Oleksandr Usyk of Ukraine poses with his national flag ahead of his heavyweight title defence on Saturday night. EPA
Oleksandr Usyk of Ukraine poses with his national flag ahead of his heavyweight title defence on Saturday night. EPA
Oleksandr Usyk of Ukraine poses with his national flag ahead of his heavyweight title defence on Saturday night. EPA
Oleksandr Usyk of Ukraine poses with his national flag ahead of his heavyweight title defence on Saturday night. EPA

Oleksandr Usyk fighting for all Ukrainians as he faces Britain's Daniel Dubois


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Oleksandr Usyk kept it short and sweet during Thursday’s press conference ahead of this weekend’s world heavyweight title clash with British underdog Daniel Dubois.

Usyk will take on mandatory challenger Dubois at the Tarczynski Arena in Wroclaw on Saturday night with his WBA, IBF and WBO belts on the line.

A crowd of up to 43,000 will be able to attend and support for Usyk will be strong given a number of Ukraine natives now reside in Poland since Russia’s invasion of their country last year.

Ukrainian hero Usyk has embraced the role of home favourite during this fight week but took the unusual step on Wednesday of spending some of his open workout by enthusiastically dancing, which delighted his ringside fans.

The 36-year-old continued that eccentricity on Thursday by answering only one question during a short press conference, where his opponent Dubois was largely a bystander until the duo took part in a drama-free face-off.

Usyk started: “Hi everybody, what’s up? I am grateful for my team, my family, my wife, I love you Katerina, my country and Ukrainian soldiers. Thank you so much.

“My preparation is all good. We do a lot of work, with swimming, we play football, we dancing, yeah. Enough?”

Alex Krassyuk, Usyk’s promoter, brought the press conference to a close soon after but only after the former undisputed world cruiserweight champion was honoured on what is Independence Day of Ukraine.

Despite Russia’s invasion of Ukraine, Usyk has continued to live in his home country and has joined the country’s soldiers on the frontline during the past 18 months.

He was given a painting produced by Oleksandr Klymenko after his brief answer two days out from fight night in Poland.

K2 promoter Krassyuk said: “We have a special present for Oleksandr Usyk. His contribution was recognised by the military forces of Ukraine.

“A very special item, the icon of the God Mother painted by the outstanding master Oleksandr Klymenko, whose masterpieces are kept by the Pope, the Swedish King Gustaf and Polish president (Andrzej) Duda.

“The icon is made on the wooden board from the ammunition to the shell that were used by our soldiers defending Bakhmut.”

Usyk and Dubois shared a fist bump after a cordial face-off with both fighting for the first time in 2023.

Dubois was last in action in December at Tottenham Hotspur Stadium where he recovered from a knee injury and being put down three times in the first round to beat South African southpaw Kevin Lerena by stoppage.

Meanwhile, Usyk will step back in the ring again for the first time since he beat Anthony Joshua by split decision in Jeddah last August.

Talks between Usyk’s team and the camp of WBC belt holder Tyson Fury over a potential unification bout did take place earlier this year but a proposed date of April 29 could not be finalised.

Usyk must now concentrate on adding another British boxer to his win column after previously defeating Tony Bellew, Derek Chisora and Joshua.

The Bloomberg Billionaire Index in full

1 Jeff Bezos $140 billion
2 Bill Gates $98.3 billion
3 Bernard Arnault $83.1 billion
4 Warren Buffett $83 billion
5 Amancio Ortega $67.9 billion
6 Mark Zuckerberg $67.3 billion
7 Larry Page $56.8 billion
8 Larry Ellison $56.1 billion
9 Sergey Brin $55.2 billion
10 Carlos Slim $55.2 billion

The specs: 2018 Nissan Patrol Nismo

Price: base / as tested: Dh382,000

Engine: 5.6-litre V8

Gearbox: Seven-speed automatic

Power: 428hp @ 5,800rpm

Torque: 560Nm @ 3,600rpm

Fuel economy, combined: 12.7L / 100km

Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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While you're here
Women%E2%80%99s%20T20%20World%20Cup%20Qualifier
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Roll of honour: Who won what in 2018/19?

West Asia Premiership: Winners – Bahrain; Runners-up – Dubai Exiles

UAE Premiership: Winners – Abu Dhabi Harlequins; Runners-up  Jebel Ali Dragons

Dubai Rugby Sevens: Winners – Dubai Hurricanes; Runners-up – Abu Dhabi Harlequins

UAE Conference: Winners  Dubai Tigers; Runners-up  Al Ain Amblers

Our legal consultants

Name: Hassan Mohsen Elhais

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

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Oppenheimer
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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

If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Tree of Hell

Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla

Director: Raed Zeno

Rating: 4/5

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Updated: August 24, 2023, 5:16 PM