• Seen here at the 2021 Met Gala, singer Billie Eilish will celebrate her 21st birthday in 2022. EPA
    Seen here at the 2021 Met Gala, singer Billie Eilish will celebrate her 21st birthday in 2022. EPA
  • The model Kaia Gerber, seen here at the 2021 Met Gala at the Metropolitan Museum of Art, New York, will turn 21 in 2022. AFP
    The model Kaia Gerber, seen here at the 2021 Met Gala at the Metropolitan Museum of Art, New York, will turn 21 in 2022. AFP
  • Also turning 21 this year is 'Stranger Things' actor Caleb McLaughlin, seen here with Idris Elba in 'Concrete Cowboy'. Netflix
    Also turning 21 this year is 'Stranger Things' actor Caleb McLaughlin, seen here with Idris Elba in 'Concrete Cowboy'. Netflix
  • Actress and activist Rowan Blanchard will turn 21 in 2022. Getty Images
    Actress and activist Rowan Blanchard will turn 21 in 2022. Getty Images
  • Singer Miley Cyrus will celebrate her 30th birthday in 2022. Reuters
    Singer Miley Cyrus will celebrate her 30th birthday in 2022. Reuters
  • Rapper Cardi B, winner of the Favourite Hip-Hop Song award at the American Music wards2021, can add turning 30 to her list of achievements in 2022. Reuters
    Rapper Cardi B, winner of the Favourite Hip-Hop Song award at the American Music wards2021, can add turning 30 to her list of achievements in 2022. Reuters
  • Model Cara Delevingne, seen here on the Chanel runway with Karl Lagerfeld, is turning 30 this year. Getty Images
    Model Cara Delevingne, seen here on the Chanel runway with Karl Lagerfeld, is turning 30 this year. Getty Images
  • US singer Nick Jonas, seen here with his wife Priyanka Chopra at the Fashion Awards 2021, will celebrate turning 30 in 2022. EPA
    US singer Nick Jonas, seen here with his wife Priyanka Chopra at the Fashion Awards 2021, will celebrate turning 30 in 2022. EPA
  • Former Disney child star and singer Demi Lovato will turn 30 in 2022. Reuters
    Former Disney child star and singer Demi Lovato will turn 30 in 2022. Reuters
  • Singer Selena Gomez will turn 30 in 2022. AP
    Singer Selena Gomez will turn 30 in 2022. AP
  • 'Twilight' star Taylor Lautner will celebrate his 30th birthday in 2022. He is seen here with Lily Collins star in the action-thriller 'Abduction'. Photo: DataBean
    'Twilight' star Taylor Lautner will celebrate his 30th birthday in 2022. He is seen here with Lily Collins star in the action-thriller 'Abduction'. Photo: DataBean
  • Brazilian and Paris Saint-Germain footballer Neymar Jr will be 30 in 2022. Photo: Puma
    Brazilian and Paris Saint-Germain footballer Neymar Jr will be 30 in 2022. Photo: Puma
  • Seth Rogan, seen here in the film 'The Interview'' with James Franco, is turning 40 in 2022. Photo: Columbia Pictures
    Seth Rogan, seen here in the film 'The Interview'' with James Franco, is turning 40 in 2022. Photo: Columbia Pictures
  • Also turning 40 in 2022 is actress Jessica Biel, seen here with her husband Justin Timberlake. AP
    Also turning 40 in 2022 is actress Jessica Biel, seen here with her husband Justin Timberlake. AP
  • Actress Kirsten Dunst, who started out as a child actress at age 12, turns 40 this year. AFP
    Actress Kirsten Dunst, who started out as a child actress at age 12, turns 40 this year. AFP
  • Star of 'The Devil Wears Prada', actress Anne Hathaway turns the big 4-0 in 2022. AP
    Star of 'The Devil Wears Prada', actress Anne Hathaway turns the big 4-0 in 2022. AP
  • Tom Cruise, one of Hollywood's biggest stars and famous for doing all of his own stunts, will be 60 in 2022. He is seen here with Simon Pegg, Rebecca Ferguson, and Ving Rhames in 'Mission: Impossible – Fallout.' Photo: Paramount Pictures
    Tom Cruise, one of Hollywood's biggest stars and famous for doing all of his own stunts, will be 60 in 2022. He is seen here with Simon Pegg, Rebecca Ferguson, and Ving Rhames in 'Mission: Impossible – Fallout.' Photo: Paramount Pictures
  • Actress Jennifer Garner will celebrate her 50th birthday this year. AP
    Actress Jennifer Garner will celebrate her 50th birthday this year. AP
  • 'Charlie's Angels' actress Cameron Diaz turns 50 in August. Getty Images
    'Charlie's Angels' actress Cameron Diaz turns 50 in August. Getty Images
  • Actor Idris Elba, famous for his roles in 'The Wire' and 'Luther' also turns 50 this year. WireImage
    Actor Idris Elba, famous for his roles in 'The Wire' and 'Luther' also turns 50 this year. WireImage
  • Actress and Goop lifestyle website founder Gwyneth Paltrow turns 50 this year. AP
    Actress and Goop lifestyle website founder Gwyneth Paltrow turns 50 this year. AP
  • 'The Holiday' actor Jude Law will celebrate his 50th birthday in 2022. Getty Images
    'The Holiday' actor Jude Law will celebrate his 50th birthday in 2022. Getty Images
  • 'Modern Family' actress Sofía Vergara turns 50 this year. Getty Images
    'Modern Family' actress Sofía Vergara turns 50 this year. Getty Images
  • Eminem, rapper and star of the film '8 Mile', is turning 50 this year. AP
    Eminem, rapper and star of the film '8 Mile', is turning 50 this year. AP
  • Former NBA player Shaquille O'Neal, left, seen here with LA Lakers teammate Kobe Bryant in 2004, with turn 50 this year. Getty Images
    Former NBA player Shaquille O'Neal, left, seen here with LA Lakers teammate Kobe Bryant in 2004, with turn 50 this year. Getty Images
  • Wrestler-turned-actor Dwayne Johnson will turn 50 in 2022. He is seen here at the premiere of 'Red Notice' on November 3, 2021. Reuters
    Wrestler-turned-actor Dwayne Johnson will turn 50 in 2022. He is seen here at the premiere of 'Red Notice' on November 3, 2021. Reuters
  • Another actor turning 50 this year is Ben Affleck, seen here with Jennifer Lopez at the premiere of 'The Last Duel', in 2021. Reuters
    Another actor turning 50 this year is Ben Affleck, seen here with Jennifer Lopez at the premiere of 'The Last Duel', in 2021. Reuters
  • 'The Grinch' star Jim Carrey will be 60 this year. AFP
    'The Grinch' star Jim Carrey will be 60 this year. AFP
  • Ralph Fiennes, shown here in the Netflix film 'The Dig', with Carey Mulligan, will be 60 in 2022. Photo: Netflix
    Ralph Fiennes, shown here in the Netflix film 'The Dig', with Carey Mulligan, will be 60 in 2022. Photo: Netflix
  • Seen here at the 74th Cannes Film Festival in July 2021, where she received the honorary Palme d'Or prize, Jodie Foster will turn 60 in 2022. Reuters
    Seen here at the 74th Cannes Film Festival in July 2021, where she received the honorary Palme d'Or prize, Jodie Foster will turn 60 in 2022. Reuters
  • Steve Carell, star of 'The Office' and 'Evan Almighty' will celebrate his 60th birthday in 2022. AFP
    Steve Carell, star of 'The Office' and 'Evan Almighty' will celebrate his 60th birthday in 2022. AFP
  • Michelle Yeoh is another film star who does all of her own stunts, and who is turning 60 this year. Getty Images
    Michelle Yeoh is another film star who does all of her own stunts, and who is turning 60 this year. Getty Images
  • Also turning 60 in 2022 is 'Ghost' star Demi Moore. Reuters
    Also turning 60 in 2022 is 'Ghost' star Demi Moore. Reuters

Celebrity birthdays: stars celebrating milestone ages in 2022


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As the fireworks and celebrations around the world ushered out one year and welcomed in the next, it also heralded the arrival of a milestone birthday for many celebrities.

As these athletes, singers and actors all prepare to bid farewell to one decade, and embark on the next, we round up the birthdays of note.

Stars turning 21 in 2022

Billie Eilish

Date of birth: December 18, 2001

Billie Eilish, seen here arriving for the Variety 2021 Music Hitmakers Brunch, Los Angeles, December 2021, will turn 21 in 2022.
Billie Eilish, seen here arriving for the Variety 2021 Music Hitmakers Brunch, Los Angeles, December 2021, will turn 21 in 2022.

The award-winning singer Billie Eilish, who became the youngest person ever to win a Grammy in 2020, and has already recorded a James Bond film's title track, will celebrate her 21st birthday on December 18.

Kaia Gerber

Date of birth: September 3, 2001

Daughter of one of the original "supermodels", Cindy Crawford, Gerber made her runway debut aged just 16, walking for Raf Simon's Calvin Klein Collection. Since then, she has appeared on runways for most major fashion brands.

Caleb McLaughlin

Date of birth: October 13, 2001

Best known for playing Lucas Sinclair in the Netflix series Stranger Things, he earned a Screen Actors Guild Award for Outstanding Performance with the rest of the cast.

Rowan Blanchard

Date of birth: October 14, 2001

An actress and activist, Blanchard protests on issues of gun violence, human rights and feminism, and has addressed the UN Women and US National Committee, campaigning for feminist rights.

Stars turning 30 in 2022

Paris Saint-Germain player Neymar, from Brazil, will hit 30 this year. AP
Paris Saint-Germain player Neymar, from Brazil, will hit 30 this year. AP

Neymar

Date of birth: February 5, 1992

Neymar Jr, widely regarded as one of the best football players in the world, and who plays for Paris Saint-Germain and the Brazilian international team, turns 30 on February 5.

Taylor Lautner

Date of birth: February 11, 1992

Best known for playing shape-shifter Jacob Black in The Twilight Saga film series, he will be celebrating his 30th birthday on February 11.

Selena Gomez

Date of birth: July 22, 1992

Selena Gomez, the third most followed woman on Instagram and Come & Get It singer, will celebrate her 30th birthday this summer.

Demi Lovato

Date of birth: August 20, 1992

Another famous Disney alumnus to celebrate 30 this year is Demi Lovato. The performer, who starred in the children's television series Barney & Friends and Camp Rock, is now better known for their singing and will turn 30 on August 20.

Nick Jonas

Date of birth: September 16, 1992

Jonas Brother, Lovato's fellow Camp Rock star and husband of Priyanka Chopra, Nick Jonas will be blowing out candles on September 16.

Cara Delevingne

Date of birth: August 12, 1992

Model, actress and the youngest of the Delevingne sisters, Cara Delevingne turns 30 on August 12.

Cardi B

Date of birth: October 11, 1992

To host the American Music Awards in November, singer Cardi B wore a black and purple feather dress by Lebanese designer Jean-Louis Sabaji. Getty
To host the American Music Awards in November, singer Cardi B wore a black and purple feather dress by Lebanese designer Jean-Louis Sabaji. Getty

Cardi B, who in 2018 became the first woman to win the Grammy Award for Best Rap Album as a solo artist, and who has eight Billboard Music Awards, five Guinness World Records and six American Music Awards, and has been streamed over one billion times on Spotify, turns the big 3-0 on October 11.

Miley Cyrus

Date of birth: November 23, 1992

Like Lovato, Gomez and Jonas, Miley Cyrus rose the ranks at Disney care of Hannah Montana, and it feels like she has been famous for a lifetime. The singer, who has vastly turned her back on acting, will celebrate turning 30 this November.

Stars turning 40 in 2022

Seth Rogen

Date of birth: April 15, 1982

Seth Rogan, right, is about to turn 40. He is seen here with Joseph Gordon-Levitt in '50/50'. Photo: Summit Entertainment
Seth Rogan, right, is about to turn 40. He is seen here with Joseph Gordon-Levitt in '50/50'. Photo: Summit Entertainment

A Judd Apatow favourite, the Canadian comedian broke out in Freaks and Geeks, and has gone on to star in Anchorman: The Legend of Ron Burgundy, Superbad, Drillbit Taylor and Knocked Up with the comedy director, producer and screenwriter.

Jessica Biel

Date of birth: March 3, 1982

The actress who starred alongside Edward Norton in The Illusionist, and more recently in Netflix hit The Sinner, is married to singer Justin Timberlake. The couple have two sons, Silas and Phineas Timberlake.

Kirsten Dunst

Date of birth: April 30, 1982

Kirsten Dunst arrives at 'The Power of the Dog' during the American Film Institute festival on November 11, 2021. In 2022, Dunst will turn 40. AP
Kirsten Dunst arrives at 'The Power of the Dog' during the American Film Institute festival on November 11, 2021. In 2022, Dunst will turn 40. AP

Dunst first appeared in the film Interview with the Vampire: The Vampire Chronicles aged only 12, before going on to star as Mary Jane in the first Spider-Man films. She has twice worked with director Sofia Coppola, starring in The Virgin Suicides and Marie Antoinette.

Anne Hathaway

Date of birth: November 12, 1982

Having starred as the long-suffering assistant in The Devil Wears Prada with Meryl Streep, Hathaway then sang her way through Les Miserables, a role that bagged her an Oscar for Best Supporting Actress.

Stars turning 50 in 2022

Eminem

Date of birth: October 17, 1972

Eminem, who turns 50 in 2022, is seen performing at the 92nd Oscars at the Dolby Theatre in Hollywood, California. AFP
Eminem, who turns 50 in 2022, is seen performing at the 92nd Oscars at the Dolby Theatre in Hollywood, California. AFP

The perennially baby-faced rapper, and 8 Mile star, Eminem, whose real name is Marshall Bruce Mathers III, will turn 50 on October 17.

Shaquille O’ Neal

Date of birth: March 6, 1972

Standing at 2.16 metres tall, former professional NBA is known as simply "Shaq", and will celebrate his 50th birthday this year.

Dwayne 'The Rock' Johnson

Date of birth: May 2, 1972

The world's highest-paid actor of 2020, the wrestler-turned-action star has appeared in Baywatch, Jumanji reboots and numerous Fast & Furious films, as well as voicing the character of Maui in the animated movie Moana.

Sofia Vergara

Date of birth: July 10, 1972

The Colombian-American actress is best known for playing Gloria in the television sitcom Modern Family, and for being a judge on the ongoing America's Got Talent.

Cameron Diaz

Date of birth: August 30, 1972

'Charlie's Angels' actress Cameron Diaz turns 50 in August this year. Getty
'Charlie's Angels' actress Cameron Diaz turns 50 in August this year. Getty

Having started out as a model, Dias appeared alongside Jim Carrey in the 1994 film The Mask, however, she is probably best known for There's Something About Mary, Being John Malkovich and Charlie's Angels.

Idris Elba

Date of birth: September 6, 1972

Once tipped as the next James Bond, Elba played Stringer Bell in the HBO series The Wire, DCI John Luther in the BBC One series Luther, and Nelson Mandela in the biographical film Mandela: Long Walk to Freedom.

Gwyneth Paltrow

Date of birth: September 27, 1972

Actress and Goop founder Gwyneth Paltrow turns 50 this year. AP
Actress and Goop founder Gwyneth Paltrow turns 50 this year. AP

The star of Se7en, Shakespeare in Love (for which she won the Oscar for Best Actress) and founder of the lifestyle site Goop, Paltrow is set to turn 50 this year.

Ben Affleck

Date of birth: August 15, 1972

Affleck won an Oscar for Best Original Screenplay in 1997 for Good Will Hunting, a film that he wrote with his childhood friend Matt Damon. Since then, he has starred in Armageddon and Pearl Harbor, but is now in the news for his relationship with Jennifer Lopez.

Jennifer Garner

Date of birth: April 17, 1972

Like ex-husband Affleck, Garner is turning 50 this year. The acclaimed 13 Going on 30, Alias and Dallas Buyers Club actress is mum to three children, Violet, Seraphina and Samuel.

Jude Law

Date of birth: December 29, 1972

British actor Jude Law, who plays a young Albus Dumbledore in the Fantastic Beasts franchise, turns 50 at the end of this year. Law is dad to six children; three with ex-wife actress Sadie Frost, Rafferty, 25, Iris, 21, and Rudy, 19; Sophia, 12, with American model Samantha Burke; Ada, 6, with British singer Catherine Harding; and a baby, aged 1, with current wife, Phillipa Coan.

Stars turning 60 in 2022

Jim Carrey

Date of birth: January 17, 1962

Actor Jim Carrey poses for photographers at the photocall of the film 'Jim & Andy: The Great Beyond'. AP
Actor Jim Carrey poses for photographers at the photocall of the film 'Jim & Andy: The Great Beyond'. AP

Star of The Mask, Man on the Moon, The Truman Show and Eternal Sunshine of the Spotless Mind will celebrate turning 60 on January 17. Carrey is already a grandfather, having become one at age 48 when his daughter Jane Carrey had a son in 2010.

Tom Cruise

Date of birth: July 3, 1962

Star of Top Gun, Rain Man, Born on the Fourth of July, and Jerry Maguire, Cruise is famous for doing his own stunts, such as in the Mission: Impossible franchise, for which he was suspended on the outside of the Burj Khalifa.

Michelle Yeoh

Date of birth: August 6, 1962

Malaysian actress Michelle Yeoh turns 60 in 2022. AP
Malaysian actress Michelle Yeoh turns 60 in 2022. AP

A former Miss Malaysia pageant winner, Yeoh found fame in Hong Kong action films during the 1990s where she did all her own stunts. She found international fame for the 2000 film Crouching Tiger, Hidden Dragon, going on to appear in Memoirs of a Geisha, and lending her voice to Kung Fu Panda 2.

Steve Carell

Date of birth: August 16, 1962

Star of the American version of The Office, Carell also appeared in Anchorman: The Legend of Ron Burgundy (2004), and Little Miss Sunshine (2006), and Crazy, Stupid, Love (2011). Carell is also the voice of Gru, the supervillain in the animated films Despicable Me and Minions.

Demi Moore

Date of birth: November 11, 1962

A member of the so-called Brat Pack in the 1980s, Moore appeared in St Elmo's Fire before going on to make Ghost, Indecent Proposal and A Few Good Men.

Jodie Foster

Date of birth: November 19, 1962

Widely regarded as one of the foremost acting talents of her generation, Foster has starred in Taxi Driver, the musical Bugsy Malone, The Accused, Silence of the Lambs and Panic Room, before switching to mainly directing, including episodes of Orange Is the New Black, House of Cards and Black Mirror.

Ralph Fiennes

Date of birth: December 22, 1962

Ralph Fiennes, who is turning 60 this year, as M in 'No Time To Die.' Photo: Metro Goldwyn Mayer Pictures
Ralph Fiennes, who is turning 60 this year, as M in 'No Time To Die.' Photo: Metro Goldwyn Mayer Pictures

A stage and cinema actor, Fiennes has won numerous awards for his portrayal in Shakespearean plays, and appearing in the films Schindler's List, The English Patient, The Constant Gardener and The Duchess, while some will know him best as Lord Voldemort in the Harry Potter films and as M in the most recent James Bond films.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

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Gulf Under 19s final

Dubai College A 50-12 Dubai College B

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Tamkeen's offering
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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
How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

War and the virus
UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

Top financial tips for graduates

Araminta Robertson, of the Financially Mint blog, shares her financial advice for university leavers:

1. Build digital or technical skills: After graduation, people can find it extremely hard to find jobs. From programming to digital marketing, your early twenties are for building skills. Future employers will want people with tech skills.

2. Side hustle: At 16, I lived in a village and started teaching online, as well as doing work as a virtual assistant and marketer. There are six skills you can use online: translation; teaching; programming; digital marketing; design and writing. If you master two, you’ll always be able to make money.

3. Networking: Knowing how to make connections is extremely useful. Use LinkedIn to find people who have the job you want, connect and ask to meet for coffee. Ask how they did it and if they know anyone who can help you. I secured quite a few clients this way.

4. Pay yourself first: The minute you receive any income, put about 15 per cent aside into a savings account you won’t touch, to go towards your emergency fund or to start investing. I do 20 per cent. It helped me start saving immediately.

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

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Confederations Cup Group B

Germany v Chile

Kick-off: Thursday, 10pm (UAE)

Where: Kazan Arena, Kazan

Watch live: Abu Dhabi Sports HD

What is an ETF?

An exchange traded fund is a type of investment fund that can be traded quickly and easily, just like stocks and shares. They come with no upfront costs aside from your brokerage's dealing charges and annual fees, which are far lower than on traditional mutual investment funds. Charges are as low as 0.03 per cent on one of the very cheapest (and most popular), Vanguard S&P 500 ETF, with the maximum around 0.75 per cent.

There is no fund manager deciding which stocks and other assets to invest in, instead they passively track their chosen index, country, region or commodity, regardless of whether it goes up or down.

The first ETF was launched as recently as 1993, but the sector boasted $5.78 billion in assets under management at the end of September as inflows hit record highs, according to the latest figures from ETFGI, a leading independent research and consultancy firm.

There are thousands to choose from, with the five largest providers BlackRock’s iShares, Vanguard, State Street Global Advisers, Deutsche Bank X-trackers and Invesco PowerShares.

While the best-known track major indices such as MSCI World, the S&P 500 and FTSE 100, you can also invest in specific countries or regions, large, medium or small companies, government bonds, gold, crude oil, cocoa, water, carbon, cattle, corn futures, currency shifts or even a stock market crash. 

Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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

Updated: January 04, 2022, 6:43 AM