Live updates: Follow the latest news on Cop28
In her first year of life, John Ruben's daughter has already experienced four severe tropical cyclones, extreme weather events that occurred only every few years when he was growing up in Vanuatu in the South Pacific Ocean.
The Pacific Islands region is in the eye of the storm of climate change, with leaders concerned it could be left behind in climate talks during Cop28.
A double menace of category-four cyclones, Judy and Kevin, ripped through Vanuatu in a 48-hour period on March 1, severely damaging infrastructure and affecting about 250,000 islanders.
There has been a real focus at this Cop, on phasing out of fossil fuels as the root cause of the problems - we need to address that
Tina Stege,
climate envoy for the Marshall Islands
The rarity of the two powerful cyclones occurring in such quick succession meant there was little time for islanders to come up for air between devastating storms.
Mr Ruben's home was severely damaged in the most recent storms and will cost at least $2,000 to repair.
Working as a meteorologist researching the changing climate, he supports his young family on about $1,000 a month.
“I've spent all of my life living on Vanuatu,” Mr Ruben said at the Cop28 meeting in Dubai.
“The climate conditions for the past 20 years were totally different to what we are observing now.
“Temperature and rainfall is totally different, and tropical cyclones are some of the events becoming more severe.
“The impacts are huge, and our recovery process is very difficult. We just don’t have time to recover when we face any extreme events when they are so close together.”
In the aftermath of the storms, Vanuatu received support from New Zealand and Australia, other Pacific nations and the World Bank. Global NGOs have also joined in more long-term recovery efforts.
“During the last tropical storm in March, I was in Fiji,” said Mr Ruben.
“We knew the storm was coming but I could not be there to help my family.
“I lost all communication for eight hours and didn't know if they were alive or dead.”
His family survived the storm, but they are nervously waiting for the next one while extensive home repairs are completed.
Frequent storms
The cyclones affected about 66 per cent of Vanuatu’s population, with wind, heavy rains, flooding and storm surges causing extensive damage.
A Post-Disaster Needs Assessment (PDNA) estimated repair and recovery costs at more than $773 million.
Rev James Bhagwan of Fiji, general secretary of the Pacific Conference of Churches, said rising sea levels and warming oceans have placed the region on high alert.
“This is the reality, an increase in the frequency and intensity of extreme weather patterns,” he said.
“As indigenous people, our communities are deeply, spiritually connected to land and sea.
“The impacts we face are not just economically, they are cultural, they're spiritual and psychological.
“While we need a national adaptation plan to be funded and relocation processes to be supported, we also need to deal with the condition of our people suffering as a result of climate change.
“But all of that funding is a moot point if we're not phasing out fossil fuel.”
In February, New Zealand took significant damage from Cyclone Gabrielle, with a national emergency declared for the third time in the country’s history.
Thousands were displaced as 140kph winds ripped off roofs, while felled trees and landslides destroyed homes, causing damage estimated at more than $13.5 billion.
The region mobilised support, with Australia, Fiji and Niue flying in aid.
It is not only the destructive impact of extreme weather disrupting Pacific Island communities. As sea temperatures change, coral reefs degrade and die, taking with them marine species that are critical to the balance of complex ocean ecosystems.
That in turn affects tourism and livelihoods while seawater encroaches on fresh water supplies, making some islands unsuitable for agriculture and forcing communities to disband and migrate.
Toeolesulusulu Cedric Schuster, Samoa’s Minister of Natural Resources, Environment and Lands, said loss and damage funding for nations most affected by climate change is urgently needed.
“The big issue for us is we want to be able to access it as quickly as we can,” said Mr Schuster, also chair of the Alliance of Small Island States.
“The impacts of climate change are happening now. Vanuatu had a cyclone two or three weeks ago which was the third [recently].
“It is great to have this agreement but we don’t want to wait another five years before we can access it.”
Rising seas
As a sign of a changing world, the Marshall Islands even had to close its airport due to waves lapping on to the runway.
The low-lying atoll nation is 2 metres above sea level, leaving many Marshallese at the mercy of climate change.
In the worst-case scenario, sea levels are predicted to rise by as much as 5.4 metres by 2300, unless carbon emissions are reduced significantly worldwide.
The Marshall Islands has launched a national adaptation plan to bring in counter measures.
Tina Stege, climate envoy for the Marshall Islands, said the region was already seeing “enormous impacts” from sea-level rise.
“Now with high tides, we regularly have overwash on to roads – that is affecting our well water aquifers,” said Ms Stege.
“Also, we have longer and more intensive droughts which then have cascading knock on affects with regards to health with more communicable diseases.
“We are seeing impacts in all sectors and all levels.
“There has been a real focus at this Cop, on phasing out of fossil fuels as the root cause of the problems – we need to address that.
“It has gone for too long as the elephant in the room.”
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
Manikarnika: The Queen of Jhansi
Director: Kangana Ranaut, Krish Jagarlamudi
Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
Rating: 2.5/5
More on Coronavirus in France
Our legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
As You Were
Liam Gallagher
(Warner Bros)
23-man shortlist for next six Hall of Fame inductees
Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.
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.”
MATCH INFO
CAF Champions League semi-finals first-leg fixtures
Tuesday:
Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)
Second legs:
October 23
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
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Countries recognising Palestine
France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra
Bullet%20Train
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Results:
Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.
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FIXTURES
UAE’s remaining fixtures in World Cup qualification R2
Oct 8: Malaysia (h)
Oct 13: Indonesia (a)
Nov 12: Thailand (h)
Nov 17: Vietnam (h)
The Light of the Moon
Director: Jessica M Thompson
Starring: Stephanie Beatriz, Michael Stahl-David
Three stars
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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
Cricket World Cup League 2
UAE results
Lost to Oman by eight runs
Beat Namibia by three wickets
Lost to Oman by 12 runs
Beat Namibia by 43 runs
UAE fixtures
Free admission. All fixtures broadcast live on icc.tv
Tuesday March 15, v PNG at Sharjah Cricket Stadium
Friday March 18, v Nepal at Dubai International Stadium
Saturday March 19, v PNG at Dubai International Stadium
Monday March 21, v Nepal at Dubai International Stadium