An aerial view of the harbour of Manaus, in northern Brazil, which will rise to global prominence next month as one of the host cities for the Fifa World Cup. The city marries colonial architecture with modern developments. Bruno Kelly / Reuters
An aerial view of the harbour of Manaus, in northern Brazil, which will rise to global prominence next month as one of the host cities for the Fifa World Cup. The city marries colonial architecture with modern developments. Bruno Kelly / Reuters
An aerial view of the harbour of Manaus, in northern Brazil, which will rise to global prominence next month as one of the host cities for the Fifa World Cup. The city marries colonial architecture with modern developments. Bruno Kelly / Reuters
An aerial view of the harbour of Manaus, in northern Brazil, which will rise to global prominence next month as one of the host cities for the Fifa World Cup. The city marries colonial architecture wi

The Amazonian city of Manaus, Brazil, is more than just a World Cup 2014 host


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I take a seat within the theatre’s elegant interior, featuring intricate frescoes, Louis XV-style furniture and beautiful, marble-mined columns from the Italian city of Carrara. Members of the audience whisper in hushed tones, as they take in their sumptuous surrounds before the lights are dimmed, signalling the beginning of the performance. I could be in Milan’s La Scala or Moscow’s Bolshoi Theatre, yet I’m in the most unlikely location: in the heart of the Amazon, about 1,300 kilometres from the Atlantic Ocean in a city surrounded by the world’s largest rainforest.

Built at the height of the rubber boom in 1896, the Manaus Opera House was constructed entirely with materials shipped from Europe. The wrought-iron framework for the theatre’s boxes and balconies were brought from Paris; the roofing tiles – 36,000 enamelled ceramic scales in the colours of the Brazilian flag – came from Alsace in France, while the columns, statues and stairways were imported from Italy. The materials travelled thousands of kilometres by ship across the Atlantic and up the murky waters of the Amazon River, and were painstakingly reassembled in the stifling Amazonian heat.

The city seems largely unchanged since my last visit here a few years ago, yet this time, as I saunter along streets thronged with people, I’m repeatedly forced to duck under rows of scaffolding, a reminder of the scores of new hotels that are rapidly being constructed for the upcoming Fifa World Cup. Around me, there’s excited talk of the impending event, although many locals’ fears are apparent: “I am happy and proud about the World Cup being held here, but I don’t think we’re ready yet; it may end up being a huge embarrassment to Brazil instead,” says a local resident. Her worries are not unjustified. Since its construction, the Arena Amazônia stadium has been beset by problems – not least the adverse publicity arising from the death of three workers.

Yet Manauenses hope that this worldwide event will once again place their city on a map and bring back some of the city’s former glory, which was prematurely circumscribed when the Englishman Henry Wickham smuggled 70,000 rubber tree seeds out of the Amazon in 1876, which eventually led to rubber trees being planted in Malaya. This caused the price of Brazilian rubber to collapse, thereby propelling Manaus into a spiral of economic decline.

In the mid-19th century the Amazon experienced an economic changeover, as the region’s much-prized native rubber tree Hevea brasiliensis became an invaluable commodity on international markets. European merchants settled in the Amazon to make their fortunes, constructing cities that mimicked Europe’s grandest. Manaus was nicknamed the “Paris of the tropics”, and attracted European adventurers who lived in much the same way as their counterparts across the Atlantic. Such fortunes were made in this part of the world, that it’s said that rubber barons lit cigars with dollar bills, while their wives sent their laundry all the way back to Europe to be washed.

Today, Manaus retains a handful of elaborate rubber-boom buildings dwarfed by a sprawling mass of concrete blocks. The government declared the city a free-trade zone in the mid-20th century, in an attempt to revive the area and encourage the growth of the private sector by providing fiscal incentives. Unlike a century ago, when the city appealed to Europe’s wealthiest merchants, Manaus is now a magnet for un- and underemployed labourers, searching for a new beginning.

As per my other visits here, I’m drawn to the waterfront, a hubbub of activity where dozens of colourful boats load and unload cargo, from exotic foodstuffs to farm animals. Swarms of passengers come to and fro, seeking out the boat that will travel down the Amazon River, or upstream along one of its tributaries. Along the river, to the east and west of town is a jumble of wooden stilt dwellings, housing part of the city’s ever-growing population of about two million.

Nearby is the art nouveau Mercado Municipal Adolpho Lisboa, another reminder of the city’s bygone days. Completed in 1882, the market was modelled on Les Halles marketplace in Paris and, similar to most other rubber-boom buildings in the city, its building materials were imported from Europe. Today, the market is still functioning, and displays include medicinal Amazonian herbs, vegetables, meats and crafts woven from plant fibres, including beautiful basketry. Curiously, the design of the 40,000-plus-seater arena that will host the World Cup was inspired by the region’s age-old arts and crafts tradition – the stadium’s metal structure is designed to resemble a handcrafted wicker basket.

Men stoop as they load heavy crates onto their backs, scurrying back and forth from the harbour to unload goods from rickety vessels. The eastern waterfront is home to the Feira do Peixe (Fish Market), where hundreds of colourful freshwater fish are on display. About 5,000 species of fish live in the Amazon’s network of waterways and river basins, and the tributaries of the Rio Negro harbour some of the region’s most exotic species, including piranha (red belly piranha is much-prized to make piranha stew), pirarucu (one of the largest freshwater fish in the world at more than 200 kilograms) and tucunaré (a prized game fish).

Lying along one of the world’s richest river systems means that fish form the basis of most Amazonian dishes, whether poached, stewed, fried, grilled, breaded, marinated, roasted or even stuffed. Fish is often accompanied by farinha de mandioca, an essential condiment that is made of ground cassava roots. Tucupi is a sauce made from manioc root juice, and is used as the base ingredient in many soups, as well as being served as a sauce over fish and duck. One of northern Brazil’s most popular dishes is tacacá, a tucupi-based soup containing shrimp, hot pepper and jambu, a native anaesthetising plant that is quite a novelty to try. All of these dishes would be incomplete without the region’s tantalising range of nutritious juices, made from exotic-sounding fruits such as guarana, acerola, cupuaçu and açaí (none readily translatable into English), the latter traditionally enjoyed ice-cold as a refreshing and energising snack.

Despite its apparent exotic appeal, Manaus, with its mushrooming high-rises and its urban sprawl, is now a daunting metropolis for most visitors, who tend to use it as a base to explore the surrounding area. Yet, the impending World Cup may change that as the city tries to reinvent itself as a destination in its own right, with an ever-growing number of museums, restaurants and attractions. Eco-tourism is currently one of the city’s major economic ­alternatives.

Being surrounded by the world’s largest rainforest does mean that there’s plenty on offer for nature enthusiasts. Less than 15km outside Manaus is the meeting of the waters, where the Rio Negro and the Rio Solimões form the mighty Amazon. The black waters of the Rio Negro, which flows through Manaus, converge with the murky waters of the Rio Solimões, yet do not immediately mix because of differences in temperature, density and speed, their waters flowing side by side for more than 10km.

I escape the city’s clutches in favour of a few nights at a jungle lodge 180km north of Manaus in the Archipelago of Anavilhanas, one of the world’s largest river archipelagos, home to over 400 islands, hundreds of lakes, snaking rivers and igarapé (natural waterways), harbouring some of the area’s most diverse species of flora and fauna, including more than 350 species of fish. Here, I’m gently awoken by a soothing orchestra of jungle sounds, which makes for a welcome respite from Manaus’s loud, traffic-choked streets. As I glide along verdant creeks in a wooden canoe, I quietly listen to the sounds of the forest, taking in the wilderness around me. I head on a jungle trek and learn about the rainforest’s numerous medicinal plants; my guide points out the famed Hevea brasiliensis rubber tree, and he gently makes a gash in its bark with the blade of his machete, leading the tree’s milky sap to ooze down the trunk – the substance that, for a brief time, brought great wealth to the rapacious rubber barons, whose opera house attempted to mimic its European counterparts.

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Abu Dhabi GP Saturday schedule

12.30pm GP3 race (18 laps)

2pm Formula One final practice 

5pm Formula One qualifying

6.40pm Formula 2 race (31 laps)

Russia's Muslim Heartlands

Dominic Rubin, Oxford

Afghanistan squad

Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.

Frankenstein in Baghdad
Ahmed Saadawi
​​​​​​​Penguin Press

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

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About Seez

Company name/date started: Seez, set up in September 2015 and the app was released in August 2017  

Founder/CEO name(s): Tarek Kabrit, co-founder and chief executive, and Andrew Kabrit, co-founder and chief operating officer

Based in: Dubai, with operations also in Kuwait, Saudi Arabia and Lebanon 

Sector:  Search engine for car buying, selling and leasing

Size: (employees/revenue): 11; undisclosed

Stage of funding: $1.8 million in seed funding; followed by another $1.5m bridge round - in the process of closing Series A 

Investors: Wamda Capital, B&Y and Phoenician Funds 

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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MATCH INFO

Uefa Champions League quarter-final, second leg (first-leg score)

Porto (0) v Liverpool (2), Wednesday, 11pm UAE

Match is on BeIN Sports

Profile of MoneyFellows

Founder: Ahmed Wadi

Launched: 2016

Employees: 76

Financing stage: Series A ($4 million)

Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund

THE SPECS

Engine: 3.6-litre V6

Transmission: eight-speed automatic

Power: 285bhp

Torque: 353Nm

Price: TBA

On sale: Q2, 2020

COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)

Date started: August 2021

Founder: Nour Sabri

Based: Dubai, UAE

Sector: E-commerce / Marketplace

Size: Two employees

Funding stage: Seed investment

Initial investment: $200,000

Investors: Amr Manaa (director, PwC Middle East) 

Where to apply

Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020

Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.

The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020. 

The biog

Name: Greg Heinricks

From: Alberta, western Canada

Record fish: 56kg sailfish

Member of: International Game Fish Association

Company: Arabian Divers and Sportfishing Charters

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In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

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Our legal consultants

Name: Hassan Mohsen Elhais

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

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Ferrari
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Teams

Pakistan: Sarfraz Ahmed (captain), Mohammad Hafeez, Sahibzada Farhan, Babar Azam, Shoaib Malik, Asif Ali, Shadab Khan, Shaheen Shah Afridi, Usman Khan Shanwari, Hasan Ali, Imad Wasim, Faheem Ashraf.

New Zealand: Kane Williamson (captain), Corey Anderson, Mark Chapman, Lockie Ferguson, Colin de Grandhomme, Adam Milne, Colin Munro, Ajaz Patel, Glenn Phillips, Seth Rance, Tim Seifert, Ish Sodhi, Tim Southee, Ross Taylor.

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