• ABU DHABI, UNITED ARAB EMIRATES - JANUARY 15: Francesco Molinari, Captain of Continental Europe holds the Hero Cup with team mates after their victory on Day Three of the Hero Cup at Abu Dhabi Golf Club on January 15, 2023 in Abu Dhabi, United Arab Emirates. (Photo by Andrew Redington / Getty Images)
    ABU DHABI, UNITED ARAB EMIRATES - JANUARY 15: Francesco Molinari, Captain of Continental Europe holds the Hero Cup with team mates after their victory on Day Three of the Hero Cup at Abu Dhabi Golf Club on January 15, 2023 in Abu Dhabi, United Arab Emirates. (Photo by Andrew Redington / Getty Images)
  • Adrian Meronk is congratulated by Continental Europe captain Francesco Molinari after sinking the putt that sealed their victory in the Hero Cup. Getty
    Adrian Meronk is congratulated by Continental Europe captain Francesco Molinari after sinking the putt that sealed their victory in the Hero Cup. Getty
  • Guido Migliozzi is congratulated by Continental Europe captain Francesco Molinari. Getty
    Guido Migliozzi is congratulated by Continental Europe captain Francesco Molinari. Getty
  • Continental Europe's Nicolai Hojgaard plays his second shot on the 18th hole during his narrow win over Seamus Power. Getty
    Continental Europe's Nicolai Hojgaard plays his second shot on the 18th hole during his narrow win over Seamus Power. Getty
  • Great Britain & Ireland's Tyrell Hatton plays his third shot on the 14th hole during his 5&4 win over Antoine Rozner. Getty
    Great Britain & Ireland's Tyrell Hatton plays his third shot on the 14th hole during his 5&4 win over Antoine Rozner. Getty
  • Great Britain & Ireland's Shane Lowry looks dejected on the 16th hole during his defeat against Francesco Molinari. Getty
    Great Britain & Ireland's Shane Lowry looks dejected on the 16th hole during his defeat against Francesco Molinari. Getty
  • Continental Europe's Guido Migliozzi tees off on the sixth hole during his 4&3 win over Richard Mansell. Getty
    Continental Europe's Guido Migliozzi tees off on the sixth hole during his 4&3 win over Richard Mansell. Getty
  • Seamus Power of Great Britain & Ireland in action on the final day. EPA
    Seamus Power of Great Britain & Ireland in action on the final day. EPA
  • Continental Europe's Alex Noren lines up a putt on the third hole during his 5&3 defeat against Robert MacIntyre. Getty
    Continental Europe's Alex Noren lines up a putt on the third hole during his 5&3 defeat against Robert MacIntyre. Getty
  • Great Britain & Ireland's Tommy Fleetwood tees off on the third hole during his 3&2 victory against Thomas Pieters. Getty
    Great Britain & Ireland's Tommy Fleetwood tees off on the third hole during his 3&2 victory against Thomas Pieters. Getty
  • Continental Europe's Thomas Detry lines up a putt on the second hole during his 2&1 loss to Matt Wallace. Getty
    Continental Europe's Thomas Detry lines up a putt on the second hole during his 2&1 loss to Matt Wallace. Getty
  • Continental Europe's Nicolai Hojgaard finds himself in a tricky spot on the first hole during his defeat against Tyrrell Hatton. Getty
    Continental Europe's Nicolai Hojgaard finds himself in a tricky spot on the first hole during his defeat against Tyrrell Hatton. Getty

Continental Europe beat Great Britain and Ireland to win inaugural Hero Cup in Abu Dhabi


John McAuley
  • English
  • Arabic

Francesco Molinari paid tribute to his Continental Europe team after they defeated Great Britain and Ireland on Sunday to win the inaugural Hero Cup in Abu Dhabi.

The Europeans, who entered Sundays singles with a two-point lead, triumphed in six of the 10 matches at Abu Dhabi Golf Club to take the trophy 14.5 to 10.5.

Poland’s Adrian Meronk sank the decisive putt on the final hole to claim a 1-Up victory against Englishman Callum Shinkwin, lifting Europe to an unassailable 13.5 points with one match remaining on the course.

Italy’s Guido Migliozzi then saw off England’s Richard Mansell 4&3 to conclude the tournament on a high for his team.

Speaking after Meronk had secured the cup but while Migliozzi’s match was still live, Molinari said: “Amazing, amazing. I can finally relax – the last couple of hours have been tense after finishing my game.

“But yeah, it’s been great all week, super happy for the guys. Like I said all week, it’s been very, very easy leading them and being a captain for them.”

Molinari, the standout star of Europe’s 2018 Ryder Cup success, led from the front on Sunday, the Italian defeating fellow Open champion Shane Lowry 3&2 in the opening match, before GB and I counterpart Tommy Fleetwood put a point on the board for his team with a 3&2 victory against Thomas Pieters.

England’s Tyrrell Hatton then reeled off an impressive 5&4 win against Frenchman Antoine Rozner, only for Europe to answer back through Nicolai Hojgaard’s triumph on the last hole against Seamus Power.

Matt Wallace kept GB and I in it by seeing off Thomas Detry 2&1, together with Robert MacIntyre’s 5&3 success against Alex Noren. However, wins for Victor Perez – 4&2 over Jordan Smith — and Sepp Straka – 5&4 against Ewen Ferguson – left Meronk to hole a 30-foot putt on the last to clinch the cup.

Fleetwood, who famously partnered Molinari to four points from four at the 2018 Ryder Cup, could not extend his fond memories of the capital having twice won the Abu Dhabi HSBC Championship on the National Course.

However, the GB and I captain said: “We obviously came here to win and wanted to do it for each other. The first thing I said at the start of the week was, ‘Your teammates don’t remember if you play bad, miss a putt or lose a point’.

“But everybody remembers if you don’t give 100 per cent, and I couldn’t have asked for any more from anybody this week. It’s been an amazing experience for me, and I’ve loved playing with my teammates.

“But [Europe] clearly deserved it: they played the best golf and the winning team makes those moments count.”

The Hero Cup, which effectively replaces the Seve Trophy that ran between 2000 and 2013, has been introduced primarily to give potential European Ryder Cup players a taste of the format.

This week’s event was overseen by Luke Donald, the European captain for this year’s Ryder Cup, which takes place in Rome from September 29-October 1.

“It’s a great motivation for me,” Molinari said of making the team. “It’s a long way away and there's a lot of golf to play. I need to focus on my game, which is much better than it has been. Being in Rome would be incredible.”

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

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
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

Company%20profile
%3Cp%3EName%3A%20Cashew%0D%3Cbr%3EStarted%3A%202020%0D%3Cbr%3EFounders%3A%20Ibtissam%20Ouassif%20and%20Ammar%20Afif%0D%3Cbr%3EBased%3A%20Dubai%2C%20UAE%0D%3Cbr%3EIndustry%3A%20FinTech%0D%3Cbr%3EFunding%20size%3A%20%2410m%0D%3Cbr%3EInvestors%3A%20Mashreq%2C%20others%0D%3C%2Fp%3E%0A
RESULTS

Welterweight

Tohir Zhuraev (TJK) beat Mostafa Radi (PAL)

(Unanimous points decision)

Catchweight 75kg

Anas Siraj Mounir (MAR) beat Leandro Martins (BRA)

(Second round knockout)

Flyweight (female)

Manon Fiorot (FRA) beat Corinne Laframboise (CAN)

(RSC in third round)

Featherweight

Bogdan Kirilenko (UZB) beat Ahmed Al Darmaki

(Disqualification)

Lightweight

Izzedine Al Derabani (JOR) beat Rey Nacionales (PHI)

(Unanimous points)

Featherweight

Yousef Al Housani (UAE) beat Mohamed Fargan (IND)

(TKO first round)

Catchweight 69kg

Jung Han-gook (KOR) beat Max Lima (BRA)

(First round submission by foot-lock)

Catchweight 71kg

Usman Nurmogamedov (RUS) beat Jerry Kvarnstrom (FIN)

(TKO round 1).

Featherweight title (5 rounds)

Lee Do-gyeom (KOR) v Alexandru Chitoran (ROU)

(TKO round 1).

Lightweight title (5 rounds)

Bruno Machado (BRA) beat Mike Santiago (USA)

(RSC round 2).

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2A)
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.7-inch%20flexible%20Amoled%2C%202%2C412%20x%201%2C080%2C%20394ppi%2C%20120Hz%2C%20Corning%20Gorilla%20Glass%205%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20MediaTek%20Dimensity%207%2C200%20Pro%2C%204nm%2C%20octa-core%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F12GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20Android%2014%2C%20Nothing%20OS%202.5%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2050MP%20main%2C%20f%2F1.88%20%2B%2050MP%20ultra-wide%2C%20f%2F2.2%3B%20OIS%2C%20EIS%2C%20auto-focus%2C%20ultra%20XDR%2C%20night%20mode%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2030fps%2C%20full-HD%20%40%2060fps%3B%20slo-mo%20full-HD%20at%20120fps%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2032MP%20wide%2C%20f%2F2.2%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%205%2C000mAh%3B%2050%25%20in%2030%20minutes%20with%2045-watt%20charger%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Google%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Fingerprint%2C%20face%20unlock%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20USB-C%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP54%2C%20limited%20protection%20from%20water%2Fdust%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual-nano%20SIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Black%2C%20milk%2C%20white%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Nothing%20Phone%20(2a)%2C%20USB-C-to-USB-C%20cable%2C%20pre-applied%20screen%20protector%2C%20Sim%20tray%20ejector%20tool%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%20(UAE)%3A%3C%2Fstrong%3E%20Dh1%2C199%20(8GB%2F128GB)%20%2F%20Dh1%2C399%20(12GB%2F256GB)%3C%2Fp%3E%0A
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EDirect%20Debit%20System%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20Sept%202017%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20with%20a%20subsidiary%20in%20the%20UK%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Undisclosed%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Elaine%20Jones%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3C%2Fp%3E%0A
What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

In the Restaurant: Society in Four Courses
Christoph Ribbat
Translated by Jamie Searle Romanelli
Pushkin Press 

Updated: January 15, 2023, 1:16 PM