On May 9 every year, we celebrate Europe Day. This is an important occasion to take stock of the European Union’s achievements and the role it plays in a troubled world facing multiplying challenges.
The EU has come a long way since its inception with the Schuman Declaration in 1950, and Europe Day marks the genesis of the unique political and economic union of the 27 member states that we know today. The EU has grown into a global force for good, constituting the world’s largest trading bloc and top investor, accounting for 15 per cent of global GDP.
With a large network of partners, the EU works to tackle the world's most pressing issues. From driving the green transition and ensuring food and energy security to resolving conflicts and providing humanitarian and development aid, the EU's impact is deeply felt around the world. Despite growing global challenges, the EU remains a beacon of hope, promoting democracy, human rights and the rule of law while working towards a peaceful, sustainable and prosperous future for all.
One of the biggest challenges facing humanity today is climate change and its disastrous impacts. As the world’s largest contributor to climate finance, the EU is determined to reduce its own emissions. Following the Paris Agreement, the EU has set the ambitious target of reducing greenhouse-gas emissions by at least 55 per cent by 2030, and reaching climate neutrality by 2050.
To that end, the EU is investing heavily in renewable energy, energy efficiency and decarbonisation. We work closely with our partners on climate action and encourage them to join our efforts. Just a few days ago, the European Commission and the European Investment Bank announced €18 billion ($19.9 billion) of financing to boost climate action in partner countries around the world.
Global challenges necessitate collective action and the EU is keener than ever to work with its partners worldwide to reinforce the fight against climate change and promote sustainable development. We have built a unique partnership with the UAE, our key ally in the Gulf region.
With shared interests revolving around trade, investment, sustainability, energy and security, the EU-UAE partnership has made significant strides. As the UAE gets ready to host Cop28 in November, the EU remains dedicated to working closely with the Emirates to ensure a successful outcome of this critical event.
Global challenges necessitate collective action and the EU is keener than ever to work with its partners worldwide
The EU's commitment to multilateralism and co-operation is critical in addressing global challenges. Our partnerships with other countries and organisations, such as the African Union, the League of Arab States and the GCC, demonstrate our willingness to work with others to achieve common goals.
Renewed global responsibility is needed now more than ever to tackle the most pressing political and economic challenges, climate change, promoting democracy and human rights, and working towards peace and stability. In these uncertain times, we need to work together to build a world that is peaceful, sustainable and prosperous for generations to come.
However, we have witnessed how our efforts to curb climate change can be derailed by instability and conflict. It is indeed difficult to form a united front to save our planet when it is plagued by human-made crises. Russia’s illegal and unjustified war against Ukraine has disrupted global energy markets and fuelled energy and food insecurity across the world. We have worked tirelessly to mitigate the ravaging impacts of this war. We have supported the UN-led Black Sea Grain Initiative, which has spared the world a worsening of the global food crisis by allowing the flow of vital Ukrainian grains to global markets and people in need. Were Russia to pull out of this agreement, the consequences will be dire for many countries in the Middle East and Africa, putting new obstacles in their path towards sustainable development.
The EU will continue to support the Ukrainian people in their right to defend themselves against the Russian aggression, and push back against Moscow’s attempts to undermine the rules-based world order. But the EU’s efforts to preserve peace and security are not only limited to Ukraine. The EU spares neither efforts nor resources to help resolve conflicts, strengthen human security, alleviate suffering and promote sustainable development across the world. Over the past weeks, we have witnessed how the deterioration of stability and security in Sudan has taken a devastating toll on civilians and posed a serious threat to regional stability.
The EU is also extremely concerned about the continuing fighting in Sudan. We have reached out to our partners and called on all sides to immediately allow rapid and unimpeded humanitarian access, to protect civilians and ensure the safety of humanitarian workers. The EU continues to support the provision of immediate relief and first-aid assistance to harmed civilians while supporting all mediation efforts by partner countries and multilateral organisations to bring peace and stability back to Sudan.
After four years in the UAE, I am proud of the partnership that we have built with this innovative and dynamic young nation. I am confident that this partnership will continue to grow because we share the firm belief that only by working hand-in-hand we will be able to tackle the challenges of our times and build a world that is more peaceful, sustainable and prosperous for generations to come.
SERIE A FIXTURES
Saturday
AC Milan v Sampdoria (2.30pm kick-off UAE)
Atalanta v Udinese (5pm)
Benevento v Parma (5pm)
Cagliari v Hellas Verona (5pm)
Genoa v Fiorentina (5pm)
Lazio v Spezia (5pm)
Napoli v Crotone (5pm)
Sassuolo v Roma (5pm)
Torino v Juventus (8pm)
Bologna v Inter Milan (10.45pm)
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
The Old Slave and the Mastiff
Patrick Chamoiseau
Translated from the French and Creole by Linda Coverdale
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
Ticket prices
General admission Dh295 (under-three free)
Buy a four-person Family & Friends ticket and pay for only three tickets, so the fourth family member is free
Buy tickets at: wbworldabudhabi.com/en/tickets
ABU%20DHABI%20CARD
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The specs: 2018 Chevrolet Trailblazer
Price, base / as tested Dh99,000 / Dh132,000
Engine 3.6L V6
Transmission: Six-speed automatic
Power 275hp @ 6,000rpm
Torque 350Nm @ 3,700rpm
Fuel economy combined 12.2L / 100km
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Company%C2%A0profile
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The specs
Engine 60kwh FWD
Battery Rimac 120kwh Lithium Nickel Manganese Cobalt Oxide (LiNiMnCoO2) chemistry
Power 204hp Torque 360Nm
Price, base / as tested Dh174,500
US%20federal%20gun%20reform%20since%20Sandy%20Hook
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Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
LA LIGA FIXTURES
Friday Athletic Bilbao v Celta Vigo (Kick-off midnight UAE)
Saturday Levante v Getafe (5pm), Sevilla v Real Madrid (7.15pm), Atletico Madrid v Real Valladolid (9.30pm), Cadiz v Barcelona (midnight)
Sunday Granada v Huesca (5pm), Osasuna v Real Betis (7.15pm), Villarreal v Elche (9.30pm), Alaves v Real Sociedad (midnight)
Monday Eibar v Valencia (midnight)
SPEC%20SHEET
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
More from Neighbourhood Watch:
Five expert hiking tips
- Always check the weather forecast before setting off
- Make sure you have plenty of water
- Set off early to avoid sudden weather changes in the afternoon
- Wear appropriate clothing and footwear
- Take your litter home with you
READ MORE ABOUT CORONAVIRUS
How to turn your property into a holiday home
- Ensure decoration and styling – and portal photography – quality is high to achieve maximum rates.
- Research equivalent Airbnb homes in your location to ensure competitiveness.
- 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.
- 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.
- 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.
SPECS
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The%20specs
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COMPANY%20PROFILE
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The%20specs
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Pathaan
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The%20specs%3A%20Taycan%20Turbo%20GT
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If you go
Flights
Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.
The stay
Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.
THE LIGHT
Director: Tom Tykwer
Starring: Tala Al Deen, Nicolette Krebitz, Lars Eidinger
Rating: 3/5
Specs
Engine: 2-litre
Transmission: Eight-speed automatic
Power: 255hp
Torque: 273Nm
Price: Dh240,000
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions