Mourinho’s still got it(?)
There was a theory that Chelsea coach Jose Mourinho had been badly scarred by his rejection at Real Madrid, when players turned against him, and that he had lost some of his ruthlessness as a result.
After a season in which the Chelsea side he constructed dominated the championship, playing first the best attacking football and then the best defensive, the temptation is to discard the theory: when Manchester City closed in around the turn of the year, he was able to amend his approach, manufacture claims of conspiracy to develop a siege mentality, and to inspire his side to the doggedness of the spring.
But a small doubt still lingers: it may have been a different story if the other challengers had mounted a more consistent challenge and the pressure had been sustained.
Chelsea looked exhausted against Paris Saint-Germain and staggered over the line in the Premier League. Mourinho always wins the league in his second season at a club and he did so again, but he may not be the same force as a decade ago.
Young English talent does exist
A global league that happens to play in England it may be, but this has been a season that has confirmed the existence of an exciting emerging generation of local talent.
Harry Kane, with his goals and eagerness, leads the way, but Jack Grealish (who may yet decide he is Irish), Saido Berahino and Nathaniel Clyne also had seasons that promise much for the future.
Being last at Christmas is not the end
For a long time, to be bottom of the Premier League table at Christmas meant you would be relegated. Only one side, West Bromwich Albion in 2004/05 had escaped from that position.
This season, Leicester City followed what Sunderland had done in 2013/14 and dragged themselves up from the basement in the second half of the season to beat the drop with a game to spare.
In retrospect, West Brom’s escape looks pedestrian – only five victories in the second half of the season, one in the final eight games. They survived thanks to draws.
Sunderland last season, with hilarious unpredictability, took 13 points from a run of five games beginning in April that included trips to Manchester City, Chelsea and Manchester United.
Leicester this year won six matches out of seven from the beginning of April. The lesson is that, at Christmas, no position is ever hopeless.
Tottenham are Tottenham
Spurs have an impressive manager in Mauricio Pochettino. They have a squad that, while perhaps not as good as it might be, given what has been spent on it, remains strong.
They will put together a run of decent performances, beat Chelsea or Arsenal, and onlookers will begin to wonder whether this time they might be about to impose themselves at the top of the table.
Then they will lose at Crystal Palace or draw at home to West Ham and it will be remembered that, in the end, they are still Tottenham, doomed to be disappointing also-rans.
Premier League is better for having Louis van Gaal in it
Manchester United have been hugely inconsistent this season, but the three victories in succession against Tottenham, Liverpool and Manchester City offered hope for next season.
But the real attraction at Old Trafford has been Louis van Gaal, who has demonstrated tactical flexibility, using Marouane Fellaini as a deep-lying target man and switching regularly from a back three to back four, while speaking a strangely beautiful staccato form of English that, as with the language of any guru, manages to be simultaneously profound and obscure.
His recent line, “I’ve seen a lady who plays the saxophone ...” after enjoying himself at an end-of-season party has an inexplicable but undeniable poetry.
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More coverage from the Future Forum
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
More on animal trafficking
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
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