• Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, at the Dubai Run on Sheikh Zayed Road in 2019. All photos: faz3 / Snapchat
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, at the Dubai Run on Sheikh Zayed Road in 2019. All photos: faz3 / Snapchat
  • Sheikh Hamdan has urged the public to participate in the event this year.
    Sheikh Hamdan has urged the public to participate in the event this year.
  • He has told his 12.7 million Instagram followers to 'join him' on Sheikh Zayed Road this month.
    He has told his 12.7 million Instagram followers to 'join him' on Sheikh Zayed Road this month.
  • Sheikh Hamdan takes a selfie before the 2019 Dubai Run.
    Sheikh Hamdan takes a selfie before the 2019 Dubai Run.
  • He is set to take part in the event this month, which is split into a family-friendly 5-kilometre route and a more challenging 10km route.
    He is set to take part in the event this month, which is split into a family-friendly 5-kilometre route and a more challenging 10km route.
  • Dubai Run was first held in 2019 and has attracted thousands of entrants.
    Dubai Run was first held in 2019 and has attracted thousands of entrants.
  • Sheikh Hamdan meets participants at the Dubai Run in 2019.
    Sheikh Hamdan meets participants at the Dubai Run in 2019.
  • Sheikh Hamdan with Rio Watson of Team Angel Wolf.
    Sheikh Hamdan with Rio Watson of Team Angel Wolf.

Sheikh Hamdan to lead the charge at Dubai Run on Friday


  • English
  • Arabic

Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, will lead the way as thousands step out in force for the return of the Dubai Run on Friday.

Sheikh Hamdan is urging the public to lace up their running shoes and hit the road for a showpiece event aimed at seasoned racers and newcomers alike.

He shared an Instagram story with his 12.7 million followers to promote the festival of fitness – and called on all to "join me".

Sheikh Zayed Road will again be transformed into a running track for the morning as one of the highlights of the annual Dubai Fitness Challenge flies out of the starting blocks.

Last year's event took a socially distanced detour because of the Covid-19 pandemic, with runners negotiating several routes in an effort to avoid overcrowding.

But all eyes will be on Sheikh Zayed Road once more as the busy Dubai stretch is cleared of cars and filled with huge crowds of runners in pursuit of a good time.

All ages and abilities can take part

Registrations are open for the Dubai Run, which is split into a family-friendly 5-kilometre route and a more challenging 10km for recreational and professional runners.

The start line is near the spectacular Museum of the Future and the scenic route will take in sights such as Emirates Towers, Dubai Mall and Burj Khalifa before finishing up at Al Mustaqbal Street near Dubai World Trade Centre.

Dubai Run was first held in 2019 and attracted thousands of entrants to its first two events.

“Dubai Run has become a signature event in the Dubai Fitness Challenge annual calendar of events. Following the great success last year with tens of thousands of participants, we anticipate even greater attendance this year, from sport and fitness enthusiasts of all ages, nationalities and capabilities, as well as professional and amateur runners," said Saeed Hareb, secretary general of Dubai Sports Council.

"We look forward to transforming Sheikh Zayed Road into a giant running track and bringing Dubai one step closer to becoming one of the most active cities in the world.

"Dubai Run is the epitome of what Dubai represents, a melting pot of different cultures and people, who come together in harmony to enjoy the quality of life that the city has to offer and take advantage of the multiple events and activities that allow them to lead healthier and more active lifestyles, during Dubai Fitness Challenge and all year round.”

The run starts from 6.30am. For more information on the event and how to register, visit www.dubairun.com

39 pictures to mark Sheikh Hamdan's birthday

  • Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, stands on top of the Burj Khalifa. AFP
    Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, stands on top of the Burj Khalifa. AFP
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Hamdan on the London Underground. Photo: Instagram / Faz3
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Hamdan on the London Underground. Photo: Instagram / Faz3
  • Sheikh Hamdan with his baby boy, Sheikh Rashid bin Hamdan, at the Godolphin Stables in England. Photo: Instagram / Faz3
    Sheikh Hamdan with his baby boy, Sheikh Rashid bin Hamdan, at the Godolphin Stables in England. Photo: Instagram / Faz3
  • On top of Ain Dubai, when Dubai's newest attraction opened in October 2021. Photo: Screengrab
    On top of Ain Dubai, when Dubai's newest attraction opened in October 2021. Photo: Screengrab
  • Sheikh Hamdan's selfie at the Expo 2020 Dubai site, posted on his Instagram account. Photo: Instagram / Faz3
    Sheikh Hamdan's selfie at the Expo 2020 Dubai site, posted on his Instagram account. Photo: Instagram / Faz3
  • Cycling around the Expo 2020 site. Photo: Instagram / Faz3
    Cycling around the Expo 2020 site. Photo: Instagram / Faz3
  • Enjoying a close encounter with some giant sharks. Photo: Instagram / Faz3
    Enjoying a close encounter with some giant sharks. Photo: Instagram / Faz3
  • Taking a selfie before joining participants at the Dubai Run in November 2019. Photo: Instagram / Faz3
    Taking a selfie before joining participants at the Dubai Run in November 2019. Photo: Instagram / Faz3
  • Sheikh Hamdan is seen inside the flying taxi of the future. Reuters
    Sheikh Hamdan is seen inside the flying taxi of the future. Reuters
  • Chinese film legend Jackie Chan met Sheikh Hamdan during his visit to the Emirates. Instagram
    Chinese film legend Jackie Chan met Sheikh Hamdan during his visit to the Emirates. Instagram
  • Sheikh Hamdan declares Expo 2020 Dubai open. Photo: Expo 2020 Dubai
    Sheikh Hamdan declares Expo 2020 Dubai open. Photo: Expo 2020 Dubai
  • Taking part in a Spartan Race. Photo: Instagram / Faz3
    Taking part in a Spartan Race. Photo: Instagram / Faz3
  • He is a regular traveller, seen here in Pisa, Italy. Photo: Instagram / Faz3
    He is a regular traveller, seen here in Pisa, Italy. Photo: Instagram / Faz3
  • Sheikh Hamdan in Uzbekistan, a place he says has a 'special place' in his heart. Photo: Instagram / Faz3
    Sheikh Hamdan in Uzbekistan, a place he says has a 'special place' in his heart. Photo: Instagram / Faz3
  • On the Skydeck in Chicago. Photo: Instagram / Faz3
    On the Skydeck in Chicago. Photo: Instagram / Faz3
  • Braving the cold in Canada in January 2018. Photo: Instagram / Faz3
    Braving the cold in Canada in January 2018. Photo: Instagram / Faz3
  • On a cycling tour in Estonia: the Crown Prince often makes trips to places that are off the beaten track. Instagram / Faz3
    On a cycling tour in Estonia: the Crown Prince often makes trips to places that are off the beaten track. Instagram / Faz3
  • With a teetering rock sculpture in Norway, back in 2014. Instagram / Faz3
    With a teetering rock sculpture in Norway, back in 2014. Instagram / Faz3
  • Exploring the glaciers of New Zealand, a country he called 'beautiful' back in May 2015. Instagram / Faz3
    Exploring the glaciers of New Zealand, a country he called 'beautiful' back in May 2015. Instagram / Faz3
  • Wearing a traditional kimono in Japan. Instagram / Faz3
    Wearing a traditional kimono in Japan. Instagram / Faz3
  • By a waterfall on one of the Faroe Islands, which are 18 rocky, volcanic islands between Iceland and Norway. Instagram / Faz3
    By a waterfall on one of the Faroe Islands, which are 18 rocky, volcanic islands between Iceland and Norway. Instagram / Faz3
  • A classic Paris shot. Instagram / Faz3
    A classic Paris shot. Instagram / Faz3
  • In one of his favourite places, Uzbekistan, back in 2015. Spot his dad, Sheikh Mohammed bin Rashid, making his signature gesture in the background. Instagram / Faz3
    In one of his favourite places, Uzbekistan, back in 2015. Spot his dad, Sheikh Mohammed bin Rashid, making his signature gesture in the background. Instagram / Faz3
  • Cycling in San Francisco in 2015. Instagram / Faz3
    Cycling in San Francisco in 2015. Instagram / Faz3
  • Taking a snap with a young Tanzanian back in March 2016. Instagram / Faz3
    Taking a snap with a young Tanzanian back in March 2016. Instagram / Faz3
  • Sheikh Hamdan is a huge fan of cycling, having been behind many cycling initiatives in Dubai, and he's definitely showing support for the activity here. Instagram / Faz3
    Sheikh Hamdan is a huge fan of cycling, having been behind many cycling initiatives in Dubai, and he's definitely showing support for the activity here. Instagram / Faz3
  • With the famous Uncle Saeed in Amsterdam in 2016. Instagram / Faz3
    With the famous Uncle Saeed in Amsterdam in 2016. Instagram / Faz3
  • Here he is spearfishing, one of his favourite pastimes. Instagram / Faz3
    Here he is spearfishing, one of his favourite pastimes. Instagram / Faz3
  • On the road in Algeria. Instagram / Faz3
    On the road in Algeria. Instagram / Faz3
  • A breathtaking photo of the Crown Prince in Yosemite National Park in the US. Instagram / Faz3
    A breathtaking photo of the Crown Prince in Yosemite National Park in the US. Instagram / Faz3
  • At the World Equestrian Games in North Carolina in 2020. Instagram / Faz3
    At the World Equestrian Games in North Carolina in 2020. Instagram / Faz3
  • In the clouds, with an amazing view on show in Canada in January 2016. Instagram / Faz3
    In the clouds, with an amazing view on show in Canada in January 2016. Instagram / Faz3
  • Against a cloudy landscape, also likely to be from his trip to Canada. Instagram / Faz3
    Against a cloudy landscape, also likely to be from his trip to Canada. Instagram / Faz3
  • On Umrah in Makkah, Saudi Arabia, in June 2018. Instagram / Faz3
    On Umrah in Makkah, Saudi Arabia, in June 2018. Instagram / Faz3
  • Here's a throwback Thursday to when he was at Royal Military Academy Sandhurst in the UK. Instagram / Faz3
    Here's a throwback Thursday to when he was at Royal Military Academy Sandhurst in the UK. Instagram / Faz3
  • Out for a walk in the Big Apple. Instagram / Faz3
    Out for a walk in the Big Apple. Instagram / Faz3
  • The Crown Prince looking out over New York. Instagram / Faz3
    The Crown Prince looking out over New York. Instagram / Faz3
  • At the airport in Algeria with his father and brother. Instagram / Faz3
    At the airport in Algeria with his father and brother. Instagram / Faz3
  • The Crown Prince hiking in Scotland during summer this year. Instagram / Faz3
    The Crown Prince hiking in Scotland during summer this year. Instagram / Faz3

SPECS

Mini John Cooper Works Clubman and Mini John Cooper Works Countryman

Engine: two-litre 4-cylinder turbo

Transmission: nine-speed automatic

Power: 306hp

Torque: 450Nm

Price: JCW Clubman, Dh220,500; JCW Countryman, Dh225,500

Golden Shoe top five (as of March 1):

Harry Kane, Tottenham, Premier League, 24 goals, 48 points
Edinson Cavani, PSG, Ligue 1, 24 goals, 48 points
Ciro Immobile, Lazio, Serie A, 23 goals, 46 points
Mohamed Salah, Liverpool, Premier League, 23 goals, 46 points
Lionel Messi, Barcelona, La Liga, 22 goals, 44 points

DRIVERS' CHAMPIONSHIP STANDINGS

1. Sebastian Vettel (Ferrari) 171 points
2. Lewis Hamilton (Mercedes-GP) 151
3. Valtteri Bottas (Mercedes-GP) 136
4. Daniel Ricciardo (Red Bull Racing) 107
5. Kimi Raikkonen (Ferrari) 83
6. Sergio Perez (Force India) 50
7. Max Verstappen (Red Bull Racing) 45
8. Esteban Ocon (Force India) 39
9. Carlos Sainz (Torro Rosso) 29
10. Felipe Massa (Williams) 22

Messi at the Copa America

2007 – lost 3-0 to Brazil in the final

2011 – lost to Uruguay on penalties in the quarter-finals

2015 – lost to Chile on penalties in the final

2016 – lost to Chile on penalties in the final

MATCH INFO

Liverpool 2 (Van Dijk 18', 24')

Brighton 1 (Dunk 79')

Red card: Alisson (Liverpool)

If you go

The flights
Emirates (www.emirates.com) and Etihad (www.etihad.com) both fly direct to Bengaluru, with return fares from Dh 1240. From Bengaluru airport, Coorg is a five-hour drive by car.

The hotels
The Tamara (www.thetamara.com) is located inside a working coffee plantation and offers individual villas with sprawling views of the hills (tariff from Dh1,300, including taxes and breakfast).

When to go
Coorg is an all-year destination, with the peak season for travel extending from the cooler months between October and March.

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
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. 

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

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
match info

Southampton 2 (Ings 32' & pen 89') Tottenham Hotspur 5 (Son 45', 47', 64', & 73', Kane 82')

Man of the match Son Heung-min (Tottenham)

Results

2.30pm: Dubai Creek Tower – Handicap (PA) Dh40,000 (Dirt) 1,200m; Winner: Marmara Xm, Gary Sanchez (jockey), Abdelkhir Adam (trainer)

3pm: Al Yasmeen – Maiden (PA) Dh40,000 (D) 1,700m; Winner: AS Hajez, Jesus Rosales, Khalifa Al Neyadi

3.30pm: Al Ferdous – Maiden (PA) Dh40,000 (D) 1,700m; Winner: Soukainah, Sebastien Martino, Jean-Claude Pecout

4pm: The Crown Prince Of Sharjah – Prestige (PA) Dh200,000 (D) 1,200m; Winner: AF Thayer, Ray Dawson, Ernst Oertel

4.30pm: Sheikh Ahmed bin Rashid Al Maktoum Cup – Handicap (TB) Dh200,000 (D) 2,000m; Winner: George Villiers, Antonio Fresu, Bhupat Seemar

5pm: Palma Spring – Handicap (PA) Dh40,000 (D) 2,000m; Winner: Es Abu Mousa, Antonio Fresu, Abubakar Daud

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
What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods

Long Shot

Director: Jonathan Levine

Starring: Charlize Theron, Seth Rogan

Four stars

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

UAE currency: the story behind the money in your pockets
Brief scores:

Day 2

England: 277 & 19-0

West Indies: 154

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

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The specs

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

The Florida Project

Director: Sean Baker

Starring: Bria Vinaite, Brooklynn Prince, Willem Dafoe

Four stars

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What is a black hole?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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Director: Paul Weitz
Stars: Kevin Hart
3/5 stars

The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

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A Bad Moms Christmas
Dir: John Lucas and Scott Moore
Starring: Mila Kunis, Kathryn Hahn, Kristen Bell, Susan Sarandon, Christine Baranski, Cheryl Hines
Two stars

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

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Our Time Has Come
Alyssa Ayres, Oxford University Press

Maestro
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Results

4pm: Al Bastakiya Listed US$300,000 (Dirt) 1,900m; Winner: Emblem Storm, Oisin Murphy (jockey), Satish Seemar (trainer).

4.35pm: Mahab Al Shimaal Group 3 $350,000 (D) 1,200m; Winner: Wafy, Tadhg O’Shea, Satish Seemar.

5.10pm: Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m; Winner: Wildman Jack, Fernando Jara, Doug O’Neill.

5.45pm: Burj Nahaar Group 3 $350,000 (D) 1,600m; Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.

6.20pm: Jebel Hatta Group 1 $400,000 (T) 1,800m; Winner: Barney Roy, William Buick, Charlie Appleby.

6.55pm: Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m; Winner: Matterhorn, Mickael Barzalona, Salem bin Ghadayer.

7.30pm: Dubai City Of Gold Group 2 $350,000 (T) 2,410m; Winner: Loxley, Mickael Barzalona, Charlie Appleby.

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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.”

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

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
List of alleged parties
  • May 15 2020: Boris Johnson is said to have attended a Downing Street pizza party
  • 27 Nov 2020: PM gives speech at leaving do for his staff
  • Dec 10 2020: Staff party held by then-education secretary Gavin Williamson 
  • Dec 13 2020: Mr Johnson and his then-fiancee Carrie Symonds throw a flat party
  • Dec 14 2020: Shaun Bailey holds staff party at Conservative Party headquarters 
  • Dec 15 2020: PM takes part in a staff quiz
  • Dec 18 2020: Downing Street Christmas party 

Top 5 concerns globally:

1. Unemployment

2. Spread of infectious diseases

3. Fiscal crises

4. Cyber attacks

5. Profound social instability

Top 5 concerns in the Mena region

1. Energy price shock

2. Fiscal crises

3. Spread of infectious diseases

4. Unmanageable inflation

5. Cyber attacks

Source: World Economic Foundation

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

A cheaper choice

Vanuatu: $130,000

Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.

Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.

Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.

Benefits:  No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.

New Zealand squad

Tim Southee (capt), Trent Boult (games 4 and 5), Colin de Grandhomme, Lockie Ferguson (games 1-3), Martin Guptill, Scott Kuggeleijn, Daryl Mitchell, Colin Munro, Jimmy Neesham, Mitchell Santner, Tim Seifert, Ish Sodhi, Ross Taylor, Blair Tickner

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

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Updated: November 22, 2021, 5:04 AM