Firefighters initially found 27 people in a state of cardiac arrest, including three who were resuscitated at hospitals. AP
Firefighters initially found 27 people in a state of cardiac arrest, including three who were resuscitated at hospitals. AP
Firefighters initially found 27 people in a state of cardiac arrest, including three who were resuscitated at hospitals. AP
Firefighters initially found 27 people in a state of cardiac arrest, including three who were resuscitated at hospitals. AP

Police identify suspect in Japan arson attack that killed 24


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Japanese police on Sunday identified a 61-year-old patient as a prime suspect after a fire engulfed a psychiatric clinic in an eight-storey building, killing 24 people trapped inside.

Morio Tanimoto is in a serious condition after he was rescued from the fire, police said. He has not been formally arrested or charged.

Police verified security camera footage and searched Mr Tanimoto's home. They suspect he was responsible for setting fire to the clinic, where he was being treated, after they found his patient card, an official at the prefectural police investigation department told AP on condition of anonymity because he was not authorised to speak to the media.

Mr Tanimoto is believed to be among the three people who survived the blaze and were in a serious condition. Police have not made any arrests, and it may take time until the man recovers enough to be interrogated.

The government also announced plans to inspect tens of thousands of similar buildings nationwide. Authorities believe the huge death toll at the building in downtown Osaka on Friday was largely because the fire made its only emergency stairway unusable.

  • Twenty-four people died after a fire swept through a psychiatry clinic in the Japanese city of Osaka. EPA
    Twenty-four people died after a fire swept through a psychiatry clinic in the Japanese city of Osaka. EPA
  • Fire engines in front of the building where the fire broke out. Reuters
    Fire engines in front of the building where the fire broke out. Reuters
  • Firefighters work at the scene. AFP
    Firefighters work at the scene. AFP
  • Rescuers attend to victims. AP
    Rescuers attend to victims. AP
  • Police suspect arson as the cause of the fire. AP
    Police suspect arson as the cause of the fire. AP

According to witnesses interviewed by Japanese media, a man walked into the clinic, carrying a paper bag, which he put on the floor, right next to a heater by the reception desk, and kicked it. A liquid poured out, caught fire and the whole floor was engulfed in flames and smoke.

Witness accounts suggested that the victims gasped for air and struggled to find their way out of the clinic. There was only one way to escape because the lift and emergency stairs were both outside, the authorities said.

Police and fire officials on Saturday returned to the site in the middle of Osaka’s Kitashinchi business district.

Some experts were surprised by the death toll in a daytime fire that was largely put out within an hour. The authorities are investigating how smoke filled the floor so quickly and how the victims became trapped. There were no prior breaches of fire prevention codes at the building, officials said.

There was no emergency exit in the clinic. The office had several compartments for consultations and workshops along just one aisle, with the main counselling room being at the far end of the floor.

One of the visitors who witnessed the beginning of the fire at the reception desk was able to run out. It was not yet known exactly how many people were inside the clinic, the investigator said.

Kyodo News said Mr Tanimoto was a retired metal worker. His former employer at the factory where he worked from 2002 to 2010 described him as diligent and skilled. He left his job without saying what he was going to do next, he said. Mr Tanimoto trained at his father’s sheet metal factory in Osaka after finishing high school, but left after his brother took over the business, and kept changing jobs, Kyodo said.

Osaka residents in shock

Locals brought flowers, bottled water and canned drinks as offerings to the spirits of the departed outside the building.

Retiree Seki Kageyama, 77, who lives in the neighbourhood, returned to the site after finding out about the large number of dead from what he thought was a minor fire. A sign advertising the burnt-out clinic on the fourth floor still stood, reading: “Nishi Umeda clinic for the mind and body of workers.”

“I thought a small fire broke out,” said Mr Kageyama. “I was really stunned when I heard that someone set a fire and killed people there.”

More than 70 fire engines and ambulances took part in extinguishing the blaze on Friday morning. Firefighters initially found 27 people in a state of cardiac arrest, including three who were resuscitated at hospitals, according to the Osaka city fire department.

One woman was brought down by a ladder from a window on the sixth floor.

Some of the clinic's clients who spoke to Japanese media said the centre was popular and was always crowded, with up to 20 people waiting, especially on Fridays when special counselling and programmes were available for those preparing to return to work after sick leave.

The clinic’s psychiatrist, Kotaro Nishizawa, could not be reached after the fire.

In 2019 at the Kyoto Animation studio, an attacker stormed into the building and set it on fire, killing 36 people and injuring more than 30 others. The incident shocked Japan and drew an outpouring of grief from anime fans worldwide. In 2001, a blaze set deliberately in Tokyo’s Kabukicho entertainment district killed 44 — the country’s worst known case of arson in modern times.

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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

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.”

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Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
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Carla Bruni

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PREMIER LEAGUE FIXTURES

Tuesday (UAE kick-off times)

Leicester City v Brighton (9pm)

Tottenham Hotspur v West Ham United (11.15pm)

Wednesday

Manchester United v Sheffield United (9pm)

Newcastle United v Aston Villa (9pm)

Norwich City v Everton (9pm)

Wolves v Bournemouth (9pm)

Liverpool v Crystal Palace (11.15pm)

Thursday

Burnley v Watford (9pm)

Southampton v Arsenal (9pm)

Chelsea v Manchester City (11.15pm)

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

Nick's journey in numbers

Countries so far: 85

Flights: 149

Steps: 3.78 million

Calories: 220,000

Floors climbed: 2,000

Donations: GPB37,300

Prostate checks: 5

Blisters: 15

Bumps on the head: 2

Dog bites: 1

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Updated: December 19, 2021, 7:22 AM