There are significant realignments taking place across the globe. Old alliances appear to be experiencing stress or outright fractures, while new ones are being born. Media commentary on these developments, too, can sometimes take a microscopic view, focusing on individual conflicts or shifting alliances without historical context. Seen through this myopic lens, the shifts that are occurring are at times presented in overly dramatic terms.
However, if we take a step back and look through the long lens of history, we see that the past century has, if anything, been characterised by dizzying twists and turns of nations and power blocs that have developed from the end of the First World War to the present day.
In this light, the change we are witnessing is not so much the “Doomsday” end of some sacred “world order” (especially since this particular “world order” has only been in existence for a few decades). Rather, what we are seeing is just another reordering of nations based on evolving priorities and changing realities. A look at the last century is instructive.
The First World War concluded with Western Europe as an ascendant power bloc. At the 1920 San Remo Conference, these nations arrogantly divided up among themselves the “spoils” of that war, consolidating their control over much of Asia, Africa and the Middle East. The US, which absented itself from these proceedings, was left as the dominant power in the Western Hemisphere, with extensions of its “empire” into the Pacific.
Despite the hubris of those who at different times have dominated, change is the one constant
While that war had been dubbed “the war to end all wars", three factors contributed to unravelling the post-First World War order leading to the Second World War: the punishing economic hardships imposed on Germany helped to fuel an extreme nationalist backlash leading to an aggressive, racist regime bent on revenge; the communist revolution beginning in Russia, laid the foundation for the ascent of the Soviet Union; and the rapid growth of industrial Japan coupled with a trend of religious nationalism led them to seek greater influence in the Pacific.
The end of the Second World War left the former Western European powers in a weakened state – their economies in shambles, dependent on American support and largesse. With its decisive victories over Nazi Germany and Japan, and its expanding economy, the US emerged from the war with an even stronger role as leader of the West.
At the same time, Soviet Russia moved quickly to consolidate its control over the countries in Eastern Europe that had been ravaged by Nazi Germany. As the colonial empires of the West were crumbling, their demise was hastened by Soviet support for “national liberation movements”, which in a few decades led to the independence of nations across Africa and Asia and the emergence of a Non-Aligned Movement – which, though functionally anti-West, was technically unaffiliated with the two superpowers.
From the 1950s onwards, for at least three decades, the world order was dominated by these two hegemons, the US and the Union of Soviet Socialist Republics, who engaged in a Cold War, which was often characterised by “hot” conflicts fought by surrogates for these two powers. During this same time, both the US and the USSR suffered humiliating and exhausting defeats – the US in Vietnam and the Soviets in Afghanistan – which weakened but did not completely end their respective roles.
When the Soviet Union did collapse at the end of the 1980s, the US emerged, for a time, as the world’s dominant military and economic force. That lasted for a decade until American hubris led to its unravelling. The Bush administration’s decision to invade and occupy Afghanistan and Iraq to demonstrate American power and usher in an expansion of “pro-US liberal democracies” across the Middle East produced the opposite result.
Instead of securing “an American century", those wars left the US exhausted and demoralised. And instead of consolidating America’s hegemonic role in the “new world order”, they bred resentment of American arrogance and violations of international law, fuelling the growth of extremist movements. These wars also emboldened global powers (the "Bric" countries of Brazil, Russia, India and China) and regional powers (Iran, Turkey, Israel and the Arab Gulf countries) to extend their influence in defence of their own interests.
The US’s humiliating withdrawal from Afghanistan and now Russia’s war with Ukraine have revealed new contours in the changing world order. While the US and many of its allies in Western Europe have imposed punitive sanctions on Russia, the country has countered these sanctions by demanding that its significant fuel and grain exports be traded in Russian roubles, bolstering their value. And many nations, including American allies in Asia, Africa and the Middle East, have either not agreed to sanction Russia or are supporting its war in Ukraine.
While the US and Russia are exhausting themselves and depleting their political capital in wars they cannot win, another critical development has been taking place. China has slowly become an economic giant, as a result of decades of exporting American industry, jobs and technology to the country. And while America is struggling to impose itself in regions of the world where its influence is waning, China has made major investments in these same countries in Asia, the Pacific, Africa and the Western Hemisphere. Consequently, China, once called a “sleeping giant", has quietly and non-confrontationally emerged as a new influential pole in the still-forming new world order.
Everywhere we look, new alliances are being formed in recognition of rapidly changing power dynamics. Countries that once relied on the US for security and investment have formed new blocs, as they pursue their own national interests. There are trade pacts in Asia that are centred on China. In the Middle East, some Arab countries have signed far-reaching agreements with Israel, China and India. And many of the Bric countries have refused to adhere to western sanctions against Russia.
The US and its western allies still have enormous economic and political assets; it would be foolish to count them out of the game. But clearly the game that is unfolding is not the same as it was 20 years ago. A new order is emerging and there is no certainty about what it will look like 20 years from now. This should come as no surprise; any review of the past century’s twists and turns make it clear that despite the ethnocentric or ideological hubris of those who at different times have dominated, change is the one constant.
The biog:
From: Wimbledon, London, UK
Education: Medical doctor
Hobbies: Travelling, meeting new people and cultures
Favourite animals: All of them
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
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Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
The%20BaaS%20ecosystem
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The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
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
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Indoor Cricket World Cup - Sept 16-20, Insportz, Dubai
What is Reform?
Reform is a right-wing, populist party led by Nigel Farage, a former MEP who won a seat in the House of Commons last year at his eighth attempt and a prominent figure in the campaign for the UK to leave the European Union.
It was founded in 2018 and originally called the Brexit Party.
Many of its members previously belonged to UKIP or the mainstream Conservatives.
After Brexit took place, the party focused on the reformation of British democracy.
Former Tory deputy chairman Lee Anderson became its first MP after defecting in March 2024.
The party gained support from Elon Musk, and had hoped the tech billionaire would make a £100m donation. However, Mr Musk changed his mind and called for Mr Farage to step down as leader in a row involving the US tycoon's support for far-right figurehead Tommy Robinson who is in prison for contempt of court.
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The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
INFO
Cricket World Cup League Two
Teams
Oman, UAE, Namibia
Al Amerat, Muscat
Results
Oman beat UAE by five wickets
UAE beat Namibia by eight runs
Namibia beat Oman by 52 runs
UAE beat Namibia by eight wickets
Fixtures
Saturday January 11 - UAE v Oman
Sunday January 12 – Oman v Namibia
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
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Profile of VoucherSkout
Date of launch: November 2016
Founder: David Tobias
Based: Jumeirah Lake Towers
Sector: Technology
Size: 18 employees
Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake
Investors: Seed round was self-funded with “millions of dollars”
VERSTAPPEN'S FIRSTS
Youngest F1 driver (17 years 3 days Japan 2014)
Youngest driver to start an F1 race (17 years 166 days – Australia 2015)
Youngest F1 driver to score points (17 years 180 days - Malaysia 2015)
Youngest driver to lead an F1 race (18 years 228 days – Spain 2016)
Youngest driver to set an F1 fastest lap (19 years 44 days – Brazil 2016)
Youngest on F1 podium finish (18 years 228 days – Spain 2016)
Youngest F1 winner (18 years 228 days – Spain 2016)
Youngest multiple F1 race winner (Mexico 2017/18)
Youngest F1 driver to win the same race (Mexico 2017/18)
Killing of Qassem Suleimani
Killing of Qassem Suleimani
FA Cup fifth round draw
Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
West Bromwich Albion v Newcastle United/Oxford United
Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal
MATCH INFO
Uefa Champions League semi-finals, second leg:
Liverpool (0) v Barcelona (3), Tuesday, 11pm UAE
Game is on BeIN Sports
Syria squad
Goalkeepers: Ibrahim Alma, Mahmoud Al Youssef, Ahmad Madania.
Defenders: Ahmad Al Salih, Moayad Ajan, Jehad Al Baour, Omar Midani, Amro Jenyat, Hussein Jwayed, Nadim Sabagh, Abdul Malek Anezan.
Midfielders: Mahmoud Al Mawas, Mohammed Osman, Osama Omari, Tamer Haj Mohamad, Ahmad Ashkar, Youssef Kalfa, Zaher Midani, Khaled Al Mobayed, Fahd Youssef.
Forwards: Omar Khribin, Omar Al Somah, Mardik Mardikian.
RESULT
Norway 1 Spain 1
Norway: King (90 4')
Spain: Niguez (47')
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)