• DUBAI, UNITED ARAB EMIRATES - JANUARY 30: Rory McIlroy of Northern Ireland poses with the Hero Dubai Desert Classic trophy on the 18th green, following victory in the Final Round on Day Five of the Hero Dubai Desert Classic at Emirates Golf Club on January 30, 2023 in Dubai, United Arab Emirates. (Photo by Warren Little / Getty Images)
    DUBAI, UNITED ARAB EMIRATES - JANUARY 30: Rory McIlroy of Northern Ireland poses with the Hero Dubai Desert Classic trophy on the 18th green, following victory in the Final Round on Day Five of the Hero Dubai Desert Classic at Emirates Golf Club on January 30, 2023 in Dubai, United Arab Emirates. (Photo by Warren Little / Getty Images)
  • Rory McIlroy celebrates after his dramatic victory. Getty
    Rory McIlroy celebrates after his dramatic victory. Getty
  • Rory McIlroy with the Dallah trophy after winning the Dubai Desert Classic, beating Patrick Reed by one shot thanks to a birdie on the final hole. Getty
    Rory McIlroy with the Dallah trophy after winning the Dubai Desert Classic, beating Patrick Reed by one shot thanks to a birdie on the final hole. Getty
  • Rory McIlroy celebrates victory on the 18th hole. Getty
    Rory McIlroy celebrates victory on the 18th hole. Getty
  • Rory McIlroy alongside his Highness Sheikh Ahmed Bin Saeed Al Maktoum, left, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group. Getty
    Rory McIlroy alongside his Highness Sheikh Ahmed Bin Saeed Al Maktoum, left, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group. Getty
  • Rory McIlroy celebrates victory with caddie Harry Diamond. Getty
    Rory McIlroy celebrates victory with caddie Harry Diamond. Getty
  • Rory McIlroy tees off on the sixth hole. Getty
    Rory McIlroy tees off on the sixth hole. Getty
  • Patrick Reed tees-off on the 16th hole on his way to a final round 65 as the American finished one shot behind leader Rory McIlroy. Getty
    Patrick Reed tees-off on the 16th hole on his way to a final round 65 as the American finished one shot behind leader Rory McIlroy. Getty
  • Rory McIlroy plays his second shot on the 16th hole on his way to a final round 68, finishing 19-under par. Getty
    Rory McIlroy plays his second shot on the 16th hole on his way to a final round 68, finishing 19-under par. Getty
  • Patrick Reed lines-up a putt on the 14th green. Getty
    Patrick Reed lines-up a putt on the 14th green. Getty
  • Rory McIlro lines-up a putt on the ninth green. Getty
    Rory McIlro lines-up a putt on the ninth green. Getty
  • Patrick Reed tees-off on the first hole. AP
    Patrick Reed tees-off on the first hole. AP
  • Rory McIlroy plays a shot from a greenside bunker on the 14th hole. Getty
    Rory McIlroy plays a shot from a greenside bunker on the 14th hole. Getty
  • Patrick Reed tees-off on the eighth hole. Getty
    Patrick Reed tees-off on the eighth hole. Getty
  • Lucas Herbert of Australia on his way to a final round 66 as he finished three shots off the lead. Getty
    Lucas Herbert of Australia on his way to a final round 66 as he finished three shots off the lead. Getty
  • Julien Brun of France on his way to a final round 68 as he finished five shots behind winner Roy McIlroy.
    Julien Brun of France on his way to a final round 68 as he finished five shots behind winner Roy McIlroy.
  • Callum Shinkwin of England on his way to a final round 69 as he finished four shots behind winner Rory McIlroy. Getty
    Callum Shinkwin of England on his way to a final round 69 as he finished four shots behind winner Rory McIlroy. Getty
  • Thomas Pieters of Belgium on his way to a final round 69, six shots off the lead. Getty
    Thomas Pieters of Belgium on his way to a final round 69, six shots off the lead. Getty
  • Ian Poulter of England on his way to a final round 70, six shots off the lead. Getty
    Ian Poulter of England on his way to a final round 70, six shots off the lead. Getty

Dubai Desert Classic: Rory McIlroy proud of ‘mental strength’ after dramatic victory


John McAuley
  • English
  • Arabic

The one-shot win was made all the sweeter for the victor, given the tournament, the history – and the conquered.

“I'm going to enjoy this,” said Rory McIlroy, moments after the birdie on the 72nd and final hole at the Hero Dubai Desert Classic that clinched a record-equalling third Dallah Trophy. “This is probably sweeter than it should be, or needs to be.”

McIlroy did not spell it out, but the implication was obvious. The world No 1 had duked it out with Patrick Reed on a thrilling Monday at Emirates Golf Club, when the two traded spots at the top of the leader board throughout the back nine until McIlroy had the last laugh.

“I had to dig deep,” the 2009 and 2015 champion conceded after carding a four-under-par 68 for an unassailable 19-under total.

Boy, how he did. The week in Dubai began with Reed tossing a tee in irritation at McIlroy on the range, off the back of a 2022 in which the American signed for LIV Golf and the Northern Irishman became the voice of the traditional tours.

It concluded with McIlroy needing birdie on 18 to see off the person billed across the rain-affected event as his nemesis.

“Mentally today was probably one of the toughest rounds I've ever had to play,” the four-time major champion admitted. “Because it would be really easy to let your emotions get in the way.

“I just had to really concentrate on focusing on myself; forget who was up there on the leaderboard. And I did that really, really well. I feel like I showed a lot of mental strength out there today.”

He overcame perhaps a mental block, too. For the first time in a career comparable to few, McIlroy won his opening tournament of a calendar year. He had started the Classic’s first competitive Monday with a three-shot lead, but by the 10th Reed, playing in the penultimate group, had pulled level with an eagle that was very nearly an albatross.

From there, the two took turns at the summit, only for McIlroy’s first bogey of the day, on the par-3 15th, to threaten his quest for silverware.

However, Reed promptly bogeyed the next, leaving McIlroy to birdie 17 to hold a one-shot advantage going down the last.

When Reed sunk a putt up ahead for four for a seven-under-par 65 that hoisted him alongside McIlroy on 18-under, it left the game’s lead player needing birdie or better to prevail.

McIlroy’s drive nestled right on the water’s edge that lurked just beyond the fairway. Left with 196 yards to the pin, and with memories of finding the water 12 months ago – back then he let slip a shot at winning – and again in Sunday’s third round, McIlroy elected instead to lay up.

It proved unquestionably the right decision.

“Honestly, I feel like I got lucky that my ball didn't go in the water off the tee shot,” he said. “It's such an awkward tee shot for me. Driver is too much, and 3-wood is not quite enough.

“Tried to hit a sort of easy driver and it came out really, really hot … [then] I really only had one choice. I needed to lay up and try to get up-and-down that way.

“I said yesterday with the two balls in the water on Sunday, last year and then yesterday, ‘Fool me once, shame on me and fool me twice, I wasn't going to get fooled a third time’.

“It was nice to be able to play the percentages and make it pay off.”

Not that getting paid is what drives him any more – if it ever did – but the 15-foot birdie putt banked McIlroy a cool $1.53 million. It represented also his first victory on the DP World Tour's elevated Rolex Series.

“It means a lot,” McIlroy said. “It's funny: [caddie] Harry [Diamond] said to me, ‘Finally we get a gold bib’. Obviously, I haven't won one of these big ones before.

“It was a battle all day. Honestly, it's been a battle all week. I think the most satisfying thing to me is I haven't had my best – far from it – and to be able to win when you don't have your best, that's the holy grail of what we're trying to do.

“Just ecstatic that I gave myself an opportunity the first week back out. I definitely feel there's tons of room for improvement, but it's a great start to the year.”

The reaction on 18 once the decisive putt dropped exemplified that.

“Yeah, big release,” said McIlroy, who in his past seven events has gone a remarkable win-second-fourth-fourth-win-fourth-win. “Again, I had to bottle everything up today, and then was finally able to let it all out on the 18th green.

“I've already had so many wonderful memories around this golf course [the Classic was his first win as a professional] and Dubai in general, so to create some more today, it's just really cool.

“Dubai has been a big part of my career and my journey, and to put my name on this trophy for a third time today, to join Ernie Els, is a pretty cool feeling.”

The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

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

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 
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
  • Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
  • National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
  • In April 2021, Hayah Insurance unveiled a workplace savings plan to help UAE employees save for their retirement.
  • Lunate, an Abu Dhabi-based investment manager, has launched a fund that will allow UAE private companies to offer employees investment returns on end-of-service benefits.
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Jetour T1 specs

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Panipat

Director Ashutosh Gowariker

Produced Ashutosh Gowariker, Rohit Shelatkar, Reliance Entertainment

Cast Arjun Kapoor, Sanjay Dutt, Kriti Sanon, Mohnish Behl, Padmini Kolhapure, Zeenat Aman

Rating 3 /stars

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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Maestro
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PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The specs

Engine 60kwh FWD

Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry

Power 204hp Torque 360Nm

Price, base / as tested Dh174,500 

Our legal advisor

Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.

Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation. 

Education: Sagesse University, Beirut, Lebanon, in 2005.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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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Personalities on the Plate: The Lives and Minds of Animals We Eat

Barbara J King, University of Chicago Press 

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

While you're here
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

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The specs

A4 35 TFSI

Engine: 2.0-litre, four-cylinder

Transmission: seven-speed S-tronic automatic

Power: 150bhp

Torque: 270Nm

Price: Dh150,000 (estimate)

On sale: First Q 2020

A4 S4 TDI

Engine: 3.0-litre V6 turbo diesel

Transmission: eight-speed PDK automatic

Power: 350bhp

Torque: 700Nm

Price: Dh165,000 (estimate)

On sale: First Q 2020

Updated: January 31, 2023, 4:34 AM