One of the biggest fights in boxing will finally take place this weekend when unified light-heavyweight world champion Artur Beterbiev and WBA title holder Dmitry Bivol battle for undisputed in Saudi Arabia.
Ahead of the big night, here is everything you need to know about the "Four-Crown Showdown" event.
What is it?
"Four-Crown Showdown" is a major boxing event that will be headlined by the light-heavyweight championship bout between WBC, WBO and IBF belt holder Beterbiev and WBA champion Bivol. With all four belts on the line, the winner will emerge as the undisputed champion of the 175-pound division.
Before their fight, boxing fans will be treated to an impressive undercard, including two world title fights and a highly-anticipated heavyweight rematch.
When is it?
The event takes place this Saturday, October 12. It was originally scheduled for June 1 but was postponed to the new date after Beterbiev suffered a knee injury during training camp and required surgery.
Where is it?
The Kingdom Arena in Riyadh will once again play host to a massive world title fight. The arena has become the de facto venue for major boxing events in the Saudi Arabian capital, including May's undisputed heavyweight bout between Oleksandr Usyk and Tyson Fury and the rematch in December.
Who are the headline fighters?
In an increasingly competitive light-heavyweight division, Beterbiev and Bivol remain the standard bearers.
Beterbiev has earned a reputation as one of the finest knockout specialists of his generation, winning all 20 of his professional bouts by stoppage. The Canada-based Russian first became world champion when he won the vacant IBF belt in 2017 by knocking out Enrico Koelling in the final round in California.
Three fights later, he added Oleksandr Gvozdyk's WBC title to his collection with a 10th-round knockout in Philadelphia. Two title defences of his belts followed before Beterbiev engaged in another unification bout with then-WBO champion Joe Smith Jr, whom he cleaned out in two rounds in New York in 2022.
Beterbiev retained his three titles with successive knockout wins over British fighters, stopping Anthony Yarde in January 2023 and former super-middleweight champion Callum Smith 12 months later.
Bivol is also unbeaten heading into Saturday's bout, winning 13 of 23 inside the distance. He began his world title journey by claiming the WBA's interim belt in 2016 and was later elevated to full champion the following year.
Bivol fought Trent Broadhurst in November 2017 in his first bout as world champion and has made 11 successful title defences, many of them against top-tier challengers, including a superb points win over GIlberto Ramirez in Abu Dhabi.
But it was his May 2022 fight against pound-for-pound superstar Saul 'Canelo' Alvarez that thrust the California-based Russian into the spotlight. Alvarez was regarded as the pre-fight favourite, despite an ambitious climb up to light-heavyweight, but Bivol delivered a flawless performance in Las Vegas to inflict a second career defeat on the Mexican.
Where Beterbiev is known for his ferocious power, Bivol has established himself as one of the most skillful and technically gifted fighters on the planet. This clash of styles is expected to deliver a blockbuster fight.
Who is on the undercard?
In typical Saudi style, the undercard is packed with exciting bouts. The co-main event is a middleweight fight between British fighter Chris Eubank Jr and Polish veteran Kamil Szeremeta. Eubank has not fought since claiming revenge against Liam Smith 13 months ago and is looking to get back into the world title conversation.
Before then is the heavyweight rematch between British and Commonwealth champion Fabio Wardley and former Olympic bronze medallist Frazer Clarke. The British fighters fought to a thrilling draw in March and will settle their rivalry in Riyadh.
Elsewhere, IBF cruiserweight champion Jai Opetaia will fight in Riyadh for a third successive time when he defends his title against European champion Jack Massey, and the entertaining light-heavyweight prospect Ben Whittaker competes in his ninth pro fight against Liam Cameron.
The undercard begins with Saudi lightweight Mohammaed Alakel making his professional debut against Jesus Gonzalez, before the first world title fight of the night sees Skye Nicolson put her WBC featherweight title on the line against Raven Chapman. The bout will make history as the first women's world title fight ever to be staged in the kingdom.
WBC lightweight world champion Shakur Stevenson had been scheduled to defend his title against Joe Cordina, but the American was forced to withdraw due to a hand injury in training.
What is the fight week schedule?
The build-up to fight night starts on Tuesday with the Grand Arrivals when the fighters are introduced in a lavish ceremony at Boulevard City. The open workouts then take place on Wednesday, before a press conference on Thursday and the weigh-ins on Friday.
What time does the event start?
The main card, starting with Alakel v Gonzalez, will begin at 9pm local time (10pm UAE) on Saturday. Beterbiev and Bivol are expected to make their ring walks at approximately 2am UAE time on Sunday morning.
Are tickets still available?
There are still some tickets available, ranging from Dh100 to Dh2000. For ticket options, click here.
Which TV channels are showing the fight?
The show will be broadcast exclusively in the Middle East on DAZN.
Fixtures
Wednesday
4.15pm: Japan v Spain (Group A)
5.30pm: UAE v Italy (Group A)
6.45pm: Russia v Mexico (Group B)
8pm: Iran v Egypt (Group B)
if you go
The flights
Fly direct to Kutaisi with Flydubai from Dh925 return, including taxes. The flight takes 3.5 hours. From there, Svaneti is a four-hour drive. The driving time from Tbilisi is eight hours.
The trip
The cost of the Svaneti trip is US$2,000 (Dh7,345) for 10 days, including food, guiding, accommodation and transfers from and to Tbilisi or Kutaisi. This summer the TCT is also offering a 5-day hike in Armenia for $1,200 (Dh4,407) per person. For further information, visit www.transcaucasiantrail.org/en/hike/
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Essentials
The flights
Whether you trek after mountain gorillas in Rwanda, Uganda or the Congo, the most convenient international airport is in Rwanda’s capital city, Kigali. There are direct flights from Dubai a couple of days a week with RwandAir. Otherwise, an indirect route is available via Nairobi with Kenya Airways. Flydubai flies to Kinshasa in the Democratic Republic of Congo, via Entebbe in Uganda. Expect to pay from US$350 (Dh1,286) return, including taxes.
The tours
Superb ape-watching tours that take in all three gorilla countries mentioned above are run by Natural World Safaris. In September, the company will be operating a unique Ugandan ape safari guided by well-known primatologist Ben Garrod.
In the Democratic Republic of Congo, local operator Kivu Travel can organise pretty much any kind of safari throughout the Virunga National Park and elsewhere in eastern Congo.
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.”
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Results
2pm: Maiden (TB) Dh60,000 (Dirt) 1,200m, Winner: Mouheeb, Tom Marquand (jockey), Nicholas Bachalard (trainer)
2.30pm: Handicap (TB) Dh68,000 (D) 1,200m, Winner: Honourable Justice, Royston Ffrench, Salem bin Ghadayer
3pm: Handicap (TB) Dh84,000 (D) 1,200m, Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi
3.30pm: Conditions (TB) Dh100,000 (D) 1,200m, Winner: Dark Silver, Fernando Jara, Ahmad bin Harmash
4pm: Maiden (TB) Dh60,000 (D) 1,600m, Winner: Dark Of Night. Antonio Fresu, Al Muhairi.
4.30pm: Handicap (TB) Dh68,000 (D) 1,600m, Winner: Habah, Pat Dobbs, Doug Watson
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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Mohammed bin Zayed Majlis
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What is tokenisation?
Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets.
Ovo's tips to find extra heat
- Open your curtains when it’s sunny
- Keep your oven open after cooking
- Have a cuddle with pets and loved ones to help stay cosy
- Eat ginger but avoid chilli as it makes you sweat
- Put on extra layers
- Do a few star jumps
- Avoid alcohol
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
Indoor cricket in a nutshell
Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
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More on Coronavirus in France
Specs
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Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
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UAE currency: the story behind the money in your pockets
