Now that a gruelling school term has ended, it's finally time to plonk down the books and start enjoying our spring break. There seemed no better way to charge our batteries than a fun-filled day spent out at sea, taking out dinghies under the watchful eyes of a sailing instructor.
We always seem to be on the lookout for new, exciting ways to while away our time. It was relatively easy convincing our stingy financial backers to dish up the dosh for a sailing lesson because while they are by no means inexpensive, they are something you can collect fancy certificates for, endorsed by the Royal Yachting Association, and are therefore "educational".
I wouldn't be so keen on recommending them for those with weak stomachs. Having learnt from a couple of previous lessons I've taken, though, seasickness can be avoided by getting up at a ridiculously unearthly hour for holidays (8am) and giving your breakfast time to digest. Sailing is a relaxing sort of activity, because after managing to get thoroughly wet launching the boat, you can spend the next hour simply sitting and drifting waiting for your clothes to dry off and admiring the sparkling ripples on the water. By the time all the water's evaporated, though, it always happens to be late evening and it's time to dock, which means that you get wet all over again and have to change.
Confident in the assumption that I'd done this all before - three months ago - I didn't bother waiting for our instructor to help me rig up my Pico, and even dragged it down to sea and set sail feeling rather smug as my friends looked on. Perhaps no one likes a show-off but it's a good feeling being one all the same. As was bound to happen, though, my poorly-fixed rudder fell off before I'd barely left the shallow bit. Rather foolishly I didn't frantically grab at it immediately, thinking that I would do a 180-degree turn, pick it up, fix it back on again, and keep sailing, cool as a cucumber. This would have worked out very well but I'd forgotten one tiny thing: I couldn't do a 180 turn, or steer in any direction for that matter, without a rudder.
I ended up jumping out of the boat rather unceremoniously and paddling back to the safety of the shore, clutching the retrieved rudder, while my unfortunate boat drifted out to sea and had to be rescued by a rather irritated instructor. It turned out I hadn't rigged it up properly at all. I think it gave the instructor a vindictive pleasure to untangle the mess of ropes I had randomly forced through cleats and demonstrate how to do them again using my boat as the example. It would have been nicer if he hadn't opened this session with a raised eyebrow at my bedraggled dinghy and an acid "This, is how not to do it," but one lives and learns.
The wind was thankfully light, which was apparently "boring" but I wouldn't have been able to stomach going any faster - literally. We were all extremely dizzy after an hour of simply going round and round a fixed buoy in the middle of the sea, so we could perfect our tacking and jibing. It was a relief when our instructor called out a cheery "time for a break", but it turned out our "break" was learning what to do in an emergency situation if your boat capsizes.
The hardest bit was getting the boat to capsize. When it did flip over, I got stuck under the sail underwater, so ended up swallowing copious amounts of brine as I tried to hold my breath for about a minute. Swimming around fully clothed isn't a particularly agreeable experience but we all did manage to bring our boats back up again after some initial squealing and horrified cries of "my hair's getting wet!" Which, actually, has a pretty high probability of happening if you've voluntarily thrown yourself into the waters of the Arabian Gulf.
The rest of the day passed without incident, and we were presented with a lovely certificate. A steaming hot, hearty meal of fish and chips at the club restaurant wrapped up the course. Nature seemed to be celebrating with us: the usually snooty cats that wander around the sailing club ambled over and settled at our feet - though that might be due to the bits of fish Vanessa kept dropping as she wolfed down her haddock. All we needed really to complete our professional sailor vibe were some stripes and a mast tattoo; It's amazing how you get into the role so much better when you're safely on land.
The writer is a 15-year-old student in Dubai.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Squad
Ali Kasheif, Salim Rashid, Khalifa Al Hammadi, Khalfan Mubarak, Ali Mabkhout, Omar Abdulrahman, Mohammed Al Attas, Abdullah Ramadan, Zayed Al Ameri (Al Jazira), Mohammed Al Shamsi, Hamdan Al Kamali, Mohammed Barghash, Khalil Al Hammadi (Al Wahda), Khalid Essa, Mohammed Shaker, Ahmed Barman, Bandar Al Ahbabi (Al Ain), Al Hassan Saleh, Majid Suroor (Sharjah) Walid Abbas, Ahmed Khalil (Shabab Al Ahli), Tariq Ahmed, Jasim Yaqoub (Al Nasr), Ali Saleh, Ali Salmeen (Al Wasl), Hassan Al Muharami (Baniyas)
UAE SQUAD
Omar Abdulrahman (Al Hilal), Ali Khaseif, Ali Mabkhout, Salem Rashed, Khalifa Al Hammadi, Khalfan Mubarak, Zayed Al Ameri, Mohammed Al Attas (Al Jazira), Khalid Essa, Ahmed Barman, Ryan Yaslam, Bandar Al Ahbabi (Al Ain), Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmin (Al Wasl), Adel Al Hosani, Ali Hassan Saleh, Majed Suroor (Sharjah), Ahmed Khalil, Walid Abbas, Majed Hassan, Ismail Al Hammadi (Shabab Al Ahli), Hassan Al Muharrami, Fahad Al Dhahani (Bani Yas), Mohammed Al Shaker (Ajman)
The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
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Global state-owned investor ranking by size
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China
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UAE
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Japan
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Norway
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Canada
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Who has lived at The Bishops Avenue?
- George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
- Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
- Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
- Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills.
Hunting park to luxury living
- Land was originally the Bishop of London's hunting park, hence the name
- The road was laid out in the mid 19th Century, meandering through woodland and farmland
- Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds
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%3Cp%3ECompany%20name%3A%20Shipsy%3Cbr%3EYear%20of%20inception%3A%202015%3Cbr%3EFounders%3A%20Soham%20Chokshi%2C%20Dhruv%20Agrawal%2C%20Harsh%20Kumar%20and%20Himanshu%20Gupta%3Cbr%3EBased%3A%20India%2C%20UAE%20and%20Indonesia%3Cbr%3ESector%3A%20logistics%3Cbr%3ESize%3A%20more%20than%20350%20employees%3Cbr%3EFunding%20received%20so%20far%3A%20%2431%20million%20in%20series%20A%20and%20B%20rounds%3Cbr%3EInvestors%3A%20Info%20Edge%2C%20Sequoia%20Capital%E2%80%99s%20Surge%2C%20A91%20Partners%20and%20Z3%20Partners%3C%2Fp%3E%0A
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: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.