I have not been this excited in mid-December since 1987, when the prospect of a Sony Walkman from Father Christmas flushed my cheeks. Nowadays - thanks to some hard-living and the need to climb stairs at least twice a day - my cheeks are permanently red, whether I am excited or not. So you will just have to take my word for it: I am really excited about the Pacquiao-Mayweather fight.
I know you believe me, because you are excited too. Like me, you know it is a once-in-a-generation thing for two such magnificent fighters to hit their prime at the same time. Like me, you cannot honestly predict who would win - Pac Man's devastating precision or Pretty Boy's silky defence. Like me, you cannot resist the potential personality clash between the quiet nobility of Manny Pacquiao and the brash swagger of Floyd Mayweather Jr.
One man raised in poverty who plans to use his boxing fame to enter politics and make a difference. The other a brat from a sporting dynasty, whose alternative nickname of Money signals his cruder ambitions. Like me, you know this could be the fight to restore professional boxing's credibility - or at least start the process of rehabilitation - after years of division, decline and a heavyweight scene dominated by plodding Neanderthals.
The fight, which looks likely to take place in March, is guaranteed to be special. However, if the promoters want to make it extra special they should think outside the box when it comes to the venue. The box, in this case, meaning the USA. Ask any number of casual boxing fans about the most important fights ever and the majority will fire back two automatic responses: The Thrilla in Manila, and the Rumble in the Jungle.
In reality, there have been far more important fights than those two, nearly all of them on American soil. Jack Johnson versus Jim Jeffries (Reno, Nevada, 1910), for example, struck a blow for racial equality. Joe Louis against Max Schmeling (New York, 1936 and 1938) represented the clash between democracy and fascism. Both were more important than George Foreman-Muhammad Ali in Kinshasa or Ali-Joe Frazier in Manila.
So why do the latter pair enjoy legendary status? The colour television images of Ali's exploits help, as does the fact they happened within living memory for millions. Plus, we all like a catchy rhyme. But what also made them so special was their exotic location. Oppressive heat, dubious characters providing the cash, wild and delirious locals: this was nothing like Las Vegas. OK, maybe it was a bit like old Vegas, but these bouts had an other-worldly flavour which lingers to this day.
Pacquiao-Mayweather spells a new dawn for boxing, so they should look East. Mumbai, Beijing, Hong Kong or Bangkok could all put on a great show. Yes, the USA TV audience provide the biggest purse but surely the emerging powers of the East could come close. And surely Americans would still pay to watch it anyway. Choosing between the MGM Grand in Las Vegas, the New Orleans Superdome or the new Dallas Cowboys stadium - the three current favourites - is like choosing between different versions of apple crumble and vanilla ice cream. All nice and safe, but a little bit dull. After all, who wants crumble and vanilla... when you can have a rumble and a thrilla?
The BBC have announced that Tony Adams, a former footballer, is to become editor of their flagship radio show the Today programme. The show is famous for expertly trapping oily politicians in webs of their own deceit, so Adams is the perfect man for the job - providing he is allowed to trap the politicians by elbowing them, jumping on them, pulling their shirt or tricking them into stepping one yard in front of him before frantically waving at the linesman. To be fair, he will only be "guest editing" one show over the festive break, when there are no politicians around to harangue. Instead, Adams has an interview with Joey Barton, the wayward footballer who has a proven track record for being a big hit over Christmas. He will also be chatting to Alan Davies, an unfunny comedian and Arsenal fan who presumably ensures the "Highbury library" atmosphere at Emirates Stadium is maintained, by telling his jokes throughout the match. Seriously, Adams is a decent man with a lively mind, and this will work well as a one-off gimmick. However, it is symptomatic of a wider problem: what do we do with our ex-footballers? They can't all work as commentators or pundits, and the traditional post-football career options of running a pub or selling insurance are now considered too lowly. The only answer is to follow the BBC's example and give them all the top jobs, irrespective of qualifications. I would like to see other major organisations follow suit and start handing out the plum roles. Let's not rest until Graham Le Saux is head of Microsoft, Robbie Fowler bosses General Motors and Paul Gascoigne is appointed chief executive of the Royal Bank of Scotland. Well, he couldn't do any worse than the last one. Will Batchelor is a writer, broadcaster and self-confessed cynical sports fan sports@thenational.ae
Awar Qalb
Director: Jamal Salem
Starring: Abdulla Zaid, Joma Ali, Neven Madi and Khadija Sleiman
Two stars
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
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
NYBL PROFILE
Company name: Nybl
Date started: November 2018
Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono
Based: Dubai, UAE
Sector: Software Technology / Artificial Intelligence
Initial investment: $500,000
Funding round: Series B (raising $5m)
Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up
It Was Just an Accident
Director: Jafar Panahi
Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr
Rating: 4/5
The%20specs
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Killing of Qassem Suleimani
Need to know
Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.
Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Liz%20Truss
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Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Company: Instabug
Founded: 2013
Based: Egypt, Cairo
Sector: IT
Employees: 100
Stage: Series A
Investors: Flat6Labs, Accel, Y Combinator and angel investors
Did you know?
Brunch has been around, is some form or another, for more than a century. The word was first mentioned in print in an 1895 edition of Hunter’s Weekly, after making the rounds among university students in Britain. The article, entitled Brunch: A Plea, argued the case for a later, more sociable weekend meal. “By eliminating the need to get up early on Sunday, brunch would make life brighter for Saturday night carousers. It would promote human happiness in other ways as well,” the piece read. “It is talk-compelling. It puts you in a good temper, it makes you satisfied with yourself and your fellow beings, it sweeps away the worries and cobwebs of the week.” More than 100 years later, author Guy Beringer’s words still ring true, especially in the UAE, where brunches are often used to mark special, sociable occasions.