Zayed Sports City houses the stadium that will host a record-breaking four-night run by Coldplay early next year. Photo: OVG Middle East
Zayed Sports City houses the stadium that will host a record-breaking four-night run by Coldplay early next year. Photo: OVG Middle East
Zayed Sports City houses the stadium that will host a record-breaking four-night run by Coldplay early next year. Photo: OVG Middle East
Zayed Sports City houses the stadium that will host a record-breaking four-night run by Coldplay early next year. Photo: OVG Middle East

Coldplay's upcoming Abu Dhabi shows mark an 'astonishing expansion' of the UAE's event scene


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Big names, more exclusive events and elevated food and beverage experiences are just some of the things to expect from Zayed Sports City in Abu Dhabi and the House of Sustainability in Dubai over the coming months.

That's the view of Jessica Koravos, the president of Oak View Group (OVG) International. The American company, which operates stadiums, arenas and other live-event venues across the world, has teamed up with Ethara, a local operator, to manage both spots under the name OVG Middle East. Based in Abu Dhabi, Ethara already manages several prime locations, like Etihad Arena and Yas Marina Circuit in the UAE capital.

“We're all about fantastic events and experiences being delivered to the people,” Koravos tells The National. Speaking about the joint venture, she explains that her team is working on the programming for both Zayed Sports City in the capital and the House of Sustainability (formerly UAE Pavilion) in Dubai Expo City to “elevate the venues to the next level”.

Developing a touring circuit

There been a lot of excitement about Zayed Sports City lately, aided by ticket sales for a record breaking four-days of performances by Coldplay. The demand was unprecedented and is described by Koravos as an “astonishing expansion” of the region's appetite for live events.

Aside from sporting events, Zayed Sports City also plays host to concerts and other cultural performances. Photo: OVG Middle East
Aside from sporting events, Zayed Sports City also plays host to concerts and other cultural performances. Photo: OVG Middle East

“The UAE, and the Middle East in general, is a crucial part of a global touring circuit in a way that it didn't used to be,” she says. “Previously, artists came to the UAE as a one-off. They would play in one venue and then would go.”

Koravos explains that creating venues that can accommodate these artists, often with big production requirements, is important if people want to see more big names perform in the region. “It's really just the beginning, and once you start to see these venues come to life, especially in other neighbouring countries such as Saudi Arabia, you start to have a little bit of a touring circuit,” she says.

“Artists will not have to come all the way to this part of the world for one show – maybe they can play two, three or four stadiums in Abu Dhabi, for example, and then two, three or four more stadiums in Saudi Arabia, which makes it worth it, similar to what happens in Europe.”

Premium experiences

At the moment, adds Koravos, it can be “too expensive for artists to get here, but we're seeing that change”. Four years on, and the aftermath of the pandemic still lingers in the live events space, according to David Powell, the chief strategy officer at Ethara.

“The dynamo effect of the pandemic on the appetite for live experiences cannot be underestimated,” he says. “Coming out of it, people now really value in-person experiences and moments that you just can't miss.”

But the venues, Powell explains, are what really “add to the experience”. This is a huge element of the partnership between OVG and Ethara, and that is going to be a major focus for the venues they will operate in the region.

“The experience starts when you leave your house, and it finishes when you get home. Anything that happens in between can make you decide to never do it again,” says Koravos.

Powell, who has worked on hosting the Abu Dhabi Grand Prix with Ethara over the years, says they have learnt so much by organising the high-traffic global event. Last year, for example, elevating its food and beverage offering was a big focus, with the event becoming somewhat of a culinary showcase, swapping the standard festival fare of burgers and pizzas with more high-end dishes expected to find in Michelin-rated venues.

House of Sustainability was a major venue during Cop28 last year. Photo: OVG Middle East
House of Sustainability was a major venue during Cop28 last year. Photo: OVG Middle East

Koravos echoes this, and says that food and beverage “is something that we're very focused on as a group, trying to create a really elevated hospitality experience for people”.

For both Zayed Sports City and the House of Sustainability, she says they want to create “something that you can't get anywhere else” in terms of dining.

“For example, Shaquille O'Neal owns a chain of restaurants in the US that serve the best chicken sandwich you will ever have in your life, called Big Chicken,” she says. “We've got a franchise of it in every one of our arenas in the US, and we've just put the first international Big Chicken branch in our arena in Manchester. We're hoping to persuade Shaq to maybe bring Big Chicken to Zayed Sports City.”

In terms of any further confirmation of how these plans will play out – which artists will be booked next and what an elevated culinary scene might look like – Koravos is keeping precise details under wraps, simply stating that “you've got to watch the space.”

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Four tips to secure IoT networks

Mohammed Abukhater, vice president at FireEye in the Middle East, said:

- Keep device software up-to-date. Most come with basic operating system, so users should ensure that they always have the latest version

- Besides a strong password, use two-step authentication. There should be a second log-in step like adding a code sent to your mobile number

- Usually smart devices come with many unnecessary features. Users should lock those features that are not required or used frequently

- Always create a different guest network for visitors

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

Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

Zimbabwe v UAE, ODI series

All matches at the Harare Sports Club

  • 1st ODI, Wednesday, April 10
  • 2nd ODI, Friday, April 12
  • 3rd ODI, Sunday, April 14
  • 4th ODI, Sunday, April 16

Squads:

  • UAE: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed
  • Zimbabwe: Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura
THE BIO: Mohammed Ashiq Ali

Proudest achievement: “I came to a new country and started this shop”

Favourite TV programme: the news

Favourite place in Dubai: Al Fahidi. “They started the metro in 2009 and I didn’t take it yet.”

Family: six sons in Dubai and a daughter in Faisalabad

 

RESULT

Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')

Founders: Ines Mena, Claudia Ribas, Simona Agolini, Nourhan Hassan and Therese Hundt

Date started: January 2017, app launched November 2017

Based: Dubai, UAE

Sector: Private/Retail/Leisure

Number of Employees: 18 employees, including full-time and flexible workers

Funding stage and size: Seed round completed Q4 2019 - $1m raised

Funders: Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures, with support from the OQAL Angel Investor Network and UAE Business Angels

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A
SPECS
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Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

How to report a beggar

Abu Dhabi – Call 999 or 8002626 (Aman Service)

Dubai – Call 800243

Sharjah – Call 065632222

Ras Al Khaimah - Call 072053372

Ajman – Call 067401616

Umm Al Quwain – Call 999

Fujairah - Call 092051100 or 092224411

WITHIN%20SAND
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MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

Fixtures

50-over match

UAE v Lancashire, starts at 10am

Champion County match

MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am

Both matches are at ICC Academy, Dubai Sports City. Admission is free.

The President's Cake

Director: Hasan Hadi

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

Rating: 4/5

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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

UAE currency: the story behind the money in your pockets
MATCH INFO

Uefa Champions League, last 16, first leg

Liverpool v Bayern Munich, midnight (Wednesday), BeIN Sports

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

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%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

Updated: October 07, 2024, 11:44 AM