• An oversized mask, reading 'Vegas Safely', covers the face of the half-size replica of Lady Liberty in Las Vegas, Nevada, US. AFP
    An oversized mask, reading 'Vegas Safely', covers the face of the half-size replica of Lady Liberty in Las Vegas, Nevada, US. AFP
  • German Chancellor Angela Merkel puts her mask on during a last roundtable discussion following a four-day European summit at the European Council in Brussels, Belgium. AFP
    German Chancellor Angela Merkel puts her mask on during a last roundtable discussion following a four-day European summit at the European Council in Brussels, Belgium. AFP
  • A health worker measures the temperature of a woman before allowing her to enter La Asuncion market in Villa Nueva, Guatemala. AP Photo
    A health worker measures the temperature of a woman before allowing her to enter La Asuncion market in Villa Nueva, Guatemala. AP Photo
  • A health worker takes a blood sample to perform a Covid-19 antibody test in Paris, France. EPA
    A health worker takes a blood sample to perform a Covid-19 antibody test in Paris, France. EPA
  • A man wears a face mask inside a tent at a free Covid-19 drive-through testing centre in Manila, Philippines. AP Photo
    A man wears a face mask inside a tent at a free Covid-19 drive-through testing centre in Manila, Philippines. AP Photo
  • A child infected with Covid-19 is comforted by a medical personnel at 'Victor Babes' infectious diseases hospital in Timisoara city in Romania. AFP
    A child infected with Covid-19 is comforted by a medical personnel at 'Victor Babes' infectious diseases hospital in Timisoara city in Romania. AFP
  • People perform yoga inside a care centre for Covid-19 patients at an indoor sports complex in New Delhi, India. Reuters
    People perform yoga inside a care centre for Covid-19 patients at an indoor sports complex in New Delhi, India. Reuters
  • Two dogs look out of a window as a healthcare worker walks towards a house while going door-to-door to test people for the coronavirus disease in the municipality of Tlahuac, one of the highly contagious zone of Mexico City, in Mexico. Reuters
    Two dogs look out of a window as a healthcare worker walks towards a house while going door-to-door to test people for the coronavirus disease in the municipality of Tlahuac, one of the highly contagious zone of Mexico City, in Mexico. Reuters
  • From right: Bob Geren #8, Manager Dave Roberts #30, Mark Prior #23 and Danny Lehmann watch the final out of the game in front of cutout fan faces, in 12-2 preseason win over the Arizona Diamondbacks at Dodger Stadium in Los Angeles, California, US. AFP
    From right: Bob Geren #8, Manager Dave Roberts #30, Mark Prior #23 and Danny Lehmann watch the final out of the game in front of cutout fan faces, in 12-2 preseason win over the Arizona Diamondbacks at Dodger Stadium in Los Angeles, California, US. AFP
  • Jean Neitzke looks at works of art while visiting the ground floor of the West Building at the National Gallery of Art, after it reopened to the public, in Washington DC, US. EPA
    Jean Neitzke looks at works of art while visiting the ground floor of the West Building at the National Gallery of Art, after it reopened to the public, in Washington DC, US. EPA
  • Customers queu at the Tekka Market in Singapore. EPA
    Customers queu at the Tekka Market in Singapore. EPA
  • Workers spray disinfectant as a precaution against coronavirus at a theater in Sejong Centre in Seoul, South Korea. AP Photo
    Workers spray disinfectant as a precaution against coronavirus at a theater in Sejong Centre in Seoul, South Korea. AP Photo
  • A bus driver rests between trips to transport health workers, after El Salvador's President Nayib Bukele postponed the second phase of reopening as the coronavirus disease outbreak continues, in San Salvador, El Salvador. Reuters
    A bus driver rests between trips to transport health workers, after El Salvador's President Nayib Bukele postponed the second phase of reopening as the coronavirus disease outbreak continues, in San Salvador, El Salvador. Reuters
  • People walk across a plaza at a shopping and office complex in Beijing, China. AP Photo
    People walk across a plaza at a shopping and office complex in Beijing, China. AP Photo
  • Motorists ride past giant electronic billboards promoting the fight against the Covid-19 in Jakarta, Indonesia. AFP
    Motorists ride past giant electronic billboards promoting the fight against the Covid-19 in Jakarta, Indonesia. AFP

WHO: don't wait on a vaccine to save lives


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  • Arabic

Don’t wait for a vaccine in order to save lives, the head of the World Health Organisation said as the number of confirmed Covid-19 cases rose by one million in the last week.

WHO Director-General Tedros Adhanom Ghebreyesus welcomed the positive early signs from a recent UK vaccine test but said that more can be done now with the tools already available.

"We do not have to wait for a vaccine. We have to save lives now,” he said. The WHO boss urged nations to take all necessary health precautions, with special emphasis on contact tracing.

Global infections stand at more than 14.5 million, with more than 600,000 deaths.

Mike Ryan, head of the WHO's emergencies programme, welcomed news that AstraZeneca's experimental vaccine developed with Britain's Oxford University was safe and produced an immune response in early-stage clinical trials in healthy volunteers.

"We congratulate our colleagues for the progress they have made," Mr Ryan said. "This is a positive result, but there is a long way to go ... We now need to move to large-scale trials."

Mr Ryan told a media briefing in Geneva there were 23 potential vaccines in development with three making data available for examination by other scientists in peer reviews.

US drugmaker Pfizer and German biotech firm BioNTech also provided additional promising data, Mr Ryan said.

But again, Mr Tedros and Mr Ryan warned that politicians need to commit to a fair distribution of Covid-19 vaccines as they see a worrying pattern of some countries moving in the other direction to corner markets and protect domestic supplies of vital drugs.

Mr Ryan warned that even when a vaccine becomes available, there will be supply issues.

“There is not a mechanism, at it presently stands, that is going to be able to supply a vaccine for everybody on the planet,” he said. “We are going to have to prioritise who gets what vaccine at the beginning, depending on which vaccine becomes available. And we’re going to have to have some policy and priorities around the best use of those vaccines.”

Mr Tedros also warned about the impact of the virus on indigenous communities in the hard-hit Americas as well as the rapid rises seen across Africa. The US and Brazil lead the world for confirmed cases.

He said that as of July 6, there were more than 70,000 cases reported among indigenous peoples in the Americas, with more than 2,000 deaths.

"Indigenous peoples often have a high burden of poverty, unemployment, malnutrition and both communicable and non-communicable diseases, making them more vulnerable," Mr Tedros said, adding that those in current epicentre the Americas were of particular concern.

He said South Africa's growing epidemic should be an alert to the rest of the continent to strengthen disease surveillance. South Africa reported a surge of 13,373 new cases on Saturday, the fourth largest globally.

Botswana, Kenya, Namibia, Zambia and Zimbabwe also reported significant increases in cases over the past week, Mr Ryan told a news conference.

"Even though the numbers in those other countries are smaller I think what we starting to see is a continued acceleration of transmission in a number of countries in sub-Saharan Africa," he said. "South Africa may, unfortunately, be a precursor, it may be a warning for what will happen in the rest of Africa. So, I think this isn't just a wake-up call for South Africa ... we need to take what is happening in Africa very, very seriously.

The rate of the infection spread is still speeding up around the world, having taken months to reach one million and weeks to double again, it is now increasing by around a million every few days.

This is partly due to increases in testing capacity in many countries that were initially slow to begin mass screening, but the WHO says that it is also due to spreading clusters of the disease.

Without applying basic outbreak-control methods, “there is only one way this pandemic is going to go,” Mr Tedros previously cautioned.

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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

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

New schools in Dubai
APPLE IPAD MINI (A17 PRO)

Display: 21cm Liquid Retina Display, 2266 x 1488, 326ppi, 500 nits

Chip: Apple A17 Pro, 6-core CPU, 5-core GPU, 16-core Neural Engine

Storage: 128/256/512GB

Main camera: 12MP wide, f/1.8, digital zoom up to 5x, Smart HDR 4

Front camera: 12MP ultra-wide, f/2.4, Smart HDR 4, full-HD @ 25/30/60fps

Biometrics: Touch ID, Face ID

Colours: Blue, purple, space grey, starlight

In the box: iPad mini, USB-C cable, 20W USB-C power adapter

Price: From Dh2,099

Founder: Ayman Badawi

Date started: Test product September 2016, paid launch January 2017

Based: Dubai, UAE

Sector: Software

Size: Seven employees

Funding: $170,000 in angel investment

Funders: friends

Emergency phone numbers in the UAE

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

THE SPECS

Engine: 1.5-litre turbocharged four-cylinder

Transmission: Constant Variable (CVT)

Power: 141bhp 

Torque: 250Nm 

Price: Dh64,500

On sale: Now

Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties