Insight and opinion from The National’s editorial leadership
July 21, 2022
Travellers from the Middle East who touched down at London’s Heathrow Airport this week were in for a shock. Fleeing the summer heat to Europe’s tamer climes has become something of a tradition for many families in the region. But at 1pm GMT on Tuesday, Heathrow’s weather station reported an all-time temperature high of 40ºC, one degree higher than the mercury in Abu Dhabi.
In countries like the UAE, Saudi Arabia and Iraq, 40ºC is about average for the end of July. In the UK, it is almost double the norm for this time of year. Elsewhere in Europe, particularly in Spain and France, this heatwave has brought wildfires of a scale unseen in 30 years. Portuguese officials have reported more than 1,000 heat-related deaths in the past week.
Perhaps the only people who have not been taken by surprise – though they have been no less distraught – are the world’s climate scientists. They have warned for years that the world’s global average temperature is only rising, and that extreme heat events will soon become a feature – not a bug – of life on Earth.
What is done cannot be undone, at least not without great difficulty; scientists have by now persuaded most governments and much of the general public that humans have damaged the planet’s atmosphere sufficiently that a return to a pre-industrial climate is probably not in the cards. But a course correction that preserves and, indeed, improves today’s climate to a significant extent remains possible. The devastation seen in Europe this week ought to provide a jolt to the global conscience that accelerates much-needed change to bring down carbon emissions. A number of countries, like the UAE and France, are already leading efforts to ensure a smart energy transition.
Perhaps the only people who have not been taken by surprise – though they have been no less distraught – are the world’s climate scientists
Clean energy is now cheaper than ever. More importantly, thanks to huge investment in the sector and sophisticated production processes for solar panels and wind turbines, it is cheap even in non-relative terms. Greater attention is also being given to hydrogen and nuclear power.
A much more difficult task – though it shouldn’t be – is investing in a more peaceful, stable world. Even before this week’s heatwave, Europeans were bracing for tough times ahead. Russia, which is under European sanctions, is a primary supplier of much of the continent’s natural gas. This month, several EU countries, as well as the UK, warned their citizens that ample energy supplies for the winter are far from assured in the absence of any diplomatic resolution to the Ukraine war. Thanks to unprecedented demand this month for air conditioning and cooling systems, the strain will be even greater.
Agriculture, too, is expected to suffer. “We are expecting to see major impacts on agriculture,” said Petteri Taalas, head of the World Meteorological Organisation, on Tuesday. “During previous heatwaves in Europe, we lost big parts of harvest.”
The world is already in the midst of a food crisis – exacerbated, again, by the war in Ukraine and growing desertification. A poor harvest in Europe will have knock-on effects across the world. All of this makes innovations in agri-tech more important than ever.
Tackling climate change is a big-picture problem. It requires a long-term perspective, mental stamina and patience for immediate sacrifices to bear fruit many years from now. In the intervening time, however, it throws the smaller picture – the damage caused by war, poor governance and persistent, widespread poverty – into sharp relief. The world must find a way to become more neighbourly, and do it quickly, because the next heatwave is inevitable. We must hope it hits a more peaceful, co-operative planet, rather than today’s crisis-ridden one.
Ballon d’Or shortlists
Men
Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)
Women
Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)
Soft power was first mentioned in 1990 by former US Defence Secretary Joseph Nye. He believed that there were alternative ways of cultivating support from other countries, instead of achieving goals using military strength. Soft power is, at its root, the ability to convince other states to do what you want without force. This is traditionally achieved by proving that you share morals and values.
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
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.
Other must-tries
Tomato and walnut salad
A lesson in simple, seasonal eating. Wedges of tomato, chunks of cucumber, thinly sliced red onion, coriander or parsley leaves, and perhaps some fresh dill are drizzled with a crushed walnut and garlic dressing. Do consider yourself warned: if you eat this salad in Georgia during the summer months, the tomatoes will be so ripe and flavourful that every tomato you eat from that day forth will taste lacklustre in comparison.
Badrijani nigvzit
A delicious vegetarian snack or starter. It consists of thinly sliced, fried then cooled aubergine smothered with a thick and creamy walnut sauce and folded or rolled. Take note, even though it seems like you should be able to pick these morsels up with your hands, they’re not as durable as they look. A knife and fork is the way to go.
Pkhali
This healthy little dish (a nice antidote to the khachapuri) is usually made with steamed then chopped cabbage, spinach, beetroot or green beans, combined with walnuts, garlic and herbs to make a vegetable pâté or paste. The mix is then often formed into rounds, chilled in the fridge and topped with pomegranate seeds before being served.
Brief scores:
Toss: Rajputs, elected to field first
Sindhis 94-6 (10 ov)
Watson 42; Munaf 3-20
Rajputs 96-0 (4 ov)
Shahzad 74 not out
Infiniti QX80 specs
Engine: twin-turbocharged 3.5-liter V6
Power: 450hp
Torque: 700Nm
Price: From Dh450,000, Autograph model from Dh510,000
Available: Now
Arsenal's pre-season fixtures
Thursday Beat Sydney 2-0 in Sydney
Saturday v Western Sydney Wanderers in Sydney
Wednesday v Bayern Munich in Shanghai
July 22 v Chelsea in Beijing
July 29 v Benfica in London
July 30 v Sevilla in London
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Would I ever find you again
You, the heaven of my love, my yearning and madness;
You, the kiss to my soul, my cheer and
sadness?
Would your lights ever break the night of my eyes again?
Would I ever find you again?
This world is volume and you're the notion,
This world is night and you're the lifetime,
This world is eyes and you're the vision,
This world is sky and you're the moon time,
Have mercy on the heart that belongs to you.
Lyrics: Al Hadi Adam; Composer: Mohammed Abdel Wahab
The biog
Favourite food: Fish and seafood
Favourite hobby: Socialising with friends
Favourite quote: You only get out what you put in!
Favourite country to visit: Italy
Favourite film: Lock Stock and Two Smoking Barrels.
