If the recent UAE weather has not been a part of your conversation then, quite frankly, we can never be friends.
As a British person, talking, sorry, obsessing, about the weather is not only a national pastime, it is also coded deep into my DNA. It is as much a part of my cultural heritage as tea, fish and chips and getting overly excited at finding Greggs sausage rolls in the freezer section of Spinneys.
Just as there are more than 50 Inuit words for snow, so too are there dozens of unspoken implications, meta revelations and intricate subtleties around British weather-based lexicon. For example, being told: “I’d take an umbrella if I were you”, is the British equivalent of a full-on, alarms blaring, reactor-meltdown of a weather warning – no matter how casually it is likely to be delivered.
One of the accusations levied against Brits (and, yes, I know there are many) is that we are a suspicious bunch. If you try to chat to us on public transport, we are instantly wondering what it is you really want, while being offered a free sample in a shop can bring about an existential crisis (Why? Why are you giving this to me?)
The root of our suspicious nature is simple: the weather. When you can cycle through all four seasons in one day, leaving the house in shorts and T-shirt and returning in some hastily bought wellies, rain mac and umbrella, you become deeply suspicious that the world is not quite what it seems.
Brits of a certain age have never quite recovered from the storm of 1987, a cyclone that swept through the UK on October 15 and 16, reaching gale force speeds of 190kph (yes, we hear you in the Caribbean, Asia and the Philippines calling us wimps!), and which downed 15 million trees, ripped roofs off houses, beached ferries and knocked out power lines.
The day before the worst storm to hit Britain in 300 years made landfall, the nation’s premier meteorologist, Michael Fish, went on national television and said: “Earlier on today apparently a woman rang the BBC and said she heard there was a hurricane on the way. Well, if you’re watching, don’t worry, there isn’t.”
Putting aside the fact that in the 1980s, Britain was still so quaint that you could call up the national broadcaster and have your message delivered to the main man (kind of like phoning Amazon and getting through to Jeff Bezos), a generation’s trust issues over this have never quite been resolved.
Even in the UAE, where I have now lived for more than a decade, I start with an observational: 'It’s hot/ cold/ wet out.' A gentle lobbing of the conversational ball into their court to see if they’ll play
In the same way that different cultures around the world have a relationship with the land that connects and anchors them to the mountains, plains, rocks and rivers, British people have that too – but with the skies. The clouds, the patches of blue, the sunny Bank Holiday, the drizzly Guy Fawkes night … for a supposedly glass-half-empty nation, we spend an awful lot of time looking up.
Just as the first rule about Fight Club is that you don’t talk about Fight Club, the first rule of talking about the weather is that it is never actually about the weather. Sure, there are the weather chats you have with family and friends. The ones that dissolve into a competition about who is sweating the most in the heat, whose mascara ran fastest in the rain or whose hair became most uncontrollable in the humidity. It should be noted that coming first in any or all of these is a badge of honour.
Then there are the weather chats with strangers, the whole point of which is to lead you on to other topics, such as the fact that their dress is just ideal for this time of year and where did they buy it because you’ve been looking for one just like it and, oh my gosh, I can’t believe it has pockets!
The casual: “What do you think of this [insert current weather situation here]?” as a conversational icebreaker with a stranger at a wedding/ party/ BBQ is a tried-and-tested method for figuring out if this unknown person into whose company you’ve been thrust, is going to be worth chatting to for the new few hours. Or, if you’re going to be hiding behind other people all night to avoid them.
Even in the UAE, where I have now lived for nearly two decades, I start with an observational: “It’s hot/ cold/ wet out.” A gentle lobbing of the conversational ball into their court to see if they’ll play. If I get a non-committal “Hmmm” in return, a brief “yes/ no”, or no opinion at all, I simply move on.
The weather is a safe space for even the most ardent conversational philistine, so if they cannot engage on that level there is no way that by 10.30pm you’ll be best friends, discussing Taylor Swift lyrics and planning a holiday together to Marbella.
It’s time to stop thinking of a conversation about the weather as the fusty, old-fashioned crutch of the unimaginative conversationalist. Instead, appreciate it for what the British have long known: that it’s an easy, risk-free way of dipping your toe in the conversational waters before fully committing to the plunge.
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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Killing of Qassem Suleimani
RESULTS
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PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
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
Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
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
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
The biog
Favourite Quote: “Real victories are those that protect human life, not those that result from its destruction emerge from its ashes,” by The late king Hussain of Jordan.
Favourite Hobby: Writing and cooking
Favourite Book: The Prophet by Gibran Khalil Gibran
Players Selected for La Liga Trials
U18 Age Group
Name: Ahmed Salam (Malaga)
Position: Right Wing
Nationality: Jordanian
Name: Yahia Iraqi (Malaga)
Position: Left Wing
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Name: Mohammed Bouherrafa (Almeria)
Position: Centre-Midfield
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Name: Mohammed Rajeh (Cadiz)
Position: Striker
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U16 Age Group
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How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
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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.
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
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Liverpool 4-1 Shrewsbury
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Man of the Match: Kaide Gordon (Liverpool)
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