Follow the latest on the earthquake in Turkey
Thousands of volunteers provided a vital helping hand in Abu Dhabi and Dubai on Saturday for people affected by the earthquake in Turkey and Syria.
Volunteers from all nationalities packed into boxes vital supplies such as dry food, blankets and toothpaste for survivors of the disaster, at Abu Dhabi National Exhibition Centre and Expo City Dubai’s exhibition centre.
The UAE initiative — called “Bridges of Giving” was organised by the Emirates Red Crescent and supported by several other charitable organisations, such as Dubai Cares and Sharjah International Charity.
“I found out about this initiative through the UAE volunteers app, and registered online right away, ” said Nazia Afrin, a student at Abu Dhabi University, who took part in the event in the capital.
“ I then rallied my friends to sign up as well and take part.”
Syrian citizen Reem Al Azem drive down from Dubai, after she couldn't register on Dubai cares website, due to the overwhelming number of volunteer applicants.
“I needed to give back somehow. thankfully, my family is safe as they live closer to Damascus, but we are all feeling the sense of urgency to send out whatever help and aid we can, ” Ms Al Azem said.
Among the volunteers, was a row of tables set up for young students of the British International School Abu Dhabi, who were sending out postcards to the children affected by the earthquake, filled with words of love and encouragement.
“ We are very fortunate that our young students are always keen to support those in need,” said Bisad's principal Liam Cullinan.
“It's part of their DNA.”
Catherine Lester and her eight-year-old daughter Alexandra were filling out many postcard, with Alexandra drawing big red hearts all over.
“As a United Nations employee, I make sure that my daughter understands from a young age, there are many people out there who will always need our help and support,' said Ms Lester.
“Alexandra is quite occupied right now with sending love hearts to them.”
Soon after 10am, the halls were overcrowded by volunteers prompting the ERC to establish a new plan to ensure that every one had a part to play.
“With five large assembly lines in place in one of Adnec's halls, we decided to let 10-15 people work on each line and package about 50 boxes and then leave, to give other volunteers to participate in the packing efforts,” said Hamoud Al Junaibi, ERC's Secretary-General.
Palestinian Rasha Khalil said this volunteer campaign brought back so many memories of the UAE always at the forefront of setting up aid initiatives to give support and aid to those suffering in the region.
Envoys hail UAE support
Dr Hamdan Al Mazrouei, chairman of the board of directors of ERC was seen on the floor of the packaging site, along with Tugay Tuncer, Turkey's Ambassador to the UAE and Syrian charges d’affairs, Ghassan Abbas.
Mr Tuncer thanked the leaders of the UAE and the government have been leading in relief efforts.
“The UAE has done so much from the very first day, and has been one of the very first countries to respond, Today, I witnessed another form of support with all these volunteers, its quite emotional.”
“For Turkey to feel this support its very important.”
Helpers descend on Dubai
Organisers at Expo City Dubai were grateful for the huge outpouring of support.
From 9am, volunteers waited to enter the halls where organisers set up several assembly lines.
Five were dedicated to food and two more for hygiene items and winter clothing. Each box moved down the line, was filled and then stacked on crates. From there they were sent to warehouses before being shipped to Turkey and Syria.
“I feel the pain of the people and I wanted to come,” said Zahida Sattar, one of the volunteers.
“It is a good cause and I brought my daughter to help as well. This will reach the right people at the right time. It is about helping one another.”
Officials plan to send an equal amount to both countries and figures for how many boxes were packed are expected to be announced later.
“It is a very special cause,” said another volunteer, Anu Telikicherla. “It could happen to anyone, anywhere. It is part of humanity to help one another.”
The packing drive was scheduled only for Saturday but over the next two weeks ERC is spearheading a donation campaign to further assist those affected. Members of the public can donate on the ERC website.
“People have come here from the early morning so they are supporting and are giving,” said Rashed Ali Alyammahi, the head of the ERC's fund-raising department. “It is a challenge but we have the manpower. We call on people to help and give. This is the need.”
Other volunteers spoke about how emotionally affected they were at seeing what has happened in Turkey and Syria and how inspiring it was to see volunteers come out.
There was also a corner where children could write messages of solidarity to those affected with notes appearing in Turkish, Arabic and English. “The UAE is praying for you,” stated one, while another went: Hello Syria and Turkey, we are with you, all of the world are with you.”
More than 23,000 people have been killed in Turkey and Syria and rescue efforts are continuing.
Abdulla Al Shehhi, chief operating officer of Dubai Cares, said the response from the UAE community had been “overwhelming” but this was not a surprise.
“The number of registrations for volunteers closed within an hour because of numbers interested,” he said. “We had to open more spots for people to come.”
“It is a huge crisis in two countries. Every day there are new statistics for numbers of missing or dead. This is a real devastation.”
Saturday’s drive was part of the UAE's large response to assist. Authorities have sent field hospitals, dispatched aid and flown expert rescue teams to the affected areas. People were still arriving to help in Dubai hours after the doors opened determined to do whatever they could top assist those most in need.
“I like the whole spirit of Dubai coming together as a community,” said Ms Telikicherla. “This is the least that I can do. My girl goes to an international school, where her best friend is from Turkey. It is our way of giving back.”
Emirati search and rescue teams continue search for earthquake survivors — in pictures
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
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Results
5pm: Maiden (PA) Dh80,000 (Turf) 1,200m, Winner: ES Rubban, Antonio Fresu (jockey), Ibrahim Aseel (trainer)
5.30pm: Handicap (PA) Dh85,000 (T) 1,200m, Winner: Al Mobher, Sczcepan Mazur, Ibrahim Al Hadhrami
6pm: Handicap (PA) Dh80,000 (T) 2,200m, Winner: Jabalini, Tadhg O’Shea, Ibrahim Al Hadhrami
6.30pm: Wathba Stallions Cup (PA) Dh70,000 (T) 2,200m, Winner: AF Abahe, Tadgh O’Shea, Ernst Oertel
7pm: Handicap (PA) Dh85,000 (T) 1,600m, Winner: AF Makerah, Tadhg O’Shea, Ernst Oertel
7.30pm: Maiden (TB) Dh80,000 (T) 1,600m, Winner: Law Of Peace, Tadhg O’Shea, Satish Seemar
Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
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UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures and results:
Monday, UAE won by three wickets
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
Find the right policy for you
Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.
Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.
Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.
Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.
If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.
Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.
Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”
ONCE UPON A TIME IN GAZA
Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi
Directors: Tarzan and Arab Nasser
Rating: 4.5/5
Know your Camel lingo
The bairaq is a competition for the best herd of 50 camels, named for the banner its winner takes home
Namoos - a word of congratulations reserved for falconry competitions, camel races and camel pageants. It best translates as 'the pride of victory' - and for competitors, it is priceless
Asayel camels - sleek, short-haired hound-like racers
Majahim - chocolate-brown camels that can grow to weigh two tonnes. They were only valued for milk until camel pageantry took off in the 1990s
Millions Street - the thoroughfare where camels are led and where white 4x4s throng throughout the festival
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