John le Carre, who had been writing novels for almost 60 years, died last Saturday at the age of 89. EPA
John le Carre, who had been writing novels for almost 60 years, died last Saturday at the age of 89. EPA
John le Carre, who had been writing novels for almost 60 years, died last Saturday at the age of 89. EPA
John le Carre, who had been writing novels for almost 60 years, died last Saturday at the age of 89. EPA

John le Carre shone light on murky worlds


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On Saturday, John le Carre, the most celebrated spy fiction writer of his time, died from pneumonia at the age of 89. Le Carre, whose real name was David Cornwell, had been publishing novels on subjects ranging from the Cold War to the Middle East for almost 60 years. In a tweet yesterday, American novelist Stephen King wrote that 2020 has claimed a "literary giant and a humanitarian spirit".

This designation of Le Carre as a humanitarian comes from the latter's realistic, often critical assessment of the work of modern intelligence agencies. His writing also acted as a counterbalance to a more romanticised brand of spy fiction, often associated with Ian Fleming, author of the James Bond stories. While Fleming wrote from the Caribbean, Le Carre used his personal experience of the drab, grey intelligence arena of post-War Europe. In Fleming's novels, stories focused on the charm and romanticism of James Bond, equally gifted at defeating caricature villains as he was at charming women. For Le Carre, largely unremarkable protagonists fitted into nebulous intelligence networks, often without any sense of moral purpose.

CAMBERLEY, ENGLAND - APRIL 11: British Prime Minister Tony Blair inspects Officer cadets after they completed their training at the Royal Military Academy Sandhurst April 11, 2003 in Camberley. Some 409 cadets took part in the event and it is the first time ever a serving Labour Prime Minister took the inspection and salute. (Photo by Julian Herbert/Getty Images)
CAMBERLEY, ENGLAND - APRIL 11: British Prime Minister Tony Blair inspects Officer cadets after they completed their training at the Royal Military Academy Sandhurst April 11, 2003 in Camberley. Some 409 cadets took part in the event and it is the first time ever a serving Labour Prime Minister took the inspection and salute. (Photo by Julian Herbert/Getty Images)
In Le Carre's stories, largely unremarkable protagonists fitted into nebulous intelligence networks, often without any sense of moral purpose

This lost Le Carre friends in the British intelligence establishment. Having worked in both MI5 and MI6, the UK's domestic and foreign intelligence arms, former colleagues felt betrayed by his pessimistic portrayal of their work. But his career and personal life - Le Carre's father was a conman who was arrested numerous times - made him well placed to articulate the moral ambiguity of such murky worlds.

In later writing, as Cold War tensions diminished, his focus turned in part to the Middle East. His 1983 novel The Little Drummer Girl looked at Israeli spy agencies in the Palestine-Israel conflict. He was particularly critical of the US-led "War on Terror", a topic he explored in novels such as Absolute Friends and A Most Wanted Man. His 2003 essay in The Times, entitled "The United States has gone mad", was a rebuke to then US president George W Bush and UK prime minister Tony Blair. He described Mr Bush's notion that Iraqi dictator Saddam Hussein was responsible for the 9/11 terror attacks on US soil as "one of the great public relations conjuring tricks of history", potentially more disastrous than the Vietnam War. He also had the foresight to see that US reactions to 9/11 were "beyond anything Osama bin Laden could have hoped for in his nastiest dreams", and that they were eroding freedoms that had made "America the envy of the world".

His focus on realistic portrayals of espionage puts him at the top of his genre - Graham Greene said Le Carre's The Spy Who Came in from the Cold was "the best spy novel I have ever read". It also continues to inspire the genre today, with hugely popular series such as the French programme Le Bureau des Legendes choosing, like Le Carre, to centre stories in reality, not fantasy. Most importantly, Le Carre will be remembered for a lifetime's work that gives the public an accessible but important stake in some of the most secretive corners of today's world.

Stamp duty timeline

December 2014: Former UK finance minister George Osbourne reforms stamp duty, replacing the slab system with a blended rate scheme, with the top rate increasing to 12 per cent from 10 per cent:
Up to £125,000 - 0%; £125,000 to £250,000 – 2%; £250,000 to £925,000 – 5%; £925,000 to £1.5m: 10%; Over £1.5m – 12%

April 2016: New 3% surcharge applied to any buy-to-let properties or additional homes purchased.

July 2020: Rishi Sunak unveils SDLT holiday, with no tax to pay on the first £500,000, with buyers saving up to £15,000.

March 2021: Mr Sunak decides the fate of SDLT holiday at his March 3 budget, with expectations he will extend the perk unti June.

April 2021: 2% SDLT surcharge added to property transactions made by overseas buyers.

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

WHAT ARE NFTs?

     

 

    

 

   

 

Non-fungible tokens (NFTs) are tokens that represent ownership of unique items. They allow the tokenisation of things such as art, collectibles and even real estate.

 

An NFT can have only one official owner at one time. And since they're minted and secured on the Ethereum blockchain, no one can modify the record of ownership, not even copy-paste it into a new one.

 

This means NFTs are not interchangeable and cannot be exchanged with other items. In contrast, fungible items, such as fiat currencies, can be exchanged because their value defines them rather than their unique properties.

 
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."
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

 

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Company profile

Name: Infinite8

Based: Dubai

Launch year: 2017

Number of employees: 90

Sector: Online gaming industry

Funding: $1.2m from a UAE angel investor

HEADLINE HERE
  • I would recommend writing out the text in the body 
  • And then copy into this box
  • It can be as long as you link
  • But I recommend you use the bullet point function (see red square)
  • Or try to keep the word count down
  • Be wary of other embeds lengthy fact boxes could crash into 
  • That's about it
Fixtures and results:

Wed, Aug 29:

  • Malaysia bt Hong Kong by 3 wickets
  • Oman bt Nepal by 7 wickets
  • UAE bt Singapore by 215 runs

Thu, Aug 30: UAE v Nepal; Hong Kong v Singapore; Malaysia v Oman

Sat, Sep 1: UAE v Hong Kong; Oman v Singapore; Malaysia v Nepal

Sun, Sep 2: Hong Kong v Oman; Malaysia v UAE; Nepal v Singapore

Tue, Sep 4: Malaysia v Singapore; UAE v Oman; Nepal v Hong Kong

Thu, Sep 6: Final

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

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m