    Prince Badr welcomes Mr Benabderrahmane in Jeddah. AFP
  • Prince Badr welcomes Somalia’s President Hassan Sheikh Mohamud in Jeddah for the summit. AFP
    Prince Badr welcomes Somalia’s President Hassan Sheikh Mohamud in Jeddah for the summit. AFP
  • Prince Badr greets Mohamed Al Manfi, the head of Libya's Presidential Council, upon his arrival in Jeddah. AFP
    Prince Badr greets Mohamed Al Manfi, the head of Libya's Presidential Council, upon his arrival in Jeddah. AFP
  • Syria's Mr Al Assad meets Prince Badr before the Arab League summit. Reuters
    Syria's Mr Al Assad meets Prince Badr before the Arab League summit. Reuters
  • Palestinian President Mahmoud Abbas meets Tunisia's President Kais Saied. AFP
    Palestinian President Mahmoud Abbas meets Tunisia's President Kais Saied. AFP
  • Watching Mr Al Assad on TV in Damascus on the eve of the summit. AFP
    Watching Mr Al Assad on TV in Damascus on the eve of the summit. AFP
  • Saudi Foreign Minister Prince Faisal bin Farhan greets his Iraqi counterpart Fuad Hussein in Jeddah. Photo: Spa
    Saudi Foreign Minister Prince Faisal bin Farhan greets his Iraqi counterpart Fuad Hussein in Jeddah. Photo: Spa
  • Prince Badr receives Mr Al Assad. Photo: Spa
    Prince Badr receives Mr Al Assad. Photo: Spa
  • Prince Badr with Asaad bin Tariq Al Said, Oman's Deputy Prime Minister for International Relations and Co-operation Affairs. Photo: Spa
    Prince Badr with Asaad bin Tariq Al Said, Oman's Deputy Prime Minister for International Relations and Co-operation Affairs. Photo: Spa
  • Mr Al Assad talks to Ahmed Aboul Gheit, Secretary General of the Arab League, at Jeddah airport. Photo: Spa
    Mr Al Assad talks to Ahmed Aboul Gheit, Secretary General of the Arab League, at Jeddah airport. Photo: Spa
  • Prince Badr receives Tunisia's Mr Saied in Jeddah. Photo: Spa
    Prince Badr receives Tunisia's Mr Saied in Jeddah. Photo: Spa
  • Prince Badr, right, welcomes Oman's Mr Al Said. Photo: Spa
    Prince Badr, right, welcomes Oman's Mr Al Said. Photo: Spa
  • Prince Badr welcomes Mr Saied in Jeddah on the eve of the Arab League Summit. Photo: Spa
    Prince Badr welcomes Mr Saied in Jeddah on the eve of the Arab League Summit. Photo: Spa
  • Mr Al Assad arrives in Jeddah. Reuters
    Mr Al Assad arrives in Jeddah. Reuters
  • Prince Badr welcomes Palestine's Mr Abbas. AFP
    Prince Badr welcomes Palestine's Mr Abbas. AFP
  • Bahrain's King Hamad arrives in Jeddah for the Arab League Summit. AFP
    Bahrain's King Hamad arrives in Jeddah for the Arab League Summit. AFP
  • King Hamad meets Prince Badr, right, in Jeddah. Reuters
    King Hamad meets Prince Badr, right, in Jeddah. Reuters
  • Prince Badr welcomes Egypt's Mr El Sisi in Jeddah before the Arab League summit. AFP
    Prince Badr welcomes Egypt's Mr El Sisi in Jeddah before the Arab League summit. AFP
  • Lebanese Prime Minister Najib Mikati is received by Prince Badr as he arrives in Jeddah. Reuters
    Lebanese Prime Minister Najib Mikati is received by Prince Badr as he arrives in Jeddah. Reuters
  • Prince Badr meets Mr Abbas in the Saudi port city. AFP
    Prince Badr meets Mr Abbas in the Saudi port city. AFP
  • Prince Badr welcomes Mr Abbas to Jeddah before the summit. AFP
    Prince Badr welcomes Mr Abbas to Jeddah before the summit. AFP
  • Prince Badr walks with King Hamad in Jeddah. AFP
    Prince Badr walks with King Hamad in Jeddah. AFP

Syria’s Assad says Arab League has ‘historic opportunity’ to address regional future


Ismaeel Naar
  • English
  • Arabic

Syria’s President Bashar Al Assad, in his first address since returning to the Arab League on Friday, said the Arab world had a historic opportunity to discuss its future and focus on co-operation without further foreign interference.

Mr Al Assad began his speech in Jeddah by using an analogy of a doctor who cannot treat his patients “without knowing the symptoms” – a nod to his history as a dentist before he became President of Syria in 2000 after his father’s death.

“We are facing a historic opportunity to rearrange our situation,” Mr Al Assad told the Arab League. “Syria’s past, present and future are rooted in its Arab blood.”

Mr Al Assad, who returns to the Arab League following 12 years of isolation, spoke after Ukrainian President Volodymyr Zelenskyy addressed the body.

The Syrian leader urged the Arab League to revamp its system and mechanisms to “keep pace with the times”.

“The crises in the region are caused by cracks that have arisen in the Arab world,” he said.

“We must continue to prevent outside interference in our own internal affairs. There’s hope in the increasing Arab rapprochement and the launch of a new phase of joint action.”

Saudi Crown Prince Mohammed bin Salman began his address by calling for efforts to reduce conflict in the region.

“We assure friendly countries in the East and the West that we are moving forward in peace,” Prince Mohammed said.

“We will no longer allow for our region to be a zone filled by conflicts and aggression. We have to open a new page following the past.”

Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with Syria's President Bashar Al Assad. Reuters
Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with Syria's President Bashar Al Assad. Reuters

He also welcomed Mr Al Assad back to the Arab League and added that Riyadh hoped Syria’s return would mark the beginning of the end of the country's 12-year civil conflict.

The Saudi Crown Prince again said the kingdom was willing to mediate between Russia and Ukraine.

“We express the kingdom's readiness to continue mediating efforts between Russia and Ukraine and to support all international efforts aimed at resolving the crisis politically, in a way that contributes to achieving security and peace,” he said.

'Here for the sake of peace'

Mr Zelenskyy, the summit’s last-minute guest, said his first visit to Jeddah was intended to enhance Ukraine’s ties with the Arab world.

The Ukrainian leader said he would address the summit and discuss the treatment of Muslim Tatars living under Russian control in the Crimean peninsula. Russia annexed Crimea from Ukraine in 2014.

“I hope we are all here for the sake of peace and for the sake of justice,” Mr Zelenskyy told the audience.

“We do not have missiles as our enemies do, we have less air power, we do not have much artillery but we stay strong because we have truth on our side.

“Ukrainians have never chosen the war. Our troops didn’t go to other lands. We do not engage in annexations and plunder of other nations’ resources. We will never submit to any invaders and colonisers.”

The visit marks one of several international forays by the Ukrainian leader, but until now he has mostly visited allied countries.

During his speech, Mr Zelenskyy said some Arab leaders have “turned a blind eye” to some aspects of Russia’s invasion of his country.

“Unfortunately, there are some in the world and here, among you, who turn a blind eye to those cages and illegal annexations,” Mr Zelenskyy told the summit, urging delegates to “take an honest look” at the war.

Iraqi Prime Minister welcomes Syria return

Iraq’s Prime Minister Mohammed Al Sudani said in his address that Baghdad welcomed the return of Syria to the league and stressed its “support for a joint Arab action towards ending the regional conflicts”.

Mr Al Sudani called on the Arab League “to build an economic bloc [and] invest in Arab resources”.

He said the Iraqi people have “stood up and made the greatest sacrifices to protect Iraq, the region and the world”.

“We must investigate all angles of economic integration between our country, and therefore Iraq will host several conferences, including Baghdad 2023,” he said.

Meanwhile, before the summit in Jeddah on Friday, Mr Al Assad met Tunisian President Kais Saied.

Following months of diplomatic wrangling and efforts by Saudi Arabia and the UAE, Mr Al Assad, once viewed as a pariah, finally touched down in the coastal city last night after the kingdom managed to gather enough consensus to reinstate Syria.

Mr Al Assad appeared relaxed as he was greeted on the tarmac by Prince Badr bin Sultan, deputy governor of Makkah, along with Arab League Secretary General Ahmed Aboul Gheit and several Saudi officials.

The heads of states of the UAE, Kuwait, Morocco, Algeria, Oman, Sudan and Lebanon sent their deputies or representatives to the summit.

The Lost Letters of William Woolf
Helen Cullen, Graydon 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

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants

Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

Biog:

Age: 34

Favourite superhero: Batman

Favourite sport: anything extreme

Favourite person: Muhammad Ali 

Guardians%20of%20the%20Galaxy%20Vol%203
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJames%20Gunn%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Chris%20Pratt%2C%20Zoe%20Saldana%2C%20Dave%20Bautista%2C%20Vin%20Diesel%2C%20Bradley%20Cooper%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
FINAL LEADERBOARD

1. Jordan Spieth (USA) 65 69 65 69 - 12-under-par
2. Matt Kuchar (USA) 65 71 66 69 - 9-under
3. Li Haotong (CHN) 69 73 69 63 - 6-under
T4. Rory McIlroy (NIR) 71 68 69 67 - 5-under
T4. Rafael Cabrera-Bello (ESP) 67 73 67 68 - 5-under
T6. Marc Leishman (AUS) 69 76 66 65 - 4-under
T6. Matthew Southgate (ENG) 72 72 67 65 - 4-under
T6. Brooks Koepka (USA) 65 72 68 71 - 4-under
T6. Branden Grace (RSA) 70 74 62 70 - 4-under
T6. Alexander Noren (SWE)  68 72 69 67 - 4-under

THE SPECS

2020 Toyota Corolla Hybrid LE

Engine: 1.8 litre combined with 16-volt electric motors

Transmission: Automatic with manual shifting mode

Power: 121hp

Torque: 142Nm

Price: Dh95,900

Florence and the Machine – High as Hope
Three stars

Company profile

Name: Steppi

Founders: Joe Franklin and Milos Savic

Launched: February 2020

Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year

Employees: Five

Based: Jumeirah Lakes Towers, Dubai

Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings

Second round raised Dh720,000 from silent investors in June this year

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

Anxiety and work stress major factors

Anxiety, work stress and social isolation are all factors in the recogised rise in mental health problems.

A study UAE Ministry of Health researchers published in the summer also cited struggles with weight and illnesses as major contributors.

Its authors analysed a dozen separate UAE studies between 2007 and 2017. Prevalence was often higher in university students, women and in people on low incomes.

One showed 28 per cent of female students at a Dubai university reported symptoms linked to depression. Another in Al Ain found 22.2 per cent of students had depressive symptoms - five times the global average.

It said the country has made strides to address mental health problems but said: “Our review highlights the overall prevalence of depressive symptoms and depression, which may long have been overlooked."

Prof Samir Al Adawi, of the department of behavioural medicine at Sultan Qaboos University in Oman, who was not involved in the study but is a recognised expert in the Gulf, said how mental health is discussed varies significantly between cultures and nationalities.

“The problem we have in the Gulf is the cross-cultural differences and how people articulate emotional distress," said Prof Al Adawi. 

“Someone will say that I have physical complaints rather than emotional complaints. This is the major problem with any discussion around depression."

Daniel Bardsley

Scores in brief:

Boost Defenders 205-5 in 20 overs
(Colin Ingram 84 not out, Cameron Delport 36, William Somerville 2-28)
bt Auckland Aces 170 for 5 in 20 overs
(Rob O’Donnell 67 not out, Kyle Abbott 3-21).

Chelsea 2 Burnley 3
Chelsea
 Morata (69'), Luiz (88')
Burnley Vokes (24', 43'), Ward (39')
Red cards Cahill, Fabregas (Chelsea)

Profile Idealz

Company: Idealz

Founded: January 2018

Based: Dubai

Sector: E-commerce

Size: (employees): 22

Investors: Co-founders and Venture Partners (9 per cent)

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
RIVER%20SPIRIT
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ELeila%20Aboulela%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Saqi%20Books%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20320%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
'Gold'

Director:Anthony Hayes

Stars:Zaf Efron, Anthony Hayes

Rating:3/5

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test India won by innings and 53 runs at Colombo
  • 3rd Test August 12-16 at Pallekele
What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Defence review at a glance

• Increase defence spending to 2.5% of GDP by 2027 but given “turbulent times it may be necessary to go faster”

• Prioritise a shift towards working with AI and autonomous systems

• Invest in the resilience of military space systems.

• Number of active reserves should be increased by 20%

• More F-35 fighter jets required in the next decade

• New “hybrid Navy” with AUKUS submarines and autonomous vessels

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Aahid Al Khalediah II, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Whistle, Harry Bentley, Abdallah Al Hammadi

6pm: Wathba Stallions Cup - Maiden (PA) Dh70,000 (T) 1,600m; Winner: Alsaied, Szczepan Mazur, Ibrahim Al Hadhrami

6.30pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Mumayaza, Antonio Fresu, Eric Lemartinel

7pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7.30pm: President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Medahim, Richard Mullen, Satish Seemar

RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Raghida, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Maiden (PA) Dh80,000 1,600m
Winner: AF Alareeq, Connor Beasley, Ahmed Al Mehairbi
6pm: Arabian Triple Crown Round-2 Group 3 (PA) Dh300,000 2,200m 
Winner: Basmah, Fabrice Veron, Eric Lemartinel
6.30pm: Liwa Oasis Group 2 (PA) Dh300,000 1,400m
Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel
7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,600m
Winner: SS Jalmod, Richard Mullen, Satish Seemar
7.30pm: Handicap (TB) Dh100,000 1,600m
Winner: Trolius, Ryan Powell, Simon Crisford

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

Favourite subjects in school: Mathematics and science

The drill

Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.

Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”

Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”

Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.” 

Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Updated: May 20, 2023, 4:00 AM