• Atletico Madrid's striker Joao Felix during a training session. EPA
    Atletico Madrid's striker Joao Felix during a training session. EPA
  • Atletico Madrid's midfielder Koke. EPA
    Atletico Madrid's midfielder Koke. EPA
  • Brazilian defender Felipe Monteiro. EPA
    Brazilian defender Felipe Monteiro. EPA
  • Atletico Madrid goalkeeper Jan Oblak. EPA
    Atletico Madrid goalkeeper Jan Oblak. EPA
  • Atletico Madrid's Mexican midfielder Hector Herrera during a training session. EPA
    Atletico Madrid's Mexican midfielder Hector Herrera during a training session. EPA
  • Atletico Madrid players Diego Costa and Stefan Savic. EPA
    Atletico Madrid players Diego Costa and Stefan Savic. EPA
  • Stefan Savic and Joao Felix. EPA
    Stefan Savic and Joao Felix. EPA
  • Spanish midfielder Koke during his team's training session in Madrid. EPA
    Spanish midfielder Koke during his team's training session in Madrid. EPA

Joao Felix returns home aiming to help Atletico Madrid achieve Champions League glory


Ian Hawkey
  • English
  • Arabic

At Benfica’s practice headquarters, south of the Tagus and some distance from the heart of Lisbon, a familiar face showed up on Tuesday.

Still boyish, Joao Felix has taken on a lot since this was his daily workplace and Benfica identified him as the most talented teenager they had seen for many years.

These days they joke that younger brother Hugo,16 and enrolled in Benfica’s youth system, may turn out ever better. It would suit Benfica nicely if he does. Thirteen months ago, Joao Felix’s sale to Atletico Madrid yielded over €120 million (Dh518m), a significant tranche of which went to the Lisbon club.

Atletico have been borrowing Benfica’s Seixal practice site in the lead-up to  Thursday night’s Champions League quarter-final against RB Leipzig in Lisbon. Though the behind-closed-doors conditions around the makeshift conclusion to the Champions League means local support for Felix is muted, there is some fascination about what part the wonderkid, now 20, will play in it.

He seems to respond to the big stage in his home country: last summer, he made his international debut, in Porto in the Uefa Nations League finals, and helped Portugal to lift the prize.

The journey since has been a little bumpy. Atletico’s record signing assumed not only the burden of a massive fee at a tender age, but the responsibility, in part, of replacing Antoine Griezmann, an Atletico great departed for Barcelona.

Felix began well enough with hints that, in the most expensively assembled Atletico team ever, he could become the key man in a shift from the cagey, counter-attacking style that has become their trademark under Diego Simeone. Felix can be dazzling on the ball, ideally playing just off a main striker.

He is also young and still adapting to a club which under the long, transformative management of Simeone, has been geared to thrive against opponents with a higher share of possession. That requires of Atletico’s players that they build up the physical strength and stamina to hunt and to chase, whatever their position on the field.

Felix’s first season asked a lot of him, and has been interrupted by injury. His return of eight goals from 35 games, across competitions, looks slender next to the 20 he accumulated in what was his first campaign as a senior player, 2018-19, with Benfica.

It looks slight next to Griezmann’s record at an austere, low-scoring Atletico: the Frenchman always hit 20 goals, at least. But it looks less bland when you note that by far Atletico’s top scorer this term is Alvaro Morata with his 16 from 32.

There have been lean times for all of them. At one stage Atletico, La Liga champions in 2014, were struggling to make the top four.

After the resumption of football in June, they rallied, helped by the fact that in their rear-view mirror was an extraordinary night at Anfield.

Backs to the wall, the familiar, rugged Atletico beat Liverpool 3-2 in extra time, knocking the season’s least beatable club side out of the Champions League.

Felix played a part in that epic comeback, but its hero was Marcos Llorente, the midfielder stunningly reinvented as goalscorer. Llorente’s contributions to the 18-match unbeaten run that closed Atletico’s season, helping them to third place in La Liga, have made him a likelier starter against Leipzig than Felix.

In the absence of Angel Correa - who tested positive for Covid-19 at the weekend (he is asymptomatic) and so has not travelled to Portugal - winger Yannick Carrasco is also favoured for a place in Simeone's XI.

So Felix may well start on the bench in Lisbon, a city that has a special resonance for others in the Atletico camp. It was at the Estadio da Luz in 2014, where Simeone guided Atletico to within a stoppage-time equaliser to the club’s first ever European Cup, denied by a last-gasp Sergio Ramos goal, and then a heartbreaking three more Real Madrid goals in extra time.

For players like Koke, the captain, and Diego Costa, the striker who limped off injured early that night, Lisbon will always stimulate bittersweet memories. Two years later, they lost another Champions League final in Milan, also to Real Madrid, and also in extremis, beaten on penalties.

“Football owes Atletico a Champions League,” said the club’s president, Enrique Cerezo. “We’ve had it within grasp before, and it’s been snatched away. Maybe this is the year it happens.”

Tour de France

When: July 7-29

UAE Team Emirates:
Dan Martin, Alexander Kristoff, Darwin Atapuma, Marco Marcato, Kristijan Durasek, Oliviero Troia, Roberto Ferrari and Rory Sutherland

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Company name: Jaib

Started: January 2018

Co-founders: Fouad Jeryes and Sinan Taifour

Based: Jordan

Sector: FinTech

Total transactions: over $800,000 since January, 2018

Investors in Jaib's mother company Alpha Apps: Aramex and 500 Startups

World Test Championship table

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5 Pakistan 43.3 per cent

6 West Indies 33.3 per cent

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The biog

Place of birth: Kalba

Family: Mother of eight children and has 10 grandchildren

Favourite traditional dish: Al Harees, a slow cooked porridge-like dish made from boiled cracked or coarsely ground wheat mixed with meat or chicken

Favourite book: My early life by Sheikh Dr Sultan bin Muhammad Al Qasimi, the Ruler of Sharjah

Favourite quote: By Sheikh Zayed, the UAE's Founding Father, “Those who have no past will have no present or future.”

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