A decade ago, then US president Barack Obama stood in front of a White House lectern to deliver arguably the most symbolic victory of his presidency. A small team of Navy Seals had killed Al Qaeda's leader, Osama bin Laden, who was hiding in Pakistan. Speaking to the 56 million Americans who tuned into the address, and millions more in watching from abroad, Mr Obama said the assassination was the moment that justice was won for bin Laden's many victims.
Ten years of painful work was wrapped up in this singular success. But the victory, in retrospect, was incomplete: the battle against Al Qaeda as an organisation and the wider fight against terrorism were going nowhere.
Today, bin Laden's organisation is a weaker version of what it once was. The group still maintains a foothold in Pakistan where its current leader, Ayman Al Zawahiri, is thought to be based, although whether or not he is still alive remains a matter of debate. In 2019, Hamza bin Laden, Osama's son and a strong candidate to succeed him, was killed. And Al Qaeda now competes with a new generation of militants. Gone are the days when bin Laden was the figurehead of Islamist terrorism. Today, groups such as ISIS, Al Shabab and Boko Haram compete for global attention.
Bin Laden was killed by US forces in the Pakistani town of Abbottabad. AFP
It is entirely possible that Al Qaeda could come back to Afghanistan
But Al Qaeda is still a threat. Various offshoots are reported around the world, many of which flourish in the struggling states of the Middle East. In Yemen, Al Qaeda has recently claimed a spate of attacks. After President Biden's decision to withdraw American troops from Afghanistan, many fear that the group could see a resurgence there. At ongoing peace talks overseen by the US, the Taliban claims it will not shelter Al Qaeda again. But with Washington's apparent desire to leave the country as quickly as it can and the Taliban's record for breaking promises, it is entirely possible that, 20 years after the US campaign to rid the country of the group, Al Qaeda could establish a permanent foothold there. America's generals admit that Afghanistan could be plunged into civil war civil war after the withdrawal, and the vacuum created in such circumstances would give Al Qaeda ample opportunity.
As Mr Obama said a decade ago, individual victories do not change the fact that rooting out terrorism and its causes is far harder. Years on, doing so remains a noble objective of the many countries around the world that stand against militancy. At a major speech last Friday, US Defence Secretary Lloyd Austin called for a "new vision" for his country's defence strategy, one that integrates America's military power alongside diplomacy. Mr Austin spent more than 40 years in his country's army. In his address, he noted that most of the past two decades saw him serve in "the last of the old wars". Twenty years on from 9/11, he needs to bring a new fight to terrorists, if past conflicts are to mean anything.
The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
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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
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
RESULTS
Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.
Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.
Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.
Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.
Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.
Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
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Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
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