The January transfer window in Europe is poised to open this weekend, with the bulk of the spending set to be done by clubs in the Premier League.
Among the continent’s leading nations, clubs in Spain will be the first ones to be able to sign reinforcements, with the window there opening on Friday and shutting on January 30.
In England, Germany and France, the window opens on Saturday, January 3 and will not shut until Monday, February 2, while a shorter window in Italy opens from January 5.
Read more: The National’s Transfer Talk page
Premier League teams splurged a record £835 million (Dh4.7 billion) in the summer and they should again be the busiest in this shorter window.
Most of the movement is unlikely to come before the final, crazy days of the window, but in the meantime much of the talk will surround Manchester United, who are said to have no upper limit on the amounts they can spend.
The Old Trafford club spent a net sum of £122m in the summer, but manager Louis van Gaal still needs to strengthen at the back in particular.
He has been linked with moves for fellow Dutchman Ron Vlaar, of Aston Villa, and Borussia Dortmund’s Mats Hummels, while Dutch midfielder Kevin Strootman of Roma is another target.
Elsewhere, Manchester City’s spending potential is limited because of Financial Fair Play, but Chelsea are set to sign Croatian striker Andrej Kramaric from Rijeka for £7 million and loan him to Dutch side Vitesse Arnhem.
Southampton have agreed a deal to bring in Dutch winger Eljero Elia on loan from Werder Bremen and new managers – Tony Pulis at West Bromwich Albion and possibly Alan Pardew at Crystal Palace – will be given funds.
In contrast, Liverpool manager Brendan Rodgers has said he will be quiet this month.
“There won’t be a lot of activity, if any, in January,” he said. “I don’t think it is a good time to spend. Last year we never brought anyone in.
“We brought in a lot of players (in the summer) who we felt could develop and they are starting to adapt. My job is to coach and manage the players here and maximise that talent.”
In Spain, Real Madrid are seemingly focusing their energy on the pursuit of Dortmund and Germany star Marco Reus while dismissing suggestions they will allow Gareth Bale to depart.
“We would never listen to any offer for Bale regardless of the amount,” said Madrid president Florentino Perez.
Nevertheless, midfielder Sami Khedira is out of contract in the summer so can now negotiate his next move, and the reigning European champions could replace him with Brazilian prospect Lucas Silva, of Cruzeiro.
Meanwhile, Barcelona cannot sign any new players until 2016 after the Court of Arbitration for Sport upheld a one-year transfer ban imposed by Fifa for breaching rules on signing youth players.
Instead they must focus their energy on offering new terms to right-back Dani Alves, who is out of contract in the summer.
Atletico Madrid have already moved to bring back former idol Fernando Torres, who arrives after a disappointing six months in Italy with AC Milan.
Moving in the other direction is former Torino man Alessio Cerci, who only departed Serie A in the summer.
Much of the transfer speculation in Italy surrounds champions Juventus, who appear unlikely to get Bayern Munich’s Xherdan Shaqiri but have been linked with a move for Galatasaray’s Wesley Sneijder, and Inter Milan, who recently brought back Roberto Mancini as coach.
January is not usually a busy time in Germany, where Bayern are likely to be busiest trying to offload Shaqiri, while Wolfsburg have signed China midfielder Zhang Xizhe and struggling Dortmund have captured Slovenia midfielder Kevin Kampl from Red Bull Salzburg.
In France, Paris Saint-Germain – hampered by Financial Fair Play restrictions – need to sell before they can buy, while Lyon president Jean-Michel Aulas has dismissed claims that he will listen to offers for leading scorer Alexandre Lacazette.
However, Andre-Pierre Gignac and Andre Ayew will be out of contract at Ligue 1 leaders Marseille in the summer so can negotiate moves elsewhere.
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Brave CF 27 fight card
Welterweight:
Abdoul Abdouraguimov (champion, FRA) v Jarrah Al Selawe (JOR)
Lightweight:
Anas Siraj Mounir (TUN) v Alex Martinez (CAN)
Welterweight:
Mzwandile Hlongwa (RSA) v Khamzat Chimaev (SWE)
Middleweight:
Tarek Suleiman (SYR) v Rustam Chsiev (RUS)
Mohammad Fakhreddine (LEB) v Christofer Silva (BRA)
Super lightweight:
Alex Nacfur (BRA) v Dwight Brooks (USA)
Bantamweight:
Jalal Al Daaja (JOR) v Tariq Ismail (CAN)
Chris Corton (PHI) v Zia Mashwani (PAK)
Featherweight:
Sulaiman (KUW) v Abdullatip (RUS)
Super lightweight:
Flavio Serafin (BRA) v Mohammad Al Katib (JOR)
Meydan racecard:
6.30pm: Al Maktoum Challenge Round 2 (PA) Group 1 | US$75,000 (Dirt) | 2,200 metres
7.05pm: UAE 1000 Guineas (TB) Listed | $250,000 (D) | 1,600m
7.40pm: Meydan Classic Trial (TB) Conditions | $100,000 (Turf) | 1,400m
8.15pm: Al Shindagha Sprint (TB) Group 3 | $200,000 (D) | 1,200m
8.50pm: Handicap (TB) | $175,000 (D) | 1,600m
9.25pm: Handicap (TB) | $175,000 (T) | 2,000m
10pm: Handicap (TB) | $135,000 (T) | 1,600m
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
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The%20US%20Congress%20explained
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SHAITTAN
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The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
UAE v United States, T20 International Series
Both matches at ICC Academy, Dubai. Admission is free.
1st match: Friday, 2pm
2nd match: Saturday, 2pm
UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Rameez Shahzad, Amjad Gul, CP Rizwan, Mohammed Boota, Abdul Shakoor, Ahmed Raza, Imran Haider, Sultan Ahmed, Zahoor Khan, Amir Hayat
USA squad: Saurabh Netravalkar (captain), Jaskaran Malhotra, Elmore Hutchinson, Aaron Jones, Nosthush Kenjige, Ali Khan, Jannisar Khan, Xavier Marshall, Monank Patel, Timil Patel, Roy Silva, Jessy Singh, Steven Taylor, Hayden Walsh
Poacher
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Company%C2%A0profile
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