• UFC welterweight bout between Khamzat Chimaev (blue) and Li Jingliang (red) at UFC 267. Etihad Arena, Yas Island, Abu Dhabi
    UFC welterweight bout between Khamzat Chimaev (blue) and Li Jingliang (red) at UFC 267. Etihad Arena, Yas Island, Abu Dhabi
  • Khamzat Chimaev submitted and Li Jingliang in their welterweight fight at UFC 267.
    Khamzat Chimaev submitted and Li Jingliang in their welterweight fight at UFC 267.
  • Khamzat Chimaev won in the first round on Saturday.
    Khamzat Chimaev won in the first round on Saturday.
  • Khamzat Chimaev submits Li Jingliang at the Etihad Arena.
    Khamzat Chimaev submits Li Jingliang at the Etihad Arena.
  • Khamzat Chimaev dominated on his return to UFC.
    Khamzat Chimaev dominated on his return to UFC.
  • Khamzat Chimaev after the win over Li Jingliang.
    Khamzat Chimaev after the win over Li Jingliang.

'I am the champ': Khamzat Chimaev delivers incredible win on comeback at UFC 267


John McAuley
  • English
  • Arabic

Khamzat Chimaev delivered superbly on his hugely anticipated return to the UFC in Abu Dhabi on Saturday night, then promptly declared “I’m the champ”.

The breakout star of 2020, Chimaev had not fought since racing to 3-0 in the UFC last September, as he battled a particularly debilitating case of Covid-19.

However, the Chechen-born Swede made up for lost time at UFC 267 in the capital, submitting No 11-ranked welterweight Li Jingliang in the first round at Etihad Arena. His victory, in the card’s 10th bout, was greeted with one of the loudest cheers of the night.

Whooping and hollering inside the octagon as he waited to speak to former two-division champion Daniel Cormier, Chimaev screamed: “Everybody. I come here for everybody. Kill everybody. I’m the champ.”

With the victory, Chimaev climbed to 10-0 as a professional, with all wins coming via finishes. In his four appearances the UFC – three have taken place in Abu Dhabi – he has landed a total of 254 strikes while receiving only two. Against Li, he landed all 25 strikes. His Chinese opponent was 0 for 1.

Chimaev, 27, began the bout by lifting Li over to the far side of the octagon, directly in front of UFC president Dana White – in what appeared to be an intentional move towards the American. Afterwards, he apparently called out White for looking at his phone at one point during the action.

All the action from UFC 267

  • Fans outside the arena during UFC 267 at the Etihad Arena in Abu Dhabi on October 30, 2021. All Images Chris Whiteoak / The National
    Fans outside the arena during UFC 267 at the Etihad Arena in Abu Dhabi on October 30, 2021. All Images Chris Whiteoak / The National
  • Petr Yan won the UFC interim bantamweight title fight against Cory Sandhagen at UFC 267in Abu Dhabi.
    Petr Yan won the UFC interim bantamweight title fight against Cory Sandhagen at UFC 267in Abu Dhabi.
  • Cory Sandhagen (blue) takes a kick from Petr Yan (red) at UFC 267.
    Cory Sandhagen (blue) takes a kick from Petr Yan (red) at UFC 267.
  • UFC interim bantamweight title match between Cory Sandhagen (blue) and Petr Yan (red) at the Etihad Arena, Yas Island, Abu Dhabi.
    UFC interim bantamweight title match between Cory Sandhagen (blue) and Petr Yan (red) at the Etihad Arena, Yas Island, Abu Dhabi.
  • Glover Teixeira stunned Jan Błachowicz in their light heavyweight title match at UFC 267.
    Glover Teixeira stunned Jan Błachowicz in their light heavyweight title match at UFC 267.
  • Glover Teixeira submitted Jan Błachowicz for the UFC light heavyweight title.
    Glover Teixeira submitted Jan Błachowicz for the UFC light heavyweight title.
  • Light heavyweight title fight between Glover Teixeira (blue) and Jan Błachowicz (red).
    Light heavyweight title fight between Glover Teixeira (blue) and Jan Błachowicz (red).
  • Glover Teixeira submitted Jan Błachowicz at UFC 267.
    Glover Teixeira submitted Jan Błachowicz at UFC 267.
  • Glover Teixeira (blue) overpowered Jan Błachowicz (red) at UFC 267.
    Glover Teixeira (blue) overpowered Jan Błachowicz (red) at UFC 267.
  • Emirati performers during UFC 267 at the Etihad Arena on Yas Island, Abu Dhabi.
    Emirati performers during UFC 267 at the Etihad Arena on Yas Island, Abu Dhabi.
  • Allan Nascimento lost to Tagir Ulanbekov (red) in the opening bout at UFC 267.
    Allan Nascimento lost to Tagir Ulanbekov (red) in the opening bout at UFC 267.
  • Tagir Ulanbekov (red) after his flyweight win over Allan Nascimento.
    Tagir Ulanbekov (red) after his flyweight win over Allan Nascimento.
  • Khabib Nurmagomedov watches the flyweight bout between Allan Nascimento and Tagir Ulanbekov at the Etihad Arena.
    Khabib Nurmagomedov watches the flyweight bout between Allan Nascimento and Tagir Ulanbekov at the Etihad Arena.
  • UFC flyweight bout between Allan Nascimento (blue) and Tagir Ulanbekov (red) at UFC 267. Etihad Arena, Yas Island, Abu Dhabi
    UFC flyweight bout between Allan Nascimento (blue) and Tagir Ulanbekov (red) at UFC 267. Etihad Arena, Yas Island, Abu Dhabi
  • Etihad crew members outside the Etihad Arena.
    Etihad crew members outside the Etihad Arena.
  • Emirati performers during UFC 267 in Abu Dhabi.
    Emirati performers during UFC 267 in Abu Dhabi.
  • Lerone Murphy (blue) is tackled by Makwan Amirkhani (red) in their featherweight bout.
    Lerone Murphy (blue) is tackled by Makwan Amirkhani (red) in their featherweight bout.
  • Light heavyweight bout between Michał Oleksiejczuk (blue) and Shamil Gamzatov (red).
    Light heavyweight bout between Michał Oleksiejczuk (blue) and Shamil Gamzatov (red).
  • Andre Petroski (blue) takes hold of Hu Yaozong (red) in their middleweight bout.
    Andre Petroski (blue) takes hold of Hu Yaozong (red) in their middleweight bout.
  • Zubaira Tukhugov won his featherweight bout against Ricardo Ramos.
    Zubaira Tukhugov won his featherweight bout against Ricardo Ramos.
  • Women's strawweight bout between Virna Jandiroba (blue) and Amanda Ribas.
    Women's strawweight bout between Virna Jandiroba (blue) and Amanda Ribas.
  • Zubaira Tukhugov after defeating Ricardo Ramos at the Etihad Arena.
    Zubaira Tukhugov after defeating Ricardo Ramos at the Etihad Arena.
  • Elizeu Zaleski dos Santos after winning his welterweight fight in Abu Dhabi.
    Elizeu Zaleski dos Santos after winning his welterweight fight in Abu Dhabi.
  • Michał Oleksiejczuk won the light heavyweight bout with Shamil Gamzatov.
    Michał Oleksiejczuk won the light heavyweight bout with Shamil Gamzatov.
  • Roman Kopylov defends against and Albert Duraev (red).
    Roman Kopylov defends against and Albert Duraev (red).
  • Khamzat Chimaev won in the first round against Li Jingliang.
    Khamzat Chimaev won in the first round against Li Jingliang.
  • Khamzat Chimaev submitted Li Jingliang at the Etihad Arena.
    Khamzat Chimaev submitted Li Jingliang at the Etihad Arena.
  • Khamzat Chimaev dominated on his UFC return.
    Khamzat Chimaev dominated on his UFC return.
  • Coach Khabib Nurmagomedov celebrates Islam Makhachev's win over Dan Hooker.
    Coach Khabib Nurmagomedov celebrates Islam Makhachev's win over Dan Hooker.
  • Khabib Nurmagomedov celebrates Islam Makhachev's lightweight bout win over Dan Hooker.
    Khabib Nurmagomedov celebrates Islam Makhachev's lightweight bout win over Dan Hooker.
  • Heavyweight bout between Marcin Tybura (blue) and Alexander Volkov.
    Heavyweight bout between Marcin Tybura (blue) and Alexander Volkov.
  • Dan Hooker (blue) and Islam Makhachev (red) at UFC 267.
    Dan Hooker (blue) and Islam Makhachev (red) at UFC 267.
  • Islam Makhachev (red) dominated Dan Hooker at UFC 267.
    Islam Makhachev (red) dominated Dan Hooker at UFC 267.
Match info

Wolves 0

Arsenal 2 (Saka 43', Lacazette 85')

Man of the match: Shkodran Mustafi (Arsenal)

'Saand Ki Aankh'

Produced by: Reliance Entertainment with Chalk and Cheese Films
Director: Tushar Hiranandani
Cast: Taapsee Pannu, Bhumi Pednekar, Prakash Jha, Vineet Singh
Rating: 3.5/5 stars

Start-up hopes to end Japan's love affair with cash

Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.

Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.

Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.

Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.

Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.

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

Most wanted allegations
  • Benjamin Macann, 32: involvement in cocaine smuggling gang.
  • Jack Mayle, 30: sold drugs from a phone line called the Flavour Quest.
  • Callum Halpin, 27: over the 2018 murder of a rival drug dealer. 
  • Asim Naveed, 29: accused of being the leader of a gang that imported cocaine.
  • Calvin Parris, 32: accused of buying cocaine from Naveed and selling it on.
  • John James Jones, 31: allegedly stabbed two people causing serious injuries.
  • Callum Michael Allan, 23: alleged drug dealing and assaulting an emergency worker.
  • Dean Garforth, 29: part of a crime gang that sold drugs and guns.
  • Joshua Dillon Hendry, 30: accused of trafficking heroin and crack cocain. 
  • Mark Francis Roberts, 28: grievous bodily harm after a bungled attempt to steal a £60,000 watch.
  • James ‘Jamie’ Stevenson, 56: for arson and over the seizure of a tonne of cocaine.
  • Nana Oppong, 41: shot a man eight times in a suspected gangland reprisal attack. 
Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ERick%20Famuyiwa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EPedro%20Pascal%20and%20Katee%20Sackhoff%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%C2%A0%3C%2Fp%3E%0A
Notable Yas events in 2017/18

October 13-14 KartZone (complimentary trials)

December 14-16 The Gulf 12 Hours Endurance race

March 5 Yas Marina Circuit Karting Enduro event

March 8-9 UAE Rotax Max Challenge

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Silkhaus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Aahan%20Bhojani%20and%20Ashmin%20Varma%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Property%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%247.75%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Nuwa%20Capital%2C%20VentureSouq%2C%20Nordstar%2C%20Global%20Founders%20Capital%2C%20Yuj%20Ventures%20and%20Whiteboard%20Capital%3C%2Fp%3E%0A
57%20Seconds
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How the bonus system works

The two riders are among several riders in the UAE to receive the top payment of £10,000 under the Thank You Fund of £16 million (Dh80m), which was announced in conjunction with Deliveroo's £8 billion (Dh40bn) stock market listing earlier this year.

The £10,000 (Dh50,000) payment is made to those riders who have completed the highest number of orders in each market.

There are also riders who will receive payments of £1,000 (Dh5,000) and £500 (Dh2,500).

All riders who have worked with Deliveroo for at least one year and completed 2,000 orders will receive £200 (Dh1,000), the company said when it announced the scheme.

RESULT

Fifth ODI, at Headingley

England 351/9
Pakistan 297
England win by 54 runs (win series 4-0)

HERO%20CUP%20TEAMS
%3Cp%3E%3Cstrong%3E%3Cins%3EContinental%20Europe%3Cbr%3E%3C%2Fins%3E%3C%2Fstrong%3EFrancesco%20Molinari%20(c)%3Cbr%3EThomas%20Detry%3Cbr%3ERasmus%20Hojgaard%3Cbr%3EAdrian%20Meronk%3Cbr%3EGuido%20Migliozzi%3Cbr%3EAlex%20Noren%3Cbr%3EVictor%20Perez%3Cbr%3EThomas%20Pieters%3Cbr%3ESepp%20Straka%3Cbr%3EPlayer%20TBC%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3E%3Cins%3EGreat%20Britain%20%26amp%3B%20Ireland%3C%2Fins%3E%3C%2Fstrong%3E%3Cbr%3ETommy%20Fleetwood%20(c)%3Cbr%3EEwen%20Ferguson%3Cbr%3ETyrrell%20Hatton%3Cbr%3EShane%20Lowry%3Cbr%3ERobert%20MacIntyre%3Cbr%3ESeamus%20Power%3Cbr%3ECallum%20Shinkwin%3Cbr%3EJordan%20Smith%3Cbr%3EMatt%20Wallace%3Cbr%3EPlayer%20TBC%3C%2Fp%3E%0A
Plan to boost public schools

A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.

It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.

Aspects of the school model will be extended to international private schools, the education minister has previously suggested.

Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.

SPEC%20SHEET
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Updated: October 31, 2021, 6:51 AM