Montreal, where I live, is going into lockdown again.
The pattern of rising coronavirus cases is by now familiar to people around the world. Countries that had beaten the virus earlier this spring and "flattened the curve" are now struggling with a second wave. France and Spain, which were hit hard in March, are seeing a resurgence of cases rivalling those in the early days. Germany and the Netherlands are in the grip of a second wave. In countries like the US and India, there wasn't even that brief respite.
This week the Quebec government announced a second lockdown in Montreal and Quebec City, as well as some surrounding regions that are hard hit. Only a few countries have reimposed tough lockdown measures a second time, because lockdowns are extremely unpopular, despite the disaster that unfolds without them in place. Israel imposed one earlier this month.
Canada is no exception. Cases in the worst-hit provinces, Quebec and Ontario, are rising as the global death toll passes 1 million. It is a sombre moment, highlighting the relentlessness of this virus.
Quebec recently reported 896 new cases of Covid-19, a figure that competes with spring infections. Most of the new cases are driven by young people contracting and spreading the virus. So while hospitals are not yet overwhelmed by patients, it is only a matter of time before the more vulnerable are affected.
Doctors are worried that younger people will infect older relatives, and that they will take longer to recover when they go to hospital, tying up resources. There have already been a few cases of infections in nursing homes, which were hit particularly hard in March and April.
In total, Quebec, the province that includes Montreal, had over 73,000 infections earlier this week and more than 5,800 deaths. At the prospect of a second lockdown I am experiencing a condensed version of the various stages of grief, cycling between frustration, anger and resignation at various points of the day. But mostly just resignation brought on by exhaustion.
To be sure, the lockdown is less harsh than the measures earlier in spring. Restaurants and bars will be closed, though the former can still offer takeout meals. Museums and libraries will be closed too. But businesses like gyms and hair salons will remain open. In-house gatherings are banned. Schools and day-cares will remain open, even at the highest alert level. There appears to be a government consensus that the social and economic cost of a full lockdown, even one that may arrest this wave in a shorter time, is too great to bear.
Still, it is frustrating. We are barrelling towards winter, which in Canada can be brutal, and without a vaccine candidate that is widely available in the autumn, an impossible feat, I am having a hard time imagining what life is supposed to look like in the coming months.
At least in the summer and fall, there was the panacea of walks in the park, an evening reading on the balcony, socially-distanced meetings with friends, strolls down the city’s boulevards or up the Mont Royal. It is harder to keep that up in sub-zero temperatures, especially with a baby.
I know I am lucky to be here in a country with a functioning healthcare system...
I am also frustrated because crowded bars were allowed to continue operating for much of the summer, despite quickly emerging as hotspots for the virus to spread. Closing these establishments may have allowed for a milder second wave, particularly one that is being driven by younger residents of the city.
I am worried about the next few months. Current infection rates are lagging indicators – they show a snapshot today, but the deaths and further infections that have already happened will show up only in a couple of weeks. As the premier of neighbouring Ontario, the most populous province in Canada, said, the second wave may end up becoming a tsunami.
I know I am lucky to be here in a country with a functioning healthcare system, a pandemic that did not spiral out of control as it did south of the border and where the government's focus has been on tiding people over financially as they struggle with job loss. The cost of health care is not even an issue. And we are spared political and security instability.
But I cannot help but feel sad at the prospect of yet another season without friends, without the laughter and conversation over a warm meal with family, meetings of minds with strangers or a hot cup of coffee while browsing in my favourite bookstore, smiles unhindered by masks, hugs unhindered by fear.
As our reserves are depleted, we will just have to carry on for a while longer, and perhaps we will eventually see ourselves through this whole mess. As Justin Trudeau, Canada’s Prime Minister, said in a recent speech: “It’s all too likely we won’t be gathering for Thanksgiving, but we still have a shot at Christmas.”
Here’s hoping.
Kareem Shaheen is a veteran Middle East correspondent in Canada
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UAE currency: the story behind the money in your pockets
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'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
The biog
Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates
Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.
Favourite pastime: travelling and experiencing different cultures across the globe.
Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.
Favourite Movie: Mona Lisa Smile
Favourite Author: Kahlil Gibran
Favourite Artist: Meryl Streep
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
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Neymar's bio
Total club appearances 411
Total goals scored 241
Appearances for Barca 186
Goals scored for Barca 105
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
Singham Again
Director: Rohit Shetty
Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone
Rating: 3/5
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Zayed Sustainability Prize
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
● Based: Dubai, UAE
● Industry: M&A
● Funding size: Bootstrapped
● No of employees: Nine
Know your camel milk:
Flavour: Similar to goat’s milk, although less pungent. Vaguely sweet with a subtle, salty aftertaste.
Texture: Smooth and creamy, with a slightly thinner consistency than cow’s milk.
Use it: In your morning coffee, to add flavour to homemade ice cream and milk-heavy desserts, smoothies, spiced camel-milk hot chocolate.
Goes well with: chocolate and caramel, saffron, cardamom and cloves. Also works well with honey and dates.
Series result
1st ODI Zimbabwe won by 6 wickets
2nd ODI Sri Lanka won by 7 wickets
3rd ODI Sri Lanka won by 8 wickets
4th ODI Zimbabwe won by 4 wickets
5th ODI Zimbabwe won by 3 wickets
First Person
Richard Flanagan
Chatto & Windus
Iran's dirty tricks to dodge sanctions
There’s increased scrutiny on the tricks being used to keep commodities flowing to and from blacklisted countries. Here’s a description of how some work.
1 Going Dark
A common method to transport Iranian oil with stealth is to turn off the Automatic Identification System, an electronic device that pinpoints a ship’s location. Known as going dark, a vessel flicks the switch before berthing and typically reappears days later, masking the location of its load or discharge port.
2. Ship-to-Ship Transfers
A first vessel will take its clandestine cargo away from the country in question before transferring it to a waiting ship, all of this happening out of sight. The vessels will then sail in different directions. For about a third of Iranian exports, more than one tanker typically handles a load before it’s delivered to its final destination, analysts say.
3. Fake Destinations
Signaling the wrong destination to load or unload is another technique. Ships that intend to take cargo from Iran may indicate their loading ports in sanction-free places like Iraq. Ships can keep changing their destinations and end up not berthing at any of them.
4. Rebranded Barrels
Iranian barrels can also be rebranded as oil from a nation free from sanctions such as Iraq. The countries share fields along their border and the crude has similar characteristics. Oil from these deposits can be trucked out to another port and documents forged to hide Iran as the origin.
* Bloomberg