North Korea conducted its 10th missile test of the year on Wednesday, launching an “unknown projectile” from an airfield near the capital Pyongyang, according to South Korea, who said the test failed.
Analysts said the missile might have been a Hwasong-17 intercontinental ballistic missile, known as the monster missile, which is feared to be capable of carrying more than one nuclear warhead, if effective.
The nuclear-armed regime of Kim Jong-un has conducted a series of tests in recent months, including hypersonic missiles that can fly at five times the speed of sound.
In the third hypersonic test this year, on January 13, Pyongyang tested a “boost glide” hypersonic vehicle, which apparently hit a target 1,000 kilometres away.
Analysts are sceptical about how effective these weapons – which are highly experimental – actually are. Some scientists claim the extreme heat from air friction caused by drag at such speeds could make the weapons highly unstable, possibly rendering targeting systems ineffective.
These problems are a challenge for China and the US, raising further doubts that Mr Kim's much smaller military has the funding or expertise to effectively use the weapons.
The tests are nonetheless widely condemned for raising tensions on the heavily militarised Korean Peninsula.
The US has accused North Korea of “seeking attention” with the testing, in the words of US Secretary of State Antony Blinken. Few believe tests are a lead-up to a new war with South Korea. The last ended in 1953, leaving decades of simmering tensions and fears that a new conflict could kill millions.
Tests continued during lulls in tension, such as the summits between Mr Kim and Donald Trump and after Joe Biden's inauguration, and low points – including a threat by Mr Trump to destroy North Korea in a “sea of fire”, and North Korean threats to fire a nuclear weapon at the US.
Below is a timeline of recent tests and tensions, excluding earlier leaps in North Korea's missile development in the 1990s.
2017
July 4-28 North Korea test fires the Hwasong-14 intercontinental ballistic missile (ICBM), with a claimed operational range of up to 10,000km.
August 8 US President Donald Trump warns North Korea that it might face “fire and fury”.
August 29 North Korea fires Hwasong-12 intermediate range ballistic missile (IRBM) with a claimed operational range of nearly 800km.
September 3 North Korea carries out its sixth nuclear test, saying it has mastered hydrogen bomb technology.
September 14 North Korea fires a Hwasong-12 IRBM.
September 23 US B-1B bomber flies over the Korean Demilitarised Zone.
November 29 North Korea test fires Hwasong-15 ICBM, capable of reaching the entire United States, and declares it has become a nuclear power.
2018
April 27 North Korea’s Mr Kim and South Korean President Moon Jae-in meet for first inter-Korean summit in more than a decade, pledging to work for “complete denuclearisation of the Korean Peninsula”. They meet again in May and September.
June 12 Mr Kim and Donald Trump hold their first summit, in Singapore, agreeing to denuclearisation of the Korean Peninsula in exchange for US security guarantees.
September 9 North Korea displays ICBMs at military parade.
2019
February 28 Mr Trump and Mr Kim end their second summit in the Vietnamese capital of Hanoi without an agreement owing to differences over demands by Pyongyang for sanctions relief.
May 4 Mr Kim supervises tests of rockets and a new short-range ballistic missile (SRBM) in first such tests since the November 2017 ICBM launch.
May 9 North Korea fires two KN-23 SRBMs, or submarine-launched ballistic missiles, something analysts call a significant step in capability.
May 10 Mr Trump said he did not consider the North’s missile tests a “breach of trust,” calling it “standard stuff”.
July 23 Mr Kim inspects a large, new submarine, possibly designed for SLBMs.
July 25 North Korea launches KN-23 SRBMs.
August 2 North Korea fires two more KN-23 SRBMs; Mr Trump says the tests do not breach his agreement with Mr Kim.
August 6, 10, 16 North Korea fires more KN-23 and tactical missiles.
August 24 Mr Kim oversees the test of a new “super-large” multiple launch rocket system (MLRS).
September 10 North Korea tests “super-large” MLRS.
October 2 North Korea test-fires new Pukguksong-3 SLBMs.
October 31 North Korea tests the “super-large” MLRS.
2020
January 1 Mr Kim vows to further develop nuclear programmes and introduce a “new strategic weapon”.
March 3, 9, 14 North Korea tests MLRS and short-range missiles.
March 21 Mr Kim supervises test of new tactical guided weapon; Mr Trump sends letter to Kim offering help on the new coronavirus.
March 29 North Korea tests “super-large” MLRS.
October 3 Mr Kim sends a get-well message to Mr Trump who tested positive for Covid-19.
October 10 North Korea unveils a new ICBM and SLBM at a military parade.
October 22 Mr Trump says he has a very good relationship with Mr Kim and stopped war; Joe Biden likens Mr Kim to Nazi Germany’s Adolf Hitler and calls him a “thug”.
2021
March 21 North Korea conducts two cruise missile tests, the first during Mr Biden’s presidency.
August 27 The IAEA says North Korea is again producing plutonium that could be used in nuclear weapons.
September 13 North Korea announces successful cruise missile tests.
2022
January North Korea conducts a flurry of tests, launching what analysts call “boost glide” hypersonic vehicles. Japan condemns the tests as "extremely regrettable".
February 27 North Korea launches ballistic missile over Sea of Japan, claiming test is for launching reconnaissance satellite.
March 16 North Korea test launches "unknown projectile" from military airfield.
The five pillars of Islam
Paltan
Producer: JP Films, Zee Studios
Director: JP Dutta
Cast: Jackie Shroff, Sonu Sood, Arjun Rampal, Siddhanth Kapoor, Luv Sinha and Harshvardhan Rane
Rating: 2/5
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Pari
Produced by: Clean Slate Films (Anushka Sharma, Karnesh Sharma) & KriArj Entertainment
Director: Prosit Roy
Starring: Anushka Sharma, Parambrata Chattopadhyay, Ritabhari Chakraborty, Rajat Kapoor, Mansi Multani
Three stars
UAE currency: the story behind the money in your pockets
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
KILLING OF QASSEM SULEIMANI
The specs
Engine: 2.0-litre four-cylinder turbo
Power: 268hp at 5,600rpm
Torque: 380Nm at 4,800rpm
Transmission: CVT auto
Fuel consumption: 9.5L/100km
On sale: now
Price: from Dh195,000
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."
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Contracted list
Ashton Agar, Alex Carey, Pat Cummins, Aaron Finch, Peter Handscomb, Josh Hazlewood, Travis Head, Usman Khawaja, Nathan Lyon, Glenn Maxwell, Shaun Marsh, Mitchell Marsh, Tim Paine, Matt Renshaw, Jhye Richardson, Kane Richardson, Billy Stanlake, Mitchell Starc, Marcus Stoinis, Andrew Tye.
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
THE 12 BREAKAWAY CLUBS
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.