• Karsten Warholm of Norway reacts after winning the gold medal in the Men's 400m Hurdles Final during the Tokyo 2020 Olympic Games at Olympic Stadium in Tokyo.
    Karsten Warholm of Norway reacts after winning the gold medal in the Men's 400m Hurdles Final during the Tokyo 2020 Olympic Games at Olympic Stadium in Tokyo.
  • Karsten Warholm of Norway competes in the men's 400-meter hurdles final.
    Karsten Warholm of Norway competes in the men's 400-meter hurdles final.
  • Karsten Warholm of Norway reacts after winning the gold medal.
    Karsten Warholm of Norway reacts after winning the gold medal.
  • Karsten Warholm of Norway and Rai Benjamin of the USA compete in the men's 400m hurdles final.
    Karsten Warholm of Norway and Rai Benjamin of the USA compete in the men's 400m hurdles final.
  • Karsten Warholm of Norway, Rai Benjamin of the USA and Alison Dos Santos of Brazil compete in the men's 400m hurdles final.
    Karsten Warholm of Norway, Rai Benjamin of the USA and Alison Dos Santos of Brazil compete in the men's 400m hurdles final.
  • Karsten Warholm of Norway.
    Karsten Warholm of Norway.
  • Karsten Warholm of Norway poses next to scoreboard showing his new world record time after winning the gold medal in the Men's 400m Hurdles Final.
    Karsten Warholm of Norway poses next to scoreboard showing his new world record time after winning the gold medal in the Men's 400m Hurdles Final.
  • Karsten Warholm of Norway crosses the finish line in first place.
    Karsten Warholm of Norway crosses the finish line in first place.
  • Karsten Warholm of Norway leads Rai Benjamin of the US down the home straight.
    Karsten Warholm of Norway leads Rai Benjamin of the US down the home straight.
  • Winner Karsten Warholm f Norway is congratulated by third placed Alison dos Santos of Brazil.
    Winner Karsten Warholm f Norway is congratulated by third placed Alison dos Santos of Brazil.
  • Karsten Warholm of Norway and Rai Benjamin of the US approach the finish line.
    Karsten Warholm of Norway and Rai Benjamin of the US approach the finish line.
  • Karsten Warholm of Norway celebrates after winning the Men's 400m Hurdles final.
    Karsten Warholm of Norway celebrates after winning the Men's 400m Hurdles final.
  • Karsten Warholm of Norway celebrates.
    Karsten Warholm of Norway celebrates.
  • Norway's Karsten Warholm crosses the finish line to win and break the world record ahead of second-placed USA's Rai Benjamin in the men's 400m hurdles final.
    Norway's Karsten Warholm crosses the finish line to win and break the world record ahead of second-placed USA's Rai Benjamin in the men's 400m hurdles final.

Karsten Warholm destroys world record to win 400m hurdles Olympic gold


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A world record had been predicted but Norway's Karsten Warholm had to utterly destroy it to hold off American Rai Benjamin and take gold on Tuesday in the men's 400 metres hurdles, in what will go down as one of the all-time great Olympic races.

Last month, Warholm broke Kevin Young's 29-year world mark with a time of 46.70 seconds but he blew his own record away with an astonishing 45.94 run. Benjamin pushed him all the way to take silver in 46.17, also half a second inside the old record.

Brazilian Alison dos Santos, 21, took bronze in 46.72, also inside Young's previous best, as six of the first seven finishers set national or continental records.

"You know the cliché that it hasn't sunk in yet? I don't think it has, but I feel ecstatic," Warholm said.

"I can't believe the time, it's so fast. A lot of the time I am asked about the perfect race. I said it didn't exist but this is the closest I've ever come.

"I told myself going in to the race, remember all the work you have put in. It was the only thing missing from my [medal] collection. I can't describe how important this is for me. This is what I do morning until night, it's huge."

The new carbon-technology shoes may be contributing to the rash of blazing times being seen in Tokyo but even if they had been running barefoot, the two great rivals would have put on a show to remember.

Double world champion Warholm runs every race as if he is trying to break the world record and on home soil in Oslo last month he finally got Young's 1992 Barcelona Olympics mark off the books - and seemingly a weight off his shoulders.

With Benjamin posting 46.83 in the U.S. trials, the record was widely expected to be broken in Tokyo, but nobody could have predicted the massive bites both men took.

In perfect conditions, the two 25-year-olds hurdled beautifully and were side-by-side coming into the final straight, only for Warholm to forge clear.

Eyes bulging at the world record time flashed up on the big screen, Warholm roared and spontaneously ripped open his shirt amid gasps from sparse pockets of fellow athletes and team officials at a stadium empty of spectators because of coronavirus rules.

There were national records for British Virgin Islands' Kyron McMaster in fourth, Turkey's Cuban-born 2017 world silver medallist Yasmani Copello in sixth and Estonian Rasmus Magi in seventh.

Qatar's 2019 world bronze medallist Abderrahman Samba, one of the four runners to have dipped under 47 seconds in his career, was fifth in a season's best of 47.12.

Warholm described his gold medal as defining everything he does.

"I dream about it like a maniac," he said. "I sleep all night on it. I spend all my time thinking about this, so just getting this last medal into my collection, it's complete."

Warholm added: "I didn't touch one hurdle. I was even able to find another gear coming home, so 'wow'. It's just so big. It's almost like history here.

"The Olympic gold medal is what everybody talks about. I knew this race was going to be the toughest of my life, but I was ready."

Benjamin said the race even topped the 100m final at the 2009 world championships in Berlin, at which Usain Bolt set a new 100m record of 9.58sec.

"That was the best race in Olympic history," he said. "I don't even think Usain Bolt's 9.5 topped that. Three guys pretty much broke the world record. 45.9 man, 46.1 and lost.

"If you told me I'd run 46.1 and lose I'd probably beat you up and tell you to get out of my room!"

Benjamin added that Warholm was "amazing". "You can't be mad at that at all. As a competitor it hurts a lot, but that's just the nature of the sport."

The biog

Favourite Emirati dish: Fish machboos

Favourite spice: Cumin

Family: mother, three sisters, three brothers and a two-year-old daughter

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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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

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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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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

What is the Supreme Petroleum Council?

The Abu Dhabi Supreme Petroleum Council was established in 1988 and is the highest governing body in Abu Dhabi’s oil and gas industry. The council formulates, oversees and executes the emirate’s petroleum-related policies. It also approves the allocation of capital spending across state-owned Adnoc’s upstream, downstream and midstream operations and functions as the company’s board of directors. The SPC’s mandate is also required for auctioning oil and gas concessions in Abu Dhabi and for awarding blocks to international oil companies. The council is chaired by Sheikh Khalifa, the President and Ruler of Abu Dhabi while Sheikh Mohamed bin Zayed, Abu Dhabi’s Crown Prince and Deputy Supreme Commander of the Armed Forces, is the vice chairman.

Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

Profile Box

Company/date started: 2015

Founder/CEO: Mohammed Toraif

Based: Manama, Bahrain

Sector: Sales, Technology, Conservation

Size: (employees/revenue) 4/ 5,000 downloads

Stage: 1 ($100,000)

Investors: Two first-round investors including, 500 Startups, Fawaz Al Gosaibi Holding (Saudi Arabia)

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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Updated: August 03, 2021, 7:46 AM