Kwadwo Asamoah celebrates Juventus's goal against Parma
Kwadwo Asamoah celebrates Juventus's goal against Parma
Kwadwo Asamoah celebrates Juventus's goal against Parma
Kwadwo Asamoah celebrates Juventus's goal against Parma

European football round-up: Bayern Munich open season with convincing win


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Spain

Helder Postiga left it late to earn Real Zaragoza victory over 10-man Espanyol in the Primera Division.

In a bad-tempered encounter which saw eight players booked, Alvaro Vázquez lit the touchpaper by firing hosts Espanyol ahead with a powerful finish just before half-time.

Juan Albin received his marching orders for a second booking after the interval and Antonio Apono levelled from the penalty spot, before Postiga grabbed the winner 2 minutes from time.

Brazilian Leo scored his first senior goal for Rayo Vallecano as they continued their 100% start to the season with a 2-1 win at Real Betis.

The visitors went ahead within two minutes as Piti tapped in, but Betis responded immediately and Jorge Molina headed in his third goal of the campaign moments later.

Despite withstanding an early Betis onslaught at the beginning of the second period, Rayo looked the more coordinated team throughout and deservedly got the winner on the hour mark when Lass Bangoura teed up Leo to rifle low past Fabricio in the Betis goal.

Imanol Agirretxe scored twice as Real Sociedad came from behind to secure their first three points of the season, beating Celta Vigo 2-1.

Kike de Lucas had given Celta the lead against the run of play four minutes into the second half, but a fine jinking run from Antoine Griezmann set up Agirretxe to bring the Basques level just five minutes later.

The comeback was complete on the hour mark as Carlos Vela crossed for Agirretxe to prod home.

Teenage substitute Juanmi rescued a point for Malaga as they drew 1-1 with Real Mallorca.

The forward had only been on the pitch for nine minutes before he cancelled out Tomer Hemed's 67th-minute strike.

Italy

Juventus began the defence of their Serie A title with a 2-0 win over Parma, thanks to a heroic performance from goalkeeper Marco Storari.

Arturo Vidal missed a penalty in the first half but the Bianconeri took the lead through Stephan Lichtsteiner in the 54th minute.

A disputed goal from Andrea Pirlo four minutes later looked to have wrapped up victory but it took some sterling saves from Storari to prevent Parma from finding a way back into the game.

Two goals from Stevan Jovetic gave Fiorentina a 2-1 winning start to the season at the expense of Udinese.

Maicosuel did put the away side in front after 28 minutes, but the home side responded well in the second half with the Montenegrin grabbing a brace, the second coming with almost the last kick of the game.

Germany

Bayern Munich made a perfect start to the Bundesliga season with a convincing 3-0 win over local rivals Greuther Fürth.

Thomas Muller put the Bavarians in front just before half-time, with Mario Mandzukic and Arjen Robben - via a deflection - on target in the second half for Jupp Heynckes' men.

Borussia Dortmund started the season with a 1-0 home win over Werder Bremen, while Hanno Balitsch scored the only goal as Nurnberg secured their first win over Hamburg in 20 years.

Juan Arango's set-pieces held the key as Borussia Monchengladbach began with a 2-1 win over Hoffenheim.

The Venezuela midfielder delivered the free kick from which Mike Hanke headed the first-half opener and then curled in the winner direct from another with 11 minutes remaining.

Roberto Firmino had equalised in between the Foals' strikes but Hoffenheim were otherwise unable to find a way past home keeper Marc-Andre ter Stegen.

Fortuna Düsseldorf marked their return to the top flight after 15 years with a 2-0 win at Augsburg, thanks to a brace from Dani Schahin.

Elsewhere, Mainz fought back from a goal down to rescue a 1-1 draw at Freiburg.

Eintracht Frankfurt came from behind to defeat Bayer Leverkusen 2-1 on their return to the top-flight, while in the late game Bas Dost scored a last-gasp goal on his Wolfsburg debut to seal a narrow 1-0 victory at Stuttgart

France

Valenciennes and Toulouse joined Lyon at the top of Ligue 1 after respective victories over Ajaccio and Nancy.

VA picked up their first home win of the season with a 3-0 triumph over Ajaccio at the Stade du Hainaut, thanks to strikes from Mamadou Samassa and Loris Nery and a David Oberhauser own goal.

Moussa Sissoko's early strike lifted TFC to a 1-0 win over Nancy.

Nancy had their chances to cancel out Sissoko's 10th-minute strike in an open encounter, but saw their hopes hit by the 48th-minute dismissal of Andre Luiz as Toulouse held on to register back-to-back wins.

The pair moved on to seven points from three games alongside Lyon, who drew 1-1 at Evian last night.

In-demand Yann M'Vila hit a stunning late winner for Rennes to end Bastia's unbeaten start in a dramatic 3-2 victory.

Rennes, who came into the game on the back of two defeats, led through Romain Alessandrini's 21st-minute opener but were soon pegged back by Francois Marque.

The hosts led again through Jonathan Pitroipa five minutes before half-time, only for Sylvain Marchal to level again in the 74th minute, even after Bastia had had Araujo Ilan sent off.

But when M'Vila fired in an outstanding third from long range, Bastia were finally defeated.

Lille came from behind to claim a point in a 2-2 draw with Nice. The visitors led through Dimitri Payet 10 minutes before half-time but Nice quickly levelled through Nemanja Pejcinovic and then snatched the lead when Eric Bautheac volleyed home early in the second half.

Djibril Sidibe grabbed the equaliser just before the hour mark.

Lorient twice came from behind to earn a deserved 2-2 draw at Troyes, while Sloan Privat handed Reims their first victory of the season as his stoppage-time own goal inflicted a third straight defeat on 10-man Sochaux.

Scotland

Champions Celtic shipped two late goals after having swept into a convincing four-goal lead at Inverness Caledonian Thistle.

Debutant Tony Watt grabbed a brace on his debut, alongside strikes from Charlie Mulgrew and Victor Wanyama, before Ross Draper scored twice late-on for the Highlanders.

Ross County won the battle of the Scottish Premier League newcomers after a 1-0 win at Dundee, Richard Brittain scoring from the penalty spot after a challenge in the box on Mark Corcoran.

Hibernian claimed a 2-0 win over St Johnstone at Easter Road, with Paul Hanlon scoring on the stroke of half time, before Eoin Doyle doubled their lead eight minutes into the second half.

And Kilmarnock scored a surprise 3-1 victory over Dundee United after Rory McKenzie hit his first goal for the Ayrshire side.

Spaniard Borja Perez slotted home a penalty before substitute Jude Winchester hammered home the third from inside the box.

Jon Daly grabbed his 50th SPL goal 12 minutes from time, but it was not enough to prevent United slipping off the top of the table.

Holland

Reigning champions Ajax powered to the summit of the Eredivisie with a 5-0 win over NAC Breda.

Siem De Jong opened the scoring for Ajax in the second minute before debutant Niklas Moisander, who signed from AZ Alkmaar earlier this week, marked his first appearance with the second on 11 minutes.

Tobias Sana made it 3-0 four minutes before the interval, while goals from Thulani Serero (49) and De Jong (90) added gloss to the scoreline in the second period.

ADO Den Haag are up to fourth place after preserving their unbeaten start to the season with a 4-2 win at VVV-Venlo.

The home side took the lead through Marcel Seip in the 10th minute, but ADO - who drew their opening two matches - responded with goals from Mike van Duinen (33), Tjaronn Chery (48) and Jens Toornstra (51).

Ismo Vorstermans pulled one back for VVV with 10 minutes remaining to set up a tense finish, but Chery's second of the match five minutes later calmed any jitters in the visitors' ranks.

And FC Utrecht were held to a 1-1 draw at home to promoted PEC Zwolle.

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 specs

Engine: 3.0-litre 6-cyl turbo

Power: 435hp at 5,900rpm

Torque: 520Nm at 1,800-5,500rpm

Transmission: 9-speed auto

Price: from Dh498,542

On sale: now

How do Sim card scams work?

Sim swap frauds are a form of identity theft.

They involve criminals conning mobile phone operators into issuing them with replacement Sim cards by claiming to be the victim, often pretending their phone has been lost or stolen in order to secure a new Sim.

They use the victim's personal details - obtained through criminal methods - to convince such companies of their identity.

The criminal can then access any online service that requires security codes to be sent to a user's mobile phone, such as banking services.

if you go

The flights

Etihad and Emirates fly direct from the UAE to Seoul from Dh3,775 return, including taxes

The package

Ski Safari offers a seven-night ski package to Korea, including five nights at the Dragon Valley Hotel in Yongpyong and two nights at Seoul CenterMark hotel, from £720 (Dh3,488) per person, including transfers, based on two travelling in January

The info

Visit www.gokorea.co.uk

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

The specs: 2018 Renault Koleos

Price, base: From Dh77,900
Engine: 2.5L, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 170hp @ 6,000rpm
Torque: 233Nm @ 4,000rpm
Fuel economy, combined: 8.3L / 100km

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

Company%20profile
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All about the Sevens

Cape Town Sevens on Saturday and Sunday: Pools A – South Africa, Kenya, France, Russia; B – New Zealand, Australia, Spain, United States; C – England, Scotland, Argentina, Uganda; D – Fiji, Samoa, Canada, Wales

HSBC World Sevens Series standing after first leg in Dubai 1 South Africa; 2 New Zealand; 3 England; 4 Fiji; 5 Australia; 6 Samoa; 7 Kenya; 8 Scotland; 9 France; 10 Spain; 11 Argentina; 12 Canada; 13 Wales; 14 Uganda; 15 United States; 16 Russia

Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

TO ALL THE BOYS: ALWAYS AND FOREVER

Directed by: Michael Fimognari

Starring: Lana Condor and Noah Centineo

Two stars

COMPANY%20PROFILE
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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Profile box

Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)

Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

Group B

UAE, Iran, Kuwait, Saudi Arabia

 

UAE group fixtures

Sunday Feb 23, 9.30am, v Iran

Monday Feb 25, 1pm, v Kuwait

Tuesday Feb 26, 9.30am, v Saudi

 

UAE squad

Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed

Company%20Profile
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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

hall of shame

SUNDERLAND 2002-03

No one has ended a Premier League season quite like Sunderland. They lost each of their final 15 games, taking no points after January. They ended up with 19 in total, sacking managers Peter Reid and Howard Wilkinson and losing 3-1 to Charlton when they scored three own goals in eight minutes.

SUNDERLAND 2005-06

Until Derby came along, Sunderland’s total of 15 points was the Premier League’s record low. They made it until May and their final home game before winning at the Stadium of Light while they lost a joint record 29 of their 38 league games.

HUDDERSFIELD 2018-19

Joined Derby as the only team to be relegated in March. No striker scored until January, while only two players got more assists than goalkeeper Jonas Lossl. The mid-season appointment Jan Siewert was to end his time as Huddersfield manager with a 5.3 per cent win rate.

ASTON VILLA 2015-16

Perhaps the most inexplicably bad season, considering they signed Idrissa Gueye and Adama Traore and still only got 17 points. Villa won their first league game, but none of the next 19. They ended an abominable campaign by taking one point from the last 39 available.

FULHAM 2018-19

Terrible in different ways. Fulham’s total of 26 points is not among the lowest ever but they contrived to get relegated after spending over £100 million (Dh457m) in the transfer market. Much of it went on defenders but they only kept two clean sheets in their first 33 games.

LA LIGA: Sporting Gijon, 13 points in 1997-98.

BUNDESLIGA: Tasmania Berlin, 10 points in 1965-66

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg