• A satellite image taken over Galwan Valley in Ladakh, India, parts of which are contested with China, June 16, 2020, in this handout obtained from Planet Labs Inc. REUTERS
    A satellite image taken over Galwan Valley in Ladakh, India, parts of which are contested with China, June 16, 2020, in this handout obtained from Planet Labs Inc. REUTERS
  • An Indian army convoy makes way towards Leh, bordering China, in Gagangir. Twenty Indian soldiers were killed during "hand-to-hand' fighting with Chinese troops in a disputed Himalayan region, India's military said, the first deadly clash between the nuclear powers in decades. AFP
    An Indian army convoy makes way towards Leh, bordering China, in Gagangir. Twenty Indian soldiers were killed during "hand-to-hand' fighting with Chinese troops in a disputed Himalayan region, India's military said, the first deadly clash between the nuclear powers in decades. AFP
  • In this May 5, 2013 photo, Chinese troops hold a banner which reads: "You've crossed the border, please go back" in Ladakh, India. China on Tuesday, June 16, 2020 accused Indian forces along their Himalayan border of carrying out "provocative attacks" on its troops, leading to "serious physical conflicts" between the sides. AP Photo
    In this May 5, 2013 photo, Chinese troops hold a banner which reads: "You've crossed the border, please go back" in Ladakh, India. China on Tuesday, June 16, 2020 accused Indian forces along their Himalayan border of carrying out "provocative attacks" on its troops, leading to "serious physical conflicts" between the sides. AP Photo
  • Indian Border Security Force (BSF) soldiers guard a highway leading towards Leh, bordering China, in Gagangir. The long-running border dispute between Asian nuclear powers India and China turned deadly for the first time in nearly half a century after at least 20 Indian soldiers were killed in a "violent face-off", the army said. AFP
    Indian Border Security Force (BSF) soldiers guard a highway leading towards Leh, bordering China, in Gagangir. The long-running border dispute between Asian nuclear powers India and China turned deadly for the first time in nearly half a century after at least 20 Indian soldiers were killed in a "violent face-off", the army said. AFP
  • The father and mother of Colonel Santosh Babu, who was killed in border clashes with Chinese troops, sit next to his portrait, in Suryapet,Telangana state, India. REUTERS
    The father and mother of Colonel Santosh Babu, who was killed in border clashes with Chinese troops, sit next to his portrait, in Suryapet,Telangana state, India. REUTERS
  • Police set up barricades outside the Chinese embassy in New Delhi. The long-running border dispute between Asian nuclear powers India and China turned deadly for the first time in nearly half a century after at least 20 Indian soldiers were killed in a "violent face-off", the army said on June 16. AFP
    Police set up barricades outside the Chinese embassy in New Delhi. The long-running border dispute between Asian nuclear powers India and China turned deadly for the first time in nearly half a century after at least 20 Indian soldiers were killed in a "violent face-off", the army said on June 16. AFP
  • Indian Border Security Force (BSF) soldiers guard a highway leading towards Leh, bordering China, in Gagangir. The long-running border dispute between Asian nuclear powers India and China turned deadly for the first time in nearly half a century after at least 20 Indian soldiers were killed in a "violent face-off", the army said on June 16. AFP
    Indian Border Security Force (BSF) soldiers guard a highway leading towards Leh, bordering China, in Gagangir. The long-running border dispute between Asian nuclear powers India and China turned deadly for the first time in nearly half a century after at least 20 Indian soldiers were killed in a "violent face-off", the army said on June 16. AFP
  • Supporters of India's ruling Bharatiya Jayanta Party (BJP) attempt to burn a sheet resembling the Chinese national flag during a protest against China, in Kochi, India. REUTERS
    Supporters of India's ruling Bharatiya Jayanta Party (BJP) attempt to burn a sheet resembling the Chinese national flag during a protest against China, in Kochi, India. REUTERS
  • Anti-China protesters display placards urging citizens to boycott Chinese goods at a market in New Delhi. Twenty Indian soldiers were killed during "hand-to-hand' fighting with Chinese troops in a disputed Himalayan region, India's military said, the first deadly clash between the nuclear powers in decades. AFP
    Anti-China protesters display placards urging citizens to boycott Chinese goods at a market in New Delhi. Twenty Indian soldiers were killed during "hand-to-hand' fighting with Chinese troops in a disputed Himalayan region, India's military said, the first deadly clash between the nuclear powers in decades. AFP
  • Chinese police and security personnel stand outside the Indian embassy in Beijing. Beijing's state media on June 17 played down a deadly border confrontation between Chinese and Indian troops and did not reveal casualties on its side even as social media users urged retaliation. The Indian army said Tuesday that 20 of its soldiers were killed in a "violent face-off" along the Himalayan frontier on June 16, which resulted in "casualties on both sides". AFP
    Chinese police and security personnel stand outside the Indian embassy in Beijing. Beijing's state media on June 17 played down a deadly border confrontation between Chinese and Indian troops and did not reveal casualties on its side even as social media users urged retaliation. The Indian army said Tuesday that 20 of its soldiers were killed in a "violent face-off" along the Himalayan frontier on June 16, which resulted in "casualties on both sides". AFP

The 'Asian Century' depends on China and India working together


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The renewed tensions between China and India, two Asian giants, along the contested Line of Actual Control (LAC) in the Himalayan region of Ladakh in early May crossed the 100-day mark on Thursday.

For the first time since the Agreement on the Maintenance of Peace and Tranquility was signed by the two nations in 1993 – apropos the management of the 4,000-kilometre loose demarcation line that separates Indian and Chinese-controlled territories – there was a breakdown in the protocols carefully crafted over 27 years.

In the middle of June, 20 Indian soldiers including a colonel lost their lives in the Galwan River following a brawl with troops belonging to the People's Liberation Army of China. Beijing has yet to announce any casualties on its side, although Chinese media reports indicate that the PLA did lose personnel. In what was an anomalous development, no ordnance was used by either military at Galwan, even though both nuclear nations are militarily well-equipped. Soldiers on both sides, instead, resorted to sticks, stones and nail-studded clubs.

China and India are two Asian giants with a combined population of 2.8 billion people. AP Photo
China and India are two Asian giants with a combined population of 2.8 billion people. AP Photo

India has held China responsible for "pre-meditated" transgressions in various locations along the LAC, while Beijing has accused Delhi of being the "aggressor".

In their August 15 Independence Day speeches, the Indian President Ram Nath Kovind and Prime Minister Narendra Modi referred to the challenge of "expansionism" in the neighbourhood but did not explicitly name China. It was added that India would not be deterred by any kind of "aggression" and was capable of giving a "befitting reply".

An uneasy stalemate prevails despite several rounds of talks at the diplomatic and military command levels. The Indian assessment is that its military will have to prepare for the long haul along the LAC through the winter months.

In the run-up to the 100th day, however, some signals seem to suggest that diplomacy may yet allow for a modus vivendi of a complex and tangled territorial dispute between the world’s two most populous nations with a combined strength of 2.8 billion people.

On Friday, the Indian ambassador in Beijing Vikram Misri met with senior officials of the Chinese Military Commission to reiterate Delhi’s position on the LAC. Earlier on Wednesday, Mr Misri had met with Liu Jianchao, a senior member of the Central Committee of the Chinese Communist Party. Media reports suggest that another round of talks could be on the cards.

Also on Wednesday, the Chinese embassy in Delhi expressed hope through a tweet that the “Indian side can meet the Chinese side half-way” and not act in any manner that would further "complicate" the border tensions. The tweet also said that China hoped India would create “favourable conditions” for maintaining peace and stability in the border areas and the healthy development of bilateral relations.

However, this was also accompanied by the Chinese ambassador to India Sun Weidong asserting in a signed article that the onus for resolving the border stand-off in the Ladakh sector of the LAC was “not on China". In short, the picture that emerges is unclear and has elements of a tentative intent to negotiate – but the article suggests it would be on terms set by Beijing. This will not be acceptable to Delhi, which seeks a return to the status quo positions along the LAC as they existed before the PLA intrusions.

The bilateral relationship between China and India has now entered a post-Galwan phase and both nations are aware that what is at stake is not just contested territoriality – but the texture and tenor of the emerging Asian strategic framework with larger global implications.

This was outlined by the Indian Foreign Minister Subrahmanyam Jaishankar, who earlier in the month noted: “We are seeing the parallel but differential rise of the two countries. To my mind, what it does is it puts a huge premium on reaching some kind of equilibrium or understanding between the two.” Highlighting the point that this equilibrium would have to be in the interests of both countries, he added: “How to do that is one of the big challenges that we face.”

While the Covid-19 pandemic has led to considerable uncertainty about the global economic recovery, it is expected that over the next decade, the world will see the emergence of three major single-state economies: China, the US and India, with the European Union being the fourth node.

  • 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

In an earlier formulation, there was optimism about the resurgence of Asia, led by China’s economic growth followed by that of India, in addition to the sustained economic vitality of countries in the continent's north-east, south-east and west. It was envisioned that global prosperity and power would shift to the East, with the critical strategic triangle represented by China, the US and India.

This assumption, however, was predicated on a robust degree of co-operation among the major powers and a commitment to equitable globalisation in all the development sectors ranging from the economy, energy, infrastructure, investments, financial flows, trade, commerce and the sharing of technology. The past four years have turned out to be more turbulent and discordant across many tracks, and these include the souring of US-China, US-Russia and now China-India relations.

While the orientation of the US-China equation will largely be shaped by the outcome of the US presidential election in November, one factor will remain abiding – that of the swing-state relevance of India in the critical strategic triangle. How Beijing engages with Delhi in the post-Galwan era will have long-term implications for Asian equipoise and harmony – or the lack thereof.

C Uday Bhaskar is director of the New Delhi-based think tank Society for Policy Studies

Naga
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The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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Results

5.30pm: Maiden (TB) Dh82,500 (Dirt) 1,600m, Winner: Panadol, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer)

6.05pm: Maiden (TB) Dh82,500 (Turf) 1,400m, Winner: Mayehaab, Adrie de Vries, Fawzi Nass

6.40pm: Handicap (TB) Dh85,000 (D) 1,600m, Winner: Monoski, Mickael Barzalona, Salem bin Ghadayer

7.15pm: Handicap (TB) Dh102,500 (T) 1,800m, Winner: Eastern World, Royston Ffrench, Charlie Appleby

7.50pm: Handicap (TB) Dh92,500 (D) 1,200m, Winner: Madkal, Adrie de Vries, Fawzi Nass

8.25pm: Handicap (TB) Dh92,500 (T) 1,200m, Winner: Taneen, Dane O’Neill, Musabah Al Muhairi

Day 1, Abu Dhabi Test: At a glance

Moment of the day Dimuth Karunaratne had batted with plenty of pluck, and no little skill, in getting to within seven runs of a first-day century. Then, while he ran what he thought was a comfortable single to mid-on, his batting partner Dinesh Chandimal opted to stay at home. The opener was run out by the length of the pitch.

Stat of the day – 1 One six was hit on Day 1. The boundary was only breached 18 times in total over the course of the 90 overs. When it did arrive, the lone six was a thing of beauty, as Niroshan Dickwella effortlessly clipped Mohammed Amir over the square-leg boundary.

The verdict Three wickets down at lunch, on a featherbed wicket having won the toss, and Sri Lanka’s fragile confidence must have been waning. Then Karunaratne and Chandimal's alliance of precisely 100 gave them a foothold in the match. Dickwella’s free-spirited strokeplay meant the Sri Lankans were handily placed at 227-4 at the close.

EMILY%20IN%20PARIS%3A%20SEASON%203
%3Cp%3ECreated%20by%3A%20Darren%20Star%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Lily%20Collins%2C%20Philippine%20Leroy-Beaulieu%2C%20Ashley%20Park%3C%2Fp%3E%0A%3Cp%3ERating%3A%202.75%2F5%3C%2Fp%3E%0A
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 National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Ibrahim's play list

Completed an electrical diploma at the Adnoc Technical Institute

Works as a public relations officer with Adnoc

Apart from the piano, he plays the accordion, oud and guitar

His favourite composer is Johann Sebastian Bach

Also enjoys listening to Mozart

Likes all genres of music including Arabic music and jazz

Enjoys rock groups Scorpions and Metallica 

Other musicians he likes are Syrian-American pianist Malek Jandali and Lebanese oud player Rabih Abou Khalil

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Student Of The Year 2

Director: Punit Malhotra

Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal 

1.5 stars

Key findings of Jenkins report
  • Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
  • Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
  • Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
  • Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."