People displaced in fightings between the Syrian Democratic Forces and Islamic State militants are pictured at a refugee camp in Ain Issa, Syria October 14, 2017.
People displaced in fightings between the Syrian Democratic Forces and Islamic State militants are pictured at a refugee camp in Ain Issa, Syria October 14, 2017.
People displaced in fightings between the Syrian Democratic Forces and Islamic State militants are pictured at a refugee camp in Ain Issa, Syria October 14, 2017.
People displaced in fightings between the Syrian Democratic Forces and Islamic State militants are pictured at a refugee camp in Ain Issa, Syria October 14, 2017.

Battle for Raqqa enters 'final phase'


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Ain Issa // US-backed forces launched the "final phase" of the battle to retake Raqqa after the city was evacuated except for a hard core of ISIL fighters and their families.

More than 3,000 civilians fled city on Saturday night under a deal that left just a few hundred foreign extremists and some of their relatives in the handful of positions they still occupy in the city, which was once ISIL’s main stronghold.

The deal opens the way for a final assault by the Syrian Democratic Forces, a Kurdish-Arab militia alliance that advanced into Raqqa in June and has since captured 90 per cent of the city.

Raqqa was the first big Syrian city captured by ISIL as it declared a "caliphate" and rampaged through Syria and Iraq in 2014.

The 3,000 civilians had evacuated to areas controlled by the SDF under a deal negotiated between officials from the Raqqa Civil Council and Syrian ISIL fighters, SDF spokesman Talal Sello said.

"Raqqa is now empty of civilians who had been taken as human shields," he said.

"Only 250 to 300 foreign terrorists who refused the deal and decided to stay and fight until the end remain in the city, and relatives of some members are with them," he said.

Some 275 Syrian ISIL fighters and family members had also left extremist-held parts of the city and were with SDF fighters.

"We are now in the final phase of the battle for Raqqa," Jihan Sheikh Ahmed, spokeswoman for the SDF's Raqqa campaign, said.

The fighting would "end the presence of the terrorist mercenaries inside the city".

"The battle... will continue until the entire city is cleared of terrorists who refuse to surrender, including foreign terrorists."

There had been speculation for days about a deal to allow the SDF to capture the last parts of the city while preventing further civilian casualties.

But there had been contradictory reports about whether the deal would allow foreign ISIL fighters to leave, something that has been strongly opposed by the US-led coalition supporting the SDF.

The Raqqa Civil Council denied on Sunday afternoon that foreign ISIL fighters had been allowed to leave the city, after one of its members said "a portion of the foreigners have left."

The Council said: "Those who have surrendered are only Syrians, and they number a total of 275 including their families."

The convoy would head to the remaining ISIL territory in eastern Syria, Omar Alloush of the Council said on Saturday.

The agreement was brokered by the council and tribal elders to "minimise civilian casualties”. Tribal leaders from Raqqa said they sought to prevent bloodshed among civilians still trapped in the city

The US-led coalition had on Saturday announced a convoy would leave the city, specifying that it would not include foreign ISIL fighters.

"We're very adamant about not allowing foreign fighters to leave the city," coalition spokesman Colonel Ryan Dillon said.

"Our stance was they either stay and fight or they surrender unconditionally."

"The last thing we want is foreign fighters to go free so they can return to their countries of origin and cause more terror and more havoc," he added.

"This is a local solution," he said. "While we may not fully agree with our partners sometimes, we have to respect their own solutions to their issues."

Fighters who left in the convoy, which the coalition is tracking, had given biometric data including fingerprints, Col Dillon said.

Such withdrawals of fighters along with groups of civilians have grown commonplace in Syria's six-year war, as a way for besieging forces to accelerate the fall of populated areas.

In August, the coalition spent weeks preventing a convoy of ISIL fighters from leaving an enclave on the Syrian-Lebanon border and reaching extremist territory in eastern Syria.

ISIL captured Raqqa in 2014, and under its rule the city become synonymous with the group's worst abuses, and was transformed into a planning centre for attacks abroad.

As the group became more entrenched in Syria and Iraq leading up to its capture of Mosul in June that year, Raqqa became its most important centre, and it celebrated its series of victories with a massive parade through the city.

Many of its top leaders were at times based there, and former hostages said Mohammed Emwazi, better known as Jihadi John, imprisoned them along with those he later executed, in a building near an oil installation near the city.

The group killed dozens of captured Syrian soldiers there in July 2014 and it was also the site of a slave market for Yazidi women captured in Iraq and given to fighters.

The coalition has said Raqqa was a hub for attacks abroad, and in November 2015, after militants killed more than 130 people in Paris, France launched air strikes on Islamic State targets inside Raqqa.

The loss of Raqqa would be the latest blow for ISIL, which has suffered a string of setbacks in recent months.

It was driven from its largest Iraqi stronghold Mosul in July and now holds only a sliver of territory in the country.

In Syria, its presence is largely confined to the eastern province of Deir Ezzor, where it is under attack by both the SDF and a Russia-backed Syrian government campaign.

On Saturday, Syria's army seized the former ISIL stronghold of Mayadeen in Deir Ezzor.

*With reporting from Reuters and Agence France-Presse

How does ToTok work?

The calling app is available to download on Google Play and Apple App Store

To successfully install ToTok, users are asked to enter their phone number and then create a nickname.

The app then gives users the option add their existing phone contacts, allowing them to immediately contact people also using the application by video or voice call or via message.

Users can also invite other contacts to download ToTok to allow them to make contact through the app.

 

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 biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

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.”

At a glance - Zayed Sustainability Prize 2020

Launched: 2008

Categories: Health, energy, water, food, global high schools

Prize: Dh2.2 million (Dh360,000 for global high schools category)

Winners’ announcement: Monday, January 13

 

Impact in numbers

335 million people positively impacted by projects

430,000 jobs created

10 million people given access to clean and affordable drinking water

50 million homes powered by renewable energy

6.5 billion litres of water saved

26 million school children given solar lighting

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Engine: 2.0-litre 4cyl turbo

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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

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

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Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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October 4: Round One of Rotax Max Challenge, Al Ain (karting)

October 1: 1 Round One of the inaugural UAE Desert Championship (rally)

November 1-3: Abu Dhabi Grand Prix (Formula One)

November 28-30: Dubai International Rally

January 9-11: 24Hrs of Dubai (Touring Cars / Endurance)

March 21: Round 11 of Rotax Max Challenge, Muscat, Oman (karting)

April 4-10: Abu Dhabi Desert Challenge (Endurance)

Bombshell

Director: Jay Roach

Stars: Nicole Kidman, Charlize Theron, Margot Robbie 

Four out of five stars 

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Results

6.30pm: Al Maktoum Challenge Round-2 Group 1 (PA) US$75,000 (Dirt) 1,900m

Winner: Ziyadd, Richard Mullen (jockey), Jean de Roualle (trainer).

7.05pm: Al Rashidiya Group 2 (TB) $250,000 (Turf) 1,800m

Winner: Barney Roy, William Buick, Charlie Appleby.

7.40pm: Meydan Cup Listed Handicap (TB) $175,000 (T) 2,810m

Winner: Secret Advisor, Tadhg O’Shea, Charlie Appleby.

8.15pm: Handicap (TB) $175,000 (D) 1,600m

Winner: Plata O Plomo, Carlos Lopez, Susanne Berneklint.

8.50pm: Handicap (TB) $135,000 (T) 1,600m

Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.

9.25pm: Al Shindagha Sprint Group 3 (TB) $200,000 (D) 1,200m

Winner: Gladiator King, Mickael Barzalona, Satish Seemar.

The%20Emperor%20and%20the%20Elephant
%3Cp%3E%3Cstrong%3EAuthor%3A%20%3C%2Fstrong%3ESam%20Ottewill-Soulsby%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EPrinceton%20University%20Press%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPages%3A%20%3C%2Fstrong%3E392%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAvailable%3A%20%3C%2Fstrong%3EJuly%2011%3C%2Fp%3E%0A
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Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

Company%20Profile
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The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE