US President Donald Trump, right, represents the Republican right wing, while Joe Biden is the moderate face of the Democrats. AFP
US President Donald Trump, right, represents the Republican right wing, while Joe Biden is the moderate face of the Democrats. AFP
US President Donald Trump, right, represents the Republican right wing, while Joe Biden is the moderate face of the Democrats. AFP
US President Donald Trump, right, represents the Republican right wing, while Joe Biden is the moderate face of the Democrats. AFP

Will Democrats follow Republicans to the fringe?


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There is barely a week left before November 3, when polls close in the most momentous American election in decades, if not a century or more. Fifty-six million ballots have already been cast by early and postal voting. If results are close, counting could go on for days and litigation for weeks. But a decisive outcome could be clear as early as election night.

Democratic candidate Joe Biden's edge over incumbent Republican President Donald Trump has been amazingly consistent. Since early summer, he has held a strong, typically double-digit, lead in national polls, and smaller but significant ones in most swing states, with almost no deviation.

Democrats are haunted by Mr Trump's unexpected victory over Hillary Clinton four years ago. Many Republicans appear convinced that he will somehow pull off another stunning upset.

But with the economy struggling and the coronavirus pandemic again surging, the underlying circumstances are radically different. Mrs Clinton was deeply unpopular, but there is no sign Mr Trump has provoked widespread dislike or mistrust of Mr Biden or demonstrated that he is senile or secretly radical.

Early voting data heavily favours the Democrats. Yet Mr Trump could still win, particularly if he inspires a large group of those among his core constituency of non-college-educated white Americans who typically don't vote to go to the polls on election day. A marked surge of new Republican voter registrations in key states provides the main hope that he will prevail after all.

The all-important Senate, meanwhile, seems a real toss-up and is now the main focus of serious Republican efforts.

Four years ago, many Trump-backers cast the election in starkly existential terms. Now he is being even more lurid and aggressive, warning that a Biden victory would destroy the country, wreck its economy, prompt waves of non-white immigration, and hand power to radical socialists.

This time, however, Democrats and numerous prominent disaffected Republican commentators and operatives (though few serving elected officials) agree that the stakes are historically and nationally existential. Mrs Clinton, by contrast, never took Mr Trump seriously until he won, and no one knew how he would behave in office.

Mr Trump's campaign proclaims that American culture, capitalism and, in effect, white ethnic power are at stake. Mr Biden's allies insist that democratic institutions and the rule of law might not survive four more years of Mr Trump. The “soul of the country", both sides say, is on the ballot.

The outcome will therefore force a far more dramatic reckoning within the losing party than any normal defeat would.

To counter Mr Trump's narrow but deeply passionate base, the Democratic Party and its own base voters strategically chose to unite, tack strongly to the centre and, through the staunchly moderate Mr Biden, build the broadest national coalition they could, including by courting receptive conservatives.

Democrats have bet everything on their centre-left mainstream leadership, essentially the old guard from the Bill Clinton and Barack Obama eras. They are basically offering Americans a return to pre-Trump “normality” through a familiar, moderate standard-bearer backed by a historically unprecedented bevy of his Republican former opponents who agree that democratic processes and institutions are in mortal peril from the current president.

If Mr Biden wins, this gamble will be strongly vindicated and reinforced. As the clash between Mrs Clinton and Senator Bernie Sanders of Vermont four years ago demonstrated, there is a bitter Democratic split between a typically younger and passionate left-wing camp, and the centrist, often literally old, guard still in charge.

From left: Democratic Representatives Rashida Tlaib, Ilhan Omar, Alexandria Ocasio-Cortez and Ayanna Pressley comprise the left wing of the Democratic Party. EPA
From left: Democratic Representatives Rashida Tlaib, Ilhan Omar, Alexandria Ocasio-Cortez and Ayanna Pressley comprise the left wing of the Democratic Party. EPA

That division will persist and perhaps grow. But a Biden victory will mean the new generation of leftists, now led by Congresswoman Alexandria Ocasio-Cortez of New York, must be patient. They can still pursue control of the party, but will have to proceed cautiously, given the success of the centrist gambit, and, especially at first, the glow of victory.

But if Mr Trump wins, their ascendancy will be rapid. Amid bitter recriminations, the left would surely seize control of the party, shifting it radically in their direction.

Among Republicans, as Mr Trump's presidency demonstrates, populist hardliners have already decisively defeated and marginalised the centre-right old guard, such as 2012 GOP presidential candidate Senator Mitt Romney of Utah.

If Mr Trump is re-elected, this radicalism will be strongly reinforced, and his personal control become so entrenched that one of his own children may inherit his party leadership.

Senator Tom Cotton is aligned with the radical wing of the Republican Party. AP Photo
Senator Tom Cotton is aligned with the radical wing of the Republican Party. AP Photo

If Mr Trump is narrowly defeated while loudly charging fraud, and especially if Republicans retain the Senate, the stage will be set for him to attempt a comeback in 2024, health permitting. Failing that, one of his core “America First” supporters – perhaps Senators Tom Cotton of Arkansas or Josh Hawley of Missouri, or the notorious white nationalist TV commentator Tucker Carlson – could take the helm of a doggedly extreme Republican Party.

Even if he is trounced and Democrats take the Senate, a rapid resurgence of the beleaguered Republican centre-right seems unlikely. The base is now so extreme that what is needed is another programmatic Republican de-radicalisation campaign, even more extensive than efforts in the 1960s to marginalise the fanatical John Birch Society.

Instead, former South Carolina governor Nikki Haley is poised to try to amalgamate populist Trumpians and traditional Reaganite conservatives. She has strong Reaganite credentials but served as Mr Trump's UN ambassador without alienating him or his base.

Former UN ambassador Nikki Haley, right, could succeed Donald Trump at the helm of the Republican Party. AP Photo
Former UN ambassador Nikki Haley, right, could succeed Donald Trump at the helm of the Republican Party. AP Photo

Having painstakingly planted a foot in each camp, she has positioned herself to offer Republicans a viable future under a conservative, Christian woman of colour in an increasingly diverse country – a plausible opponent to another Indian-American, Mr Biden’s running mate and possible successor, Senator Kamala Harris.

If Trumpism implodes in the coming days, a new Haley-led conservative fusionism could be the sequel. But there is no sign of any Republican leaders preparing to banish or subdue the increasingly empowered menagerie of fanatics, white nationalists, QAnon and other bizarre cultists in their ranks.

If Mr Biden loses, the US could be trapped between two extremist parties, with moderates sidelined in both. But if he wins, centrists and all Americans still committed to traditional institutions of democracy and the rule of law will retain a strong, even commanding, voice into the foreseeable future.

Hussein Ibish is a senior resident scholar at the Arab Gulf States ­Institute and a US affairs columnist for The National

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

PRESIDENTS CUP

Draw for Presidents Cup fourball matches on Thursday (Internationals first mention). All times UAE:

02.32am (Thursday): Marc Leishman/Joaquin Niemann v Tiger Woods/Justin Thomas
02.47am (Thursday): Adam Hadwin/Im Sung-jae v Xander Schauffele/Patrick Cantlay
03.02am (Thursday): Adam Scott/An Byeong-hun v Bryson DeChambeau/Tony Finau
03.17am (Thursday): Hideki Matsuyama/CT Pan v Webb Simpson/Patrick Reed
03.32am (Thursday): Abraham Ancer/Louis Oosthuizen v Dustin Johnson/Gary Woodland

FFP EXPLAINED

What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.

What the rules dictate? 
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.

What are the penalties? 
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.

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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

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.

 

England Test squad

Joe Root (captain), Moeen Ali, James Anderson, Jonny Bairstow (wicketkeeper), Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Dawid Malan, Jamie Porter, Adil Rashid, Ben Stokes.

Andor
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

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The Lost Letters of William Woolf
Helen Cullen, Graydon House 

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

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My Cat Yugoslavia by Pajtim Statovci
Pushkin Press

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Libya's Gold

UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves. 

The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.

Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.

A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.

UAE currency: the story behind the money in your pockets
MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

What vitamins do we know are beneficial for living in the UAE

Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.

UAE SQUAD

Goalkeepers: Ali Khaseif, Fahad Al Dhanhani, Mohammed Al Shamsi, Adel Al Hosani

Defenders: Bandar Al Ahbabi, Shaheen Abdulrahman, Walid Abbas, Mahmoud Khamis, Mohammed Barghash, Khalifa Al Hammadi, Hassan Al Mahrami, Yousef Jaber, Salem Rashid, Mohammed Al Attas, Alhassan Saleh

Midfielders: Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Majed Hassan, Yahya Nader, Ahmed Barman, Abdullah Hamad, Khalfan Mubarak, Khalil Al Hammadi, Tahnoun Al Zaabi, Harib Abdallah, Mohammed Jumah, Yahya Al Ghassani

Forwards: Fabio De Lima, Caio Canedo, Ali Saleh, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds

 

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

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.