The next 12 months promise to be extremely busy for Sheikh Khalid Al Qassimi.
Racing in the World Rally Championship [WRC], the Middle East Championship [MERC] and trying to work on finding the next generation of Middle East rally drivers in his role as chairman of Abu Dhabi Racing [ADR] is the itinerary facing the Emirati.
It is a hectic schedule, but one he is relishing as he and Abu Dhabi prepare to make their return to the WRC and competitive rallying after a year away from the sport.
He had last competed in the series in 2011, before his and ADR's partnership with the Ford Rally team came to an end and he took 12 months out to recharge his batteries from the physical demands of rallying on challenging terrains across the globe.
But he is back on the entry list as ADR have signed a three-year deal to work with the Citroen WRC team, and the Citroen DS3 car that the team will enter in the 2013 championship was unveiled for the first time yesterday at the Monte Carlo Beach Club on Saadiyat Island.
It was a fitting location, given that the opening round of next season, where the Citroen Total Abu Dhabi World Rally Team will make their competitive bow, is in Monte Carlo next month.
But Sheikh Khalid, who is committed to driving in at least eight of the 13 rounds of next season's WRC season campaign with co-driver Scott Martin, is under no illusions about what the real objective of the link up that will see the Abu Dhabi name branded on the Citroen cars.
"When you are with the right team trying to achieve the biggest goal, you also have to think of the right thing for the long term," he said.
"That is for us how to create and to find Emirati talent and that was the most important part of the deal."
Part of that will entail Sheikh Khalid, along with other members of the ADR board, assessing prospective rally drivers in the coming months, giving them training and testing opportunities, with the idea being to help plan a route forward for them to enter the sport competitively in the future.
"When I am not driving sometime I will be in the office to do the right job to help the sport in the country," he adds.
Another big plus point of the arrangement for Sheikh Khalid is that he will be given full support by Citroen to tackle all seven rounds of next year's MERC calendar, the first time in the history of the series that a works WRC team have taken part and run a car in it.
Sheikh Khalid, who won the championship in 2004, is realistic on his expectations, despite the Citroen team having won the past nine drivers' WRC titles through Sebastien Loeb, and eight of the past 10 constructors' championships.
He said: "I want to win the Middle East [Championship], but I do not want to put pressure on Citroen because it will be their first time in the championship, they need to adapt and learn the terrain, but I think that we can do something good."
Sheikh Khalid's full WRC schedule is yet to be confirmed, but he will drive a Abu Dhabi Total Citroen World Rally Team branded car in the rounds he competes in.
Yves Matton, the team principal of the Citroen team, is thrilled with the link up with ADR.
"In Abu Dhabi, we have a long-term partner that will preserve Citroen's position at the summit of global rallying," he said.
"Over the last decade, the team has enjoyed monumental success. Vitally, we now have a formidable partner that shares our ambition to continue setting the pace in the WRC and international off-road motorsport."
Faisal Al Sheikh, events manager for TCA Abu Dhabi, who are one of the partners of ADR, is confident the partnership with Citroen will help with the goal of developing future rallying stars in the UAE and raise the city's profile at the same time.
"The good thing I think is that Abu Dhabi Racing is a devoted entity who will be looking at the sport aspect to develop the Emirati drivers, who will not only be competing regionally, but worldwide," he said.
"The emirate's WRC adventure with the great champions of Citroen will significantly enhance Abu Dhabi's footprint in the international motorsport arena."
gcaygill@thenational.ae
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Killing of Qassem Suleimani
Killing of Qassem Suleimani
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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
Two-step truce
The UN-brokered ceasefire deal for Hodeidah will be implemented in two stages, with the first to be completed before the New Year begins, according to the Arab Coalition supporting the Yemeni government.
By midnight on December 31, the Houthi rebels will have to withdraw from the ports of Hodeidah, Ras Issa and Al Saqef, coalition officials told The National.
The second stage will be the complete withdrawal of all pro-government forces and rebels from Hodeidah city, to be completed by midnight on January 7.
The process is to be overseen by a Redeployment Co-ordination Committee (RCC) comprising UN monitors and representatives of the government and the rebels.
The agreement also calls the deployment of UN-supervised neutral forces in the city and the establishment of humanitarian corridors to ensure distribution of aid across the country.
Read more from Kareem Shaheen
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Barbie
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Fixtures
Wednesday
4.15pm: Japan v Spain (Group A)
5.30pm: UAE v Italy (Group A)
6.45pm: Russia v Mexico (Group B)
8pm: Iran v Egypt (Group B)
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
Leaderboard
15 under: Paul Casey (ENG)
-14: Robert MacIntyre (SCO)
-13 Brandon Stone (SA)
-10 Laurie Canter (ENG) , Sergio Garcia (ESP)
-9 Kalle Samooja (FIN)
-8 Thomas Detry (BEL), Justin Harding (SA), Justin Rose (ENG)
Men from Barca's class of 99
Crystal Palace - Frank de Boer
Everton - Ronald Koeman
Manchester City - Pep Guardiola
Manchester United - Jose Mourinho
Southampton - Mauricio Pellegrino
Read more about the coronavirus
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