After 20 years and numerous "best restaurant" awards, the founder of the three-Michelin-starred fine-dining destination Noma has revealed he will be shutting it down at the end of 2024.
Rene Redzepi, the famed Danish chef behind the restaurant, known for its $500 per person tasting menu, has told The New York Times that the high standards required to produce the restaurant’s labour-intensive cuisine was just not workable anymore.
“We have to completely rethink the industry,” he said. “This is simply too hard, and we have to work in a different way."
Opened in 2003 in Copenhagen, Noma's interpretation of Nordic cuisine, as well as its innovative eco-conscious menu based on foraging seasonal ingredients, soon became a huge hit. It has since topped the World's 50 Best Restaurants list a record five times and was ranked the World's Best Restaurant four times by Restaurant magazine. In 2021, Noma received its third Michelin star.
But in the past few years, the restaurant has come under scrutiny for its treatment of foreign workers, as well as its reliance on unpaid interns, according to The New York Times, who interviewed a number of past staff members.
One former intern referred to Noma as a "toxic work environment" alleging that she was required to work in silence by the junior chefs she assisted and was specifically forbidden to laugh.
Redzepi, 45, told the newspaper that the ongoing allegations were not a factor in his decision to close the restaurant.
“It’s unsustainable,” he said. "Financially and emotionally, as an employer and as a human being, it just doesn’t work."
Noma, he said, will instead become a full-time food laboratory, developing new dishes and products for its e-commerce operation, Noma Projects. The dining rooms will be open for periodic pop-ups, he added.
"To continue being Noma, we must change," the restaurant posted on Instagram on Monday. "Therefore, dear guests and friends, we have some exciting news to share. Winter 2024 will be the last season of Noma as we know it. We are beginning a new chapter; Noma 3.0. We hope you’ll join us on this new journey."
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
Indoor cricket World Cup:
Insportz, Dubai, September 16-23
UAE fixtures:
Men
Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final
Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final
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
KLOPP%20AT%20LIVERPOOL
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
The biog
Age: 46
Number of Children: Four
Hobby: Reading history books
Loves: Sports