SILVERSTONE // Christian Horner admits being in Formula One is often a 24/7 occupation. So while preparations for this weekend's British Grand Prix are as hectic as ever, they do provide the Red Bull Racing chief with a little respite, including the rare chance to sleep at his home for a change!
Being based 10 minutes away from the Silverstone track also allowed him the chance to catch some of Andy Murray's Wimbledon win over Richard Gasquet on Monday evening.
It is Murray's determination and desire he is hoping to see from his own drivers, the Australian Mark Webber and the Scotsman David Coulthard, at Silverstone as they look to continue their solid start to the season.
"Mark Webber was down there watching the match so he will know all about it," Horner said. "He is a gutsy Aussie who has been in similar situations himself. In any sport you have to deal with adversity at some stage and sometimes you need that kind of support to get you through.
"The race will help the British drivers. At any home track you get this, just like Fernando Alonso has in Spain. David Coulthard, Lewis Hamilton and Jenson Button will all get the home support this time and it is always special.
"In front of a sell-out crowd it can help inspire them. I think it does make a difference and the home crowd can play a part, as Andy Murray found out.
"Silverstone is unique, a challenge and a great track that the drivers enjoy. There is only a few racing circuits with high speed tracks; Spa and Suzuka, but Silverstone has not changed a lot and is one of the classic events. We are looking forward to it even more because we are based so close and it is our home GP."
Horner, 34, has been pleased with how they have done in the first half of the campaign.
Scoring points in every race since Australia to put the Red Bull team in fourth spot in the constructors' championship, with the highlight being Coulthard's third place finish in last month's Canadian Grand Prix.
The youngest team principal in the sport is hoping they continue to be consistent and eventually challenge the bigger teams of Ferrari, McLaren and BMW.
"We have made a good start to the season and the objective is to remain in the top four. This year, everyone has worked very well as a team and we are beginning to see the true potential.
"Hopefully this will be a stepping stone to try to challenge the big three. That is a big step, the hardest step, but the foundations are in place and we are going in the right direction. We are an independent team, but I believe we are equipped with the right personnel. To challenge, you need the right people, resources and a lot of funding.
"I feel we have got the right backing in Red Bull, but it takes time to achieve where we want to be. There are some big challenges to come for sure, but BMW have proved it is possible. We are looking to move into that bracket."
Red Bull Racing are a small team compared to say Ferrari, but Horner is someone who has always backed the underdog. Being a Coventry City football fan might have played a part as they fought for years to challenge the bigger teams in the English top flight.
Horner loves a battle and that's why he is excited about this season's drivers' championship.
As Felipe Massa, Robert Kubica, Kimi Raikkonen and Lewis Hamilton scrap for the title, it takes him back to his favourite era.
"I grew up watching Nigel Mansell, Alain Prost, Ayron Senna slugging it out for the championship in the 1980s," he adds.
"It is good to have four drivers who can win the championship. It is similar to the mid-80s and exciting. A competitive championship is what we need.
"I think it shows F1 is in good shape and producing good racing. It is good for the sport and our objective, as a team, is to have drivers in there challenging for the title.
"My life has revolved around motorsport in British Formula Three and Two, then F3000, GP2 and F1. I grew up as a driver then a team owner and now a principal for an F1 team. This is a 24/7 activity, but Formula One is a great sport. It is extremely competitive and you are judged every two weeks.
"You are up against some of the biggest companies in the world and there are some clever people involved. But ultimately, it comes down to two hours. What happens in that time defines how successful you are."
@Email:akhan@thenational.ae
UAE currency: the story behind the money in your pockets
Poacher
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The Year Earth Changed
Directed by:Tom Beard
Narrated by: Sir David Attenborough
Stars: 4
MATCH INFO
Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE
Key findings
- Over a period of seven years, a team of scientists analysed dietary data from 50,000 North American adults.
- Eating one or two meals a day was associated with a relative decrease in BMI, compared with three meals. Snacks count as a meal. Likewise, participants who ate more than three meals a day experienced an increase in BMI: the more meals a day, the greater the increase.
- People who ate breakfast experienced a relative decrease in their BMI compared with “breakfast-skippers”.
- Those who turned the eating day on its head to make breakfast the biggest meal of the day, did even better.
- But scrapping dinner altogether gave the best results. The study found that the BMI of subjects who had a long overnight fast (of 18 hours or more) decreased when compared even with those who had a medium overnight fast, of between 12 and 17 hours.
Mohammed bin Zayed Majlis
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
The five pillars of Islam
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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Superliminal%20
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MATCH INFO
Delhi Daredevils 174-4 (20 ovs)
Mumbai Indians 163 (19.3 ovs)
Delhi won the match by 11 runs
MATCH INFO
Uefa Champioons League semi-final:
First leg: Liverpool 5 Roma 2
Second leg: Wednesday, May 2, Stadio Olimpico, Rome
TV: BeIN Sports, 10.45pm (UAE)
OPENING FIXTURES
Saturday September 12
Crystal Palace v Southampton
Fulham v Arsenal
Liverpool v Leeds United
Tottenham v Everton
West Brom v Leicester
West Ham v Newcastle
Monday September 14
Brighton v Chelsea
Sheffield United v Wolves
To be rescheduled
Burnley v Manchester United
Manchester City v Aston Villa
UAE currency: the story behind the money in your pockets
The specs: 2018 Ducati SuperSport S
Price, base / as tested: Dh74,900 / Dh85,900
Engine: 937cc
Transmission: Six-speed gearbox
Power: 110hp @ 9,000rpm
Torque: 93Nm @ 6,500rpm
Fuel economy, combined: 5.9L / 100km
Results
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Company%20profile
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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
Gender equality in the workplace still 200 years away
It will take centuries to achieve gender parity in workplaces around the globe, according to a December report from the World Economic Forum.
The WEF study said there had been some improvements in wage equality in 2018 compared to 2017, when the global gender gap widened for the first time in a decade.
But it warned that these were offset by declining representation of women in politics, coupled with greater inequality in their access to health and education.
At current rates, the global gender gap across a range of areas will not close for another 108 years, while it is expected to take 202 years to close the workplace gap, WEF found.
The Geneva-based organisation's annual report tracked disparities between the sexes in 149 countries across four areas: education, health, economic opportunity and political empowerment.
After years of advances in education, health and political representation, women registered setbacks in all three areas this year, WEF said.
Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to nearly 51 per cent.
And the number of women in leadership roles has risen to 34 per cent globally, WEF said.
At the same time, the report showed there are now proportionately fewer women than men participating in the workforce, suggesting that automation is having a disproportionate impact on jobs traditionally performed by women.
And women are significantly under-represented in growing areas of employment that require science, technology, engineering and mathematics skills, WEF said.
* Agence France Presse
UAE currency: the story behind the money in your pockets
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