Hundred of supporters gathered at the Nicola Tesla airport in Belgrade on Monday as Novak Djokovic landed in Serbia following his deportation from Australia.
The world No 1 returned home after failing in his quest to defend the Australian Open title following a long-drawn battle over his visa and vaccination status that saw him being evicted from Australia.
Djokovic left Australia late on Sunday and boarded an Emirates flight to Dubai after the Federal Court upheld a government decision to cancel his visa, ending days of drama over the country's Covid-19 entry rules and his unvaccinated status.
The Serbian star was first detained by immigration authorities on January 6, ordered released by a court on January 10 and then detained again on Saturday pending Sunday's court hearing.
By the end, Djokovic said he was extremely disappointed by the ruling but respected the court's decision.
"I am uncomfortable that the focus of the past weeks has been on me and I hope that we can all now focus on the game and the tournament I love," Djokovic said in a statement before flying out of Melbourne. He landed in Belgrade after a brief stopover in Dubai.
The 34-year-old received widespread support in his home country, with the Serbian Prime Minister Ana Brnabic calling the treatment of a national hero "scandalous".
As he landed in Serbia, supporters - some waving national flags - outside Belgrade airport chanted "You are our champion, Novak!"
However, the tennis star’s exit from Australia might not be the end of the drama as questions arose over whether he would be barred from the next Grand Slam tournament, the French Open.
Djokovic had argued in an Australian court he should be allowed to stay and compete because a recent coronavirus infection meant he was exempt from strict vaccination rules. But Australian authorities cited the public interest in revoking his visa, saying his presence could stir up anti-vaccine sentiments and that kicking him out was necessary to keep Australians safe.
Now there is uncertainty over his participation in Paris. A member of the French Parliament said a new law that will exclude unvaccinated people from sports venues, restaurants and other public places will apply to anyone who wants to play in the tournament.
Their sports ministry said on Monday that there would be no exemption from France's new vaccine pass law.
"The rule is simple. The vaccine pass will be imposed, as soon as the law is promulgated, in establishments that were already subject to the health pass," the ministry said.
"This will apply to everyone who is a spectator or a professional sportsperson. And this until further notice.
"Now, as far as Roland Garros is concerned, it's in May. The situation may change between now and then and we hope that it will be more favourable. So we'll see, but clearly there's no exemption."
The latest developments in France marked a reversal from prior plans to create a “bubble” around the tournament, scheduled for late May into June.
Major events like the French Open previously permitted unvaccinated athletes to compete as they operated a health bubble around the tournament.
If no exemption is possible, the measure would dash the 34-year-old Serb's hopes of defending his French Open title and potentially winning an unprecedented 21st Grand Slam singles crown.
Djokovic's hopes of a Grand Slam success in 2022 would then rest on Wimbledon as New York vaccination rules, as they stand now, would rule him out of the US Open.
For now, Djokovic can look forward to a warm welcome at home.
Serbian President Aleksandar Vucic has accused the Australian government of “harassing” the top-ranked tennis star and urged him to return where he would be welcomed.
Djokovic's 20 Grand Slams
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
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.”
'Ghostbusters: From Beyond'
Director: Jason Reitman
Starring: Paul Rudd, Carrie Coon, Finn Wolfhard, Mckenna Grace
Rating: 2/5
2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
Company Fact Box
Company name/date started: Abwaab Technologies / September 2019
Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO
Based: Amman, Jordan
Sector: Education Technology
Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed
Stage: early-stage startup
Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.
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