A visitor slides down the Jumeirah Sceirah in Dubai's Wild Wadi Water Park. The tallest and fastest free fall water slide outside North America is being taken down to be replaced by an equally 'thrilling' attraction.
A visitor slides down the Jumeirah Sceirah in Dubai's Wild Wadi Water Park. The tallest and fastest free fall water slide outside North America is being taken down to be replaced by an equally 'thrilling' attraction.
A visitor slides down the Jumeirah Sceirah in Dubai's Wild Wadi Water Park. The tallest and fastest free fall water slide outside North America is being taken down to be replaced by an equally 'thrilling' attraction.
A visitor slides down the Jumeirah Sceirah in Dubai's Wild Wadi Water Park. The tallest and fastest free fall water slide outside North America is being taken down to be replaced by an equally 'thrill

The Wadi to grow a bit Wilder


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After 12 years of terrifying people brave enough to hurl themselves down its 33-metre-long slide, the Jumeirah Sceirah at Dubai's Wild Wadi Water Park has finally run dry.
The park has closed its doors so workers can begin taking down the famous slide, along with the rest of the structure. When the tourist attraction reopens on February 1, only the slide's tower will be left.
The Jumeirah Sceirah may have had the wow factor for more than a decade, but today's thrill-seekers are looking for something more breathtaking, according to Chris Perry, the park's general manager, who revealed the decision to take down the popular ride was based on comments from visitors calling for more "high-throw attractions".
"People want the type of rides that take your breath away and really get the adrenaline going," he said. "Rides you don't see at your typical water park."
Mr Perry said visitors can now look forward to a bigger and better ride, which is expected to be ready for operation by the end of the summer.
"This slide has done us very well over the years, but the way technology has developed there are just so many other new things out there."
The attraction that will replace the Jumeirah Sceirah, the tallest slide outside North America up until three days ago, will be "just as exciting and thrilling", according to Mr Perry, although details are not ready to be revealed just yet.
"It's being tendered right now, we're just finalising things for the demolition package and the main contractor and designer."
Hayden Holmes, the water park's manager, said the demolition marks the "end of an era".
"It's a very sad state of affairs for us. The tower and the slide has become as much a part of the Dubai landscape as any of the buildings around it," said Mr Holmes, who has worked at Wild Wadi since it opened in 1999.
The decision to remove the slide may have come as a surprise to fans of Wild Wadi but bosses said plans had been pending for a while, although they were not officially approved until after the park closed for maintenance on January 11.
Mr Perry said the management, Jumeirah Hotel Group, decided to take advantage of the closure to make things "more convenient for guests".
"We would have liked to have told people about the plans to take it down in advance so that they could have come in for a last ride before we started demolishing, but it all happened very quickly," he said.
The Jumeirah Sceirah, which hurtled visitors down an almost vertical water slide at speeds of up to 80kph, has seen 30 seasons of use since the park opened in August 1999.
Rumours about someone falling from the slide began circulating this week after the park closed, but Mr Perry said these were false, sparked by a campaign on Wild Wadi's Facebook page.
The park's employees had uploaded photos of the team dressed all in black, looking sad with their heads hanging over the edge of the slide, mourning its departure.
"We were putting on a kind of parody about the death of the Jumeirah Sceirah, but then we suddenly had tonnes of comments and people started thinking someone had died," said Mr Perry. "We posted a comment saying it was only a teaser of more to come and that we'd never had a death inside the park".
This was not the only rumour circulating about the park recently. Last week Wild Wadi became caught up in an international online "design" scam.
Mr Perry revealed he was contacted by Steven Harris, a Yale University architecture professor, enquiring about a design competition he had found online to create a new waterslide for Wild Wadi.
Prof Harris wanted to bring his students to Dubai to take part in the competition.
"Someone set up a design competition without our knowledge. We had no idea about it until Yale approached us for more information," said Mr Perry.
The phony competition asked for a US$50 (Dh183) fee to enter and promised the winning team US$10,000 and the chance to design a new slide at the park.
Mr Perry said he tried to contact the person who advertised the competition but without any luck.
"He didn't respond, so it looks like a scam. It's amazing what some people will do to make money." The website was removed a few days later.
This is the second time the park has undergone changes to its rides in recent months. Last year two new attractions - the Tamtrum Alley and the Burj Surj - were added, bringing the number of rides to 30.
molson@thenational.ae

About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

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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

2020 Oscars winners: in numbers
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The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

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.

Ain Dubai in numbers

126: The length in metres of the legs supporting the structure

1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch

16 A380 Airbuses: The equivalent weight of the wheel rim.

9,000 tonnes: The amount of steel used to construct the project.

5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place

192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
The five pillars of Islam

1. Fasting 

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3. Hajj 

4. Shahada 

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Tamkeen's offering
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  • Option 2: 50% across three years
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What is THAAD?

It is considered to be the US' most superior missile defence system.

Production:

It was first created in 2008.

Speed:

THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.

Abilities:

THAAD is designed to take out projectiles, namely ballistic missiles, as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".

Purpose:

To protect high-value strategic sites, such as airfields or population centres.

Range:

THAAD can target projectiles both inside and outside of the Earth's atmosphere, at an altitude of 93 miles above the Earth's surface.

Creators:

Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.

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In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then deployed them in 2016, becoming the first Gulf country to do so.

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ESupy%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EDani%20El-Zein%2C%20Yazeed%20bin%20Busayyis%2C%20Ibrahim%20Bou%20Ncoula%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EFood%20and%20beverage%2C%20tech%2C%20hospitality%20software%2C%20Saas%0D%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3EBootstrapped%20for%20six%20months%3B%20pre-seed%20round%20of%20%241.5%20million%3B%20seed%20round%20of%20%248%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EBeco%20Capital%2C%20Cotu%20Ventures%2C%20Valia%20Ventures%20and%20Global%20Ventures%3C%2Fp%3E%0A
UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 

Fire and Fury
By Michael Wolff,
Henry Holt

The specs

Engine: 3.0-litre flat-six twin-turbocharged

Transmission: eight-speed PDK automatic

Power: 445bhp

Torque: 530Nm

Price: Dh474,600

On Sale: Now