Abu Dhabi Ocean Racing's Azzam will start the Volvo Ocean Race on Saturday. Courtesy Ian Roman/Abu Dhabi Ocean Racing
Abu Dhabi Ocean Racing's Azzam will start the Volvo Ocean Race on Saturday. Courtesy Ian Roman/Abu Dhabi Ocean Racing
Abu Dhabi Ocean Racing's Azzam will start the Volvo Ocean Race on Saturday. Courtesy Ian Roman/Abu Dhabi Ocean Racing
Abu Dhabi Ocean Racing's Azzam will start the Volvo Ocean Race on Saturday. Courtesy Ian Roman/Abu Dhabi Ocean Racing

Who is on deck for Azzam at the Volvo Ocean Race?: Meet the crew


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Meet the crew members of the Abu Dhabi Ocean Racing team before they embark on the around-the-world race:

Ian Walker, skipper, 44

Could it be third time lucky for Walker, skipper of Azzam? Many observers feel nobody has been more determined to finally win one of sailing’s biggest prizes than the two-time Olympic silver medallist.

His past two VORs, as skipper both times, have been disappointing, not least Azzam’s start in 2011/12, when its mast broke during the first night of the first leg.

There has been a quiet confidence about Walker this time, almost since it was announced that this was to be a one-design boat VOR. Because of that and his past experience in one-design races at the Olympics the odds seem to have shifted in his favour.

“It’s a much more level playing field and much more like the Olympic sailing I am used to. It’s a real test of the team itself.”

He has the most experienced crew around him and is not reluctant to make decisions based on their expertise.

Phil Harmer, trimmer and helmsman, 35

Another deeply experienced member of the crew, Harmer will be taking part in his fourth race.

Like Slattery, the Australian knows what it feels like to win a round-the-world ocean race; he was part of the French boat Groupama that won the 2011/12 edition.

His will be a crucial presence, especially for Walker, as they are watch partners. “He is a very fast helmsman, got a great feel for it,” Walker said.

“I will nearly always discuss everything with him. Why would you not with somebody who has more experience than you? You are more likely to make the right decision.”

That tribute is no surprise given the pair sailed together on Green Dragon in 2008/09, which was Walker’s first VOR and one he skippered.

Harmer is a sailmaker by trade and lives in England; he will be one of the key lieutenants on Azzam.

Adil Khalid, trimmer and helmsman, 26

Ian Walker says Khalid is the real “face” of Abu Dhabi Ocean Racing’s (ADOR) boat and campaign.

He is the only Emirati on the crew, he is also the first Arab sailor to compete in the race and finish it, and he is a young role model.

He is also not as green as he was last time round when he had a gruelling introduction to the race and was generally one of Azzam’s quieter characters.

He has changed since. In February this year, Walker pointed out that Khalid returned from his break “twice the size he was last time, from gym work”.

Walker has also been keen to push him into a more senior role in the crew this time, realising both his ability and the significance of what it means for the region. This time, Khalid says, he wants “to make winning the reality”.

Justin Slattery, bowman, trimmer and helmsman, 40

A familiar face around the event and to his skipper, Walker. The Irishman is in his fifth race and, perhaps most importantly, knows what it is like to win a VOR.

He won in 2005/06 with ABN AMRO One. He has also sailed with Walker twice before, during the last race on Azzam but also in Walker’s first race, on Green Dragon in 2008/09.

That was a disappointing race in which they finished fifth out of eight teams.

Few on the crew will be as fit as him: The Irish Times once noted of him that he had “the arms of a prop and the body of a scrum-half”.

Within the team he is acknowledged as a famously hard worker, unable to let go until the job is fully done.

“He is the rock on the boat,” said Walker, “hard as nails and has an incredible work ethic.”

Daryl Wislang, pitman and bow captain, 33

The final addition to the Azzam crew is likely to prove a significant one. Wislang is, like so many teammates, a VOR veteran and this will be the New Zealander’s fourth attempt.

He was part of Camper’s runners-up campaign last time round. “He’s doing well so far,” Walker said. “He sailed with Camper last time and is a strong helmsman and our boat captain.

“So if we have any problem with the boat, if the engine doesn’t start or we have a leak, or break something, he’s the first person. He’s also a qualified sailmaker.”

He has also just had his first child, a daughter, so the timing of this race is probably less than ideal. But his wife and daughter are expected to travel to all the stopovers.

He says the friendships and camaraderie drive him, but “the real reason I’m back is the fact that I haven’t won one yet”.

Roberto Bermudez, trimmer and helmsman, 44

Sailors do not come more experienced or decorated than “Chuny” Bermudez.

He first took part in the VOR in 1993/94 and this will be his sixth campaign. The Spaniard is also an Olympian and has taken part in two America’s Cup campaigns. He finished second last time with Camper and skippered Delta Lloyd in the 2008/09 race. Walker, a leader of consensus, will know just how much that experience means.

“I have guys like Bermudez who have done five VORs before and he has skippered before. He doesn’t need me to tell him when to change a sail.”

He is four days younger than Walker and the oldest member of the crew. “It will be my sixth race and, sure I’m experienced – but I’m also getting older, and with age come good things and bad things. “The experience is positive; you know which factors matter more. On the other hand, your body is changing and you have to work harder.”

Luke Parkinson, bowman and helmsman, 24

One look at the Australian and it is easy to see why Walker joked earlier this year that Parkinson would be doing all the manual labour on Azzam.

He is a natural athlete, as evidenced by his twin loves outside of sailing; skateboarding and rugby.

He has been sailing since he was seven and was picked by Walker after he emailed him with a CV expressing his interest (with strong recommendations from within sailing circles).

The pair sailed together from Hong Kong to Vietnam, then did the Sydney-to-Hobart race and Walker was convinced.

At 24 he is the baby of the crew, but also a qualified sailmaker and a first aid and sea survival expert.

“I was very impressed with his attitude and his skills as both a bowman and offshore helmsman,” Walker said. “He is a multi-tasker, which will be essential in this race.”

Simon Fisher, navigator, 36

SiFi is back for another stint with Azzam, with a slightly tweaked role – this time he will be the team’s navigator, and not a helmsman and trimmer.

He has done the role before, on board Telefonica Blue in 2008/09. Yet another with plenty of VOR experience, this is his fourth campaign (to which can be added two America’s Cup races).

“Having worked with the team once before I believe we have a great team both on and off the water.

“We have the benefit of building on all the lessons we learnt in the last race and now we should have all the tools to compete at the highest level.”

Fisher will be a key part of the strategic side of Azzam’s race.

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RESULT

Copa del Rey, semi-final second leg

Real Madrid 0
Barcelona 3 (Suarez (50', 73' pen), Varane (69' OG)

The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
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The specs: 2017 GMC Sierra 1500 Denali

Price, base / as tested Dh207,846 / Dh220,000

Engine 6.2L V8

Transmission Eight-speed automatic

Power 420hp @ 5,600rpm

Torque 624Nm @ 4,100rpm

Fuel economy, combined 13.5L / 100km

The specs

Engine: 2.3-litre, turbo four-cylinder

Transmission: 10-speed auto

Power: 300hp

Torque: 420Nm

Price: Dh189,900

On sale: now

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
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Ukraine%20exports
%3Cp%3EPresident%20Volodymyr%20Zelenskyy%20has%20overseen%20grain%20being%20loaded%20for%20export%20onto%20a%20Turkish%20ship%20following%20a%20deal%20with%20Russia%20brokered%20by%20the%20UN%20and%20Turkey.%3Cbr%3E%22The%20first%20vessel%2C%20the%20first%20ship%20is%20being%20loaded%20since%20the%20beginning%20of%20the%20war.%20This%20is%20a%20Turkish%20vessel%2C%22%20Zelensky%20said%2C%20adding%20exports%20could%20start%20in%20%22the%20coming%20days%22%20under%20the%20plan%20aimed%20at%20getting%20millions%20of%20tonnes%20of%20Ukrainian%20grain%20stranded%20by%20Russia's%20naval%20blockade%20to%20world%20markets.%3Cbr%3E%22Our%20side%20is%20fully%20prepared%2C%22%20he%20said.%20%22We%20sent%20all%20the%20signals%20to%20our%20partners%20--%20the%20UN%20and%20Turkey%2C%20and%20our%20military%20guarantees%20the%20security%20situation.%22%3C%2Fp%3E%0A
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

World Cup final

Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region

Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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

 

 

'Avengers: Infinity War'
Dir: The Russo Brothers
Starring: Chris Evans, Chris Pratt, Tom Holland, Robert Downey Junior, Scarlett Johansson, Elizabeth Olsen
Four stars

Madrid Open schedule

Men's semi-finals

Novak Djokovic (1) v Dominic Thiem (5) from 6pm

Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm

Women's final

Simona Halep (3) v Kiki Bertens (7) from 8.30pm

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Results

5.30pm: Maiden Dh165,000 (Turf) 1,600m; Winner: Al Battar, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer).

6.05pm: Maiden Dh165,000 (Dirt) 1,200m; Winner: Good Fighter, Richard Mullen, Satish Seemar.

6.40pm: Handicap Dh185,000 (T) 1,200m; Winner: Way Of Wisdom, Tadhg O’Shea, Satish Seemar.

7.15pm: Handicap Dh170,000 (D) 2,200m; Winner: Immortalised, Tadhg O’Shea, Satish Seemar.

7.50pm: Handicap Dh185,000 (T) 2,000m; Winner: Franz Kafka, James Doyle, Simon Crisford.

8.25pm: Handicap Dh185,000 (D) 1,200m; Winner: Mayadeen, Connor Beasley, Doug Watson.

9pm: Handicap Dh185,000 (T) 1,600m; Winner: Chiefdom, Mickael Barzalona, Salem bin Ghadayer

Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

Series info

Test series schedule 1st Test, Abu Dhabi: Sri Lanka won by 21 runs; 2nd Test, Dubai: Play starts at 2pm, Friday-Tuesday

ODI series schedule 1st ODI, Dubai: October 13; 2nd ODI, Abu Dhabi: October 16; 3rd ODI, Abu Dhabi: October 18; 4th ODI, Sharjah: October 20; 5th ODI, Sharjah: October 23

T20 series schedule 1st T20, Abu Dhabi: October 26; 2nd T20, Abu Dhabi: October 27; 3rd T20, Lahore: October 29

Tickets Available at www.q-tickets.com

Stat Fourteen Fourteen of the past 15 Test matches in the UAE have been decided on the final day. Both of the previous two Tests at Dubai International Stadium have been settled in the last session. Pakistan won with less than an hour to go against West Indies last year. Against England in 2015, there were just three balls left.

Key battle - Azhar Ali v Rangana Herath Herath may not quite be as flash as Muttiah Muralitharan, his former spin-twin who ended his career by taking his 800th wicket with his final delivery in Tests. He still has a decent sense of an ending, though. He won the Abu Dhabi match for his side with 11 wickets, the last of which was his 400th in Tests. It was not the first time he has owned Pakistan, either. A quarter of all his Test victims have been Pakistani. If Pakistan are going to avoid a first ever series defeat in the UAE, Azhar, their senior batsman, needs to stand up and show the way to blunt Herath.

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.”

Low turnout
Two months before the first round on April 10, the appetite of voters for the election is low.

Mathieu Gallard, account manager with Ipsos, which conducted the most recent poll, said current forecasts suggested only two-thirds were "very likely" to vote in the first round, compared with a 78 per cent turnout in the 2017 presidential elections.

"It depends on how interesting the campaign is on their main concerns," he told The National. "Just now, it's hard to say who, between Macron and the candidates of the right, would be most affected by a low turnout."

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now