US President Donald Trump, addressing the UN General Assembly in September, has taken a mostly unilateral approach to foreign policy. AFP
US President Donald Trump, addressing the UN General Assembly in September, has taken a mostly unilateral approach to foreign policy. AFP
US President Donald Trump, addressing the UN General Assembly in September, has taken a mostly unilateral approach to foreign policy. AFP
US President Donald Trump, addressing the UN General Assembly in September, has taken a mostly unilateral approach to foreign policy. AFP

Biden or Trump 2.0 will need to deal with the world differently


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Even in normal times, it is difficult to predict the result of the US presidential election. But with Donald Trump and Joe Biden – two men in their 70s – fighting a brutal battle for the right to be inaugurated in January 2021, the uncertainty has intensified. Mike Pence and Kamala Harris are receiving plenty more scrutiny from the American voters than past vice-presidential candidates – especially because it is possible that either or both could become president one day. It is no surprise, therefore, that their debate last week was watched by more people than the ones held in the previous two election cycles.

If Mr Trump wins a second term, his “America First” doctrine for how the US would operate in the world is unlikely to change a great deal. If he becomes president in four years’ time, Mr Pence would more than likely continue the policies of his boss. It is less clear what Mr Biden’s approach would be, given that the world is different place from what it was when he was vice president under Barack Obama from 2009-2017.

Most of the world is awaiting the outcome of this unusual election, including policymakers anxious about the implications of the uncertainty and the difficulty in anticipating future US policies. There is also the question of what impact the result will have on ongoing conflicts, particularly in the Middle East, and how it will affect the behaviour of various countries, notably Iran.

  • Supporters from both sides gather near the debate venue. AP
    Supporters from both sides gather near the debate venue. AP
  • Democratic U.S. vice presidential nominee Kamala Harris and incumbent Mike Pence. Reuters/file
    Democratic U.S. vice presidential nominee Kamala Harris and incumbent Mike Pence. Reuters/file
  • One of President Donald Trump's supporters exchanges words with a counter demonstrator outside the debate venue. Reuters
    One of President Donald Trump's supporters exchanges words with a counter demonstrator outside the debate venue. Reuters
  • The debate takes place at the University of Utah's Kingsbury Hall in Salt Lake City. EPA
    The debate takes place at the University of Utah's Kingsbury Hall in Salt Lake City. EPA
  • Social distancing signs on seats. Bloomberg
    Social distancing signs on seats. Bloomberg
  • A mobile billboard sponsored by the Democratic National Committee criticising the adminsitration's Covid19 response. AFP
    A mobile billboard sponsored by the Democratic National Committee criticising the adminsitration's Covid19 response. AFP
  • Staff members prepare the debate stage behind plexiglass shields. Bloomberg
    Staff members prepare the debate stage behind plexiglass shields. Bloomberg

It is, however, also true that America must get used to operating in a world that is increasingly multi-polar and chaotic. China continues to rise, but Russia is a power that is flexing its muscles around the world these days. Meanwhile, regional powers such as Turkey and Iran are playing by their own rules, thereby creating a less stable Middle East.

The trick, then, for the next US president would be to continue working with existing allies while building new partnerships. But he must also accept the reality that, in an increasingly multi-polar world, most countries will work with one another in varying capacities.

During my recent conversation with Reem Al Hashimy, the Minister of State for International Co-operation made an interesting point when she stressed that the UAE does not view other countries through an ideological prism, nor does it base its relations with them on the nature of relations between them. Rather, she said, the UAE builds its foreign policy on a spirit of dialogue and co-operation.

“We have tough conversations with everybody because we also are very keen on ensuring that our own national and strategic interests are met in a win-win set-up and win-win situation,” Ms Al Hashimy said. “You have different partners for different causes, and your ability to speak through debate and dialogue is actually a strength of your foreign policy.”

Her point is well taken, particularly when one looks at the possibility of a new cold war emerging between the US and China, and in the context of the recently strained relations between China and India. All three countries maintain excellent relations with the UAE.

  • Indian Army personnel carry the body of Col Santosh Babu through Suryapet, a town near the southern Indian city of Hyderabad, on Thursday. Col Babu was among the 20 Indian troops killed in Monday's clash with Chinese soldiers in the Himalayan district of Ladakh. AFP
    Indian Army personnel carry the body of Col Santosh Babu through Suryapet, a town near the southern Indian city of Hyderabad, on Thursday. Col Babu was among the 20 Indian troops killed in Monday's clash with Chinese soldiers in the Himalayan district of Ladakh. AFP
  • Indian Army personnel, family members and relatives salute next to the body of Col Santosh Babu before his funeral at Suryapet. AFP
    Indian Army personnel, family members and relatives salute next to the body of Col Santosh Babu before his funeral at Suryapet. AFP
  • B Upender performs the final rites of his son Col Santosh Babu in Suryapet. AP Photo
    B Upender performs the final rites of his son Col Santosh Babu in Suryapet. AP Photo
  • Santoshi mourns after receiving her husband Col Santosh Babu's uniform and the National flag during the last rites ceremony in Suryapet. AP Photo
    Santoshi mourns after receiving her husband Col Santosh Babu's uniform and the National flag during the last rites ceremony in Suryapet. AP Photo
  • Santoshi performs rituals during the last rites in Suryapet. AP Photo
    Santoshi performs rituals during the last rites in Suryapet. AP Photo
  • Santoshi and her son salute during the last rites of her husband in Suryapet. AP Photo
    Santoshi and her son salute during the last rites of her husband in Suryapet. AP Photo
  • Activists hold photos of Chinese President Xi Jinping and shout slogans against China during a protest in the southern Indian city of Bangalore. EPA
    Activists hold photos of Chinese President Xi Jinping and shout slogans against China during a protest in the southern Indian city of Bangalore. EPA
  • Activists hold photos of Chinese President Xi Jinping and shouts slogans against China in Bangalore. EPA
    Activists hold photos of Chinese President Xi Jinping and shouts slogans against China in Bangalore. EPA
  • Children take part in an anti-China demonstration in the eastern Indian city of Kolkata. AFP
    Children take part in an anti-China demonstration in the eastern Indian city of Kolkata. AFP
  • Men shout slogans and call for boycott of Chinese products during a demonstration in the north-eastern Indian city of Guwahati. AP Photo
    Men shout slogans and call for boycott of Chinese products during a demonstration in the north-eastern Indian city of Guwahati. AP Photo
  • Activists throughout India hold candles as a tribute to Indian soldiers killed in clash with Chinese troops in the Himalayan district of Ladakh. EPA
    Activists throughout India hold candles as a tribute to Indian soldiers killed in clash with Chinese troops in the Himalayan district of Ladakh. EPA
  • Activists belonging to the Bharatiya Janata Party shout slogans while holding posters as they sit in a police van during an anti-China protest in the eastern Indian city of Siliguri. AFP
    Activists belonging to the Bharatiya Janata Party shout slogans while holding posters as they sit in a police van during an anti-China protest in the eastern Indian city of Siliguri. AFP
Mr Trump's mostly unilateral approach to foreign policy has been described by many thinkers as inappropriate for a world that is facing common challenges: climate change, infectious diseases, weapons proliferation and terrorism

China-India relations cannot be viewed in isolation either. They have lived next door to one another for eternity, but the world is changing and both countries wield considerably more economic and military might than in the past. China has also watched with interest the warming of the US-India equation, which may be contributing to the already existing border tensions. If China is right to be wary of America’s growing influence in South Asia, India is justified to look out for itself.

Shivshankar Menon, India’s former national security adviser, told me that his country has China to thank for improved ties with America – an important development from Delhi's perspective. “There's much more congruence here in terms of, for instance, simple things like maritime security throughout the Indo-Pacific,” he said. “We can't transform India without the US, which is an essential partner.”

However, just like Ms Al Hashimy said, it is important for countries to reach out to one another and foster positive relations. Could countries band together to form “coalitions of the willing”, as Mr Menon characterises them, and once again work in tandem for the greater good of the world?

Mr Trump's mostly unilateral approach to foreign policy has been described by many thinkers as inappropriate for a world that is facing common challenges: climate change, infectious diseases, weapons proliferation and terrorism. One such expert is Richard Haass, president of the American think tank Council on Foreign Relations, who recently told me that we live in an era where no country on its own can protect its own interests better than it can by working with others. He argued that sovereignty does not give anyone the right to carry out genocide against its people, destroy rainforests, or threaten other countries. Whether one agrees with him or not, Mr Haass seems to believe that America still has a role to play across the globe: that of the world's policeman.

“The Obama administration made a mistake with the so-called ‘red line’ and Syrian chemicals,” he said, in reference to Mr Obama’s inaction even as the Assad regime was alleged to have used chemical weapons against its own people in 2013. “The Trump administration, I would argue, made a major mistake in abandoning the Kurds [by letting Turkish-backed forces drive them out of northern Syria and occupy parts of the territory]. They were the best partner the United States had in Syria, in dealing with the challenges there.”

A return to multilateralism, then, will depend on whether Mr Biden wins, or if Trump 2.0 sheds some of Trump 1.0's "America First" policy.

Does one need to underline how important the November 3 election is?

Raghida Dergham is the founder and executive chairwoman of the Beirut Institute

Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The biog

Name: Salem Alkarbi

Age: 32

Favourite Al Wasl player: Alexandre Oliveira

First started supporting Al Wasl: 7

Biggest rival: Al Nasr

How Beautiful this world is!
The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

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 biog

Name: Dhabia Khalifa AlQubaisi

Age: 23

How she spends spare time: Playing with cats at the clinic and feeding them

Inspiration: My father. He’s a hard working man who has been through a lot to provide us with everything we need

Favourite book: Attitude, emotions and the psychology of cats by Dr Nicholes Dodman

Favourit film: 101 Dalmatians - it remind me of my childhood and began my love of dogs 

Word of advice: By being patient, good things will come and by staying positive you’ll have the will to continue to love what you're doing

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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  

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000