With March being the UAE's Month of Reading and the Emirates Airline Festival of Literature drawing to a close, we're turning our focus to Scotland's love of the written word. The Celtic nation is steeped in literary history, with many Scottish backdrops serving as the inspiration for some of the world's most beloved children's stories. From Treasure Island and Harry Potter, to Peter Pan and Katie Morag, Scotland is tied to renowned literary tales – and the Storybook Trail offers a way to explore these links. This self-drive tour of some of the country's most famous children's literature landmarks is a great way to let little imaginations run wild.
Harry Potter-filled Edinburgh
Edinburgh has long been known for its literary associations. Scotland's capital was the world's first Unesco City of Literature – it was designated in 2004 – and it also has the largest tribute to a literary figure on the planet by way of the towering Scott Monument, which is dedicated to novelist, poet and playwright Sir Walter Scott. The city is also where Harry Potter author J K Rowling penned much of the boy wizard series.
Born in England, Rowling moved to Edinburgh in 1993 and has said previously that it was "the place where Harry evolved over seven books and many, many hours of writing in cafes".
Head to The Elephant House in the city's old town to tuck into breakfast in the same place Rowling wrote much of the hit series. As well as seeing a sign claiming to be the "Birthplace of Harry Potter" and Potter-related-graffiti-filled bathrooms, this is a good place to soak in the characterful atmosphere while tucking into a big Scottish breakfast, complete with obligatory haggis.
After breakfast, walk for a few minutes along George IV Bridge to Greyfriars Kirk and a place that will capture kids' imaginations – the grave of Tom Riddle, aka Voldemort. It's located to the right of the Flodden Wall arch in the churchyard, surrounded by waste ground. Locals will tell you that's because even grass doesn't want to grow too close to He Who Must Not Be Named.
Suitably spooked, lighten the mood with a drive west towards Whitburn and the Scottish Owl Centre. Here, children can get acquainted with some of Hedwig's feathered friends, in what is the largest collection of owls in the world.
For the big Potter finale, take a ride on what's often described as the greatest railway journey in the world. The Jacobite steam train runs from Fort William to Mallaig, travelling across the 21-arched Glenfinnan Viaduct, the same bridge that the Hogwarts Express crosses over in the Harry Potter films. If the weather is nice, the driver will pause on the viaduct, overlooking Loch Shiel and the Glenfinnan Monument, for perfect Potter photo opportunities.
Comic book central
Then move on to the coastal city of Dundee, which is undergoing serious regeneration, much of which can be attributed to last year's opening of the V&A Dundee, the first Victoria and Albert museum outside of London, and Scotland's first design museum. The city is also home to stalwart publishing company DC Thomson, the brand behind many of the country's most-loved comic books, such as The Beano, The Dandy and Oor Wullie. A comic book staple across Britain for decades, The Beano's Dennis the Menace went on to find movie fame around the globe. Despite being Scotland's fourth largest city, Dundee is easily walkable and a great place to go on a character hunt to find the cast bronze statues of some of DC Thomson's most recognisable characters, including Desperate Dan and Minnie the Minx.
A real-life Neverland
About a 30-minute drive from Dundee, the Angus town of Kirriemuir was the birthplace of Peter Pan author J M Barrie. Known as the Gateway to the Glens thanks to its scenic location at the foot of the Braes of Angus, the author's birthplace is now a museum packed with theatre posters, costumes and life-sized cut outs of characters from Peter Pan. There's also a Peter Pan statue right on the High Street.
Then take a wander to the camera obscura, a gift to Kirriemuir from Barrie, which is a great place to see stunning panoramas of the Scottish countryside. In his later life, Barrie moved south to Moat Brae in Dumfries, which is credited with inspiring the enchanted world of Neverland. Right now, there's a big restoration project under way at the author's former Georgian home, with the reopening set for spring this year. When it's complete, the enchanted garden will have a pirate ship and lagoon, and be the site of Neverland-inspired trails along the banks of the River Nith.
Swashbuckling Aberdeen
In terms of historical literary figures, Scotland's Robert Louis Stevenson is perhaps the most famous. The author's birthday, November 13, is celebrated each year in Edinburgh, and further afield. Known for his 1886 Gothic fiction classic Dr Jekyll and Mr Hyde, Stevenson was also the man who wrote the children's adventure story Treasure Island. The tale follows Jim Hawkins, Captain Flint and Long John Silver in pursuit of buried treasure and is a classic pirate fable that has influenced almost every adventure story written since. For an overnight stay to remember, book a night in Aberdeenshire's Treasure Island Cottage, the traditional stone house in Braemar where Stevenson penned some of the book.
Take a day trip south to Fidra Island, where Stevenson holidayed as a child. The natural cove beach there was one of the inspirations for Treasure Island and kids will love spotting puffins, gulls and razorbills on its grassy slopes.
Northern Treasures
Head north with a drive towards Loch Ness, which is meant to be home to Scotland's mythical monster. Deep, dark and freezing cold, the loch stretches for over 37 kilometres between Fort Augustus and was the source of inspiration for Dick King Smith's novel The Water Horse – the story that inspired the movie Babe. The Water Horse was the author's Scotland-inspired tale that depicts an almost-believable story about an American tourist who learns about a young boy who discovers an egg washed up on the shores of Loch Ness. According to this easy-to-love children's classic, the egg hatched to reveal a magical water horse.
Let the kids wander the shorelines of Loch Ness looking for their own washed up objects and a chance to live out their own magical tale, or take a trip on the water to look for the real Nessie. If you are disappointed in your search, head to nearby Drumnadrochit to see imitation figures of the monster.
Island hopping
Staying on a northerly trail, wind your way towards the ferry crossings from the mainland to the Hebrides, Scotland's most remote locations and some of its most beautiful. This scattering of more than 50 islands offers remote beaches, emerald ocean waters and amazing wildlife. The region has also been the inspiration for a handful of children's tales, including Katie Morag – one of Scotland's most-loved redheads. The naughty heroine of these storybooks is from the fictional Isle of Struay, a place that's believed to have been inspired by the tiny island of Coll in the Inner Hebrides.
Writer Mairi Hedderwick used the island, which is known for its sandy beaches, to create Morag's home town. If adventures, mishaps and getting up to all sorts of mischief resonates with your kids, then the 17 Katie Morag books will be well-read. Make like Katie and take a picnic to Torastan beach or explore the village of Arinagour where the author used to live.
Emirates Literature Festival for Kids
You don’t have to travel to inspire your children’s imaginations. Head to this weekend’s Emirates Airline Festival of Literature in Dubai and let tiny minds run wild at these kid-centric sessions.
Kathy Hoopman
The co-author of Elemental Island, a story that follows 11-year-old Astatine, who lives in a place where implied, exaggerated autism is the norm, will be speaking at 10am on Friday. Hoopman’s session focuses on weaving story ideas around photographs and writing about special needs. Tickets cost Dh50 each.
Harriet Muncaster
Author and illustrator Harriet Muncaster is known for her fantastical tiny characters, such as part-vampire, part-fairy Isadora Moon. She will talk about creating magical worlds in words and pictures on Saturday at 10am. Tickets cost Dh50 each and the session is geared towards aged five and up.
Courtney Brandt
This is a good pick if you have young adult readers. Brandt is part of a session taking place on Saturday that focuses on history colliding with fantasy. She’ll be joined by Leo Carew and Rehan Khan at the session, which costs Dh75 and starts at 2pm.
Benji Davies
Should you keep your whale in the bath tub? Let award-winning author and illustrator Davies tell you what might happen if you do, at a session on Saturday that’s all about friendship. It starts at 2pm, and tickets cost Dh50 each.
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FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
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MATCH INFO
Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE
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
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
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The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton
'C'mon C'mon'
Director:Mike Mills
Stars:Joaquin Phoenix, Gaby Hoffmann, Woody Norman
Rating: 4/5
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Most sought after workplace benefits in the UAE
- Flexible work arrangements
- Pension support
- Mental well-being assistance
- Insurance coverage for optical, dental, alternative medicine, cancer screening
- Financial well-being incentives
UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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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.”
FIXTURES
All times UAE ( 4 GMT)
Friday
Saint-Etienne v Montpellier (10.45pm)
Saturday
Monaco v Caen (7pm)
Amiens v Bordeaux (10pm)
Angers v Toulouse (10pm)
Metz v Dijon (10pm)
Nantes v Guingamp (10pm)
Rennes v Lille (10pm)
Sunday
Nice v Strasbourg (5pm)
Troyes v Lyon (7pm)
Marseille v Paris Saint-Germain (11pm)
Company Profile
Company name: Yeepeey
Started: Soft launch in November, 2020
Founders: Sagar Chandiramani, Jatin Sharma and Monish Chandiramani
Based: Dubai
Industry: E-grocery
Initial investment: $150,000
Future plan: Raise $1.5m and enter Saudi Arabia next year
Cricket World Cup League 2
UAE squad
Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind
Fixtures
Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid