• Yas Marina Circuit ahead of the 2020 Abu Dhabi Grand Prix. Victor Besa / The National
    Yas Marina Circuit ahead of the 2020 Abu Dhabi Grand Prix. Victor Besa / The National
  • The circuit is quieter than usual ahead of the racing. Victor Besa / The National
    The circuit is quieter than usual ahead of the racing. Victor Besa / The National
  • Cleaning operations begin in preparation for the racing. Victor Besa / The National
    Cleaning operations begin in preparation for the racing. Victor Besa / The National
  • Sanitising crews work at the track's West Entrance. Victor Besa / The National
    Sanitising crews work at the track's West Entrance. Victor Besa / The National
  • Workers are lifted up on raised platforms. Victor Besa / The National
    Workers are lifted up on raised platforms. Victor Besa / The National
  • Cleaning begins at the circuit's main entrance. Victor Besa / The National
    Cleaning begins at the circuit's main entrance. Victor Besa / The National
  • A cleaning crew begins work from a platform. Victor Besa / The National
    A cleaning crew begins work from a platform. Victor Besa / The National
  • Ferrari World is seen in the background behind the circuit. Victor Besa / The National
    Ferrari World is seen in the background behind the circuit. Victor Besa / The National
  • A cleaner is lifted up. Victor Besa / The National
    A cleaner is lifted up. Victor Besa / The National
  • A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
    A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
  • A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
    A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
  • Yas circuit's control tower. Victor Besa / The National
    Yas circuit's control tower. Victor Besa / The National
  • A cleaner is lifted up. Victor Besa / The National
    A cleaner is lifted up. Victor Besa / The National
  • A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National
    A cleaning crew prepares to sanitise a canopy at the track. Victor Besa / The National

Abu Dhabi Grand Prix: Vigilant pandemic prep under way ahead of F1 season finale


Simon Wilgress-Pipe
  • English
  • Arabic

What a difference a year makes. In 2019, on the Tuesday before the Etihad Airways Formula One Abu Dhabi Grand Prix, the racing teams started arriving and getting the cars ready in a genial atmosphere at Yas Marina Circuit. Members of the media were able to wander freely around the pit lane and chat with the technicians carrying out their work, all amid the sounds of high-energy dance music.

That was pre-pandemic, though. This year, the construction process remains the same, but reporters and photographers will not be moving around and interacting in the same fashion. Masks among those onsite are evidently a necessity, and, even though it would be hard to quantify, they will be getting through a volume of hand sanitiser over the course of the week that will probably be measurable in gallons rather than any smaller unit.

Like last year, though, the 10 teams involved landed in Abu Dhabi six days ahead of the final race, fresh from the F1 season's penultimate race in Bahrain, in a fleet of planes, ships, and lorries, all loaded with racing essentials.

The logistics put you in mind of what is required to make your average container port function – more than 400 people using 70 forklift trucks are required to offload the equipment once it reaches Yas Island, while 600 vehicles are needed to move the gear to and from the circuit.

It’s not only about the equipment. As well as taking up 18 villas and 43 garages onsite, it is estimated the racing teams will go through 30,000 litres of drinks during race weekend, while more than 200 cylinders of gas and four tonnes of dry ice will be delivered. They’re trying to keep it atmospheric, evidently.

So the teams have arrived and are unloadin, but this is not the beginning of the process. Preparation for any Grand Prix takes days, pandemic or not. However, in these times of high alert over the possible spread of Covid-19, the cleaning process ahead of the racing has been a top priority, even when spectators won't be in attendance, save for 200 frontline workers per day.

Dedicated medical staff, maintenance crews, and technical experts have been at the track for several days already, and they will remain there over the course of the week, working to ensure the event runs as safely and seamlessly as possible.

The race will operate within what is being called the F1 biosphere, a secure bubble containing more than 3,000 people. Seven hotels on Yas Island will house those not in the villas, and they will be attended to by 1,100 hospitality staff.

Specifically with regard to the coronavirus, Abu Dhabi’s health services company Seha has allocated 62 medical personnel for the duration of the event, and they will work at 15 testing venues spread around the circuit. So far, even before things have really got going, staff have carried out an average of 420 tests per day since their arrival.

In fact, it is estimated a total of 12,000-plus tests will be conducted, which is an average of one every four minutes.

The Grand Prix’s local corporate sponsor Etihad Airways will also be providing 1,200 wellness kits for use over the course of the week, which will include hand sanitiser, face masks, gloves and snoods.

Covid-19 concerns aside, it will be an ongoing task for technicians and safety experts to inspect the circuit, checking everything from the placement and condition of crash barriers to making sure the tarmac is clean and clear. Medical teams and first responders are equipped and in place to deal with any emergency.

Those in the biosphere will be used to all the pandemic precautions by now. The lack of spectators will dent the atmosphere, even for those at home, but the prep has all been geared towards making all those watching remotely (which is everyone, pretty much) get the best possible experience when the cars finally get roaring later this week. Now, we’re just awaiting the arrival of the drivers.

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

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Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

LIKELY TEAMS

South Africa
Faf du Plessis (captain), Dean Elgar, Aiden Markram, Hashim Amla, AB de Villiers, Quinton de Kock (wkt), Vernon Philander, Keshav Maharaj, Kagiso Rabada, Morne Morkel, Lungi Ngidi.

India (from)
Virat Kohli (captain), Murali Vijay, Lokesh Rahul, Cheteshwar Pujara, Rohit Sharma, Ajinkya Rahane, Hardik Pandya, Dinesh Karthik (wkt), Ravichandran Ashwin, Bhuvneshwar Kumar, Ishant Sharma, Mohammad Shami, Jasprit Bumrah.

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

Apple product price list

iPad Pro

11" - $799 (64GB)
12.9" - $999 (64GB)

MacBook Air 

$1,199

Mac Mini

$799

While you're here
Company%C2%A0profile
%3Cp%3ECompany%3A%20Zywa%3Cbr%3EStarted%3A%202021%3Cbr%3EFounders%3A%20Nuha%20Hashem%20and%20Alok%20Kumar%3Cbr%3EBased%3A%20UAE%3Cbr%3EIndustry%3A%20FinTech%3Cbr%3EFunding%20size%3A%20%243m%3Cbr%3ECompany%20valuation%3A%20%2430m%3C%2Fp%3E%0A
BRIEF SCORES

England 228-7, 50 overs
N Sciver 51; J Goswami 3-23

India 219, 48.4 overs
P Raut 86, H Kaur 51; A Shrubsole 6-46

England won by nine runs

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