Manny Pacquiao and Shane Mosley are in talks about a May 7 fight.
Manny Pacquiao and Shane Mosley are in talks about a May 7 fight.
Manny Pacquiao and Shane Mosley are in talks about a May 7 fight.
Manny Pacquiao and Shane Mosley are in talks about a May 7 fight.

Mosley squares up for May 7 bout with Pacquiao


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"Sugar" Shane Mosley, a former world champion in three weight classes, has told the Los Angeles Times his advisor was to meet with Manny Pacquiao promoter Bob Arum about a May 7 fight.

Hours after sending a Twitter message about a Pacquiao fight that said "the ink hasn't dried yet but it's pretty much a go", Mosley said prior discussions set the ground for finalising a deal quickly, the newspaper reported Monday.

"We've already discussed the fight about three, four weeks ago, so now we'll go over it again," Mosley told the Times. "Both sides just need to commit to what we've talked about and then I think we're done."

Mosley said his advisor, James Prince, would "go over the particulars and maybe sign" a deal to fight Pacquaio, who turned 32 three days ago.

Mosley, a 39-year-old American, is 46-6 with one draw and 39 knockouts while Filipino superstar Pacquiao is 52-3 with two draws and 38 knockouts.

"Pac-Man" has won 13 fights in a row, the southpaw having not lost in nearly six years in a span that has seen him dispatch such stars as Oscar de la Hoya, Ricky Hatton, Antonio Margarito, Miguel Cotto and Juan Manuel Marquez.

Mosley, however, has lost twice and struggled to a draw in his past five fights, falling to Puerto Rico's Cotto in 2007 and unbeaten Floyd Mayweather Jnr last May before being drawn by American Sergio Mora last September.

Mayweather has twice failed to come to terms on a fight deal with Pacquiao for the megafight showdown fans have desired and Mayweather now faces legal charges over two incidents in Las Vegas set to go to court early next year.

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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