Team Abu Dhabi’s Alex Carella was involved in a high-speed crash on Lap 24 of Sunday’s Grand Prix of Harbin and was unable to extend his lead in the UIM F1 H2O World Championship at the Hulan Estuary Wetland Park course in north-eastern China.
The Italian collided with Baba Racing’s Filip Roms while both drivers were duelling for second position in the 60-lap race, and their demise opened the door for pole-position winner Sami Selio of Finland to take his first win of the season. Carella was taken to a local hospital for checks and medical attention.
Team Abu Dhabi did not provide an update on Carella’s medical condition, although it is not thought to be serious.
Team Sweden’s Jonas Andersson maintained second place after the restart and held it to the finish, while world champion Philippe Chiappe rounded off the podium and moved 10 points ahead of Carella in the UIM F1 H2O Drivers’ Championship standings.
Shaun Torrente of Dubai’s Victory Team reached the chequered flag in fourth place to move into second position and three points in front of Carella in the rankings, as Team Abu Dhabi slipped behind Baba Racing and Victory Team and into fourth in the UIM Teams’ Championship that is led by the CTIC China Team.
Thani Al Qamzi ran a subdued race in the second of the Team Abu Dhabi DACs, finishing 10th, although he was later disqualified for not running in his designated lane at the start of the race.
Team Abu Dhabi’s Rashed Al Qamzi and Mohammed Al-Mehairbi finished the second of the weekend’s UIM F4-S races in third and sixth place and that was sufficient for Al Qamzi to leave Harbin with an impressive lead of 25 points in the championship standings. Team Sweden’s Magnus Sederholm avenged his defeat in the first of the Harbin races to the F1 Atlantic Team’s Jeremy Brisset to claim his first maximum points haul in Race 2.
“Rashed put in another impressive and consistent performance that places him in a really strong position in the UIM F4-S championship with six races to go in China and the UAE,” said Salem Al Romaithi, assistant general manager of the Abu Dhabi International Marine Sports Club (ADIMSC). “It was a disappointing setback for Alex, but that is racing and these things can and do happen. We will regroup now and focus on the last three rounds of the championship.”
RESULTS:
2016 Grand Prix of Harbin:
1. Sami Selio (FIN) Baba Racing – 60 laps
2. Jonas Andersson (SWE) Team Sweden – +1.12sec
3. Philippe Chiappe (FRA) China CTIC Team – +1.64sec
4. Shaun Torrente (USA) Victory Team – +2.36sec
5. Erik Stark (SWE) Emirates Racing Team – +4.56sec
6. Marit Stromoy (NOR) EMIC Racing Team – +7.95sec
7. Duarte Benavente (PRT) F1 Atlantic Team – +8.97sec
8. Bartek Marszalak (POL) Blaze Performance Team – +14.98sec
9. Ziwei Xiong (CHN) CTIC China Team – L1
10. Mike Szymura (GER) EMIC Racing Team – L2
2016 UIM F1H2O World Championship – Drivers’ Championship standings:
1. Philippe Chiappe (FRA) China CTIC Team – 52 pts
2. Shaun Torrente (USA) Victory Team – 45 pts
3. Alex Carella (UAE) Team Abu Dhabi – 42 pts
4. Sami Selio (FIN) Baba Racing – 35 pts
5. Jonas Andersson (SWE) Team Sweden – 33 pts
6. Filip Roms (FIN) Baba Racing – 17 pts
7. Duarte Benavente (PRT) F1 Atlantic Team – 16 pts
8. Erik Stark (SWE) Emirates Racing Team – 12 pts
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WISH
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
UAE currency: the story behind the money in your pockets
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
Sweet%20Tooth
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JAPAN SQUAD
Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
COMPANY%20PROFILE
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Afro%20salons
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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
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Third Test
Result: India won by 203 runs
Series: England lead five-match series 2-1
Gulf Men's League final
Dubai Hurricanes 24-12 Abu Dhabi Harlequins
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
