• Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid reviews final preparations for Expo 2020 Dubai with one month to go before the grand opening.
    Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid reviews final preparations for Expo 2020 Dubai with one month to go before the grand opening.
  • The tour of the Expo 2020 Dubai site included landmarks such as the Garden in the Sky.
    The tour of the Expo 2020 Dubai site included landmarks such as the Garden in the Sky.
  • Sheikh Mohammed bin Rashid, UAE Vice President and Ruler of Dubai, said the Emirates will soon welcome the world to Dubai. All photos courtesy Dubai Media Office
    Sheikh Mohammed bin Rashid, UAE Vice President and Ruler of Dubai, said the Emirates will soon welcome the world to Dubai. All photos courtesy Dubai Media Office
  • One month before the doors to Expo 2020 Dubai are set to open, UAE leaders have shared new images of the world fair site.
    One month before the doors to Expo 2020 Dubai are set to open, UAE leaders have shared new images of the world fair site.
  • Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wrote that the event will build on the country's long-standing history of cultural exchange.
    Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wrote that the event will build on the country's long-standing history of cultural exchange.
  • Expo 2020 Dubai will open its doors to the public on October 1.
    Expo 2020 Dubai will open its doors to the public on October 1.
  • The much-anticipated six-month event is expected to attract millions of visitors before it draws to a close on March 31, 2022.
    The much-anticipated six-month event is expected to attract millions of visitors before it draws to a close on March 31, 2022.
  • Organisers and workers are in the final stretch of testing stunning structures for the World Fair that will begin in Dubai in a month.
    Organisers and workers are in the final stretch of testing stunning structures for the World Fair that will begin in Dubai in a month.
  • Each evening, live entertainment from international artistes will include opera, ballet and theatre.
    Each evening, live entertainment from international artistes will include opera, ballet and theatre.
  • UAE leaders have been conducting site visits throughout the construction of the mega project.
    UAE leaders have been conducting site visits throughout the construction of the mega project.
  • Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wrote that the event will build on the country's long-standing history of cultural exchange.
    Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wrote that the event will build on the country's long-standing history of cultural exchange.
  • Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wrote that the event will build on the country's long-standing history of cultural exchange.
    Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, wrote that the event will build on the country's long-standing history of cultural exchange.
  • Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid reviews final preparations for Expo 2020 Dubai with one month to go before the grand opening.
    Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid reviews final preparations for Expo 2020 Dubai with one month to go before the grand opening.

Sport

Football

Expo 2020 Dubai partners with AC Milan ahead of October launch

City of Milan held the last world fair in 2015

The National

September 01, 2021

  • English
  • Arabic

Expo 2020 Dubai has added another feather to its cap by partnering with Serie A giants AC Milan a month before the event kicks off.

Wednesday was a hectic day as UAE leaders shared new images of the impressive Expo 2020 site. Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, posted previously unseen photos on social media.

And later in the day, a partnership with AC Milan was announced, adding to the excitement as expo opening day - October 1 - draws closer.

"We are excited to announce Expo 2020 Dubai as an Official Partner of AC Milan, with the rossoneri bringing their heritage and creative vision to Expo 2020 and inspiring positive change through football," the social media post announcing the partnership said.

Milan, meanwhile, said it is part of their push to promote the club in “a key market”.

Expo 2020 Dubai is set to be the largest event to be held in the region with nearly 200 countries setting up pavilions to showcase innovations. It was rescheduled for this year due of the pandemic.

“As a club based in Milan, a city that hosted the most recent World Expo in 2015, we know that Expo 2020 is a special moment in history that sees the world comes together to unlock its potential,” Casper Stylsvig, Milan’s chief revenue officer, was quoted as saying by the Associated Press.

The club added that it will provide “unique content” with players for the Expo and “will bring its heritage and vision to promote the fundamental values of sport and inspire positive change through football.”

Zayed Sustainability Prize
Kibsons%20Cares
%3Cp%3E%3Cstrong%3ERecycling%3Cbr%3E%3C%2Fstrong%3EAny%20time%20you%20receive%20a%20Kibsons%20order%2C%20you%20can%20return%20your%20cardboard%20box%20to%20the%20drivers.%20They%E2%80%99ll%20be%20happy%20to%20take%20it%20off%20your%20hands%20and%20ensure%20it%20gets%20reused%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EKind%20to%20health%20and%20planet%3C%2Fstrong%3E%3Cbr%3ESolar%20%E2%80%93%2025-50%25%20of%20electricity%20saved%3Cbr%3EWater%20%E2%80%93%2075%25%20of%20water%20reused%3Cbr%3EBiofuel%20%E2%80%93%20Kibsons%20fleet%20to%20get%2020%25%20more%20mileage%20per%20litre%20with%20biofuel%20additives%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESustainable%20grocery%20shopping%3C%2Fstrong%3E%3Cbr%3ENo%20antibiotics%3Cbr%3ENo%20added%20hormones%3Cbr%3ENo%20GMO%3Cbr%3ENo%20preservatives%3Cbr%3EMSG%20free%3Cbr%3E100%25%20natural%3C%2Fp%3E%0A
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

Three ways to get a gratitude glow

By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.

  • During your morning skincare routine, name five things you are thankful for about yourself.
  • As you finish your skincare routine, look yourself in the eye and speak an affirmation, such as: “I am grateful for every part of me, including my ability to take care of my skin.”
  • In the evening, take some deep breaths, notice how your skin feels, and listen for what your skin is grateful for.
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

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The specs

Engine: 8.0-litre, quad-turbo 16-cylinder

Transmission: 7-speed auto

0-100kmh 2.3 seconds

0-200kmh 5.5 seconds

0-300kmh 11.6 seconds

Power: 1500hp

Torque: 1600Nm

Price: Dh13,400,000

On sale: now

Indoor cricket in a nutshell

Indoor cricket in a nutshell
Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full

While you're here
COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
Zayed Sustainability Prize
The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Series info

Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday

ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23

T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29

Tickets Available at www.q-tickets.com

Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.

Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.

MATCH INFO

FA Cup fifth round

Chelsea v Manchester United, Monday, 11.30pm (UAE), BeIN Sports

Updated: September 01, 2021, 4:10 PM
UAEExpo 2020 DubaiAC MilanSerie A

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