LIVE BLOG: Full coverage of Expo 2020 Dubai
It is here at last. The greatest show on Earth has arrived in town with the opening of Expo 2020 Dubai.
The months of waiting and the one-year delay caused by the global pandemic were swept away in a spectacular opening ceremony that was shown live at 430 locations across the UAE and on screens in New York's Times Square.
The breathtaking show culminated in a firework display to match the “big bang” promised by organisers to launch the next 182 days.
By hosting Expo 2020 Dubai, we aim to convey a message of tolerance and that we are willing to co-operate with all of the world
Sheikh Nahyan bin Mubarak
As darkness fell on Al Wasl Plaza, the 67-metre dome inspired by the shape of the official Expo logo, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai saw his dream became a reality.
It is nearly eight years since Dubai was awarded the right to host the 2020 world's fair, brought to life on a site that is now a city within a city, and reportedly bigger than Monaco.
Sheikh Mohammed was joined by Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces.
They watched as the evening began with a performance of the UAE national anthem performed by Emirati singer and actor Rashed Al Nuaimi, followed by fireworks in red, green and white to reflect the country’s flag.
UAE superstar Hussain Al Jassmi then took the stage for the opening sequence based on the story of the Expo 2020 Dubai logo and set on an undulating sand dune, as an Emirati girl is empowered by the spirit of expo and the discovery of a golden ring connecting the past to the present.
Next came the entry of the flags of the UAE, Expo 2020 Dubai and the BIE, the organising world body, after which the flags of all 192 nations taking part were revealed to a performance by the Grammy winner Angelique Kidjo and Saudi singer Mohammed Abdu.
For the formal opening ceremony, Sheikh Nahyan bin Mubarak, Expo 2020 Dubai Commissioner General and Minister of Tolerance and Coexistence, told the audience: “By hosting Expo 2020 Dubai, we aim to convey a message of tolerance and that we are willing to co0-operate with all of the world. By connecting minds, we hope to sow the seeds of progress for the next 50 or even 100 years.
“Today we say to the whole world, welcome to the United Arab Emirates and welcome to Expo 2020 Dubai, which will provide a significant platform for all people to connect, discuss and work together.”
Declaring the opening, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, offered a prayer, saying: “Today we witness, together, a new beginning, as we inaugurate, with the blessings of Allah, Expo 2020. May God grant us success.”
Jaw-dropping special effects
An international cast of more than 900 performers had been assembled for show that followed. There were Emiratis and others representing 64 countries, all already living and working in the UAE.
With the world’s biggest sound system and 152 projectors assembled inside the Al Wasl dome, the event featured jaw-dropping special effects. They began by depicting the birth of the planet in a glowing orb of fire. It then evolved into the blue and white globe of Earth and finally a shimmering pearl that descended under the sea.
Each segment featured an internationally famous artist, beginning with the Chinese concert pianist Lang Lang.
An underwater sequence filled with brilliant tropical fish, turtles and, finally, a giant whale represented living in harmony with nature and sustaining life, one of the themes of Expo 2020 Dubai.
It was followed by the award-winning singer Ellie Goulding and the song Anything Could Happen as clouds filled the dome.
Then came a performance by Golden Globe winning performer Andra Day, as cast members assembled into a caravan of humanity, representing the potential to create a better tomorrow.
In the show’s final act, the dome and plaza were transformed into a magical garden with dancers in fantastical costumes representing blossoming flowers. There was a huge silver and white ghaf tree, the native symbol of the UAE, along with the voice live on stage of the world-famous tenor Andrea Bocelli and a prayer in song: “When shadows fill our day, lead us to a place.”
A final firework display - the last and most spectacular of three during the performance - burst in the skies over the site, signalling not the end of the evening but the beginning of six months that unites the world in Dubai.
COMPANY%20PROFILE%20
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Start times
5.55am: Wheelchair Marathon Elites
6am: Marathon Elites
7am: Marathon Masses
9am: 10Km Road Race
11am: 4Km Fun Run
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
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How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
Calls
Directed by: Fede Alvarez
Starring: Pedro Pascal, Karen Gillian, Aaron Taylor-Johnson
4/5
A cryptocurrency primer for beginners
Cryptocurrency Investing for Dummies – by Kiana Danial
There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine.
Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.
Although cryptocurrencies are a fast evolving world, this book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.
Begin your cryptocurrency journey here.
Available at Magrudy’s , Dh104
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
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
