• Victor Wembanyama during introductions before the NBA basketball draft, Thursday, June 22, 2023, in New York. AP Photo
    Victor Wembanyama during introductions before the NBA basketball draft, Thursday, June 22, 2023, in New York. AP Photo
  • French basketball player Victor Wembanyama looks on before being picked by the San Antonio Spurs during the NBA Draft at Barclays Center in New York city, on June 22, 2023. AFP
    French basketball player Victor Wembanyama looks on before being picked by the San Antonio Spurs during the NBA Draft at Barclays Center in New York city, on June 22, 2023. AFP
  • Victor Wembanyama speaks to the media after being drafted first overall pick by the San Antonio Spurs during the first round of the 2023 NBA Draft. AFP
    Victor Wembanyama speaks to the media after being drafted first overall pick by the San Antonio Spurs during the first round of the 2023 NBA Draft. AFP
  • Fans of French basketball player Victor Wembanyama in the stands before the start of the 2023 NBA Draft. EPA
    Fans of French basketball player Victor Wembanyama in the stands before the start of the 2023 NBA Draft. EPA
  • French basketball player Victor Wembanyama shakes hands with NBA commissioner Adam Silver after being picked by the San Antonio Spurs during the NBA Draft. AFP
    French basketball player Victor Wembanyama shakes hands with NBA commissioner Adam Silver after being picked by the San Antonio Spurs during the NBA Draft. AFP
  • A fan displays a French basketball player Victor Wembanyama jersey after his selection as San Antonio Spurs's No 1 pick during an NBA Draft Watch Party at the AT&T Center in San Antonio, Texas. AFP
    A fan displays a French basketball player Victor Wembanyama jersey after his selection as San Antonio Spurs's No 1 pick during an NBA Draft Watch Party at the AT&T Center in San Antonio, Texas. AFP
  • San Antonio Spurs head coach Gregg Popovich speaks after the Spurs picked Victor Wembanyama. EPA
    San Antonio Spurs head coach Gregg Popovich speaks after the Spurs picked Victor Wembanyama. EPA
  • A fan holds a photo of Victor Wembanyama during an NBA basketball draft watch party at the AT&T Center in San Antonio. AP Photo
    A fan holds a photo of Victor Wembanyama during an NBA basketball draft watch party at the AT&T Center in San Antonio. AP Photo
  • French basketball player Victor Wembanyama celebrates after being picked by the San Antonio Spurs during the NBA Draft at Barclays Center in New York city. AFP
    French basketball player Victor Wembanyama celebrates after being picked by the San Antonio Spurs during the NBA Draft at Barclays Center in New York city. AFP
  • French basketball player Victor Wembanyama on stage with NBA commissioner Adam Silver. EPA
    French basketball player Victor Wembanyama on stage with NBA commissioner Adam Silver. EPA
  • French basketball player Victor Wembanyama claps after being picked by the San Antonio Spurs during the NBA Draft at Barclays Center in New York city, on June 22, 2023. France's Victor Wembanyama was chosen with the top pick in the NBA Draft by the San Antonio Spurs on June 22, 2023, sparking wild celebrations as the Texas club reveled in landing the gifted teenager seen as a once-in-a-generation talent. (Photo by TIMOTHY A. CLARY / AFP)
    French basketball player Victor Wembanyama claps after being picked by the San Antonio Spurs during the NBA Draft at Barclays Center in New York city, on June 22, 2023. France's Victor Wembanyama was chosen with the top pick in the NBA Draft by the San Antonio Spurs on June 22, 2023, sparking wild celebrations as the Texas club reveled in landing the gifted teenager seen as a once-in-a-generation talent. (Photo by TIMOTHY A. CLARY / AFP)

Victor Wembanyama: San Antonio Spurs select French star first pick in NBA Draft


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The least surprising part of the 2023 NBA Draft was the first overall selection.

The San Antonio Spurs confirmed the least protected secret in sports when they chose French phenom Victor Wembanyama with the No 1 overall pick in the 2023 NBA Draft on Thursday in New York.

Wembanyama, 19, is considered the most coveted draft prospect since LeBron James in 2003.

"This is accomplishing something that I have been dreaming of my whole life," Wembanyama said on ESPN's broadcast. "Hearing that sentence from [NBA commissioner] Adam Silver, I've dreamed of it so much that I have to cry, man."

Listed at 7-foot-4, Wembanyama is expected to be an immediate difference-maker in the NBA. He has strong floor play, likes to shoot from outside and is effective in the interior.

Wembanyama averaged 20.6 points, 10.1 rebounds, 3.0 blocked shots and 2.5 assists in 44 games this season for the Boulogne-Levallois Metropolitans 92 this season.

The Spurs have won five NBA titles under coach Gregg Popovich and have previously hit the No 1 overall draft pick jackpot twice with the selections of future Hall of Famers David Robinson (1987) and Tim Duncan (1997).

Wembanyama wants to join Robinson and Duncan as championship winners.

"It's tough to win in this league," Wembanyama said. "My goal is to try and learn as much as possible because I want to win that ring."

Alabama forward Brandon Miller went No 2 overall to the Charlotte Hornets, and G League Ignite point guard Scoot Henderson went third to the Portland Trail Blazers.

The Thompson twins went back-to-back to round out the top five selections. Amen Thompson went to the Houston Rockets at No 4 and Ausar Thompson went fifth to the Detroit Pistons.

The Overtime Elite products are the first brothers to be selected in the first round of the same draft since Markieff Morris (13th to the Phoenix Suns) and Marcus Morris (14th to the Rockets) in 2011. They are also just the second set of brothers to be selected in the top five, joining Lonzo Ball (No 2 to the Los Angeles Lakers in 2017) and younger brother LaMelo (No 3 to the Hornets in 2020).

Charlotte, meanwhile, was torn between choosing Miller or Henderson. The Hornets ultimately went with Miller, who is a better fit with point guard LaMelo Ball.

"I think I kind of fill in a place for him," Miller said of Ball. "He's a great vet now and he has the most experience. I know he will be the big brother for me away from home."

Miller was the Southeastern Conference Player of the Year during his one college season. He averaged 18.8 points and 8.2 rebounds.

Henderson played two seasons in the G League. He averaged 17.6 points, 6.6 assists and 5.1 rebounds last season.

He is the second-highest drafted player out of the G League. Jalen Green was selected second overall by the Rockets in 2021.

"They are getting a dog who is going to come in and be hungry," Henderson said of joining the Trail Blazers. "I'm young but I've got a mature mindset and that's to work and come in and make a real impact, not just the basketball side but in the community. They're getting a special player, a special person."

Amen Thompson, a 6-6 guard, averaged 16.4 points, 5.9 rebounds, 5.9 assists and 2.3 steals last season, his second with Overtime Elite.

"I'm excited to be a Rocket, ... just playing with these athletic guys," Thompson said. "I feel like my best brand of basketball is running. We're a young team."

Ausar Thompson, a swingman, averaged 16.3 points, 7.1 rebounds, 6.1 assists and 2.4 steals last season.

"I've never seen anything like this," Ausar Thompson said of being drafted in the top five along with his brother. "It feels nice to make history with Amen."

At No 6, the Orlando Magic chose Arkansas guard Anthony Black. The Indiana Pacers followed by picking French forward Bilal Coulibaly, who was a teammate of Wembanyama on the Metropolitans 92. The Washington Wizards took forward Jarace Walker at No 8.

Minutes later, Indiana traded Coulibaly to the Wizards for Walker and two 2028 second-round draft picks.

UCF forward Taylor Hendricks went No 9 to the Utah Jazz. The Dallas Mavericks chose Kentucky guard Cason Wallace to round out the top 10, then traded him to the Oklahoma City Thunder along with forward Davis Bertans for No. 12 pick Dereck Lively II, a center from Duke.

The other lottery selections were Michigan guard Jett Howard at No. 11 to the Orlando Magic, Kansas guard Gradey Dick at No. 13 to the Toronto Raptors and UConn guard Jordan Hawkins at No 14 to the New Orleans Pelicans. Hawkins starred during the Huskies' run to the national championship.

The Atlanta Hawks chose Michigan guard Kobe Bufkin at No 15 as he and Howard became the first set of top-15 Wolverines' draft picks since 1994. Juwan Howard, the current Michigan coach and father of Jett, went fifth overall to the then-Washington Bullets that year, and Jalen Rose was selected 13th by the Denver Nuggets.

The Jazz selected Baylor guard Keyonte George at No. 16, the Lakers tabbed Indiana guard Jalen Hood-Schifino at No 17, and the Miami Heat chose UCLA forward Jaime Jaquez Jr at No. 18.

At No 19, the Golden State Warriors picked Santa Clara guard Brandin Podziemski. Villanova forward Cam Whitmore, projected by some draft prognosticators as a top-five pick, finally went off the board at No 20 to the Rockets.

Among the late first-round selections, Iowa forward Kris Murray was chosen by Portland at No. 23. Murray is the twin brother of Keegan Murray, who set the NBA rookie record for 3-point baskets (206) last season.

Houston guard Marcus Sasser was selected 25th overall by the Memphis Grizzlies and is expected to be dealt to the Pistons. He was the Cougars' first consensus first-team All-American since Hakeem Olajuwon (1983-84 season).

Gonzaga guard Julian Strawther was picked at No. 29 by the Pacers, and he is expected to end up with the NBA champion Denver Nuggets. The final pick of the first round was Missouri forward Kobe Brown, chosen by the Los Angeles Clippers.

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Manchester City v Hoffenheim, midnight (Wednesday, 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 wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Fourth Arab Economic and Social Development Summit

As he spoke, Mr Aboul Gheit repeatedly referred to the need to tackle issues affecting the welfare of people across the region both in terms of preventing conflict and in pushing development.
Lebanon is scheduled to host the fourth Arab Economic and Social Development Summit in January that will see regional leaders gather to tackle the challenges facing the Middle East. The last such summit was held in 2013. Assistant Secretary-General Hossam Zaki told The National that the Beirut Summit “will be an opportunity for Arab leaders to discuss solely economic and social issues, the conference will not focus on political concerns such as Palestine, Syria or Libya". He added that its slogan will be “the individual is at the heart of development”, adding that it will focus on all elements of human capital.

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Wales: T: Wainwright, Moriarty. Cons: Biggar (2) Pens: Biggar 2

France: T: Vahaamahina, Ollivon, Vakatawa Cons: Ntamack (2)

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Updated: June 23, 2023, 4:24 AM