• From left, Catherine Muldoon, Miss Teen USA New York, Melania Knauss, Donald Trump and Jaclyn Nesheiwat (Stapp), Miss USA New York, in June 2004. Getty Images
    From left, Catherine Muldoon, Miss Teen USA New York, Melania Knauss, Donald Trump and Jaclyn Nesheiwat (Stapp), Miss USA New York, in June 2004. Getty Images
  • Musician Scott Stapp, centre, then Miss USA Shandi Finnessey and Miss New York Jaclyn Nesheiwat at the 8th annual Muscular Dystrophy Association's Muscle Team 2005 Gala at Chelsea Pier's in New York City. Getty Images
    Musician Scott Stapp, centre, then Miss USA Shandi Finnessey and Miss New York Jaclyn Nesheiwat at the 8th annual Muscular Dystrophy Association's Muscle Team 2005 Gala at Chelsea Pier's in New York City. Getty Images
  • From left, Dr Janette Nesheiwat, Hayat Nesheiwat and founder of Children Are Magical, Jaclyn Stapp, attend the 2018 Charm Back To School Bash in August 2018 in Nashville, Tennessee. Getty Images
    From left, Dr Janette Nesheiwat, Hayat Nesheiwat and founder of Children Are Magical, Jaclyn Stapp, attend the 2018 Charm Back To School Bash in August 2018 in Nashville, Tennessee. Getty Images
  • Husband and wife Scott and Jaclyn Stapp attend MusiCares Person of the Year at the Los Angeles Convention Center in February 2019. AFP
    Husband and wife Scott and Jaclyn Stapp attend MusiCares Person of the Year at the Los Angeles Convention Center in February 2019. AFP
  • Dr Janette Nesheiwat, left, and Jaclyn Stapp attend the 10th Annual NAMIWalks NYC at South Street Seaport in May 2016 in New York City. Getty Images
    Dr Janette Nesheiwat, left, and Jaclyn Stapp attend the 10th Annual NAMIWalks NYC at South Street Seaport in May 2016 in New York City. Getty Images
  • NASHVILLE, TENNESSEE - AUGUST 04: CHARM Foundation founder Jaclyn Stapp speaks during The CHARM Foundation Back To School Bash at Kirkpatrick Center on August 04, 2019 in Nashville, Tennessee. (Photo by Terry Wyatt/Getty Images)
    NASHVILLE, TENNESSEE - AUGUST 04: CHARM Foundation founder Jaclyn Stapp speaks during The CHARM Foundation Back To School Bash at Kirkpatrick Center on August 04, 2019 in Nashville, Tennessee. (Photo by Terry Wyatt/Getty Images)
  • Scott and Jaclyn Stapp with their children Daniel Issam and Milan Hayat at the Nickelodeon's 2016 Kids' Choice Awards at The Forum in California. AFP
    Scott and Jaclyn Stapp with their children Daniel Issam and Milan Hayat at the Nickelodeon's 2016 Kids' Choice Awards at The Forum in California. AFP

Who is Jaclyn Stapp? Jordan's Mrs World runner-up


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Sashaying across the Las Vegas stage in a plunging one-piece with her brunette locks flowing, Jaclyn Stapp dazzled with all of the poise and presence of an international beauty queen at Saturday's Mrs World final.

Mrs Jordan, 41, narrowly missed out on the Mrs World crown, finishing as first runner-up with the crown going to Mrs American Shaylyn Ford, with Mrs UAE World Debanjali Kamstra coming in third.

But who is the Jordanian beauty queen and philanthropist?

Who is Jaclyn Stapp?

A model, actress and author, Stapp is the daughter of Jordanian parents who left the Middle East for New York and later Florida.

The mother of three is the founder of non-profit organisation Children Are Magical (Charm), which aims to raise awareness of children’s issues and provide underprivileged youth with the tools to help with their education.

Charm Foundation founder Jaclyn Stapp speaks during The Charm Foundation Back To School Bash at Kirkpatrick Centre on August 4, 2019 in Nashville, Tennessee. Getty Images
Charm Foundation founder Jaclyn Stapp speaks during The Charm Foundation Back To School Bash at Kirkpatrick Centre on August 4, 2019 in Nashville, Tennessee. Getty Images

Stapp, who has been competing in pageants since she was 13, is married to Grammy Award-winning rock star Scott Stapp.

At Saturday's pageant, she told judges about her humble upbringing by a Jordanian mother who encouraged her to follow her dreams.

“I think a higher purpose varies for everyone individually,” she told pageant judges. “For me personally, my mother raised five children as a widow and an immigrant that came to this country [America].

“I lost my father at a very young age and my mother gave us a thirst for knowledge and education.

I learnt so much from my mother as a widow and that’s something I want to carry forward. I want to make a difference
Jaclyn Stapp,
Mrs Jordan World

“As Mrs World, I want to help young girls around the world have opportunities and education – that’s my passion and purpose.

“I learnt so much from my mother as a widow and that’s something I want to carry forward. I want to make a difference and I want to hit the ground running.”

A marketing and communications graduate from Stetson University in Florida, Stapp has graced the covers of magazines in the US and her acting credits include episodes of Full House, Second Noah and Sex and the City.

Over the years, Stapp has collected crowns including Miss New York USA, Mrs Florida and Mrs Jordan, in a proud celebration of her Middle Eastern heritage.

Commenting on social media before the final of Mrs World, Stapp wrote: “I am both proud and humbled to represent the married women of Jordan at the coming Mrs World pageant.

“My parents were born and raised in Jordan and I have seen for myself the many changes that have made it possible for a woman to be in the position I am.

“To carry this uplifting and personal history on to the Mrs World stage, along with so many beautiful and intelligent ladies from around the world, will be a life-changing experience.

“This journey will also give recognition to the women I represent who have been a positive force for change. I will be realising their dream.”

Winner of the Congeniality Award

At the Mrs World pageant final, Stapp blew the judges away with her confidence and charm, scooping the Congeniality Award in the swimwear round, which is presented to contestants for their pleasant personalities.

In the eveningwear round, Stapp sparkled in a silver floor-skimming halter-neck gown, which was split to the thigh and adorned in sequins and tassels.

In the national costume round, Stapp again paid tribute to her roots in a shocking-pink belly dancer-inspired ensemble designed by Matt Logan and Iolanna Design.

The bejewelled bustier and flowing skirt were draped in pearls and encrusted with gems that glimmered as Stapp swayed her hips in true belly dancer fashion.

Stapp and Ford clasped hands as they waited for the winner to be announced, with Stapp gracefully congratulating her rival on learning of her defeat.

Should Ford ever need to step down from her position, the title of Mrs World will automatically go to Stapp.

Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

Abu Dhabi GP schedule

Friday: First practice - 1pm; Second practice - 5pm

Saturday: Final practice - 2pm; Qualifying - 5pm

Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm

Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

Persuasion
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarrie%20Cracknell%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EDakota%20Johnson%2C%20Cosmo%20Jarvis%2C%20Richard%20E%20Grant%2C%20Henry%20Golding%20and%20Nikki%20Amuka-Bird%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%201.5%2F5%3C%2Fp%3E%0A

Our Time Has Come
Alyssa Ayres, Oxford University Press

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

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

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Three tips from La Perle's performers

1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.

2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.

3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Mercedes-AMG GT 63 S E Performance: the specs

Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor

Power: 843hp at N/A rpm

Torque: 1470Nm N/A rpm

Transmission: 9-speed auto

Fuel consumption: 8.6L/100km

On sale: October to December

Price: From Dh875,000 (estimate)

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Gran Gala del Calcio 2019 winners

Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta​​​​​​​
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

UAE currency: the story behind the money in your pockets
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
UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
Updated: February 01, 2022, 8:58 AM