In a blackened, desolate orchard on the Greek island of Evia, Vaggelis Georgantzis walks to his last remaining pine tree.
“This is the last one I own,” he says, softly.
A plastic bag dangles from the bark collecting sticky resin, now crusty and dry from the heat of the fire that engulfed the surrounding trees. He says he’ll keep it as a memento.
Mr Georgantzis tears up. “We’re finished. I am finished. I’ll never be able to produce resin in my lifetime.”
Known as “retsini” locally, the resin is the lifeblood of this now devastated community. Used primarily as an ingredient in paint solvent and in wine production, the crop embodies the stark reality many on this island now face.
A single pine tree takes between 20 and 40 years to mature fully; only then can resin can be extracted. There are no shortcuts. It is hard to overstate the impact of this loss for the island.
Mr Georgantzis is head of the Resin Producers Association on Evia, representing 1,500 farmers. He says 800 of these farms were lost in the fire, representing close to three quarters of the island’s production. Beneath those farms is a complex and mature value chain, leading all the way to processing and export.
Resin exports are worth $15 million a year to the Greek economy, which accounts for 2.5 per cent of the global export market and 85 per cent of those exports come from Evia, Mr Georgantzis says.
But resin is not the only industry coming to terms with loss. So much value is given to Evia’s forest by locals, it is a source of pride and love, as well as an example of respect for natural resources. It seeps into almost every aspect of island life. Gaze over Evia’s charred hills and mountains you see devastated olive groves, fig trees and virgin forest.
Evia’s honey is renowned in Greece for its sweet pine aroma – it also accounts for 50 per cent of honey production. Bees in Evia had access to tens of thousands of hectares of pine trees. With more than 50,000 hectares ravaged by wildfires, that crop too has become greatly diminished.
Honey makers told CNN that 60 per cent of production has been destroyed. They will now have to move their bees to other parts of the country.
Locals say they have been living through hell during these fires. Firefighters speak of monster flames devouring everything in their path.
Not surprisingly, beach bars and cafeterias are devoid of tourists. Some owners have transformed their businesses into safe houses and supply bases, where volunteers still gather to co-ordinate firefighting and the monitoring of rekindles.
Food and other supplies, donated by unaffected locals and from other parts of Greece, have made their way to fire-affected areas and into the hands and mouths of emergency services.
One firefighter tells me he’s never seen this level of co-ordination by volunteers. “The food, water and help are something special and the people of Evia helped constantly. For the first time in the years I’ve been fighting wildfires, I’ve never had to worry about food or where to sleep in between shifts.”
Greece has as many as 6,000 islands, but only 150 are inhabited. People live in small villages, most of which rely on agriculture and tourism.
One business has a multiplier effect creating more demand; the value chains are intricate and fragile. A catastrophe of this scale, impacting multiple industries and requiring decades to recover, has knock-on effects wherever you look. Higher unemployment means less demand for everything from mechanics to hairdressers.
The Greek government has proposed a $600m relief package for Evia, but many young people already say they want to leave. “There’s nothing left, there’s no future,” one 30-year-old entrepreneur said. A mass exodus would be catastrophic to the island’s economy.
Mr Georgantzis says relief will need to be targeted and expertly distributed to ensure the best and quickest outcome to regrow the lost forest. He believes the only way to save his industry is to work with locals. “We know the forest and if we don’t take the right steps, we might end up waiting 100 years instead of 20.”
He doesn’t care why the help comes, as long as it arrives. He is sceptical that it will. Another island is still reeling from fires and floods, he says, after government promises of recovery aid failed to materialise.
“Even if politicians help us because they don’t want to lose political favour, that’s fine. As long as they don’t forget us,” he says. “We want signatures not promises.”
As men sit around the diner, or “kafenio|, in the village of Skepasti, some drinking their ouzo with their worry beads, or “komboloi”, in hand, they discuss what comes next. Many agree that the Mitsotakis administration has an opportunity here: to make Evia an example of how drawing on local experience and love for the land can be the winning formula for restoration and reforestation.
The men say they don’t want handouts so they can sit idle in the coffee shop; they want to be heard and included in their island’s future. Something they worry won’t happen.
“They can’t just parachute in experts,” one says. We know what to do and how to fix this. We are ready to rebuild, even if it takes a generation.”
Results
5pm: Warsan Lake – Maiden (PA) Dh80,000 (Turf) 2,200m; Winner: Dhaw Al Reef, Sam Hitchcott (jockey), Abdallah Al Hammadi (trainer)
5.30pm: Al Quadra Lake – Maiden (PA) Dh80,000 (T) 1,600m; Winner: Mrouwah Al Gharbia, Sando Paiva, Abubakar Daud
6pm: Hatta Lake – Handicap (PA) Dh80,000 (T) 1,600m; Winner: AF Yatroq, George Buckell, Ernst Oertel
6.30pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,600m; Winner: Ashton Tourettes, Adries de Vries, Ibrahim Aseel
7pm: Abu Dhabi Championship – Listed (PA) Dh180,000 (T) 1,600m; Winner: Bahar Muscat, Antonio Fresu, Ibrahim Al Hadhrami
7.30pm: Zakher Lake – Rated Conditions (TB) Dh80,000 (T) 1,400m; Winner: Alfareeq, Dane O’Neill, Musabah Al Muhairi.
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
WHEN TO GO:
September to November or March to May; this is when visitors are most likely to see what they’ve come for.
WHERE TO STAY:
Meghauli Serai, A Taj Safari - Chitwan National Park resort (tajhotels.com) is a one-hour drive from Bharatpur Airport with stays costing from Dh1,396 per night, including taxes and breakfast. Return airport transfers cost from Dh661.
HOW TO GET THERE:
Etihad Airways regularly flies from Abu Dhabi to Kathmandu from around Dh1,500 per person return, including taxes. Buddha Air (buddhaair.com) and Yeti Airlines (yetiairlines.com) fly from Kathmandu to Bharatpur several times a day from about Dh660 return and the flight takes just 20 minutes. Driving is possible but the roads are hilly which means it will take you five or six hours to travel 148 kilometres.
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%3Cp%3ECreator%3A%20Tima%20Shomali%3C%2Fp%3E%0A%3Cp%3EStarring%3A%C2%A0Tara%20Abboud%2C%C2%A0Kira%20Yaghnam%2C%20Tara%20Atalla%3C%2Fp%3E%0A%3Cp%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Gully Boy
Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi
Rating: 4/5 stars
The biog
Name: Abeer Al Bah
Born: 1972
Husband: Emirati lawyer Salem Bin Sahoo, since 1992
Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old
Education: BA in Elementary Education, worked for five years in a Dubai school
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
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Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
BUNDESLIGA FIXTURES
Friday (all kick-offs UAE time)
Hertha Berlin v Union Berlin (10.30pm)
Saturday
Freiburg v Werder Bremen (5.30pm)
Paderborn v Hoffenheim (5.30pm)
Wolfsburg v Borussia Dortmund (5.30pm)
Borussia Monchengladbach v Bayer Leverkusen (5.30pm)
Bayern Munich v Eintracht Frankfurt (5.30pm)
Sunday
Schalke v Augsburg (3.30pm)
Mainz v RB Leipzig (5.30pm)
Cologne v Fortuna Dusseldorf (8pm)
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EElmawkaa%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Hub71%2C%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ebrahem%20Anwar%2C%20Mahmoud%20Habib%20and%20Mohamed%20Thabet%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20PropTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%3C%2Fstrong%3E%20%24400%2C000%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3E500%20Startups%2C%20Flat6Labs%20and%20angel%20investors%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2012%3Cbr%3E%3C%2Fp%3E%0A
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
WWE Super ShowDown results
Seth Rollins beat Baron Corbin to retain his WWE Universal title
Finn Balor defeated Andrade to stay WWE Intercontinental Championship
Shane McMahon defeated Roman Reigns
Lars Sullivan won by disqualification against Lucha House Party
Randy Orton beats Triple H
Braun Strowman beats Bobby Lashley
Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship
Mansoor Al Shehail won the 50-man Battle Royal
The Undertaker beat Goldberg