• 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

Who is Natasha Poonawalla, the Indian businesswoman who made waves at the Met Gala?


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Her dramatic Met Gala dress was the talk of the evening, but for many fashion followers around the world, the name Natasha Poonawalla is a familiar one. The Indian businesswoman and philanthropist is known as much for her style choices as her jet-setting lifestyle and celebrity friends, as she's often spotted at some of the biggest fashion events across the world, hobnobbing with everyone from Priyanka Chopra Jonas to Katy Perry and designer Christian Louboutin.

The striking Met Gala look she wore on Monday, celebrating the Indian sari, was created by Indian designer Sabyasachi and worn with an ornate Schiaparelli Couture corset that curved over her head. Accessorised with custom Sabyasachi Fine Jewellery pieces, her take on this year's theme, Gilded Glamour, which honoured New York's 19th century golden age between 1870 and 1890, was one of the most memorable looks of the star-studded evening.

Who is Natasha Poonawalla?

Natasha is the executive director of the Serum Institute of India, the world's largest manufacturer of vaccines. Her husband, Indian billionaire Adar Poonawalla, is chief executive of the company, which produces, among others, the Covishield coronavirus vaccine developed by AstraZeneca and the University of Oxford. Natasha is also chairwoman of the Villoo Poonawalla Charitable Foundation, named after her late mother-in-law, a responsibility that takes her to events around the world.

Natasha was born in Pune, Maharashtra, where she grew up. She later went to pursue her master's degree at the London School of Economics. It was during this time, while on holiday in Goa, that she would meet her future husband Adar at a New Year's Eve party.

"We’d see each other every few months. His focus was clear from day one. He was like, ‘I like you. I know I want to get married. This is it'," she told Vogue India of their budding long-distance romance.

Adar is the only son of Indian billionaire Cyrus Poonawalla, chairman of the Cyrus Poonawalla Group, which includes the Serum Institute of India. Last month, Cyrus was named fourth on Forbes magazine's India's 100 Richest People list, with an estimated fortune of $24.3 billion. He ranks 56th in the world.

Natasha and Adar got married in 2006 and now have two boys, Cyrus and Darius.

Friends in high places

Often branded a socialite, Natasha, who was on the cover star of Vogue India in December last year, told the magazine she was so much more than that.

“I think I was misjudged a little bit,” she says. “People saw me dressing up and said, ‘She’s that fashion person on the racecourse.’ But I didn’t feel the need to expose the serious part of my life to everyone.”

The serious part, as an executive of the Serum Institute of India, was highlighted during the coronavirus pandemic when her and her husband's company became a key player in India's fight against Covid-19.

"This year, people have realised what I do,” she tells Vogue India.

Still, there's no denying her A-list friends, including her close friendship with Bollywood star Kareena Kapoor Khan and her sister Karisma Kapoor, as well as actresses Malaika Arora and her sister Amrita Arora, all of whom appear often on her Instagram feed.

French designer Louboutin also makes regular appearances.

"There’s nothing in the world like friends who make you giggle non-stop," she once posted with a photo of the two of them.

Chopra Jonas and her husband Nick are also often seen photographed with Natasha, and so are Bollywood actress Sonam Kapoor and husband Anand Ahuja.

In January, when the Jonases announced they were expecting their first child together via surrogacy, Natasha posted a congratulatory message along with a photo of herself with the happy couple.

"Congratulations PC and Nick! Thrilled for you guys… brace yourself for life’s greatest joyride! Wish you all the love and strength for this new chapter. From sleepless party nights to sleepless parenting nights — with you all the way!" she said.

A life in fashion

Natasha's Met Gala appearance on Monday was not her first time at the event.

In 2019, she turned heads in an icy-blue custom-made dress by designer Peter Dundas. The crystal embellished mini-dress worn, with a detachable draped skirt in blue and cinched at the waist by a silver belt, matched the theatrics on of the red carpet. As a nod to her Indian heritage, Natasha completed the look with a diamond maang tikka on her forehead.

Of her headline-grabbing dress at this year's Met Gala, she told Vogue India that she chose the Sabyasachi-Schiaparelli ensemble because it was "strong but feminine" and "a powerful tool for social change”

“Fashion to me is wearable art. Art in this sense is communication — it allows people from different cultures and times to communicate with each other via images, sounds and stories," she said. “I feel blessed to be present and happy to have survived the struggles that came with being part of the effort to fight the pandemic."

Scroll through the gallery below for the best-dressed celebrities at the Met Gala 2022:

  • 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
RESULT

Huddersfield Town 2 Manchester United 1
Huddersfield: Mooy (28'), Depoitre (33')
Manchester United: Rashford (78')

 

Man of the Match: Aaron Mooy (Huddersfield Town)

MATCH INFO

Rugby World Cup (all times UAE)

Third-place play-off: New Zealand v Wales, Friday, 1pm

Results

2pm: Al Sahel Contracting Company – Maiden (PA) Dh50,000 (Dirt) 1,200m; Winner: AF Mutakafel, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

2.30pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,200m; Winner: El Baareq, Antonio Fresu, Rashed Bouresly

3pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,950m; Winner: Lost Eden, Andrea Atzeni, Doug Watson

3.30pm: Keeneland – Handicap (TB) Dh84,000 (D) 1,000m; Winner: Alkaraama, Dane O’Neill, Musabah Al Muhairi

4pm: Keeneland – Handicap (TB) Dh76,000 (D) 1,800m; Winner: Lady Snazz, Saif Al Balushi, Bhupat Seemar

4.30pm: Hive – Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Royston Ffrench, Salem bin Ghadayer

5pm: Dubai Real Estate Centre – (TB) Handicap Dh64,000 (D) 1,600m; Winner: Lahmoom, Royston Ffrench, Salem bin Ghadayer

RESULTS

5pm: Maiden (PA) Dh80,000 1,200m
Winner: Shafaf, Sam Hitchcott (jockey), Ahmed Al Mehairbi (trainer)
5,30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 1,200m
Winner: Noof KB, Tadhg O’Shea, Ernst Oertel
6pm: The President’s Cup Listed (TB) Dh380,000 1,400m
Winner: Taamol, Jim Crowley, Ali Rashid Al Raihe
6.30pm: The President’s Cup Group One (PA) Dh2,500,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Arabian Triple Crown Listed (PA) Dh230,000 1,600m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: AF Mekhbat, Antonio Fresu, Ernst Oertel

MATCH INFO

Burnley 1 (Brady 89')

Manchester City 4 (Jesus 24', 50', Rodri 68', Mahrez 87')

RESULTS
%3Cp%3E%3Cstrong%3E5pm%3A%20Sheikh%20Mansour%20bin%20Zayed%20Racing%20Festival%20%E2%80%93%20Handicap%20(PA)%20Dh100%2C000%20(Turf)%202%2C200m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Suny%20Du%20Loup%2C%20Pat%20Dobbs%20(jockey)%2C%20Hamad%20Al%20Marar%20(trainer)%3Cbr%3E%3Cstrong%3E5.30pm%3A%20Sheikh%20Mansour%20bin%20Zayed%20Racing%20Festival%20Cup%20%E2%80%93%20Conditions%20(PA)%20Dh150%2C000%20(T)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Nadia%20Du%20Loup%2C%20Antonio%20Fresu%2C%20Sulaiman%20Al%20Ghunaimi%3Cbr%3E%3Cstrong%3E6pm%3A%20Sheikha%20Fatima%20bint%20Mubarak%20Cup%20%E2%80%93%20Conditions%20(PA)%20Dh150%2C000%20(T)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20Dareen%2C%20Dane%20O%E2%80%99Neill%2C%20Jean%20de%20Roualle%3Cbr%3E%3Cstrong%3E6.30pm%3A%20Sheikh%20Zayed%20bin%20Sultan%20Al%20Nahyan%20National%20Day%20Cup%20%E2%80%93%20Group%203%20(PA)%20Dh500%2C000%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20AF%20Alwajel%2C%20Pat%20Dobbs%2C%20Ernst%20Oertel%3Cbr%3E%3Cstrong%3E7.15pm%3A%20Sheikh%20Zayed%20bin%20Sultan%20Al%20Nahyan%20Jewel%20Crown%20%E2%80%93%20Group%201%20(PA)%20Dh5%2C000%2C000%20(T)%202%2C200m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20First%20Classs%2C%20Ronan%20Thomas%2C%20Jean%20De%20Mieulle%3Cbr%3E%3Cstrong%3E8pm%3A%20Sheikh%20Zayed%20bin%20Sultan%20Al%20Nahyan%20National%20Day%20Cup%20%E2%80%93%20Listed%20(TB)%20Dh380%2C000%20(T)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20San%20Donato%2C%20Pat%20Dobbs%2C%20Doug%20Watson%3Cbr%3E%3Cstrong%3E8.30pm%3A%20Wathba%20Stallions%20Cup%20%E2%80%93%20Handicap%20(PA)%20Dh100%2C000%20(T)%201%2C600m%3C%2Fstrong%3E%3Cbr%3EWinner%3A%20AF%20Rasam%2C%20Fernando%20Jara%2C%20Ernst%20Oertel%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

What is dialysis?

Dialysis is a way of cleaning your blood when your kidneys fail and can no longer do the job.

It gets rid of your body's wastes, extra salt and water, and helps to control your blood pressure. The main cause of kidney failure is diabetes and hypertension.

There are two kinds of dialysis — haemodialysis and peritoneal.

In haemodialysis, blood is pumped out of your body to an artificial kidney machine that filter your blood and returns it to your body by tubes.

In peritoneal dialysis, the inside lining of your own belly acts as a natural filter. Wastes are taken out by means of a cleansing fluid which is washed in and out of your belly in cycles.

It isn’t an option for everyone but if eligible, can be done at home by the patient or caregiver. This, as opposed to home haemodialysis, is covered by insurance in the UAE.

Jebel Ali card

1.45pm: Maiden Dh75,000 1,400m

2.15pm: Handicap Dh90,000 1,400m

2.45pm: Maiden Dh75,000 1,000m

3.15pm: Handicap Dh105,000 1,200m

3.45pm: Maiden Dh75,000 1,600m

4.15pm: Handicap Dh105,000 1,600m

4.45pm: Handicap Dh80,000 1,800m

 

The National selections

1.45pm: Cosmic Glow

2.15pm: Karaginsky

2.45pm: Welcome Surprise

3.15pm: Taamol

3.45pm: Rayig

4.15pm: Chiefdom

4.45pm: California Jumbo

The specs: 2018 Chevrolet Trailblazer

Price, base / as tested Dh99,000 / Dh132,000

Engine 3.6L V6

Transmission: Six-speed automatic

Power 275hp @ 6,000rpm

Torque 350Nm @ 3,700rpm

Fuel economy combined 12.2L / 100km

Aldar Properties Abu Dhabi T10

*November 15 to November 24

*Venue: Zayed Cricket Stadium, Abu Dhabi

*Tickets: Start at Dh10, from ttensports.com

*TV: Ten Sports

*Streaming: Jio Live

*2017 winners: Kerala Kings

*2018 winners: Northern Warriors

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

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

Updated: October 13, 2022, 11:26 AM