Italy head coach Antonio Conte on the sidelines against Germany. (REUTERS/Christian Hartmann)
Italy head coach Antonio Conte on the sidelines against Germany. (REUTERS/Christian Hartmann)
Italy head coach Antonio Conte on the sidelines against Germany. (REUTERS/Christian Hartmann)
Italy head coach Antonio Conte on the sidelines against Germany. (REUTERS/Christian Hartmann)

Italy’s loss is Chelsea’s gain: Why Antonio Conte will light up the Premier League


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After 120 minutes of football and 17 penalties in the shoot-out, Germany’s pulsating last-eight tie with Italy was decided by the finest of margins.

Gianluigi Buffon once again guessed correctly, diving to his left and getting close to Jonas Hector’s spot-kick – the 18th of the night after extra time could not separate the two sides – but the ball squirmed under his body and into the back of the net. Germany were through, Italy were out and Buffon was in tears.

It feels strange to reflect on an Italian outfit exiting a major tournament at the quarter-final stage with positivity. The nation that has won four World Cups and a European Championship is used to progressing to the latter rounds of international competitions, and falling short at this stage has often been met with criticism and condemnation from supporters and the media back home.

• More: Germany finally breaks Italy curse | Conquering Iceland

Things are different this time. Before the big kick-off last month, Antonio Conte’s 23-man selection was widely labelled the worst squad Italy had taken to a tournament in half a century, with many raising concerns that they might even struggle to finish in the top two in Group E. Expectations were low and embarrassment was seen as a genuine possibility.

The fans need not have worried. While Italy may have lacked star names on the pitch, the man guiding them on the touchline is among the best in the world. Conte created a national team that played like a club side, with every player fully aware of his role, his responsibilities and the overriding game plan.

A terrific 2-0 victory over much-fancied Belgium in their opening encounter set the tone perfectly. Italy were calm and patient, content to allow their opponents possession before springing forward on the counter-attack to exploit the gaps that were left behind.

They pressed high at times, hounding and harrying the man with the ball, but were equally happy to sit deeper and defend in their own box. In many ways, Italy were the polar opposite of Belgium: clinical, coherent, well drilled and clear in what they were doing.

A 1-0 win over Sweden and 1-0 defeat by the Republic of Ireland followed – Conte rested a number of key men in the latter game given that Italy had already secured top spot in the group – before a testing tie with Spain in the round of 16. The Italians had performed admirably up to that point, but many opined that the holders’ extra quality would see them through.

Once again, though, Italy upset the odds as Spain were blown away by their energy, commitment and quality. Conte masterminded the victory, outwitting Vicente del Bosque with a tactical approach that was perfect in both its conception and execution.

And so it was Germany who awaited in the quarter-finals, the country that had failed to beat Italy at a tournament in eight previous attempts. That run was technically extended following a 1-1 draw in Bordeaux, but after a chaotic penalty shoot-out it is the world champions who progress to take on either France or Iceland in the last four on Thursday.

It was probably a fair outcome based on the match in its entirety, with Germany taking control in the second half after struggling to create chances in the first. Italy were typically stubborn and dogged throughout, however, and deserve immense credit given the contrasting level of individual talent within the two teams’ ranks.

Conte sounded a little regretful to be leaving the job in his post-match press conference, with Chelsea and the Premier League set to benefit from his presence in the 2016/17 campaign.

He leaves behind the rarest of things: an Italian team that overachieved by reaching the quarter-finals of a major tournament and can be satisfied with their efforts throughout the competition. If Conte’s successor, Giampiero Ventura, is able to retain the qualities left behind and build on the strong foundations laid down, Italy will come again at the World Cup in Russia in two years’ time.

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Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

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Drivers in Abu Dhabi spend 10 per cent longer in congested conditions than they would on a free-flowing road

The highest volume of traffic on the roads is found between 7am and 8am on a Sunday.

Travelling before 7am on a Sunday could save up to four hours per year on a 30-minute commute.

The day was the least congestion in Abu Dhabi in 2019 was Tuesday, August 13.

The highest levels of traffic were found on Sunday, November 10.

Drivers in Abu Dhabi lost 41 hours spent in traffic jams in rush hour during 2019

 

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Price, base / as tested: Dh263,235 / Dh420,000

Engine: 3.0-litre supercharged V6

Power 375hp @ 6,500rpm

Torque: 450Nm @ 3,500rpm

Transmission: Eight-speed automatic

Fuel consumption, combined: 9.4L / 100kms

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  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
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Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Rating: 4/5

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Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

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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

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Rating: 1/5

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