• Brazilian star Neymar attends Al Hilal's Saudi Founding Day celebrations. Photo: Al Hilal/Twitter
    Brazilian star Neymar attends Al Hilal's Saudi Founding Day celebrations. Photo: Al Hilal/Twitter
  • Saudi Pro League club Al Hilal celebrated Founding Day. Photo: Al Hilal
    Saudi Pro League club Al Hilal celebrated Founding Day. Photo: Al Hilal
  • Neymar is back in Saudi Arabia as he continues his recovery from injury. Photo: Al Hilal
    Neymar is back in Saudi Arabia as he continues his recovery from injury. Photo: Al Hilal
  • Neymar poses for a group photo during the Saudi Founding Day celebrations. Photo: Al Hilal
    Neymar poses for a group photo during the Saudi Founding Day celebrations. Photo: Al Hilal
  • Neymar, centre, after the Saudi Pro League match between Al Hilal and Al Raed at the Kingdom Arena on Sunday. Getty Images
    Neymar, centre, after the Saudi Pro League match between Al Hilal and Al Raed at the Kingdom Arena on Sunday. Getty Images
  • Neymar at the Kingdom Arena in Riyadh. Getty Images
    Neymar at the Kingdom Arena in Riyadh. Getty Images
  • Neymar has been out of action for months due to injury. Getty Images
    Neymar has been out of action for months due to injury. Getty Images

Neymar, Benzema and Ronaldo don traditional attire for Saudi Founding Day


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Neymar joined the festivities with Al Hilal as the SPL club celebrated Saudi Founding Day.

The Brazil star, back in Saudi Arabia as he continues rehabilitation from a long-term knee injury, celebrated a significant day for the kingdom.

Neymar was seen in traditional Saudi attire with the Al Hilal team. Last year, Neymar and Karim Benzema wore traditional Saudi clothing to mark the kingdom's 93rd National Day.

February 22 has been earmarked as Saudi Arabia's Founding Day, a new annual holiday to commemorate the founding of the first Saudi state.

It celebrates the history of Saudi rule which goes back hundreds of years. However, it is different to the Saudi National Day, which falls on September 23.

Neymar looked in good spirits as he recovers from his knee injury. He has been on the sidelines after rupturing his ACL and meniscus during Brazil's World Cup qualifying defeat to Uruguay in October.

Last year, Neymar underwent right ankle surgery that required months of recovery before he left Paris Saint-Germain to join Saudi giants Al Hilal.

The Brazilian joined SPL leaders Hilal for a reported €90 million last August, signing a two-year contract worth €150m per year. Neymar managed only five appearances for Al Hilal before his season was cut short by injury.

Meanwhile, Al Ittihad also produced a stunning video to mark Saudi Founding Day.

The video was posted with the following message: "From inception, we've celebrated a legacy of three hundred years marked by remarkable accomplishments and glory. We cherish our vibrant present and look forward with optimism to a brighter future."

It features Ittihad's star players, including Ballon d'Or winner Benzema, World Cup winner N'Golo Kante and Brazil star Fabinho dressed in traditional clothing as they joined the celebrations.

Another SPL club, Cristiano Ronaldo's Al Nassr, also produced a patriotic video to mark the occasion.

As well as the four-minute tribute video they released an 'insider look' at the making of the video. It features Ronaldo with a falcon perched on his arm and his teammates in national dress enjoying the occasion.

Ronaldo is set to compete in the UAE next month after the Al Nassr captain scored in the Asian Champions League on Wednesday to book a quarter-final clash with Al Ain.

  • Al Nassr's Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes at Al Nassr Football Club in Riyadh, Saudi Arabia. Reuters
    Al Nassr's Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes at Al Nassr Football Club in Riyadh, Saudi Arabia. Reuters
  • Al Nassr's Cristiano Ronaldo drinking Saudi coffee during Saudi Arabia's Founding Day celebrations. Reuters
    Al Nassr's Cristiano Ronaldo drinking Saudi coffee during Saudi Arabia's Founding Day celebrations. Reuters
  • Cristiano Ronaldo joins in the celebrations. Reuters
    Cristiano Ronaldo joins in the celebrations. Reuters
  • Al Nassr and Portugal striker Cristiano Ronaldo celebrates Saudi Arabia's Founding Day in Riyadh, Saudi Arabia, February 22, 2023. Reuters
    Al Nassr and Portugal striker Cristiano Ronaldo celebrates Saudi Arabia's Founding Day in Riyadh, Saudi Arabia, February 22, 2023. Reuters
  • Cristiano Ronaldo joins in the celebrations on Saudi Arabia's Founding Day. Reuters
    Cristiano Ronaldo joins in the celebrations on Saudi Arabia's Founding Day. Reuters
  • Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes. Reuters
    Cristiano Ronaldo celebrates Saudi Arabia's Founding Day wearing local traditional clothes. Reuters
23-man shortlist for next six Hall of Fame inductees

Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.

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2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

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1) Download your ballot https://www.fvap.gov/

2) Take it to the US Embassy

3) Deadline is October 15

4) The embassy will ensure all ballots reach the US in time for the November 3 poll

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Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
Ovo's tips to find extra heat
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  • Keep your oven open after cooking  
  • Have a cuddle with pets and loved ones to help stay cosy 
  • Eat ginger but avoid chilli as it makes you sweat 
  • Put on extra layers  
  • Do a few star jumps  
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Cost: 1.05 billion pounds (Dh 4.8 billion)

Number in service: 6

Complement 191 (space for up to 285)

Top speed: over 32 knots

Range: Over 7,000 nautical miles

Length 152.4 m

Displacement: 8,700 tonnes

Beam:   21.2 m

Draught: 7.4 m

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Day 2

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Concrete and Gold
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WHEN TO GO:

September to November or March to May; this is when visitors are most likely to see what they’ve come for.

WHERE TO STAY:

Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.

HOW TO GET THERE:

Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.

AT%20A%20GLANCE
%3Cp%3E%3Cstrong%3EWindfall%3C%2Fstrong%3E%3Cbr%3EAn%20%E2%80%9Cenergy%20profits%20levy%E2%80%9D%20to%20raise%20about%20%C2%A35%20billion%20in%20a%20year.%20The%20temporary%20one-off%20tax%20will%20hit%20oil%20and%20gas%20firms%20by%2025%20per%20cent%20on%20extraordinary%20profits.%20An%2080%20per%20cent%20investment%20allowance%20should%20calm%20Conservative%20nerves%20that%20the%20move%20will%20dent%20North%20Sea%20firms%E2%80%99%20investment%20to%20save%20them%2091p%20for%20every%20%C2%A31%20they%20spend.%3Cbr%3E%3Cstrong%3EA%20universal%20grant%3C%2Fstrong%3E%3Cbr%3EEnergy%20bills%20discount%2C%20which%20was%20effectively%20a%20%C2%A3200%20loan%2C%20has%20doubled%20to%20a%20%C2%A3400%20discount%20on%20bills%20for%20all%20households%20from%20October%20that%20will%20not%20need%20to%20be%20paid%20back.%3Cbr%3E%3Cstrong%3ETargeted%20measures%3C%2Fstrong%3E%3Cbr%3EMore%20than%20eight%20million%20of%20the%20lowest%20income%20households%20will%20receive%20a%20%C2%A3650%20one-off%20payment.%20It%20will%20apply%20to%20households%20on%20Universal%20Credit%2C%20Tax%20Credits%2C%20Pension%20Credit%20and%20legacy%20benefits.%3Cbr%3ESeparate%20one-off%20payments%20of%20%C2%A3300%20will%20go%20to%20pensioners%20and%20%C2%A3150%20for%20those%20receiving%20disability%20benefits.%3C%2Fp%3E%0A
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The winners of each semi will then meet at Porto’s Dragao stadium on Sunday, with the losing semi-finalists contesting a third-place play-off in Guimaraes earlier that day.

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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

Updated: February 23, 2024, 11:14 AM