Workers on a crane put up Nato posters on Saturday ahead of the alliance's summit in Madrid. AP Photo
Workers on a crane put up Nato posters on Saturday ahead of the alliance's summit in Madrid. AP Photo
Workers on a crane put up Nato posters on Saturday ahead of the alliance's summit in Madrid. AP Photo
Workers on a crane put up Nato posters on Saturday ahead of the alliance's summit in Madrid. AP Photo


Nato is ripe for reform, but can Madrid begin the process?


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June 27, 2022

An exchange between a Ukrainian researcher and a former high-ranking US official at an event in London last week highlighted how far the Nato alliance must still travel to respond to the Russian war.

The Ukraine expert had travelled from the Donbas where she had heard her country’s troops crying out for the weapons systems that the western countries have pledged to Kyiv’s defence. As the Russian artillery rained down, the Ukrainians took the view that the shipments were not happening fast enough. The former US official conceded the point that, while the commitment was welcome, it shouldn't be a case of "too little, too late".

Nato is not at war with Russia. In fact none of its members are at war with Russia either. But Ukraine has gained support from within the alliance since the start of the Russian war in February. Notably last week, it also saw its application to join the EU accepted. This is something that had stalled for years as Ukraine failed to make the anti-corruption reforms and other improvements that accompany any application.

The push within EU for strategic autonomy could come in part through a unified defence policy

Significantly, given the role that the application played in the lead-up to the last war in 2014, Russian President Vladimir Putin said he had no objections to it because the EU is not a military alliance. The offer of Nato membership is less forthcoming to Ukraine. But as the 30-member grouping meets for a landmark summit in Madrid later this week, Nato is the reference point for how the defence of the continent will play out.

As the link between the US and Europe, the shock to the latter's security was always going to play out in Nato’s court. With the Europeans themselves assessing that it will take until 2040 before the region can defend itself from external aggression, this is a long-term issue – not a one- or two-year passing phase.

If the arms don’t go fast enough to Ukraine, the prestige of the alliance will certainly suffer a blow. If the unity of purpose shown in the months since February unwinds, this will all be a lost opportunity.

Presidents and prime ministers have the opportunity to look at the defensive alliance in a new way and ask if there should be a systematic approach to raising the capabilities of friendly countries. Getting the arms to states deemed to be just as vulnerable as Ukraine before trouble strikes is an important consideration in allowing those places to have their own deterrence.

Polls show that more than 90 per cent of Americans hold a negative view of Mr Putin. Other polls conducted across Europe show support for Ukraine and its struggle well above 50 per cent everywhere – between 70 per cent in Poland to 58 per cent in Spain. Contrast that with a poll taken in Russia, where a majority backs the invasion and provides support for the Kremlin’s narratives.

Within Nato the spirit of unity is high, but these are early days. Not only is the test of the energy and food crises still creeping up on its members, but so too are critical choices in the defence sphere.

Germany's Angela Merkel, Turkey's Recep Tayyip Erdogan, Donald Trump of the US and France's President Emmanuel Macron at the 2019 Nato summit. Reuters
Germany's Angela Merkel, Turkey's Recep Tayyip Erdogan, Donald Trump of the US and France's President Emmanuel Macron at the 2019 Nato summit. Reuters

This week, Nato will reveal its strategic concept. In 1997, the Nato summit in Madrid set the stage for the group's enlargement. When the last strategic concept came out in 2009, Russia was still being categorised as a strategic partner. At the closing of a 20-year cycle, a new blueprint for the alliance is clearly needed.

The growing push within EU states for strategic autonomy could come in part through a unified defence policy.

One of the most important preparatory meetings that Nato Secretary General Jens Stoltenberg held was with French President Emmanuel Macron last week. Mr Macron probed how the strategic concept could incorporate EU ambitions. The Elysee Palace can no longer afford to talk about the Nato alliance being "brain dead". Now it says it has suffered an “electric shock” and is demanding answers.

America’s pivot to Asia is certainly not dead. Indeed its move to seal Aukus, a strategic rearmament agreement with the UK and Australia, shows that it is ambitious in the platforms it seeks. For now, the Europeans are not actively challenging the US over China in the way that was true two years ago. They may be seeking to end their cheap energy relationship with Russia, but they are not altering their trade-focused relationship with Beijing.

Nato’s efforts to flesh out a strategic outlook that straddles those interests is going to be a key test of its thinking next week. How it implements that approach and sticks to it when it is inevitably tested is one of the greatest challenges facing the alliance.

With the US mid-term election looming and the short run-up to the next presidential election, Nato is hostage to another concern. Europeans are broadly convinced that Donald Trump stands a good chance of being elected US president in 2024. What chance of the alliance holding together, then, is probably best described as slim to nil.

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.

ALRAWABI%20SCHOOL%20FOR%20GIRLS
%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.

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
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
Updated: June 27, 2022, 4:00 AM