Queen Elizabeth II greets crowds of well-wishers in Scotland as they mark her becoming Britain’s longest-reigning monarch, a title previously held by Queen Victoria. Andrew Milligan / Getty Images
Queen Elizabeth II greets crowds of well-wishers in Scotland as they mark her becoming Britain’s longest-reigning monarch, a title previously held by Queen Victoria. Andrew Milligan / Getty Images
Queen Elizabeth II greets crowds of well-wishers in Scotland as they mark her becoming Britain’s longest-reigning monarch, a title previously held by Queen Victoria. Andrew Milligan / Getty Images
Queen Elizabeth II greets crowds of well-wishers in Scotland as they mark her becoming Britain’s longest-reigning monarch, a title previously held by Queen Victoria. Andrew Milligan / Getty Images

Queen Elizabeth II becomes Britain’s longest-serving monarch


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LONDON // Queen Elizabeth II reached a major milestone on Wednesday when she became the longest-reigning monarch in Britain’s history.

Britain paid heartfelt tribute to the queen with cheering, flag-waving crowds on the street and solemn messages in parliament as she sealed a special place in the country’s history.

At about 8.30pm UAE time, Queen Elizabeth, surpassed the 63 years, 7 months, 2 days, 16 hours and 23 minutes that her great-great-grandmother Queen Victoria spent on the throne.

Now 89, she is also the nation’s oldest ever monarch.

“Over the last 63 years, Her Majesty has been a rock of stability in a world of constant change and her selfless sense of service and duty has earned admiration not only in Britain, but right across the globe,” prime minister David Cameron told parliament in London.

“The Queen is our Queen and we could not be more proud of her. She has served this country with unfailing grace, dignity and decency and long may she continue to do so,” he said. Lawmakers cheered at the end of his tribute.

In central London, the BT Tower flashed “Long may she reign” around its screens nearly 200 metres above the capital.

Buckingham Palace marked the event by releasing an official photograph of the queen taken by Mary McCartney, a photographer who is the daughter of former Beatle Paul McCartney.

Those close to the queen say she is fairly blase about the milestone, believing it represented little more than the fact she has lived for a long time and that her father, King George VI, died early.

Initially she did not even intend to mark the event publicly, but she bowed to public pressure and undertook an official engagement in Scotland, where she traditionally spends her summer holiday.

Crowds greeted her arrival accompanied by husband Prince Philip, who has been at her side throughout her reign, at Edinburgh’s Waverley station before she began a journey on a steam train to mark the opening of the longest railway to be built in Britain for more than 100 years.

“It’s brilliant,” said May Marshall, 58, wearing a jacket and hat covered in Britain’s Union Jack flags. “No one else will ever do it. It’s testimony to her stamina.”

Queen Elizabeth smiled broadly as she boarded the train.

“It’s inevitable that I should seem a rather remote figure to many of you, a successor to the kings and queens of history,” she had said in her first televised Christmas broadcast in 1957.

“I cannot lead you into battle. I do not give you laws or administer justice. But I can do something else. I can give you my heart and my devotion to these old islands and to all the peoples of our brotherhood of nations.”

As a young princess, Elizabeth had not expected to become monarch as George VI only took the crown when his elder brother Edward VIII abdicated in 1936 to marry American divorcee Wallis Simpson.

She was 25 when she ascended to the throne on February 6, 1952, following her father King George’s death.

Since becoming queen, she has seen 12 prime ministers, starting with Winston Churchill, and there have been 12 US presidents, from Harry S Truman to Barack Obama.

However, despite the torrent of tribute, not everyone was impressed.

Republicans said her silence on political matters was her finest achievement, and well-known British historian David Starkey remarked that she had never said or done anything memorable in all her years on the throne.

“She will not give her name to her age. Or, I suspect, to anything else,” Starkey wrote in the Radio Times magazine.

* Reuters and Associated Press

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

ICC T20 Rankings

1. India - 270 ranking points

 

2. England - 265 points

 

3. Pakistan - 261 points

 

4. South Africa - 253 points

 

5. Australia - 251 points 

 

6. New Zealand - 250 points

 

7. West Indies - 240 points

 

8. Bangladesh - 233 points

 

9. Sri Lanka - 230 points

 

10. Afghanistan - 226 points

 

Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

COMPANY%20PROFILE
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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 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

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