• Francis Ngannou of Cameroon reacts after his victory over Stipe Miocic in their UFC heavyweight championship fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
    Francis Ngannou of Cameroon reacts after his victory over Stipe Miocic in their UFC heavyweight championship fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
  • Francis Ngannou punches Stipe Miocic in their UFC heavyweight championship fight. Jeff Bottari / USA TODAY Sports / Reuters
    Francis Ngannou punches Stipe Miocic in their UFC heavyweight championship fight. Jeff Bottari / USA TODAY Sports / Reuters
  • Stipe Miocic punches Francis Ngannou in their UFC heavyweight championship fight. Jeff Bottari / USA TODAY Sports / Reuters
    Stipe Miocic punches Francis Ngannou in their UFC heavyweight championship fight. Jeff Bottari / USA TODAY Sports / Reuters
  • Francis Ngannou kicks Stipe Miocic in their UFC heavyweight championship fight. Jeff Bottari / USA TODAY Sports / Reuters
    Francis Ngannou kicks Stipe Miocic in their UFC heavyweight championship fight. Jeff Bottari / USA TODAY Sports / Reuters
  • Tyron Woodley punches Vicente Luque in their welterweight fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
    Tyron Woodley punches Vicente Luque in their welterweight fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
  • Vicente Luque punches Tyron Woodley in their welterweight fight. Jeff Bottari / USA TODAY Sports / Reuters
    Vicente Luque punches Tyron Woodley in their welterweight fight. Jeff Bottari / USA TODAY Sports / Reuters
  • Miranda Maverick punches Gillian Robertson of Canada in their lightweight fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
    Miranda Maverick punches Gillian Robertson of Canada in their lightweight fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
  • Gillian Robertson kicks Miranda Maverick in their lightweight fight. Jeff Bottari / USA TODAY Sports / Reuters
    Gillian Robertson kicks Miranda Maverick in their lightweight fight. Jeff Bottari / USA TODAY Sports / Reuters
  • Thomas Almeida of Brazil punches Sean O'Malley in their bantamweight fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
    Thomas Almeida of Brazil punches Sean O'Malley in their bantamweight fight during the UFC 260 event at UFC APEX in Las Vegas, Nevada. Jeff Bottari / USA TODAY Sports / Reuters
  • Sean O'Malley kicks Thomas Almeida in their bantamweight fight. Jeff Bottari / USA TODAY Sports / Reuters
    Sean O'Malley kicks Thomas Almeida in their bantamweight fight. Jeff Bottari / USA TODAY Sports / Reuters

UFC 260: Francis Ngannou 'ready whenever' for Jon Jones after knocking out Stipe Miocic to win heavyweight title


  • English
  • Arabic

Francis Ngannou has said he is ready to take on "greatest of all time" Jon Jones after the Cameroonian was crowned heavyweight champion at UFC 260 with a brutal display against title holder Stipe Miocic.

Miocic had outwrestled Ngannou in their first fight at UFC 220, but there was to be no stopping 'The Predator' in the rematch. Ngannou (16-3) used big left hands to set up the finish as he knocked out the two-time champion at the 52-second mark of the second round to claim the title in the main event in Las Vegas.

Ngannou credited the lessons learned in his first fight with Miocic, which Miocic won via a one-sided unanimous decision, for helping him learn where he needed to improve.

"I have a great outcome from that fight," Ngannou, 34, said. "It was a great benefit from that fight and I believe that pushed me, rose me higher than this."

Ngannou followed his loss to Miocic by losing a decision to Derrick Lewis. Then he won four straight fights via knockout, with the longest lasting just 1:11, to earn his title rematch.

Now established as one of the biggest stars in the sport, talk has now moved on to Ngannou's next potential opponent, and there is one fighter UFC fans want to see the Cameroonian face more than any other.

Jones vacated his light-heavyweight title in August last year to make the move up to heavyweight, although the American is yet to make his debut in the division. Shortly after Ngannou's emphatic victory, Jones tweeted: "Show me the money", a clear reference to his eagerness to take on the champion.

"For me, Jon Jones is the greatest of all time in mixed martial arts," Ngannou said. "Him moving up (to heavyweight), that is a challenge I would take. Putting that on my record would be a very good thing for me.

"But for this time, he is going to be the challenger. I am the champ and he's coming up looking for me. I'm ready anytime. Even in the summer, in July or August, I'll be ready to fight whenever.

"He said something like, 'show me the money'. Show me the money and we'll go. I'm here."

The evening's co-feature bout was a breakthrough performance for Brazilian native Vicente Luque (20-7-1). The exciting welterweight slugger used heavy hands to batter former UFC champion Tyron Woodley (19-7-1) of Ferguson, Mo., then used a D'Arce choke to earn the submission victory at the 3:56 mark of the opening round.

Luque has won nine of his past 10 fights, while Woodley has lost four in a row.

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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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

MATCH INFO

Uefa Champions League, last-16 second leg
Paris Saint-Germain (1) v Borussia Dortmund (2)
Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD

Fight card

Bantamweight

Siyovush Gulmamadov (TJK) v Rey Nacionales (PHI)

Lightweight

Alexandru Chitoran (ROM) v Hussein Fakhir Abed (SYR)

Catch 74kg

Tohir Zhuraev (TJK) v Omar Hussein (JOR)

Strawweight (Female)

Weronika Zygmunt (POL) v Seo Ye-dam (KOR)

Featherweight

Kaan Ofli (TUR) v Walid Laidi (ALG)

Lightweight

Leandro Martins (BRA) v Abdulla Al Bousheiri (KUW)

Welterweight

Ahmad Labban (LEB) v Sofiane Benchohra (ALG)

Bantamweight

Jaures Dea (CAM) v Nawras Abzakh (JOR)

Lightweight

Mohammed Yahya (UAE) v Glen Ranillo (PHI)

Lightweight

Alan Omer (GER) v Aidan Aguilera (AUS)

Welterweight

Mounir Lazzez (TUN) Sasha Palatnikov (HKG)

Featherweight title bout

Romando Dy (PHI) v Lee Do-gyeom (KOR)

Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Director: Venkat Prabhu
Rating: 2/5
Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

Director: Jon Favreau

Starring: Donald Glover, Seth Rogen, John Oliver

Rating: 2 out of 5 stars

2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
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WHAT IS GRAPHENE?

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were experimenting with sticky tape and graphite, the material used as lead in pencils.

Placing the tape on the graphite and peeling it, they managed to rip off thin flakes of carbon. In the beginning they got flakes consisting of many layers of graphene. But when they repeated the process many times, the flakes got thinner.

By separating the graphite fragments repeatedly, they managed to create flakes that were just one atom thick. Their experiment led to graphene being isolated for the very first time.

In 2010, Geim and Novoselov were awarded the Nobel Prize for Physics.