The Champions Trophy will return for the first time in eight years when it starts with co-host Pakistan taking on New Zealand in Karachi on Wednesday.
It is the first time a global ICC competition has been played in Pakistan since the 1996 World Cup, but not all fixtures will take place there.
The Indian government ruled that their side would not tour Pakistan, so their games will be played in Dubai instead.
It means the venue for the final will only be decided five days before it happens. If it involves India, it will be in Dubai. If not, then it’ll go ahead in Lahore.
Format
The Champions Trophy is a return to the days when people used to think a quick tournament was a good tournament. There are eight teams, playing 15 one-day international matches in the space of 19 days.
That is two groups of four to start with, leading in to two semi-finals and then the final.
Rankings
Group A
- Bangladesh (current ICC ODI ranking: 9)
- India (1)
- New Zealand (4)
- Pakistan (3)
Group B
- Afghanistan (8)
- Australia (2)
- England (7)
- South Africa (6)
Fixtures
All matches start at 2pm Pakistan Standard time, which is 1pm in the UAE.
Wednesday, February 19 – Pakistan v New Zealand, National Stadium, Karachi
Thursday February 20 – Bangladesh v India, Dubai International Cricket Stadium, Dubai
Friday February 21 – Afghanistan v South Africa, National Stadium, Karachi
Saturday February 22 – Australia v England, Gaddafi Stadium, Lahore
Sunday February 23 – Pakistan v India, Dubai International Cricket Stadium, Dubai
Monday February 24 - Bangladesh v New Zealand, Rawalpindi Cricket Stadium, Rawalpindi
Tuesday February 25 – Australia v South Africa, Rawalpindi Cricket Stadium, Rawalpindi
Wednesday February 26 – Afghanistan v England, Gaddafi Stadium, Lahore
Thursday February 27 – Pakistan v Bangladesh, Rawalpindi Cricket Stadium, Rawalpindi
Friday February 28 – Afghanistan v Australia, Gaddafi Stadium, Lahore
Saturday March 1 – South Africa v England, National Stadium, Karachi
Sunday March 2 – New Zealand v India, Dubai International Cricket Stadium, Dubai
Knock outs
Tuesday March 4 – Semi-final 1, Dubai International Cricket Stadium, Dubai
(This will involve India if they qualify)
Wednesday March 5 – Semi-final 2, Gaddafi Stadium, Lahore
(This will involve Pakistan if they qualify)
Final
Sunday March 9 – Final - Gaddafi Stadium, Lahore
(If India qualify, the final will be played at Dubai International Stadium)
Tickets for India’s matches in Dubai
On Sunday, additional tickets were made available for the three-group stage India matches and the first semi-final, all of which are being played in Dubai. Tickets are available here: https://www.iccchampionstrophy.com/tickets
Tickets for the final will be available for purchase following the conclusion of the first semi-final in Dubai.
Broadcast
The Champions Trophy can be watched on CricLife Max in the UAE, and the Starzplay app.
There will also be radio coverage on Talk 100.3FM and Big 106.2.
Prize money
The winners will earn $2.24 million, with $1.12m going to the runners up. The losing semi-finalists take $560,000 each, from the total prize pot of $6.9 million. It is a 53 per cent increase on what was available the last time the tournament was played, in 2017.
Each group match win brings with it just over $34,000. Teams that finished fifth or sixth will each earn $350,000 while the seventh and eighth-placed sides receive $140,000. All eight sides get $125,000 each for playing in the Champions Trophy.
Squads
Group A
Bangladesh: Nazmul Hossain Shanto (c), Soumya Sarkar, Tanzid Hasan, Tawhid Hridoy, Mushfiqur Rahim, Mohammad Mahmudullah, Jaker Ali Anik, Mehidy Hasan Miraz, Rishad Hossain, Taskin Ahmed, Mustafizur Rahman, Parvez Hossai Emon, Nasum Ahmed, Tanzim Hasan Sakib, Nahid Rana.
India: Rohit Sharma (c), Shubman Gill, Virat Kohli, Shreyas Iyer, KL Rahul, Rishabh Pant, Hardik Pandya, Axar Patel, Washington Sundar, Kuldeep Yadav, Harshit Rana, Mohammed Shami, Arshdeep Singh, Ravindra Jadeja, Varun Chakaravarthy.
New Zealand: Mitchell Santner (captain), Michael Bracewell, Mark Chapman, Devon Conway, Lockie Ferguson, Matt Henry, Tom Latham, Daryl Mitchell, Will O’Rourke, Glenn Phillips, Rachin Ravindra, Jacob Duffy, Nathan Smith, Kane Williamson, Will Young.
Pakistan: Mohammad Rizwan (captain), Babar Azam, Fakhar Zaman, Kamran Ghulam, Saud Shakeel, Tayyab Tahir, Faheem Ashraf, Khushdil Shah, Salman Ali Agha, Usman Khan, Abrar Ahmed, Haris Rauf, Mohammad Hasnain, Naseem Shah, Shaheen Shah Afridi.
Group B
Afghanistan: Hashmatullah Shahidi (captain), Ibrahim Zadran, Rahmanullah Gurbaz, Sediqullah Atal, Rahmat Shah, Ikram Alikhil, Gulbadin Naib, Azmatullah Omarzai, Mohammad Nabi, Rashid Khan, Nangyal Kharoti, Noor Ahmad, Fazalhaq Farooqi, Farid Malik, Naveed Zadran.
Australia: Steve Smith (captain), Sean Abbott, Alex Carey, Ben Dwarshuis, Nathan Ellis, Jake Fraser-McGurk, Aaron Hardie, Travis Head, Josh Inglis, Spencer Johnson, Marnus Labuschagne, Glenn Maxwell, Tanveer Sangha, Matthew Short, Adam Zampa.
England: Jos Buttler (captain), Jofra Archer, Gus Atkinson, Tom Banton, Harry Brook, Brydon Carse, Ben Duckett, Jamie Overton, Jamie Smith, Liam Livingstone, Adil Rashid, Joe Root, Saqib Mahmood, Phil Salt, Mark Wood.
South Africa: Temba Bavuma (captain), Tony de Zorzi, Marco Jansen, Heinrich Klaasen, Keshav Maharaj, Aiden Markram, David Miller, Wiaan Mulder, Lungi Ngidi, Kagiso Rabada, Ryan Rickelton, Tabraiz Shamsi, Tristan Stubbs, Rassie van der Dussen, Corbin Bosch.
COMPANY PROFILE
Name: Cofe
Year started: 2018
Based: UAE
Employees: 80-100
Amount raised: $13m
Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group
Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
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
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
FIXTURES
All games 6pm UAE on Sunday:
Arsenal v Watford
Burnley v Brighton
Chelsea v Wolves
Crystal Palace v Tottenham
Everton v Bournemouth
Leicester v Man United
Man City v Norwich
Newcastle v Liverpool
Southampton v Sheffield United
West Ham v Aston Villa
RACE CARD
5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
The years Ramadan fell in May
Results
5pm: Reem Island – Conditions (PA) Dh80,000 (Turf) 1,600m; Winner: Farasah, Antonio Fresu (jockey), Musabah Al Muhairi
5.30pm: Sir Baniyas Island – Maiden (PA) Dh80,000 (T) 1,400m; Winner: SSR Ghazwan, Antonio Fresu, Ibrahim Al Hadhrami
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m; Winner: Astral Del Sol, Sean Kirrane, Ibrahim Al Hadhrami
6.30pm: Al Maryah Island – Maiden (PA) Dh80,000 (T) 2,200m; Winner: Toumadher, Dane O’Neill, Jaber Bittar
7pm: Yas Island – Handicap (PA) Dh80,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel
7.30pm: Saadiyat Island – Handicap (TB) Dh80,000 (T) 2,400m; Winner: Celestial Spheres, Gary Sanchez, Ismail Mohammed
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
2289 - Dh10
2252 - Dh50
6025 - Dh20
6027 - Dh100
6026 - Dh200
More on Quran memorisation:
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Global state-owned investor ranking by size
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United States
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China
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Japan
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Norway
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Canada
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Singapore
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South Korea
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%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
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The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
Best piece of advice to someone looking for a career at Google?
If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.
