• ARSENAL RATINGS: Aaron Ramsdale – 6 The Arsenal shot-stopper was thankful for a last-ditch tackle by White after he’d parried Dewsbury-Hall’s low cross in the box into Maddison’s path. He later made a terrific save to deny Barnes’ header. EPA
    ARSENAL RATINGS: Aaron Ramsdale – 6 The Arsenal shot-stopper was thankful for a last-ditch tackle by White after he’d parried Dewsbury-Hall’s low cross in the box into Maddison’s path. He later made a terrific save to deny Barnes’ header. EPA
  • Cedric Soares – 6 Continued his spell with Tomiyasu forced to watch from the sidelines, and lost possession a little more than he would have liked when dealing with Leicester’s main attacking threat. Reuters
    Cedric Soares – 6 Continued his spell with Tomiyasu forced to watch from the sidelines, and lost possession a little more than he would have liked when dealing with Leicester’s main attacking threat. Reuters
  • Ben White – 8 The former Brighton and Hove Albion man put in a terrific tackle to deny Maddison a chance to equalise just before the half-hour mark. EPA
    Ben White – 8 The former Brighton and Hove Albion man put in a terrific tackle to deny Maddison a chance to equalise just before the half-hour mark. EPA
  • Gabriel – 7 Took a palm to his face in the first half but had a solid display in the backline to keep Iheanacho quiet. Getty
    Gabriel – 7 Took a palm to his face in the first half but had a solid display in the backline to keep Iheanacho quiet. Getty
  • Kieran Tierney – 7 The Scotsman’s key moment came as Leicester looked for a way back into the game, when he put in an excellent block to deny Barnes in the box. AFP
    Kieran Tierney – 7 The Scotsman’s key moment came as Leicester looked for a way back into the game, when he put in an excellent block to deny Barnes in the box. AFP
  • Thomas Partey – 9 The 6ft midfielder was gifted a free header in the box from a Martinelli corner to score his second goal of the season. He nearly grabbed a second when his effort from outside the box hit the crossbar. The Ghanian had another chance when he headed Schmeichel’s clearance goalward in the lead up to Arsenal’s penalty. EPA
    Thomas Partey – 9 The 6ft midfielder was gifted a free header in the box from a Martinelli corner to score his second goal of the season. He nearly grabbed a second when his effort from outside the box hit the crossbar. The Ghanian had another chance when he headed Schmeichel’s clearance goalward in the lead up to Arsenal’s penalty. EPA
  • Granit Xhaka – 6 After a charging run forward, the Swiss midfielder was given an opportunity to shoot from distance in the second half, although it finished just over the target. AP
    Granit Xhaka – 6 After a charging run forward, the Swiss midfielder was given an opportunity to shoot from distance in the second half, although it finished just over the target. AP
  • Bukayo Saka – 7 Lively throughout, the England forward forced Schmeichel to palm away an effort after half-time as Arsenal piled on the pressure. AP
    Bukayo Saka – 7 Lively throughout, the England forward forced Schmeichel to palm away an effort after half-time as Arsenal piled on the pressure. AP
  • Martin Odegaard – 8 Continues to be an impressive playmaker. He made things happen and was part of every Arsenal move. Getty
    Martin Odegaard – 8 Continues to be an impressive playmaker. He made things happen and was part of every Arsenal move. Getty
  • Gabriel Martinelli – 7 In the week that the Brazilian received his first senior call-up for his national side, Martinelli made Pereira work hard on the wing. He also whipped in a delightful corner which Partey headed in with ease. Reuters
    Gabriel Martinelli – 7 In the week that the Brazilian received his first senior call-up for his national side, Martinelli made Pereira work hard on the wing. He also whipped in a delightful corner which Partey headed in with ease. Reuters
  • Alexandre Lacazette – 7 The Arsenal captain finally ended his goalless streak as he gave Schmeichel no chance from the spot, firing into the roof of the net. Earlier, the Frenchman broke free from Mendy before seeing a low drive from distance easily collected. Reuters
    Alexandre Lacazette – 7 The Arsenal captain finally ended his goalless streak as he gave Schmeichel no chance from the spot, firing into the roof of the net. Earlier, the Frenchman broke free from Mendy before seeing a low drive from distance easily collected. Reuters
  • SUBS: Emile Smith Rowe (Martinelli 77’) N/R – A return to action for Arsenal’s top goalscorer, who looked bright in his brief cameo. Getty
    SUBS: Emile Smith Rowe (Martinelli 77’) N/R – A return to action for Arsenal’s top goalscorer, who looked bright in his brief cameo. Getty
  • Nicolas Pepe (Saka 86’) – N/R, Didn’t see much of the ball but Arsenal were comfortable enough by the time he came off the bench. EPA
    Nicolas Pepe (Saka 86’) – N/R, Didn’t see much of the ball but Arsenal were comfortable enough by the time he came off the bench. EPA
  • Eddie Nketiah (Lacazette 88’) – N/R A late change for Arsenal to help them see out the game. PA
    Eddie Nketiah (Lacazette 88’) – N/R A late change for Arsenal to help them see out the game. PA
  • LEICESTER RATINGS: Kasper Schmeichel – 6 The 35-year-old goalkeeper was called into early action when Martinelli was put through on goal, and he did well to deny the Brazilian with his boot. No stopping either goal. Getty
    LEICESTER RATINGS: Kasper Schmeichel – 6 The 35-year-old goalkeeper was called into early action when Martinelli was put through on goal, and he did well to deny the Brazilian with his boot. No stopping either goal. Getty
  • Ricardo Pereira – 6 The right-back passed a late fitness and was handed the task of sticking to Martinelli like glue, which he did well. Subbed off after Arsenal’s second, with Martinelli beginning to cause trouble in the second half. AFP
    Ricardo Pereira – 6 The right-back passed a late fitness and was handed the task of sticking to Martinelli like glue, which he did well. Subbed off after Arsenal’s second, with Martinelli beginning to cause trouble in the second half. AFP
  • Daniel Amartey – 6 The Foxes centre-back didn’t do anything wrong, and he held firm despite finding Lacazette a handful. Getty
    Daniel Amartey – 6 The Foxes centre-back didn’t do anything wrong, and he held firm despite finding Lacazette a handful. Getty
  • Caglar Soyuncu – 5 After Saka had lost Thomas during a solo run forward, it was the Turkish centre-back who put in a decent tackle in the box to give his side breathing space in the first 20 minutes. Getty
    Caglar Soyuncu – 5 After Saka had lost Thomas during a solo run forward, it was the Turkish centre-back who put in a decent tackle in the box to give his side breathing space in the first 20 minutes. Getty
  • Luke Thomas – 5 The young full-back had a tough task on his hands dealing with Saka’s pace, and he lost his man when over-anticipating Partey’s run to meet Martinelli’s corner for Arsenal’s opener. Provided a terrific goal-line clearance to deny Arsenal a second. EPA
    Luke Thomas – 5 The young full-back had a tough task on his hands dealing with Saka’s pace, and he lost his man when over-anticipating Partey’s run to meet Martinelli’s corner for Arsenal’s opener. Provided a terrific goal-line clearance to deny Arsenal a second. EPA
  • James Maddison – 5 The 25-year-old playmaker came in for Youri Tielemans, after having shaken off a lower back problem. He was quiet in the opening stages, but had the perfect opportunity to equalise when Ramsdale pushed a shot in his direction; only for the midfielder to stumble. EPA
    James Maddison – 5 The 25-year-old playmaker came in for Youri Tielemans, after having shaken off a lower back problem. He was quiet in the opening stages, but had the perfect opportunity to equalise when Ramsdale pushed a shot in his direction; only for the midfielder to stumble. EPA
  • Nampalys Mendy – 6 The Afcon winner was handed his first start in the Premier League this season, having played just 14 minutes prior, and he looked a solid asset in the middle. EPA
    Nampalys Mendy – 6 The Afcon winner was handed his first start in the Premier League this season, having played just 14 minutes prior, and he looked a solid asset in the middle. EPA
  • Kiernan Dewsbury-Hall – 6 The young midfielder has proven himself to be worthy of a place but he found it hard to create anything of note. Action Images
    Kiernan Dewsbury-Hall – 6 The young midfielder has proven himself to be worthy of a place but he found it hard to create anything of note. Action Images
  • Marc Albrighton – 6 Whipped in an absolute stunner of a ball after a corner was blocked, which Barnes connected with well to put Ramsdale to work 10 minutes before half-time. Reuters
    Marc Albrighton – 6 Whipped in an absolute stunner of a ball after a corner was blocked, which Barnes connected with well to put Ramsdale to work 10 minutes before half-time. Reuters
  • Kelechi Iheanacho – 4 With Jamie Vardy sidelined, the Nigerian was chosen to lead the line in his first league start of 2022, but he made very little impact. His first shot came just before his withdrawal from the match. Booked Getty
    Kelechi Iheanacho – 4 With Jamie Vardy sidelined, the Nigerian was chosen to lead the line in his first league start of 2022, but he made very little impact. His first shot came just before his withdrawal from the match. Booked Getty
  • Harvey Barnes – 7 Looking for his second goal in two games, the Leicester City academy graduate connected superbly well with an Albrighton cross and forced the Ramsdale to push over. Leicester’s main goal threat. EPA
    Harvey Barnes – 7 Looking for his second goal in two games, the Leicester City academy graduate connected superbly well with an Albrighton cross and forced the Ramsdale to push over. Leicester’s main goal threat. EPA
  • SUBS: James Justin (Pereira 61’) – 5 A return to action for the young prospect, who will be hoping for better luck than his last comeback. Getty
    SUBS: James Justin (Pereira 61’) – 5 A return to action for the young prospect, who will be hoping for better luck than his last comeback. Getty
  • Wilfred Ndidi (Mendy 61’) – 6 Clearly unhappy to be dropped, Ndidi slotted straight back in with seven tackles during his time on the pitch, the most of the game. Getty
    Wilfred Ndidi (Mendy 61’) – 6 Clearly unhappy to be dropped, Ndidi slotted straight back in with seven tackles during his time on the pitch, the most of the game. Getty
  • Patson Daka (Iheanacho 74’) – N/R Booked during a frustrating cameo from the bench. Action Images
    Patson Daka (Iheanacho 74’) – N/R Booked during a frustrating cameo from the bench. Action Images

Arsenal vs Leicester player ratings: Partey 9, Odegaard 8; Iheanacho 4, Maddison 5


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Mikel Arteta said Thomas Partey has “come a long way” since he signed for the club after the Ghana international produced a starring performance in Arsenal’s 2-0 win over Leicester.

Partey and Alexandre Lacazette were on target as the Gunners reclaimed fourth spot in the Premier League from Manchester United, who beat Tottenham on Saturday.

Partey put Arsenal ahead with an 11th-minute header while he also hit the woodwork with a shot and played a key role in the incident which led to the second-half penalty from which Lacazette scored to seal all three points.

The 28-year-old may not have hit the headlines as much as some of his team-mates since joining from Atletico Madrid in 2020, but Arteta believes the midfielder – named Arsenal’s player of the month for the first time in February – is getting better all the time.

“He almost scored shooting, he had a great shot onto the crossbar, he was involved in both goals – the header he scored and the penalty as well – and the reaction when he had the shot,” Arteta said.

“You could see he was voted player of the month last month and he’s come a long way, he has the consistency and the minutes, he understands what we want much better.

“I think his cohesion and understanding with the rest of the players is getting better and better and now it is about consistency and to keep doing it.”

Arsenal have not finished in the top four since Arsene Wenger was in charge and last season did not qualify for Europe for the first time since the 1994-95 campaign, but they currently have a one-point advantage and three games in hand on fifth-placed Manchester United.

West Ham in sixth and seventh-placed Wolves have also played three games more than the Gunners, and are three and five points worse off respectively.

You can see the player ratings from the match in the gallery above. To move on to the next photo, click on the arrows or if using a mobile device, simply swipe.

UAE Premiership

Results
Dubai Exiles 24-28 Jebel Ali Dragons
Abu Dhabi Harlequins 43-27 Dubai Hurricanes

Fixture
Friday, March 29, Abu Dhabi Harlequins v Jebel Ali Dragons, The Sevens, Dubai

Formula%204%20Italian%20Championship%202023%20calendar
%3Cp%3EApril%2021-23%3A%20Imola%3Cbr%3EMay%205-7%3A%20Misano%3Cbr%3EMay%2026-28%3A%20SPA-Francorchamps%3Cbr%3EJune%2023-25%3A%20Monza%3Cbr%3EJuly%2021-23%3A%20Paul%20Ricard%3Cbr%3ESept%2029-Oct%201%3A%20Mugello%3Cbr%3EOct%2013-15%3A%20Vallelunga%3C%2Fp%3E%0A
It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

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

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

What you as a drone operator need to know

A permit and licence is required to fly a drone legally in Dubai.

Sanad Academy is the United Arab Emirate’s first RPA (Remotely Piloted Aircraft) training and certification specialists endorsed by the Dubai Civil Aviation authority.

It is responsible to train, test and certify drone operators and drones in UAE with DCAA Endorsement.

“We are teaching people how to fly in accordance with the laws of the UAE,” said Ahmad Al Hamadi, a trainer at Sanad.

“We can show how the aircraft work and how they are operated. They are relatively easy to use, but they need responsible pilots.

“Pilots have to be mature. They are given a map of where they can and can’t fly in the UAE and we make these points clear in the lectures we give.

“You cannot fly a drone without registration under any circumstances.”

Larger drones are harder to fly, and have a different response to location control. There are no brakes in the air, so the larger drones have more power.

The Sanad Academy has a designated area to fly off the Al Ain Road near Skydive Dubai to show pilots how to fly responsibly.

“As UAS technology becomes mainstream, it is important to build wider awareness on how to integrate it into commerce and our personal lives,” said Major General Abdulla Khalifa Al Marri, Commander-in-Chief, Dubai Police.

“Operators must undergo proper training and certification to ensure safety and compliance.

“Dubai’s airspace will undoubtedly experience increased traffic as UAS innovations become commonplace, the Forum allows commercial users to learn of best practice applications to implement UAS safely and legally, while benefitting a whole range of industries.”

Our legal consultant

Name: Dr Hassan Mohsen Elhais

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

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar

Results

3pm: Handicap (PA) Dh40,000 (Dirt) 1,000m; Winner: Dhafra, Antonio Fresu (jockey), Eric Lemartinel (trainer)

3.30pm: Maiden (PA) Dh40,000 (D) 2,000m; Winner: Al Ajayib, Antonio Fresu, Eric Lemartinel

4pm: Handicap (PA) Dh40,000 (D) 1,700m; Winner: Ashtr, Abdul Aziz Al Balushi, Majed Al Jahouri

4.30pm: Handicap (TB) Dh40,000 (D) 1,700m; Winner: Falcon Claws, Szczepan Mazur, Doug Watson

5pm: Sheikh Dr Sultan bin Khalifa Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,700m; Winner: Al Mufham SB, Al Moatasem Al Balushi, Badar Al Hajri

5.30pm: Sharjah Marathon – Handicap (PA) Dh70,000 (D) 2,700m; Winner: Asraa Min Al Talqa, Al Moatasem Al Balushi, Helal Al Alawi

UAE v Zimbabwe A, 50 over series

Fixtures
Thursday, Nov 9 - 9.30am, ICC Academy, Dubai
Saturday, Nov 11 – 9.30am, ICC Academy, Dubai
Monday, Nov 13 – 2pm, Dubai International Stadium
Thursday, Nov 16 – 2pm, ICC Academy, Dubai
Saturday, Nov 18 – 9.30am, ICC Academy, Dubai

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Arsenal's pre-season fixtures

Thursday Beat Sydney 2-0 in Sydney

Saturday v Western Sydney Wanderers in Sydney

Wednesday v Bayern Munich in Shanghai

July 22 v Chelsea in Beijing

July 29 v Benfica in London

July 30 v Sevilla in London

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

THE SPECS

Engine: 1.6-litre turbo

Transmission: six-speed automatic

Power: 165hp

Torque: 240Nm

Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)

On sale: Now

THE BIO

Favourite book: ‘Purpose Driven Life’ by Rick Warren

Favourite travel destination: Switzerland

Hobbies: Travelling and following motivational speeches and speakers

Favourite place in UAE: Dubai Museum

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The biog

Born: near Sialkot, Pakistan, 1981

Profession: Driver

Family: wife, son (11), daughter (8)

Favourite drink: chai karak

Favourite place in Dubai: The neighbourhood of Khawaneej. “When I see the old houses over there, near the date palms, I can be reminded of my old times. If I don’t go down I cannot recall my old times.”

MATCH INFO

Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)

Man of the match Harry Kane

Company%C2%A0profile
%3Cp%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMay%202022%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EHusam%20Aboul%20Hosn%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDIFC%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%E2%80%94%20Innovation%20Hub%3Cbr%3E%3Cstrong%3EEmployees%3A%20%3C%2Fstrong%3Eeight%3Cbr%3E%3Cstrong%3EStage%3A%20%3C%2Fstrong%3Epre-seed%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3Epre-seed%20funding%20raised%20from%20family%20and%20friends%20earlier%20this%20year%3C%2Fp%3E%0A

Company profile

Name: Oulo.com

Founder: Kamal Nazha

Based: Dubai

Founded: 2020

Number of employees: 5

Sector: Technology

Funding: $450,000

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

MATCH INFO

Everton v Tottenham, Sunday, 8.30pm (UAE)

Match is live on BeIN Sports

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Malcolm & Marie

Directed by: Sam Levinson

Starring: John David Washington and Zendaya

Three stars

COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
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

Day 5, Abu Dhabi Test: At a glance

Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.

Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.

The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.

Updated: March 14, 2022, 3:17 AM