One of the many extraordinary things about the ancient Greeks is that their deepest thinkers – Aristotle, Plato, Sophocles and others – gave us words that almost 3000 years later help explain our modern world. After years working and living in the US, by September 11, 2001, I was back in London. When the 9/11 attacks took place I was walking in the late summer sunshine, preparing to go to my job presenting BBC news that evening.
My mobile phone buzzed. I was called in early to begin presenting rolling TV news programmes for Britain and around the world. Those few hours were so much of a shock that much of the broadcasts remain a blur in my mind, as we tried to make sense of the almost incomprehensible hijacking of four planes by men who murdered some 3000 innocent people, and killed themselves in the process.
After the TV make-up was wiped off my face, I drove home and stood in a hot shower, trying to make sense of this new world disorder. The US had been home to me for many years. Friends lived in New York, Arizona, Florida, Pennsylvania and Washington. I couldn’t sleep. In the middle of the night, three of those ancient Greek words started to form part of an explanation. We will get to the third word later, but the first two words were “hubris”, usually translated nowadays as “pride”, and second, “nemesis”, which can mean “punishment” for pride, or “revenge”. In Washington, hubris had been obvious throughout the 1990s.
The Cold War was over. America won. Years of sacrifice meant thankless wars in Korea, Vietnam and elsewhere, the face-off known as the Cuban missile crisis and the hugely expensive commitment of US troops in Europe. But by the 1990s, Americans watched in amazement as their long-time enemy, the Soviet Union, fell apart. President George H W Bush spoke of a “New World Order” and a “unipolar world,” where the US was the “only superpower”.
Mr Biden sees the US retreat from Afghanistan as a kind of cleansing
Some American intellectuals – unwisely – spoke of “the end of history”. Hubris? Definitely. But America triumphed almost everywhere in almost everything, from economic and military might to cultural and sporting success and turn-of-the-millennium innovations that changed our world – Apple, Google, Microsoft, PayPal, Facebook, Twitter, and all the rest. But after hubris, in ancient Greek tragedy, comes nemesis, punishment. Islamic fundamentalists living in caves in Afghanistan in pursuit of an ideology that violently rejected the dominant American culture, attacked America’s centres of political and economic power – Washington and New York. They did so with two weapons so primitive we have known them from the start of human history. Their weapons were knives and cunning.
When I have talked with security experts about the 9/11 attacks – box cutter knives and pepper spray used to hijack planes to turn them into weapons – those experts have often reflected on the fact that Osama bin Laden’s strategy depended on luck. The hijackers managed to take over four planes almost simultaneously, forcing three of them to attack high-value targets, symbols of America’s financial and military might, the Twin Towers and the Pentagon.
For years I had witnessed and reported on different kinds of terror, in Ireland, Latin America and home-grown American terror too, including the destruction of the Oklahoma federal building by the white supremacist Timothy McVeigh. When an Irish terrorist group, the IRA, came close to murdering British prime minister Margaret Thatcher, they issued a statement that sums up what security experts call “asymmetric warfare” between terrorist groups and governments. The IRA statement said: “Today we were unlucky, but remember we only have to be lucky once. You will have to be lucky always.” On 9/11 bin Laden’s hijackers proved that point. America’s luck ran out. A generation of Americans felt vulnerable to attack at home in a manner that no one had experienced since the Japanese attack on Pearl Harbour in 1941.
And, like Pearl Harbour, 9/11 changed the world. Commercial air travel ceased. When transatlantic flights started up again – under the intrusive security measures that we now take for granted – I flew to Washington to report on the aftermath of 9/11. The hubris of all those deep thinkers from the 1990s, the idea that liberal democracy was inevitably going to take over the world, was duly buried along with the innocent victims of the attacks. What lived was a ferocious desire to strike back. That, as we all know, led to the invasion of Afghanistan the assassination of bin Laden, and the invasion of Iraq. But what also emerged, in this newly vulnerable superpower, was a twisted kind of logic.
American politicians asserted, without any evidence, that Iraq’s leader, Saddam Hussein, was complicit in 9/11. That ludicrous assertion combined with claims that Iraq possessed weapons of mass destruction were used as justification for the US-led invasion. And that brings us to the third word from Greek tragedy, “catharsis.” It means a sense of cleansing, eliminating horrific events and hoping that something good will emerge from all the suffering we have experienced.
Well, we can hope. We certainly have suffered. Mr Biden, in robust statements justifying the US withdrawal from Afghanistan, made clear that he sees withdrawal as a kind of cleansing. As Biden put it: “This decision about Afghanistan is not just about Afghanistan. It’s about ending an era of major military operations to remake other countries.” Twenty years on from 9/11, with Donald Trump still complaining about a supposedly stolen election, with deep divisions in the US over poverty, race, abortion, coronavirus vaccinations and other social questions, plus wildfires and floods attributed to global warming, an American catharsis, a cleansing, may still seem necessary. But it is also elusive. Perhaps Mr Biden can provide it. He could rewrite Donald Trump’s old slogan, by noting that re-making his own country after 20 years of impossible conflicts must begin at home. To avoid hubris, Mr Biden must not only put America First, he has to Fix America First.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
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 BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.
Disability on screen
Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)
Rosewood and Transparent — heart issues
24: Legacy — PTSD;
Superstore and NCIS: New Orleans — wheelchair-bound
Taken and This Is Us — cancer
Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)
Grey’s Anatomy — prosthetic leg
Scorpion — obsessive compulsive disorder and anxiety
Switched at Birth — deafness
One Mississippi, Wentworth and Transparent — double mastectomy
Dragons — double amputee
Company%20profile
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Copa del Rey final
Sevilla v Barcelona, Saturday, 11.30pm (UAE), match on Bein Sports
Mrs%20Chatterjee%20Vs%20Norway
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Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
Our Time Has Come
Alyssa Ayres, Oxford University Press
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5