• Dubai's population increased by 86,607 within a year, to reach 3,597,829 on Friday, authorities say. AP
    Dubai's population increased by 86,607 within a year, to reach 3,597,829 on Friday, authorities say. AP
  • This increase is expected to place pressure on infrastructure and amenities, as well as drive huge demand for new schools and housing. Antonie Robertson / The National
    This increase is expected to place pressure on infrastructure and amenities, as well as drive huge demand for new schools and housing. Antonie Robertson / The National
  • The resurrected Jebel Ali Palm is expected to eventually accommodate about 250,000 people when complete. Dubai Media Office
    The resurrected Jebel Ali Palm is expected to eventually accommodate about 250,000 people when complete. Dubai Media Office
  • Taaleem will open the Dubai British School Jumeirah in August, in time for the 2024-25 academic year. Taaleem
    Taaleem will open the Dubai British School Jumeirah in August, in time for the 2024-25 academic year. Taaleem
  • Bridges such as Infinity Bride that opened in 2022 have improved connectivity across Dubai Creek while new roads have improved access across the city and to other emirates. Ruel Pableo / The National
    Bridges such as Infinity Bride that opened in 2022 have improved connectivity across Dubai Creek while new roads have improved access across the city and to other emirates. Ruel Pableo / The National
  • Dr Frederic Schneider, an economist and consultant on Gulf labour and human capital issues, said while a booming property market could top-up spending for local infrastructure, the skills market could face disruption due to higher rents and sale prices. Dr Schneider.
    Dr Frederic Schneider, an economist and consultant on Gulf labour and human capital issues, said while a booming property market could top-up spending for local infrastructure, the skills market could face disruption due to higher rents and sale prices. Dr Schneider.
  • The Damac Lagoons cluster of 11 themed residential communities off Hessa Street is set to be completed around 2026.
    The Damac Lagoons cluster of 11 themed residential communities off Hessa Street is set to be completed around 2026.
  • A rendering of the three-million-square-metre community in Tilal Al Ghaf. Majid Al Futtaim
    A rendering of the three-million-square-metre community in Tilal Al Ghaf. Majid Al Futtaim
  • The overall Tilal Al Ghaf project, built over multiple phases with completion scheduled for 2027, will include more than 6,500 freehold homes ranging from flats and town houses to larger, luxury villas. Reem Mohammed / The National
    The overall Tilal Al Ghaf project, built over multiple phases with completion scheduled for 2027, will include more than 6,500 freehold homes ranging from flats and town houses to larger, luxury villas. Reem Mohammed / The National
  • A metro extension – Route 2020 – to bring passengers to the World Expo site opened in 2021 but new stations were also constructed in residential areas such as The Gardens, Discovery Gardens and Al Furjan. RTA
    A metro extension – Route 2020 – to bring passengers to the World Expo site opened in 2021 but new stations were also constructed in residential areas such as The Gardens, Discovery Gardens and Al Furjan. RTA
  • The Dubai Centre for Intelligent Traffic Systems reduce accident response times and helps manage congestion. RTA
    The Dubai Centre for Intelligent Traffic Systems reduce accident response times and helps manage congestion. RTA

Dubai’s population is surging. How can it prepare?


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Dubai's population is surging. According to the Dubai Statistics Centre, the emirate's population has increased by 86,607 in a year hitting 3,597,829 on Friday.

The growth amplifies a post-coronavirus surge that resulted in Dubai's population hitting the 3.5 million mark in April 2022.

This increase is expected to place pressure on infrastructure and amenities, as well as drive huge demand for new schools, better public transport and hundreds of thousands of new homes.

Many new arrivals are expected to be from Russia and sub-Saharan Africa, in addition to typical markets such as Europe and the Indian subcontinent.

The Oasis by Emaar is one recently announced project set to house 7,000 residential units, while the resurrected Jebel Ali Palm is expected to eventually accommodate about 250,000 people when complete.

It is crucial to address several key issues when considering urban planning and transportation systems
Dr Alexandra Gomes,
London School of Economics. 

Meanwhile, the Damac Lagoons cluster of 11 themed residential communities and the 3-million-square-metre Tilal Al Ghaf community off Hessa Street are expected to add significant pressure to existing infrastructure once completed in around 2026.

The developments are some of a huge number of communities expected to swell the emirate’s population.

The rise also underlines how the post-Covid trend of people flocking to Dubai is no one-off.

Even Dubai’s 2040 Urban Master Plan aims to transform the emirate, making it more sustainable and interconnected to cater to an expected population of 5.8 million.

How does a city prepare? The National spoke to several experts.

Moving people around the city

Free-flowing roads and well-managed transport systems are at the heart of an effective modern city, and with a population expecting rapid growth, planning for Dubai’s transport network is more important than ever.

With plans to switch to net-zero emission public transport by 2050, the emirate's Roads and Transport Authority is launching a transformative phase of travel networks around the city.

More charging stations for electric vehicles and access to last-mile solutions such as electric bikes and scooters to encourage more people on to public transport are solutions already up and running.

“Managing transportation is a complex task both within the Middle East and elsewhere,” said Dr Alexandra Gomes at the London School of Economics.

“Public transport faces challenges due to insufficient investment in many cities worldwide and these challenges become even more pronounced in cities with low-density development and easy access to cheap petrol.

“This situation makes it more difficult to implement rail systems, while necessitating increased investment in road infrastructure to accommodate the growing motorisation rates.”

Wider roads to cope with more traffic, with double-decker highways are some options to ease congestion on key routes, solutions already introduced in Abu Dhabi and Kuwait.

In Dubai, a new Traffic Control Centre in Al Barsha will increase smart system cover to 60 per cent of the city’s road network to reduce bottlenecks and accidents, while providing instant traffic information for motorists.

By achieving higher densities, cities can support various rail systems such as trains, monorails or trams, which can be supplemented by bus systems and active modes of transport in areas with lower densities.

“In the UAE, we love our private cars and the convenience they provide,” said Monica Menendez, an associate dean of engineering at New York University Abu Dhabi and director of the Research Centre for Interacting Urban Networks.

“As the population surges, we need to think of other [mobility] alternatives that are more sustainable from an economic, social and environmental perspective.

“Public transport has a much smaller spatial and environmental footprint than cars, so it not only reduces traffic congestion but also emissions.

“We have seen a lot of advances when it comes to both information and technology and could leverage such advances like location-based services, data platforms and autonomous vehicles to significantly increase the appeal, efficiency, and reliability of public transport services.”

The challenge of soaring rents

Rapid population growth in Dubai, fuelled by geopolitics, has driven up house prices and rents at rates rarely seen this century.

The UAE’s much-lauded handling of the global pandemic made the country an attractive place for many in the post-Covid era, while the war in Ukraine has forced tens of thousands more to relocate to Dubai.

That led to a series of bank-busting real estate deals that set new property records in the emirate.

In 2022, two villas on The Palm Jumeirah sold for $76 million and $82 million, while an Emirates Hills mansion was put up for sale for $204 million in May.

While the mega sales offer a boost to government revenue through a Dubai Land Department levy on direct property transfer fees, other pressures are felt elsewhere.

Dr Frederic Schneider, an economist and consultant on Gulf labour and human capital issues, said while a booming property market could top-up spending for local infrastructure, the skills market could face disruption due to higher rents and sale prices.

“The most direct impact of the sales is on government revenue,” he said.

“On the wider economy, residential property investment is correlated with economic growth in the short term, but with a long-term relation that is zero in the best case and negative in the worst.

“This bonanza has stoked speculation that the influx of foreign ultra-high net worth individuals (UHNWIs) and the resulting boom in the ultra-prime property market could carry the UAE’s post-oil economy to sustained heights.

“The effect of billionaires, specifically, on the economy is complex.

“Extreme wealth can come from different sources, including entrepreneurship, inheritance, rent seeking, and nepotism.

“Instead of attracting billionaires – who either never were or have ceased to be entrepreneurs – it would be better to attract highly-skilled professionals and knowledge workers, who may become billionaires through founding SMEs and creating jobs.

“This means that even if the buyers of ultra-prime property live in Dubai, the local economy will likely not benefit if they are heirs, oligarchs or princelings but, maybe, if they are entrepreneurs and move their business with them.”

Building the city of tomorrow

Dubai has already ramped up major infrastructure works to cope with the influx of people.

A metro extension – Route 2020 – to bring passengers to the World Expo site opened in 2021 but new stations were also constructed in residential areas such as The Gardens, Discovery Gardens and Al Furjan.

It brought major communities close to affordable and accessible public transport.

A further Metro extension is planned for growing districts such as Mirdiff, Dubai Creek Harbour and Dubai Silicon Oasis.

Bridges such as Infinity Bride that opened in 2022 have improved connectivity across Dubai Creek while new roads have improved access across the city and to other emirates.

But a major plan launched by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in 2021 shows a glimpse of the future.

The Dubai 2040 Urban Master Plan was published as the city rebounded strongly from the pandemic, with events and conferences returning and people pouring into the emirate on the back of its pro-business sentiment.

A miniature scale of the residences planned for Expo City Dubai. Ruel Pableo / The National
A miniature scale of the residences planned for Expo City Dubai. Ruel Pableo / The National

The ambitious framework lays down how the city is going to sustainably adapt to the population swell in terms of schools, hospitals, economic zones, parks and transport while protecting heritage and the environment.

Development is to focus on five main urban areas – three existing and two new. The existing urban centres are heritage neighbourhoods Deira and Bur Dubai, the financial centre of Downtown and Business Bay, and tourism and entertainment centres Dubai Marina and JBR. The new centres are exhibition and events gateway Expo City Dubai and innovation hub, Dubai Silicon Oasis Centre.

Spaces designated for educational and health centres will increase by 25 per cent while beaches will be extended, with about 60 per cent of Dubai comprising nature reserves and natural areas.

Crucially, it aims for 55 per cent of the population to live within 800 metres of a main public transport station.

Dubai’s efforts to build public transport have already been hugely successful. Soaring numbers of people are flocking to both lines of the Metro and this plan builds on those firm foundations.

The plan also envisages green corridors linking the service areas, residential areas and workplaces, easing the movement of pedestrians, bicycles and sustainable mobility means across the city.

Homes for Emiratis are also included, with strategic land banks reserved for housing beyond 2040.

Dubai, therefore, is thinking decades ahead.

2.0

Director: S Shankar

Producer: Lyca Productions; presented by Dharma Films

Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey

Rating: 3.5/5 stars

THURSDAY'S FIXTURES

4pm Maratha Arabians v Northern Warriors

6.15pm Deccan Gladiators v Pune Devils

8.30pm Delhi Bulls v Bangla Tigers

Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ENadeera%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%2C%20UAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ERabih%20El%20Chaar%20and%20Reem%20Khattar%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ECleanTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20About%20%241%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EHope%20Ventures%2C%20Rasameel%20Investments%20and%20support%20from%20accelerator%20programmes%20%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3C%2Fp%3E%0A
ENGLAND SQUAD

Joe Root (captain), Dom Sibley, Rory Burns, Dan Lawrence, Ben Stokes, Ollie Pope, Ben Foakes (wicketkeeper), Moeen Ali, Olly Stone, Chris Woakes, Jack Leach, Stuart Broad

Asia Cup Qualifier

Final
UAE v Hong Kong

TV:
Live on OSN Cricket HD. Coverage starts at 5.30am

ESSENTIALS

The flights 
Emirates, Etihad and Swiss fly direct from the UAE to Zurich from Dh2,855 return, including taxes.
 

The chalet
Chalet N is currently open in winter only, between now and April 21. During the ski season, starting on December 11, a week’s rental costs from €210,000 (Dh898,431) per week for the whole property, which has 22 beds in total, across six suites, three double rooms and a children’s suite. The price includes all scheduled meals, a week’s ski pass, Wi-Fi, parking, transfers between Munich, Innsbruck or Zurich airports and one 50-minute massage per person. Private ski lessons cost from €360 (Dh1,541) per day. Halal food is available on request.

Barcelona 3
Messi (27’, 32’, 87’)

Leganes 1
El Zhar (68’)

Nepotism is the name of the game

Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad. 

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.0%20twin-turbo%20inline%20six-cylinder%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3Eeight-speed%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E600Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh400%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

Rafael Nadal's record at the MWTC

2009 Finalist

2010 Champion

Jan 2011 Champion

Dec 2011 Semi-finalist

Dec 2012 Did not play

Dec 2013 Semi-finalist

2015 Semi-finalist

Jan 2016 Champion

Dec 2016 Champion

2017 Did not play

 

'THE WORST THING YOU CAN EAT'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

SERIES SCHEDULE

First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6

Mane points for safe home colouring
  • Natural and grey hair takes colour differently than chemically treated hair
  • Taking hair from a dark to a light colour should involve a slow transition through warmer stages of colour
  • When choosing a colour (especially a lighter tone), allow for a natural lift of warmth
  • Most modern hair colours are technique-based, in that they require a confident hand and taught skills
  • If you decide to be brave and go for it, seek professional advice and use a semi-permanent colour
Dubai World Cup nominations

UAE: Thunder Snow/Saeed bin Suroor (trainer), North America/Satish Seemar, Drafted/Doug Watson, New Trails/Ahmad bin Harmash, Capezzano, Gronkowski, Axelrod, all trained by Salem bin Ghadayer

USA: Seeking The Soul/Dallas Stewart, Imperial Hunt/Luis Carvajal Jr, Audible/Todd Pletcher, Roy H/Peter Miller, Yoshida/William Mott, Promises Fulfilled/Dale Romans, Gunnevera/Antonio Sano, XY Jet/Jorge Navarro, Pavel/Doug O’Neill, Switzerland/Steve Asmussen.

Japan: Matera Sky/Hideyuki Mori, KT Brace/Haruki Sugiyama. Bahrain: Nine Below Zero/Fawzi Nass. Ireland: Tato Key/David Marnane. Hong Kong: Fight Hero/Me Tsui. South Korea: Dolkong/Simon Foster.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Company%20profile
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EWafeq%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJanuary%202019%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ENadim%20Alameddine%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%3Cstrong%3E%3Cbr%3EIndustry%3A%20%3C%2Fstrong%3Esoftware%20as%20a%20service%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%20%3C%2Fstrong%3E%243%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3ERaed%20Ventures%20and%20Wamda%2C%20among%20others%3C%2Fp%3E%0A
PROFILE BOX

Company name: Overwrite.ai

Founder: Ayman Alashkar

Started: Established in 2020

Based: Dubai International Financial Centre, Dubai

Sector: PropTech

Initial investment: Self-funded by founder

Funding stage: Seed funding, in talks with angel investors

The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Teams

Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq

Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi

Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag

Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC

Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC

Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium

Format 10 overs per side, matches last for 90 minutes

Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

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.”

MATCH INFO

Inter Milan 1 (Martinez 18' pen)

Juventus 2 (Dybala 4', Higuain 80')

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Emirates exiles

Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.

Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.

Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.

Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.

Leaderboard

63 - Mike Lorenzo-Vera (FRA)

64 - Rory McIlroy (NIR)

66 - Jon Rahm (ESP)

67 - Tom Lewis (ENG), Tommy Fleetwood (ENG)

68 - Rafael Cabrera-Bello (ESP), Marcus Kinhult (SWE)

69 - Justin Rose (ENG), Thomas Detry (BEL), Francesco Molinari (ITA), Danny Willett (ENG), Li Haotong (CHN), Matthias Schwab (AUT)

%E2%80%98FSO%20Safer%E2%80%99%20-%20a%20ticking%20bomb
%3Cp%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%20has%20been%20moored%20off%20the%20Yemeni%20coast%20of%20Ras%20Issa%20since%201988.%3Cbr%3EThe%20Houthis%20have%20been%20blockading%20UN%20efforts%20to%20inspect%20and%20maintain%20the%20vessel%20since%202015%2C%20when%20the%20war%20between%20the%20group%20and%20the%20Yemen%20government%2C%20backed%20by%20the%20Saudi-led%20coalition%20began.%3Cbr%3ESince%20then%2C%20a%20handful%20of%20people%20acting%20as%20a%20%3Ca%20href%3D%22https%3A%2F%2Fwww.google.ae%2Furl%3Fsa%3Dt%26rct%3Dj%26q%3D%26esrc%3Ds%26source%3Dweb%26cd%3D%26ved%3D2ahUKEwiw2OfUuKr4AhVBuKQKHTTzB7cQFnoECB4QAQ%26url%3Dhttps%253A%252F%252Fwww.thenationalnews.com%252Fworld%252Fmena%252Fyemen-s-floating-bomb-tanker-millions-kept-safe-by-skeleton-crew-1.1104713%26usg%3DAOvVaw0t9FPiRsx7zK7aEYgc65Ad%22%20target%3D%22_self%22%3Eskeleton%20crew%3C%2Fa%3E%2C%20have%20performed%20rudimentary%20maintenance%20work%20to%20keep%20the%20%3Cem%3ESafer%3C%2Fem%3E%20intact.%3Cbr%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%20is%20connected%20to%20a%20pipeline%20from%20the%20oil-rich%20city%20of%20Marib%2C%20and%20was%20once%20a%20hub%20for%20the%20storage%20and%20export%20of%20crude%20oil.%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3EThe%20%3Cem%3ESafer%3C%2Fem%3E%E2%80%99s%20environmental%20and%20humanitarian%20impact%20may%20extend%20well%20beyond%20Yemen%2C%20experts%20believe%2C%20into%20the%20surrounding%20waters%20of%20Saudi%20Arabia%2C%20Djibouti%20and%20Eritrea%2C%20impacting%20marine-life%20and%20vital%20infrastructure%20like%20desalination%20plans%20and%20fishing%20ports.%C2%A0%3C%2Fp%3E%0A
England-South Africa Test series

1st Test England win by 211 runs at Lord's, London

2nd Test South Africa win by 340 runs at Trent Bridge, Nottingham

3rd Test July 27-31 at The Oval, London

4th Test August 4-8 at Old Trafford, Manchester

The team

Photographer: Mateusz Stefanowski at Art Factory 
Videographer: Jear Valasquez 
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory 
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat 
Photographer’s assistant: Sophia Shlykova 
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi 

 
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

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%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A

Age 26

Born May 17, 1991

Height 1.80 metres

Birthplace Sydney, Australia

Residence Eastbourne, England

Plays Right-handed

WTA titles 3

Prize money US$5,761,870 (Dh21,162,343.75)

Wins / losses 312 / 181

Updated: June 28, 2023, 6:45 AM