The UAE and French leaders met on the sidelines of Dubai's Expo. EPA
The UAE and French leaders met on the sidelines of Dubai's Expo. EPA
The UAE and French leaders met on the sidelines of Dubai's Expo. EPA
The UAE and French leaders met on the sidelines of Dubai's Expo. EPA


Macron's Gulf tour goes beyond security interests


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December 05, 2021

"Part of our security is played out in the Middle East," French President Emmanuel Macron said on Friday, as he began a two-day visit to the Gulf. Mr Macron's tour of the region began with a meeting with Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in a trip that included a visit to Expo 2020 Dubai.

Over the course of Mr Macron's presidency, France has deepened its diplomatic ties with its Arab partners, reflecting not only a growing recognition of the positive role that Paris can play in the Arab world, but also the necessity to pay heed to regional voices in the process. As Mr Macron's words suggest, affairs in the Middle East and the West do not occur in isolation. A host of challenges – from an ongoing migration crisis to the proliferation of armed extremist groups – are shared by both regions, and require joint strategies and common resolve to address.

Some of these challenges, of course, are not new; they have festered for many years, and have sometimes been further complicated by external actors underestimating their importance. France has distinguished itself in this regard by keeping them front and centre in its foreign policy, even when it has been difficult to do so. It has played a leading role in unifying the regional security agenda, carrying out joint exercises with Greece and Egypt in the Mediterranean and the Red Sea. It has conducted similar exercises with the UAE in the Gulf, aimed at keeping important commercial maritime routes safe and strengthening the region's defences against terrorist groups like ISIS.

Affairs in the Middle East and the West do not occur in isolation

In line with these security partnerships, among the highlights of Mr Macron's visit to the UAE was a deal worth almost $19 billion, in which France would supply the UAE with 80 Rafale fighter jets and 12 Caracal H225 helicopters.

Other shared challenges go beyond the scope of defence partnerships. The list of potential areas of co-operation between France and the Arab world has grown to include economic recovery, environmental stewardship, technological innovation and food security.

In developing his country's ties with Gulf states, Mr Macron has put a special emphasis on these areas. Alongside the defence deals, Mr Macron's visit to the UAE also resulted in comprehensive economic agreements worth $17bn, including the creation of a $3.6bn "French-Emirati Fund Partnership" to develop French enterprise. Abu Dhabi-based sovereign wealth fund Mubadala is also planning to invest nearly $1.6bn in the French economy, including in sectors such as energy, semiconductors and space exploration. The UAE Ministry of Climate Change and Environment and the French Ministry of Agriculture and Food also signed an MoU to develop "sustainable and resilient food systems in both countries".

Mr Macron's visit to the Gulf, though brief, has put France's role in the Middle East back into the spotlight. It has reminded the world how important international partnerships are to achieving greater stability. As the world seeks to emerge from the Covid-19 pandemic and turn its attention to broader issues, such as climate change, its leaders must bear in mind that stability – whether in the Middle East or Europe – is a holistic endeavour, one that goes well beyond security co-operation.

Day 5, Dubai Test: At a glance

Moment of the day Given the problems Sri Lanka have had in recent times, it was apt the winning catch was taken by Dinesh Chandimal. He is one of seven different captains Sri Lanka have had in just the past two years. He leads in understated fashion, but by example. His century in the first innings of this series set the shock win in motion.

Stat of the day This was the ninth Test Pakistan have lost in their past 11 matches, a run that started when they lost the final match of their three-Test series against West Indies in Sharjah last year. They have not drawn a match in almost two years and 19 matches, since they were held by England at the Zayed Cricket Stadium in Abu Dhabi in 2015.

The verdict Mickey Arthur basically acknowledged he had erred by basing Pakistan’s gameplan around three seam bowlers and asking for pitches with plenty of grass in Abu Dhabi and Sharjah. Why would Pakistan want to change the method that has treated them so well on these grounds in the past 10 years? It is unlikely Misbah-ul-Haq would have made the same mistake.

Funk Wav Bounces Vol.1
Calvin Harris
Columbia

BUNDESLIGA FIXTURES

(All games 4-3pm kick UAE time) Bayern Munich v Augsburg, Borussia Dortmund v Bayer Leverkusen, Hoffenheim v Hertha Berlin, Wolfsburg v Mainz , Eintracht Frankfurt v Freiburg, Union Berlin v RB Leipzig, Cologne v Schalke , Werder Bremen v Borussia Monchengladbach, Stuttgart v Arminia Bielefeld

ARABIAN GULF LEAGUE FIXTURES

Thursday, September 21
Al Dahfra v Sharjah (kick-off 5.35pm)
Al Wasl v Emirates (8.30pm)

Friday, September 22
Dibba v Al Jazira (5.25pm)
Al Nasr v Al Wahda (8.30pm)

Saturday, September 23
Hatta v Al Ain (5.25pm)
Ajman v Shabab Al Ahli (8.30pm)

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

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%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%C2%A0Reinaldo%20Marcus%20Green%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EKingsley%20Ben-Adir%2C%20Lashana%20Lynch%2C%20James%20Norton%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%C2%A02%2F5%3C%2Fp%3E%0A
Tailors and retailers miss out on back-to-school rush

Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”

A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.

“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”

The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

Donating your hair

    •    Your hair should be least 30 cms long, as some of the hair is lost during manufacturing of the wigs.
    •    Clean, dry hair in good condition (no split ends) from any gender, and of any natural colour, is required.
    •    Straight, wavy, curly, permed or chemically straightened is permitted.
    •    Dyed hair must be of a natural colour
 

 

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

Updated: December 05, 2021, 3:00 AM