Barcelona manager Xavi has described Gavi as the 'heart' of his team. AFP
Barcelona manager Xavi has described Gavi as the 'heart' of his team. AFP
Barcelona manager Xavi has described Gavi as the 'heart' of his team. AFP
Barcelona manager Xavi has described Gavi as the 'heart' of his team. AFP

Gavi signs new Barcelona contract with €1bn release clause


  • English
  • Arabic

Barcelona teenager Gavi has signed a contract extension until 2026 that includes a release clause of €1 billion.

The Spanish midfielder was given his Barca first-team debut by then manager Ronald Koeman against Getafa in La Liga in August 2021 aged 17 years and 24 days, making him the fourth youngest in the club's history.

He became the youngest player ever to play for Spain after being named in Luis Enrique's starting XI in the win against Italy in the Nations League in October 2021, aged 17 years and 62 days.

He broke the record held by Angel Zubieta Redondo, who donned the Spain jersey for the first time in 1936 aged 17 years and 284 days.

“He can be the future of this team, but he can also be its present too because he has the personality to play at this level,” said Enrique after the match.

Gavi scored his first goal for the Catalan giants two months later during a 3-2 win over Elche, which made him the third youngest goalscorer for Barca.

By June 2022, he had become the national team's youngest scorer, finding the net against Czech Republic in June – aged 17 years and 304 days – breaking the record set in 2020 by his Barca teammate Ansu Fati.

Bayern Munich 2 Barcelona 0: player ratings

  • BAYERN MUNICH RATINGS: Manuel Neuer 6 – Made some good saves but had a moment of fear after gifting the ball to Lewandowski after 13 minutes. Getty Images
    BAYERN MUNICH RATINGS: Manuel Neuer 6 – Made some good saves but had a moment of fear after gifting the ball to Lewandowski after 13 minutes. Getty Images
  • Dayot Upamecano 8 – An impressive performance from the young centre-back who stood up well in a physical battle against Lewandowski. Getty Images
    Dayot Upamecano 8 – An impressive performance from the young centre-back who stood up well in a physical battle against Lewandowski. Getty Images
  • Lucas Hernandez 7 – Lost Alonso to head home past Ter Stegen for the opening goal. Reuters
    Lucas Hernandez 7 – Lost Alonso to head home past Ter Stegen for the opening goal. Reuters
  • Benjamin Pavard 5 – Forced off with a thigh injury after 21 minutes following a collision with Alonso in the opening stages. AFP
    Benjamin Pavard 5 – Forced off with a thigh injury after 21 minutes following a collision with Alonso in the opening stages. AFP
  • Alphonso Davies 8 – An all-round performance from the flying full-back, who showed blistering pace to propel his side forward and get back and deny the Barcelona counterattack. EPA
    Alphonso Davies 8 – An all-round performance from the flying full-back, who showed blistering pace to propel his side forward and get back and deny the Barcelona counterattack. EPA
  • Joshua Kimmich 8 – Superb delivery from the corner for Hernandez’s opener and ensured his former teammate Lewandowski would not get a goal in the final minute with a vital intervention. AFP
    Joshua Kimmich 8 – Superb delivery from the corner for Hernandez’s opener and ensured his former teammate Lewandowski would not get a goal in the final minute with a vital intervention. AFP
  • Marcel Sabitzer 6 – Came close with an effort that crept wide at the half-hour mark. The Austrian was unlucky to be booked after a 50-50 with Busquets in the first half. AP Photo
    Marcel Sabitzer 6 – Came close with an effort that crept wide at the half-hour mark. The Austrian was unlucky to be booked after a 50-50 with Busquets in the first half. AP Photo
  • Leroy Sane 7 – Rolled the ball past Ter Stegen after 53 minutes to score the second goal of the night. The German was unhappy to be substituted after 80 minutes, despite his team’s performance. AFP
    Leroy Sane 7 – Rolled the ball past Ter Stegen after 53 minutes to score the second goal of the night. The German was unhappy to be substituted after 80 minutes, despite his team’s performance. AFP
  • Jamal Musiala 7 – The 19-year-old was at ease in the second half and produced a perfectly weighted pass to assist Sane for the second goal. The young midfielder could have shown more composure with his finishing. AFP
    Jamal Musiala 7 – The 19-year-old was at ease in the second half and produced a perfectly weighted pass to assist Sane for the second goal. The young midfielder could have shown more composure with his finishing. AFP
  • Sadio Mane 5 – A subdued performance from the Senegal international, with few chances falling his way and he was replaced by Gnabry after 70 minutes. EPA
    Sadio Mane 5 – A subdued performance from the Senegal international, with few chances falling his way and he was replaced by Gnabry after 70 minutes. EPA
  • Thomas Muller 6 – Had a good game in midfield, but arguably a quiet night by the German’s standards. Reuters
    Thomas Muller 6 – Had a good game in midfield, but arguably a quiet night by the German’s standards. Reuters
  • SUBS: Noussair Mazraoui (Pavard, 21) – A strong cameo after coming on to replace the injured Pavard. Had a decent effort from outside the box saved at the half-hour mark. AFP
    SUBS: Noussair Mazraoui (Pavard, 21) – A strong cameo after coming on to replace the injured Pavard. Had a decent effort from outside the box saved at the half-hour mark. AFP
  • Leon Goretzka (Sabitzer, 46) 7 – A much-needed dominating presence in the middle of the park following his introduction at half time, and a strike on the edge of the area was matched by Ter Stegen. AP Photo
    Leon Goretzka (Sabitzer, 46) 7 – A much-needed dominating presence in the middle of the park following his introduction at half time, and a strike on the edge of the area was matched by Ter Stegen. AP Photo
  • Serge Gnabry (Mane, 70) N/A. AFP
    Serge Gnabry (Mane, 70) N/A. AFP
  • Ryan Gravenberch (Musiala, 80) N/A. AFP
    Ryan Gravenberch (Musiala, 80) N/A. AFP
  • Mathys Tel (Sane, 80) N/A. Getty Images
    Mathys Tel (Sane, 80) N/A. Getty Images
  • BARCELONA RATINGS: Marc-Andre ter Stegen 6 - Back home in Germany against a side who’ve drawn their last three Bundesliga games. Easy save from a 26th minute effort from Mazraoui. Dived to his right to save from Muller on 49, but then beaten twice in three minutes, which meant he was on the losing side for the first time this season. AFP
    BARCELONA RATINGS: Marc-Andre ter Stegen 6 - Back home in Germany against a side who’ve drawn their last three Bundesliga games. Easy save from a 26th minute effort from Mazraoui. Dived to his right to save from Muller on 49, but then beaten twice in three minutes, which meant he was on the losing side for the first time this season. AFP
  • Marcos Alonso 7 – A surprise start ahead of Jordi Alba. Touched the ball more than any other player on the pitch but he didn’t track Hernandez, who put Bayern ahead from Kimmich a corner on 50 minutes. That set his team back and they never recovered. EPA
    Marcos Alonso 7 – A surprise start ahead of Jordi Alba. Touched the ball more than any other player on the pitch but he didn’t track Hernandez, who put Bayern ahead from Kimmich a corner on 50 minutes. That set his team back and they never recovered. EPA
  • Andreas Christensen 6 – Started ahead of Eric Garcia, who replaced him on 70 minutes as Xavi continued his rotations. There’s two thoughts on this: a top side should have a stable defence. And a top side needs to rotate players. The jury is out with Barcelona’s defence under Xavi. EPA
    Andreas Christensen 6 – Started ahead of Eric Garcia, who replaced him on 70 minutes as Xavi continued his rotations. There’s two thoughts on this: a top side should have a stable defence. And a top side needs to rotate players. The jury is out with Barcelona’s defence under Xavi. EPA
  • Ronald Araujo 6 - Fine in the first half, like his team, then Barça’s defence were undone twice and the attack stopped attacking in the second half after Bayern found their stride. AP Photo
    Ronald Araujo 6 - Fine in the first half, like his team, then Barça’s defence were undone twice and the attack stopped attacking in the second half after Bayern found their stride. AP Photo
  • Jules Kounde 6 - Couldn’t get near Sane, who burst between defenders, to score Bayern’s second. This Barcelona squad have some great players, but they’re still coming together as a team. AFP
    Jules Kounde 6 - Couldn’t get near Sane, who burst between defenders, to score Bayern’s second. This Barcelona squad have some great players, but they’re still coming together as a team. AFP
  • Sergio Busquets 6 - A knock on the mouth from Musiala but central to Barcelona’s best first half in Europe for a long time. Good battle between him and Musiala. Booked. AFP
    Sergio Busquets 6 - A knock on the mouth from Musiala but central to Barcelona’s best first half in Europe for a long time. Good battle between him and Musiala. Booked. AFP
  • Pedri 7 - Shot on target after 8 minutes was brilliant, but his moment came after 62 when he ran though the Bayern defence and received a ball which he clipped over Neuer and onto the post. Reuters
    Pedri 7 - Shot on target after 8 minutes was brilliant, but his moment came after 62 when he ran though the Bayern defence and received a ball which he clipped over Neuer and onto the post. Reuters
  • Gavi 6 - Set up Lewandowski on 18 minutes, tracked Mane throughout. Brought off just after Bayern made it 30 games unbeaten in Champions League group games. AFP
    Gavi 6 - Set up Lewandowski on 18 minutes, tracked Mane throughout. Brought off just after Bayern made it 30 games unbeaten in Champions League group games. AFP
  • Ousmane Dembele 7 - Lively for a side who made nine attempts on goal in the first 30 minutes. Brought down on the edge of the box on 43 minutes. Outrageous skill as he drifted past players on 67. AP Photo
    Ousmane Dembele 7 - Lively for a side who made nine attempts on goal in the first 30 minutes. Brought down on the edge of the box on 43 minutes. Outrageous skill as he drifted past players on 67. AP Photo
  • Robert Lewandowski 6 - Central to Barça’s first quality attack on eight minutes. The man with nine goals in his last five games should’ve scored having been set up by Gavi on 17 and again with a header on 18. You have to take your chances. In the stadium where he was loved for so long, he didn’t. Not his night. Getty Images
    Robert Lewandowski 6 - Central to Barça’s first quality attack on eight minutes. The man with nine goals in his last five games should’ve scored having been set up by Gavi on 17 and again with a header on 18. You have to take your chances. In the stadium where he was loved for so long, he didn’t. Not his night. Getty Images
  • Raphinha 7 - Wrapped his foot around the ball to make a low drive on 25 having been set up by Lewandowski. Made a similar shot immediately after half time, before being brought off. AFP
    Raphinha 7 - Wrapped his foot around the ball to make a low drive on 25 having been set up by Lewandowski. Made a similar shot immediately after half time, before being brought off. AFP
  • SUBS: Frenkie de Jong 6 - On for Gavi after 60 and set up Lewandowski with on 66. Moved well. EPA
    SUBS: Frenkie de Jong 6 - On for Gavi after 60 and set up Lewandowski with on 66. Moved well. EPA
  • Ferran Torres 7 - On for Raphinha after an hour. Linked up well with Lewandowski, but without any end result. Had a shot deflected wide on 86. AFP
    Ferran Torres 7 - On for Raphinha after an hour. Linked up well with Lewandowski, but without any end result. Had a shot deflected wide on 86. AFP
  • Ansu Fati N/A - On for Dembele on 80. Ran into a crowd of Bayern defenders and couldn’t get a shot off on 85. EPA
    Ansu Fati N/A - On for Dembele on 80. Ran into a crowd of Bayern defenders and couldn’t get a shot off on 85. EPA
  • Franck Kessie NA - On for Busquets after 80 to add energy to a tiring side. AFP
    Franck Kessie NA - On for Busquets after 80 to add energy to a tiring side. AFP

The 18-year-old has started in all of Barcelona's matches this season, with the club currently second in La Liga behind Real Madrid.

Gavi, who has played for the club since 2015 and was already under contract until 2023, will officially sign his new contract on Thursday in an open event at Camp Nou.

After Barca's recent 3-0 La Liga win at Sevilla, current manager Xavi hailed Gavi as the “heart” of his team after a standout performance from the Las Masia graduate.

“It doesn’t surprise me, I see him train every day,” said Xavi. “It’s down to hard work, discipline and heart. He was the best player in the game, because of his intensity, fight, passing, high pressing – he has heart in his legs.”

There was disappointment for Gavi and Barca in the Champions League on Tuesday night, though, when they were beaten 2-0 by Bayern Munich at the Allianz Arena.

It was a night to forget for striker Robert Lewandowski, who left the Bavarians for Barca during the summer.

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

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

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.”

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

GCC-UK%20Growth
%3Cp%3EAn%20FTA%20with%20the%20GCC%20would%20be%20very%20significant%20for%20the%20UK.%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20%20My%20Department%20has%20forecast%20that%20it%20could%20generate%20an%20additional%20%C2%A31.6%20billion%20a%20year%20for%20our%20economy.%3Cbr%3EWith%20consumer%20demand%20across%20the%20GCC%20predicted%20to%20increase%20to%20%C2%A3800%20billion%20by%202035%20this%20deal%20could%20act%20as%20a%20launchpad%20from%20which%20our%20firms%20can%20boost%20their%20market%20share.%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20JustClean%3Cbr%3E%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20with%20offices%20in%20other%20GCC%20countries%3Cbr%3E%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%3C%2Fstrong%3E%202016%3Cbr%3E%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20160%2B%20with%2021%20nationalities%20in%20eight%20cities%3Cbr%3E%3Cstrong%3E%3Cbr%3ESector%3A%3C%2Fstrong%3E%20online%20laundry%20and%20cleaning%20services%3Cbr%3E%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%2430m%20from%20Kuwait-based%20Faith%20Capital%20Holding%20and%20Gulf%20Investment%20Corporation%3C%2Fp%3E%0A
In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
  • HR leader: Dh40,000 to Dh60,000 
  • Engineering leader: Dh30,000 to Dh55,000 
  • Project manager: Dh55,000 to Dh65,000 
  • Senior reservoir engineer: Dh40,000 to Dh55,000 
  • Senior drilling engineer: Dh38,000 to Dh46,000 
  • Senior process engineer: Dh28,000 to Dh38,000 
  • Senior maintenance engineer: Dh22,000 to Dh34,000 
  • Field engineer: Dh6,500 to Dh7,500
  • Field supervisor: Dh9,000 to Dh12,000
  • Field operator: Dh5,000 to Dh7,000
Company%20profile
%3Cp%3E%3Cbr%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Khodar%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Cairo%20and%20Alexandria%2C%20in%20Egypt%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ayman%20Hamza%2C%20Yasser%20Eidrous%20and%20Amr%20El%20Sheikh%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20agriculture%20technology%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24500%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Saudi%20Arabia%E2%80%99s%20Revival%20Lab%20and%20others%3Cbr%3E%3Cstrong%3EEmployees%3A%3C%2Fstrong%3E%2035%3C%2Fp%3E%0A
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
Updated: September 14, 2022, 1:53 PM