• An aerial view taken with a drone shows people on a beach in Guzelcamli district in Aydin, Turkey. EPA
    An aerial view taken with a drone shows people on a beach in Guzelcamli district in Aydin, Turkey. EPA
  • A volunteers sprays disinfectant on worshippers as they attend a mourning ritual commemorating the martyrdom of Prophet Mohammad's grandson Imam Hussein on the ninth day of the Islamic month of Muharram in Qatif city in the Eastern Province, some 400Km from the capital Riyadh, Saudi Arabia. AFP
    A volunteers sprays disinfectant on worshippers as they attend a mourning ritual commemorating the martyrdom of Prophet Mohammad's grandson Imam Hussein on the ninth day of the Islamic month of Muharram in Qatif city in the Eastern Province, some 400Km from the capital Riyadh, Saudi Arabia. AFP
  • Worshippers exit the historic al-Azhar mosque in Cairo, Egypt. AFP
    Worshippers exit the historic al-Azhar mosque in Cairo, Egypt. AFP
  • A man and a woman ride a scooter in the town of El-Hamma, in Tunisia's southwestern Gabes governorate, after a surge in the cases of infection there. AFP
    A man and a woman ride a scooter in the town of El-Hamma, in Tunisia's southwestern Gabes governorate, after a surge in the cases of infection there. AFP
  • Mohammed Awadallah, 33, a Palestinian fisherman and tailor makes protective face masks in Al Shatea refugee camp in Gaza City. EPA
    Mohammed Awadallah, 33, a Palestinian fisherman and tailor makes protective face masks in Al Shatea refugee camp in Gaza City. EPA
  • A nurse performs a swab test for covid-19 at a military hospital in the town of El-Hamma, in Tunisia's southwestern Gabes governorate. AFP
    A nurse performs a swab test for covid-19 at a military hospital in the town of El-Hamma, in Tunisia's southwestern Gabes governorate. AFP
  • Palestinians walk after crossing the concrete barriers between Gaza and northern Gaza Strip. The Gaza Strip is under a lockdown from 25 August after the discovery of the first cases of Covid-19. EPA
    Palestinians walk after crossing the concrete barriers between Gaza and northern Gaza Strip. The Gaza Strip is under a lockdown from 25 August after the discovery of the first cases of Covid-19. EPA
  • A child poses for a photo with mask made by Mohammed Awadallah, 33, a Palestinian fisherman and tailor in Al Shatea refugee camp in Gaza City. EPA
    A child poses for a photo with mask made by Mohammed Awadallah, 33, a Palestinian fisherman and tailor in Al Shatea refugee camp in Gaza City. EPA
  • A nurse checks a woman's temperature before a covid-19 test at a military hospital in the town of El-Hamma, in Tunisia's southwestern Gabes governorate. AFP
    A nurse checks a woman's temperature before a covid-19 test at a military hospital in the town of El-Hamma, in Tunisia's southwestern Gabes governorate. AFP
  • A Bahraini Muslim Shiite mourner gets his temperature checked before giving blood on the 9th of the Muslim month of Muharram as part of Ashura commemorations, in Alnoaim village, a suburb of the capital Manama. Authorities permitted the annual blood donation drive to mark Ashura under strict regulations as precautionary measures against Covid-19. AFP
    A Bahraini Muslim Shiite mourner gets his temperature checked before giving blood on the 9th of the Muslim month of Muharram as part of Ashura commemorations, in Alnoaim village, a suburb of the capital Manama. Authorities permitted the annual blood donation drive to mark Ashura under strict regulations as precautionary measures against Covid-19. AFP
  • A volunteer disinfects a chair as medics prepare to receive Muslim Shiite mourners to give blood on the 9th of the Muslim month of Muharram as part of Ashura commemorations, in Alnoaim village, a suburb of the Bahraini capital Manama. AFP
    A volunteer disinfects a chair as medics prepare to receive Muslim Shiite mourners to give blood on the 9th of the Muslim month of Muharram as part of Ashura commemorations, in Alnoaim village, a suburb of the Bahraini capital Manama. AFP
  • A volunteers takes the temperature of Saudi Shiite Muslim worshippers as they attend a mourning ritual commemorating the martyrdom of Prophet Mohammad's grandson Imam Hussein on the ninth day of the Islamic month of Muharram in Qatif city in the Eastern Province, some 400Km from the capital Riyadh. AFP
    A volunteers takes the temperature of Saudi Shiite Muslim worshippers as they attend a mourning ritual commemorating the martyrdom of Prophet Mohammad's grandson Imam Hussein on the ninth day of the Islamic month of Muharram in Qatif city in the Eastern Province, some 400Km from the capital Riyadh. AFP
  • A worker disinfects a school as a preventive measure against the spread of the new coronavirus before students taking a final-term school exam at a public school in Sanaa, Yemen. AP Photo
    A worker disinfects a school as a preventive measure against the spread of the new coronavirus before students taking a final-term school exam at a public school in Sanaa, Yemen. AP Photo

Global Covid-19 cases cross 25 million as India sets grim record


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Global coronavirus infections soared past 25 million on Sunday, as countries around the world further tightened restrictions to try to stop the rampaging pandemic.

About a million new cases were detected globally roughly every four days since mid-July. On Sunday, India set the record for the highest single-day increase in cases with 78,761.

The surge in India, home to 1.3 billion people, came as the government further eased lockdown restrictions at the weekend to help ease pressure on the economy.

Millions have lost their jobs since the start of the lockdown, with the poorest people hit particularly hard.

The Home Affairs Ministry said gatherings of up to 100 people would be allowed at cultural, entertainment, sports and political events from next month, with precautions such as wearing face masks and social distancing in place.

Metro train services would also resume "in a graded manner" in major cities.

The outbreak has badly hit megacities such as financial hub Mumbai and the capital New Delhi, but is now also surging in smaller cities and rural areas.

Schools remain closed but pupils can meet teachers on a voluntary basis on school premises if needed, according to the guidelines.

Even nations such as New Zealand and South Korea, which had previously brought their outbreaks largely under control, are now battling new clusters of infections.

Latin America, the worst-hit region, was still struggling with its first wave, with the Covid-19 death toll in Brazil crossing 120,000 on Saturday, second only to the US.

More than 847,000 people have died of Covid-19 globally and with no vaccine or effective treatment available yet, governments have been forced to resort to some form of social distancing and movement restrictions to stop the spread of the virus.

Masks will become mandatory from Monday on public transport and flights in New Zealand, which went more than 100 days without local transmission before the latest cluster was reported.

Tightened virus curbs kicked in on Sunday in South Korea, which is also battling new clusters, including in the greater Seoul region, home to half the country's population.

Despite the grim numbers, there has been steady opposition to lockdowns and social distancing measures in many parts of the world, often because of their economic cost.

But resistance has also come from the extreme right and left of the political spectrum, as well as conspiracy theorists and anti-vaccine campaigners.

Remaining fixtures
  • August 29 – UAE v Saudi Arabia, Hazza bin Zayed Stadium, Al Ain
  • September 5 – Iraq v UAE, Amman, Jordan (venue TBC)
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Rating: 2/5
 

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

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%3Cp%3E%3Cstrong%3EDirectors%3A%3C%2Fstrong%3E%20Amit%20Joshi%20and%20Aradhana%20Sah%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECast%3A%3C%2Fstrong%3E%20Shahid%20Kapoor%2C%20Kriti%20Sanon%2C%20Dharmendra%2C%20Dimple%20Kapadia%2C%20Rakesh%20Bedi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

FIXTURES

Monday, January 28
Iran v Japan, Hazza bin Zayed Stadium (6pm)

Tuesday, January 29
UAEv Qatar, Mohamed Bin Zayed Stadium (6pm)

Friday, February 1
Final, Zayed Sports City Stadium (6pm)

ANATOMY%20OF%20A%20FALL
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EJustine%20Triet%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ESandra%20Huller%2C%20Swann%20Arlaud%2C%20Milo%20Machado-Graner%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

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

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

RESULT

Huddersfield Town 1 Manchester City 2
Huddersfield: Otamendi (45' 1 og), van La Parra (red card 90' 6)
Man City: Agüero (47' pen), Sterling (84')

Man of the match: Christopher Schindler (Huddersfield Town)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
RESULTS

5pm: Maiden (PA) Dh80,000 1,200m
Winner: Ferdous, Szczepan Mazur (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Arabian Triple Crown Round-3 Group 3 (PA) Dh300,000 2,400m
Winner: Basmah, Fabrice Veron, Eric Lemartinel
6pm: UAE Arabian Derby Prestige (PA) Dh150,000 2,200m
Winner: Ihtesham, Szczepan Mazur, Ibrahim Al Hadhrami
6.30pm: Emirates Championship Group 1 (PA) Dh1,000,000 2,200m
Winner: Somoud, Patrick Cosgrave, Ahmed Al Mehairbi
7pm: Abu Dhabi Championship Group 3 (TB) Dh380,000 2,200m
Winner: GM Hopkins, Patrick Cosgrave, Jaber Ramadhan
7.30pm: Wathba Stallions Cup Conditions (PA) Dh70,000 1,600m
Winner: AF Al Bairaq, Tadhg O’Shea, Ernst Oertel

The Book of Collateral Damage

Sinan Antoon

(Yale University Press)