On mercy mission, soldiers traumatise Haiti all over again with cholera


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What lesson can one draw from the discovery last Friday that the cholera that has infected nearly 300,000 Haitians, killing just under 5,000 of them, was probably brought by Nepali troops at the United Nations' peacekeeping mission? This was just as many Haitians claimed, and now a panel of scientists nominated by the UN to settle the matter has found that "evidence overwhelmingly supports the conclusion" that Haiti's Meye River had been contaminated with South Asian cholera via untreated sewage from the UN camp. Earlier, the UN mission tried to claim that the disease might have come from the sea, but the pattern of infection seemed to rule that out. Now its genetic signature has been found to match that of an outbreak in Nepal in 2009.

Cholera is spread through faeces in drinking water, of course, and Haiti is heading into its wet season. The rate of infection is already starting to rise. The investigative panel has suggested that in future all UN installations should treat their own effluent and screen incoming personnel for the disease. For Haiti, this advice comes too late. Still, it's a little shocking that it had to come at all. Sanitation and disease-screening: one wonders what else that panel of experts should remind the UN about while they have its ear - that surgeons in field hospitals should get their scalpels cleaned between uses? Not to drink-drive? Don't fool around with live ammunition? All that is necessary for evil to triumph, Burke might have said, is for good men to blunder about.

Haiti suffers from almost every kind of misery going. It is violent, corrupt, desperately poor and vulnerable to natural disasters. And it is very likely to get worse: the incoming president Michel Martelly is talking about restoring the army, disbanded by Jean-Bertrand Aristide in 1995. As Beverley Bell, writing in Truthout last week, remarked: "Since Haiti already has a police force to maintain public order and the country is not expected to go to war, Martelly can have only one aim for reintroducing armed forces: to reclaim the tool that past presidents have used to shore up their power by means of violent repression of dissent and competition." Look forward to that.

Haiti so reliably plumbs new depths that each successive horror tends only to elicit the weariest sort of sympathy from the international community. Even now, the UN Cholera Appeal for Haiti has received less than half the funds it needs, and the overall Haiti Appeal received only 10 per cent of the requested funds. There appears to have been little serious progress towards clearing earthquake rubble from Port-au-Prince and even less towards rehousing the nation's 1.5 million homeless. And aid agencies are starting to pull out.

In a way, the neglect and the shadow of future malevolence are the most imaginatively compelling aspects of Haiti's plight. They are in some degree conscious decisions; people choose to ignore or to exploit its condition. And so we find ourselves wanting to argue with them. There's some value in that. Nevertheless, arguments are interminable and can quickly become ends in themselves. Haiti is undoubtedly beset by plenty of bad guys; the question is, is fighting them the best use of our collective energy?

The one area where zeal and good will definitely pay off is in doing the boring, obvious thing thoroughly and well. So yes, when the UN is sending its blue hats in to keep the peace in troubled areas, it should take basic steps not to start epidemics. When rumours surface regarding its own culpability, it should investigate them, instead of automatically denying responsibility and coming up with alternative theories about seaborne contaminants. And anyone who cares should petition the Haitian government to build clean, safe accommodation for its legions of homeless people. Haiti's constitution allows the government to expropriate private land, but for months it has been procrastinating while conditions in the camps worsen. It should get on with it.

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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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

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