• Manchester United's Cristiano Ronaldo reacts during the 4-0 Premier League defeat at Brentford on August 13, 2022. PA
    Manchester United's Cristiano Ronaldo reacts during the 4-0 Premier League defeat at Brentford on August 13, 2022. PA
  • Cristiano Ronaldo suffers a knock. AFP
    Cristiano Ronaldo suffers a knock. AFP
  • Cristiano Ronaldo looks dejected after Brentford's Mathias Jensen scores their second goal. Reuters
    Cristiano Ronaldo looks dejected after Brentford's Mathias Jensen scores their second goal. Reuters
  • Manager Erik ten Hag gestures on the touchline as the misery unfolds. AFP
    Manager Erik ten Hag gestures on the touchline as the misery unfolds. AFP
  • Cristiano Ronaldo reacts as Brentford score again. AP
    Cristiano Ronaldo reacts as Brentford score again. AP
  • Cristiano Ronaldo and Lisandro Martinez of Manchester United look dejected. Getty
    Cristiano Ronaldo and Lisandro Martinez of Manchester United look dejected. Getty
  • Brentford's Pontus Jansson clashes with Cristiano Ronaldo. Action Images
    Brentford's Pontus Jansson clashes with Cristiano Ronaldo. Action Images
  • Manchester United's Cristiano Ronaldo reacts during the thrashing. Reuters
    Manchester United's Cristiano Ronaldo reacts during the thrashing. Reuters
  • Manchester United's Cristiano Ronaldo looks dejected after Brentford's Bryan Mbeumo scores their fourth goal. Reuters
    Manchester United's Cristiano Ronaldo looks dejected after Brentford's Bryan Mbeumo scores their fourth goal. Reuters
  • Cristiano Ronaldo did not enjoy his day. Getty
    Cristiano Ronaldo did not enjoy his day. Getty
  • Josh Dasilva celebrates after scoring Brentford's first goal. Getty
    Josh Dasilva celebrates after scoring Brentford's first goal. Getty
  • Manchester United's David de Gea looks dejected after Brentford's Josh Dasilva scores their first goal. Reuters
    Manchester United's David de Gea looks dejected after Brentford's Josh Dasilva scores their first goal. Reuters
  • Josh Dasilva, second left, celebrates with team-mates after scoring the opening goal. AP
    Josh Dasilva, second left, celebrates with team-mates after scoring the opening goal. AP
  • Brentford's Danish midfielder Mathias Jensen shoots to score their second goal. AFP
    Brentford's Danish midfielder Mathias Jensen shoots to score their second goal. AFP
  • Brentford's Mathias Jensen, centre, celebrates with teammates. AP
    Brentford's Mathias Jensen, centre, celebrates with teammates. AP
  • Defender Ben Mee (2l) scores Brentford's third goal. AFP
    Defender Ben Mee (2l) scores Brentford's third goal. AFP
  • Ben Mee celebrates his goal. AFP
    Ben Mee celebrates his goal. AFP
  • Bryan Mbeumo shoots past goalkeeper David de Gea to score the fourth. AFP
    Bryan Mbeumo shoots past goalkeeper David de Gea to score the fourth. AFP
  • Bryan Mbeumo celebrates scoring the fourth goal. Action Images
    Bryan Mbeumo celebrates scoring the fourth goal. Action Images

Glazer family consider selling stake in Manchester United - reports


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The Glazer family would consider selling a minority stake in Manchester United, according to reports, as pressure mounts on their ownership of the Old Trafford giants.

The owners have held some preliminary discussions about the possibility of bringing in a new investor, reports Bloomberg, although the American Glazer family is not yet ready to hand over control of the club, which would be valued at about £5 billion ($6 billion).

Discussions are ongoing and there’s no certainty the Glazers will decide to sell a stake in the club. A representative for United and the Glazer family declined to comment as shares rose as much as 7.6 per cent in New York on Wednesday.

United are one of the most successful clubs in world football, winning a record 13 Premier League titles and have consistently been able to attract the game’s biggest stars, including the likes of Cristiano Ronaldo, Paul Pogba and Zlatan Ibrahimovic.

The club would attract a host of big-name investors, similar to Chelsea, who were recently sold to American billionaire Todd Boehly and private equity firm Clearlake Capital in a £4.25 billion deal.

The late Malcolm Glazer bought the club in a 2005 leveraged buyout that saddled it with massive debts and the family has faced distrust from supporters ever since. While this was mitigated in the early years of their ownership as the team continued to win trophies under Sir Alex Ferguson, resentment has grown steadily after the manager's retirement in 2013.

Brentford v Man United player ratings

  • BRENTFORD RATINGS: David Raya - 7. The Spaniard did not have much to deal during his side's first-half rampage. Manchester United offered a bit more in the second half but nothing which really tested Raya. Getty
    BRENTFORD RATINGS: David Raya - 7. The Spaniard did not have much to deal during his side's first-half rampage. Manchester United offered a bit more in the second half but nothing which really tested Raya. Getty
  • Rico Henry - 7. Was able to limit Jadon Sancho to an ineffective performance and caused problems going forward down the left flank. AP
    Rico Henry - 7. Was able to limit Jadon Sancho to an ineffective performance and caused problems going forward down the left flank. AP
  • Mads Roerslev - 8. A solid day at the office for Roerslev, who didn’t put a foot wrong all game. AFP
    Mads Roerslev - 8. A solid day at the office for Roerslev, who didn’t put a foot wrong all game. AFP
  • Ben Mee - 8. Comfortable afternoon defensively on his home debut and kept the opponents' front three at bay. His performance was topped off with a goal at point blank range as his side made use of their physical advantage at set pieces. AFP
    Ben Mee - 8. Comfortable afternoon defensively on his home debut and kept the opponents' front three at bay. His performance was topped off with a goal at point blank range as his side made use of their physical advantage at set pieces. AFP
  • Pontus Jansson – 8. It was an impressive performance all round for the Swede. He dealt with everything that came his way defensively, keeping Cristiano Ronaldo quiet all game. Up the other end of the pitch, the defender used his height to be a constant nuisance in set pieces. Getty
    Pontus Jansson – 8. It was an impressive performance all round for the Swede. He dealt with everything that came his way defensively, keeping Cristiano Ronaldo quiet all game. Up the other end of the pitch, the defender used his height to be a constant nuisance in set pieces. Getty
  • Aaron Hickey – 7. The Scotsman did not find Marcus Rashford’s pace an issue and was defensively sound. Like his teammate on the opposite flank, Hickey also caused problems going forward. AP
    Aaron Hickey – 7. The Scotsman did not find Marcus Rashford’s pace an issue and was defensively sound. Like his teammate on the opposite flank, Hickey also caused problems going forward. AP
  • Mathias Jensen - 10. A ruthless performance from the Dane, his constant pressing led to his sides first two goals, scoring the latter himself after stealing the ball off Christian Eriksen. He also caused numerous problems for the United defence with his set piece deliveries. AFP
    Mathias Jensen - 10. A ruthless performance from the Dane, his constant pressing led to his sides first two goals, scoring the latter himself after stealing the ball off Christian Eriksen. He also caused numerous problems for the United defence with his set piece deliveries. AFP
  • Christian Norgaard – 7. Perhaps not in the limelight as much as his two other teammates in the midfield, however had a composed performance sitting the deepest out of the three. Did well to keep creativity from Utd’s midfield at a minimum, one of which being former teammate Eriksen. Getty
    Christian Norgaard – 7. Perhaps not in the limelight as much as his two other teammates in the midfield, however had a composed performance sitting the deepest out of the three. Did well to keep creativity from Utd’s midfield at a minimum, one of which being former teammate Eriksen. Getty
  • Josh Dasilva – 8. He followed on from netting his sides equaliser last week as he opened the scoring after David De Gea spilled the midfielder's shot on goal. An energetic performance and frustrated the opposition. Reuters
    Josh Dasilva – 8. He followed on from netting his sides equaliser last week as he opened the scoring after David De Gea spilled the midfielder's shot on goal. An energetic performance and frustrated the opposition. Reuters
  • Bryan Mbeumo – 9. A hardworking performance which was rewarded with a classy touch and finish to make it 4-0 and put the fixture to bed in the first half. His work running down the channels and constant pressing played a key part in his side’s dominance. Reuters
    Bryan Mbeumo – 9. A hardworking performance which was rewarded with a classy touch and finish to make it 4-0 and put the fixture to bed in the first half. His work running down the channels and constant pressing played a key part in his side’s dominance. Reuters
  • Ivan Toney – 9. Despite not getting on the scoresheet, Toney did not disappoint. He caused constant problems for the United defence, making the most of the mis-match handed to him with Lisandro Martinez. Also, a fantastic assist for Brentford’s fourth. Getty
    Ivan Toney – 9. Despite not getting on the scoresheet, Toney did not disappoint. He caused constant problems for the United defence, making the most of the mis-match handed to him with Lisandro Martinez. Also, a fantastic assist for Brentford’s fourth. Getty
  • SUBS: Vitaly Janelt (Dasilva 62') – 6. Slotted in nicely in what was an uneventful second half. Yoane Wissa (Mbeumo 73') - N/A. Did well but Brentford were already cruising. Getty
    SUBS: Vitaly Janelt (Dasilva 62') – 6. Slotted in nicely in what was an uneventful second half. Yoane Wissa (Mbeumo 73') - N/A. Did well but Brentford were already cruising. Getty
  • Shandon Baptiste - (Jensen 74') - N/A. Did well to pick up from where the Dane had left off. PA
    Shandon Baptiste - (Jensen 74') - N/A. Did well to pick up from where the Dane had left off. PA
  • Frank Onyeka (Norgaard 80') – N/A. Picked up a knock while on and didn’t make much of an impact. Mads Bech Sorensen (Hickey 80') - N/A. Getty
    Frank Onyeka (Norgaard 80') – N/A. Picked up a knock while on and didn’t make much of an impact. Mads Bech Sorensen (Hickey 80') - N/A. Getty
  • MANCHESTER UNITED RATINGS: David de Gea - 1. Not kept a clean sheet since before Christmas away from home and spilled a soft shot after nine minutes for Brentford to take the lead. Shambles of a second goal. Confidence on the floor and it starts at the back. Made better saves in the second half and fronted up to take blame for the defeat. AP
    MANCHESTER UNITED RATINGS: David de Gea - 1. Not kept a clean sheet since before Christmas away from home and spilled a soft shot after nine minutes for Brentford to take the lead. Shambles of a second goal. Confidence on the floor and it starts at the back. Made better saves in the second half and fronted up to take blame for the defeat. AP
  • Luke Shaw - 1. Good one-two in an early foray forward. And that was about it. Brentford had similar tactics to Brighton, dominating in the centre knowing United would be forced wide or even struggle to retain possession. Off at half time. He was fortunate to last that long. AFP
    Luke Shaw - 1. Good one-two in an early foray forward. And that was about it. Brentford had similar tactics to Brighton, dominating in the centre knowing United would be forced wide or even struggle to retain possession. Off at half time. He was fortunate to last that long. AFP
  • Harry Maguire - 1. Booked after 15 in a first 30 minutes when he was under constant pressure. He’s the captain of a team who were all over the place, a team who were a disgrace to the name Manchester United. Reuters
    Harry Maguire - 1. Booked after 15 in a first 30 minutes when he was under constant pressure. He’s the captain of a team who were all over the place, a team who were a disgrace to the name Manchester United. Reuters
  • Lisandro Martinez - 1. Up against the far bigger Ivan Toney and Brentford were right onto him. No chance against Mee for the third as Brentford exploited United on set plays. Horrendous half of football. Reuters
    Lisandro Martinez - 1. Up against the far bigger Ivan Toney and Brentford were right onto him. No chance against Mee for the third as Brentford exploited United on set plays. Horrendous half of football. Reuters
  • Diogo Dalot - 1. Had United’s first shot on target, which was cheered ironically by Brentford fans. The timing between United’s full-backs and the wide men in relation to who attacks where was awful and he was targeted by better Brentford players. AP
    Diogo Dalot - 1. Had United’s first shot on target, which was cheered ironically by Brentford fans. The timing between United’s full-backs and the wide men in relation to who attacks where was awful and he was targeted by better Brentford players. AP
  • Fred - 1. Played as the only defensive midfielder in a 4-3-3 formation, but the game passed him by. United were so easy to read. And exploit. Awful week for a player who had a good pre-season. Reuters
    Fred - 1. Played as the only defensive midfielder in a 4-3-3 formation, but the game passed him by. United were so easy to read. And exploit. Awful week for a player who had a good pre-season. Reuters
  • Christian Eriksen - 1. Caught in possession after 15 in a move which led to Maguire’s booking. Shambles. Volleyed wide after 80 as United had their best spell of the game. Booed by some of the home fans – who he’d served so well last season but turned down to join United. Reuters
    Christian Eriksen - 1. Caught in possession after 15 in a move which led to Maguire’s booking. Shambles. Volleyed wide after 80 as United had their best spell of the game. Booed by some of the home fans – who he’d served so well last season but turned down to join United. Reuters
  • Bruno Fernandes - 1. Skied a shot over after 10, just as he’d done early on against Brighton last week. At the very least he has to hit the target, not send the ball towards Canary Wharf. He’s supposed to be a leader and United need their top men to stand up. Reuters
    Bruno Fernandes - 1. Skied a shot over after 10, just as he’d done early on against Brighton last week. At the very least he has to hit the target, not send the ball towards Canary Wharf. He’s supposed to be a leader and United need their top men to stand up. Reuters
  • Jadon Sancho - 1. Did he play? Zero pressure in the final third against a Brentford side who didn’t have a full team out. The tactical instructions came from Erik Ten Hag and he got it all wrong once again, but the 4-0 defeat was on the players too. AFP
    Jadon Sancho - 1. Did he play? Zero pressure in the final third against a Brentford side who didn’t have a full team out. The tactical instructions came from Erik Ten Hag and he got it all wrong once again, but the 4-0 defeat was on the players too. AFP
  • Cristiano Ronaldo - 2. Caught in possession before the opening goal – though he claimed a foul. Headed over after 52 and had a couple of chances. Fuming. Aren’t all United fans? PA
    Cristiano Ronaldo - 2. Caught in possession before the opening goal – though he claimed a foul. Headed over after 52 and had a couple of chances. Fuming. Aren’t all United fans? PA
  • Marcus Rashford - 1. Beautiful early turn to play in Ronaldo when the score was 0-0. And that was about it until he crossed for Eriksen after 66. Genuine surprise from United fans that PSG are interested in him. Getty
    Marcus Rashford - 1. Beautiful early turn to play in Ronaldo when the score was 0-0. And that was about it until he crossed for Eriksen after 66. Genuine surprise from United fans that PSG are interested in him. Getty
  • SUBS: Tyrell Malacia (Shaw, HT) - 5. Showed a bit of steel. Shame that his first games in England are in such trying circumstances. Deserves to start over Shaw. PA
    SUBS: Tyrell Malacia (Shaw, HT) - 5. Showed a bit of steel. Shame that his first games in England are in such trying circumstances. Deserves to start over Shaw. PA
  • Raphael Varane (Martinez, HT) - 5. He’s one of the best defenders in the world. Needs to show it for this United side who are going to be eaten alive in the Premier League if this continues. Getty
    Raphael Varane (Martinez, HT) - 5. He’s one of the best defenders in the world. Needs to show it for this United side who are going to be eaten alive in the Premier League if this continues. Getty
  • Scott McTominay (Fred, HT) - 5. Dropped for this game to make way for Ronaldo. One of the better players in the second half. Booked. Getty
    Scott McTominay (Fred, HT) - 5. Dropped for this game to make way for Ronaldo. One of the better players in the second half. Booked. Getty
  • Anthony Elanga (Sancho 60') - 3. Made as much difference as Sancho. Donny van de Beek (Eriksen 86') N/A. Getty
    Anthony Elanga (Sancho 60') - 3. Made as much difference as Sancho. Donny van de Beek (Eriksen 86') N/A. Getty

Fan tensions have boiled over in recent weeks, with United losing the first two games of the new season, including a 4-0 drubbing at Brentford.

At the opening home match of the new campaign – a 2-1 loss to Brighton – a large group of fans walked towards Old Trafford with banners that read: “Fight greed. Fight for United. Fight Glazers” and “We want our club back”.

“Fans of Man Utd will be excited to learn that a minority stake sale is looming as this opens a door to a new insider in the club who could look to buy larger stakes in due course,” said Walid Koudmani, chief market analyst at financial brokerage XTB.

“A minority stake sale certainly opens a door that looked closed previously.”

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

8 traditional Jamaican dishes to try at Kingston 21

  1. Trench Town Rock: Jamaican-style curry goat served in a pastry basket with a carrot and potato garnish
  2. Rock Steady Jerk Chicken: chicken marinated for 24 hours and slow-cooked on the grill
  3. Mento Oxtail: flavoured oxtail stewed for five hours with herbs
  4. Ackee and salt fish: the national dish of Jamaica makes for a hearty breakfast
  5. Jamaican porridge: another breakfast favourite, can be made with peanut, cornmeal, banana and plantain
  6. Jamaican beef patty: a pastry with ground beef filling
  7. Hellshire Pon di Beach: Fresh fish with pickles
  8. Out of Many: traditional sweet potato pudding
10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Letswork%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EOmar%20Almheiri%2C%20Hamza%20Khan%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20co-working%20spaces%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%242.1%20million%20in%20a%20seed%20round%20with%20investors%20including%20500%20Global%2C%20The%20Space%2C%20DTEC%20Ventures%20and%20other%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20about%2020%3C%2Fp%3E%0A
Health Valley

Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

Updated: August 17, 2022, 3:25 PM