• Sheikh Mohammed bin Rashid receives the Sinopharm vaccine to protect against Covid-19 on November 3, 2020. Courtesy: Dubai Media Office
    Sheikh Mohammed bin Rashid receives the Sinopharm vaccine to protect against Covid-19 on November 3, 2020. Courtesy: Dubai Media Office
  • Sheikh Nahyan bin Mubarak receives the first of two shots of a vaccine that was trialled in the UAE. Wam
    Sheikh Nahyan bin Mubarak receives the first of two shots of a vaccine that was trialled in the UAE. Wam
  • Sheikh Mansoor bin Mohammed, chairman of Dubai’s Supreme Committee of Crisis and Disaster Management, receives the Pfizer-BioNTech vaccine. Courtesy: Sheikh Mansoor
    Sheikh Mansoor bin Mohammed, chairman of Dubai’s Supreme Committee of Crisis and Disaster Management, receives the Pfizer-BioNTech vaccine. Courtesy: Sheikh Mansoor
  • Noura Al Kaabi, Minister of Culture and Youth, gets the Sinopharm jab.
    Noura Al Kaabi, Minister of Culture and Youth, gets the Sinopharm jab.
  • Mohammad Al Gergawi, Minister of Cabinet Affairs, receives the Covid-19 Sinopharm vaccine on Saturday, October 31. Courtesy: UAE Government Twitter
    Mohammad Al Gergawi, Minister of Cabinet Affairs, receives the Covid-19 Sinopharm vaccine on Saturday, October 31. Courtesy: UAE Government Twitter
  • Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, receives his first dose of the Covid-19 vaccine on Wednesday. Wam
    Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, receives his first dose of the Covid-19 vaccine on Wednesday. Wam
  • Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, takes the Sinopharm vaccine. Courtesy: Sheikh Saif bin Zayed Twitter
    Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, takes the Sinopharm vaccine. Courtesy: Sheikh Saif bin Zayed Twitter
  • Sheikh Abdullah bin Bayyah, UAE Fatwa Council, is vaccinated with the Sinopharm innoculation on January 4, 2021. Wam
    Sheikh Abdullah bin Bayyah, UAE Fatwa Council, is vaccinated with the Sinopharm innoculation on January 4, 2021. Wam
  • Sheikh Khalid bin Mohammed, chair of Abu Dhabi's Executive Office, takes the first dose of the Sinopharm vaccine. Courtesy: Abu Dhabi Media Office
    Sheikh Khalid bin Mohammed, chair of Abu Dhabi's Executive Office, takes the first dose of the Sinopharm vaccine. Courtesy: Abu Dhabi Media Office
  • The UAE's health minister, Abdulrahman Al Owais, receives the Sinopharm vaccine.
    The UAE's health minister, Abdulrahman Al Owais, receives the Sinopharm vaccine.
  • Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, gives a thumbs up as he is vaccinated against Covid-19.
    Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and International Co-operation, gives a thumbs up as he is vaccinated against Covid-19.
  • Sheikh Rashid bin Humaid Al Nuaimi, president of the UAE Football Association, receives the Covid-19 vaccine.
    Sheikh Rashid bin Humaid Al Nuaimi, president of the UAE Football Association, receives the Covid-19 vaccine.
  • Khalifa bin Dary, executive director of Dubai Ambulance Services Corporation, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
    Khalifa bin Dary, executive director of Dubai Ambulance Services Corporation, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
  • Lt Col Sheikh Zayed bin Hamad Al Nahyan, director of special patrols at Abu Dhabi Police, receives the Covid-19 vaccine. Courtesy: Abu Dhabi Police
    Lt Col Sheikh Zayed bin Hamad Al Nahyan, director of special patrols at Abu Dhabi Police, receives the Covid-19 vaccine. Courtesy: Abu Dhabi Police
  • Maj Gen Mohammed Al Marri, director general of the General Directorate of Residency and Foreigners Affairs Dubai, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
    Maj Gen Mohammed Al Marri, director general of the General Directorate of Residency and Foreigners Affairs Dubai, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
  • Maj Gen Talal Al Falasi, director general of Dubai's State Security Department, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
    Maj Gen Talal Al Falasi, director general of Dubai's State Security Department, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
  • Abdullah Al Falasi, director general of Dubai Government Human Resources Department, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
    Abdullah Al Falasi, director general of Dubai Government Human Resources Department, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
  • Amer Sharif, head of Dubai's Covid-10 Command and Control Centre, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
    Amer Sharif, head of Dubai's Covid-10 Command and Control Centre, receives his first dose of the Pfizer-BioNTech vaccine. Courtesy: Dubai Media Office
  • Obaid Al Shamsi, director general of the National Emergency Crisis and Disasters Management Authority, takes the first dose of Covid-19 vaccine
    Obaid Al Shamsi, director general of the National Emergency Crisis and Disasters Management Authority, takes the first dose of Covid-19 vaccine

Coronavirus: highest Covid-19 cases to date as UAE records 3,362 infections


  • English
  • Arabic

Another 3,362 new cases of Covid-19 were recorded in the UAE on Wednesday – exceeding the highest daily infection record set the day before.

The cases were detected after a further 134,768 tests were conducted across the country.

They raised the total number of infections to 239,587. Of these, 213,149 people have recovered after 2,588 more patients were declared free of the virus.

Health authorities announced that six patients died of complications related to the virus, taking the death toll to 723.

The number of active cases passed 25,000 for the first time since the outbreak with 25,715 people currently testing positive for Covid-19 across the Emirates.

In early November, active cases dropped to fewer than 2,000. The recent rise in cases is thought to be the result of increased travel over the winter break.

A nationwide vaccination campaign began in December with 1,364,580 doses administered since, placing the UAE second worldwide after Israel for immunisations.

At least 118,928 doses were administered over the past 24 hours, raising the rate of vaccination to 14.10 doses per 100 people.

As of Tuesday, 250,000 people had been fully vaccinated against Covid-19 in the UAE after receiving both doses.

The goal is to immunise 50 per cent of the country's population by the end of the first quarter.

The Crown Prince of Fujairah, Hamad bin Mohammed Al Sharqi, was the latest UAE leader to receive his first dose of the Covid-19 vaccine on Wednesday. He thanked medical staff for their professionalism and dedication to protecting public health, state news agency Wam reported.

Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, receives his first dose of the Covid-19 vaccine on Wednesday. Wam
Sheikh Mohammed bin Hamad Al Sharqi, Crown Prince of Fujairah, receives his first dose of the Covid-19 vaccine on Wednesday. Wam

On Tuesday, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, each encouraged members of the public to get vaccinated.

“My message to everyone is to hasten to be vaccinated to protect our health, our economy and our achievements,” said Sheikh Mohammed bin Rashid.

Their message was emphasised on Wednesday by Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, who said participation in the nationwide vaccine drive would protect Emiratis and residents.

The minister, who is also head of the Covid-19 Crisis Recovery Management and Governance Committee, said widespread immunisation would help to accelerate the UAE's recovery from the effects of Covid-19 on the economy.

Vaccine demand has increased recently, with some clinics that offer inoculations saying they now have weeks-long waiting lists.

Several private medical centres told The National they are fully booked until March.

Call centres are receiving hundreds of enquiries each day and most medical facilities are referring calls to an online link for registration.

The Sinopharm vaccine is available at all private and government health clinics across the UAE, while the Pfizer-BioNTech shot can be administered at seven clinics in Dubai.

Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

Thank You for Banking with Us

Director: Laila Abbas

Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum

Rating: 4/5

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
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Company profile

Name: Back to Games and Boardgame Space

Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)

Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)

Based: Dubai and Abu Dhabi 

Industry: Back to Games (retail); Boardgame Space (wholesale and distribution) 

Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space  

Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019

ENGLAND SQUAD

Team: 15 Mike Brown, 14 Anthony Watson, 13 Ben Te'o, 12 Owen Farrell, 11 Jonny May, 10 George Ford, 9 Ben Youngs, 1 Mako Vunipola, 2 Dylan Hartley, 3 Dan Cole, 4 Joe Launchbury, 5 Maro Itoje, 6 Courtney Lawes, 7 Chris Robshaw, 8 Sam Simmonds

Replacements 16 Jamie George, 17 Alec Hepburn, 18 Harry Williams, 19 George Kruis, 20 Sam Underhill, 21 Danny Care, 22 Jonathan Joseph, 23 Jack Nowell

The specs: 2018 Renault Megane

Price, base / as tested Dh52,900 / Dh59,200

Engine 1.6L in-line four-cylinder

Transmission Continuously variable transmission

Power 115hp @ 5,500rpm

Torque 156Nm @ 4,000rpm

Fuel economy, combined 6.6L / 100km

Scoreline:

Cardiff City 0

Liverpool 2

Wijnaldum 57', Milner 81' (pen)

England squad

Moeen Ali, James Anderson, Jofra Archer, Jonny Bairstow, Dominic Bess, James Bracey, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Ben Foakes, Lewis Gregory, Keaton Jennings, Dan Lawrence, Jack Leach, Saqib Mahmood, Craig Overton, Jamie Overton, Matthew Parkinson, Ollie Pope, Ollie Robinson, Joe Root, Dom Sibley, Ben Stokes, Olly Stone, Amar Virdi, Chris Woakes, Mark Wood

Tips for used car buyers
  • Choose cars with GCC specifications
  • Get a service history for cars less than five years old
  • Don’t go cheap on the inspection
  • Check for oil leaks
  • Do a Google search on the standard problems for your car model
  • Do your due diligence. Get a transfer of ownership done at an official RTA centre
  • Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
  • Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
  • If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell

Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com

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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

U19 WORLD CUP, WEST INDIES

UAE group fixtures (all in St Kitts)

  • Saturday 15 January: UAE beat Canada by 49 runs 
  • Thursday 20 January: v England 
  • Saturday 22 January: v Bangladesh 

UAE squad:

Alishan Sharafu (captain), Shival Bawa, Jash Giyanani, Sailles
Jaishankar, Nilansh Keswani, Aayan Khan, Punya Mehra, Ali Naseer, Ronak Panoly,
Dhruv Parashar, Vinayak Raghavan, Soorya Sathish, Aryansh Sharma, Adithya
Shetty, Kai Smith  

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The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

HOW TO WATCH

Facebook: TheNationalNews 

Twitter: @thenationalnews 

Instagram: @thenationalnews.com 

TikTok: @thenationalnews   

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

RESULTS

Bantamweight: Victor Nunes (BRA) beat Azizbek Satibaldiev (KYG). Round 1 KO

Featherweight: Izzeddin Farhan (JOR) beat Ozodbek Azimov (UZB). Round 1 rear naked choke

Middleweight: Zaakir Badat (RSA) beat Ercin Sirin (TUR). Round 1 triangle choke

Featherweight: Ali Alqaisi (JOR) beat Furkatbek Yokubov (UZB). Round 1 TKO

Featherweight: Abu Muslim Alikhanov (RUS) beat Atabek Abdimitalipov (KYG). Unanimous decision

Catchweight 74kg: Mirafzal Akhtamov (UZB) beat Marcos Costa (BRA). Split decision

Welterweight: Andre Fialho (POR) beat Sang Hoon-yu (KOR). Round 1 TKO

Lightweight: John Mitchell (IRE) beat Arbi Emiev (RUS). Round 2 RSC (deep cuts)

Middleweight: Gianni Melillo (ITA) beat Mohammed Karaki (LEB)

Welterweight: Handesson Ferreira (BRA) beat Amiran Gogoladze (GEO). Unanimous decision

Flyweight (Female): Carolina Jimenez (VEN) beat Lucrezia Ria (ITA), Round 1 rear naked choke

Welterweight: Daniel Skibinski (POL) beat Acoidan Duque (ESP). Round 3 TKO

Lightweight: Martun Mezhlumyan (ARM) beat Attila Korkmaz (TUR). Unanimous decision

Bantamweight: Ray Borg (USA) beat Jesse Arnett (CAN). Unanimous decision

'Texas Chainsaw Massacre'

Rating: 1 out of 4

Running time: 81 minutes

Director: David Blue Garcia

Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Brief scores:

Toss: Kerala Knights, opted to fielf

Pakhtoons 109-5 (10 ov)

Fletcher 32; Lamichhane 3-17

Kerala Knights 110-2 (7.5 ov)

Morgan 46 not out, Stirling 40

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

How much of your income do you need to save?

The more you save, the sooner you can retire. Tuan Phan, a board member of SimplyFI.com, says if you save just 5 per cent of your salary, you can expect to work for another 66 years before you are able to retire without too large a drop in income.

In other words, you will not save enough to retire comfortably. If you save 15 per cent, you can forward to another 43 working years. Up that to 40 per cent of your income, and your remaining working life drops to just 22 years. (see table)

Obviously, this is only a rough guide. How much you save will depend on variables, not least your salary and how much you already have in your pension pot. But it shows what you need to do to achieve financial independence.

 

COMPANY%20PROFILE
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Another way to earn air miles

In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.

An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.

“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.

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Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
The years Ramadan fell in May

1987

1954

1921

1888

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

Tips to stay safe during hot weather
  • Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
  • Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
  • Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
  • Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
  • Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
  • Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
  • Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

SPEC%20SHEET
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if you go

The flights
Emirates flies to Delhi with fares starting from around Dh760 return, while Etihad fares cost about Dh783 return. From Delhi, there are connecting flights to Lucknow. 
Where to stay
It is advisable to stay in Lucknow and make a day trip to Kannauj. A stay at the Lebua Lucknow hotel, a traditional Lucknowi mansion, is recommended. Prices start from Dh300 per night (excluding taxes). 

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Arabian Gulf League fixtures:

Friday:

  • Emirates v Hatta, 5.15pm
  • Al Wahda v Al Dhafra, 5.25pm
  • Al Ain v Shabab Al Ahli Dubai, 8.15pm

Saturday:

  • Dibba v Ajman, 5.15pm
  • Sharjah v Al Wasl, 5.20pm
  • Al Jazira v Al Nasr, 8.15pm
The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

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

THE 12 BREAKAWAY CLUBS

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid