Brazil star Neymar to leave PSG for Saudi Pro League side Al Hilal


John McAuley
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Brazil star Neymar is set to become the latest marquee footballer to move to Saudi Arabia, with the Paris Saint-Germain forward close to a hugely lucrative transfer to Al Hilal.

Neymar, 31, has agreed personal terms to join the Saudi Pro League club this week, where he will sign a two-year contract.

The Brazilian, already the world’s most expensive player, was having a medical in Paris on Monday ahead of travelling to Riyadh. The reported transfer fee is €90 million ($98.5m)

Hilal, record 18-time Saudi champions, open their 2023/24 Saudi Pro League campaign on Monday, away to Abha.

Should it go through as expected, the signing of Neymar would represent yet another coup for the Saudi Pro League, which has already this summer attracted the likes of current Ballon d’Or holder Karim Benzema, Riyad Mahrez, N’Golo Kante, Roberto Firmino and Jordan Henderson.

Meanwhile, Cristiano Ronaldo signed for Al Nassr in December.

Michael Emenalo, the league’s director of football who oversees the acquisition of international stars, told journalists in Jeddah on Saturday that Saudi aimed to have “all the top players” competing there in the next few years.

Emenalo also confirmed that he expected more business to be done by the end of the transfer window, on September 7.

The addition of Neymar at Hilal compares particularly to Ronaldo and Benzema, with the Paris Saint-Germain (PSG) player one of the most recognisable names in football.

Top Saudi Pro League signings

  • Neymar – PSG to Al Hilal. Fee: ($98.5m). Contract: TBC (2 years). @Alhilal_FC / twitter
    Neymar – PSG to Al Hilal. Fee: ($98.5m). Contract: TBC (2 years). @Alhilal_FC / twitter
  • TOP SAUDI PRO LEAGUE DEALS 2023/24: Karim Benzema – Real Madrid to Al Ittihad. Fee: Free. Contract: $439 million (2 years). EPA
    TOP SAUDI PRO LEAGUE DEALS 2023/24: Karim Benzema – Real Madrid to Al Ittihad. Fee: Free. Contract: $439 million (2 years). EPA
  • N’Golo Kante – Chelsea to Al Ittihad. Fee: Free. Contract: $377.6m (2 years). EPA
    N’Golo Kante – Chelsea to Al Ittihad. Fee: Free. Contract: $377.6m (2 years). EPA
  • Sadio Mane – Bayern Munich to Al Nassr. Fee: $30.6m. Contract: $175.2m (4 years). Reuters
    Sadio Mane – Bayern Munich to Al Nassr. Fee: $30.6m. Contract: $175.2m (4 years). Reuters
  • Riyad Mahrez – Manchester City to Al Ahli. Fee: $38.4m. Contract: $150m (3 years). Reuters
    Riyad Mahrez – Manchester City to Al Ahli. Fee: $38.4m. Contract: $150m (3 years). Reuters
  • Jordan Henderson – Liverpool to Al Ettifaq. Fee: $15.3m. Contract: $140.4m (3 years). Reuters
    Jordan Henderson – Liverpool to Al Ettifaq. Fee: $15.3m. Contract: $140.4m (3 years). Reuters
  • Marcelo Brozovic – Inter Milan to Al Nassr. Fee: $19.7m. Contract: $114m (3 years). Getty
    Marcelo Brozovic – Inter Milan to Al Nassr. Fee: $19.7m. Contract: $114m (3 years). Getty
  • Kalidou Koulibaly – Chelsea to Al Hilal. Fee: $21.7m. Contract: $99m (3 years). AFP
    Kalidou Koulibaly – Chelsea to Al Hilal. Fee: $21.7m. Contract: $99m (3 years). AFP
  • Fabinho – Liverpool to Al Ittihad. Fee: $51m. Contract: $81.9m (3 years). PA
    Fabinho – Liverpool to Al Ittihad. Fee: $51m. Contract: $81.9m (3 years). PA
  • Malcom – Zenit St Petersburg to Al Hilal. Fee: $65.8m. Contract: $79.2m (4 years). AP
    Malcom – Zenit St Petersburg to Al Hilal. Fee: $65.8m. Contract: $79.2m (4 years). AP
  • Roberto Firmino – Liverpool to Al Ahli. Fee: Free. Contract: $66m (3 years). @ALAHLI_FC / Twitter
    Roberto Firmino – Liverpool to Al Ahli. Fee: Free. Contract: $66m (3 years). @ALAHLI_FC / Twitter
  • Sergej Milinkovic-Savic – Lazio to Al Hilal. Fee: $44m. Contract: $66m (3 years). Reuters
    Sergej Milinkovic-Savic – Lazio to Al Hilal. Fee: $44m. Contract: $66m (3 years). Reuters
  • Jack Hendry – Club Brugge to Al Ettifaq. Fee: $8.3m. Contract: $58.2m (3 years). AFP
    Jack Hendry – Club Brugge to Al Ettifaq. Fee: $8.3m. Contract: $58.2m (3 years). AFP
  • Ruben Neves – Wolves to Al Hilal. Fee: $60m. Contract: $55.2m (3 years). AFP
    Ruben Neves – Wolves to Al Hilal. Fee: $60m. Contract: $55.2m (3 years). AFP
  • Seko Fofana – Lens to Al Nassr. Fee: $27.4m. Contract: $45.9m (3 years). AFP
    Seko Fofana – Lens to Al Nassr. Fee: $27.4m. Contract: $45.9m (3 years). AFP
  • Allan Saint-Maximin – Newcastle United to Al Ahli. Fee: $32m. Contract: $38.1m (3 years). PA
    Allan Saint-Maximin – Newcastle United to Al Ahli. Fee: $32m. Contract: $38.1m (3 years). PA
  • Jota – Celtic to Al Ittihad. Fee: $32m. Contract: $36.9m (3 years). AFP
    Jota – Celtic to Al Ittihad. Fee: $32m. Contract: $36.9m (3 years). AFP
  • Edouard Mendy – Chelsea to Al Ahli. Fee: $20.4m. Contract: $36m (3 years). AFP
    Edouard Mendy – Chelsea to Al Ahli. Fee: $20.4m. Contract: $36m (3 years). AFP
  • Alex Telles – Manchester United to Al Nassr. Fee: $4.4m. Contract: $27m (3 years). AFP
    Alex Telles – Manchester United to Al Nassr. Fee: $4.4m. Contract: $27m (3 years). AFP
  • Moussa Dembele – Lyon to Al Ettifaq. Fee: Free. Contract: Unknown (4 years). AFP
    Moussa Dembele – Lyon to Al Ettifaq. Fee: Free. Contract: Unknown (4 years). AFP
  • Franck Kessie - Barcelona to Al Ahli. Fee: $13.7m. Contract: Three years. Getty
    Franck Kessie - Barcelona to Al Ahli. Fee: $13.7m. Contract: Three years. Getty

Neymar, whose contract with PSG runs until 2025, signed with the French champions for a world-record €222m in 2017. He has since won Ligue 1 five times, while also finishing runner-up in the 2019/20 Uefa Champions League.

Neymar is Brazil’s joint-top leading goalscorer, alongside Pele, with 77 goals in 124 appearances.

Neymar had been linked heavily with a return to Barcelona, whom he represented from 2013-2017, winning the Champions League and two La Liga titles.

He sat out PSG’s Ligue 1 season-opening 0-0 draw with Lorient on Saturday having trained alone the previous day. The capital club said it was because he was recovering from a viral infection.

Neymar’s time at the Parc des Princes has been dogged recently by injury. He underwent surgery on his ankle in March, returning to meet up with the PSG squad on their recent pre-season tour of Asia.

At Hilal, Neymar would join fellow summer signings Ruben Neves, Kalidou Koulibaly, Sergej Milinkovic-Savic and Malcom. Hilal have also been credited with serious interest in Marco Verratti, Neymar’s teammate at PSG, and Fulham striker Aleksandar Mitrovic.

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Other must-tries

Tomato and walnut salad

A lesson in simple, seasonal eating. Wedges of tomato, chunks of cucumber, thinly sliced red onion, coriander or parsley leaves, and perhaps some fresh dill are drizzled with a crushed walnut and garlic dressing. Do consider yourself warned: if you eat this salad in Georgia during the summer months, the tomatoes will be so ripe and flavourful that every tomato you eat from that day forth will taste lacklustre in comparison.

Badrijani nigvzit

A delicious vegetarian snack or starter. It consists of thinly sliced, fried then cooled aubergine smothered with a thick and creamy walnut sauce and folded or rolled. Take note, even though it seems like you should be able to pick these morsels up with your hands, they’re not as durable as they look. A knife and fork is the way to go.

Pkhali

This healthy little dish (a nice antidote to the khachapuri) is usually made with steamed then chopped cabbage, spinach, beetroot or green beans, combined with walnuts, garlic and herbs to make a vegetable pâté or paste. The mix is then often formed into rounds, chilled in the fridge and topped with pomegranate seeds before being served.

RESULT

Kolkata Knight Riders 169-7 (20 ovs)
Rajasthan Royals 144-4 (20 ovs)

Kolkata win by 25 runs

Next match

Sunrisers Hyderabad v Kolkata Knight Riders, Friday, 5.30pm

5 of the most-popular Airbnb locations in Dubai

Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:

• Dubai Marina

The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.

Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739 
Two bedroom: Dh627 to Dh960 
Three bedroom: Dh721 to Dh1,104

• Downtown

Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure.  “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."

Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154

• City Walk

The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena.  “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”

Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809 
Two bedroom: Dh682 to Dh1,052 
Three bedroom: Dh784 to Dh1,210 

• Jumeirah Lake Towers

Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.

Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629 
Two bedroom: Dh549 to Dh818 
Three bedroom: Dh631 to Dh941

• Palm Jumeirah

Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.

Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770 
Two bedroom: Dh654 to Dh1,002 
Three bedroom: Dh752 to Dh1,152 

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Reading List

Practitioners of mindful eating recommend the following books to get you started:

Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung

How to Eat by Thich Nhat Hanh

The Mindful Diet by Dr Ruth Wolever

Mindful Eating by Dr Jan Bays

How to Raise a Mindful Eaterby Maryann Jacobsen

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Results

5pm: Maiden (PA) Dh80,000 (Turf) 1,600m; Winner: Aahid Al Khalediah II, Pat Cosgrave (jockey), Helal Al Alawi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 2,200m; Winner: Whistle, Harry Bentley, Abdallah Al Hammadi

6pm: Wathba Stallions Cup - Maiden (PA) Dh70,000 (T) 1,600m; Winner: Alsaied, Szczepan Mazur, Ibrahim Al Hadhrami

6.30pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Mumayaza, Antonio Fresu, Eric Lemartinel

7pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m; Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi

7.30pm: President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m; Winner: Somoud, Richard Mullen, Jean de Roualle

8pm: President’s Cup – Listed (TB) Dh380,000 (T) 1,400m; Winner: Medahim, Richard Mullen, Satish Seemar

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

While you're here
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Updated: August 16, 2023, 7:55 AM