• Firefighters tackle a blaze close to the village of Opatje Selo, western Slovenia. AFP
    Firefighters tackle a blaze close to the village of Opatje Selo, western Slovenia. AFP
  • A burned out vehicle and remains of the Blue Waves campsite in Gironde, France. Bloomberg
    A burned out vehicle and remains of the Blue Waves campsite in Gironde, France. Bloomberg
  • A destroyed restaurant at Lagune Beach in Gironde. Bloomberg
    A destroyed restaurant at Lagune Beach in Gironde. Bloomberg
  • Firefighters extinguish a blaze in Le Tuzan, the Gironde. Bloomberg
    Firefighters extinguish a blaze in Le Tuzan, the Gironde. Bloomberg
  • A firefighter digs up burning roots while extinguishing ground fire in Le Tuzan. Bloomberg
    A firefighter digs up burning roots while extinguishing ground fire in Le Tuzan. Bloomberg
  • Firefighters spray fire retardant in Le Tuzan. Bloomberg
    Firefighters spray fire retardant in Le Tuzan. Bloomberg
  • Croatia’s Canadair airplane helps to extinguish wildfires close to the village of Kostanjevica na Krasu. AFP
    Croatia’s Canadair airplane helps to extinguish wildfires close to the village of Kostanjevica na Krasu. AFP
  • Firefighters spray water with a hose on a the fire as wildfires rage in the forest close to the village of Novelo, Slovenia. Hundreds of firefighters were deployed in western Slovenia to battle a blaze that forced the evacuation of several villages, emergency services said. AFP
    Firefighters spray water with a hose on a the fire as wildfires rage in the forest close to the village of Novelo, Slovenia. Hundreds of firefighters were deployed in western Slovenia to battle a blaze that forced the evacuation of several villages, emergency services said. AFP
  • A firefighter douses a burning log near Aromas, California. AP
    A firefighter douses a burning log near Aromas, California. AP
  • The Anzar brush fire in northern California’s San Benito County covered about 90 acres on Thursday and destroyed at least one structure. AP
    The Anzar brush fire in northern California’s San Benito County covered about 90 acres on Thursday and destroyed at least one structure. AP
  • A helicopter drops water on the fire near Aromas, California. AP
    A helicopter drops water on the fire near Aromas, California. AP
  • About 200 firefighters were battling the blaze, which officials said was burning at a moderate speed, fuelled by acres of eucalyptus trees. AP
    About 200 firefighters were battling the blaze, which officials said was burning at a moderate speed, fuelled by acres of eucalyptus trees. AP
  • A burnt statue at the Les Flots Bleus camping site, which was destroyed by the fire that ravaged La Teste-de-Buch forest in France's Gironde region. Reuters
    A burnt statue at the Les Flots Bleus camping site, which was destroyed by the fire that ravaged La Teste-de-Buch forest in France's Gironde region. Reuters
  • Two people walk on a path covered with ashes after a fire consumed acres of forest near Brasparts, western France. AFP
    Two people walk on a path covered with ashes after a fire consumed acres of forest near Brasparts, western France. AFP
  • A fire engine burnt in the blaze that hit Brasparts, France. AFP
    A fire engine burnt in the blaze that hit Brasparts, France. AFP
  • An aerial view of the Les Flots Bleus camping site after the blaze. Reuters
    An aerial view of the Les Flots Bleus camping site after the blaze. Reuters
  • An aircraft drops retardant on a fire near Glen Rose, Texas. Officials say a mandatory evacuation order issued because of a wildfire in North Texas has been lifted although the threat of fires remains high. AP Photo
    An aircraft drops retardant on a fire near Glen Rose, Texas. Officials say a mandatory evacuation order issued because of a wildfire in North Texas has been lifted although the threat of fires remains high. AP Photo
  • The burnt yard of a house after a wildfire near Megara town, west of Athens, Greece. The fire broke out in the hills outside the town, prompting a new, but limited, round of evacuations. AP Photo
    The burnt yard of a house after a wildfire near Megara town, west of Athens, Greece. The fire broke out in the hills outside the town, prompting a new, but limited, round of evacuations. AP Photo
  • Smoke from wildfires close to houses in the village of Kostanjevica na Krasu. Hundreds of firefighters were sent to western Slovenia to battle a blaze that forced the evacuation of several villages. AFP
    Smoke from wildfires close to houses in the village of Kostanjevica na Krasu. Hundreds of firefighters were sent to western Slovenia to battle a blaze that forced the evacuation of several villages. AFP
  • Croatia’s Canadair plane helps to extinguish wildfires close to the village of Kostanjevica na Krasu. AFP
    Croatia’s Canadair plane helps to extinguish wildfires close to the village of Kostanjevica na Krasu. AFP
  • Firefighters soak the smoldering ground on the coast of Possum Kingdom Lake in Graford, Texas. AP
    Firefighters soak the smoldering ground on the coast of Possum Kingdom Lake in Graford, Texas. AP
  • A firefighter in Megara, west of Athens. AFP
    A firefighter in Megara, west of Athens. AFP
  • A wildfire rages near the border with Italy, in Miren, Slovenia. Reuters
    A wildfire rages near the border with Italy, in Miren, Slovenia. Reuters
  • An aerial view of the Pyla dune in Pyla sur Mer, near Arcachon, south-west France. In the Gironde region of France, two huge fires feeding on tinder-dry pine forests forced tens of thousands of people to flee homes and summer vacation spots since they broke out July 12. AP
    An aerial view of the Pyla dune in Pyla sur Mer, near Arcachon, south-west France. In the Gironde region of France, two huge fires feeding on tinder-dry pine forests forced tens of thousands of people to flee homes and summer vacation spots since they broke out July 12. AP
  • This house caught alight during a wildfire in Megara, Greece. EPA
    This house caught alight during a wildfire in Megara, Greece. EPA

Wildfires blaze through Europe as heatwave brings 40°C temperatures to the UK


Layla Maghribi
  • English
  • Arabic

Firefighters in Europe are struggling to contain several wildfires sweeping across the continent as record-breaking temperatures continue to soar and threaten lives and homes.

Wildfires raged in France, Spain, Portugal, Croatia and Hungary this week, with tens of thousands of people evacuated from their homes as fires blazed and burnt thousands of acres of land.

An unusually dry, hot spring has ushered in the fire season earlier than usual, and experts warn that climate change is likely to make wildfires more frequent.

Britain’s Met Office weather agency issued its first-ever “red warning” of extreme heat for Monday and Tuesday, when temperatures in southern England may reach 40°C for the first time.

The weather monitoring body defines a red, level 4, alert as being reached “when a heatwave is so severe and/or prolonged that its effects extend outside the health and social care system.”

It warned that the “exceptional hot spell” could lead to “widespread impacts on people and infrastructure”, and that “substantial changes in working practices and daily routines will be required”.

But the UK’s Deputy Prime Minister Dominic Raab said on Sunday that people should be resilient enough to be able to “enjoy the sunshine” and urged people to take “common sense” precautions amid soaring temperatures.

“Obviously there is some common sense practical advice we are talking about — stay hydrated, stay out of the sun at the hottest times, wear sun cream — those sorts of things,” said Mr Raab on Sky News.

He stopped short of advising people to work from home, saying it was “for employers to consider and people to decide.”

“I’m not going to start dictating things like that. But obviously we have got more flexible working. So that will also help with this kind of thing,” said Mr Raab.

His comments followed a weekend of steadily increasing temperatures and a second UK government Cobra heatwave meeting held on Saturday, after meteorologists warned that record highs in England could put lives at risk.

An early heatwave has already kept highs above 40°C in several parts of Europe, including Spain where 237 deaths were attributed to high temperatures in the period from July 10 to July 14, compared with 25 temperature-related deaths the previous week.

A pilot in Portugal died during an operation on Friday, after a week of blazes around the country mobilised more than 1,000 firefighters, working with residents desperate to save their homes.

It was the first fire fatality in Portugal this year but the blazes have injured more than 160 people this week and forced hundreds to be evacuated.

Portuguese state television RTP said more than 30,000 hectares of land have burnt this year — mostly in the past week — already exceeding the total for 2021.

In France, firefighters have been struggling to contain raging fires that have been sweeping across pine forests in the Bordeaux region for more than six consecutive days.

About 11,000 people have been evacuated from the region leaving firefighters to focus their efforts on saving as many homes as possible.

The regional emergency services were able to contain another fire in southern France, near the popular Atlantic coast resort of Arcachon, but said “tough meteorological conditions” frustrated efforts to put out the largest fire in Bordeaux.

French authorities said at least 9,650 hectares have burnt in recent days.

Spain, Croatia and Hungary have also suffered wildfires as several European countries face exceptional heat this month.

Experts say that heatwaves, made hotter, longer and more frequent by climate change, are likely to be a more regular occurrence and that homes and offices may need to be adapted to accommodate rising and extreme temperatures.

THE BIO

Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.

Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.

Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.

Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.

 

 

While you're here
NBA FINALS SO FAR

(Toronto lead 3-2 in best-of-seven series)

Game 1 Raptors 118 Warriors 109

Game 2 Raptors 104 Warriors 109

Game 3 Warriors 109 Raptors 123

Game 4 Warriors 92 Raptors 105

Game 5 Raptors 105 Warriors 106

Game 6 Thursday, at Oakland

Game 7 Sunday, at Toronto (if needed)

Teams

Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq

Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi

Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag

Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC

Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC

Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium

Format 10 overs per side, matches last for 90 minutes

Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20myZoi%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Syed%20Ali%2C%20Christian%20Buchholz%2C%20Shanawaz%20Rouf%2C%20Arsalan%20Siddiqui%2C%20Nabid%20Hassan%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2037%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20Initial%20undisclosed%20funding%20from%20SC%20Ventures%3B%20second%20round%20of%20funding%20totalling%20%2414%20million%20from%20a%20consortium%20of%20SBI%2C%20a%20Japanese%20VC%20firm%2C%20and%20SC%20Venture%3C%2Fp%3E%0A
Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
Jigra
Director: Vasan Bala
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Rated: 3.5/5
MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

Andor
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Tony%20Gilroy%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EDiego%20Luna%2C%20Genevieve%20O'Reilly%2C%20Alex%20Ferns%3Cbr%3E%3Cstrong%3ERating%3A%205%3C%2Fstrong%3E%2F5%3C%2Fp%3E%0A
COMPANY PROFILE
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 
PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

match info

Athletic Bilbao 1 (Muniain 37')

Atletico Madrid 1 (Costa 39')

Man of the match  Iker Muniain (Athletic Bilbao)

Scoreline

Syria 1-1 Australia

Syria Al Somah 85'

Australia Kruse 40'

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent   

Personalities on the Plate: The Lives and Minds of Animals We Eat

Barbara J King, University of Chicago Press 

ANATOMY%20OF%20A%20FALL
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJustine%20Triet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ESandra%20Huller%2C%20Swann%20Arlaud%2C%20Milo%20Machado-Graner%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Company%C2%A0profile
%3Cp%3ECompany%3A%20Zywa%3Cbr%3EStarted%3A%202021%3Cbr%3EFounders%3A%20Nuha%20Hashem%20and%20Alok%20Kumar%3Cbr%3EBased%3A%20UAE%3Cbr%3EIndustry%3A%20FinTech%3Cbr%3EFunding%20size%3A%20%243m%3Cbr%3ECompany%20valuation%3A%20%2430m%3C%2Fp%3E%0A

The Saga Continues

Wu-Tang Clan

(36 Chambers / Entertainment One)

BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

Diriyah%20project%20at%20a%20glance
%3Cp%3E-%20Diriyah%E2%80%99s%201.9km%20King%20Salman%20Boulevard%2C%20a%20Parisian%20Champs-Elysees-inspired%20avenue%2C%20is%20scheduled%20for%20completion%20in%202028%0D%3Cbr%3E-%20The%20Royal%20Diriyah%20Opera%20House%20is%20expected%20to%20be%20completed%20in%20four%20years%0D%3Cbr%3E-%20Diriyah%E2%80%99s%20first%20of%2042%20hotels%2C%20the%20Bab%20Samhan%20hotel%2C%20will%20open%20in%20the%20first%20quarter%20of%202024%0D%3Cbr%3E-%20On%20completion%20in%202030%2C%20the%20Diriyah%20project%20is%20forecast%20to%20accommodate%20more%20than%20100%2C000%20people%0D%3Cbr%3E-%20The%20%2463.2%20billion%20Diriyah%20project%20will%20contribute%20%247.2%20billion%20to%20the%20kingdom%E2%80%99s%20GDP%0D%3Cbr%3E-%20It%20will%20create%20more%20than%20178%2C000%20jobs%20and%20aims%20to%20attract%20more%20than%2050%20million%20visits%20a%20year%0D%3Cbr%3E-%20About%202%2C000%20people%20work%20for%20the%20Diriyah%20Company%2C%20with%20more%20than%2086%20per%20cent%20being%20Saudi%20citizens%0D%3C%2Fp%3E%0A
Biog

Mr Kandhari is legally authorised to conduct marriages in the gurdwara

He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada

Father of two sons, grandfather of six

Plays golf once a week

Enjoys trying new holiday destinations with his wife and family

Walks for an hour every morning

Completed a Bachelor of Commerce degree in Loyola College, Chennai, India

2019 is a milestone because he completes 50 years in business

 

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

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.

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

Facebook | Our website | Instagram

 

Scoreline

Ireland 16 (Tries: Stockdale Cons: Sexton Pens: Sexton 3)

New Zealand 9 (Pens: Barrett 2 Drop Goal: Barrett)

Navdeep Suri, India's Ambassador to the UAE

There has been a longstanding need from the Indian community to have a religious premises where they can practise their beliefs. Currently there is a very, very small temple in Bur Dubai and the community has outgrown this. So this will be a major temple and open to all denominations and a place should reflect India’s diversity.

It fits so well into the UAE’s own commitment to tolerance and pluralism and coming in the year of tolerance gives it that extra dimension.

What we will see on April 20 is the foundation ceremony and we expect a pretty broad cross section of the Indian community to be present, both from the UAE and abroad. The Hindu group that is building the temple will have their holiest leader attending – and we expect very senior representation from the leadership of the UAE.

When the designs were taken to the leadership, there were two clear options. There was a New Jersey model with a rectangular structure with the temple recessed inside so it was not too visible from the outside and another was the Neasden temple in London with the spires in its classical shape. And they said: look we said we wanted a temple so it should look like a temple. So this should be a classical style temple in all its glory.

It is beautifully located - 30 minutes outside of Abu Dhabi and barely 45 minutes to Dubai so it serves the needs of both communities.

This is going to be the big temple where I expect people to come from across the country at major festivals and occasions.

It is hugely important – it will take a couple of years to complete given the scale. It is going to be remarkable and will contribute something not just to the landscape in terms of visual architecture but also to the ethos. Here will be a real representation of UAE’s pluralism.

Tu%20Jhoothi%20Main%20Makkaar%20
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Other key dates
  • Finals draw: December 2
  • Finals (including semi-finals and third-placed game): June 5–9, 2019
  • Euro 2020 play-off draw: November 22, 2019
  • Euro 2020 play-offs: March 26–31, 2020
Asia Cup Qualifier

Venue: Kuala Lumpur

Result: Winners play at Asia Cup in Dubai and Abu Dhabi in September

Fixtures:

Wed Aug 29: Malaysia v Hong Kong, Nepal v Oman, UAE v Singapore

Thu Aug 30: UAE v Nepal, Hong Kong v Singapore, Malaysia v Oman

Sat Sep 1: UAE v Hong Kong, Oman v Singapore, Malaysia v Nepal

Sun Sep 2: Hong Kong v Oman, Malaysia v UAE, Nepal v Singapore

Tue Sep 4: Malaysia v Singapore, UAE v Oman, Nepal v Hong Kong

Thu Sep 6: Final

 

Asia Cup

Venue: Dubai and Abu Dhabi

Schedule: Sep 15-28

Teams: Afghanistan, Bangladesh, India, Pakistan, Sri Lanka, plus the winner of the Qualifier

Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

Greatest Royal Rumble results

John Cena pinned Triple H in a singles match

Cedric Alexander retained the WWE Cruiserweight title against Kalisto

Matt Hardy and Bray Wyatt win the Raw Tag Team titles against Cesaro and Sheamus

Jeff Hardy retained the United States title against Jinder Mahal

Bludgeon Brothers retain the SmackDown Tag Team titles against the Usos

Seth Rollins retains the Intercontinental title against The Miz, Finn Balor and Samoa Joe

AJ Styles remains WWE World Heavyweight champion after he and Shinsuke Nakamura are both counted out

The Undertaker beats Rusev in a casket match

Brock Lesnar retains the WWE Universal title against Roman Reigns in a steel cage match

Braun Strowman won the 50-man Royal Rumble by eliminating Big Cass last

U19 World Cup in South Africa

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

UAE squad

Aryan Lakra (captain), Vriitya Aravind, Deshan Chethyia, Mohammed Farazuddin, Jonathan Figy, Osama Hassan, Karthik Meiyappan, Rishabh Mukherjee, Ali Naseer, Wasi Shah, Alishan Sharafu, Sanchit Sharma, Kai Smith, Akasha Tahir, Ansh Tandon

Anghami
Started: December 2011
Co-founders: Elie Habib, Eddy Maroun
Based: Beirut and Dubai
Sector: Entertainment
Size: 85 employees
Stage: Series C
Investors: MEVP, du, Mobily, MBC, Samena Capital

What is graphene?

Graphene is extracted from graphite and is made up of pure carbon.

It is 200 times more resistant than steel and five times lighter than aluminum.

It conducts electricity better than any other material at room temperature.

It is thought that graphene could boost the useful life of batteries by 10 per cent.

Graphene can also detect cancer cells in the early stages of the disease.

The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.

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

Titanium Escrow profile

Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue  
Stage: Early stage
Investors: Founder's friends and Family

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

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DUBAI WORLD CUP RACE CARD

6.30pm Meydan Classic Trial US$100,000 (Turf) 1,400m

7.05pm Handicap $135,000 (T) 1,400m

7.40pm UAE 2000 Guineas Group Three $250,000 (Dirt) 1,600m

8.15pm Dubai Sprint Listed Handicap $175,000 (T) 1,200m

8.50pm Al Maktoum Challenge Round-2 Group Two $450,000 (D) 1,900m

9.25pm Handicap $135,000 (T) 1,800m

10pm Handicap $135,000 (T) 1,400m

 

The National selections

6.30pm Well Of Wisdom

7.05pm Summrghand

7.40pm Laser Show

8.15pm Angel Alexander

8.50pm Benbatl

9.25pm Art Du Val

10pm: Beyond Reason

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Updated: July 18, 2022, 6:54 AM