Boxing promoter Ahmed Seddiqi at Round 10 Boxing Club, Al Quoz, Dubai. Chris Whiteoak / The National
Boxing promoter Ahmed Seddiqi at Round 10 Boxing Club, Al Quoz, Dubai. Chris Whiteoak / The National
Boxing promoter Ahmed Seddiqi at Round 10 Boxing Club, Al Quoz, Dubai. Chris Whiteoak / The National
Boxing promoter Ahmed Seddiqi at Round 10 Boxing Club, Al Quoz, Dubai. Chris Whiteoak / The National

Ahmed Seddiqi: UAE promoter launches new series to showcase Arab boxing talent


Amith Passela
  • English
  • Arabic

The unification lightweight title contest between American Diego Corrales and Mexican Jose Luis Castillo in Las Vegas on May 7, 2005, is forever etched in the memory of Ahmed Seddiqi.

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Corrales, the WBO title holder, won despite being floored twice by WBC champion Castillo to take the contest by TKO in the 10th round in what was widely regarded as the fight of the year.

Watching the epic fight from ringside, Seddiqi was in awe and it turned out to be a life-changing experience for him.

He founded the first specialised boxing gym in Dubai, and aptly named it the Round 10 Boxing Gym. He then pioneered professional boxing in the region as a promoter.

“Watching that fight, I fell in love with the sport,” Seddiqi said in an exclusive interview with The National.

It’s been 10 years since Seddiqi founded the gym and to mark the occasion, he has painstakingly planned the Rising Stars Arabia, the first of an exciting series in collaboration with the Department of Culture and Tourism – Abu Dhabi.

The seven-fight card at the Mubadala Arena at Zayed Sports City on September 9 is the first of its kind and pits Arab fighters from the region against opponents from other nations.

“This is not about Arabs fighting Arabs, but Arabs fighting non-Arabs,” Seddiqi said of the Rising Stars Arabia series. “There’s no platform for the Arab fighters and this provides them with the opportunity. This for the rising stars of the region, basically a platform for the Gulf nations, Middle East and Africa.

“This event is a milestone for professional boxing. The objective is to scout for talent and bring out an Arab world champion from the region.”

Seddiqi has staged, organised and conducted many boxing events, including a few world title fights in and out of the UAE, but started the Rising Stars Arabia to launch a new format.

“I pioneered the sport at the professional level in the region. I opened the Round 10 Boxing Club as the first boxing gym in the UAE in September 2013 and I’m quite proud we are now celebrating 10 years,” he said.

“For me, I pioneered the sport and started a home for boxing when there was no specialised boxing gym in the whole region. Now I want to show the outside world what I have done.

“At one time, nobody believed in what I wanted to do because there was no specialised boxing gym in the country and boxing wasn’t in the culture in this part of the world. Now I see around 15 specialised boxing gyms in the country. That’s encouraging for me.

“The promotion side came to me later and now I manage 20 fighters from around the world and promote events."

The event has the potential to draw massive viewership from the region and around the world. It will be broadcast in the Middle East, US and Europe on major online platforms and on ESPN in Latin America, Africa and Australia.

Seddiqi is from a firmly established Emirati business family and is well connected with the professional boxing world. He manages 20 boxers, including two Emiratis: Sultan Al Nuaimi and Fahad Al Blooshi.

“I worked in the family business but left that six years ago to pursue boxing full-time, as a promoter, managing boxers and the gym. I chose to go with my passion and build a legacy of my own, and that’s professional boxing," he said.

“I have a mixed bag of Olympians, national champions and amateur world and regional champions.”

RACECARD

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m
5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m
5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m
6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m
6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m
7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m
7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m

Heavily-sugared soft drinks slip through the tax net

Some popular drinks with high levels of sugar and caffeine have slipped through the fizz drink tax loophole, as they are not carbonated or classed as an energy drink.

Arizona Iced Tea with lemon is one of those beverages, with one 240 millilitre serving offering up 23 grams of sugar - about six teaspoons.

A 680ml can of Arizona Iced Tea costs just Dh6.

Most sports drinks sold in supermarkets were found to contain, on average, five teaspoons of sugar in a 500ml bottle.

History's medical milestones

1799 - First small pox vaccine administered

1846 - First public demonstration of anaesthesia in surgery

1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases

1895 - Discovery of x-rays

1923 - Heart valve surgery performed successfully for first time

1928 - Alexander Fleming discovers penicillin

1953 - Structure of DNA discovered

1952 - First organ transplant - a kidney - takes place 

1954 - Clinical trials of birth control pill

1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.

1998 - The first adult live-donor liver transplant is carried out

UAE Falcons

Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.

 
The biog

Name: Timothy Husband

Nationality: New Zealand

Education: Degree in zoology at The University of Sydney

Favourite book: Lemurs of Madagascar by Russell A Mittermeier

Favourite music: Billy Joel

Weekends and holidays: Talking about animals or visiting his farm in Australia

WHY%20AAYAN%20IS%20'PERFECT%20EXAMPLE'
%3Cp%3EDavid%20White%20might%20be%20new%20to%20the%20country%2C%20but%20he%20has%20clearly%20already%20built%20up%20an%20affinity%20with%20the%20place.%3Cbr%3E%3Cbr%3EAfter%20the%20UAE%20shocked%20Pakistan%20in%20the%20semi-final%20of%20the%20Under%2019%20Asia%20Cup%20last%20month%2C%20White%20was%20hugged%20on%20the%20field%20by%20Aayan%20Khan%2C%20the%20team%E2%80%99s%20captain.%3Cbr%3E%3Cbr%3EWhite%20suggests%20that%20was%20more%20a%20sign%20of%20Aayan%E2%80%99s%20amiability%20than%20anything%20else.%20But%20he%20believes%20the%20young%20all-rounder%2C%20who%20was%20part%20of%20the%20winning%20Gulf%20Giants%20team%20last%20year%2C%20is%20just%20the%20sort%20of%20player%20the%20country%20should%20be%20seeking%20to%20produce%20via%20the%20ILT20.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20is%20a%20delightful%20young%20man%2C%E2%80%9D%20White%20said.%20%E2%80%9CHe%20played%20in%20the%20competition%20last%20year%20at%2017%2C%20and%20look%20at%20his%20development%20from%20there%20till%20now%2C%20and%20where%20he%20is%20representing%20the%20UAE.%3Cbr%3E%3Cbr%3E%E2%80%9CHe%20was%20influential%20in%20the%20U19%20team%20which%20beat%20Pakistan.%20He%20is%20the%20perfect%20example%20of%20what%20we%20are%20all%20trying%20to%20achieve%20here.%3Cbr%3E%3Cbr%3E%E2%80%9CIt%20is%20about%20the%20development%20of%20players%20who%20are%20going%20to%20represent%20the%20UAE%20and%20go%20on%20to%20help%20make%20UAE%20a%20force%20in%20world%20cricket.%E2%80%9D%C2%A0%3C%2Fp%3E%0A
MATCH INFO

Arsenal 1 (Aubameyang 12’) Liverpool 1 (Minamino 73’)

Arsenal win 5-4 on penalties

Man of the Match: Ainsley Maitland-Niles (Arsenal)

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

Analysis

Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more

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Updated: September 08, 2023, 7:28 AM