• Winner Noah Lyles celebrates after the Men's 100m final during during the Diamond League London Athletics in London, England, Saturday, July 20, 2024. AP
    Winner Noah Lyles celebrates after the Men's 100m final during during the Diamond League London Athletics in London, England, Saturday, July 20, 2024. AP
  • From left: Louie Hinchliffe, winner Noah Lyles, Letsile Tebogo, Zharnel Hughes and Jeremiah Azu. AP
    From left: Louie Hinchliffe, winner Noah Lyles, Letsile Tebogo, Zharnel Hughes and Jeremiah Azu. AP
  • Winner Noah Lyles, second from left, takes the line in London. PA
    Winner Noah Lyles, second from left, takes the line in London. PA
  • Winner Noah Lyles, centre, competes in the men's 100m. PA
    Winner Noah Lyles, centre, competes in the men's 100m. PA
  • US sprinter Noah Lyles, left, during his win. EPA
    US sprinter Noah Lyles, left, during his win. EPA
  • Matthew Hudson-Smith, centre, of Great Britain on his way to win the men's 400m. PA
    Matthew Hudson-Smith, centre, of Great Britain on his way to win the men's 400m. PA
  • Matthew Hudson-Smith of Great Britain. PA
    Matthew Hudson-Smith of Great Britain. PA
  • Matthew Hudson-Smith of Great Britain celebrates. PA
    Matthew Hudson-Smith of Great Britain celebrates. PA
  • Britain's winner Keely Hodgkinson, centre, poses for a picture with Georgia Bell, left, and Jemma Reekie after the women's 800m. PA
    Britain's winner Keely Hodgkinson, centre, poses for a picture with Georgia Bell, left, and Jemma Reekie after the women's 800m. PA
  • Keely Hodgkinson of Great Britain celebrates winning the women's 800m. Getty Images
    Keely Hodgkinson of Great Britain celebrates winning the women's 800m. Getty Images

Noah Lyles sends message to Olympics 100m rivals with personal best in London


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Noah Lyles warmed up for his Olympic 100 metres gold medal bid in impressive fashion on Saturday as the American world champion ran a personal best of 9.81 seconds at a Diamond League meeting in London.

Lyles, probably the biggest name in athletics, delivered in the final race of the day in front of a sellout crowd of 60,000, easily the largest on the Diamond League circuit, shaving two hundredths off his best.

South African Akani Simbini took second in 9.86s while Letsile Tebogo was third in 9.88s as the first five across the line all broke 10 seconds.

"That was fun," Lyles told the BBC. "I could have had a better start. The transitions were great and coming away with a PB. I wanted a faster time but I had the wind. After building my confidence and getting through 2021, this has been what I prayed for and what I wanted."

Asked about his aims for Paris, he added: "I'm going to win, it's what I always do. I'm getting faster every week."

Kishane Thompson, a rising star of Jamaican athletics and the fastest man in the world this year after clocking 9.77s in the national trials, was absent at the London Stadium.

In the women's 200m American Gabby Thomas produced a late surge to beat Julien Alfred of St Lucia in a thrilling finish. Thomas clocked 21.82s seconds, carrying Alfred to a personal best of 21.86s before edging her out on the line.

Keely Hodgkinson delivered a big statement that she is the woman to beat in the 800m in Paris when she took more than half a second off her own British women's record with a dominant 1:54.61 victory in a British 1-2-3.

Still only 22, Tokyo silver medallist Hodgkinson is favourite for Olympic gold after Athing Mu failed to qualify following a fall in the US trials.

Hodgkinson was already the only athlete to go under 1.56.00 this year and was joined by compatriot Jemma Reekie (1:55.61), who edged Georgia Bell (1:56.28), both with personal bests, in the second and third fastest times in the world.

Another home athlete stepped up in the men's 400m as Matthew Hudson-Smith stormed home in a spectacular 43.74s - a European record and world lead.

A year ago at this meeting Hudson-Smith left the track in a wheelchair after tearing his Achilles. He recovered to take silver in last year’s world championships and now, as the 12th fastest man in history, is a serious contender to become the first British winner of the event at the Olympics since Eric Liddell 100 years ago.

Hudson-Smith said: "It was an amazing crowd, it's always good to perform in front of them and it's a great send off. It's a long time coming and I'm actually healthy. Now I'm putting in a lot of work. The proof is in the pudding. I'm excited.

"One of the biggest changes is that I'm doing a lot of gym, which I actually hate. It's hard but it's showing benefits. I'm showing I'm more of an overall athlete rather than just keeping fit.

"I'm an overall better athlete and better person. I'm taking more control of myself. I'm on salads now."

Jamaica's Nickisha Pryce also looked in good form when running a world-leading time of 48.57s to win the women’s 400m.

Femke Bol of the Netherlands easily won the women's 400-metre hurdles in 51.30s, cementing her status as another gold-medal contender in Paris.

The 24-year-old world champion, who won bronze in Tokyo, dominated the race from the start, with Shamier Little finishing second in 52.78s, a season's best for the US athlete.

In the men’s version, Brazil’s Tokyo bronze medallist and former world champion Alison dos Santos won in 47.18s.

Italy's Leonardo Fabbri caused a surprise in the shot put, throwing 22.52 metres to beat Ryan Crouser of the U.S., who had been talking up his chances of breaking his own record at the last competition before the Olympics open on Friday.

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Director: Jamal Salem

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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

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Rashid & Rajab

Director: Mohammed Saeed Harib

Stars: Shadi Alfons,  Marwan Abdullah, Doaa Mostafa Ragab 

Two stars out of five 

Updated: July 20, 2024, 3:51 PM