The coronavirus pandemic caused havoc on the cultural and sporting calendar this year. Here's how several prominent local, regional and international events plan to get back up and running in 2021
Abu Dhabi T10
The fourth season of the 10-over cricket tournament was scheduled to run in November. It might reasonably have gone ahead, were it not for significant rejigs to cricket's calendar elsewhere, including the IPL and the PSL. As such, the organisers took the decision to reschedule to January 28 to February 6, 2021.
Academy Awards
While the 2020 Academy Awards went ahead unscathed, the same isn't true for next year's ceremony. Postponed from its usual February date, the ceremony is now slated to take place on Sunday, April 25, and will be held as a traditional in-person telecast. The postponement has also pushed the deadline for filmmakers to submit their films to February 28.
Art Dubai
One of the UAE's top art events of the year, Art Dubai was caught in the first wave of cancelled events in 2020, with its 14th event slated for mid-March. This month, Art Dubai announced its programme for the 2021 event, which will be one of the first in-person fairs to be held since the pandemic began. Around 86 galleries are already on the list to display works, and fair organisers plan to scatter activities across Dubai's art spaces.
Cannes Film Festival
Organisers announced in March that the film festival would be postponed, before cancelling the 2020 festival all together. The next Cannes is scheduled to take place in May 2021. Organisers have said they intend the festival to run as planned, although there is a chance that it will be staged later in the summer.
Dubai Rugby Sevens
The Emirates Airline Dubai Rugby Sevens was cancelled for the first time in its 51-year history in 2020. It was announced in July that the first two legs of the World Sevens Series, in Dubai and Cape Town, would not go ahead. Plans for a local invitational tournament were also later scuppered. The event is expected to return at the end of 2021. “We look forward to welcoming the world of rugby sevens back to The Sevens Stadium in Dubai,” Tom Burwell, the tournament director, said.
Euro 2020
The 16th football European Championship, commonly known as Euro 2020, was originally scheduled to take place from June 12-July 12, 2020, across 12 cities on the continent. In June it was agreed to restage the tournament the following year, to be held from June 11-July 11, 2021, while still being called Euro 2020. Rome's Stadio Olimpico will host the opening match, while Wembley, England's national stadium, will stage both semi-finals and the final.
Expo 2020 Dubai
Perhaps the most anticipated event of this year across the Emirates was Expo 2020 Dubai. Four years in the making, Dubai was well on track to deliver a spectacular six-month international event. Once it became clear it would not be safe to host the event, the expo was postponed until October 2021. More than 190 countries are still due to take part with Dubai preparing to welcome millions of visitors.
Organisers said the postponement would only strengthen the event.
“I assure you that the UAE is absolutely ready to deliver a world-class event whatever the size of our physical and online audience," said Reem Al Hashimy, Minister of State for International Co-operation and director general of Expo 2020 Dubai Bureau. “After all see, how far we have come ... since Covid-19 became recognised as a global pandemic."
Expo 2020 Dubai will be held at the Dubai South site from October 1, 2021 to March 31, 2022.
Glastonbury
In early March 2020, festival organisers made the decision to pull the plug on its milestone 50th anniversary celebrations, which were due to take place between June 25 and 29 and feature a bumper bill of more than 1,000 acts. Glastonbury's cancellation was a bellwether for the decimated live music industry, which saw other key events such as Coachella and the Montreux Jazz Festival called off in April and June respectively. It is not yet clear whether the June 2021 festival will go ahead as planned.
International Defence Exhibition and Conference, Idex
From armoured vehicles to reconnaissance drones, the International Defence Exhibition and Conference (Idex) is where billions of dirhams worth of contracts for military technologies are signed. More than 1,300 exhibitors are due to take part in next year's event, which will be held partly online and with safety measures in place. It will be staged from February 21 to 25 at Abu Dhabi National Exhibition Centre.
Met Gala 2021
Every year, fashion history is made on the sweeping stairs of New York's Metropolitan Museum of Art. Organised by Anna Wintour, the annual Met Gala takes place on the first Monday of May, and sees the world’s most stylish celebrities converge for a fundraising event. Originally scheduled to take place on Monday, May 4, the Met Gala 2020 was postponed indefinitely on March 16, due to increasing public health concerns over the spread of Covid-19, and then cancelled in May. Met Gala 2021 is scheduled for May 3, but a theme has yet to be confirmed.
Ryder Cup
With the sporting calendar thrown into disarray, in April it was announced that golf's Ryder Cup would remain in its September 25-27 berth. From there, debate raged as to whether the 43rd edition of the biennial tournament, to take place at Whistling Straits in Wisconsin, should go ahead even without fans in attendance. Eventually, it was pushed back in June to September 24-26, 2021.
T20 World Cup
Men’s cricket will have three World Cups in the space of three years from 2021 to 2023. The decision was taken in July to postpone the 2020 T20 World Cup, which had been scheduled to be played in October and November in Australia. The 2021 version will go ahead in India, as was planned, with the 20-over event returning a year later to Australia. The following year, the 50-over World Cup will take place, also in India.
Tokyo Olympics
The 2020 Olympic Games in Tokyo were postponed for a year as the pandemic took grip, and are now scheduled to run from Friday, July 21, to Sunday, August 8. Discussions are ongoing about whether spectators will be allowed to attend.
Organisers will spend $900 million on measures to stop the spread of the virus, and John Coates, vice-president of the International Olympic Committee, is calling them the "Games that conquered Covid". The IOC maintained they will not delay the Games beyond 2021.
Venice Biennale
The schedules for the Venice Architecture Biennale and the revered art exhibition were postponed to 2021 and 2022 respectively due to the pandemic. Meant to open in May this year, the architecture exhibition was first rescheduled to August. As the Covid-19 situation in Italy and around the world worsened in the subsequent months, however, the organisation behind the shows decided to push both international events by a year. The 17th International Architecture Exhibition will now take place in May 2021, while the 59th International Art Exhibition is scheduled for April 2022.
Wimbledon
For the first time since the Second World War, the Wimbledon Championships were cancelled during a professional tennis season that was severely disrupted, with the sport going into shutdown between March and the end of August. Financially, though, Wimbledon did not suffer too significantly, having paid pandemic insurance for the past 17 years and reportedly received a payout of approximately $141 million. It was the only one of the four majors to take out such protection. The Championships will be back in 2021 in its usual end of June slot.
World Government Summit
This year's World Government Summit was set to take place in Dubai in November, during Expo. It was due to be the largest gathering yet with more than 10,000 high-profile officials and hundreds of experts and scholars expected to attend. When the Expo was postponed, the summit was moved online and held in December. The dates for next year's event have yet to be announced and organisers are still to decide if it will be held virtually or in-person. Typically held in the final few months of the year, and with vaccination programmes under way across several countries, it is likely the summit will have a physical presence next year.
___________
Year in review
80 stars we lost in 2020
Women of the year: female forces that shaped 2020
The National's international stories of 2020
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Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
Where can I submit a sample?
Volunteers can now submit DNA samples at a number of centres across Abu Dhabi. The programme is open to all ages.
Collection centres in Abu Dhabi include:
- Abu Dhabi National Exhibition Centre (ADNEC)
- Biogenix Labs in Masdar City
- Al Towayya in Al Ain
- NMC Royal Hospital in Khalifa City
- Bareen International Hospital
- NMC Specialty Hospital, Al Ain
- NMC Royal Medical Centre - Abu Dhabi
- NMC Royal Women’s Hospital.
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.”
Company profile
Name: Infinite8
Based: Dubai
Launch year: 2017
Number of employees: 90
Sector: Online gaming industry
Funding: $1.2m from a UAE angel investor
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Mercedes V250 Avantgarde specs
Engine: 2.0-litre in-line four-cylinder turbo
Gearbox: 7-speed automatic
Power: 211hp at 5,500rpm
Torque: 350Nm
Fuel economy, combined: 6.0 l/100 km
Price: Dh235,000
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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EVarious%0D%3Cbr%3E%3Cstrong%3E%0D%3Cbr%3EStars%3A%20%3C%2Fstrong%3EHenry%20Cavill%2C%20Freya%20Allan%2C%20Anya%20Chalotra%3Cstrong%3E%0D%3Cbr%3E%0D%3Cbr%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
MATCH INFO
Asian Champions League, last 16, first leg:
Al Ain 2 Al Duhail 4
Second leg:
Tuesday, Abdullah bin Khalifa Stadium, Doha. Kick off 7.30pm
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Results
5pm Maiden (PA) Dh80,000 1,400m
Winner No Riesgo Al Maury, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm Handicap (PA) Dh80,000 1,600m
Winner Marwa W’Rsan, Sam Hitchcott, Jaci Wickham.
6pm Handicap (PA) Dh80,000 1,600m
Winner Dahess D’Arabie, Al Moatasem Al Balushi, Helal Al Alawi.
6.30pm Handicap (PA) Dh80,000 2,200m
Winner Safin Al Reef, Connor Beasley, Abdallah Al Hammadi.
7pm Wathba Stallions Cup Handicap (PA) Dh70,000 2,200m
Winner Thulbaseera Al Jasra, Shakir Al Balushi, Ibrahim Al Hadhrami.
7.30pm Maiden (TB) Dh 80,000 2,200m
Winner Autumn Pride, Szczepan Mazur, Helal Al Alawi.
KILLING OF QASSEM SULEIMANI
The biog
Name: Sarah Al Senaani
Age: 35
Martial status: Married with three children - aged 8, 6 and 2
Education: Masters of arts in cultural communication and tourism
Favourite movie: Captain Corelli’s Mandolin
Favourite hobbies: Art and horseback ridding
Occupation: Communication specialist at a government agency and the owner of Atelier
Favourite cuisine: Definitely Emirati - harees is my favourite dish
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
A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
Bert van Marwijk factfile
Born: May 19 1952
Place of birth: Deventer, Netherlands
Playing position: Midfielder
Teams managed:
1998-2000 Fortuna Sittard
2000-2004 Feyenoord
2004-2006 Borussia Dortmund
2007-2008 Feyenoord
2008-2012 Netherlands
2013-2014 Hamburg
2015-2017 Saudi Arabia
2018 Australia
Major honours (manager):
2001/02 Uefa Cup, Feyenoord
2007/08 KNVB Cup, Feyenoord
World Cup runner-up, Netherlands
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%3Cp%3E%3Cstrong%3EDecember%202014%3A%3C%2Fstrong%3E%20%20Former%20UK%20chancellor%20of%20the%20Exchequer%20George%20Osborne%20reforms%20stamp%20duty%20land%20tax%20(SDLT)%2C%20replacing%20the%20slab%20system%20with%20a%20blended%20rate%20scheme%2C%20with%20the%20top%20rate%20increasing%20to%2012%20per%20cent%20from%2010%20per%20cent%3A%3C%2Fp%3E%0A%3Cp%3EUp%20to%20%C2%A3125%2C000%20%E2%80%93%200%25%3B%20%C2%A3125%2C000%20to%20%C2%A3250%2C000%20%E2%80%93%202%25%3B%20%C2%A3250%2C000%20to%20%C2%A3925%2C000%20%E2%80%93%205%25%3B%20%C2%A3925%2C000%20to%20%C2%A31.5m%3A%2010%25%3B%20More%20than%20%C2%A31.5m%20%E2%80%93%2012%25%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EApril%202016%3A%3C%2Fstrong%3E%20New%203%25%20surcharge%20applied%20to%20any%20buy-to-let%20properties%20or%20additional%20homes%20purchased.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%202020%3A%3C%2Fstrong%3E%20Chancellor%20Rishi%20Sunak%20unveils%20SDLT%20holiday%2C%20with%20no%20tax%20to%20pay%20on%20the%20first%20%C2%A3500%2C000%2C%20with%20buyers%20saving%20up%20to%20%C2%A315%2C000.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMarch%202021%3A%3C%2Fstrong%3E%20Mr%20Sunak%20extends%20the%20SDLT%20holiday%20at%20his%20March%203%20budget%20until%20the%20end%20of%20June.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EApril%202021%3A%3C%2Fstrong%3E%202%25%20SDLT%20surcharge%20added%20to%20property%20transactions%20made%20by%20overseas%20buyers.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJune%202021%3A%3C%2Fstrong%3E%20SDLT%20holiday%20on%20transactions%20up%20to%20%C2%A3500%2C000%20expires%20on%20June%2030.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EJuly%202021%3A%3C%2Fstrong%3E%20Tax%20break%20on%20transactions%20between%20%C2%A3125%2C000%20to%20%C2%A3250%2C000%20starts%20on%20July%201%20and%20runs%20until%20September%2030.%3C%2Fp%3E%0A
The 12 breakaway clubs
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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First Person
Richard Flanagan
Chatto & Windus
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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More from Neighbourhood Watch:
Killing of Qassem Suleimani
At a glance
- 20,000 new jobs for Emiratis over three years
- Dh300 million set aside to train 18,000 jobseekers in new skills
- Managerial jobs in government restricted to Emiratis
- Emiratis to get priority for 160 types of job in private sector
- Portion of VAT revenues will fund more graduate programmes
- 8,000 Emirati graduates to do 6-12 month replacements in public or private sector on a Dh10,000 monthly wage - 40 per cent of which will be paid by government
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Day 1 fixtures (Saturday)
Men 1.45pm, Malaysia v Australia (Court 1); Singapore v India (Court 2); UAE v New Zealand (Court 3); South Africa v Sri Lanka (Court 4)
Women Noon, New Zealand v South Africa (Court 3); England v UAE (Court 4); 5.15pm, Australia v UAE (Court 3); England v New Zealand (Court 4)
Bharat
Director: Ali Abbas Zafar
Starring: Salman Khan, Katrina Kaif, Sunil Grover
Rating: 2.5 out of 5 stars
if you go
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