The Middle East is the region by far the most threatened by water shortages. AFP
The Middle East is the region by far the most threatened by water shortages. AFP
The Middle East is the region by far the most threatened by water shortages. AFP
The Middle East is the region by far the most threatened by water shortages. AFP


The 76th UNGA must focus on the climate crisis


  • English
  • Arabic

September 22, 2021

A recently released video by k-pop group BTS performing their song "Permission to Dance" in the UN General Assembly (UNGA) hall has garnered millions of views. It is intended to raise awareness ahead of the 76th annual meeting of UNGA, for which over 100 heads of government and state, in addition to many more officials, are gathered in New York this week. Fears over Covid-19 mean this year’s assembly has been scaled down, but it is the biggest global gathering of officials since the pandemic, as last year's UNGA was mainly virtual. Of course, the issues up for discussion are as big as ever.

Instability in the Middle East and further afield are at the forefront of the agenda and, as is often the case, risk dominating it. There are other, longer-term but nonetheless vital issues on the world’s plate. One is climate change. Keeping the environment at the top of delegates' minds is crucial. In a matter of weeks, the UK will hold the UN Climate Change Conference (Cop26), where countries are set to gather to discuss ways to achieve a zero-carbon future by 2050.

  • Khalifa Shaheen Al Marar, Minister of State, delivers a speech before the 76th session United Nations General Assembly. Photo: UAE Mission to the UN
    Khalifa Shaheen Al Marar, Minister of State, delivers a speech before the 76th session United Nations General Assembly. Photo: UAE Mission to the UN
  • Khalifa Shaheen Al Marar, Minister of State, delivers a speech before the 76th session United Nations General Assembly. Photo: UAE Mission to the UN
    Khalifa Shaheen Al Marar, Minister of State, delivers a speech before the 76th session United Nations General Assembly. Photo: UAE Mission to the UN
  • Yemen's Foreign Minister Ahmad Awad bin Mubarak addresses the 76th Session of the United Nations General Assembly in New York. EPA
    Yemen's Foreign Minister Ahmad Awad bin Mubarak addresses the 76th Session of the United Nations General Assembly in New York. EPA
  • Abdullatif bin Rashid Alzayani, minister for Foreign Affairs of Bahrain, addresses the general debate of the General Assembly’s seventy-sixth session. Photo: United Nations
    Abdullatif bin Rashid Alzayani, minister for Foreign Affairs of Bahrain, addresses the general debate of the General Assembly’s seventy-sixth session. Photo: United Nations
  • Syria's foreign minister Faisal Mekdad addresses the 76th Session of the United Nations General Assembly. AP Photo
    Syria's foreign minister Faisal Mekdad addresses the 76th Session of the United Nations General Assembly. AP Photo
  • Saudi Arabia's King Salman bin Abdulaziz speaks in a prerecorded video during the United Nations General Assembly in New York. Bloomberg
    Saudi Arabia's King Salman bin Abdulaziz speaks in a prerecorded video during the United Nations General Assembly in New York. Bloomberg
  • Luis Abinader, the Dominican Republic's president, also speaks via live stream. Bloomberg
    Luis Abinader, the Dominican Republic's president, also speaks via live stream. Bloomberg
  • A sign informs United Nations employees of coronavirus protocols. AFP
    A sign informs United Nations employees of coronavirus protocols. AFP
  • Ukraine President Volodymyr Zelenskiy speaks during the scaled-back meeting. Bloomberg
    Ukraine President Volodymyr Zelenskiy speaks during the scaled-back meeting. Bloomberg
  • Nicolas Maduro, Venezuela's president, speaks in a prerecorded video. Bloomberg
    Nicolas Maduro, Venezuela's president, speaks in a prerecorded video. Bloomberg
  • Turkish President Recep Tayyip Erdogan addresses the UN General Assembly. AP Photo
    Turkish President Recep Tayyip Erdogan addresses the UN General Assembly. AP Photo
  • Egypt's President Abdel Fattah El Sisi sent a recorded message. AP Photo
    Egypt's President Abdel Fattah El Sisi sent a recorded message. AP Photo
  • South Korea's President Moon Jae-in and First Lady Kim Jung-sook outside the UN headquarters in New York. Reuters
    South Korea's President Moon Jae-in and First Lady Kim Jung-sook outside the UN headquarters in New York. Reuters
  • Peruvian President Pedro Castillo speaks at the assembly. AP Photo
    Peruvian President Pedro Castillo speaks at the assembly. AP Photo
  • Poland's President Andrzej Duda leaves the stage after delivering his speech. Reuters
    Poland's President Andrzej Duda leaves the stage after delivering his speech. Reuters
  • US President Joe Biden addresses the session. AP Photo
    US President Joe Biden addresses the session. AP Photo
  • A member of the New York City Fire Department outside the UN headquarters. AP Photo
    A member of the New York City Fire Department outside the UN headquarters. AP Photo
  • Ecuador's President Guillermo Lasso speaks during the meeting. Reuters
    Ecuador's President Guillermo Lasso speaks during the meeting. Reuters
  • Bulgaria's President Rumen Radev addresses world leaders by video. Reuters
    Bulgaria's President Rumen Radev addresses world leaders by video. Reuters
  • Qatari ruler Sheikh Tamim addresses the session. AP Photo
    Qatari ruler Sheikh Tamim addresses the session. AP Photo
  • Streets near the UN headquarters in New York were closed ahead of the meeting. AFP
    Streets near the UN headquarters in New York were closed ahead of the meeting. AFP
  • Maldives President Ibrahim Mohamed Solih gets ready to address the annual UN General Assembly. AP Photo
    Maldives President Ibrahim Mohamed Solih gets ready to address the annual UN General Assembly. AP Photo
  • Xi Jinping, the Chinese president, addresses the UN General Assembly. Bloomberg
    Xi Jinping, the Chinese president, addresses the UN General Assembly. Bloomberg
  • Brazil's President Jair Bolsonaro speaks to world leaders. AP Photo
    Brazil's President Jair Bolsonaro speaks to world leaders. AP Photo
  • Delegates listen to speeches. AP Photo
    Delegates listen to speeches. AP Photo
  • President Recep Tayyip Erdogan announces Turkey's willingness to ratify the Paris Agreement on climate change. EPA
    President Recep Tayyip Erdogan announces Turkey's willingness to ratify the Paris Agreement on climate change. EPA
  • Iranian President Ebrahim Raisi attended the session by video from Tehran. AFP
    Iranian President Ebrahim Raisi attended the session by video from Tehran. AFP
  • UN Secretary General Antonio Guterres speaks. AFP
    UN Secretary General Antonio Guterres speaks. AFP
  • US President Joe Biden and UN Secretary General Antonio Guterres meet at the UN General Assembly. AFP
    US President Joe Biden and UN Secretary General Antonio Guterres meet at the UN General Assembly. AFP
  • US Secretary of State Antony Blinken meets British Foreign Secretary Liz Truss. AP
    US Secretary of State Antony Blinken meets British Foreign Secretary Liz Truss. AP
  • UK Prime Minister Boris Johnson greets Amazon founder Jeff Bezos and his girlfriend, Lauren Sanchez. AP
    UK Prime Minister Boris Johnson greets Amazon founder Jeff Bezos and his girlfriend, Lauren Sanchez. AP
  • China's President Xi Jinping addresses the UN General Assembly session in a recorded video. AP
    China's President Xi Jinping addresses the UN General Assembly session in a recorded video. AP
  • UK Prime Minister Boris Johnson arrives to meet Amazon founder Jeff Bezos. AP
    UK Prime Minister Boris Johnson arrives to meet Amazon founder Jeff Bezos. AP
  • Brazil's President Jair Bolsonaro, centre, walks outside his hotel while in New York for the UN General Assembly. Reuters
    Brazil's President Jair Bolsonaro, centre, walks outside his hotel while in New York for the UN General Assembly. Reuters
  • Protesters block 2nd Avenue near the UN's headquarters, calling on US President Joe Biden and the international community to help provide wider access to Covid-19 vaccines. EPA
    Protesters block 2nd Avenue near the UN's headquarters, calling on US President Joe Biden and the international community to help provide wider access to Covid-19 vaccines. EPA
  • UN staff remove British flags from a podium after UK Prime Minister Boris Johnson addressed the media at the UN General Assembly. AP
    UN staff remove British flags from a podium after UK Prime Minister Boris Johnson addressed the media at the UN General Assembly. AP
  • President of South Korea, Moon Jae-in, speaks during the General Debate in the UN General Assembly Hall. EPA
    President of South Korea, Moon Jae-in, speaks during the General Debate in the UN General Assembly Hall. EPA
  • Members of South Korean K-pop band BTS appear at a Sustainable Development Goals meeting during the UN General Assembly. AP
    Members of South Korean K-pop band BTS appear at a Sustainable Development Goals meeting during the UN General Assembly. AP
  • UN Secretary General Antonio Guterres speaks at a Sustainable Development Goals event. Reuters
    UN Secretary General Antonio Guterres speaks at a Sustainable Development Goals event. Reuters

In an interview with The National, President of Cop26 Alok Sharma said that climate change is “the biggest security risk for the world”. And yet, as British Prime Minister Boris Johnson recently expressed, determination to tackle the issue is flagging among countries with the biggest responsibility to do so. "It is the biggest economies in the world that are causing the problem, while the smallest suffer the worst consequences. And while progress is being made all over the world, the gulf between what has been promised, what is actually being delivered remains vast," Mr Johnson said.

Many of the countries with most to lose from international disengagement are smaller ones, unable to forge ahead on climate action without the initiative of larger economies. The Middle East's location already makes it an early flashpoint for many different environmental crises, including decreasing soil quality – a risk to food security – water shortages and rising summer temperatures. Of the 17 most water-stressed countries in the world, 11 are in the Mena region. It is also warming at twice the global average rate.

Similar challenges extend across the developing world. We will have to wait and see if great powers listen –including those that call publicly for dramatic change.

Geopolitical tensions among powerful countries will not help to create the necessary atmosphere of collaboration. An ongoing dispute over Australia's plans to acquire nuclear submarine technology with the help of the US and UK has destabilised further the West's relations with China. It is even driving a significant wedge between France and its old anglophone allies. It is, however, too early to be sure that this year's climate progress is well and truly scuppered. Countries should remember, as Mr Sharma stressed, that climate change, with its huge ramifications, ultimately trumps all strategic interests, even military ones.

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

Baby Driver

Director: Edgar Wright

Starring: Ansel Elgort, Kevin Spacey, Jamie Foxx, Lily James

Three and a half stars

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%3C%2Fstrong%3E%20Eco%20Way%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20December%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Ivan%20Kroshnyi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Electric%20vehicles%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Bootstrapped%20with%20undisclosed%20funding.%20Looking%20to%20raise%20funds%20from%20outside%3Cbr%3E%3C%2Fp%3E%0A
The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

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.
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

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

The Settlers

Director: Louis Theroux

Starring: Daniella Weiss, Ari Abramowitz

Rating: 5/5

Essentials
The flights

Return flights from Dubai to Windhoek, with a combination of Emirates and Air Namibia, cost from US$790 (Dh2,902) via Johannesburg.
The trip
A 10-day self-drive in Namibia staying at a combination of the safari camps mentioned – Okonjima AfriCat, Little Kulala, Desert Rhino/Damaraland, Ongava – costs from $7,000 (Dh25,711) per person, including car hire (Toyota 4x4 or similar), but excluding international flights, with The Luxury Safari Company.
When to go
The cooler winter months, from June to September, are best, especially for game viewing. 

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

THE BIO

Bio Box

Role Model: Sheikh Zayed, God bless his soul

Favorite book: Zayed Biography of the leader

Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet

Favorite food: seafood

Favorite place to travel: Lebanon

Favorite movie: Braveheart

Tearful appearance

Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday. 

Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow. 

She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.

A spokesman said her upset demeanour was due to a personal matter.

A%20QUIET%20PLACE
%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Lupita%20Nyong'o%2C%20Joseph%20Quinn%2C%20Djimon%20Hounsou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EMichael%20Sarnoski%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A

 

 

Manchester City 4
Otamendi (52) Sterling (59) Stones (67) Brahim Diaz (81)

Real Madrid 1
Oscar (90)

The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

THE SPECS

Engine: 3.5-litre supercharged V6

Power: 416hp at 7,000rpm

Torque: 410Nm at 3,500rpm

Transmission: 6-speed manual

Fuel consumption: 10.2 l/100km

Price: Dh375,000 

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.

UAE central contracts

Full time contracts

Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid

Part time contracts

Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Results

6.30pm Madjani Stakes Rated Conditions (PA) I Dh160,000 1,900m I Winner: Mawahib, Tadhg O’Shea (jockey), Eric Lemartinel (trainer)

7.05pm Maiden Dh150,000 1,400m I Winner One Season, Antonio Fresu, Satish Seemar

7.40pm: Maiden Dh150,000 2,000m I Winner Street Of Dreams, Pat Dobbs, Doug Watson

8.15pm Dubai Creek Listed Dh250,000 1,600m I Winner Heavy Metal, Royston Ffrench, Salem bin Ghadayer

8.50pm The Entisar Listed Dh250,000 2,000m I Winner Etijaah, Dane O’Neill, Doug Watson

9.25pm The Garhoud Listed Dh250,000 1,200m Winner Muarrab, Dane O’Neill, Ali Rashid Al Raihe

10pm Handicap Dh160,000 1,600m Winner Sea Skimmer, Patrick Cosgrave, Helal Al Alawi

Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

 

 

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Updated: September 22, 2021, 3:00 AM