MADRID // Aletico Madrid coach Diego Simeone believes Italian champions Juventus are as good as Spanish giants Barcelona and Real Madrid despite his side inflciting Juve’s first defeat of the season in a 1-0 win on Wednesday.
“For me they are at the level of Madrid or Barcelona,” said the Argentine.
“Watching the videos over and over, they are one of the hardest teams I have seen to attack or cause damage against.
“They have two magnificent strikers, full-backs or wingers that attack and defend, brilliant players in midfield and an enormous goalkeeper that everyone knows.”
Simeone’s men have made a habit of upsetting Barca and Real in recent seasons as they broke their 10-year long dominance of La Liga by winning the Spanish league title last season.
Arda Turan’s stike 15 minutes from time was enough to add Juventus to their list of big-name scalps and breathe new life into Atletico’s Champions League campaign after a surprise 3-2 defeat to Olympiakos on matchday one.
Malmo’s 2-0 victory over the Greeks leaves all four sides in Group A on three points after two games, but Simeone insisted that Juventus remain the team to beat.
“I wouldn’t say we have recovered from the defeat (against Olympiakos), with four teams on three points it all starts over, but it could be that Juventus will be the strongest team in the group.”
For Juventus there was yet more disappointment on the road in the Champions League after their shock elimination at the groyp stages in last season’s competition.
The Old Lady of Italian football has now lost four of its last five away games in Europe’s premier club compeition and captian Gianluigi Buffon admitted that is a record they must improve on.
“Now all we can do is look at the games we have at home, but we have to improve when we are playing away.”
Buffon had hinted in his pre-match press conference that Juventus would have been happy to come away from the Vicente Calderon with a point.
And he recognised that a more daring approach may also be required if they are to progress to the later stages of the competition after failing to even egister a shot on target.
“Atletico are an elite team in European football and it could be that influenced our thinking.
“In any case, to mature as a team on the international level we need to risk more in looking for the victory.”
Turan’s goal ended Buffon’s five-match run without conceding to start the season as Juventus had made a 100 percent start to the new campaign under new boss Massimiliano Allegri.
In a game of very few clear-cut chances, the Turkish international stole in ahead of Stephan Lichsteiner to convert Juanfran’s cross and Allegri rued his side’s lack of killer instinct at both ends of the field.
“They took advantage of their only chance. We go away with a defeat after playing very well, but it is clear we have paid dearly for that one error,” he said.
“In the first-half we didn’t have very many chances, but in the second we had three or four clear ones on counter-attacks where we failed with the last pass.”
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Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
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BMW M5 specs
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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
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
Rashid & Rajab
Director: Mohammed Saeed Harib
Stars: Shadi Alfons, Marwan Abdullah, Doaa Mostafa Ragab
Two stars out of five
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
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Killing of Qassem Suleimani
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5