On the face of it, this isn’t a fair race. A muscle-bound 650hp Lamborghini Urus against a man with a paraglider propelled solely by thermal air currents. Yet, here we are, assembled in the town of Bormio, nestled in the Italian Alps. Over the next day, we – a handful of journalists – will each be mounted up in a Lamborghini Urus for a race of sorts against paragliding champion Aaron Durogati.
Our convoy will be covering a distance of 161 kilometres along a spectacular route that will take us from Bormio to Pinzolo. Along the way, we’ll have our “race” with Duragoti, who will take off from the lofty heights of Passo Gavia, 2,652 metres above sea level. He’ll take the airborne route to the valley below, while we will have to negotiate a narrow, winding road – strewn with tight hairpin bends.
Durogati grew up in the nearby town of Merano and was introduced to paragliding by his father at the age of 6. The adventure-seeking youngster had to wait another nine years before his father permitted him to make his first solo flight.
A man with a deep love for the mountains – a sentiment that remains undiminished to this day – Durogati, who is now 35, excelled at Alpine sports. He started skiing when he was a toddler and was racing by the time he was 10. Although his competitive instincts are now focused on paragliding, the soft-spoken Italian still enjoys mountaineering and free-riding – skiing along ungroomed terrain, with no set course or rules. His love for paragliding and skiing also comes together via “speed-riding”, a sport that combines both disciplines.
Durogati’s sporting CV is lengthy, with highlights that include a Paragliding World Cup title in 2012, which he describes as “the most emotional moment of my life until then”. His focus then shifted to the Red Bull X-Alps, which combines elements of hiking and flying as part of a gruelling race.
When conditions are good during the Red Bull X-Alps, athletes use their paragliders to fly, and when they are not, they must run or hike, carrying their paraglider and other equipment. The use of tunnels and all other forms of transport are not permitted. The first Red Bull X-Alps, in 2003, stretched from Austria's Dachstein Glacier to Monaco via Germany's highest mountain, the Zugspitze, as well as Mont Blanc and Mont Gros in France. Seventeen athletes and their support teams covered a distance of 800 kilometres as the crow flies.
Although being suspended thousands of feet in the air by a fabric chute and cables might seem a hair-raising prospect, Duragoti says paragliding is not an “extreme sport”. That said, it’s not without risk, and competitors in the Red Bull X-Alps need to be in peak physical condition.
Speaking of which, the Lamborghini Urus is as rapid and dynamic as an SUV gets. The sharp-edged all-terrainer took the Raging Bull marque well away from its supercar roots when it launched in 2018, opening up the brand to a whole new set of buyers.
The company’s balance sheet shows it was a well-considered move, as Lamborghini’s annual sales figures have more than doubled since the introduction of the Urus. The marque’s previous best annual sales tally was 3,815 units (in 2017), whereas in 2019, total sales had multiplied to 8,205 units. Last year would have been even better, had the onset of Covid-19 not halted production at Lamborghini’s Sant’Agata Bolognese factory for seven weeks.
Order a new Urus today and you could be waiting anywhere between six and nine months for your vehicle, illustrating how high demand is for the SUV. It’s not hard to see why. “It’s the only vehicle that enables you to conquer dunes, yet still be able to hit 305kph on the tarmac,” says Emanuele Camerini, a spokesman for Lamborghini. This also explains why Urus owners cover more than double the number of kilometres each year, compared to the Huracan and Aventador.
The Urus is backed by a formidable set of credentials. At its heart lies a 4.0-litre twin-turbo V8 engine that thumps out 650hp and 850Nm, which spears it from zero tp 100 kilometres an hour in 3.6 seconds, and on to 200kph in only 12.8 seconds. These are stats that wouldn’t look out of place on a supercar.
The Urus isn’t merely a straight-line bully, though, as it comes armed with a state-of-the-art four-wheel-drive system with active torque-vectoring and four-wheel-steering. It also has huge carbon-ceramic brakes, adaptive air suspension and active roll stabilisation, which combine to deliver all-road pace and potency that are almost unthinkable for a 2.2-tonne SUV that stands at more than 1.6 metres tall.
As we charge across our mountainous route, the Urus feels much more compact than it is. The roads we’re traversing are extremely narrow, with a mountain face on one side and a sheer drop on the other. Yet, the big Lambo makes easy work of it, with the four-wheel-steer playing its part in boosting agility – something that’s especially noticeable on the tight hairpins.
Meanwhile, Durogati, who had just leapt off the edge of the cliff at Passo Gavia, is doing his best to make a beeline for the designated landing spot in the valley below. The paragliding ace says the key to being successful in his sport is to be able to read the thermal drafts and best exploit them to travel as quickly and efficiently in a chosen direction. One insightful clue: “The air above brown fields is warmer than air over green fields. The idea is to stay in that tube of warm air.”
Back on terra firma, our thundering Urus fleet is making brisk progress across the sinuous mountain road. Some light rain has begun to fall, but this has no effect on our pace, as the combination of all-wheel-drive traction and the massive footprint provided by the Pirelli rubber ensures the Lambo remains glued to the tarmac.
The Urus has no less than six drive modes – Strada (Highway), Sport, Corsa (Track), Neve (Snow), Sabbia (Sand) and Terra (gravel and rock) – enabling the chassis and drivetrain to be optimised for any surface. We remain predominantly in Sport mode, which sharpens performance and makes the twin-turbo V8 more vocal. An off-road stint later in the day enables us to use Terra as well.
As the landing spot looms up ahead, we see that Durogati has already arrived, and is gathering up his billowing chute and the myriad lines that connect his harness to it. It’s proof that the aerial route is almost invariably the quickest way to get from Point A to B.
Apart from being an exhilarating experience, our road-versus-air race serves to highlight the Urus’s breadth of capability and sheer pace across all surfaces. There’s a strong synergy with the “conquer all terrain and elements” philosophy of competitive paragliding, which explains why Durogati is a Lamborghini brand ambassador. The Italian flyer is peerless in the air, while the Urus has few equals on the ground.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Read more about the coronavirus
Porsche Taycan Turbo specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 1050Nm
Range: 450km
Price: Dh601,800
On sale: now
MATCH INFO
What: India v Afghanistan, first Test
When: Starts Thursday
Where: M Chinnaswamy Stadium, Bengalaru
Results
2.15pm: Maiden (PA) Dh40,000 1,200m
Winner: Maqam, Fabrice Veron (jockey), Eric Lemartinel (trainer).
2.45pm: Maiden (PA) Dh40,000 1,200m
Winner: Mamia Al Reef, Szczepan Mazur, Ibrahim Al Hadhrami.
3.15pm: Handicap (PA) Dh40,000 2,000m
Winner: Jaahiz, Fabrice Veron, Eric Lemartinel.
3.45pm: Handicap (PA) Dh40,000 1,000m
Winner: Qanoon, Szczepan Mazur, Irfan Ellahi.
4.15pm: Sheikh Hamdan bin Rashid Cup Handicap (TB) Dh200,000 1,700m.
Winner: Philosopher, Tadhg O’Shea, Salem bin Ghadayer.
54.45pm: Handicap (PA) Dh40,000 1,700m
Winner: Jap Al Yassoob, Fernando Jara, Irfan Ellahi.
TEACHERS' PAY - WHAT YOU NEED TO KNOW
Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:
- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools
- average salary across curriculums and skill levels is about Dh10,000, recruiters say
- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance
- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs
- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills
- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month
- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues
MATCH INFO
Watford 1 (Deulofeu 80' p)
Chelsea 2 (Abraham 5', Pulisic 55')
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
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
Stormy seas
Weather warnings show that Storm Eunice is soon to make landfall. The videographer and I are scrambling to return to the other side of the Channel before it does. As we race to the port of Calais, I see miles of wire fencing topped with barbed wire all around it, a silent ‘Keep Out’ sign for those who, unlike us, aren’t lucky enough to have the right to move freely and safely across borders.
We set sail on a giant ferry whose length dwarfs the dinghies migrants use by nearly a 100 times. Despite the windy rain lashing at the portholes, we arrive safely in Dover; grateful but acutely aware of the miserable conditions the people we’ve left behind are in and of the privilege of choice.
Recent winners
2002 Giselle Khoury (Colombia)
2004 Nathalie Nasralla (France)
2005 Catherine Abboud (Oceania)
2007 Grace Bijjani (Mexico)
2008 Carina El-Keddissi (Brazil)
2009 Sara Mansour (Brazil)
2010 Daniella Rahme (Australia)
2011 Maria Farah (Canada)
2012 Cynthia Moukarzel (Kuwait)
2013 Layla Yarak (Australia)
2014 Lia Saad (UAE)
2015 Cynthia Farah (Australia)
2016 Yosmely Massaad (Venezuela)
2017 Dima Safi (Ivory Coast)
2018 Rachel Younan (Australia)
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
What is an FTO Designation?
FTO designations impose immigration restrictions on members of the organisation simply by virtue of their membership and triggers a criminal prohibition on knowingly providing material support or resources to the designated organisation as well as asset freezes.
It is a crime for a person in the United States or subject to the jurisdiction of the United States to knowingly provide “material support or resources” to or receive military-type training from or on behalf of a designated FTO.
Representatives and members of a designated FTO, if they are aliens, are inadmissible to and, in certain circumstances removable from, the United States.
Except as authorised by the Secretary of the Treasury, any US financial institution that becomes aware that it has possession of or control over funds in which an FTO or its agent has an interest must retain possession of or control over the funds and report the funds to the Treasury Department.
Source: US Department of State
11 cabbie-recommended restaurants and dishes to try in Abu Dhabi
Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)
Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)
Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)
Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).
Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)
Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)
Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)
Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)
Pinky Food Restaurant in Tanker Mai for tilapia
Tasty Zone for Nepalese-style noodles (Dh15)
Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)
Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
The 15 players selected
Muzzamil Afridi, Rahman Gul, Rizwan Haider (Dezo Devils); Shahbaz Ahmed, Suneth Sampath (Glory Gladiators); Waqas Gohar, Jamshaid Butt, Shadab Ahamed (Ganga Fighters); Ali Abid, Ayaz Butt, Ghulam Farid, JD Mahesh Kumara (Hiranni Heros); Inam Faried, Mausif Khan, Ashok Kumar (Texas Titans
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
KILLING OF QASSEM SULEIMANI
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants