• Rory McIlroy of Northern Ireland poses with the DP World Tour Championship trophy during final round of the DP World Tour Championship at Jumeirah Golf Estates in Dubai on November 20,2022. (Photo by Ryan LIM / AFP)
    Rory McIlroy of Northern Ireland poses with the DP World Tour Championship trophy during final round of the DP World Tour Championship at Jumeirah Golf Estates in Dubai on November 20,2022. (Photo by Ryan LIM / AFP)
  • Northern Ireland's Rory McIlroy celebrates in Dubai. Getty
    Northern Ireland's Rory McIlroy celebrates in Dubai. Getty
  • Jon Rahm celebrates after winning the DP World Tour Championship. Getty
    Jon Rahm celebrates after winning the DP World Tour Championship. Getty
  • Jon Rahm with Rory McIlroy on the Earth Course at Jumeirah Golf Estates. Getty
    Jon Rahm with Rory McIlroy on the Earth Course at Jumeirah Golf Estates. Getty
  • Spain's Jon Rahm on his way to a two-shot victory in Dubai. He carded a final round 67 to finish 20 under par. Getty
    Spain's Jon Rahm on his way to a two-shot victory in Dubai. He carded a final round 67 to finish 20 under par. Getty
  • Rory McIlroy on the third hole during final round of the DP World Tour Championship where he finished in fourth place. AFP
    Rory McIlroy on the third hole during final round of the DP World Tour Championship where he finished in fourth place. AFP
  • Jon Rahm celebrates on the 18th green after winning the DP World Tour Championship. Getty
    Jon Rahm celebrates on the 18th green after winning the DP World Tour Championship. Getty
  • England's Tyrrell Hatton after missing a putt on the 14th green. He carded a final round 66 to finish 18 under in Dubai. Getty
    England's Tyrrell Hatton after missing a putt on the 14th green. He carded a final round 66 to finish 18 under in Dubai. Getty
  • Sweden's Alex Noren on the 15th tee in Dubai. He carded a final round 67 to finish 18 under. Getty
    Sweden's Alex Noren on the 15th tee in Dubai. He carded a final round 67 to finish 18 under. Getty
  • England's Tommy Fleetwood on the first tee. He carded a final round 69 to finish 13 under. Getty
    England's Tommy Fleetwood on the first tee. He carded a final round 69 to finish 13 under. Getty
  • Matt Fitzpatrick of England on the fourth tee in Dubai. He carded a final round 73 to finish 13 under. Getty
    Matt Fitzpatrick of England on the fourth tee in Dubai. He carded a final round 73 to finish 13 under. Getty
  • Ryan Fox of New Zealand on the fourth tee. He carded a final round 86 to finish five under. Getty
    Ryan Fox of New Zealand on the fourth tee. He carded a final round 86 to finish five under. Getty
  • Rory Mcilroy carded a final round 68 to finish 16 under. Getty
    Rory Mcilroy carded a final round 68 to finish 16 under. Getty
  • Jon Rahm plays his shot from the 15th tee. Getty
    Jon Rahm plays his shot from the 15th tee. Getty

Rory McIlroy says he's a 'complete golfer' after clinching Race to Dubai


Paul Radley
  • English
  • Arabic

Rory McIlroy says he feels he is “as complete a golfer” as he has ever been after finishing the season as Europe’s No 1 for a fourth time.

A decade on from winning the Race to Dubai for the first time at Jumeirah Golf Estates, the 33-year-old world No 1 clinched the crown again.

Unlike back then, when he beat Justin Rose by two strokes to win the DP World Tour Championship, he did not claim a monopoly of the stash on offer at the Earth Course.

This time around, Jon Rahm beat him to the season-ending tournament title. The Spaniard closed with a five-under-par round of 67 to get to 20-under for the tournament, two shots clear of Tyrrell Hatton and Alex Noren.

McIlroy’s final round of 68 was enough for 16-under and fourth place. It also kept at bay his DP World Tour rankings rivals. Ryan Fox was the eventual runner up, with Rahm third, and Matt Fitzpatrick fourth.

“One of the things I'm really proud of over the last few years is I don't feel I have to rely on one aspect of my game,” McIlroy said.

“I think if my driving isn't there, then my putter bails me out. If my putter isn't there, my iron play bails me out.

“I feel like when you get to this level, it's about how can you make those incremental improvements to get better.

“I think my goal has been to just become a more complete golfer, and I feel like I'm on the journey to doing that.

“I'm as complete a golfer as I feel like I've ever been, and hopefully I can continue on that path.”

McIlroy had no tournament wins in his run to the top of the DP World Tour rankings, but his season was remarkable for its consistency.

Of the 10 competitions played on tour, the Northern Irishman had a lowest placing of 12th, at the Abu Dhabi HSBC Championship at Yas Links in January. After that, his finishes were 3rd, 2nd, 8th, 5th, 3rd, 2nd, 4th, 4th and 4th.

“I think what set the foundation for this was my performance in majors and the bigger events on this tour,” he said.

“It feels funny winning without having an official win on this tour this year, but I think that just speaks to the consistency levels I have played with for the past few months.”

The Order of Merit win cemented McIlroy’s status as golf’s leading player, having earlier in the season reclaimed the world No 1 spot and won the FedEx Cup.

How to improve on such excellence next year? His answer is well-rehearsed and unequivocal.

“I probably sound like a broken record, but it has been eight years since I have won a major,” he said.

“I feel like I have done everything there is to do in the game since then. I have won three FedEx Cups since winning my last Race to Dubai. I have done a ton of stuff.

“I have been really encouraged this year with how I have played the majors. That is something to really build on for next year.

“[Winning the DP World Tour rankings and FedEx double] is an amazing achievement. It is very cool.”

About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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

2020 Oscars winners: in numbers
  • Parasite – 4
  • 1917– 3
  • Ford v Ferrari – 2
  • Joker – 2
  • Once Upon a Time ... in Hollywood – 2
  • American Factory – 1
  • Bombshell – 1
  • Hair Love – 1
  • Jojo Rabbit – 1
  • Judy – 1
  • Little Women – 1
  • Learning to Skateboard in a Warzone (If You're a Girl) – 1
  • Marriage Story – 1
  • Rocketman – 1
  • The Neighbors' Window – 1
  • Toy Story 4 – 1
The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Terminal High Altitude Area Defense (THAAD)

What is THAAD?

It is considered to be the US' most superior missile defence system.

Production:

It was first created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

UAE and THAAD:

In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ESupy%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EDani%20El-Zein%2C%20Yazeed%20bin%20Busayyis%2C%20Ibrahim%20Bou%20Ncoula%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EFood%20and%20beverage%2C%20tech%2C%20hospitality%20software%2C%20Saas%0D%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3EBootstrapped%20for%20six%20months%3B%20pre-seed%20round%20of%20%241.5%20million%3B%20seed%20round%20of%20%248%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EBeco%20Capital%2C%20Cotu%20Ventures%2C%20Valia%20Ventures%20and%20Global%20Ventures%3C%2Fp%3E%0A
Updated: November 20, 2022, 2:38 PM