• Protestors wave Palestinian flags while chanting anti-Israeli slogans during a protest against a march by Jewish ultranationalists through east Jerusalem, along the streets of Gaza City. AP Photo
    Protestors wave Palestinian flags while chanting anti-Israeli slogans during a protest against a march by Jewish ultranationalists through east Jerusalem, along the streets of Gaza City. AP Photo
  • A Palestinian lifts a national flag in front of a building destroyed by Israeli air strikes in Gaza City. AFP
    A Palestinian lifts a national flag in front of a building destroyed by Israeli air strikes in Gaza City. AFP
  • Palestinians lift national flags as they march past buildings destroyed by Israeli air strikes in Gaza City on June 15, 2021, during a protest over the Israeli ultranationalist March of the Flags in Jerusalem's Old City which celebrates the anniversary of Israel's 1967 occupation of Jerusalem's eastern sector. / AFP / MOHAMMED ABED
    Palestinians lift national flags as they march past buildings destroyed by Israeli air strikes in Gaza City on June 15, 2021, during a protest over the Israeli ultranationalist March of the Flags in Jerusalem's Old City which celebrates the anniversary of Israel's 1967 occupation of Jerusalem's eastern sector. / AFP / MOHAMMED ABED
  • Palestinian demonstrators wave national flags in front of a building destroyed by Israeli air strikes in Gaza City on June 15, 2021, during a protest over the Israeli ultranationalist March of the Flags in Jerusalem's Old City which celebrates the anniversary of Israel's 1967 occupation of Jerusalem's eastern sector. / AFP / MOHAMMED ABED
    Palestinian demonstrators wave national flags in front of a building destroyed by Israeli air strikes in Gaza City on June 15, 2021, during a protest over the Israeli ultranationalist March of the Flags in Jerusalem's Old City which celebrates the anniversary of Israel's 1967 occupation of Jerusalem's eastern sector. / AFP / MOHAMMED ABED
  • Israeli police removes a Palestinian woman from the area as youth from far-right Israeli groups participate in a flag-waving procession at Damascus Gate, just outside Jerusalem's Old City June 15, 2021. REUTERS/Ammar Awad
    Israeli police removes a Palestinian woman from the area as youth from far-right Israeli groups participate in a flag-waving procession at Damascus Gate, just outside Jerusalem's Old City June 15, 2021. REUTERS/Ammar Awad
  • Israeli police removes a Palestinian woman from the area as youth from far-right Israeli groups participate in a flag-waving procession at Damascus Gate, just outside Jerusalem's Old City June 15, 2021. REUTERS/Ammar Awad
    Israeli police removes a Palestinian woman from the area as youth from far-right Israeli groups participate in a flag-waving procession at Damascus Gate, just outside Jerusalem's Old City June 15, 2021. REUTERS/Ammar Awad
  • An Israeli security officer tries to take a Palestinian flag from a woman's hand. AFP
    An Israeli security officer tries to take a Palestinian flag from a woman's hand. AFP
  • A Palestinian woman confronts Israeli security forces outside the Damascus gate in occupied east Jerusalem, ahead of the March of the Flags. AFP
    A Palestinian woman confronts Israeli security forces outside the Damascus gate in occupied east Jerusalem, ahead of the March of the Flags. AFP
  • A Palestinian man confronts members of the Israeli security forces in the Old City of Jerusalem. AFP
    A Palestinian man confronts members of the Israeli security forces in the Old City of Jerusalem. AFP
  • Israel's new government faced an early test as Jewish ultranationalists prepared to march into annexed east Jerusalem, stoking tensions the UN has warned threaten a fragile Gaza ceasefire. AFP
    Israel's new government faced an early test as Jewish ultranationalists prepared to march into annexed east Jerusalem, stoking tensions the UN has warned threaten a fragile Gaza ceasefire. AFP
  • An Israeli police officer and a Palestinian man scuffle during clashes that erupted ahead of a planned march by Jewish ultranationalists through east Jerusalem, outside Jerusalem's Old City. AP
    An Israeli police officer and a Palestinian man scuffle during clashes that erupted ahead of a planned march by Jewish ultranationalists through east Jerusalem, outside Jerusalem's Old City. AP
  • The March of the Flags which celebrates the anniversary of Israel's 1967 occupation of the city's eastern sector. AFP
    The March of the Flags which celebrates the anniversary of Israel's 1967 occupation of the city's eastern sector. AFP
  • Israeli security forces detain a Palestinian youth during a protest against the March of the Flags, which celebrates the anniversary of Israel's 1967 occupation of the city's eastern sector. AFP
    Israeli security forces detain a Palestinian youth during a protest against the March of the Flags, which celebrates the anniversary of Israel's 1967 occupation of the city's eastern sector. AFP
  • Israeli security forces detain a Palestinian youth during a protest against the March of the Flags, which celebrates the anniversary of Israel's 1967 occupation of the city's eastern sector, at Damascus Gate. AFP
    Israeli security forces detain a Palestinian youth during a protest against the March of the Flags, which celebrates the anniversary of Israel's 1967 occupation of the city's eastern sector, at Damascus Gate. AFP
  • Israeli border police block a main road ahead of a planned march by Jewish ultranationalists through occupied east Jerusalem. AP
    Israeli border police block a main road ahead of a planned march by Jewish ultranationalists through occupied east Jerusalem. AP
  • Israeli security forces disperse Palestinians near the Damascus gate in east Jerusalem, ahead of the March of the Flags. AFP
    Israeli security forces disperse Palestinians near the Damascus gate in east Jerusalem, ahead of the March of the Flags. AFP

Israeli nationalist flag march in Jerusalem stokes tensions after Gaza ceasefire


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  • Arabic

Right-wing Israeli ultranationalists marched through occupied East Jerusalem on Tuesday evening, shouting: "May your villages burn."

About 2,000 police officers had been deployed and medics said 17 Palestinians were injured as officers cleared streets ahead of the planned flag march.

Police used rubber bullets and foul-smelling 'skunk' water against Palestinians gathering to protest against the parade.

Hamas in Gaza responded by launching incendiary balloons that started at least 10 fires in southern Israel.

The march, coming less than a month after an 11-day war in Gaza that killed more than 280 Palestinians and 12 people in Israel, was expected to further stoke tensions between Israelis and Palestinians.

But the feared escalation did not come to fruition in the early evening. The around 2,000 Israeli attendees fell short of the expected 5,000, and the march ended two and half hours after its start.

Israeli police prevented Palestinians from entering the area after forcing protesters from it earlier on Tuesday.

A small group of local shop owners and their families attempted a silent sit-in at Damascus Gate, but were told to leave by Israeli police.

One of the few remaining Palestinians, Abu Baker Shimi, 63, shouted in reference to the revered mosque: "Al Aqsa is for every Muslim."

Hundreds of nationalists gathered several hundred metres from Damascus Gate before the early evening march. Most appeared to be young, religious men, and many held Israeli flags.

“We are going to march,” said Matan Peleg, 40, a march organiser working with Im Tirtzu, Israel’s largest Zionist organisation.

"The first march was stopped on Jerusalem Day and now we won't go back," he told The National.

"Israel is a Jewish state and we are not going to surrender to terrorists and fanatics. If Israel changes its character, it will not survive – it will be just another country where women are raped and people are persecuted."

Police have closed streets in areas mainly populated by Palestinians along the route to the Damascus Gate and those skirting the Old City's ramparts.

Palestinian activists organised groups in Ramallah, Jerusalem and other places to come together to protest against the flag march. An hour before the event, police began pushing Palestinians away from the gates.

“We are here to prove to this government that it is possible to share Jerusalem if they would like to have real peace, a peace without occupation," said Aisha, a 75-year-old Jerusalem-born Palestinian. She declined to share her last name for fear of being arrested.

"They speak of a democracy, but where is the democracy when you have 2,000 soldiers here?”

The flag march was originally set to take place on May 10 as part of the commemoration of Jerusalem Day and police had diverted the route around Damascus Gate and the Muslim Quarter in the Old City due to the already tense situation in the area.

The march was eventually cancelled minutes after it started along the new route after Hamas began firing rockets into Jerusalem and sirens were heard all over the city.

On Tuesday afternoon, Hamas-linked Palestinians launched a number of incendiary balloons from Gaza, starting at least 10 blazes in southern Israel, according to Israel’s national fire department.

The specs

Engine: 2.0-litre four-cylinder turbo

Power: 268hp at 5,600rpm

Torque: 380Nm at 4,800rpm

Transmission: CVT auto

Fuel consumption: 9.5L/100km

On sale: now

Price: from Dh195,000 

Hidden killer

Sepsis arises when the body tries to fight an infection but damages its own tissue and organs in the process.

The World Health Organisation estimates it affects about 30 million people each year and that about six million die.

Of those about three million are newborns and 1.2 are young children.

Patients with septic shock must often have limbs amputated if clots in their limbs prevent blood flow, causing the limbs to die.

Campaigners say the condition is often diagnosed far too late by medical professionals and that many patients wait too long to seek treatment, confusing the symptoms with flu. 

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E640hp%20at%206%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E850Nm%20from%202%2C300-4%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E11.9L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh749%2C800%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
How to turn your property into a holiday home
  1. Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
  2. Research equivalent Airbnb homes in your location to ensure competitiveness.
  3. Post on all relevant platforms to reach the widest audience; whether you let personally or via an agency know your potential guest profile – aiming for the wrong demographic may leave your property empty.
  4. Factor in costs when working out if holiday letting is beneficial. The annual DCTM fee runs from Dh370 for a one-bedroom flat to Dh1,200. Tourism tax is Dh10-15 per bedroom, per night.
  5. Check your management company has a physical office, a valid DTCM licence and is licencing your property and paying tourism taxes. For transparency, regularly view your booking calendar.

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.”

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

Women & Power: A Manifesto

Mary Beard

Profile Books and London Review of Books 

SPECS
%3Cp%3E%0D%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20750hp%20at%207%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20800Nm%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%207%20Speed%20dual-clutch%20auto%0D%0D%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20332kph%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%2012.2L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EYear%20end%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C430%2C000%20(coupe)%3B%20From%20Dh1%2C566%2C000%20(Spider)%3C%2Fp%3E%0A

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

Result

Arsenal 4
Monreal (51'), Ramsey (82'), Lacazette 85', 89')

West Ham United 1
Arnautovic (64')

MATCH INFO

Uefa Champioons League semi-final:

First leg: Liverpool 5 Roma 2

Second leg: Wednesday, May 2, Stadio Olimpico, Rome

TV: BeIN Sports, 10.45pm (UAE)

Freezer tips

  • Always make sure food is completely cool before freezing.
  • If you’re cooking in large batches, divide into either family-sized or individual portions to freeze.
  • Ensure the food is well wrapped in foil or cling film. Even better, store in fully sealable, labelled containers or zip-lock freezer bags.
  • The easiest and safest way to defrost items such as the stews and sauces mentioned is to do so in the fridge for several hours or overnight.
The specs: 2018 Maxus T60

Price, base / as tested: Dh48,000

Engine: 2.4-litre four-cylinder

Power: 136hp @ 1,600rpm

Torque: 360Nm @ 1,600 rpm

Transmission: Five-speed manual

Fuel consumption, combined: 9.1L / 100km

Managing the separation process

  • Choose your nursery carefully in the first place
  • Relax – and hopefully your child will follow suit
  • Inform the staff in advance of your child’s likes and dislikes.
  • If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
  • The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
  • Be patient. Your child might love it one day and hate it the next
  • Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.