• Brazil SailGP team on the Day One of Emirates Dubai Sail Grand Prix Race in Port Mina Rashid, Dubai, on Saturday, November 2024. All Photos Ahmed Ramzan for The National
    Brazil SailGP team on the Day One of Emirates Dubai Sail Grand Prix Race in Port Mina Rashid, Dubai, on Saturday, November 2024. All Photos Ahmed Ramzan for The National
  • Australia SailGP team on their way to taking the lead after the first day's sailing.
    Australia SailGP team on their way to taking the lead after the first day's sailing.
  • The teams fight it out at close quarters.
    The teams fight it out at close quarters.
  • Race action from Day One in Dubai.
    Race action from Day One in Dubai.
  • Teams battle it out during the race.
    Teams battle it out during the race.
  • Brazil SailGP team in action on the opening day of the Emirates Dubai Sail Grand Prix Race.
    Brazil SailGP team in action on the opening day of the Emirates Dubai Sail Grand Prix Race.
  • The Canada SailGP team.
    The Canada SailGP team.
  • Spectators buy flags to cheer on their teams.
    Spectators buy flags to cheer on their teams.
  • The Germany team during the race.
    The Germany team during the race.
  • The New Zealand SailGP team.
    The New Zealand SailGP team.
  • Teams battle for position.
    Teams battle for position.
  • Great Britain SailGP team in action.
    Great Britain SailGP team in action.
  • People arrive for the first day of racing in Dubai.
    People arrive for the first day of racing in Dubai.
  • Participants during the opening day's racing.
    Participants during the opening day's racing.
  • Spectators watch the racing in Dubai.
    Spectators watch the racing in Dubai.
  • The New Zealand and USA teams in action.
    The New Zealand and USA teams in action.
  • Spectators watch the action.
    Spectators watch the action.
  • Musicians on the opening day of the event.
    Musicians on the opening day of the event.
  • People arrive for the Sail GP.
    People arrive for the Sail GP.

Emirates SailGP: Australia top table after opening day of season in Dubai


Amith Passela
  • English
  • Arabic

Australia took the honours by edging out New Zealand on the opening day of the SailGP season in the Emirates Dubai Sail Grand Prix on Saturday.

The Australians produced a stunning final race win at the Port Rashid Cruise Terminal-2 to finish the first day on 24 points, followed by New Zealand a point behind them and Great Britain, racing under the Emirates banner, in joint third alongside Canada and the US on 18 each.

“There's a lot of snakes and ladders out there but we had a really good day. We're going to be happier. We had a good start to the season. Good day,” said Australian driver Tom Slingsby.

“Obviously there's a lot more that we need to do. We need to have a good day tomorrow to lock it in. Lock in that final position and then have it shot.”

Australia are three-time champions but their title hopes last year was dashed by Spain. They are out to regain their crown and their start shows they are up among the favourites.

Sporting a new livery and racing for the first time with new wing trimmer, Chris Draper, the Aussies showed superb tactical decision-making to pick up consistent 3-5-1 race results, taking a stunning win in the third fleet race.

“The starts of the races look so tricky. Obviously a pretty tough second one but that third one just came in and you found that gap,” Slingsby said.

“I think in the second start we were going backwards when the gun went and we were last at the first mark. And, yeah, the last one we had a little gap and we snuck through and got on the foil and we sailed away. That was great.”

Dylan Fletcher of Emirates GBR said it was a difficult first day for them at the SailGP, but was looking ahead after finishing close on the heels of the leaders Australia and New Zealand.

“Dubai is a fantastic venue, nice and warm, flat water but difficult conditions out there with the 11 boats,” the Briton said.

“Ultimately, I think we've just about managed to come through unscathed. Looking forward to racing tomorrow. I think we take the learnings from today.

“It's my first time with the big wing, first time racing 11 boats so yeah there's lots of learning to do and we're just looking forward to getting out there again, you know, it was a great first day, the crowd, the support, being a local team it was brilliant.”

Mubadala Brazil, making their debut in Dubai, finished second last, which wasn’t what they were looking for, according to Martine Grael, the only female driver in the 11 boats.

“We had some issues in the first two races but we fixed it ahead of the last race and got into the racing,” she said.

“Obviously it's not the result we were looking for, but I think trying to weaken a few H2 mode endowments and trying to get better for the next day, that's always our goal.

“Sometimes you just have to deal with what you have and try to make the best out of it.”

Taylor Canfield’s United States converted an excellent start into a decisive win in the opening race, while race two saw a perfect start for Canada and Brazil, with the pair going head-to-head in a light wind drag race to Mark 1.

But Canada pushed Brazil wide, causing the fledgling team to drop behind the rest of the fleet and finish 10th, while Canada took the win under new driver Giles Scott.

An expertly timed run up to the start line saw the Australia scream into a crowded line-up in the third fleet race, win the sprint to Mark 1 and pop up on to the foils to pull away.

Emirates GBR and Canada followed closely behind, but Australia stretched ahead to cross the line with a near two-minute lead over the British in second.

The most dramatic moment of the day however saw newcomer Brazil execute a last-minute dash to the finish line, passing four boats to finish in sixth.

Racing resumes at 2pm on Sunday, with two further fleet races scheduled ahead of the winner-takes-all final.

The season sees 12 catamaran teams representing 12 nations competing over 14 championship rounds starting in Dubai, with the finale in Abu Dhabi. There will be races in Brazil, Germany, Switzerland and New Zealand, as well as a return to the UK and New York.

The UAE already plays host to numerous international sporting events including the likes of UFC, cricket, Formula One, tennis and horse racing. And now Dubai and Abu Dhabi have the prestigious honour of staging the opening and concluding races on the SailGP calendar.

“In my view, the UAE is becoming the sporting capital of the world and we want to support establishing that as part of what the Emirates identity is,” Sail GP managing director Andrew Thompson said at the launch ceremony on Friday.

“It's quite a statement to have the opening event here in Dubai and then the final in Abu Dhabi. We have got a fantastic site here in Dubai and are looking at some sites in Abu Dhabi that will really showcase the UAE capital to the world for that final event in November next year.”

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

Updated: November 24, 2024, 5:12 AM