ABU DHABI // It took six months, but Ian Walker and Neal McDonald have finally put together a crew they feel gives the Abu Dhabi Ocean Racing team its best shot at the 2014/15 Volvo Ocean Race (VOR).
Returning skipper Walker, a double Olympic silver medallist, introduced a new, slim-line crew in Abu Dhabi on Tuesday, and one more name will be announced in a couple of weeks.
In line with new race rules only eight sailors, down from 10, will be allowed on the boat, as well as one reporter. Walker and McDonald, the team’s performance manager, have put together an intriguing mix of the new and the familiar.
Four of the crew – Justin Slattery, Simon Fisher, Adil Khalid and Walker – sailed Azzam in the 2011/12 VOR. New recruits include Andrew McLean, Phil Harmer and Luke Parkinson.
That is a line-up of considerable experience, with 21 VORs between them. Harmer was a winner in 2011/12 with the Groupama team and McLean was a runner-up with Camper.
Walker has sailed with six of the crew before.
“It’s a mixture,” Walker said, before expanding on the long-drawn process of finding the right personnel.
“Half the guys were with us last time. We get a lot of people writing to me, sending their CVs, particularly younger guys.”
Race rules require two crewmen to be under 30.
“We trialled 10 U-30 guys last summer last summer in the UK, and in the end, found one with Parko [Parkinson] down in Australia.
“Some of the guys get recommended to me and some of the guys I have sailed with before, who weren’t available last time.”
The personnel will be more important than ever. One of the major rule changes for this year’s race, which begins in Alicante in October, is that all boats will be of the same design, a Volvo 65 race yacht. That levels the playing field and for Walker, used to similar regulations in Olympic competition, it makes a difference. The crew have been spending time together in the capital, out in the desert, quad-biking, riding camels and having fireside dinners.
“It’s something we have made a conscious effort to work harder on this year, not just looking at CVs, but talking to people, not just one person, but multiple people,” Walker said. “Take Luke Parkinson, for example. He was recommended to me, had written to me and sent a CV, but then I sailed with him 600 miles from Hong Kong to Vietnam, roomed with him for two weeks, then did [the] Sydney-Hobart [race] with him.
“This race is about people. We have to make sure we have the right guys and we spent a lot of time making sure we got them.”
One crew member who will need little orientation is the Emirati Khalid. The 24 year old emerged from over 120 Emiratis in January 2011 to earn a place on Azzam, but was one of the first to be re-signed for this year’s race.
Khalid has taken charge of the team’s sightseeing around Abu Dhabi, taking them sailing on a traditional dhow boat, as well.
“I am older, more experienced and I have a goal – to win it,” he said. “As a team, we’re ready for it, really ready for it.
“The first time, I wanted to win it, as well. We had a great team and we used to work hard together, but I learnt a lot of things on that race and that was a great experience.”
With fewer crew members, the workload on Khalid will be greater, and as Walker pointed out in his introduction, he is considerably more muscled than he was last time round.
“I was 83 kgs when I started the last race and when I finished I was 67 kgs,” he said. “I’ve been working really hard, weightlifting, cross-fits, aerobics. I am better-prepared physically. This time will be about the physical work, so you have to be ready for everything.”
osamiuddin@thenational.ae
WISH
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The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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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
Sweet%20Tooth
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JAPAN SQUAD
Goalkeepers: Masaaki Higashiguchi, Shuichi Gonda, Daniel Schmidt
Defenders: Yuto Nagatomo, Tomoaki Makino, Maya Yoshida, Sho Sasaki, Hiroki Sakai, Sei Muroya, Genta Miura, Takehiro Tomiyasu
Midfielders: Toshihiro Aoyama, Genki Haraguchi, Gaku Shibasaki, Wataru Endo, Junya Ito, Shoya Nakajima, Takumi Minamino, Hidemasa Morita, Ritsu Doan
Forwards: Yuya Osako, Takuma Asano, Koya Kitagawa
In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
COMPANY%20PROFILE
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Afro%20salons
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Men from Barca's class of 99
Crystal Palace - Frank de Boer
Everton - Ronald Koeman
Manchester City - Pep Guardiola
Manchester United - Jose Mourinho
Southampton - Mauricio Pellegrino
Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
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