• Bollywood star Shah Rukh Khan owns the lucrative Knight Riders franchise, which has now entered the US market. Twitter / Visit Dubai India
    Bollywood star Shah Rukh Khan owns the lucrative Knight Riders franchise, which has now entered the US market. Twitter / Visit Dubai India
  • Shah Rukh Khan, co-owner of the Kolkata Knight Riders, during the Caribbean Premier League match between his team Trinbago Knight Riders and St Kitts Nevis Patriots in Port of Spain in 2019. The Knight Riders have invested in Major League Cricket in the United States. Getty
    Shah Rukh Khan, co-owner of the Kolkata Knight Riders, during the Caribbean Premier League match between his team Trinbago Knight Riders and St Kitts Nevis Patriots in Port of Spain in 2019. The Knight Riders have invested in Major League Cricket in the United States. Getty
  • Pat Cummins of Kolkata Knight Riders celebrates the wicket of Steve Smith of Rajasthan Royals during the IPL 2020 match in Dubai. Sportzpics for BCCI
    Pat Cummins of Kolkata Knight Riders celebrates the wicket of Steve Smith of Rajasthan Royals during the IPL 2020 match in Dubai. Sportzpics for BCCI
  • Kolkata Knight Riders captain Eoin Morgan scored 68 against Rajasthan Royals in Dubai. Sportzpics for BCCI
    Kolkata Knight Riders captain Eoin Morgan scored 68 against Rajasthan Royals in Dubai. Sportzpics for BCCI
  • Varun Chakaravarthy was one of the star performers for Kolkata Knight Riders in IPL 2020. Sportzpics for BCCI
    Varun Chakaravarthy was one of the star performers for Kolkata Knight Riders in IPL 2020. Sportzpics for BCCI
  • Lockie Ferguson of Kolkata Knight Riders had a stellar match against Sunrisers Hyderabad in Abu Dhabi. Sportzpics for BCCI
    Lockie Ferguson of Kolkata Knight Riders had a stellar match against Sunrisers Hyderabad in Abu Dhabi. Sportzpics for BCCI
  • Nitish Rana Kolkata Knight Riders during the match against Delhi Capitals in Abu Dhabi. Sportzpics for BCCI
    Nitish Rana Kolkata Knight Riders during the match against Delhi Capitals in Abu Dhabi. Sportzpics for BCCI
  • Dinesh Karthik handed over the captaincy of Kolkata Knight Riders to Eoin Morgan. Sportzpics for BCCI
    Dinesh Karthik handed over the captaincy of Kolkata Knight Riders to Eoin Morgan. Sportzpics for BCCI
  • Andre Russell struggled to fire for Kolkata Knight Riders in IPL 2020. Sportzpics for BCCI
    Andre Russell struggled to fire for Kolkata Knight Riders in IPL 2020. Sportzpics for BCCI
  • Kamlesh Nagarkoti of Kolkata Knight Riders bowls against Sunrisers Hyderabad in Abu Dhabi. Sportzpics for BCCI
    Kamlesh Nagarkoti of Kolkata Knight Riders bowls against Sunrisers Hyderabad in Abu Dhabi. Sportzpics for BCCI

Knight Riders to build cricket stadium in Los Angeles


  • English
  • Arabic

T20 franchise owners Knight Riders Group and Major League Cricket (MLC) have announced plans to build a world-class cricket venue in Great Park, Los Angeles.

The Knight Riders Group (KRG) are the owners of the Kolkata Knight Riders in the Indian Premier League and Trinbago Knight Riders in the Caribbean Premier League (CPL). They are also the founding investors in MLC.

The stadium is set to include state-of-the-art training facilities, luxury suites, and an international-grade pitch to meet International Cricket Council (ICC) accreditation.

The 2024 men’s T20 World Cup is set to be co-hosted by the United States and the West Indies. Once cricket takes hold in the country, the venue could become the centre of the sport in the region.

Knight Riders owner and Bollywood superstar Shah Rukh Khan said, “Our investment in MLC in America, is based on our belief in the exciting future of cricket in the USA and is well aligned to our strategy of establishing Knight Riders as a global brand in T20 cricket. Plans to build a world-class cricket stadium in the greater Los Angeles area is exciting for us and MLC. This will no doubt have a transformational impact on one of the world’s most iconic metropolitan areas.”

“MLC is committed to building outstanding infrastructure for cricket in key markets accessible to legions of cricket-loving fans. We’re grateful to the City of Irvine for agreeing to explore this development in the heart of Orange County,” said Sameer Mehta and Vijay Srinivasan, co-founders, Major League Cricket.

“Great Park’s position as a hub for community recreation and its array of first-class sports facilities makes it an ideal location for the potential addition of a venue serving the local cricket-loving community and the broader Greater Los Angeles region with major international cricket events set to take place there.”

Major League Cricket is USA's officially sanctioned T20 franchise league and anticipated to launch in 2023.

According to the tournament website "MLC will feature top players from around the globe and provide a stage for domestic cricketers to showcase their talents to a global audience".

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

A cryptocurrency primer for beginners

Cryptocurrency Investing  for Dummies – by Kiana Danial 

There are several primers for investing in cryptocurrencies available online, including e-books written by people whose credentials fall apart on the second page of your preferred search engine. 

Ms Danial is a finance coach and former currency analyst who writes for Nasdaq. Her broad-strokes primer (2019) breaks down investing in cryptocurrency into baby steps, while explaining the terms and technologies involved.

Although cryptocurrencies are a fast evolving world, this  book offers a good insight into the game as well as providing some basic tips, strategies and warning signs.

Begin your cryptocurrency journey here. 

Available at Magrudy’s , Dh104 

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

THE SPECS

Engine: 3-litre V6

Transmission: eight-speed automatic

Power: 424hp

Torque: 580 Nm

Price: From Dh399,000

On sale: Now

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

UAE currency: the story behind the money in your pockets
Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Federer's 11 Wimbledon finals

2003 Beat Mark Philippoussis

2004 Beat Andy Roddick

2005 Beat Andy Roddick

2006 Beat Rafael Nadal

2007 Beat Rafael Nadal

2008 Lost to Rafael Nadal

2009 Beat Andy Roddick

2012 Beat Andy Murray

2014 Lost to Novak Djokovic

2015 Lost to Novak Djokovic

2017 Beat Marin Cilic

Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

Primera Liga fixtures (all times UAE: 4 GMT)

Friday
Real Sociedad v Villarreal (10.15pm)
Real Betis v Celta Vigo (midnight)
Saturday
Alaves v Barcelona (8.15pm)
Levante v Deportivo La Coruna (10.15pm)
Girona v Malaga (10.15pm)
Las Palmas v Atletico Madrid (12.15am)
Sunday
Espanyol v Leganes (8.15pm)
Eibar v Athletic Bilbao (8.15pm)
Getafe v Sevilla (10.15pm)
Real Madrid v Valencia (10.15pm)

FA CUP FINAL

Manchester City 6
(D Silva 26', Sterling 38', 81', 87', De Bruyne 61', Jesus 68')

Watford 0

Man of the match: Bernardo Silva (Manchester City)

Washmen Profile

Date Started: May 2015

Founders: Rami Shaar and Jad Halaoui

Based: Dubai, UAE

Sector: Laundry

Employees: 170

Funding: about $8m

Funders: Addventure, B&Y Partners, Clara Ventures, Cedar Mundi Partners, Henkel Ventures

Sanchez's club career

2005-2006: Cobreloa

2006-2011 Udinese

2006-2007 Colo-Colo (on loan)

2007-2008 River Plate (on loan)

2011-2014 Barcelona

2014–Present Arsenal

MATCH INFO

Manchester United v Everton
Where:
Old Trafford, Manchester
When: Sunday, kick-off 7pm (UAE)
How to watch: Live on BeIN Sports 11HD

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%202020%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Khaldoon%20Bushnaq%20and%20Tariq%20Seksek%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20Global%20Market%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20HealthTech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20100%3Cbr%3E%3Cstrong%3EFunding%20to%20date%3A%3C%2Fstrong%3E%20%2415%20million%3C%2Fp%3E%0A
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The biog:

From: Wimbledon, London, UK

Education: Medical doctor

Hobbies: Travelling, meeting new people and cultures 

Favourite animals: All of them 

Updated: May 01, 2022, 3:14 AM