Manchester City's Kevin De Bruyne is reported to be considering a move away from England. AP
Manchester City's Kevin De Bruyne is reported to be considering a move away from England. AP
Manchester City's Kevin De Bruyne is reported to be considering a move away from England. AP
Manchester City's Kevin De Bruyne is reported to be considering a move away from England. AP

Pep Guardiola confident Kevin De Bruyne will remain at Manchester City


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Manchester City manager Pep Guardiola has denied reports linking Kevin De Bruyne with a move away from the club amid speculation the star Belgian could move to Saudi Arabia.

De Bruyne, whose contract expires in 2025, said last month that he is not ruling out a move but Guardiola is confident there will be no major changes to the Premier League champions' squad before the end of the transfer window, which closes August 30.

Saudi Pro League club Al Ittihad were said to be interested in the Belgian with De Bruyne admitting he has been discussing the future with his wife Michele.

But, speaking during Manchester City's pre-season tour in the US, Guardiola said: "Kevin isn't leaving.

"If someone leaves, we're going to talk about that. Of course, until the last day, we have chances [to make transfers], I don't rule it out the option to have new players but I think there is an 85, 90 per cent chance we will have the same squad.

"I feel comfortable, because the quality of human beings we have in the squad is difficult to be replaced, and the quality is there.

"But we'll see, I don't know in the last moment if someone comes for some players and they leave, we're going to decide."

Man City 2023-24 season ratings

  • MANCHESTER CITY 2023/24 season ratings: Blamed himself for not setting the team up correctly the morning after the cup final defeat in an overly self-critical way, but was otherwise near faultless through the season. Made English football history with four titles in a row in another campaign where City were pressed all the way by their rivals. EPA
    MANCHESTER CITY 2023/24 season ratings: Blamed himself for not setting the team up correctly the morning after the cup final defeat in an overly self-critical way, but was otherwise near faultless through the season. Made English football history with four titles in a row in another campaign where City were pressed all the way by their rivals. EPA
  • An injury interrupted season for the Brazilian who has done more than most to reshape perceptions of what a modern goalkeeper should be. Looked devastated when injured at Spurs, perhaps he already knew his season was over. AFP
    An injury interrupted season for the Brazilian who has done more than most to reshape perceptions of what a modern goalkeeper should be. Looked devastated when injured at Spurs, perhaps he already knew his season was over. AFP
  • His heroics against Spurs will long be remembered and to call him an able deputy is to do him a disservice. He was brilliant more often than not when called upon, although the Wembley mix-up with Gvardiol will hurt. Getty Images
    His heroics against Spurs will long be remembered and to call him an able deputy is to do him a disservice. He was brilliant more often than not when called upon, although the Wembley mix-up with Gvardiol will hurt. Getty Images
  • It looked for most of the summer as if he would leave Manchester for Munich, but Walker stayed, became captain and made close to 50 appearances. He was often played higher up the pitch than previously, contributing five assists this term. His recovery runs remain exceptional. AP
    It looked for most of the summer as if he would leave Manchester for Munich, but Walker stayed, became captain and made close to 50 appearances. He was often played higher up the pitch than previously, contributing five assists this term. His recovery runs remain exceptional. AP
  • He was Mr Reliable for much of the campaign, although his uncharacteristic mistake in the Spurs match could have undone City’s title chase but for Ortega’s heroics. City certainly looked more secure defensively when he came on in the cup final. Getty Images
    He was Mr Reliable for much of the campaign, although his uncharacteristic mistake in the Spurs match could have undone City’s title chase but for Ortega’s heroics. City certainly looked more secure defensively when he came on in the cup final. Getty Images
  • Four years at the club have yielded four league titles, as well as numerous other honours. As a pure defender he is almost without equal, although he was occasionally vulnerable to quick counter-attacks and transitions. PA
    Four years at the club have yielded four league titles, as well as numerous other honours. As a pure defender he is almost without equal, although he was occasionally vulnerable to quick counter-attacks and transitions. PA
  • Scored City’s first ever goal at the Tottenham Hotspur Stadium in January in the FA Cup to counterbalance the unfortunate deflection off his face in the 1-0 defeat at Arsenal in the autumn. One of City’s players of the year in the treble season, he was dependable rather than exceptional this term. Getty Images
    Scored City’s first ever goal at the Tottenham Hotspur Stadium in January in the FA Cup to counterbalance the unfortunate deflection off his face in the 1-0 defeat at Arsenal in the autumn. One of City’s players of the year in the treble season, he was dependable rather than exceptional this term. Getty Images
  • Had a tough introduction to English football but roared back to form in the run-in, when another tactical innovation by City sometimes had him as the most advanced player on the pitch. Scored five goals in a late-blooming campaign. Getty Images
    Had a tough introduction to English football but roared back to form in the run-in, when another tactical innovation by City sometimes had him as the most advanced player on the pitch. Scored five goals in a late-blooming campaign. Getty Images
  • An injury hit season for Stones. Given his fitness issues, he was a surprise inclusion in the cup final line-up, where he initially struggled but steadied. PA
    An injury hit season for Stones. Given his fitness issues, he was a surprise inclusion in the cup final line-up, where he initially struggled but steadied. PA
  • Signed an improved contract this season as reward for exceptional work in the previous campaign. Scored his first league goal for the club in the freakish 2-2 home draw with Palace in December, when City let a two-goal lead slip. He will hope to get more minutes next term. AFP
    Signed an improved contract this season as reward for exceptional work in the previous campaign. Scored his first league goal for the club in the freakish 2-2 home draw with Palace in December, when City let a two-goal lead slip. He will hope to get more minutes next term. AFP
  • Wow, just wow. Wonderful season for Foden who will carry many of England’s aspirations at the European Championship this summer. Scored several standout goals and delivered on countless occasions to drive City towards their history making destination this year. AP
    Wow, just wow. Wonderful season for Foden who will carry many of England’s aspirations at the European Championship this summer. Scored several standout goals and delivered on countless occasions to drive City towards their history making destination this year. AP
  • Incredible servant of the club who rarely loses in a City shirt, especially in the league, where he remains 50 matches unbeaten. His pressing, touches and all-round ability to marshal the team are central to City’s front-foot identity. PA
    Incredible servant of the club who rarely loses in a City shirt, especially in the league, where he remains 50 matches unbeaten. His pressing, touches and all-round ability to marshal the team are central to City’s front-foot identity. PA
  • Bernardo’s season could easily be summed up in the space of 72 hours in April: fluffing his penalty in a heartbreaking shootout against Madrid on a Wednesday night, before being the difference maker at Wembley the following Saturday against Chelsea. At his best he is a human dynamo and would be a huge miss if he leaves the club this summer. AP
    Bernardo’s season could easily be summed up in the space of 72 hours in April: fluffing his penalty in a heartbreaking shootout against Madrid on a Wednesday night, before being the difference maker at Wembley the following Saturday against Chelsea. At his best he is a human dynamo and would be a huge miss if he leaves the club this summer. AP
  • Tough start to his City career, including the most difficult of afternoons against Arsenal in the autumn when he was lucky not to see red, but became a consistent and authoritative performer towards the end. AP
    Tough start to his City career, including the most difficult of afternoons against Arsenal in the autumn when he was lucky not to see red, but became a consistent and authoritative performer towards the end. AP
  • He was an exciting addition to the squad in the summer and made several eye-catching performances, both as a starter and as an impact player from the bench. All round it was an excellent first year for the player. One suspects there is plenty more to come. PA
    He was an exciting addition to the squad in the summer and made several eye-catching performances, both as a starter and as an impact player from the bench. All round it was an excellent first year for the player. One suspects there is plenty more to come. PA
  • An injury affected season for KDB, who spent months on the sidelines. When he did return, he delivered a footballing “greatest hits” package of goals and assists. Irreplaceable at City, although that time is fast approaching for a player who turns 33 next month. AP
    An injury affected season for KDB, who spent months on the sidelines. When he did return, he delivered a footballing “greatest hits” package of goals and assists. Irreplaceable at City, although that time is fast approaching for a player who turns 33 next month. AP
  • Not the season he would have hoped for, but occasionally showed why he was signed for big money. He will hope that he follows the trajectory of some other Guardiola signings by having a better second season than first. Getty Images
    Not the season he would have hoped for, but occasionally showed why he was signed for big money. He will hope that he follows the trajectory of some other Guardiola signings by having a better second season than first. Getty Images
  • A vital piece in the jigsaw in the treble winning season, this term was more of a mixed one. Critics will say he needs to add more goals and assists to his game, but at his best he delivers the control and ball retention that Guardiola craves. He will hope to bounce back next season. Getty Images
    A vital piece in the jigsaw in the treble winning season, this term was more of a mixed one. Critics will say he needs to add more goals and assists to his game, but at his best he delivers the control and ball retention that Guardiola craves. He will hope to bounce back next season. Getty Images
  • Scored a goal of the season contender at Newcastle United to claim three points for his side and bagged another senior goal in the Champions League. He had a fine season all told and technically he is among the very best. EPA
    Scored a goal of the season contender at Newcastle United to claim three points for his side and bagged another senior goal in the Champions League. He had a fine season all told and technically he is among the very best. EPA
  • A regular fixture on the team sheet, Alvarez notched 19 goals in a season where he burned bright in the first half of the season but faded a little in the second. AP
    A regular fixture on the team sheet, Alvarez notched 19 goals in a season where he burned bright in the first half of the season but faded a little in the second. AP
  • Collected his second Golden Boot in as many seasons, but struggled with injury and, uncharacteristically, missed some big chances when he came back. Nevertheless, 38 goals was still a remarkable return. Getty Images
    Collected his second Golden Boot in as many seasons, but struggled with injury and, uncharacteristically, missed some big chances when he came back. Nevertheless, 38 goals was still a remarkable return. Getty Images
  • Limited number of appearances and minutes in all competitions this season, most from the bench. Getty Images
    Limited number of appearances and minutes in all competitions this season, most from the bench. Getty Images

In June, De Bruyne told Belgian newspaper Het Laatste Nieuws he was fond of the idea of a lucrative pay day in the latter stages of his career.

"For Michele, an exotic adventure is OK," he told the paper. "These are also conversations that we are having more and more as a family. I still have one year of contract, so I have to think about what can happen.

"My eldest (child) is now eight years old and knows nothing but England. He also asks how long I will play at City. Once the time comes, we will have to deal with it in a certain way.

"At my age, you have to be open to everything. You talk about unbelievable amounts in what may be the end of my career. Sometimes you have to think about that.

"If I play there for two years, I will be able to earn an incredible amount of money."

De Bruyne signed for Manchester City in the summer of 2015 and has won 15 major trophies.

Meanwhile, City signed 20-year-old Brazilian winger Savinho last week and Guardiola confirmed that Kalvin Phillips, who was on loan to West Ham United, has been training with the first team.

"Savinho can play on the wing, and when he is one-v-one, he is devastating," the Spaniard added.

"He is young and to bring in one or two players to keep things fresh, it is necessary but we cannot change six or seven. It is impossible and unsustainable.

"Many players want to come here but we didn’t get agreements from the clubs and when they ask a very high price we don’t do it."

Al Ittihad step up recruitment drive

While their pursuit of De Bruyne may well end in failure, Saudi Pro League giants Al Ittihad retain an interest in his City teammate Ederson, according to reports.

The goalkeeper, who has been at the Etihad Stadium since 2017, is thought to be open to a move to the SPL this summer.

Reports also suggest Aston Villa forward Moussa Diaby is likely to complete a move to Ittihad this week.

Diaby is expected to undergo his medical after agreeing a five-year deal in a transfer worth €60 million. The French winger only joined the Premier League club from Bayer Leverkusen 12 months ago.

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
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SPECS
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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

The bio

Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home

Director: Jon Favreau

Starring: Donald Glover, Seth Rogen, John Oliver

Rating: 2 out of 5 stars

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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.

Mumbai Indians 213/6 (20 ov)

Royal Challengers Bangalore 167/8 (20 ov)

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Top 10 in the F1 drivers' standings

1. Sebastian Vettel, Ferrari 202 points

2. Lewis Hamilton, Mercedes-GP 188

3. Valtteri Bottas, Mercedes-GP 169

4. Daniel Ricciardo, Red Bull Racing 117

5. Kimi Raikkonen, Ferrari 116

6. Max Verstappen, Red Bull Racing 67

7. Sergio Perez, Force India 56

8. Esteban Ocon, Force India 45

9. Carlos Sainz Jr, Toro Rosso 35

10. Nico Hulkenberg, Renault 26

Updated: July 23, 2024, 10:51 AM