Kalvin Phillips has established himself as an England regular since Leeds' return to the Premier League. Getty Images
Kalvin Phillips has established himself as an England regular since Leeds' return to the Premier League. Getty Images
Kalvin Phillips has established himself as an England regular since Leeds' return to the Premier League. Getty Images
Kalvin Phillips has established himself as an England regular since Leeds' return to the Premier League. Getty Images

Man City agree deal for Leeds' Kalvin Phillips as Gabriel Jesus set for Arsenal switch


Steve Luckings
  • English
  • Arabic

Manchester City have agreed a fee of £45 million ($55 million) fee with Leeds United for the services of England midfielder Kalvin Phillips.

The Premier League champions will pay £42m for the 26-year-old with potential bonuses of £3m.

The transfer is subject to Phillips agreeing personal terms with Pep Guardiola's side, though that is not expected to be an issue.

Guardiola has picked Phillips to bolster his midfield after the departure of long-serving Brazilian stalwart Fernandinho at the end of last season.

Phillips came through the youth ranks at Leeds and played a key part in their promotion back to the Premier League two years ago.

He went on to establish himself as an England international, featuring in their run to the European Championship final last year.

Phillips would become City's third major addition since the end of last season after the arrival of Borussia Dortmund's Norway striker Erling Haaland and Argentina forward Julian Alvarez, who has been loaned back to River Plate.

Meanwhile, City academy midfielder Darko Gyabi will move to Leeds for around £5 million.

The deal for Gyabi, an 18-year-old England Under 18 international who joined City from Millwall four years ago, has been negotiated independently of the Phillips move.

Manchester City 2021/22 season ratings

  • GOALKEEPERS: Ederson 8 - Won the coveted Premier League Golden Glove award after keeping 20 clean sheets this season. In a team full of pass masters, the Brazilian can hold his own against any of his outfield teammates. AP Photo
    GOALKEEPERS: Ederson 8 - Won the coveted Premier League Golden Glove award after keeping 20 clean sheets this season. In a team full of pass masters, the Brazilian can hold his own against any of his outfield teammates. AP Photo
  • Zack Steffen 5 - Usually an able deputy but his mistake against Liverpool in the FA Cup semi-final cost City the chance of a league-and-cup double. EPA
    Zack Steffen 5 - Usually an able deputy but his mistake against Liverpool in the FA Cup semi-final cost City the chance of a league-and-cup double. EPA
  • DEFENDERS: Kyle Walker 8 - A one-man flank down City's right. Few posses the Englishman's pace and powers of recovery. His distribution has improved this campaign too. AFP
    DEFENDERS: Kyle Walker 8 - A one-man flank down City's right. Few posses the Englishman's pace and powers of recovery. His distribution has improved this campaign too. AFP
  • Ruben Dias 6 - Failed to match last season's achievements when he was named player of the season. Found himself in and out of the side. AFP
    Ruben Dias 6 - Failed to match last season's achievements when he was named player of the season. Found himself in and out of the side. AFP
  • John Stones 7 - Showed his versatility by filling in at right-back on occasion and another solid season ends with a Premier League winner's medal. Getty Images
    John Stones 7 - Showed his versatility by filling in at right-back on occasion and another solid season ends with a Premier League winner's medal. Getty Images
  • Nathan Ake 6 - A much-improved season though still struggling to nail down a first-team place. Always committed and gives his all. AFP
    Nathan Ake 6 - A much-improved season though still struggling to nail down a first-team place. Always committed and gives his all. AFP
  • Oleksandr Zinchenko 7 - Emotional scenes at the Etihad as the Ukrainian draped his country's flag around the Premier League trophy. Underrated player who never grumbles about filling in at left-back despite being a midfielder by trade. Getty Images
    Oleksandr Zinchenko 7 - Emotional scenes at the Etihad as the Ukrainian draped his country's flag around the Premier League trophy. Underrated player who never grumbles about filling in at left-back despite being a midfielder by trade. Getty Images
  • Aymeric Laporte 8 - After playing second fiddle to Dias last season, the Spaniard has re-emerged as one of the best centre-backs in the league this term. Reuters
    Aymeric Laporte 8 - After playing second fiddle to Dias last season, the Spaniard has re-emerged as one of the best centre-backs in the league this term. Reuters
  • Joao Cancelo 9 - The Portuguese almost seems wasted at left-back, such is his passing ability and knack for supplying teammates during his forays forward. City's player of the season, for me. AFP
    Joao Cancelo 9 - The Portuguese almost seems wasted at left-back, such is his passing ability and knack for supplying teammates during his forays forward. City's player of the season, for me. AFP
  • MIDFIELDERS: Ilkay Gundogan 8 - When it looked as though the title was lost on the final day, the German midfielder came off the bench to drag City over the line with two of the most important goals of his career. Another excellent campaign. AFP
    MIDFIELDERS: Ilkay Gundogan 8 - When it looked as though the title was lost on the final day, the German midfielder came off the bench to drag City over the line with two of the most important goals of his career. Another excellent campaign. AFP
  • Jack Grealish 6 - Hard to say the Englishman has justified his £100 million price tag, or that he has necessarily made City a better team. AFP
    Jack Grealish 6 - Hard to say the Englishman has justified his £100 million price tag, or that he has necessarily made City a better team. AFP
  • Rodri 8 - The Spanish metronome just keeps City ticking. Popped up with some crucial goals as City won a fourth Premier League title in five seasons. AFP
    Rodri 8 - The Spanish metronome just keeps City ticking. Popped up with some crucial goals as City won a fourth Premier League title in five seasons. AFP
  • Kevin de Bruyne 9 - Another standout campaign from the brilliant Belgian. Fifteen-goals - including four in one match against Wolves - and eight assists despite missing eight league games. Will undoubtedly get a statue at the Etihad alongside Aguero, Kompany and Silva when he does call it a day. Getty Images
    Kevin de Bruyne 9 - Another standout campaign from the brilliant Belgian. Fifteen-goals - including four in one match against Wolves - and eight assists despite missing eight league games. Will undoubtedly get a statue at the Etihad alongside Aguero, Kompany and Silva when he does call it a day. Getty Images
  • Bernardo Silva 8 - The one player Guardiola can give any assignment to - whether at the base, on the wing or as a False 9 - knowing he will excel in that role. Getty Images
    Bernardo Silva 8 - The one player Guardiola can give any assignment to - whether at the base, on the wing or as a False 9 - knowing he will excel in that role. Getty Images
  • Fernandinho 6 - Took Guardiola by surprise when he announced he will leave the club this summer. Second fiddle to Rodri now, but what a loyal servant the Brazilian has been. Getty Images
    Fernandinho 6 - Took Guardiola by surprise when he announced he will leave the club this summer. Second fiddle to Rodri now, but what a loyal servant the Brazilian has been. Getty Images
  • Phil Foden 8 - Few players have the poise and grace of Foden. One of those players that can run with ball full speed. An absolute nightmare for defenders. Getty Images
    Phil Foden 8 - Few players have the poise and grace of Foden. One of those players that can run with ball full speed. An absolute nightmare for defenders. Getty Images
  • Cole Palmer 5 - No shame in finding minutes hard to come by with City's galaxy of midfield stars ahead of him. Getty Images
    Cole Palmer 5 - No shame in finding minutes hard to come by with City's galaxy of midfield stars ahead of him. Getty Images
  • Raheem Sterling 7 - A bit of a mixed bag for the English forward. A healthy goal return of 13 in the league but has looked leggy, with perhaps tiredness a factor having helped England reach the Euro 2020 final last summer. Getty Images
    Raheem Sterling 7 - A bit of a mixed bag for the English forward. A healthy goal return of 13 in the league but has looked leggy, with perhaps tiredness a factor having helped England reach the Euro 2020 final last summer. Getty Images
  • Riyad Mahrez 7 - A hint of friction with his manager at times this season and has not always been first choice. Still contributed 11 league goals to City's victorious Premier League campaign. Getty Images
    Riyad Mahrez 7 - A hint of friction with his manager at times this season and has not always been first choice. Still contributed 11 league goals to City's victorious Premier League campaign. Getty Images
  • Gabriel Jesus 7 - With record-scorer Sergio Aguero departing last summer, the scene looked set for the Brazilian to establish himself as undisputed first choice. That didn't happen, but Jesus is a workhorse whom Guardiola seems to love. Half of his eight league goals came in a single match against Watford. Getty Images
    Gabriel Jesus 7 - With record-scorer Sergio Aguero departing last summer, the scene looked set for the Brazilian to establish himself as undisputed first choice. That didn't happen, but Jesus is a workhorse whom Guardiola seems to love. Half of his eight league goals came in a single match against Watford. Getty Images
  • MANAGER: Pep Guardiola 8 - Kept his troops focussed even when momentum looked to have shifted Liverpool's way. Will go down as one of the greatest managers in Premier League history. AP
    MANAGER: Pep Guardiola 8 - Kept his troops focussed even when momentum looked to have shifted Liverpool's way. Will go down as one of the greatest managers in Premier League history. AP

Another player set to leave the Etihad is Brazil striker Gabriel Jesus after City reached an agreement in principle for the striker's move to Arsenal.

There is still work to do to finalise the deal, including medical and personal terms but the fee is understood to be £45m for the Brazil international.

The Gunners are without a senior striker after Alexandre Lacazette's contract rejoined Lyon following the expiration of his contract and Pierre-Emerick Aubameyang's exit to Barcelona earlier this year.

Jesus, 25, is understood to be keen to link up with Arsenal boss Mikel Arteta, whom he worked under during the Spaniard's time as Guardiola's assistant from 2016 to 2019.

During his five years at City, Jesus has scored 95 goals in 235 appearances and collected four Premier league winners' medals, one FA Cup and three League Cup titles.

Arsenal 2021/22 season ratings

  • ARSENAL 2021/22 SEASON RATINGS: (Manager) Mikel Arteta 7.5: Oversaw a disastrous start to the season but steadied the ship - including parting ways with an unsettled Aubameyang - to guide Arsenal to the brink of the top four. The Gunners may have missed out having stuttered at the worst possible time, but the club appears to be heading in the right direction under Arteta. AFP
    ARSENAL 2021/22 SEASON RATINGS: (Manager) Mikel Arteta 7.5: Oversaw a disastrous start to the season but steadied the ship - including parting ways with an unsettled Aubameyang - to guide Arsenal to the brink of the top four. The Gunners may have missed out having stuttered at the worst possible time, but the club appears to be heading in the right direction under Arteta. AFP
  • (Goalkeepers) Aaron Ramsdale: 7. A few eyebrows were raised when he arrived from relegated Sheffield United for £30m last summer, but the England keeper has become the club's undisputed No 1. Superb when he first came into the team but produced some shaky displays towards the end of the season as Arsenal faltered. Getty
    (Goalkeepers) Aaron Ramsdale: 7. A few eyebrows were raised when he arrived from relegated Sheffield United for £30m last summer, but the England keeper has become the club's undisputed No 1. Superb when he first came into the team but produced some shaky displays towards the end of the season as Arsenal faltered. Getty
  • Bernd Leno: 5. Replaced as Arsenal's first-choice keeper early in the season after a series of unconvincing performances. Took the gloves in the cup competitions but the German will unlikely be interested in remaining a No 2 for another season so the exit appears imminent. Reuters
    Bernd Leno: 5. Replaced as Arsenal's first-choice keeper early in the season after a series of unconvincing performances. Took the gloves in the cup competitions but the German will unlikely be interested in remaining a No 2 for another season so the exit appears imminent. Reuters
  • (Defenders) Ben White: 7: Another big-money, eyebrow-raising arrival last summer but White has provided a much-needed upgrade at the heart of Arsenal's defence. Took some time to settle and had some less than stellar showings but the Gunners are a more sturdy side with White in the team. AFP
    (Defenders) Ben White: 7: Another big-money, eyebrow-raising arrival last summer but White has provided a much-needed upgrade at the heart of Arsenal's defence. Took some time to settle and had some less than stellar showings but the Gunners are a more sturdy side with White in the team. AFP
  • Gabriel: 7. A mainstay in central defence, the Brazilian had another good season for Arsenal. Chipped in with a few important goals, too. EPA
    Gabriel: 7. A mainstay in central defence, the Brazilian had another good season for Arsenal. Chipped in with a few important goals, too. EPA
  • Rob Holding 5: Very much a squad player but was given a chance to impress in Arsenal's biggest league game of the season and proceeded to get sent off against rivals Tottenham, who went on to win 3-0 and usurp the Gunners in the top four race. Getty
    Rob Holding 5: Very much a squad player but was given a chance to impress in Arsenal's biggest league game of the season and proceeded to get sent off against rivals Tottenham, who went on to win 3-0 and usurp the Gunners in the top four race. Getty
  • Kieran Tierney: 7. One of Arsenal's most important players but the Scottish full-back was hit by injuries yet again. Tierney's absence for the final 11 games no doubt contributed to the club narrowly missing out on top four. Getty
    Kieran Tierney: 7. One of Arsenal's most important players but the Scottish full-back was hit by injuries yet again. Tierney's absence for the final 11 games no doubt contributed to the club narrowly missing out on top four. Getty
  • Nuno Tavares: 6. Overall an encouraging, if inconsistent, debut season from the 22-year-old full-back. The Portuguese was at times erratic and error-prone but also capable of strong performances. Plenty to build on for next season. Getty
    Nuno Tavares: 6. Overall an encouraging, if inconsistent, debut season from the 22-year-old full-back. The Portuguese was at times erratic and error-prone but also capable of strong performances. Plenty to build on for next season. Getty
  • Takehiro Tomiyasu: 8. Arrived under the radar last summer but quickly cemented his place as Arsenal's first-choice right-back following a series of impressive performances. A strong debut campaign was disrupted by a calf injury earlier this year but Arsenal have unearthed a gem. Getty
    Takehiro Tomiyasu: 8. Arrived under the radar last summer but quickly cemented his place as Arsenal's first-choice right-back following a series of impressive performances. A strong debut campaign was disrupted by a calf injury earlier this year but Arsenal have unearthed a gem. Getty
  • Cedric Soares: 6. A squad player who got a run in the starting line-up following Tomiyasu's injury absence. Can never fault the Portuguese's commitment but is not on the same level as his Japanese teammate. Getty
    Cedric Soares: 6. A squad player who got a run in the starting line-up following Tomiyasu's injury absence. Can never fault the Portuguese's commitment but is not on the same level as his Japanese teammate. Getty
  • (Midfielders) Thomas Partey: 8. No surprise that Arsenal's worst spells of the season occurred when Partey was out injured. The Ghanaian provided structure, leadership, and quality to the Arsenal midfield. The Gunners just need him fit as much as possible. AFP
    (Midfielders) Thomas Partey: 8. No surprise that Arsenal's worst spells of the season occurred when Partey was out injured. The Ghanaian provided structure, leadership, and quality to the Arsenal midfield. The Gunners just need him fit as much as possible. AFP
  • Granit Xhaka: 5. Few players divide opinion quite like Xhaka, and it was another streaky season from the Swiss midfielder. Played plenty of matches, despite looking destined for the exit last summer, and it's difficult to see what he brings to the team. Often outclassed against the big teams. Getty
    Granit Xhaka: 5. Few players divide opinion quite like Xhaka, and it was another streaky season from the Swiss midfielder. Played plenty of matches, despite looking destined for the exit last summer, and it's difficult to see what he brings to the team. Often outclassed against the big teams. Getty
  • Mohamed Elneny: 7. After making just one Premier League start up to April, the Egyptian became undroppable for the final seven games. Partey's absence played a part in that but Elneny took his chance, and on that evidence probably deserved to play more. AP
    Mohamed Elneny: 7. After making just one Premier League start up to April, the Egyptian became undroppable for the final seven games. Partey's absence played a part in that but Elneny took his chance, and on that evidence probably deserved to play more. AP
  • Albert Sambi Lokonga: 6. The 22-year-old Portuguese midfielder looks like he could be a talent and showed glimpses during his debut season. Used as a squad player and his game time was limited during the second half of the campaign. AFP
    Albert Sambi Lokonga: 6. The 22-year-old Portuguese midfielder looks like he could be a talent and showed glimpses during his debut season. Used as a squad player and his game time was limited during the second half of the campaign. AFP
  • Bukayo Saka: 9. Sensational season for the England winger, who scored 12 goals and provided seven assists in all competitions. Arsenal, quite simply, would have been nowhere near the top four without Saka. Still only 20, he is fast on his way to earning legend status at Arsenal. Getty
    Bukayo Saka: 9. Sensational season for the England winger, who scored 12 goals and provided seven assists in all competitions. Arsenal, quite simply, would have been nowhere near the top four without Saka. Still only 20, he is fast on his way to earning legend status at Arsenal. Getty
  • Martin Odegaard: 8. Showed during his half-season loan spell what he was capable of and quickly became a key player in his debut campaign as a permanent Arsenal player. Provided the creativity and guile that had been missing since the prime Mesut Ozil years. AFP
    Martin Odegaard: 8. Showed during his half-season loan spell what he was capable of and quickly became a key player in his debut campaign as a permanent Arsenal player. Provided the creativity and guile that had been missing since the prime Mesut Ozil years. AFP
  • Emile Smith Rowe: 8. Arguably Arsenal's best player for the first half of the campaign, scoring eight goals before the end of December. His productivity waned during the second half of the season and he was in and out of the team, but a very good campaign overall. Getty
    Emile Smith Rowe: 8. Arguably Arsenal's best player for the first half of the campaign, scoring eight goals before the end of December. His productivity waned during the second half of the season and he was in and out of the team, but a very good campaign overall. Getty
  • (Forwards) Gabriel Martinelli: 6. The Brazilian is a serious talent capable of destroying teams but six goals and seven assists for a player of his ability is below par. Still, Martinelli is only 20 and has a massive future. EPA
    (Forwards) Gabriel Martinelli: 6. The Brazilian is a serious talent capable of destroying teams but six goals and seven assists for a player of his ability is below par. Still, Martinelli is only 20 and has a massive future. EPA
  • Nicolas Pepe: 3. Arsenal's record signing looks further away than ever of justifying the €70m the club paid Lille in 2019. Limited to eight starts in all competitions and didn't start a Premier League game beyond October. Scored a solitary league goal and a further two in the League Cup. Surely headed for the exit this summer. EPA
    Nicolas Pepe: 3. Arsenal's record signing looks further away than ever of justifying the €70m the club paid Lille in 2019. Limited to eight starts in all competitions and didn't start a Premier League game beyond October. Scored a solitary league goal and a further two in the League Cup. Surely headed for the exit this summer. EPA
  • Alexandre Lacazette: 5. Clearly a positive influence and trusted leader after taking the armband following Aubameyang's move to Barcelona, but a return of six goals in 35 appearances is nowhere near good enough. PA
    Alexandre Lacazette: 5. Clearly a positive influence and trusted leader after taking the armband following Aubameyang's move to Barcelona, but a return of six goals in 35 appearances is nowhere near good enough. PA
  • Eddie Nketiah: 7. Only given a proper chance in the starting line-up at the back end of the season and took it convincingly. Showed he can score goals and lead the line. Will surely get many more opportunities next season. AP
    Eddie Nketiah: 7. Only given a proper chance in the starting line-up at the back end of the season and took it convincingly. Showed he can score goals and lead the line. Will surely get many more opportunities next season. AP
  • Pierre-Emerick Aubameyang: 2. Started the season encouragingly with four goals in his first eight games but that was as good as it got. Disciplinary problems and a falling out with Arteta threatened to derail Arsenal's season and the club cancelled his contract in January. EPA
    Pierre-Emerick Aubameyang: 2. Started the season encouragingly with four goals in his first eight games but that was as good as it got. Disciplinary problems and a falling out with Arteta threatened to derail Arsenal's season and the club cancelled his contract in January. EPA
Six large-scale objects on show
  • Concrete wall and windows from the now demolished Robin Hood Gardens housing estate in Poplar
  • The 17th Century Agra Colonnade, from the bathhouse of the fort of Agra in India
  • A stagecloth for The Ballet Russes that is 10m high – the largest Picasso in the world
  • Frank Lloyd Wright’s 1930s Kaufmann Office
  • A full-scale Frankfurt Kitchen designed by Margarete Schütte-Lihotzky, which transformed kitchen design in the 20th century
  • Torrijos Palace dome
Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

The biog

Name: Shamsa Hassan Safar

Nationality: Emirati

Education: Degree in emergency medical services at Higher Colleges of Technology

Favourite book: Between two hearts- Arabic novels

Favourite music: Mohammed Abdu and modern Arabic songs

Favourite way to spend time off: Family visits and spending time with friends

COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Dooda%20Solutions%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Lebanon%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENada%20Ghanem%0D%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20AgriTech%0D%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%24300%2C000%20in%20equity-free%20funding%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2011%3C%2Fp%3E%0A
POWERWASH%20SIMULATOR
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20FuturLab%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESquare%20Enix%20Collective%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3ENintendo%20Switch%2C%3Cstrong%3E%20%3C%2Fstrong%3EPlayStation%204%20%26amp%3B%205%2C%20Xbox%20Series%20X%2FS%20and%20PC%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Switch%20Foods%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Edward%20Hamod%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Plant-based%20meat%20production%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2034%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%246.5%20million%3Cbr%3E%3Cstrong%3EFunding%20round%3A%3C%2Fstrong%3E%20Seed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Based%20in%20US%20and%20across%20Middle%20East%3C%2Fp%3E%0A
NBA Finals so far

(Toronto lead 3-1 in best-of-seven series_

Game 1 Raptors 118 Warriors 109

Game 2 Raptors 104 Warriors 109

Game 3 Warriors 109 Raptors 123

Game 4 Warriors 92 Raptors 105

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

'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

Winners

Best Men's Player of the Year: Kylian Mbappe (PSG)

Maradona Award for Best Goal Scorer of the Year: Robert Lewandowski (Bayern Munich)

TikTok Fans’ Player of the Year: Robert Lewandowski

Top Goal Scorer of All Time: Cristiano Ronaldo (Manchester United)

Best Women's Player of the Year: Alexia Putellas (Barcelona)

Best Men's Club of the Year: Chelsea

Best Women's Club of the Year: Barcelona

Best Defender of the Year: Leonardo Bonucci (Juventus/Italy)

Best Goalkeeper of the Year: Gianluigi Donnarumma (PSG/Italy)

Best Coach of the Year: Roberto Mancini (Italy)

Best National Team of the Year: Italy 

Best Agent of the Year: Federico Pastorello

Best Sporting Director of the Year: Txiki Begiristain (Manchester City)

Player Career Award: Ronaldinho

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

England squad

Goalkeepers: Jordan Pickford, Nick Pope, Aaron Ramsdale 

Defenders: Trent Alexander-Arnold, Conor Coady, Marc Guehi, Reece James, Harry Maguire, Tyrone Mings, Luke Shaw, John Stones, Ben White

Midfielders: Jude Bellingham, Conor Gallagher, Mason Mount, Jordan Henderson, Declan Rice, James Ward-Prowse

Forwards: Tammy Abraham, Phil Foden, Jack Grealish, Harry Kane, Bukayo Saka, Emile Smith Rowe, Raheem Sterling

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

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

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

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Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

UK-EU trade at a glance

EU fishing vessels guaranteed access to UK waters for 12 years

Co-operation on security initiatives and procurement of defence products

Youth experience scheme to work, study or volunteer in UK and EU countries

Smoother border management with use of e-gates

Cutting red tape on import and export of food

Updated: June 25, 2022, 3:41 AM