Oleksandr Usyk celebrates winning the IBF, IBO, WBC and WBO heavyweight bout against Daniel Dubois at Wembley Stadium in London. Getty Images
Oleksandr Usyk celebrates winning the IBF, IBO, WBC and WBO heavyweight bout against Daniel Dubois at Wembley Stadium in London. Getty Images
Oleksandr Usyk celebrates winning the IBF, IBO, WBC and WBO heavyweight bout against Daniel Dubois at Wembley Stadium in London. Getty Images
Oleksandr Usyk celebrates winning the IBF, IBO, WBC and WBO heavyweight bout against Daniel Dubois at Wembley Stadium in London. Getty Images

Oleksandr Usyk close to agreeing Deontay Wilder bout in US after split from Riyadh Season


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Oleksandr Usyk has split from Riyadh Season and is in talks with a promoter in the US over a new multi-fight deal.

Usyk, the unified heavyweight champion, has defended his titles three times on Riyadh Season shows, including twice in the Saudi capital against Tyson Fury.

But his next fight, likely to be against the American Deontay Wilder in April or May 2026, will be under a new promotional banner.

Usyk is negotiating with an unnamed American promoter, and despite previous talk of retirement, he plans to fight for another two years, his manager Egis Klimas told The National at the World Sports Summit in Dubai.

Asked if Riyadh Season would be promoting Usyk’s next fight, Klimas said: “No, actually, that's a different group from the United States.”

Top Rank, PBC and Golden Boy lead the way in the US boxing market, but Klimas declined to reveal the identity of their new partners.

“It's not official yet, so I cannot tell you,” added Klimas, who has a long-standing relationship with Top Rank having partnered with them to promote numerous eastern European fighters, including Usyk’s fellow Ukrainian and close friend Vasiliy Lomachenko.

Klimas also refused to rule out working with Riyadh season again in the future, adding: “I cannot say that [he will not work with them, and that] he's not going to be fighting in the Riyadh season. He might be fighting in the Riyadh season, but as far as right now, we don't have any offers or anything like that from them.”

He added: “[Usyk] has at least two more years, as he says. So, I cannot go inside of his body, but he feels strong. It's not time for him to hang up his gloves, and he's ready to go.”

Usyk last fought in July when he knocked out Daniel Dubois in the fifth round of a Riyadh Season show at Wembley Stadium in London.

Saudi boxing power broker Turki Alalshikh publicly called for him to fight rising star Moses Itauma, but the British youngster is still some way off being ready to challenge Usyk.

Alalshikh was said to unenthusiastic about Usyk’s other potential heavyweight challengers, and it appears the champion has decided to move on.

Wilder held the WBC title for five years before losing it to Fury in their 2020 rematch. He has since struggled for form and has lost four of his last six, including back to back defeats against Zhilei Zhang and Joseph Parker. He returned to the ring in June 2025 with a seventh round stoppage of Tyrrell Herndon.

“It’s very likely [we will see Usyk face Wilder],” added Klimas. “Because right now we're working on it, and we're working on some multi-fight agreement for Oleksandr.

“As soon as we're going to confirm that, we're going to jump in. And some talks already are going on with the team of Wilder. We're looking at Las Vegas or Los Angeles, and dates are the end of April, beginning of May.

“Wilder is one of the best names [that] Oleksandr didn't face yet. He's still in good shape, and he's still a fighter, so he's interesting. And as well, it's the United States.”

War

Director: Siddharth Anand

Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor

Rating: Two out of five stars 

The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

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

Gulf Under 19s final

Dubai College A 50-12 Dubai College B

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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

'Morbius'

Director: Daniel Espinosa 

Stars: Jared Leto, Matt Smith, Adria Arjona

Rating: 2/5

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The National in Davos

We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.

Sanju

Produced: Vidhu Vinod Chopra, Rajkumar Hirani

Director: Rajkumar Hirani

Cast: Ranbir Kapoor, Vicky Kaushal, Paresh Rawal, Anushka Sharma, Manish’s Koirala, Dia Mirza, Sonam Kapoor, Jim Sarbh, Boman Irani

Rating: 3.5 stars

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Updated: December 29, 2025, 9:24 AM