For the first time since the 1970s, there is an Egyptian tennis player ranked in the top 100.
Trailblazer Mayar Sherif hit that important milestone earlier this month when she rose to No 97 in the world rankings on the heels of becoming the first Egyptian to ever reach the final at a WTA tournament.
Sherif’s feat is just the latest in a long list of firsts she has been able to accomplish over the last couple of years. The 25-year-old is the first Egyptian woman to crack the top 200, the first to qualify for a Grand Slam main draw, the first to win a match in a Grand Slam main draw, and the first woman to represent Egypt in tennis at an Olympic Games.
Two weeks ago, in a tournament in Cluj-Napoca, Romania, she became the first Egyptian to make a quarter-final, semi-final and final of a WTA event before she fell to former top-10 player Andrea Petkovic in the title decider. As a result, Sherif made her top-100 debut.
“It’s important for me to always break barriers as an Egyptian tennis player and to pave the way for the next generations,” the Cairene told The National in an interview last week.
“Of course if I want to move forward I have the burden to break barriers and I like that kind of pressure because I want to go for more, I always want more. I have very high ambitions and I believe in myself and I know this is just the start.”
Sherif isn’t just breaking barriers on court; her pioneering efforts have extended to the Egyptian sports industry at large.
When she was barely ranked inside in the top 200, Sherif and her management team began to attract a string of high-profile sponsors that had previously shown zero interest in Egyptian tennis.
She signed unprecedented deals with major companies like Vodafone, National Bank of Egypt, Allianz, Peugeot, Ora Developers (Zed), and earlier this month, she announced a brand new agreement with Mastercard.
Her face is plastered on billboards around Cairo, she has appeared on all of Egypt’s top talk shows, she had a surprise meet and greet with football superstar Mohamed Salah – thanks to their common sponsor Vodafone – and was featured in TV commercials alongside some of the biggest athletes in the country ahead of the Olympics.
Sherif, who kicks off her US Open qualifying campaign in New York on Wednesday, has quickly emerged as a sports icon over the last two years, and is enjoying commercial success that had never been realised by an Egyptian tennis player.
Considering the fact that she was unranked at the start of 2019 season – she had just finished her college tennis career, playing for Pepperdine – it is remarkable that Sherif managed to gain such traction with sponsors, well before entering the top 100.
“Egypt’s market is extremely unique,” her agent Sherif Monsef El Maanawy said. “The Egyptian audience is a very sentimental audience, and it’s not towards the very practical side that thinks like, ‘Mayar is not a top-10 player, or Mayar is not a top-50 player, so she’s not up to our support’. Egyptians look forward to the smell of success and just the small glimpse of success and they hang onto that.”
A few years ago, El Maanawy, the founder and CEO of Connection Marketing Ventures, identified what he described as a “weakness” in the Egyptian sports industry when it came to tennis. As a parent of two young tennis players, he witnessed firsthand the limited resources available to the sport in the country and he began to explore ways to help market local players.
“The market value was zero, literally, and opportunities are limitless,” he said, reflecting on the early days of his journey with tennis.
He signed Egypt’s top two players, Sherif and Safwat (who is no longer represented by El Maanawy), and helped them secure their first big contract with the National Bank of Egypt in early 2020.
“We created more visibility for the players, we moved them out to the light, from the dark,” El Maanawy said. “It was a good contract too, for the tennis market, it was a really big contract and that helped us out to have more money to compete again, to be ready again, to spend on training, fitness, touring around the world, with the sponsorship money.”
By the fall of 2020, Sherif took another major leap when she qualified for Roland Garros to become the first Egyptian woman in history to feature in a Grand Slam main draw.
“That was the real moment for us and again we started another level,” El Maanawy said.
El Maanawy says a main issue in the sports industry in Egypt, and possibly the region, is that marketers do not treat athletes as brands, which in turn dents their chances at attracting the right sponsors. He believes placing Sherif as a top brand in the sports industry as a whole, and positioning her as “an idol to be loved in a sentimental way by the Egyptian audience” is what helped them achieve commercial success as a team.
“We managed to deal with Mayar as the ‘Amr Diab’ of tennis players. We dealt with Mayar as if she’s a top brand and we put a mandate that we deal only with top brands. So now we’re carrying the names of the top brands in their industry,” he said.
When El Maanawy initially approached companies about Sherif, he pitched her as the first woman in Egypt to qualify for the Olympics in tennis – a spot she guaranteed by winning gold at the African Games in the summer of 2019. Her year-round performances on the tennis tour, however, slowly changed the perspective of her sponsors, who soon realised there was more to her than just being a first-time Olympian.
El Maanawy is keen to strengthen the relationship with the companies who have a better understanding of tennis, instead of relying on short-term deals that were mostly centred on the Olympics. Sherif, her coach and El Maanawy even gave an informational session about tennis at the offices of one of her sponsors to educate them more about her craft.
“Look at Peugeot for example; Peugeot is now moving towards being a tennis brand, which means we will have harmony, we will have relevance. When we go on tour, we’ll have their support internationally, so it’s not about money. Another automotive brand wanted to pay us like 30 or 40 per cent more than Peugeot, but I picked Peugeot because they are a tennis brand, they will respect Mayar when she plays, when we want to focus, they do not want to drain her, they understand tennis,” he said.
“That’s how we think, what is the relevant brand to tennis? What’s the relevant brand to sport? How they are going to support Mayar on all dimensions? It’s not just about money. Money came, and money is coming and money will come much more, but it’s about setting the right things, and the clean, beautiful, relevant brands.”
El Maanawy says Sherif’s contracts are bigger than many of the Olympic athletes who went to Tokyo this year, but tennis remains a world apart from the behemoth that is football in Egypt.
We dealt with Mayar as if she’s a top brand and we put a mandate that we deal only with top brands
Sherif El Maanawy,
Mayar Sherif's agent
“Compared to football, it’s like we’re comparing a watermelon to a peanut,” he said.
A major gap to fill for Sherif right now is signing an apparel contract. She has yet to secure a clothing sponsor but her top-100 debut is expected to spark great interest from the main players in the market.
Sherif is talented, determined, and has a unique edge compared to many Egyptian athletes in that she does not settle for anything mediocre and is not satisfied by simply making a final or hitting a new ranking milestone. Her constant hunger for more is palpable.
“I learned that I can beat anybody, I can lose also to anybody, that anything is possible. I broke a couple of barriers in this tournament and it just gave me a lot of motivation to keep going,” she said after her runner-up showing in Cluj. “I feel like this is the start of a very long road that just opened up and it gave me a boost of more belief, more ambition and passion. Hopefully the best is yet to come.”
Her agent shares her sentiments. He can sense a shift in the sponsorship landscape in tennis in Egypt, thanks to Sherif’s trailblazing exploits.
“I don’t just see it or feel it, I’m experiencing this right now with what’s going on in the tennis landscape with other younger players now that are approaching us, asking what can they do be like Mayar or what can they do to be managed by us and our company, or other companies. And sponsors are coming and asking us about our next projects in tennis, for them to sponsor,” he says.
“It is very obvious that fresh sponsorship money is ready for the right moment.
“All this happening in less than a year; so imagine if there are one, two, three, four companies doing that in the next five years. I think tennis will fly and it’s actually already flying.”
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Directed by Sam Mendes
Starring Dean-Charles Chapman, George MacKay, Daniel Mays
4.5/5
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
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 specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
57%20Seconds
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A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars
Schedule
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
Dubai World Cup nominations
UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer
USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.
Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.
The specs: Macan Turbo
Engine: Dual synchronous electric motors
Power: 639hp
Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
On sale: Deliveries start in October
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
The low down
Producers: Uniglobe Entertainment & Vision Films
Director: Namrata Singh Gujral
Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark
Rating: 2/5
Company%20profile
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SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net
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
Tree of Hell
Starring: Raed Zeno, Hadi Awada, Dr Mohammad Abdalla
Director: Raed Zeno
Rating: 4/5
COMPANY%20PROFILE
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
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.”
SPECS
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Quick%20facts
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Results
2pm: Maiden (PA) Dh 40,000 (Dirt) 1,200m, Winner: AF Thayer, Tadhg O’Shea (jockey), Ernst Oertel (trainer).
2.30pm: Maiden (PA) Dh 40,000 (D) 1,200m, Winner: AF Sahwa, Nathan Crosse, Mohamed Ramadan.
3pm: Handicap (PA) Dh 40,000 (D) 1,000m, Winner: AF Thobor, Szczepan Mazur, Ernst Oertel.
3.30pm: Handicap (PA) Dh 40,000 (D) 2,000m, Winner: AF Mezmar, Szczepan Mazur, Ernst Oertel.
4pm: Sheikh Hamdan bin Rashid Al Maktoum Cup presented by Longines (TB) Dh 200,000 (D) 1,700m, Winner: Galvanize, Nathan Cross, Doug Watson.
4.30pm: Handicap (PA) Dh 40,000 (D) 1,700m, Winner: Ajaj, Bernardo Pinheiro, Mohamed Daggash.
Unresolved crisis
Russia and Ukraine have been locked in a bitter conflict since 2014, when Ukraine’s Kremlin-friendly president was ousted, Moscow annexed Crimea and then backed a separatist insurgency in the east.
Fighting between the Russia-backed rebels and Ukrainian forces has killed more than 14,000 people. In 2015, France and Germany helped broker a peace deal, known as the Minsk agreements, that ended large-scale hostilities but failed to bring a political settlement of the conflict.
The Kremlin has repeatedly accused Kiev of sabotaging the deal, and Ukrainian officials in recent weeks said that implementing it in full would hurt Ukraine.
COMPANY%20PROFILE%20
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The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
MATCH INFO
Norwich City 0 Southampton 3 (Ings 49', Armstrong 54', Redmond 79')
Opening day UAE Premiership fixtures, Friday, September 22:
- Dubai Sports City Eagles v Dubai Exiles
- Dubai Hurricanes v Abu Dhabi Saracens
- Jebel Ali Dragons v Abu Dhabi Harlequins
The specs
Common to all models unless otherwise stated
Engine: 4-cylinder 2-litre T-GDi
0-100kph: 5.3 seconds (Elantra); 5.5 seconds (Kona); 6.1 seconds (Veloster)
Power: 276hp
Torque: 392Nm
Transmission: 6-Speed Manual/ 8-Speed Dual Clutch FWD
Price: TBC