• Rolls-Royce has unveiled the Droptail. All photos: Rolls-Royce
    Rolls-Royce has unveiled the Droptail. All photos: Rolls-Royce
  • Inside, the cabin is adorned with 1,603 pieces of black sycamore wood trim veneer, arranged to resemble rose petals
    Inside, the cabin is adorned with 1,603 pieces of black sycamore wood trim veneer, arranged to resemble rose petals
  • The first of the four Droptail commissions, the car is dubbed La Rose Noire
    The first of the four Droptail commissions, the car is dubbed La Rose Noire
  • The Droptail, which took five years to make, has a sleek exterior made from steel, aluminium and carbon fibre
    The Droptail, which took five years to make, has a sleek exterior made from steel, aluminium and carbon fibre
  • It has a 6.7-litre V12 engine and 593 horsepower
    It has a 6.7-litre V12 engine and 593 horsepower
  • A custom-designed Audemars Piguet watch is integrated into the dashboard, which can also be taken out and worn
    A custom-designed Audemars Piguet watch is integrated into the dashboard, which can also be taken out and worn
  • There’s also a champagne and cooler storage compartment in the car
    There’s also a champagne and cooler storage compartment in the car
  • The upright elements in the grille are angled for the first time
    The upright elements in the grille are angled for the first time

Rolls-Royce unveils La Rose Noire Droptail, the world's most expensive car


Evelyn Lau
  • English
  • Arabic

Rolls-Royce has unveiled La Rose Noire Droptail – the world's most expensive car.

Inspired by the high-speed sailing yachts of the 1930s, the two-door, two-seat roadster is estimated to cost more than $30 million.

A company representative confirmed to Bloomberg that previous "coach-built" vehicles, the term used for bespoke bodywork designs, cost more than $28 million despite being less complex.

Four Droptails will be built, with each personalised to the buyer.

The first of the four is called La Rose Noire and takes inspiration from the rare black baccara, the darkest naturally occurring rose. The vehicle, like the flower, changes colour depending on the angle from which it is viewed.

The Droptail, which took five years to make, has a sleek exterior made from steel, aluminium and carbon fibre. It has a 6.7-litre V12 engine and 593 horsepower. The upright elements in the grille are angled for the first time.

It has a blend of red and black colours with dark red accents. The bodywork also features a bespoke finish. Inside, the cabin is adorned with 1,603 pieces of black sycamore wood trim veneer, arranged to resemble rose petals scattered by the wind.

A custom-designed Audemars Piguet watch is integrated into the dashboard, which can also be taken out and worn. There’s also a champagne and cooler storage compartment in the car.

The Rolls-Royce website says the assembly of the vehicle required “intense concentration” and a “single craftsperson tasked with creating it would only work in one-hour sessions for no more than five hours per day, ensuring they possessed the concentration required for perfect execution”.

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Australian Open Champion

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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

Match info

Australia 580
Pakistan 240 and 335

Result: Australia win by an innings and five runs

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Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

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

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Results:

First Test: New Zealand 30 British & Irish Lions 15

Second Test: New Zealand 21 British & Irish Lions 24

Third Test: New Zealand 15 British & Irish Lions 15

Updated: August 20, 2023, 11:05 AM