The rematch between undisputed heavyweight world champion Oleksandr Usyk and Tyson Fury has been announced for December 21 with the fight once again taking place in Saudi Arabia.
Usyk inflicted the first defeat in Fury's career when the pair met in Riyadh on May 18 when the Ukrainian came out on top in a split points verdict to become the first undisputed champion of the four-belt era.
Fury immediately called for rematch claiming that he had won the fight, despite receiving a standing count and being saved by the bell after a relentless Usyk onslaught in the ninth round.
The scorecards read 115-112 and 114-113 for Usyk, with a third judge scoring it 114-113 to Fury leaving the Briton defeated for the first time in his 36-fight professional career.
“The rematch between the Undisputed Champion Oleksandr Usyk and the Champion Tyson Fury is now scheduled on the 21 of December 2024 during Riyadh Season,” Turki Alalshikh, the chairman of Saudi Arabia's general entertainment authority, said in a post on X on Wednesday.
“The world will watch another historical fight again. Our commitment to boxing fans continues. We hope you enjoy it.”
Usyk's win meant he became the first undisputed world heavyweight champion since Lennox Lewis in 1999 after he added Fury's WBC belt to his WBA, WBO and IBF collection.
When asked if he was interested in the rematch with Fury, Usyk said: “I don't think about boxing now, because I started preparing in September 2023. Nine months, I missed New Year, birthdays of my sons and daughter, I missed all my family holidays. All the time I was only training, my only focus was this fight.
“Now I'm happy and I want to get back home. Go to my church, pray, and say thank you to Jesus, because for me and my country, this is a big moment. I'm grateful to everyone who prayed for me because it was a lot of people.”
But it has not taken long for the rematch clause to be activated and the second fight to find its way on to the boxing calendar, although it is unlikely that all four belts will be on the line again with the IBF planning to strip Usyk as he will not be facing its mandatory challenger next.
It looks likely that British fighter Daniel Dubois and Croatia's Filip Hrgovic will meet for the vacant crown on June 1, again in Riyadh, with the winner then poised to take on former world champion Anthony Joshua later in the year. This could potentially tee-up Joshua to take on the winner of Usyk-Fury II in the kingdom in the first part of 2025.
Hrgovic earned his place as their mandatory challenger by beating Zhilei Zhang in 2022 and has been patiently waiting for his shot ever since.
Frank Warren, who promotes Fury and Dubois, told Sky Sports last week: “He's [Usyk] done something no one else has done. He's unified the four belts. Four belts on the line is the start. I'm quite sure they'll fragment after that. And then it'll happen again.
“We're in such a good place as a sport and there are such good things happening you just can't see it ending, because there's so many good fights to be made.
“We've got the [Usyk vs Fury] rematch, provided AJ keeps winning [he can be in the mix], and then you've got all our youngsters coming through.
“Hrgovic and him [Dubois] is a great fight and the winner of that, I think everybody's going to be happy with who the winner fights.”
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
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UAE currency: the story behind the money in your pockets
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
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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
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BIG SPENDERS
Premier League clubs spent £230 million (Dh1.15 billion) on January transfers, the second-highest total for the mid-season window, the Sports Business Group at Deloitte said in a report.
Takreem Awards winners 2021
Corporate Leadership: Carl Bistany (Lebanon)
Cultural Excellence: Hoor Al Qasimi (UAE)
Environmental Development and Sustainability: Bkerzay (Lebanon)
Environmental Development and Sustainability: Raya Ani (Iraq)
Humanitarian and Civic Services: Women’s Programs Association (Lebanon)
Humanitarian and Civic Services: Osamah Al Thini (Libya)
Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)
Outstanding Arab Woman: Balghis Badri (Sudan)
Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)
Young Entrepreneur: Omar Itani (Lebanon)
Lifetime Achievement: Suad Al Amiry (Palestine)
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
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Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
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- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The specs
Engine: Direct injection 4-cylinder 1.4-litre
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Engine: 1.5-litre turbo
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Starting price: Dh79,000
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CONCRETE COWBOY
Directed by: Ricky Staub
Starring: Idris Elba, Caleb McLaughlin, Jharrel Jerome
3.5/5 stars
The smuggler
Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple.
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.
Khouli conviction
Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.
For sale
A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.
- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico
- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000
- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950
