Max Verstappen of Red Bull clinched pole position from Fernando Alonso, left, of Aston Martin during qualifying for the Monaco GP on Saturday, May 27, 2023. Getty
Max Verstappen of Red Bull clinched pole position from Fernando Alonso, left, of Aston Martin during qualifying for the Monaco GP on Saturday, May 27, 2023. Getty
Max Verstappen of Red Bull clinched pole position from Fernando Alonso, left, of Aston Martin during qualifying for the Monaco GP on Saturday, May 27, 2023. Getty
Max Verstappen of Red Bull clinched pole position from Fernando Alonso, left, of Aston Martin during qualifying for the Monaco GP on Saturday, May 27, 2023. Getty

Verstappen clinches pole position for Monaco Grand Prix


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Red Bull's Max Verstappen took his first Monaco Grand Prix pole position on Saturday with a breathtaking final lap to deny Aston Martin's Fernando Alonso the crucial top slot.

Alonso will start alongside on a front row of double Formula One world champions with Ferrari's home hero Charles Leclerc unable to secure his third Monaco pole in a row and having to settle for third.

"You have to go all out and risk it all," said Verstappen after the session.

"I knew I was behind, I'm very happy to be on pole for the first time here."

The session was red-flagged when Sergio Perez smashed his Red Bull into a wall leaving last year's winner at the rear of the grid.

With overtaking at a premium on the narrow streets of the principality, Perez's misfortune could prove costly for his title challenge with the Mexican 14 points adrift of Verstappen going into this sixth race of the season.

Carlos Sainz in the second Ferrari posted the fifth fastest time to occupy the third row with Mercedes' Lewis Hamilton.

Ocon's Alpine teammate Pierre Gasly, George Russell of Mercedes, Alpha Tauri's Yuki Tsunoda and McLaren's Lando Norris completed the top 10.

Alonso's Aston Martin mechanics celebrated wildly after it appeared as though the 41-year-old Spaniard had taken his first pole in 11 years.

But Verstappen delivered a mesmerising final sector in Monte Carlo to take top spot with his final charge, beating Alonso by just 0.084 seconds.

Mercedes were banking on their much-anticipated upgrade providing them with a springboard to challenge the grid's all-conquering Red Bull team.

But on its grand unveiling in Monaco, Hamilton was at odds with his new machine.

The British driver, who crashed out of final practice following a mistake at the right-hander Mirabeau, missed the chicane in Q1, only avoiding an early bath with his final lap, before scrambling into Q3 after he grazed the wall at the swimming pool chicane.

"Man this car is hard to drive, mate," said the seven-time world champion, who also reported there was "something wrong" with his right-rear suspension.

Alonso walked over to Verstappen and shook his hand after a tight tussle between the two-time F1 champions.

“Feels great, I always had confidence in what I could do," Alonso said. “We’re starting on the front row in Monaco, so job done."

Alonso has four third-place finishes in five races, so Verstappen joked that he’d try to help him finally win again.

“I’ll think about it. I’d like to see Fernando win, but I’d like to win myself,” Verstappen said. “I love watching his style."

Later in the day, Leclerc was demoted three places on the grid for Sunday's race after the race stewards ruled he had impeded another driver at the end of qualifying.

Leclerc, a Monaco native, was found to have blocked McLaren's Lando Norris during qualifying.

Frenchman Ocon in an Alpine, moved up to third on the grid while Spaniard Sainz, in the second Ferrari, was promoted to the second row and Hamilton in a Mercedes moved up to fifth.

  • Red Bull Racing Max Verstappen clinched pole position for the Monaco Grand Prix on Saturday, May 27, 2023. AFP
    Red Bull Racing Max Verstappen clinched pole position for the Monaco Grand Prix on Saturday, May 27, 2023. AFP
  • Max Verstappen of Red Bull during qualifying for the Monaco GP in Monte Carlo. Getty
    Max Verstappen of Red Bull during qualifying for the Monaco GP in Monte Carlo. Getty
  • Red Bull's Max Verstappen clinched pole position in the final lap of qualifying. AFP
    Red Bull's Max Verstappen clinched pole position in the final lap of qualifying. AFP
  • Pole position winner Red Bull's Max Verstappen with second-placed Aston Martin's Fernando Alonso. AFP
    Pole position winner Red Bull's Max Verstappen with second-placed Aston Martin's Fernando Alonso. AFP
  • Aston Martin's Fernando Alonso during qualifying on Saturday. AFP
    Aston Martin's Fernando Alonso during qualifying on Saturday. AFP
  • Fernando Alonso will start second during the Monaco GP. Getty
    Fernando Alonso will start second during the Monaco GP. Getty
The bio

His favourite book - 1984 by George Orwell

His favourite quote - 'If you think education is expensive, try ignorance' by Derek Bok, Former President of Harvard

Favourite place to travel to - Peloponnese, Southern Greece

Favourite movie - The Last Emperor

Favourite personality from history - Alexander the Great

Role Model - My father, Yiannis Davos

 

 

Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

SRI LANKA SQUAD

Upul Tharanga (captain), Dinesh Chandimal, Niroshan Dickwella
Lahiru Thirimanne, Kusal Mendis, Milinda Siriwardana
Chamara Kapugedara, Thisara Perera, Seekuge Prasanna
Nuwan Pradeep, Suranga Lakmal, Dushmantha Chameera
Vishwa Fernando, Akila Dananjaya, Jeffrey Vandersay

Company profile

Name: Tharb

Started: December 2016

Founder: Eisa Alsubousi

Based: Abu Dhabi

Sector: Luxury leather goods

Initial investment: Dh150,000 from personal savings

 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20PlanRadar%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2013%3Cbr%3E%3Cstrong%3ECo-founders%3A%20%3C%2Fstrong%3EIbrahim%20Imam%2C%20Sander%20van%20de%20Rijdt%2C%20Constantin%20K%C3%B6ck%2C%20Clemens%20Hammerl%2C%20Domagoj%20Dolinsek%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EVienna%2C%20Austria%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EConstruction%20and%20real%20estate%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E400%2B%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20B%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Headline%2C%20Berliner%20Volksbank%20Ventures%2C%20aws%20Gr%C3%BCnderfonds%2C%20Cavalry%20Ventures%2C%20Proptech1%2C%20Russmedia%2C%20GR%20Capital%3C%2Fp%3E%0A
The Sheikh Zayed Future Energy Prize

This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.

From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.

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 Gandhi Murder
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Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

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  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
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The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

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

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Updated: May 27, 2023, 6:56 PM