• Palestinians put out a fire following violence between Israeli security forces and demonstrators at Al Aqsa Mosque compound in Jerusalem's Old City. Reuters
    Palestinians put out a fire following violence between Israeli security forces and demonstrators at Al Aqsa Mosque compound in Jerusalem's Old City. Reuters
  • Palestinian members of the public help firefighters extinguish flames in woodland at Al Aqsa Mosque compound, following violence between protesters and Israeli security forces. AFP
    Palestinian members of the public help firefighters extinguish flames in woodland at Al Aqsa Mosque compound, following violence between protesters and Israeli security forces. AFP
  • Israeli security forces inside Al Aqsa Mosque compound in Jerusalem's Old City, following clashes with Palestinian protesters. AFP
    Israeli security forces inside Al Aqsa Mosque compound in Jerusalem's Old City, following clashes with Palestinian protesters. AFP
  • Palestinian demonstrators in Jerusalem's Al Aqsa Mosque compound, with the Dome of the Rock shrine in the background. AFP
    Palestinian demonstrators in Jerusalem's Al Aqsa Mosque compound, with the Dome of the Rock shrine in the background. AFP
  • Palestinian protesters in Al Aqsa Mosque compound, in Jerusalem's Old City. Reuters
    Palestinian protesters in Al Aqsa Mosque compound, in Jerusalem's Old City. Reuters
  • Protesters in Al Aqsa Mosque compound. Reuters
    Protesters in Al Aqsa Mosque compound. Reuters
  • Israeli police in riot gear enter the Al Aqsa Mosque compound. Officers fired rubber bullets and stun grenades at Palestinian protesters. AP
    Israeli police in riot gear enter the Al Aqsa Mosque compound. Officers fired rubber bullets and stun grenades at Palestinian protesters. AP
  • Palestinians gather at the compound after violence broke out on Friday. AFP
    Palestinians gather at the compound after violence broke out on Friday. AFP
  • Israeli police inside Al Aqsa Mosque compound - also known as Haram Al Sharif - the third holiest site in Islam. AFP
    Israeli police inside Al Aqsa Mosque compound - also known as Haram Al Sharif - the third holiest site in Islam. AFP
  • The violence comes after the killing of several people in Israel and the occupied West Bank in recent weeks. AFP
    The violence comes after the killing of several people in Israel and the occupied West Bank in recent weeks. AFP
  • Palestinian youths hurl stones towards police at a gate to Al Aqsa Mosque compound. Reuters
    Palestinian youths hurl stones towards police at a gate to Al Aqsa Mosque compound. Reuters
  • Protesters stand beside the Dome of the Rock shrine in Al Aqsa Mosque compound. AFP
    Protesters stand beside the Dome of the Rock shrine in Al Aqsa Mosque compound. AFP
  • AL Aqsa Mosque compound is a flashpoint in the Israeli-Palestinian conflict, sparking fears of a resumption of last year’s 11-day Gaza War. Reuters
    AL Aqsa Mosque compound is a flashpoint in the Israeli-Palestinian conflict, sparking fears of a resumption of last year’s 11-day Gaza War. Reuters

Al Aqsa Mosque: dozens hurt as worshippers gather for Friday prayers


Rosie Scammell
  • English
  • Arabic

Dozens were wounded at Al Aqsa Mosque compound on Friday in confrontations with Israeli police, hours after a visit to Jerusalem by US officials aimed at defusing tension in the city.

The Palestinian Red Crescent Society said medics treated at least 31 people at the Old City site, where Muslims had gathered for prayers. Fourteen were taken to hospitals.

Israeli police accused demonstrators of throwing rocks and fireworks at the force but no injuries among officers were reported.

Violence in recent days at Al Aqsa Mosque compound has raised international fears of a wider conflict, after similar incidents a year ago preceded an 11-day war between Israel and Gaza militants.

A US delegation led by senior State Department official Yael Lempert embarked on a Middle East tour this week.

Meeting Israeli officials on Thursday, the US envoys stressed “the importance of upholding the historic status quo at East Jerusalem’s holy places and the unacceptable firing of rockets at Israel”.

Al Aqsa Mosque compound is the third holiest site in Islam and is also revered by Jews.

The US visit comes as religious holidays converge, with Muslims marking Ramadan, Jews celebrating Passover and Christians observing Easter at the Old City’s sacred sites.

Washington has banned its embassy employees and their families from visiting the Old City after dark because of the security situation.

Palestinian President Mahmoud Abbas on Thursday urged the US envoys to “stop Israel’s aggression”, Palestinian official Hussein Al Sheikh said.

Israel, which has occupied East Jerusalem since the 1967 Arab-Israeli war, said it was acting “only in order to prevent violence and to enable prayer to continue as normal”.

Scenes of Israeli riot police using rubber bullets and tear gas at Al Aqsa prompted Jordan, custodian of the site, to convene an emergency meeting of Arab states on Thursday.

The delegates condemned actions by Israeli security forces and called for only Muslims to be allowed to worship at the compound.

Visits by observant Jews, who are not allowed to pray at the site, have continued this week. Such tours are expected to end for the final 10 days of Ramadan, in keeping with previous years.

Events in Jerusalem prompted Israeli nationalists to hold a rally on Wednesday at the edge of the Old City, although they were prevented by police from marching en masse through Palestinian neighbourhoods.

Palestinian medics have treated more than 200 wounded people at Al Aqsa Mosque compound over the past week.

Separately, police said a number of passengers were hurt on Sunday when Israeli buses were stoned by Palestinians near the Old City.

The violence in Jerusalem has been followed this week by militants launching rockets from Gaza for the first time since January, sparking Israeli retaliatory strikes on the Palestinian enclave.

In the occupied West Bank, at least 14 Palestinians have been killed by Israeli forces this month.

The Israeli military launched a series of raids in the territory after the killing of 14 people in four attacks in Israel over recent weeks. The perpetrators were either Palestinians from the West Bank or Arab Israelis.

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

High profile Al Shabab attacks
  • 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
  • 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
  • 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
  • 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
  • 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
  • 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.

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.”

((Disclaimer))

The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The details

Heard It in a Past Life

Maggie Rogers

(Capital Records)

3/5

If you go

 

  • The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
  • The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
  • The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as  Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
The specs

Engine: 2.9-litre, V6 twin-turbo

Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

Torque: 520Nm

Price: Dh332,800

On sale: now

Coffee: black death or elixir of life?

It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?

Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.

The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.

The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.

Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver. 

The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.

But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.

Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.

It also raises blood pressure, which is largely problematic for people with existing conditions.

So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.

Rory Reynolds

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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

Updated: April 23, 2022, 4:48 AM