• Natasha Poonawalla in a Sabyasachi sari paired with an ornate Schiaparelli Couture corset. EPA
    Natasha Poonawalla in a Sabyasachi sari paired with an ornate Schiaparelli Couture corset. EPA
  • India businesswoman Natasha Poonawalla arrives at the In America: An Anthology of Fashion-themed Met Gala at the Metropolitan Museum of Art in New York City, on Monday, May 2, 2022. Reuters
    India businesswoman Natasha Poonawalla arrives at the In America: An Anthology of Fashion-themed Met Gala at the Metropolitan Museum of Art in New York City, on Monday, May 2, 2022. Reuters
  • Poonawalla is the executive director of the Serum Institute of India and chairperson of Villoo Poonawalla Foundation. AFP
    Poonawalla is the executive director of the Serum Institute of India and chairperson of Villoo Poonawalla Foundation. AFP
  • Poonawalla attends the 2022 Prince's Trust Gala at Cipriani 25 Broadway on April 28, 2022 in New York City. AFP
    Poonawalla attends the 2022 Prince's Trust Gala at Cipriani 25 Broadway on April 28, 2022 in New York City. AFP
  • Poonawalla married Adar Poonawalla, chief executive of the Serum Institute of India, in 2006. EPA
    Poonawalla married Adar Poonawalla, chief executive of the Serum Institute of India, in 2006. EPA
  • From left: Dua Lipa, Marcus Piggott, Kristen McMenamy, Mert Alas and Poonawalla attend a cocktail reception ahead of The Fashion Awards 2021 at London's Royal Albert Hall on November 29, 2021. Getty Images
    From left: Dua Lipa, Marcus Piggott, Kristen McMenamy, Mert Alas and Poonawalla attend a cocktail reception ahead of The Fashion Awards 2021 at London's Royal Albert Hall on November 29, 2021. Getty Images
  • Editor-in-chief of British 'Vogue', Edward Enninful, and Poonawalla attend an exclusive party hosted by Frieze and Versace to celebrate London's creative community at Toklas on October 15, 2021. Getty Images for Frieze
    Editor-in-chief of British 'Vogue', Edward Enninful, and Poonawalla attend an exclusive party hosted by Frieze and Versace to celebrate London's creative community at Toklas on October 15, 2021. Getty Images for Frieze
  • Poonawalla attends the British Vogue x Tiffany & Co. Fashion and Film party at The Londoner Hotel in London on September 20, 2021. Getty Images
    Poonawalla attends the British Vogue x Tiffany & Co. Fashion and Film party at The Londoner Hotel in London on September 20, 2021. Getty Images
  • Poonawalla attends the LuisaViaRoma for Unicef event at La Certosa di San Giacomo on July 31, 2021 in Capri, Italy. Getty Images for Luisaviaroma
    Poonawalla attends the LuisaViaRoma for Unicef event at La Certosa di San Giacomo on July 31, 2021 in Capri, Italy. Getty Images for Luisaviaroma
  • Indian actress, model and singer Priyanka Chopra and Poonawalla on day 12 of the Wimbledon Tennis Championships at the All England Lawn Tennis and Croquet Club in London on July 10, 2021. Getty Images
    Indian actress, model and singer Priyanka Chopra and Poonawalla on day 12 of the Wimbledon Tennis Championships at the All England Lawn Tennis and Croquet Club in London on July 10, 2021. Getty Images
  • Poonawalla at the Exhibition Opening of L'Exibition[niste] by Christian Louboutin as part of Paris Fashion Week Womenswear Fall/Winter 2020/2021 on February 24, 2020. Getty Images For Christian Louboutin
    Poonawalla at the Exhibition Opening of L'Exibition[niste] by Christian Louboutin as part of Paris Fashion Week Womenswear Fall/Winter 2020/2021 on February 24, 2020. Getty Images For Christian Louboutin
  • Prince Charles, Prince of Wales, Royal Founding Patron of the British Asian Trust, and his wife Camilla, Duchess of Cornwall, meet American musician Katy Perry and Poonawalla as they arrive at a reception for supporters of the British Asian Trust in London on February 4, 2020. Getty Images
    Prince Charles, Prince of Wales, Royal Founding Patron of the British Asian Trust, and his wife Camilla, Duchess of Cornwall, meet American musician Katy Perry and Poonawalla as they arrive at a reception for supporters of the British Asian Trust in London on February 4, 2020. Getty Images
  • Kristina O'Neill, Poonawalla, Imran Amed and Nikhil Mansata at an intimate presentation and cocktail event in celebration of BoF China Prize 2018 winner, Caroline Hu. This was held at Hotel Ritz in Paris. Getty Images for The Business of Fashion
    Kristina O'Neill, Poonawalla, Imran Amed and Nikhil Mansata at an intimate presentation and cocktail event in celebration of BoF China Prize 2018 winner, Caroline Hu. This was held at Hotel Ritz in Paris. Getty Images for The Business of Fashion
  • Evangelo Bousis, Natasha Poonawalla and Peter Dundas at the 2019 Met Gala Celebrating Camp: Notes on Fashion at Metropolitan Museum of Art on May 6, 2019 in New York City. AFP
    Evangelo Bousis, Natasha Poonawalla and Peter Dundas at the 2019 Met Gala Celebrating Camp: Notes on Fashion at Metropolitan Museum of Art on May 6, 2019 in New York City. AFP
  • Poonawalla at Michael Muller's HEAVEN, presented by The Art of Elysium, on January 5, 2019 in Los Angeles. AFP
    Poonawalla at Michael Muller's HEAVEN, presented by The Art of Elysium, on January 5, 2019 in Los Angeles. AFP
  • Serum Institute of India's Executive Director Adar Poonawalla and his wife Natasha launch the country's first nasal H1N1 vaccine, 'Nasovac', at a news conference in Mumbai on July 14, 2010. AFP
    Serum Institute of India's Executive Director Adar Poonawalla and his wife Natasha launch the country's first nasal H1N1 vaccine, 'Nasovac', at a news conference in Mumbai on July 14, 2010. AFP

Natasha Poonawalla wears a Sabyasachi sari to attend 2022 Met Gala


Farah Andrews
  • English
  • Arabic

Indian businesswoman Natasha Poonawalla is a Met Gala regular, and this year she pulled out all the stops wearing a golden sari on The Metropolitan Museum of Art's red carpet.

Poonawalla's striking look was created by Sabyasachi, worn with an ornate Schiaparelli Couture corset that curves over her head.

According to the label's Instagram, the sari "celebrates Indian craftsmanship", the gold handcrafted piece is "embroidered with silk floss thread and embellished with bevel beads, semi-precious stones, crystals, sequins and appliqued printed velvet".

The look was accessorised with custom Sabyasachi Fine Jewellery pieces.

Designer Sabyasachi Mukherjee wrote of his design: “For me the sari is a truly unique and versatile garment that owns its identity even as it transcends boundaries and geographies. Back when I was a young fashion student, I often wondered when I would see the sari at big global fashion events like the Met Gala.”

Celebrity stylist Anaita Shroff Adajania styled Poonawalla for the event, and her sari was draped by Dolly Jain.

On Instagram, Jain said she was "in awe of this Indian take on Gilded Glamour".

"To be able to witness such an iconic fashion-meets-art moment in New York, and be a small part of it feels truly surreal. Between the flowing drape of her bespoke embroidered gold Sabyasachi sari and the architectural lines of her armour-esque gold metallic Schiaparelli couture bustier, Natasha strikes a note that is both feminine yet strong, bold yet beautiful," Jain wrote.

This year, the Met Gala's Gilded Glamour theme honoured New York's 19th century golden age between 1870 and 1890, with full Regency-style dresses expected on the red carpet. Like Poonawalla, a host of the A-list names in attendance took the gilded theme literally, dressing in head-to-toe gold.

Moschino seemed to be the fashion house behind many of the golden looks — the label dressed Khloe Kardashian, Megan Thee Stallion, Michaela Jae Rodriguez and Ariana DeBose, who was co-ordinated with designer Jeremy Scott in a black and gold design.

See all the looks from the 2022 Met Gala:

  • Event co-hosts Blake Lively, wearing Atelier Versace, and Ryan Reynolds arrive at the 2022 Met Gala at the Metropolitan Museum of Art on May 2. EPA
    Event co-hosts Blake Lively, wearing Atelier Versace, and Ryan Reynolds arrive at the 2022 Met Gala at the Metropolitan Museum of Art on May 2. EPA
  • Kim Kardashian, in Marilyn Monroe's 'Happy Birthday, Mr President' dress, and Pete Davidson. AFP
    Kim Kardashian, in Marilyn Monroe's 'Happy Birthday, Mr President' dress, and Pete Davidson. AFP
  • Kylie Jenner wears an off-white wedding dress-style gown. AFP
    Kylie Jenner wears an off-white wedding dress-style gown. AFP
  • Billie Eilish, wearing Gucci. Reuters
    Billie Eilish, wearing Gucci. Reuters
  • Gigi Hadid, wearing a Versace jumpsuit and puffer. AP Photo
    Gigi Hadid, wearing a Versace jumpsuit and puffer. AP Photo
  • Kendall Jenner, in a full black gown. AFP
    Kendall Jenner, in a full black gown. AFP
  • Bella Hadid, wearing a black lace design. AFP
    Bella Hadid, wearing a black lace design. AFP
  • Daniel Roseberry and Carey Mulligan, wearing a gown with a gold bodice and train by Schiaparelli. AFP
    Daniel Roseberry and Carey Mulligan, wearing a gown with a gold bodice and train by Schiaparelli. AFP
  • Megan Thee Stallion, wearing in a gold two-piece Moschino design. Reuters
    Megan Thee Stallion, wearing in a gold two-piece Moschino design. Reuters
  • Lizzo, wearing black and gold Thom Browne. AP Photo
    Lizzo, wearing black and gold Thom Browne. AP Photo
  • Khloe Kardashian, wearing a gold column Moschino gown. AFP
    Khloe Kardashian, wearing a gold column Moschino gown. AFP
  • Emma Stone, wearing Louis Vuitton. EPA
    Emma Stone, wearing Louis Vuitton. EPA
  • Kourtney Kardashian and Travis Barker, both wearing Thom Browne. Reuters
    Kourtney Kardashian and Travis Barker, both wearing Thom Browne. Reuters
  • Cynthia Erivo, wearing Louis Vuitton. EPA
    Cynthia Erivo, wearing Louis Vuitton. EPA
  • Camila Cabello, wearing all-white Prabal Gurung. Reuters
    Camila Cabello, wearing all-white Prabal Gurung. Reuters
  • Camila Mendes, wearing a gold Ami dress. AFP
    Camila Mendes, wearing a gold Ami dress. AFP
  • Shawn Mendes, wearing Tommy Hilfiger. EPA
    Shawn Mendes, wearing Tommy Hilfiger. EPA
  • Dakota Johnson, wearing Gucci. AP
    Dakota Johnson, wearing Gucci. AP
  • Austin Butler and Priscilla Presley, wearing Prada. AP Photo
    Austin Butler and Priscilla Presley, wearing Prada. AP Photo
  • Kate Moss, wearing a black velvet Burberry gown. AFP
    Kate Moss, wearing a black velvet Burberry gown. AFP
  • Vanessa Hudgens, wearing a sheer black gown by Moschino. EPA
    Vanessa Hudgens, wearing a sheer black gown by Moschino. EPA
  • Kacey Musgraves, wearing Moschino. EPA
    Kacey Musgraves, wearing Moschino. EPA
  • YouTuber Emma Chamberlain, wearing Louis Vuitton. AFP
    YouTuber Emma Chamberlain, wearing Louis Vuitton. AFP
  • Anna Wintour, wearing a multi-coloured sequin gown. EPA
    Anna Wintour, wearing a multi-coloured sequin gown. EPA
  • Kris Jenner, wearing a yellow kaftan-style dress. AFP
    Kris Jenner, wearing a yellow kaftan-style dress. AFP
  • Co-chair of the 2022 Met Gala Lin-Manuel Miranda and his wife Vanessa Nadal. AFP
    Co-chair of the 2022 Met Gala Lin-Manuel Miranda and his wife Vanessa Nadal. AFP
  • Gemma Chan, wearing Louis Vuitton. AP Photo
    Gemma Chan, wearing Louis Vuitton. AP Photo
  • Joe Jonas and Sophie Turner, wearing Louis Vuitton. AFP
    Joe Jonas and Sophie Turner, wearing Louis Vuitton. AFP
  • Phoebe Dynevor, wearing Louis Vuitton. AP
    Phoebe Dynevor, wearing Louis Vuitton. AP
  • Maude Apatow, wearing a sheer black Miu Miu dress. EPA
    Maude Apatow, wearing a sheer black Miu Miu dress. EPA
  • Amber Valletta, wearing a gold gown. EPA
    Amber Valletta, wearing a gold gown. EPA
  • Kaia Gerber, wearing shimmering Alexander McQueen. AFP
    Kaia Gerber, wearing shimmering Alexander McQueen. AFP
  • Dove Cameron, in a sheer gown with wing detail. AFP
    Dove Cameron, in a sheer gown with wing detail. AFP
  • Miranda Kerr, wearing white Oscar de la Renta. EPA
    Miranda Kerr, wearing white Oscar de la Renta. EPA
  • Jared Leto, matching Gucci's Alessandro Michele, both wearing Gucci. AP Photo
    Jared Leto, matching Gucci's Alessandro Michele, both wearing Gucci. AP Photo
  • Addison Rae, wearing a shimmering gown. AFP
    Addison Rae, wearing a shimmering gown. AFP
  • Awkwafina, wearing a peach to red ombre gown. AP Photo
    Awkwafina, wearing a peach to red ombre gown. AP Photo
  • Emily Ratajkowski, wearing vintage Versace. AFP
    Emily Ratajkowski, wearing vintage Versace. AFP
  • Lily James, in a beaded gown. AFP
    Lily James, in a beaded gown. AFP
  • Lily Allen, wearing a feathered Chanel gown, with husband David Harbour. AFP
    Lily Allen, wearing a feathered Chanel gown, with husband David Harbour. AFP
  • Lily Aldridge, in a crystal Khaite gown. AFP
    Lily Aldridge, in a crystal Khaite gown. AFP
  • Simone Ashley, in a black skirt with a gold crop top by Moschino. AFP
    Simone Ashley, in a black skirt with a gold crop top by Moschino. AFP
  • Chloe Bailey, in a full gold gown. AP Photo
    Chloe Bailey, in a full gold gown. AP Photo
  • Naomi Campbell, in a black Burberry gown with sequinned detail. AP Photo
    Naomi Campbell, in a black Burberry gown with sequinned detail. AP Photo
  • Claire Danes and Hugh Dancy. AP Photo
    Claire Danes and Hugh Dancy. AP Photo
  • Cara Delevingne, wearing a red suit. AFP
    Cara Delevingne, wearing a red suit. AFP
  • Elon Musk, wearing white tie, with his mother, Maye Musk. AFP
    Elon Musk, wearing white tie, with his mother, Maye Musk. AFP
  • Emma Corrin, wearing oversized Miu Miu. AP Photo
    Emma Corrin, wearing oversized Miu Miu. AP Photo
  • Gwen Stefani, wearing neon yellow Vera Wang. EPA
    Gwen Stefani, wearing neon yellow Vera Wang. EPA
  • Kerry Washington, wearing black sheer Tory Burch. EPA
    Kerry Washington, wearing black sheer Tory Burch. EPA
  • Jessica Chastain, wearing oxblood sequinned Gucci. AFP
    Jessica Chastain, wearing oxblood sequinned Gucci. AFP
  • Amy Schumer, Venus Williams, Gabriela Hearst and Xiye Bastida in head-to-toe black on the red carpet. EPA
    Amy Schumer, Venus Williams, Gabriela Hearst and Xiye Bastida in head-to-toe black on the red carpet. EPA
  • Tessa Thompson, wearing pink tulle Carolina Herrera. AFP
    Tessa Thompson, wearing pink tulle Carolina Herrera. AFP
  • Ariana DeBose, wearing black and gold Moschino. EPA
    Ariana DeBose, wearing black and gold Moschino. EPA
  • Sarah Jessica Parker, wearing monochrome Christopher John Rogers. EPA
    Sarah Jessica Parker, wearing monochrome Christopher John Rogers. EPA
  • Michaela Jae Rodriguez, wearing ombre gold and silver Moschino. AFP
    Michaela Jae Rodriguez, wearing ombre gold and silver Moschino. AFP
  • Anitta, wearing purple peplum Moschino. AP Photo
    Anitta, wearing purple peplum Moschino. AP Photo
  • Lila Grace Moss, wearing a nude sheer Burberry gown. AFP
    Lila Grace Moss, wearing a nude sheer Burberry gown. AFP
  • Nicki Minaj, wearing a full black Burberry gown. EPA
    Nicki Minaj, wearing a full black Burberry gown. EPA
  • Bad Bunny, wearing Burberry. AFP
    Bad Bunny, wearing Burberry. AFP
  • Karlie Kloss, wearing lace Givenchy. AFP
    Karlie Kloss, wearing lace Givenchy. AFP
  • Cardi B, in a gold gown. EPA
    Cardi B, in a gold gown. EPA
  • Brooklyn Beckham and Nicola Peltz in a pink Givenchy dress. EPA
    Brooklyn Beckham and Nicola Peltz in a pink Givenchy dress. EPA
  • Glenn Close, in a pink caped dress, and Italian designer Pier Paolo Pasolini. AFP
    Glenn Close, in a pink caped dress, and Italian designer Pier Paolo Pasolini. AFP
  • Katy Perry, in a black dress with a full train. AFP
    Katy Perry, in a black dress with a full train. AFP
  • Winnie Harlow, in a white tulle design. AFP
    Winnie Harlow, in a white tulle design. AFP
  • Nicola Coughlan, wearing a black and pink gown. AFP
    Nicola Coughlan, wearing a black and pink gown. AFP
What is Reform?

Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.

It was founded in 2018 and originally called the Brexit Party.

Many of its members previously belonged to UKIP or the mainstream Conservatives.

After Brexit took place, the party focused on the reformation of British democracy.

Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.

The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.

At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

UAE%20Warriors%2045%20Results
%3Cp%3E%3Cstrong%3E%0DMain%20Event%0D%3A%20Lightweight%20Title%3C%2Fstrong%3E%0D%3Cbr%3EAmru%20Magomedov%20def%20Jakhongir%20Jumaev%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ECo-Main%20Event%0D%3A%20Bantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERany%20Saadeh%20def%20Genil%20Franciso%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20150%20lbs%3C%2Fstrong%3E%0D%3Cbr%3EWalter%20Cogliandro%20def%20Ali%20Al%20Qaisi%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EBantamweight%3C%2Fstrong%3E%0D%3Cbr%3ERenat%20Khavalov%20def%20Hikaru%20Yoshino%20-%20Round%202%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EVictor%20Nunes%20def%20Nawras%20Abzakh%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3EYamato%20Fujita%20def%20Sanzhar%20Adilov%20-%20Round%201%20(submission)%0D%3Cbr%3E%3Cstrong%3ELightweight%3C%2Fstrong%3E%0D%3Cbr%3EAbdullo%20Khodzhaev%20def%20Petru%20Buzdugen%20-%20Round%201%20(TKO)%0D%3Cbr%3E%3Cstrong%3ECatchweight%20139%20lbs%3C%2Fstrong%3E%0D%3Cbr%3ERazhabali%20Shaydullaev%20def%20Magomed%20Al-Abdullah%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3EFlyweight%3C%2Fstrong%3E%0D%3Cbr%3ECong%20Wang%20def%20Amena%20Hadaya%20-%20Points%20(unanimous%20decision)%0D%3Cbr%3E%3Cstrong%3EMiddleweight%3C%2Fstrong%3E%0D%3Cbr%3EKhabib%20Nabiev%20def%20Adis%20Taalaybek%20Uulu%20-%20Round%202%20(submission)%0D%3Cbr%3E%3Cstrong%3ELight%20Heavyweight%3C%2Fstrong%3E%0D%3Cbr%3EBartosz%20Szewczyk%20def%20Artem%20Zemlyakov%20-%20Round%202%20(TKO)%3C%2Fp%3E%0A
What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

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

UAE currency: the story behind the money in your pockets
THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

CONCRETE COWBOY

Directed by: Ricky Staub

Starring: Idris Elba, Caleb McLaughlin, Jharrel Jerome

3.5/5 stars

The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

Updated: October 13, 2022, 11:26 AM