• Entrepreneur Elon Musk at the pit lane during the United States GP in Austin, Texas, on Sunday, October 22, 2023. AFP
    Entrepreneur Elon Musk at the pit lane during the United States GP in Austin, Texas, on Sunday, October 22, 2023. AFP
  • AUSTIN, TEXAS - OCTOBER 22: Red Bull Racing Team Principal Christian Horner talks with Prince Harry, Duke of Sussex in the garage prior to the F1 Grand Prix of United States at Circuit of The Americas on October 22, 2023 in Austin, Texas. Mark Thompson / Getty Images / AFP (Photo by Mark Thompson / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
    AUSTIN, TEXAS - OCTOBER 22: Red Bull Racing Team Principal Christian Horner talks with Prince Harry, Duke of Sussex in the garage prior to the F1 Grand Prix of United States at Circuit of The Americas on October 22, 2023 in Austin, Texas. Mark Thompson / Getty Images / AFP (Photo by Mark Thompson / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
  • SpaceX, Tesla and platform X boss Elon Musk in Austin, Texas. AFP
    SpaceX, Tesla and platform X boss Elon Musk in Austin, Texas. AFP
  • Prince Harry with Red Bull team principal Christian Horner. Reuters
    Prince Harry with Red Bull team principal Christian Horner. Reuters
  • Sir Jackie Stewart with Rory McIlroy on the grid during the United States GP. AFP
    Sir Jackie Stewart with Rory McIlroy on the grid during the United States GP. AFP
  • Heavyweight boxer Anthony Joshua during the United States GP in Austin, Texas. AFP
    Heavyweight boxer Anthony Joshua during the United States GP in Austin, Texas. AFP
  • Patrick Dempsey with Red Bull team principal Christian Horner and Geri Halliwell. AFP
    Patrick Dempsey with Red Bull team principal Christian Horner and Geri Halliwell. AFP
  • Actor Cole Hauser in Austin, Texas. AFP
    Actor Cole Hauser in Austin, Texas. AFP
  • British boxer Anthony Joshua walks on the grid. AFP
    British boxer Anthony Joshua walks on the grid. AFP
  • Astronaut Reid Wiseman during the US GP. AFP
    Astronaut Reid Wiseman during the US GP. AFP
  • Sprint star Sha'Carri Richardson and Joe Jonas at the US Grand Prix. AFP
    Sprint star Sha'Carri Richardson and Joe Jonas at the US Grand Prix. AFP
  • British runner Dina Asher-Smith at the Red Bull garage. AFP
    British runner Dina Asher-Smith at the Red Bull garage. AFP

Elon Musk, Prince Harry and other celebrities at United States GP


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Newly crowned triple world champion Max Verstappen completed a hat trick of Texas victories as he claimed the 50th win of his career in a tense United States Grand Prix.

The Dutchman, 26, started sixth on the grid in his Red Bull car before working his way through the field to take the chequered flag 2.225 seconds ahead of resurgent seven-time champion Lewis Hamilton, who was disqualified hours after the race when his Mercedes car failed a technical inspection.

The decision wiped out Hamilton's best finish in months and comes just as Mercedes showed some new life and pace in a season dominated by Verstappen and Red Bull. Hamilton had Verstappen within his sights and may have even caught up if given a few extra laps.

“It is of course disappointing to be disqualified post-race but that doesn’t take away from the progress we’ve made this weekend,” Hamilton said.

Problem arose in the post-race inspection when race stewards inspected the skid block. The wood resin block, or “plank”, under the car is used to ensure teams follow the rules of how close they run the cars to the ground in search of better speed and performance.

If the skid block is found to have been reduced by more than 1 millimetre, the car and driver are disqualified. Hamilton and Ferrari's Charles Leclerc, who finished sixth, were both disqualified.

The drama that unfolded in Austin was witnessed by a number of famous names, including Elon Musk, Prince Harry, Rory McIlroy and many others who can all be seen in the gallery above.

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A

Essentials
The flights

Return flights from Dubai to Windhoek, with a combination of Emirates and Air Namibia, cost from US$790 (Dh2,902) via Johannesburg.
The trip
A 10-day self-drive in Namibia staying at a combination of the safari camps mentioned – Okonjima AfriCat, Little Kulala, Desert Rhino/Damaraland, Ongava – costs from $7,000 (Dh25,711) per person, including car hire (Toyota 4x4 or similar), but excluding international flights, with The Luxury Safari Company.
When to go
The cooler winter months, from June to September, are best, especially for game viewing. 

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

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Directed: Smeep Kang
Produced: Soham Rockstar Entertainment; SKE Production
Cast: Rishi Kapoor, Jimmy Sheirgill, Sunny Singh, Omkar Kapoor, Rajesh Sharma
Rating: Two out of five stars 

Our family matters legal consultant

Name: Hassan Mohsen Elhais

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

Eyasses squad

Charlie Preston (captain) – goal shooter/ goalkeeper (Dubai College)

Arushi Holt (vice-captain) – wing defence / centre (Jumeriah English Speaking School)  

Olivia Petricola (vice-captain) – centre / wing attack (Dubai English Speaking College)

Isabel Affley – goalkeeper / goal defence (Dubai English Speaking College)

Jemma Eley – goal attack / wing attack (Dubai College)

Alana Farrell-Morton – centre / wing / defence / wing attack (Nord Anglia International School)

Molly Fuller – goal attack / wing attack (Dubai College)

Caitlin Gowdy – goal defence / wing defence (Dubai English Speaking College)

Noorulain Hussain – goal defence / wing defence (Dubai College)

Zahra Hussain-Gillani – goal defence / goalkeeper (British School Al Khubairat)

Claire Janssen – goal shooter / goal attack (Jumeriah English Speaking School)         

Eliza Petricola – wing attack / centre (Dubai English Speaking College)

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Pharaoh's curse

British aristocrat Lord Carnarvon, who funded the expedition to find the Tutankhamun tomb, died in a Cairo hotel four months after the crypt was opened.
He had been in poor health for many years after a car crash, and a mosquito bite made worse by a shaving cut led to blood poisoning and pneumonia.
Reports at the time said Lord Carnarvon suffered from “pain as the inflammation affected the nasal passages and eyes”.
Decades later, scientists contended he had died of aspergillosis after inhaling spores of the fungus aspergillus in the tomb, which can lie dormant for months. The fact several others who entered were also found dead withiin a short time led to the myth of the curse.

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

PROFILE OF INVYGO

Started: 2018

Founders: Eslam Hussein and Pulkit Ganjoo

Based: Dubai

Sector: Transport

Size: 9 employees

Investment: $1,275,000

Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri

UAE currency: the story behind the money in your pockets
GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

JAPAN SQUAD

Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

Updated: October 23, 2023, 10:46 AM