Goodison Park, home of Everton. Premier League clubs face various penalties in case they decide to call off the season. Image for representation. PA
Goodison Park, home of Everton. Premier League clubs face various penalties in case they decide to call off the season. Image for representation. PA
Goodison Park, home of Everton. Premier League clubs face various penalties in case they decide to call off the season. Image for representation. PA
Goodison Park, home of Everton. Premier League clubs face various penalties in case they decide to call off the season. Image for representation. PA

Loss of insurance cover among financial risks facing Premier League clubs


Richard Jolly
  • English
  • Arabic

Premier League clubs risk voiding their business interruption insurance and costing themselves a payout if they vote for the season to end.

Football clubs, like many other companies, take out business interruption insurance as a back-up source of funds if they are unable to trade normally.

They might be able to claim if the campaign was ended against their will – for instance, if the British government ruled that sport could not take place – but probably not if they participated in the decision to stop football.

Lawyers say it would depend on the exact wording of the insurance contracts but expect that they would be invalid if clubs took steps themselves to end the campaign.

The Premier League declared after a conference call on Friday that the plan remains to complete the season, with restart dates in June pencilled in.

But cracks have emerged in its unity with Brighton chief executive Paul Barber voicing opposition to the plan to play the 92 remaining games at neutral venues and several relegation-threatened clubs reportedly in favour of voting to end the season.

Any change to Premier League regulations, such as playing at neutral grounds, would require a two-thirds majority of 14 clubs in favour.

The Premier League outlined last month to its 20 member clubs that the division could face a £1.137 billion (Dh5.2bn) loss if no more games are played this season.

The Premier League will also have to consider the precedent from France, where Ligue 1 was curtailed and Lyon, who missed out on European football as a result, threatened legal action.

That came after an announcement by Prime Minister Edouard Philippe that no football could take place before September. The British government is unlikely to follow suit meaning that if clubs take action themselves to stop the campaign, they are likely to incur further financial penalties.

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Best celebrations

  • The always shy and retiring Paul Gascoigne celebrates his sensational solo strike for England against Scotland at the 1996 European Championships in typical understated fashion. The midfielder lies flat on his back next to the goal and encourages teammates to squirt drinks down his throat - mimicking an incident that took during an infamous team night out in Hong Kong ahead of the tournament. Getty
    The always shy and retiring Paul Gascoigne celebrates his sensational solo strike for England against Scotland at the 1996 European Championships in typical understated fashion. The midfielder lies flat on his back next to the goal and encourages teammates to squirt drinks down his throat - mimicking an incident that took during an infamous team night out in Hong Kong ahead of the tournament. Getty
  • A rare provocative moment from the great Lionel Messi. The Argentine holds up his Barcelona shirt in front of Real Madrid fans after scoring a late winner in the clasico at the Bernabeu stadium in April, 2017. He was booked for his troubles. AFP
    A rare provocative moment from the great Lionel Messi. The Argentine holds up his Barcelona shirt in front of Real Madrid fans after scoring a late winner in the clasico at the Bernabeu stadium in April, 2017. He was booked for his troubles. AFP
  • England's beanpole striker Peter Crouch seals his place in footballing folklore with this robot dance after scoring against Jamaica at Old Trafford in Manchester in June 2006. The fact he grabbed a hat-trick in the match is now a mere sidenote. AP
    England's beanpole striker Peter Crouch seals his place in footballing folklore with this robot dance after scoring against Jamaica at Old Trafford in Manchester in June 2006. The fact he grabbed a hat-trick in the match is now a mere sidenote. AP
  • The classic trademark celebration of Newcastle United striker Alan Shearer after scoring against Bolton at the Reebok Stadium in October, 2001. Newcastle fans would watch him repeat this for just about all of his club record 206 goals for the Magpies. Getty
    The classic trademark celebration of Newcastle United striker Alan Shearer after scoring against Bolton at the Reebok Stadium in October, 2001. Newcastle fans would watch him repeat this for just about all of his club record 206 goals for the Magpies. Getty
  • Klaas-Jan Huntelaar of the Netherlands enjoys his match-winning penalty against Mexico in the last-16 clash at the 2014 World Cup in Brazil by going full Bruce Lee on the corner flag. Getty
    Klaas-Jan Huntelaar of the Netherlands enjoys his match-winning penalty against Mexico in the last-16 clash at the 2014 World Cup in Brazil by going full Bruce Lee on the corner flag. Getty
  • Jurgen Klinsmann launches into a swallow dive after scoring on his Tottenham Hotspur debut against Sheffield Wednesday at Hillsborough in August, 1994. On his arrival in England, there had been much debate in the media about the German striker's apparent habit of going down too easily to win free-kicks. Klinsmann's riposte was magnificent. Colorsport/Shutterstock
    Jurgen Klinsmann launches into a swallow dive after scoring on his Tottenham Hotspur debut against Sheffield Wednesday at Hillsborough in August, 1994. On his arrival in England, there had been much debate in the media about the German striker's apparent habit of going down too easily to win free-kicks. Klinsmann's riposte was magnificent. Colorsport/Shutterstock
  • Cameroon striker Roger Milla dusts off his dancing shoes by the corner flag after scoring against Colombia in the last-16 clash in Naples at the 1990 World Cup in Italy. It was a classic World Cup moment from the 38-year-old who turned out to be an unlikely star of the tournament. Getty
    Cameroon striker Roger Milla dusts off his dancing shoes by the corner flag after scoring against Colombia in the last-16 clash in Naples at the 1990 World Cup in Italy. It was a classic World Cup moment from the 38-year-old who turned out to be an unlikely star of the tournament. Getty
  • Being jeered off your own fans is tough for any player, but Ayoze Perez came up with his own way of hitting back at abuse from Newcastle United supporters. After every goal, he would stand perfectly still with fingers in each ear and a big grin on his face. It's a tradition he has carried on since moving to Leicester City in 2019 and here he is celebrating scoring against West Ham at the King Power Stadium in the Premier League on January 22, 2020. Getty
    Being jeered off your own fans is tough for any player, but Ayoze Perez came up with his own way of hitting back at abuse from Newcastle United supporters. After every goal, he would stand perfectly still with fingers in each ear and a big grin on his face. It's a tradition he has carried on since moving to Leicester City in 2019 and here he is celebrating scoring against West Ham at the King Power Stadium in the Premier League on January 22, 2020. Getty
  • Manchester United's Wayne Rooney responded to finding himself on the front pages of British newspapers in memorable fashion. Video footage had emerged of him appearing to be knocked unconscious in a kitchen boxing bout with Stoke City player Phil Bardsley. A few days later, he scored against Tottenham Hotspur at Old Trafford, shadow boxed for a few seconds before pretending to be knocked to the ground. Getty
    Manchester United's Wayne Rooney responded to finding himself on the front pages of British newspapers in memorable fashion. Video footage had emerged of him appearing to be knocked unconscious in a kitchen boxing bout with Stoke City player Phil Bardsley. A few days later, he scored against Tottenham Hotspur at Old Trafford, shadow boxed for a few seconds before pretending to be knocked to the ground. Getty
  • Beating arch-rivals Manchester United is always a special moment for Liverpool players and fans alike. Beating them 4-1 at Old Trafford, though, is another level altogether for the Merseysiders. Captain Steven Gerrard celebrated scoring their second goal in March, 2009, by rushing over and planting a smacker on a television camera lense. Getty
    Beating arch-rivals Manchester United is always a special moment for Liverpool players and fans alike. Beating them 4-1 at Old Trafford, though, is another level altogether for the Merseysiders. Captain Steven Gerrard celebrated scoring their second goal in March, 2009, by rushing over and planting a smacker on a television camera lense. Getty
  • Life is certainly never dull when Mario Balotelli is around. The Manchester City striker, tired of finding himself the focus of British media attention, decided to show off a t-shirt bearing the words "Why always me?" after scoring the opening goal in the 6-1 derby victory over Manchester United at Old Trafford - thus guaranteeing he would remain in the headlines Getty.
    Life is certainly never dull when Mario Balotelli is around. The Manchester City striker, tired of finding himself the focus of British media attention, decided to show off a t-shirt bearing the words "Why always me?" after scoring the opening goal in the 6-1 derby victory over Manchester United at Old Trafford - thus guaranteeing he would remain in the headlines Getty.
  • It is a tradition in modern football for players who score against their old club to keep their celebrations down to a bare minimum, if show any emotion at all. But not if you are Emmanuel Adebayor. After scoring for Manchester City at the Etihad Stadium against previous club Arsenal, in September 2009, the Togo international decided to run the entire length of the pitch and slide down onto his knees in front of an apoplectic away section. The plastic chair in the picture is just one of many objects that was launched in his direction. Adebayor would later claim his reaction was down to racist abuse he had received off Gunners fans. Getty
    It is a tradition in modern football for players who score against their old club to keep their celebrations down to a bare minimum, if show any emotion at all. But not if you are Emmanuel Adebayor. After scoring for Manchester City at the Etihad Stadium against previous club Arsenal, in September 2009, the Togo international decided to run the entire length of the pitch and slide down onto his knees in front of an apoplectic away section. The plastic chair in the picture is just one of many objects that was launched in his direction. Adebayor would later claim his reaction was down to racist abuse he had received off Gunners fans. Getty
  • One of the most famous World Cup celebrations of all. The raw emotion on the face of Marco Tardelli, with his bulging eyes looking set to pop out of their sockets as he roars like a lion after scoring for Italy against Germany in the 1982 World Cup final in Spain is truly unforgettable. "In that moment, I went beyond madness," Tardelli would later say. Getty
    One of the most famous World Cup celebrations of all. The raw emotion on the face of Marco Tardelli, with his bulging eyes looking set to pop out of their sockets as he roars like a lion after scoring for Italy against Germany in the 1982 World Cup final in Spain is truly unforgettable. "In that moment, I went beyond madness," Tardelli would later say. Getty
  • A memorable celebration for an unforgettable FA Cup moment. Ryan Giggs had just scored a stunning individual goal to win the semi-final replay in extra-time against bitter rivals Arsenal at Villa Park in April, 1999. The Welsh winger proceeded to take his top off, twirl it above his head and sprint down the touchline at full pelt. Shutterstock
    A memorable celebration for an unforgettable FA Cup moment. Ryan Giggs had just scored a stunning individual goal to win the semi-final replay in extra-time against bitter rivals Arsenal at Villa Park in April, 1999. The Welsh winger proceeded to take his top off, twirl it above his head and sprint down the touchline at full pelt. Shutterstock
  • Taking inner-rage to new levels, Newcastle United midfielder Temuri Ketsbaia will always be remembered for his furious "celebrations" after scoring the last-minute winners against Bolton in January, 1998. The Georgian, frustrated at a lack of game time under manager Kenny Dalglish, proceeded to rip his shirt off and kick seven bells out of the St James' Park advertising hoardings, even threatening to strip down to his underpants at one point. Reuters
    Taking inner-rage to new levels, Newcastle United midfielder Temuri Ketsbaia will always be remembered for his furious "celebrations" after scoring the last-minute winners against Bolton in January, 1998. The Georgian, frustrated at a lack of game time under manager Kenny Dalglish, proceeded to rip his shirt off and kick seven bells out of the St James' Park advertising hoardings, even threatening to strip down to his underpants at one point. Reuters
  • A touching moment at the 1994 World Cup in the United States. In tribute to his newly-born son, Brazilian attacker Bebeto celebrated his goal against the Netherlands in the quarter-finals by cradling an imaginary baby alongside teammates Romario and Mazinho. Getty
    A touching moment at the 1994 World Cup in the United States. In tribute to his newly-born son, Brazilian attacker Bebeto celebrated his goal against the Netherlands in the quarter-finals by cradling an imaginary baby alongside teammates Romario and Mazinho. Getty
  • Real Madrid's Brazilian attacker Kaka celebrates in typical fashion after scoring against Ajax in the Champions League at the Santiago Bernabeu, in December, 2012. Pointing to the sky was the devout Christian's way of saying thanks to God. AFP
    Real Madrid's Brazilian attacker Kaka celebrates in typical fashion after scoring against Ajax in the Champions League at the Santiago Bernabeu, in December, 2012. Pointing to the sky was the devout Christian's way of saying thanks to God. AFP
  • Portuguese winger Nani goes airborne in trademark fashion after scoring for Manchester United against Tottenham Hotspur, in October 2010. Getty
    Portuguese winger Nani goes airborne in trademark fashion after scoring for Manchester United against Tottenham Hotspur, in October 2010. Getty
  • After attacking teammate John Arne Riise with a golf club during a team-bonding session in the Spanish Algarve in February, 2017, Liverpool striker Craig Bellamy was back in action days later in a Champions League last-16 tie at Barcelona. And the Welshman, who was fined £80,000 by the club, decided to celebrate his goal by pretending to swing a golf club. Riise would later call the celebration 'disrespectful'. Getty
    After attacking teammate John Arne Riise with a golf club during a team-bonding session in the Spanish Algarve in February, 2017, Liverpool striker Craig Bellamy was back in action days later in a Champions League last-16 tie at Barcelona. And the Welshman, who was fined £80,000 by the club, decided to celebrate his goal by pretending to swing a golf club. Riise would later call the celebration 'disrespectful'. Getty
  • Miroslav Klose goes head-over-heels in celebration after coming on as a substitute to score for Germany and earn them a point against Ghana at the 2014 World Cup in Brazil. It was the 36-year-old's 15th goal in World Cup finals, equaling the record set by former Brazil star, Ronaldo. He would break the record during Germany's 7-1 route of the hosts in the semi-finals. Getty
    Miroslav Klose goes head-over-heels in celebration after coming on as a substitute to score for Germany and earn them a point against Ghana at the 2014 World Cup in Brazil. It was the 36-year-old's 15th goal in World Cup finals, equaling the record set by former Brazil star, Ronaldo. He would break the record during Germany's 7-1 route of the hosts in the semi-finals. Getty
  • Forced to stop pulling his shirt over head after scoring as it would earn him a yellow card, Daniel Sturridge went on to mark every goal with a trademark dance routine. This is him in full flow after notching in the Europa League final against Sevilla in Basel, Switzerland, on May 18, 2016. Getty
    Forced to stop pulling his shirt over head after scoring as it would earn him a yellow card, Daniel Sturridge went on to mark every goal with a trademark dance routine. This is him in full flow after notching in the Europa League final against Sevilla in Basel, Switzerland, on May 18, 2016. Getty
  • With his team 4-0 down at Manchester City on Boxing Day 2008, Hull City manager Phil Brown decided to make the unusual call conducting his half-time team talk on the pitch in front of the travelling Tigers fans to try and shame a reaction out of the players. The match finished 5-1. The following season, Hull were back at the Etihad Stadium and when Jimmy Bullard scored from the spot, he beckoned his teammates over who promptly sat on the ground and received a mock telling off from the midfielder. The game finished 1-1 and Brown described the celebration as "fantastic". AFP
    With his team 4-0 down at Manchester City on Boxing Day 2008, Hull City manager Phil Brown decided to make the unusual call conducting his half-time team talk on the pitch in front of the travelling Tigers fans to try and shame a reaction out of the players. The match finished 5-1. The following season, Hull were back at the Etihad Stadium and when Jimmy Bullard scored from the spot, he beckoned his teammates over who promptly sat on the ground and received a mock telling off from the midfielder. The game finished 1-1 and Brown described the celebration as "fantastic". AFP
  • The man who would strike fear into corner flags across football pitches the world over. Australia attacker Tim Cahill celebrates scoring for Everton against Fulham at Goodison Park in April, 2012, in trademark fashion by shadow boxing the defenceless flag. Getty
    The man who would strike fear into corner flags across football pitches the world over. Australia attacker Tim Cahill celebrates scoring for Everton against Fulham at Goodison Park in April, 2012, in trademark fashion by shadow boxing the defenceless flag. Getty
  • Adopted by many across the world, but most famously used by Real Madrid attacker Gareth Bale. This is him celebrating scoring his team's first goal against Legia Warsaw in the Champions League group stage match in October, 2016. Possibly soon to be seen in Major League Soccer in the US as the out-of-favour Welsh attacker finally heads for the Real exit this summer. Getty
    Adopted by many across the world, but most famously used by Real Madrid attacker Gareth Bale. This is him celebrating scoring his team's first goal against Legia Warsaw in the Champions League group stage match in October, 2016. Possibly soon to be seen in Major League Soccer in the US as the out-of-favour Welsh attacker finally heads for the Real exit this summer. Getty
  • During the Champions League last-16 first leg against Paris Saint-Germain in February 2020, Erling Braut Haaland had marked his latest goal for Borussia Dortmund by sitting cross legged in a Buddha pose. Neymar and Co at PSG were clearly not amused. After the French side had beaten Dortmund to secure passage to the quarter-finals the following month, PSG players decided their was only one suitable celebration. Twitter
    During the Champions League last-16 first leg against Paris Saint-Germain in February 2020, Erling Braut Haaland had marked his latest goal for Borussia Dortmund by sitting cross legged in a Buddha pose. Neymar and Co at PSG were clearly not amused. After the French side had beaten Dortmund to secure passage to the quarter-finals the following month, PSG players decided their was only one suitable celebration. Twitter
Farage on Muslim Brotherhood

Nigel Farage told Reform's annual conference that the party will proscribe the Muslim Brotherhood if he becomes Prime Minister.
"We will stop dangerous organisations with links to terrorism operating in our country," he said. "Quite why we've been so gutless about this – both Labour and Conservative – I don't know.
“All across the Middle East, countries have banned and proscribed the Muslim Brotherhood as a dangerous organisation. We will do the very same.”
It is 10 years since a ground-breaking report into the Muslim Brotherhood by Sir John Jenkins.
Among the former diplomat's findings was an assessment that “the use of extreme violence in the pursuit of the perfect Islamic society” has “never been institutionally disowned” by the movement.
The prime minister at the time, David Cameron, who commissioned the report, said membership or association with the Muslim Brotherhood was a "possible indicator of extremism" but it would not be banned.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright

Landfill in numbers

• Landfill gas is composed of 50 per cent methane

• Methane is 28 times more harmful than Co2 in terms of global warming

• 11 million total tonnes of waste are being generated annually in Abu Dhabi

• 18,000 tonnes per year of hazardous and medical waste is produced in Abu Dhabi emirate per year

• 20,000 litres of cooking oil produced in Abu Dhabi’s cafeterias and restaurants every day is thrown away

• 50 per cent of Abu Dhabi’s waste is from construction and demolition

Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

Key developments

All times UTC 4

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But as they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment had led to graphene being isolated for the very first time.

At the time, many believed it was impossible for such thin crystalline materials to be stable. But examined under a microscope, the material remained stable, and when tested was found to have incredible properties.

It is many times times stronger than steel, yet incredibly lightweight and flexible. It is electrically and thermally conductive but also transparent. The world's first 2D material, it is one million times thinner than the diameter of a single human hair.

But the 'sticky tape' method would not work on an industrial scale. Since then, scientists have been working on manufacturing graphene, to make use of its incredible properties.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics. Their discovery meant physicists could study a new class of two-dimensional materials with unique properties. 

 

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

'Ashkal'
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Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

Dunki
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rajkumar%20Hirani%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Taapsee%20Pannu%2C%20Vikram%20Kochhar%20and%20Anil%20Grover%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Strait of Hormuz

Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.

The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.

Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.

Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.