Everyone loses if there is any further military escalation in the Middle East, France’s ambassador to the UAE has said.
Nicolas Niemtchinow said from the recent Israel-Iran war to Gaza, France was calling for peaceful solutions.
And his country was working with the UAE to do everything it could diplomatically to avoid any escalation of tensions in what was an increasingly “unpredictable” world.
“We want to promote a peaceful solution through negotiations,” he said, referring to the Israel-Iran war. We don't want more military escalation in this region because … that's a loss for everybody,” Mr Niemtchinow told The National.
In a wide-ranging interview to mark France’s national day that falls on July 14, Mr Niemtchinow reflected on the regional tensions of the past few months, how France worked for peace and how the UAE and his country had been co-operating in a major way on artificial intelligence.
On the Iranian-Israel conflict, the envoy said while Iran was not an “easy partner” but we are committing our “best efforts to preserve this ceasefire”, which is important because the “solution should be political”.
Mr Niemtchinow said events in the region and world this year were “very dangerous, very unpredictable”.
“But what I can tell you as the French ambassador here is that our bilateral co-operation was always extremely active, always extremely creative.”
Addressing conflicts
On Gaza, the envoy reiterated calls for a ceasefire, the release of hostages and “immediate and complete access for humanitarian aid … to alleviate the sufferings of the population”.
French president Emmanuel Macron has been vocal about the Palestinian cause and pushing for a two-state solution soon. France and Saudi Arabia are also co-chairing a conference expected later this month to discuss Palestinian statehood. It had been delayed because of the Israel-Iran conflict.
“Gaza is poisoning the political climate in this region,” said Mr Niemtchinow.
“We all lose when we have an open conflict and escalation. This is not good for the economy, for trade, for prosperity or for the people.”
Turning to the situation in Ukraine, Mr Niemtchinow said there was still a war going on in Europe. He called for a ceasefire, peace and a political situation “but not at any price”.
“The European position is so firm because what is at stake is our security,” he said.
“We should not forget that war is going on in Europe,” he said. “Security of Ukraine is the security of Europe.”
Despite the turmoil of the past few months, the envoy said it was not stressful and he and his team at the embassy were “mobilised for the challenges”.
Building ties
It has been a busy year for French-UAE relations. Ties between the two are warm and historic stretching back decades encompassing everything from culture to space to defence. About 33,000 French call the UAE home but the true figure is far higher as not everyone registers with the embassy. About 80 per cent of this figure resident in Dubai.
Bilateral trade is about €8.5 billion ($9.9 billion) a year and growing by 15 per cent annually, the embassy said. Louvre Abu Dhabi on Abu Dhabi’s Saadiyat Island and Sorbonne University Abu Dhabi on Reem Island are among the most visible expressions of this relationship but this year has also seen a major partnership in artificial intelligence with both sides in February signing a deal aiming to create a one gigawatt data centre dedicated to AI in France.
Mr Niemtchinow said it was far more than a data centre, as the initiative is dedicated to innovation, education and scaling up the use of artificial intelligence with investments in the tens of millions of dollars.
“Artificial intelligence is something very important,” he said. “And not just because it's fashionable,” he said.
“Artificial intelligence is power … It will change our life. But we should monitor the way we develop artificial intelligence to preserve our life and to preserve human intelligence.”
Mr Niemtchinow said many potential uses from space to tackling climate change. France, too has been at the forefront of climate issues and the UN's oceans conference in Nice this year sought to protect the world’s seas. He said it was crucial that global warming and biodiversity loss were not forgotten despite a year of global uncertainty.
“We are at this kind of crossroads now between all those challenges.”
Escaping politics of the past
The envoy also said the “politics of the past” − violence and war − was making a comeback in some areas. And this was something that needed to be tackled.
“Do you think that attacking Ukraine three and a half years ago and killing young people – that is something positive for our world? That’s … the policy of the past,” he said. “We should fight against that.”
He urged global co-operation on peace and stability, AI, trade, and climate change.
“This is what we have to do for the next generation,” he said.
The French community will gather for a special function in the capital on Monday to mark its national day and Mr Niemtchinow said it was a moment to pay tribute to that “unique partnership” it has built with the UAE that was crucial in an “unpredictable world”.
“Every day we have a new strategic surprise so the trust and the confidence of this bilateral relationship is something very important for both countries,” he said.
“Because we need that kind of stability and that kind of partnership aimed at preparing a future of peace.”
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UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
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%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
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UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP
Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan
Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri
What are NFTs?
Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.
You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”
However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.
This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”
This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.
Killing of Qassem Suleimani
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
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
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Game Changer
Director: Shankar
Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram
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