AC Milan view Dubai and the Middle East as “a key pillar of growth and of our strategy going forward” in ensuring success on and off the pitch, as the club launched a new base in the emirate.
The 19-time Italian champions officially inaugurated Casa Milan Dubai on Sunday night at ICD Brookfield Place in Dubai International Financial Centre.
The venture, described as Milan’s home in the Middle East, represents the club’s first office in the region and only their second outside Italy, alongside Shanghai. They are also the first Italian club to open an office in the Middle East and North Africa.
Currently third in Serie A, Milan have a long-standing connection to the UAE, with Emirates airline a principal partner after first collaborating with the club in 2007. The airline has been the club’s lead shirt sponsor since 2010. Meanwhile, Siro, part of the Dubai-based Kerzner group, serves as Milan’s official hotel partner.
“Opening this office is a very important step for us in our forward-looking journey," Giorgio Furlani, Milan's chief executive, told The National. "If you go back 10 years ago, we've had a period of some difficulty as a club, as a company, and on the field we went through a process of turnaround and streamlining and changing of strategy that started about five years ago.
“And then, last year, under the guidance of our new controlling shareholder, RedBird Capital, we've embarked on this new process of continuous growth and, we hope, success on and off the field. So the Middle East as a region, and Dubai in particular, are very important to us."
Furlani added: “They are a key pillar of growth and of our strategy going forward. We’ve had a relationship with the region and with Dubai for a long time.
"We've been partners with Emirates, the airline, since 2007 and we're incredibly happy with, and incredibly grateful for, our partnership with them. And it's ever growing and improving. So much so that, over the years, we've also expanded our partnerships with other companies and institutions in Dubai.”
Milan, winners of the scudetto most recently two seasons ago, have been regular visitors to the country since partnering with Emirates. In December, when domestic football paused for the 2022 World Cup, they competed in the Dubai Super Cup together with Liverpool, Lyon and Arsenal.
Within the region more broadly, Milan’s longest-running academy is located in Kuwait, while according to American information, data and market measurement firm Nielsen, the club are the most-supported Italian team in the Middle East and Africa. Nielsen estimate that fan base to be upwards of 35 million.
Furlani said Milan hope that, through the Dubai office, they can tap into football's rapidly growing popularity in the region.
“There's huge potential because it is a region that is football hungry,” he said. “You see it all over, really. There's this love for football and this staunch passion that’s so obvious. It feels like being in Italy sometimes.
“And that's the basis for everything we do. If we're in a region where people don't care about football, then it's hard for us to really drive a linkage or allegiance to our colours and to our brand. So, because of that underlying passion, this is a great opportunity.
“It's also rooted in history. There are what I'll call cultural, historical commercial linkages between Italy and the Middle East and certain brands, and I think we play well, or can play well, in that kind of trend.
“We want to engage with the fan base and with the local community. But we also want to grow it and be more and more ‘local’ shall we say.”
As for Milan having more of a physical presence in Dubai, particularly with regard to increased first-team visits, Furlani said: “Opening an office comes with expectations of being active. We have had many visits, either as an entire team – the training camp we did last winter – or a subset of management, coaching staff and the players in ad-hoc situations.
“In terms of doing more in friendlies or training camps every year, there's the global football schedule that is set by the regulators. So depending on the year, depending on what international events there are, depending on where we land in terms of European competitions, every year will be a bit of a different story.
“But there's definitely an intention to be here more often; be ‘eventful’ in the sense with various events and with a lot of travel back and forth between Milan and Dubai.”
Asked what would constitute success for Casa Milan Dubai, Furlani added: “Let's say I wake up in three, five years, and what would I have to see to be able to say, ‘Wow, this has really worked out, even beyond our intention’, is, number one – having grown our fan base.
“And number two – having expanded the number of our partnerships in Dubai and the region. And I would say a softer and less quantifiable [indicator], if you want, which is being seen and known as the football club in Dubai."
Furlani, a graduate of Harvard Business School who was appointed Milan board director in 2018 before transitioning to chief executive last December, has been a keen observer of the recent rise of Saudi Arabian football.
The Saudi Pro League, backed significantly by the Saudi government, has become one of the most prominent stories in football as it embarks on a bold ambition to develop into one of the top-five domestic leagues in the world.
While some lead figures from the game's more established leagues have raised concerns about the rise of the SPL and, in particular, its aggressive spending, Furlani said: “If you look at it in purely economic terms, if there's a new player in the market and they have new ideas and want to invest capital in the market, that has to be a good thing.
I see what has been done in Saudi as a big and ambitious project, and one that's going in the right direction
Giorgio Furlani
"There have been some, let's call them complaints, in the European football industry that I would define as protectionist. I see what has been done in Saudi as a big and ambitious project, and one that's going in the right direction. There will be teething issues, but that's normal.
"So, in terms of Vision 2030 and strategies to be a big league that is relevant and becomes top five, I think that is achievable and that will be achieved.”
In response to those within football who consider the SPL a threat to other leagues, Furlani said: “Again, I think it's seen as a threat on what I'll call protectionist grounds. I think it's innovative and it's something that is admirable, what they're trying to do.
“And, look, it’s a new competitor that some people will say is better funded and hence it's a ‘threat’ in terms of the race for talent. But that's how open markets operate. Trying to defend against them is the wrong attitude.”
Nevertheless, Furlani said Saudi’s arrival as a major player in the transfer market, while not making his mission at Milan more difficult, has prompted clubs to adjust their practices in some ways.
“The rise of a new market participant means you need to account for that, and you might need to do things differently because it's in reality,” Furlani said. “But I wouldn't call it more difficult. I would say something to be incorporated, if you want, in how we think about things and how we do things.”
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
Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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
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 specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
57%20Seconds
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A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars
Schedule
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
Dubai World Cup nominations
UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer
USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.
Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.
The specs: Macan Turbo
Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
The low down
Producers: Uniglobe Entertainment & Vision Films
Director: Namrata Singh Gujral
Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark
Rating: 2/5
Company%20profile
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SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
COMPANY%20PROFILE
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
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.”
SPECS
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Quick%20facts
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