Participants include ships and aircraft from the French ‘Charles de Gaulle’ carrier strike group. EPA
Participants include ships and aircraft from the French ‘Charles de Gaulle’ carrier strike group. EPA
Participants include ships and aircraft from the French ‘Charles de Gaulle’ carrier strike group. EPA
Participants include ships and aircraft from the French ‘Charles de Gaulle’ carrier strike group. EPA

US in joint military exercises with France, Belgium and Japan in Gulf of Oman


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Warships and aircraft from the US, France, Belgium and Japan are taking part in joint exercises in the Arabian Sea and Gulf of Oman.

This year’s war games, known as Group Arabian Sea Warfare Exercise, or Gaswex, aim to enhance mutual capabilities in maritime security, the US Navy said.

Participants include ships and aircraft from the French Charles de Gaulle carrier strike group, auxiliary ship FS Var, frigates FS Provence and FS Chevalier Paul, Belgian frigate HNLMS Leopold I and Japanese destroyer JS Ariake.

US forces include the Makin Island Amphibious Ready Group with 15th Marine Expeditionary Unit, guided-missile cruiser USS Port Royal and aircraft including F-35, P-8, MH-60, Air Force F-16s, E-3 and tankers.

“By co-operatively training together, exercises like this allow participating naval forces to effectively develop the necessary skills to address threats to regional security, freedom of navigation and the free flow of commerce,” the US Navy said.

It is one of many exercises in which the US military participates with partner nations in the US Central Command area of responsibility each year.

Iran abandoned all limits of its 2015 nuclear deal with world powers after former president Donald Trump unilaterally withdrew the US from the accord in 2018.

President Joe Biden has expressed a desire to return to the deal if Iran honours the accord’s limits on the Iranian nuclear programme. But tension remains high because militias in Iraq, probably backed by Tehran, continue to take aim at US interests.

Last month, Mr Biden launched an air strike on Syria in retaliation.

There was no immediate reaction from Iran to the naval drill.

The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km

Match info

Uefa Champions League Group C

Liverpool v Napoli, midnight

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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

Poacher
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7.05pm: Arabian Adventures Maiden (TB) Dh 82,500 (D) 1,200m
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Tips for entertaining with ease

·         Set the table the night before. It’s a small job but it will make you feel more organised once done.

·         As the host, your mood sets the tone. If people arrive to find you red-faced and harried, they’re not going to relax until you do. Take a deep breath and try to exude calm energy.

·         Guests tend to turn up thirsty. Fill a big jug with iced water and lemon or lime slices and encourage people to help themselves.

·         Have some background music on to help create a bit of ambience and fill any initial lulls in conversations.

·         The meal certainly doesn’t need to be ready the moment your guests step through the door, but if there’s a nibble or two that can be passed around it will ward off hunger pangs and buy you a bit more time in the kitchen.

·         You absolutely don’t have to make every element of the brunch from scratch. Take inspiration from our ideas for ready-made extras and by all means pick up a store-bought dessert.

 

The specs: 2018 Peugeot 5008

Price, base / as tested: Dh99,900 / Dh134,900

Engine: 1.6-litre turbocharged four-cylinder

Transmission: Six-speed automatic

Power: 165hp @ 6,000rpm

Torque: 240Nm @ 1,400rpm

Fuel economy, combined: 5.8L / 100km

HWJN
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