Memphis Depay acknowledges the crowd at his final home match for PSV Eindhoven last Sunday. Ronald Bonestroo / EPA / May 10, 2015
Memphis Depay acknowledges the crowd at his final home match for PSV Eindhoven last Sunday. Ronald Bonestroo / EPA / May 10, 2015
Memphis Depay acknowledges the crowd at his final home match for PSV Eindhoven last Sunday. Ronald Bonestroo / EPA / May 10, 2015
Memphis Depay acknowledges the crowd at his final home match for PSV Eindhoven last Sunday. Ronald Bonestroo / EPA / May 10, 2015

‘It is tattooed on my chest’ to dream – and succeed – for Memphis Depay at Manchester United


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Manchester United's new signing Memphis Depay declared on Wednesday that his ambition is to become the best player in the world during his time at Old Trafford.

The 21-year-old Netherlands forward agreed to join Man United from Dutch champions PSV Eindhoven last week in a deal reportedly worth around £25 million (Dh144.6m).

Depay, who has scored 25 goals this season, has the words “Dream Chaser” tattooed on his chest and said that it was his dream to emulate superstars like Lionel Messi and Cristiano Ronaldo.

“‘Dream Chaser’ stands for me chasing my dreams,” Depay told reporters during a sponsor’s event in London.

“I believe I can be one of the best players in the world and I have to dream and believe to achieve. It is tattooed on my chest. You just have to work every day on your dreams.

“My dreams started with going to the World Cup and then when I was there, I scored two goals – becoming the youngest ever Dutch goal-scorer (at a World Cup) – and I was very happy.

“But when the World Cup was finished, I realised that was not it. I had to take more onto the pitch. There was more to do.

“So after the World Cup in pre-season I spoke to my manager and said I have to keep focused. Scoring in the World Cup was good, but not the end of it. Now I am on fire.”

Depay’s international teammate Leroy Fer has compared him to Ronaldo, who became a crowd favourite during his six-year spell at Old Trafford, but the United new boy knows he is not on a par with the Portuguese yet.

“I heard Leroy Fer speak about it and it is great to hear that from other players,” Depay said. “If you read it in the media, it is great, but I am 21 and I have not reached the level of Cristiano Ronaldo.

“He is a big hero for me and one day I hope to reach that level. He scores so many goals and I want to fight to be one of the best players in the world.”

The move to Manchester and the Premier League, which is subject to a medical examination, will reunite Depay with United manager Louis van Gaal, who awarded him his first international cap in October 2013.

“He is different,” Depay said of the former Netherlands coach. “His performance on the training ground is different from other trainers.

“It will be great to have an opportunity to train with him and work with him. Of course I am looking forward.”

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England squad

Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood

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The specs

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Transmission: seven-speed auto

Power: 420 bhp

Torque: 624Nm

Price: from Dh293,200

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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

Nayanthara: Beyond The Fairy Tale

Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni

Director: Amith Krishnan

Rating: 3.5/5

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

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

RESULTS

Bantamweight title:
Vinicius de Oliveira (BRA) bt Xavier Alaoui (MAR)
(KO round 2)
Catchweight 68kg:
Sean Soriano (USA) bt Noad Lahat (ISR)
(TKO round 1)
Middleweight:
Denis Tiuliulin (RUS) bt Juscelino Ferreira (BRA)
(TKO round 1)
Lightweight:
Anas Siraj Mounir (MAR) bt Joachim Tollefsen (DEN)
(Unanimous decision)
Catchweight 68kg:
Austin Arnett (USA) bt Daniel Vega (MEX)
(TKO round 3)
Lightweight:
Carrington Banks (USA) bt Marcio Andrade (BRA)
(Unanimous decision)
Catchweight 58kg:
Corinne Laframboise (CAN) bt Malin Hermansson (SWE)
(Submission round 2)
Bantamweight:
Jalal Al Daaja (CAN) bt Juares Dea (CMR)
(Split decision)
Middleweight:
Mohamad Osseili (LEB) bt Ivan Slynko (UKR)
(TKO round 1)
Featherweight:
Tarun Grigoryan (ARM) bt Islam Makhamadjanov (UZB)
(Unanimous decision)
Catchweight 54kg:
Mariagiovanna Vai (ITA) bt Daniella Shutov (ISR)
(Submission round 1)
Middleweight:
Joan Arastey (ESP) bt Omran Chaaban (LEB)
(Unanimous decision)
Welterweight:
Bruno Carvalho (POR) bt Souhil Tahiri (ALG)
(TKO)

Company%20profile
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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

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now