Russian champions bookended the ATP Finals' 12-year stay in London after world No 4 Daniil Medvedev fought back from a set down to beat Dominic Thiem and clinch the biggest title of his career on Sunday night.
Medvedev, 24, was second best for large periods at the empty O2 Arena but found a way back into the contest and prevailed 4-6, 7-6, 6-4 over the world No 3.
Medvedev, who beat five-time champion Novak Djokovic and world No 2 Rafael Nadal earlier in the week, is the first man to beat all three of the world's top-ranked players at the season finale.
The Russian has now won 10 consecutive matches following his title earlier this month at the Paris Masters and his victory will taste sweet a year after a winless debut in London.
But it was a painful defeat for Thiem, who also lost in the final of the elite eight-man event last year, to Stefanos Tsitsipas. However, the Austrian can be satisfied with a season that included his first Grand Slam title at the US Open.
"What a match," Medvedev said. "One of my best victories, two hours and 42 minutes, three sets against an amazing player.
"Dominic, congratulations already for what you achieved in your career. Your name is already in the history of tennis books.
"It is amazing. You won a Grand Slam this year. You are playing unbelievable. I hope we are going to have many more matches to come on the big occasions like this."
Thiem weathered early pressure from Medvedev and secured the first break of the match in the fifth game, when the Russian served a double fault. He sealed the set in fortunate fashion when his forehand clipped the net and looped over Medvedev's racket.
Medvedev, who came from a set down against Nadal in Saturday's last-four contest, made a solid start to the second set.
But Thiem, who like Medvedev beat both Nadal and Djokovic over the course of the week, held to love in the fourth game, looking comfortable as the Russian sought a way back into the match.
The 27-year-old third seed had chances to earn a potentially decisive break but they slipped by and he yelled in frustration as he squandered his opportunities.
The Austrian took a tumble onto the blue court at the start of the eighth game and found himself break point down but toughed it out, with Medvedev looking stronger as the set wore on.
The second set went to a tie-break. Having recovered from 0-4 to win the deciding tie-break against Djokovic on Saturday, Thiem got a taste of his own medicine as Medvedev turned a 2-0 deficit into a 7-2 victory.
Thiem, 27, appeared to be struggling to cope with the punishing pace in the third set and Medvedev did not allow him the rhythm to get his big groundstrokes flowing.
He finally cracked in the fifth game when the Russian produced a volley at the net to break.
Thiem remained under pressure and had to battle hard to avoid going down another break. But all Medvedev now had to do was keep his nerve. He did so as he served out for victory.
Having won the tournament without a defeat, Medvedev earns the maximum points and prize money, adding 1,500 points to his ranking and $1.564 million to his bank account.
"Of course, I am disappointed, but at the same time I am also proud of the performance of all the week," said Thiem. "Daniil really deserved it. It was an amazing match."
Medvedev is the first Russian to win the ATP Finals since 2009, when Nikolay Davydenko triumphed at the first edition of the season finale held in London. Next year, the tournament moves to Turin in Italy.
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
Zayed Sustainability Prize
Cricket World Cup League Two
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Fixtures
Wednesday January 8 –Oman v Namibia
Thursday January 9 – Oman v UAE
Saturday January 11 – UAE v Namibia
Sunday January 12 – Oman v Namibia
THE%20HOLDOVERS
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Mohammed bin Zayed Majlis
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Pathaan
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THREE POSSIBLE REPLACEMENTS
Khalfan Mubarak
The Al Jazira playmaker has for some time been tipped for stardom within UAE football, with Quique Sanchez Flores, his former manager at Al Ahli, once labelling him a “genius”. He was only 17. Now 23, Mubarak has developed into a crafty supplier of chances, evidenced by his seven assists in six league matches this season. Still to display his class at international level, though.
Rayan Yaslam
The Al Ain attacking midfielder has become a regular starter for his club in the past 15 months. Yaslam, 23, is a tidy and intelligent player, technically proficient with an eye for opening up defences. Developed while alongside Abdulrahman in the Al Ain first-team and has progressed well since manager Zoran Mamic’s arrival. However, made his UAE debut only last December.
Ismail Matar
The Al Wahda forward is revered by teammates and a key contributor to the squad. At 35, his best days are behind him, but Matar is incredibly experienced and an example to his colleagues. His ability to cope with tournament football is a concern, though, despite Matar beginning the season well. Not a like-for-like replacement, although the system could be adjusted to suit.
Company%20profile
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Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.
- It’s So Easy
- Mr Brownstone
- Chinese Democracy
- Welcome to the Jungle
- Double Talkin’ Jive
- Better
- Estranged
- Live and Let Die (Wings cover)
- Slither (Velvet Revolver cover)
- Rocket Queen
- You Could Be Mine
- Shadow of Your Love
- Attitude (Misfits cover)
- Civil War
- Coma
- Love Theme from The Godfather (movie cover)
- Sweet Child O’ Mine
- Wichita Lineman (Jimmy Webb cover)
- Wish You Were Here (instrumental Pink Floyd cover)
- November Rain
- Black Hole Sun (Soundgarden cover)
- Knockin’ on Heaven’s Door (Bob Dylan cover)
- Nightrain
Encore:
- Patience
- Don’t Cry
- The Seeker (The Who cover)
- Paradise City
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Jewel of the Expo 2020
252 projectors installed on Al Wasl dome
13.6km of steel used in the structure that makes it equal in length to 16 Burj Khalifas
550 tonnes of moulded steel were raised last year to cap the dome
724,000 cubic metres is the space it encloses
Stands taller than the leaning tower of Pisa
Steel trellis dome is one of the largest single structures on site
The size of 16 tennis courts and weighs as much as 500 elephants
Al Wasl means connection in Arabic
World’s largest 360-degree projection surface
The specs
Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
Price: from Dh282,870
On sale: now