• A helicopter carrying UAE retail tycoon Yusuff Ali made an emergency landing in an empty field in Kochi, in southern Indian Kerala state . Courtesy Malayalam Manorama
    A helicopter carrying UAE retail tycoon Yusuff Ali made an emergency landing in an empty field in Kochi, in southern Indian Kerala state . Courtesy Malayalam Manorama
  • Local police officials check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state . Courtesy Malayalam Manorama
    Local police officials check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state . Courtesy Malayalam Manorama
  • Local residents watch as police check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state . Courtesy Malayalam Manorama
    Local residents watch as police check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state . Courtesy Malayalam Manorama
  • Yusuff Ali, chairman of Lulu International Holdings. Victor Besa / The National
    Yusuff Ali, chairman of Lulu International Holdings. Victor Besa / The National
  • Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Yusuff Ali, head of the Lulu Group, right, and Pranab Mukherjee, the late President of India, at a dinner reception in 2017 at Rashtrapati Bhavan in India. Courtesy: Crown Prince Court, Abu Dhabi
    Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, with Yusuff Ali, head of the Lulu Group, right, and Pranab Mukherjee, the late President of India, at a dinner reception in 2017 at Rashtrapati Bhavan in India. Courtesy: Crown Prince Court, Abu Dhabi
  • Yusuff Ali, chairman and managing director of Lulu Group, pictured with Sheikh Nahyan bin Mubarak, the UAE's Minister of Tolerance, was named the first recipient of a golden card. The National
    Yusuff Ali, chairman and managing director of Lulu Group, pictured with Sheikh Nahyan bin Mubarak, the UAE's Minister of Tolerance, was named the first recipient of a golden card. The National
  • Officials check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
    Officials check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
  • A helicopter carrying UAE retail tycoon Yusuff Ali made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
    A helicopter carrying UAE retail tycoon Yusuff Ali made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
  • Officials check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
    Officials check a helicopter carrying UAE retail tycoon Yusuff Ali that made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
  • A helicopter carrying UAE retail tycoon Yusuff Ali made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama
    A helicopter carrying UAE retail tycoon Yusuff Ali made an emergency landing on Sunday in an empty field in Kochi, in southern Indian Kerala state. Courtesy Malayalam Manorama

Lulu chairman Yusuff Ali undergoes spinal surgery in UAE after India helicopter incident


Ramola Talwar Badam
  • English
  • Arabic

Yusuff Ali, the Lulu supermarket tycoon, underwent spinal surgery in Abu Dhabi two days after a helicopter he was travelling in made an emergency landing in bad weather in his hometown in southern India.

The 65-year-old chairman of the Lulu group was operated on by a team of 25 doctors led by German neurosurgeon Dr Amr El Shawarbi at Burjeel Hospital in the UAE on Tuesday, according to the company.

"Yusuff Ali is recovering well in hospital," said V Nandakumar, communications director of the Lulu Group.

The businessman was taken to Abu Dhabi from Kochi in India's Kerala state on a special flight arranged by the Abu Dhabi royal family, Mr Nandakumar said.

"Mr Ali and his family members expressed their sincere gratitude and appreciation to all well wishers and friends for their continued prayers and blessings."

Dr Shamsheer Vayalil, Mr Ali's son-in-law, travelled to Kochi on April 11 immediately after the helicopter accident to supervise his return to Abu Dhabi.

Dr Vayalil is also the founder of VPS Healthcare, which runs Burjeel hospital.

Mr Ali was in Kerala on a personal visit and was travelling by helicopter with his wife to see a relative in hospital.

The couple, two pilots and two staff members were taken to the Lakeshore hospital in Kochi, also run by the family, after the accident.

Company officials said all passengers and crew were safe and underwent medical checks.

The group said the experienced pilots decided to make a precautionary landing in a deserted spot because of a sudden deterioration in the weather and heavy rainfall.

The accident is being investigated by the Directorate General of Civil Aviation, India's regulatory authority.

Local media reported that engine trouble caused the pilot to make a forced landing.

Residents who lived near the crash site helped Mr Ali and the other passengers to leave the helicopter.

Mr Ali is known as the retail king of the Middle East for his chain of hypermarkets.

He was one of the first 6,800 investors to be granted permanent residency in the UAE in 2019 as part of the golden card initiative. The programme was announced for select residents in the Emirates whose combined investments are worth Dh100 billion.

Mr Ali arrived in the UAE as a teenager to help with his uncle’s small distribution business.

He grew the business into a well-known chain of shopping malls, hypermarkets and diversified into real estate and hospitality.

Headquartered in Abu Dhabi, the business extends across 37 nations in the Gulf, Asia, South Africa, the UK and the US.

The group has a 50,000-strong workforce and an annual turnover of $7.4 billion globally.

Mr Ali is also known for his philanthropy and was conferred the Padma Shri, India’s fourth-highest civilian award, by the Indian government.

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

If you go

The flights
There are various ways of getting to the southern Serengeti in Tanzania from the UAE. The exact route and airstrip depends on your overall trip itinerary and which camp you’re staying at. 
Flydubai flies direct from Dubai to Kilimanjaro International Airport from Dh1,350 return, including taxes; this can be followed by a short flight from Kilimanjaro to the Serengeti with Coastal Aviation from about US$700 (Dh2,500) return, including taxes. Kenya Airways, Emirates and Etihad offer flights via Nairobi or Dar es Salaam.   

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

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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
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)

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds

Tewellah by Nawal Zoghbi is out now.

The biog

Most memorable achievement: Leading my first city-wide charity campaign in Toronto holds a special place in my heart. It was for Amnesty International’s Stop Violence Against Women program and showed me the power of how communities can come together in the smallest ways to have such wide impact.

Favourite film: Childhood favourite would be Disney’s Jungle Book and classic favourite Gone With The Wind.

Favourite book: To Kill A Mockingbird for a timeless story on justice and courage and Harry Potters for my love of all things magical.

Favourite quote: “We make a living by what we get, but we make a life by what we give.” — Winston Churchill

Favourite food: Dim sum

Favourite place to travel to: Anywhere with natural beauty, wildlife and awe-inspiring sunsets.

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

What can you do?

Document everything immediately; including dates, times, locations and witnesses

Seek professional advice from a legal expert

You can report an incident to HR or an immediate supervisor

You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline

In criminal cases, you can contact the police for additional support

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