Virgil van Dijk has agreed a new long-term contract at Liverpool. Getty
Virgil van Dijk has agreed a new long-term contract at Liverpool. Getty
Virgil van Dijk has agreed a new long-term contract at Liverpool. Getty
Virgil van Dijk has agreed a new long-term contract at Liverpool. Getty

Virgil van Dijk signs new deal at Liverpool


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Virgil van Dijk has signed a new deal with Liverpool that will see him remain at the club until the summer of 2025.

The 30-year-old Dutch defender, whose previous contract was still to run until 2023, has agreed the extension, joining Trent Alexander-Arnold, Fabinho and Alisson in committing their long-term futures to the Premier League club this summer.

Van Dijk is currently working his way back to full fitness after picking up a serious knee injury last October that would see him miss the rest of the Premier League season and Euro 2020 in the summer.

Asked how it felt about signing his new deal, Van Dijk told Liverpoolfc.com: “Amazing. It is something to be very proud of, that I am very proud of, that my wife and my kids are very proud of and obviously my agency.

“All the hard work we’ve put in so far continues and I am looking forward to what the future brings together with Liverpool. I’m delighted, very happy and proud.

“Since day one when I joined the club, I felt so much appreciation from the fans and from my teammates and the staff, that I could be a very important member of this football club.

“It has been going well; unfortunately last season for me personally has been a season to forget, to learn from and take with me, but I have enjoyed my time here and will keep enjoying it in the next couple of years altogether with all of you.”

Van Dijk could feature in Liverpool's season opener at Norwich on Saturday. “I feel good,” he added. “Friendlies, you get your match fitness up, get into repetitions of doing things again and again.

“I feel like I am ready for the weekend, so we'll see what the manager decides. It is going to be a totally different atmosphere and mindset for me personally as well.”

Liverpool manager Jurgen Klopp made clear his views on Van Dijk's contract. "It's great news," he said. "The good thing is that we know him already. We've used him already quite successfully and we are really happy that he's happy here.

"He is back on track and preparing for a very successful at this club. Imagine if we had to buy this boy now. Thank god we only had to give him a new contract."

Five players Liverpool should sign this summer

  • Nicolo Barella - Carried his impressive club form with Italian champions Inter Milan through to the European Championship with Italy. A midfielder very much in the Jurgen Klopp mould who loves to bomb forward. La Repubblica reported last week that Liverpool are preparing to offer £60 million for the 24 year old.
    Nicolo Barella - Carried his impressive club form with Italian champions Inter Milan through to the European Championship with Italy. A midfielder very much in the Jurgen Klopp mould who loves to bomb forward. La Repubblica reported last week that Liverpool are preparing to offer £60 million for the 24 year old.
  • Patrik Schick - Scorer of the goal of Euro 2020 with an audacious chip from the halfway line to beat Scotland goalkeeper David Marshall. Finished the touanment with four goals as Czech Republic reached the quarter-finals. The 25-year-old forward seems to be over the injuries that have blighted his career but Bayer Leverkusen are reluctant to sell their prized asset.
    Patrik Schick - Scorer of the goal of Euro 2020 with an audacious chip from the halfway line to beat Scotland goalkeeper David Marshall. Finished the touanment with four goals as Czech Republic reached the quarter-finals. The 25-year-old forward seems to be over the injuries that have blighted his career but Bayer Leverkusen are reluctant to sell their prized asset.
  • Youri Tielemans - One of the most underrated central midfielders in the Premier League. Tielemans' screamer in the FA Cup final was worthy of winning any match. Leicester's Belgian international, 24, rarely wastes possesion and a superb passer. Would fill the void left by Georginio Wijnaldum's departure perfectly.
    Youri Tielemans - One of the most underrated central midfielders in the Premier League. Tielemans' screamer in the FA Cup final was worthy of winning any match. Leicester's Belgian international, 24, rarely wastes possesion and a superb passer. Would fill the void left by Georginio Wijnaldum's departure perfectly.
  • Robin Gosens - Arguably the best individual performance at Euro 2020 belonged to the German wing-back. Involved in all four of Germany's goals in the win over Portugal in the group phase, including a bullet header. The left-sided Atalanta player, 27, can also operate as part of a back four and would provide meaningful competition for Andy Robertson.
    Robin Gosens - Arguably the best individual performance at Euro 2020 belonged to the German wing-back. Involved in all four of Germany's goals in the win over Portugal in the group phase, including a bullet header. The left-sided Atalanta player, 27, can also operate as part of a back four and would provide meaningful competition for Andy Robertson.
  • Saul Niguez - It speaks volumes about the calibre of Spanish midfielders that Niguez was left out of Luis Enrique's Euro 2020 squad. Battle-hardened after manning a midfield coached by Diego Simeone, Niguez, 26, was a vital cog in the Atletico Madrid team that beat Real Madrid and Barcelona to last season's La Liga title. Reports in the UK say Liverpool may include Xherdan Shaqiri or Divock Origi in a deal to sign the Atletico player.
    Saul Niguez - It speaks volumes about the calibre of Spanish midfielders that Niguez was left out of Luis Enrique's Euro 2020 squad. Battle-hardened after manning a midfield coached by Diego Simeone, Niguez, 26, was a vital cog in the Atletico Madrid team that beat Real Madrid and Barcelona to last season's La Liga title. Reports in the UK say Liverpool may include Xherdan Shaqiri or Divock Origi in a deal to sign the Atletico player.
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Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The BIO

Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.

Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.

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

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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%3Cul%3E%0A%3Cli%3ECBDC%20real-value%20pilot%20held%20with%20three%20partner%20institutions%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPreparing%20buy%20now%2C%20pay%20later%20regulations%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPreparing%20for%20the%202023%20launch%20of%20the%20domestic%20card%20initiative%26nbsp%3B%3C%2Fli%3E%0A%3Cli%3EPhase%20one%20of%20the%20Financial%20Infrastructure%20Transformation%20(FiT)%20completed%3C%2Fli%3E%0A%3C%2Ful%3E%0A
AGL AWARDS

Golden Ball - best Emirati player: Khalfan Mubarak (Al Jazira)
Golden Ball - best foreign player: Igor Coronado (Sharjah)
Golden Glove - best goalkeeper: Adel Al Hosani (Sharjah)
Best Coach - the leader: Abdulaziz Al Anbari (Sharjah)
Fans' Player of the Year: Driss Fetouhi (Dibba)
Golden Boy - best young player: Ali Saleh (Al Wasl)
Best Fans of the Year: Sharjah
Goal of the Year: Michael Ortega (Baniyas)

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

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

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

AL%20BOOM
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Our family matters legal consultant

 

Name: Hassan Mohsen Elhais

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

Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

Company profile

Date started: 2015

Founder: John Tsioris and Ioanna Angelidaki

Based: Dubai

Sector: Online grocery delivery

Staff: 200

Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The essentials

What: Emirates Airline Festival of Literature

When: Friday until March 9

Where: All main sessions are held in the InterContinental Dubai Festival City

Price: Sessions range from free entry to Dh125 tickets, with the exception of special events.

Hot Tip: If waiting for your book to be signed looks like it will be timeconsuming, ask the festival’s bookstore if they have pre-signed copies of the book you’re looking for. They should have a bunch from some of the festival’s biggest guest authors.

Information: www.emirateslitfest.com
 

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

Specs

Engine: 51.5kW electric motor

Range: 400km

Power: 134bhp

Torque: 175Nm

Price: From Dh98,800

Available: Now

Updated: August 13, 2021, 11:05 AM