The Olympics rings are seen on a fence in front of the Russian Olympic Committee building in Moscow, Russia, Sunday, July 24, 2016. The IOC has decided against a complete ban on Russian athletes from the Olympics in Rio de Janeiro. Pavel Golovkin / AP Photo
The Olympics rings are seen on a fence in front of the Russian Olympic Committee building in Moscow, Russia, Sunday, July 24, 2016. The IOC has decided against a complete ban on Russian athletes from the Olympics in Rio de Janeiro. Pavel Golovkin / AP Photo
The Olympics rings are seen on a fence in front of the Russian Olympic Committee building in Moscow, Russia, Sunday, July 24, 2016. The IOC has decided against a complete ban on Russian athletes from the Olympics in Rio de Janeiro. Pavel Golovkin / AP Photo
The Olympics rings are seen on a fence in front of the Russian Olympic Committee building in Moscow, Russia, Sunday, July 24, 2016. The IOC has decided against a complete ban on Russian athletes from

Rio 2016: Boycotts and bans – a look back at countries who pulled out previously


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Banning Russia wholesale from competing at the Olympic Games would have been a momentous decision – Russia, and the former Soviet Union as it was, is among the leading Olympic nations in terms of medals. But it would not have been the first time the Summer Games have been hit by the absence of a major nation.

Melbourne 1956

Egypt, Lebanon and Iraq pulled out from the Games in protest at the presence of British, French and Israeli athletes. This was in response to the Suez Crisis. The presence of the Soviet Union also led to boycotts by Spain, Netherlands and Switzerland. They were protesting the involvement of the Soviet Union in the ending of the Hungarian revolution. China also pulled out late because of the presence of Taiwan as a competing country.

Tokyo 1964

The IOC has not always been unafraid to make big calls. In 1964 it withdrew its invitation to South Africa because the government refused to condemn its apartheid policies. The South African delegation of 62 athletes included seven non-whites, but the IOC felt that did not go far enough, instead demanding that South Africa publicly renounce all forms of racial discrimination. It did not happen and South Africa did not return to the Games until the 1992 Olympics in Barcelona.

Montreal 1976

South Africa was still barred but the stench of apartheid refused to leave the Games. In protest at the presence of New Zealand, whose rugby union team were at the time touring South Africa, 25 African countries pulled out of the Olympics. These included Libya, Iraq, Kenya, Algeria and Nigeria, among others. Several of the countries had already travelled to Montreal, only to return home before the opening ceremony.

Moscow 1980 & Los Angeles 1984

The highest-profile boycotts the Games have ever suffered, with the US boycotting the first and the Soviet Union reciprocating four years later. The Soviet invasion of Afghanistan in 1979 upped the ante in the Cold War, leading to the US, West Germany, Japan, China and Canada to boycott the 1980 Games entirely. Other countries, such as the UK, left it to their athletes to decide whether or not to travel. Four years later, the Soviet decision to not go to LA was copied by 14 of its Eastern Bloc allies of the time, including East Germany, Bulgaria, Poland and Czechoslovakia.

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How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

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

Company%20profile
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The biog

Year of birth: 1988

Place of birth: Baghdad

Education: PhD student and co-researcher at Greifswald University, Germany

Hobbies: Ping Pong, swimming, reading

 

 

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

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.

The Sky Is Pink

Director: Shonali Bose

Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf

Three stars

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

NATIONAL%20SELECTIONS
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Who has been sanctioned?

Daniella Weiss and Nachala
Described as 'the grandmother of the settler movement', she has encouraged the expansion of settlements for decades. The 79 year old leads radical settler movement Nachala, whose aim is for Israel to annex Gaza and the occupied West Bank, where it helps settlers built outposts.

Harel Libi & Libi Construction and Infrastructure
Libi has been involved in threatening and perpetuating acts of aggression and violence against Palestinians. His firm has provided logistical and financial support for the establishment of illegal outposts.

Zohar Sabah
Runs a settler outpost named Zohar’s Farm and has previously faced charges of violence against Palestinians. He was indicted by Israel’s State Attorney’s Office in September for allegedly participating in a violent attack against Palestinians and activists in the West Bank village of Muarrajat.

Coco’s Farm and Neria’s Farm
These are illegal outposts in the West Bank, which are at the vanguard of the settler movement. According to the UK, they are associated with people who have been involved in enabling, inciting, promoting or providing support for activities that amount to “serious abuse”.

The specs

Engine: 1.5-litre, 4-cylinder turbo

Transmission: CVT

Power: 170bhp

Torque: 220Nm

Price: Dh98,900