Pyledriver, ridden by jockey Martin Dwyer, on August 19, 2020. PA
Pyledriver, ridden by jockey Martin Dwyer, on August 19, 2020. PA
Pyledriver, ridden by jockey Martin Dwyer, on August 19, 2020. PA
Pyledriver, ridden by jockey Martin Dwyer, on August 19, 2020. PA

Muir 'confident' Pyledriver can put pressure on Dubai Sheema Classic rivals


Steve Luckings
  • English
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William Muir is confident Coronation Cup winner Pyledriver can put a disappointing run at the Saudi Cup behind him and produce a winning performance in the Dubai Sheema Classic on Saturday.

The five-year-old disappointed on his most recent start when down the field at last month’s Saudi Cup meeting in Riyadh, but Muir has been pleased with what he’s seen from the son of Harbour Watch since touching down in Dubai.

“Pyledriver travelled over well and he’s been training well over here," trainer Muir said.

"His last run was disappointing for all of us as we’d gone to Saudi with big hopes as he was in great shape, but we’ve put a line through it as we were drawn on the wide outside that day and we just could not get in and get himself sorted."

Pyledriver has been drawn in Gate 1 for the $6 million Group 1 Sheema Classic over a mile-and-a-half on Dubai World Cup night with organisers expecting a packed house at Meydan.

"He’s very good in himself and he’s better than he was in Hong Kong. Glory Vase was a very good winner and he’s only just got us in the last 100 yards.

“I think we’ll run well up to that form and Glory Vase is well fancied. It’s a very strong race, but I’m very confident about my horse."

Frankie Dettori will be in the saddle at the weekend after regular rider Martin Dwyer suffered an injury in the UK last week.

"Martin is sore and he realised quite quickly that he had to be professional and say he wouldn’t be able to ride him," Muir said.

“He contacted Frankie for me and spoke to him, they’re good pals so he sorted everything out. I think he’s disappointed though, as you look forward to these days.”

Horses take morning gallop around Meydan

  • Dubai World Cup favourite Life Is Good gallops in the morning track work at Meydan Racecourse. AP Photo
    Dubai World Cup favourite Life Is Good gallops in the morning track work at Meydan Racecourse. AP Photo
  • Life Is Good walks to the morning track work at Meydan Racecourse in Dubai. AP
    Life Is Good walks to the morning track work at Meydan Racecourse in Dubai. AP
  • Dubai World Cup favourite Life Is Good gallops in the morning track work at Meydan Racecourse. AP Photo
    Dubai World Cup favourite Life Is Good gallops in the morning track work at Meydan Racecourse. AP Photo
  • Japan's UAE Derby contender Combustion gallops at Meydan Racecourse in Dubai. AP Photo
    Japan's UAE Derby contender Combustion gallops at Meydan Racecourse in Dubai. AP Photo
  • Dubai World Cup contender Hot Rod Charlie gallops at Meydan. AP Photo
    Dubai World Cup contender Hot Rod Charlie gallops at Meydan. AP Photo
  • Strongconstitution, left, and Al Quoz Sprint contender Get Smokin walk to the track. AP Photo
    Strongconstitution, left, and Al Quoz Sprint contender Get Smokin walk to the track. AP Photo
  • Dubai Turf contender Lord Glitters. AP Photo
    Dubai Turf contender Lord Glitters. AP Photo
  • Dubai World Cup contender Hot Rod Charlie during morning track work at Meydan Racecourse. AP Photo
    Dubai World Cup contender Hot Rod Charlie during morning track work at Meydan Racecourse. AP Photo
  • Dubai World Cup contender Hot Rod Charlie, left, walks next to an outrider pony. AP Photo
    Dubai World Cup contender Hot Rod Charlie, left, walks next to an outrider pony. AP Photo
  • Dubai Turf contender Lord Glitters warms up ahead of the morning track work at Meydan. AP Photo
    Dubai Turf contender Lord Glitters warms up ahead of the morning track work at Meydan. AP Photo
  • Dubai Gold Cup contender Alignak. AP Photo
    Dubai Gold Cup contender Alignak. AP Photo
  • Japan's Dubai Turf hopeful Panthalassa gallops at Meydan Racecourse in Dubai. AP Photo
    Japan's Dubai Turf hopeful Panthalassa gallops at Meydan Racecourse in Dubai. AP Photo
  • Japan's Godolphin Mile contender Bathrat Leon, left, walks with Dubai Turf hopeful Panthalassa. AP Photo
    Japan's Godolphin Mile contender Bathrat Leon, left, walks with Dubai Turf hopeful Panthalassa. AP Photo
  • Japan's Al Quoz Sprint contender Entscheiden. AP Photo
    Japan's Al Quoz Sprint contender Entscheiden. AP Photo
  • Japan's Sheema Classic contender Shahryar. AP Photo
    Japan's Sheema Classic contender Shahryar. AP Photo

While the focus for Saturday's Dubnai Sheema Classic may centre on some of the top Japanese chances and Yibir, Godolphin’s Breeders’ Cup Turf winner, Shadwell Stable’s racing manager Angus Gold has warned rivals not to discount the prospects of Hukum.

"I don't want to jeopardise anything but I think he's doing as well as we could want him to be at the moment," Gold said.

"I saw him have an exercise on the training track this morning and he looks very bright and well and happy in himself. He moved very well and his jockey Jim Crowley was very happy with him, so it's so far so good.

"It's a hell of a race on Saturday and it's obviously very much his stiffest test yet. He's done nothing wrong for us though and deserves to have a crack at it. He's been very consistent at a lesser level than this and now he's got to step up a level and take on the big boys."

UAE currency: the story behind the money in your pockets
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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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Range: 400km

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Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

THE SPECS

Range Rover Sport Autobiography Dynamic

Engine: 5.0-litre supercharged V8

Transmission: six-speed manual

Power: 518bhp

Torque: 625Nm

Speed: 0-100kmh 5.3 seconds

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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

ICC T20 Rankings

1. India - 270 ranking points

 

2. England - 265 points

 

3. Pakistan - 261 points

 

4. South Africa - 253 points

 

5. Australia - 251 points 

 

6. New Zealand - 250 points

 

7. West Indies - 240 points

 

8. Bangladesh - 233 points

 

9. Sri Lanka - 230 points

 

10. Afghanistan - 226 points

 
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10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
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  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
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  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

If you go

The Flights

Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.

The trip

Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.

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Engine: 4.0-litre V8 twin-turbocharged and three electric motors

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Transmission: 8-speed dual-clutch automatic

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Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Tips to keep your car cool
  • Place a sun reflector in your windshield when not driving
  • Park in shaded or covered areas
  • Add tint to windows
  • Wrap your car to change the exterior colour
  • Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
  • Avoid leather interiors as these absorb more heat

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Transmission: eight-speed automatic

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The%20specs
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Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Updated: March 24, 2022, 9:13 AM