• Sasha Babitsky, chief executive of Entoprotech, left, and Jon Salazar, founder of Gazelle Wind Power Limited, won the Get in the Ring competition held at Expo 2020 Dubai. All photos: Netherlands pavilion Expo 2020 Dubai
    Sasha Babitsky, chief executive of Entoprotech, left, and Jon Salazar, founder of Gazelle Wind Power Limited, won the Get in the Ring competition held at Expo 2020 Dubai. All photos: Netherlands pavilion Expo 2020 Dubai
  • The competition saw start-ups present entrepreneurial solutions to tackle water, food and energy issues.
    The competition saw start-ups present entrepreneurial solutions to tackle water, food and energy issues.
  • A boxing ring was set up inside the Netherlands pavilion, from where competitors pitched their ideas.
    A boxing ring was set up inside the Netherlands pavilion, from where competitors pitched their ideas.
  • The winning start-ups will be connected with investors, corporates and policy makers.
    The winning start-ups will be connected with investors, corporates and policy makers.

Expo 2020 Dubai: clean energy and food waste start-ups win ‘Get in the Ring’ duel


Ramola Talwar Badam
  • English
  • Arabic

Eco-friendly companies have struck a crucial blow in the fight for the planet's future at an event held inside a mock boxing ring at Expo 2020 Dubai.

The Netherlands pavilion played host to an international competition bringing together leading contenders in the battle to tackle water, power and food challenges.

Gazelle Wind Power Limited, of the UAE, and Israel’s Entoprotech were declared winners of the keenly contested Get in the Ring competition on Wednesday.

They were chosen after a final group of four companies pitched their plans in 30-second debating duels between the ropes.

We need fresh, innovative ideas to bring change
Roald Lapperre,
Dutch minister

While the participants were in opposite corners for the spirited event, they remain firmly on the same side.

Roald Lapperre, the Netherlands' Vice Minister for the Environment, spoke of how action was vital to resolve the pressing climate change challenges.

“We need fresh, innovative and creative ideas to bring a change to resolve global challenges together. We need more such competitions and to make more connections worldwide,” he said.

“Climate change is one of the number one issues of our time today and so is the need for clean energy and adequate food supply for a growing population.”

The final of the Get in the Ring contest at Expo 2020 Dubai connects promising start-ups with investors, corporates and policy makers. Photo: Netherlands pavilion
The final of the Get in the Ring contest at Expo 2020 Dubai connects promising start-ups with investors, corporates and policy makers. Photo: Netherlands pavilion

Gazelle has designed floating wind platforms for clean energy generation to reduce reliance on carbon-based systems.

Entoprotech uses insects such as the black soldier fly to convert food waste into organic fertiliser and insect meal used as animal feed.

Both companies will interact with investors and corporates for support and delivery of their projects.

About 20 start-ups from around the world have been at Expo as part of the competition.

Carel Richter, commissioner general of the Netherlands pavilion, said it was important to connect innovative thinkers.

“It is extremely vital to encourage and nourish new business ideas that will develop into impactful, smarter, sustainable solutions that help tackle global challenges today,” he said.

The pavilion built the mock-up boxing ring near a vertical farm – a green food cone blanketed with herbs inside which mushrooms are grown to depict organic, sustainable agriculture in the desert.

The Get in the Ring contests are organised to offer promising technology groups the chance to test and scale up their plans and receive feedback from government and corporations.

Over the past year more than 25,000 start-ups from 109 nations entered the contest, which hosts events in more than 100 countries.

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022 

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

The specs

Engine: 3.8-litre, twin-turbo V8

Transmission: eight-speed automatic

Power: 582bhp

Torque: 730Nm

Price: Dh649,000

On sale: now  

The biog

Name: Marie Byrne

Nationality: Irish

Favourite film: The Shawshank Redemption

Book: Seagull by Jonathan Livingston

Life lesson: A person is not old until regret takes the place of their dreams

Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

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%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ENetflix%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EKris%20Fade%2C%20Ebraheem%20Al%20Samadi%2C%20Zeina%20Khoury%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Amit%20Joshi%20and%20Aradhana%20Sah%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECast%3A%3C%2Fstrong%3E%20Shahid%20Kapoor%2C%20Kriti%20Sanon%2C%20Dharmendra%2C%20Dimple%20Kapadia%2C%20Rakesh%20Bedi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

Engine: 80 kWh four-wheel-drive

Transmission: eight-speed automatic

Power: 402bhp

Torque: 760Nm

Price: From Dh280,000

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Updated: January 21, 2022, 4:00 AM