• A sign for Harriet Hageman along Highway 191. Ms Hageman holds a double-digit lead over incumbent Liz Cheney. All photos: Willy Lowry / The National
    A sign for Harriet Hageman along Highway 191. Ms Hageman holds a double-digit lead over incumbent Liz Cheney. All photos: Willy Lowry / The National
  • Kevin McFadden, a Republican, says he will not vote for Ms Cheney because he feels she doesn't represent the people of Wyoming, a common refrain.
    Kevin McFadden, a Republican, says he will not vote for Ms Cheney because he feels she doesn't represent the people of Wyoming, a common refrain.
  • The headquarters of the Republican Party in Cheyenne, Wyoming.
    The headquarters of the Republican Party in Cheyenne, Wyoming.
  • The group Principles First Conservatives poses for a picture outside a doughnut shop that doubles as a sushi restaurant.
    The group Principles First Conservatives poses for a picture outside a doughnut shop that doubles as a sushi restaurant.
  • Polly Calhoun knocks on a prospective voter's door to urge them to vote for Ms Cheney in Tuesday's Republican Primary.
    Polly Calhoun knocks on a prospective voter's door to urge them to vote for Ms Cheney in Tuesday's Republican Primary.
  • Lee Annis, who has been a registered Republican since 1972, drove from outside Washington, DC, to help drum up support for Ms Cheney.
    Lee Annis, who has been a registered Republican since 1972, drove from outside Washington, DC, to help drum up support for Ms Cheney.
  • A grassy plain off Highway 191. Wyoming is a mostly rural state filled with farmland, plains and mountains.
    A grassy plain off Highway 191. Wyoming is a mostly rural state filled with farmland, plains and mountains.
  • A pro-gun bumper sticker on the back of an old pick-up truck in Cheyenne.
    A pro-gun bumper sticker on the back of an old pick-up truck in Cheyenne.
  • A sign for Liz Cheney sits at an intersection in Jackson, Wyoming.
    A sign for Liz Cheney sits at an intersection in Jackson, Wyoming.
  • People gather in the Cheyenne city centre for a concert.
    People gather in the Cheyenne city centre for a concert.
  • The old depot in Cheyenne.
    The old depot in Cheyenne.
  • Shoshone National Forest, one of several national parks and forests in Wyoming.
    Shoshone National Forest, one of several national parks and forests in Wyoming.
  • Polly Calhoun knocks on a prospective voter's door to urge them to vote for Ms Cheney.
    Polly Calhoun knocks on a prospective voter's door to urge them to vote for Ms Cheney.
  • Ms Calhoun walks towards the home of a prospective Republican voter in Cheyenne.
    Ms Calhoun walks towards the home of a prospective Republican voter in Cheyenne.
  • A sign for Ms Cheney hangs in Riverton, Wyoming.
    A sign for Ms Cheney hangs in Riverton, Wyoming.
  • A Cheney sign hangs from a motor home on the side of a state highway.
    A Cheney sign hangs from a motor home on the side of a state highway.
  • A sign for Harriet Hageman along Highway 191. Ms Hageman holds a double-digit lead over Ms Cheney.
    A sign for Harriet Hageman along Highway 191. Ms Hageman holds a double-digit lead over Ms Cheney.
  • The Wyoming State Capitol in Cheyenne.
    The Wyoming State Capitol in Cheyenne.
  • Evan Wagner and his dog Hiko travelled from Austin, Texas, to support Ms Cheney in Wyoming.
    Evan Wagner and his dog Hiko travelled from Austin, Texas, to support Ms Cheney in Wyoming.
  • A sign urging Wyoming voters to 'Ditch Liz' sits along Highway 80 outside of Laramie, Wyoming.
    A sign urging Wyoming voters to 'Ditch Liz' sits along Highway 80 outside of Laramie, Wyoming.
  • Shoshone National Forest, one of several national parks and forests in Wyoming.
    Shoshone National Forest, one of several national parks and forests in Wyoming.
  • The Grand Teton Mountains rise above Jackson.
    The Grand Teton Mountains rise above Jackson.
  • A desolate stretch of state Highway 191. Wyoming is large, rural state.
    A desolate stretch of state Highway 191. Wyoming is large, rural state.
  • Heath Mayo explains a plan for 'door knocking' to drum up support for Ms Cheney.
    Heath Mayo explains a plan for 'door knocking' to drum up support for Ms Cheney.
  • A man attends an outdoor music festival in Cheyenne.
    A man attends an outdoor music festival in Cheyenne.
  • The Wyoming Republican Party office in Cheyenne.
    The Wyoming Republican Party office in Cheyenne.
  • Polly Calhoun and Emily Hughes prepare to knock on doors for Ms Cheney in Cheyenne.
    Polly Calhoun and Emily Hughes prepare to knock on doors for Ms Cheney in Cheyenne.
  • The Wrangler building in the Cheyenne city centre. The capital of Wyoming still feels very much like an old frontier town.
    The Wrangler building in the Cheyenne city centre. The capital of Wyoming still feels very much like an old frontier town.
  • Members of the group Principles First Conservatives meet inside Delectable Donuts in Cheyenne.
    Members of the group Principles First Conservatives meet inside Delectable Donuts in Cheyenne.
  • The Cowboy Bar in Jackson. The liberal enclave may be key to Ms Cheney's political success.
    The Cowboy Bar in Jackson. The liberal enclave may be key to Ms Cheney's political success.
  • A rural church on the side of Highway 191.
    A rural church on the side of Highway 191.
  • Tourist gather in the town square in Jackson. Democrats in the liberal enclave are switching parties to vote for Ms Cheney in the Republican primary.
    Tourist gather in the town square in Jackson. Democrats in the liberal enclave are switching parties to vote for Ms Cheney in the Republican primary.
  • Heath Mayo, founder of Principles First Conservatives, speaks to members before Tuesday's Republican primary.
    Heath Mayo, founder of Principles First Conservatives, speaks to members before Tuesday's Republican primary.
  • Polly Calhoun, who drove 15 hours from Minnesota to knock on doors for Ms Cheney, speaks with a fellow Principles First Conservative.
    Polly Calhoun, who drove 15 hours from Minnesota to knock on doors for Ms Cheney, speaks with a fellow Principles First Conservative.
  • Shoshone National Forest, one of several national parks and forests in Wyoming.
    Shoshone National Forest, one of several national parks and forests in Wyoming.

Why top Republican Liz Cheney is close to losing the Wyoming primary


Willy Lowry
  • English
  • Arabic

Inside a doughnut shop that moonlights as a sushi restaurant in Cheyenne, Wyoming, a group called the Principles First Conservatives is trying to salvage the political career of one of the biggest names in US politics: Liz Cheney.

“We’re not affiliated with any of the campaigns,” said Heath Mayo, founder of Principles First.

“This is a completely grassroots effort of Republicans, some former Republicans and independents who, on their own dime and energy, have come here, volunteering their treasure, their sweat and their energy.”

Ms Cheney will need every ounce of their energy if she is to eke out a victory in the Republican congressional primary — but this appears less and less likely every day.

The daughter of former Republican vice president Dick Cheney shot to prominence following her strong rebuke of former president Donald Trump’s unfounded claims that he had won the 2020 presidential election.

This as well as her active involvement on the committee investigating the January 6, 2021, attack on the US Capitol has won her plaudits from many across the aisle, but many in her party have distanced themselves or even ridiculed the veteran politician for taking a stand against Mr Trump.

The former president himself has been vocal in his criticism of her and has endorsed her rival, Harriet Hageman, in the coming primary.

Mr Trump's mark of approval has proven to be mostly — but not always — a golden ticket for his chosen candidates, who have picked up nominations in key states such as Pennsylvania and Michigan.

Liz and Dick Cheney join Democrats to mark January 6 attack anniversary

Ms Cheney herself is now more than 20 points behind Ms Hageman in the polls, as the August 16 primary approaches.

Locally, she has been attacked by fellow Republicans for “betraying” the state, with one local conservative radio host described her as “a Virginia Democrat posing as a Wyoming Republican”.

This is a common refrain among conservatives here in Wyoming, a mostly rural state speckled with coal mines, wind turbines and ranches. It is the least populated state in the US, with its biggest city, Cheyenne, having a population of only 64,000.

There is a pride that comes with being from the state, full of hardworking ranchers, fiercely independent farmers and lovers of wide-open spaces. It has been forged through the generations, and people from the state can at times take umbrage to outsiders.

“I consider her a carpetbagger,” said Vincent Vanada, who sits on Wyoming's Republican Party executive committee. “She lived outside Wyoming almost her entire life.”

Ms Cheney was born in Wisconsin and grew up in Wyoming and the Washington, DC, area, while her father climbed the Republican political ladder. She re-established residency in the state in 2012.

But some view her ties to the state as tenuous.

Four US state primaries — in pictures

  • Suffield, Connecticut, is one of several small towns in the state where control flipped from Democrats to Republicans in last year’s municipal races. AP
    Suffield, Connecticut, is one of several small towns in the state where control flipped from Democrats to Republicans in last year’s municipal races. AP
  • A voter arrives at Suffield Middle School in Connecticut on primary election day. AP
    A voter arrives at Suffield Middle School in Connecticut on primary election day. AP
  • Republican first selectman Colin Moll talks to Suffield residents Richard and Connie Davis before they vote in the state's primary election on Tuesday. AP
    Republican first selectman Colin Moll talks to Suffield residents Richard and Connie Davis before they vote in the state's primary election on Tuesday. AP
  • Jennifer Carnahan is running for the Minnesota US House seat vacated by the death of her husband Jim Hagedorn. Star Tribune / AP
    Jennifer Carnahan is running for the Minnesota US House seat vacated by the death of her husband Jim Hagedorn. Star Tribune / AP
  • Representative Ilhan Omar celebrates with her children after winning the Democratic primary in Minnesota's Fifth Congressional District. Star Tribune / AP
    Representative Ilhan Omar celebrates with her children after winning the Democratic primary in Minnesota's Fifth Congressional District. Star Tribune / AP
  • An election judge shows people how the voting machine will operate and detect errors on ballots on election day at a polling centre in Burnsville, Minnesota. AP
    An election judge shows people how the voting machine will operate and detect errors on ballots on election day at a polling centre in Burnsville, Minnesota. AP
  • Rebecca Kleefisch, Tim Michels and Timothy Ramthun participate in a televised Wisconsin Republican gubernatorial debate in Milwaukee. Tuesday's winner will advance to face Democratic governor Tony Evers in November. AP
    Rebecca Kleefisch, Tim Michels and Timothy Ramthun participate in a televised Wisconsin Republican gubernatorial debate in Milwaukee. Tuesday's winner will advance to face Democratic governor Tony Evers in November. AP
  • Joel Kleefisch and his daughter Ella listen as his wife Rebecca addresses a campaign event in Madison, Wisconsin. Getty Images / AFP
    Joel Kleefisch and his daughter Ella listen as his wife Rebecca addresses a campaign event in Madison, Wisconsin. Getty Images / AFP
  • Wisconsin lieutenant governor Mandela Barnes is running to become the Democratic nominee for the US senate and would face incumbent senator Ron Johnson in the general election in November. Getty Images / AFP
    Wisconsin lieutenant governor Mandela Barnes is running to become the Democratic nominee for the US senate and would face incumbent senator Ron Johnson in the general election in November. Getty Images / AFP
  • Mr Barnes would be the first black senator to represent Wisconsin. Getty Images / AFP
    Mr Barnes would be the first black senator to represent Wisconsin. Getty Images / AFP
  • Vermont senator Becca Balint is seeking the Democratic nomination to run for the state's vacant US House seat. AP
    Vermont senator Becca Balint is seeking the Democratic nomination to run for the state's vacant US House seat. AP
  • Democratic US House candidate lieutenant governor Molly Gray speaks to voters in Middlesex, Vermont. AP
    Democratic US House candidate lieutenant governor Molly Gray speaks to voters in Middlesex, Vermont. AP
  • John Gurney, of Brattleboro, casts an early ballot for Tuesday's Vermont primary election. The Brattleboro Reformer / AP
    John Gurney, of Brattleboro, casts an early ballot for Tuesday's Vermont primary election. The Brattleboro Reformer / AP
  • US Congressman Peter Welch, a Democrat, is running for the open US Senate seat in Vermont. The Brattleboro Reformer / AP
    US Congressman Peter Welch, a Democrat, is running for the open US Senate seat in Vermont. The Brattleboro Reformer / AP
  • Sianay Chase Clifford, a Vermont social worker, is one of four women seeking a seat in the US House for Vermont. AP
    Sianay Chase Clifford, a Vermont social worker, is one of four women seeking a seat in the US House for Vermont. AP

“I found out she doesn’t live in Wyoming, she's in and out of Wyoming. I just like local stuff,” said Kevin McFadden, who works in the oil industry.

The Republican representative and her husband have homes in Wilson, Wyoming, and McLean, Virginia, outside of Washington. It’s common for politicians to split time between the capital and their home states.

Faced with a party that seems poised to reject her, Ms Cheney has said she is willing to lose, if it means standing up for the constitution. But she has run a listless campaign, choosing not to hold any large public events and opting for smaller, more intimate gatherings.

As the primary approached, she recently turned to her father for help. The former vice president, clad in a cowboy hat, recorded a message slamming Mr Trump as a “coward”, saying: “In our nation’s 246 year history, there has never been an individual who is a greater threat to our republic than Donald Trump.”

The Cheneys’ vocal distaste for the former president has rankled many in a state that voted overwhelmingly for him.

“Her and her father are so anti-Trump that it just turns my stomach,” said one woman, who was sitting on an American flag foldable chair during an outdoor music concert in central Cheyenne.

Ms Cheney was one of only 10 Republicans to vote to impeach Mr Trump — a move some say will come back to haunt her.

A campaign sign supporting Liz Cheney is displayed in Jackson, Wyoming. AP
A campaign sign supporting Liz Cheney is displayed in Jackson, Wyoming. AP

“I just thought it was profoundly stupid and a really bad move for Liz Cheney to vote for impeachment on Donald Trump after that whole debacle at the Capitol,” Mr Vanada told The National.

The Hill reported last year that Ms Cheney had spent thousands of dollars on private security after receiving death threats following her vote to impeach Mr Trump. This could be one reason for the smaller gatherings during her campaign, as it makes it easier to manage security.

While Ms Cheney has struggled to find support from within her own party, she has been actively courting left-leaning voters.

She recently held a private campaign event in Jackson, the state’s only liberal enclave — and home to some of the richest people in the country. The event was packed with both Republicans and Democrats.

“It was unusual, I've never been to an event like that,” said Luther Propst, a Democrat, who is on the board of commissioners for Teton County, where Ms Cheney lives. “One, because I would say it was maybe 50 per cent Democrat, 50 per cent Republican.”

Mr Propst said Ms Cheney was actively trying to get the Democrats present to switch parties and vote for her.

“She was in campaign mode, for sure,” Mr Propst told The National. “She was encouraging the crossover vote.”

A quirk of the Wyoming political process allows voters to register their party up until the day of the primary.

At the Whole Foods in Jackson, where young, athletic-looking people ride in on electric bicycles or clamber out of heavy-duty 4X4 vehicles, a number of Democrats said they had already switched parties to vote for Ms Cheney.

“I don't agree with most of her politics,” said Susie Blasko. “But I do believe she's standing for America, and she's putting our country ahead of politics.”

Ms Blasko, a retiree originally from New York, said she was “really proud” when she registered as a Republican to support Ms Cheney, though she plans on switching back immediately following Tuesday’s primary.

Liz Cheney speaks during a hearing of the House select committee investigating the January 6 attack on the US Capitol. AP
Liz Cheney speaks during a hearing of the House select committee investigating the January 6 attack on the US Capitol. AP

Back in Cheyenne, as Mr Mayo marshalled a group of more than a dozen Cheney supporters to knock on doors, he complained about the current state of the Republican Party.

“Ever since 2016, I've felt completely politically homeless,” he told The National. “Things that I believe in, limited government, the constitution, just truth and honesty and good character, the Republican Party has kind of abandoned those things and chased popularity and personality.”

He’s not alone: Polly Calhoun drove more than 15 hours from rural Minnesota to help drum up support for Ms Cheney in Cheyenne.

“She’s been totally committed to the conservative principles,” explained Ms Calhoun.

Ms Cheney’s voting record is staunchly conservative and her votes in the House lined up quite closely with the views of Mr Trump before he began circulating claims of widespread voter fraud in the 2020 election.

Even Mr Vanada, the Republican Party executive committee member, conceded that she has “an outstanding voting record.”

But it appears that will not be enough for her to get through the primary.

Despite the bleak outlook, her supporters are hoping she will make a run for president in 2024, though that may be difficult.

“If there is a [political] reincarnation, I think it would have to come a few years down the road,” said James King, professor of political science at the University of Wyoming.

“Normally when someone loses a primary, one of the big issues is that the person has lost contact with the state, then it usually that means that there aren't going to be other avenues within the state for that candidate,” he told The National.

The fact that Ms Cheney — a household name across the country and heir to the state’s most powerful political family — may no longer have a home in the Republican Party shows how deep the rift has become between Mr Trump's supporters and his detractors.

MATCH INFO

Manchester City 4 (Gundogan 8' (P), Bernardo Silva 19', Jesus 72', 75')

Fulham 0

Red cards: Tim Ream (Fulham)

Man of the Match: Gabriel Jesus (Manchester City)

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88

Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883

UAE Team Emirates

Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Greatest Royal Rumble match listing

50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias

Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match

WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura

Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe

United States Championship Jeff Hardy (champion) v Jinder Mahal

SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos

Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt

Casket match The Undertaker v Rusev

Singles match John Cena v Triple H

Cruiserweight Championship Cedric Alexander v Kalisto

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3Eamana%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2010%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Karim%20Farra%20and%20Ziad%20Aboujeb%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3ERegulator%3A%20%3C%2Fstrong%3EDFSA%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinancial%20services%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E85%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESelf-funded%3Cbr%3E%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Continental champions

Best Asian Player: Massaki Todokoro (Japan)

Best European Player: Adam Wardzinski (Poland)

Best North & Central American Player: DJ Jackson (United States)

Best African Player: Walter Dos Santos (Angola)

Best Oceanian Player: Lee Ting (Australia)

Best South American Player: Gabriel De Sousa (Brazil)

Best Asian Federation: Saudi Jiu-Jitsu Federation

Real Madrid 1
Ronaldo (87')

Athletic Bilbao 1
Williams (14')

Meydan racecard:

6.30pm: Handicap | US$135,000 (Dirt) | 1,400 metres

7.05pm: Handicap | $135,000 (Turf) | 1,200m

7.40pm: Dubai Millennium Stakes | Group 3 | $200,000 (T) | 2,000m

8.15pm: UAE Oaks | Group 3 | $250,000 (D) | 1,900m

8.50pm: Zabeel Mile | Group 2 | $250,000 (T) | 1,600m

9.20pm: Handicap | $135,000 (T) | 1,600m

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

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

Results

5.30pm: Maiden (TB) Dh82,500 (Turf) 1,400m; Winner: Mcmanaman, Sam Hitchcock (jockey), Doug Watson (trainer)

6.05pm: Handicap (TB) Dh87,500 (T) 1,400m; Winner: Bawaasil, Sam Hitchcott, Doug Watson

6.40pm: Handicap (TB) Dh105,000 (Dirt) 1,400m; Winner: Bochart, Fabrice Veron, Satish Seemar

7.15pm: Handicap (TB) Dh105,000 (T) 1,200m; Winner: Mutaraffa, Antonio Fresu, Musabah Al Muhairi

7.50pm: Longines Stakes – Conditions (TB) Dh120,00 (D) 1,900m; Winner: Rare Ninja, Royston Ffrench, Salem bin Ghadayer

8.25pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m; Winner: Alfareeq, Antonio Fresu, Musabah Al Muhairi

9pm: Handicap (TB) Dh105,000 (T) 2,410m; Winner: Good Tidings, Antonio Fresu, Musabah Al Muhairi

9.35pm: Handicap (TB) Dh92,500 (T) 2,000m; Winner: Zorion, Abdul Aziz Al Balushi, Helal Al Alawi

 

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

Mobile phone packages comparison
Spain drain

CONVICTED

Lionel Messi Found guilty in 2016 of of using companies in Belize, Britain, Switzerland and Uruguay to avoid paying €4.1m in taxes on income earned from image rights. Sentenced to 21 months in jail and fined more than €2m. But prison sentence has since been replaced by another fine of €252,000.

Javier Mascherano Accepted one-year suspended sentence in January 2016 for tax fraud after found guilty of failing to pay €1.5m in taxes for 2011 and 2012. Unlike Messi he avoided trial by admitting to tax evasion.

Angel di Maria Argentina and Paris Saint-Germain star Angel di Maria was fined and given a 16-month prison sentence for tax fraud during his time at Real Madrid. But he is unlikely to go to prison as is normal in Spain for first offences for non-violent crimes carrying sentence of less than two years.

 

SUSPECTED

Cristiano Ronaldo Real Madrid's star striker, accused of evading €14.7m in taxes, appears in court on Monday. Portuguese star faces four charges of fraud through offshore companies.

Jose Mourinho Manchester United manager accused of evading €3.3m in tax in 2011 and 2012, during time in charge at Real Madrid. But Gestifute, which represents him, says he has already settled matter with Spanish tax authorities.

Samuel Eto'o In November 2016, Spanish prosecutors sought jail sentence of 10 years and fines totalling €18m for Cameroonian, accused of failing to pay €3.9m in taxes during time at Barcelona from 2004 to 2009.

Radamel Falcao Colombian striker Falcao suspected of failing to correctly declare €7.4m of income earned from image rights between 2012 and 2013 while at Atletico Madrid. He has since paid €8.2m to Spanish tax authorities, a sum that includes interest on the original amount.

Jorge Mendes Portuguese super-agent put under official investigation last month by Spanish court investigating alleged tax evasion by Falcao, a client of his. He defended himself, telling closed-door hearing he "never" advised players in tax matters.

White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

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Updated: August 15, 2022, 3:00 AM