Balqees Al Hahsemi during her final against Anne Custodio of the Philippines at the Jiu-Jitsu World Championship. Photo: UAEJJF
Balqees Al Hahsemi during her final against Anne Custodio of the Philippines at the Jiu-Jitsu World Championship. Photo: UAEJJF
Balqees Al Hahsemi during her final against Anne Custodio of the Philippines at the Jiu-Jitsu World Championship. Photo: UAEJJF
Balqees Al Hahsemi during her final against Anne Custodio of the Philippines at the Jiu-Jitsu World Championship. Photo: UAEJJF

Faisal Al Ketbi and Balqees Al Hashemi win gold for UAE in Jiu-Jitsu World Championship


Amith Passela
  • English
  • Arabic

Faisal Al Ketbi and Balqees Al Hashemi struck gold for the UAE on the opening day of the Jiu-Jitsu World Championship in the Mongolia capital Ulan Bator on Tuesday.

Al Ketbi, the most decorated Emirati jiu-jitsu fighter, overcame Israel's Roy Dagan in the 94kg final and Al Hashemi defeated Anne Custodio of the Philippines to take the women’s 45kg gold.

Saeed Al Kubaisi had to settle for silver after losing to Portugal's Pedro Ramalho in the men’s 84kg while Aysha Al Shamsi bagged bronze, also in the women’s 45kg.

“We are still at the beginning of the competition, and I have full confidence in the ability of my teammates to achieve the desired results and increase the UAE’s medal count. We stand in full support of them,” Al Ketbi said.

Al Hashemi also expressed her delight in winning her first gold in a world championship. “I believe the training camp in Sweden played a crucial role in my preparation for the event, which ultimately led to this impressive result,” she said.

“I would like to express my heartfelt gratitude to coach Ramon Lemos, who constantly motivates the athletes to unleash their potential and perform at their best. I can’t describe the immense pride we feel when we see the UAE flag on the podium and hear the national anthem.”

Fahad Ali Al Shamsi, general secretary of the UAE Jiu-Jitsu Federations and head of the UAE national team delegation in the tournament heaped praise on the athletes for their achievements.

Faisal Al Ketbi receieves his gold medal at the Jiu-Jitsu World Championship. Photo: UAEJJF
Faisal Al Ketbi receieves his gold medal at the Jiu-Jitsu World Championship. Photo: UAEJJF

“The number of medals today is a reason for optimism in our pursuit of retaining the championship title,” he said.

“The male and female fighters delivered a wonderful performance, with Balqees standing out as she made history by becoming the first female UAE champion to win gold in the adults’ category in the World Jiu-Jitsu Championship.

“These results showcase the Federation’s success strategy in uncovering talents and nurturing champions with the highest international standards.

“The team had a promising start in the tournament, and we are optimistic about our athletes’ ability to continue improving their performance in the upcoming competitions over the next two days.”

The championship will continue into the second day with men in the weight categories of 62kg, 69kg, and over 94kg, and for women, the weight categories will be 52kg and 57kg.

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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Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

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Updated: July 18, 2023, 4:18 PM