A blue whale off the coast of Sri Lanka. Getty
A blue whale off the coast of Sri Lanka. Getty
A blue whale off the coast of Sri Lanka. Getty
A blue whale off the coast of Sri Lanka. Getty

UN members reach historic ocean treaty to protect marine environment


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UN member states have reached agreement on the first international treaty to protect the high seas following years of talks, a step that environmental groups say will help reverse marine biodiversity losses and ensure sustainable development.

“The ship has reached the shore,” conference chair Rena Lee announced at the UN headquarters in New York on Saturday night, drawing loud and lengthy applause from delegates.

The announcement came at the end of the third so-called final negotiating session in less than a year, and more than 15 years of discussions, including four years of formal talks, on the long-awaited pact.

The treaty is seen as essential to conserving 30 per cent of the world's land and ocean by 2030, as agreed by world governments in a historic accord signed in Montreal last year.

The exact wording of the text was not immediately released but activists hailed it as a breakthrough moment for the protection of biodiversity.

“This is a historic day for conservation and a sign that in a divided world, protecting nature and people can triumph over geopolitics,” said Laura Meller of the Greenpeace environmental group.

The final text of the treaty, agreed up on after two weeks of intense talks, including a marathon overnight session into Saturday, cannot now be significantly altered.

“There will be no reopening or discussions of substance,” Ms Lee told negotiators.

The agreement will be formally adopted once it has been vetted by lawyers and translated into the United Nations' six official languages, she said.

Ms Meller called for countries to formally adopt the treaty and ratify it as quickly as possible to bring it into force, “and then deliver the fully protected ocean sanctuaries our planet needs”.

“The clock is still ticking to deliver 30 by 30. We have half a decade left, and we can't be complacent,” she said.

The high seas begin at the border of countries' exclusive economic zones, which extend up to 200 nautical miles, 370km, from coastlines, and therefore fall under the jurisdiction of no country.

Even though the high seas comprise more than 60 per cent of the world's oceans and about half the planet's surface, they have long drawn far less attention than coastal waters and a few well known species.

Ocean ecosystems create half the oxygen humans breathe and limit global warming by absorbing much of the carbon dioxide emitted by human activities.

But they are threatened by climate change, pollution and overfishing.

Only about one per cent of the high seas are currently protected.

When the new treaty comes into force it will allow the creation of marine protected areas in these international waters.

“High seas marine protected areas can play a critical role in building resilience to the impact of climate change,” said Liz Karan of The Pew Charitable Trusts, which called the agreement a “momentous achievement”.

The treaty will also oblige countries to conduct environmental impact assessments of proposed activities on the high seas.

A highly sensitive chapter on the sharing of potential benefits of newly discovered marine resources was one of the focal points of tensions that was finally overcome in the final hours of negotiation.

Developing countries, without the means to afford costly research, had fought not to be excluded from the expected windfall from the commercialisation of substances discovered in the international waters.

Eventual profits are likely from the pharmaceutical, chemical or cosmetic use of newly discovered marine substances that belong to no one.

As in other international forums, notably climate negotiations, the debate ended up being a question of ensuring equity between the poorer global South and richer North, observers noted.

In a move seen as an attempt to build trust between rich and poor countries, the EU pledged $42 million in New York to enable the ratification of the treaty and its early implementation.

The EU also announced $860 million for research, monitoring and conservation of oceans in 2023 at the Our Ocean conference in Panama that ended Friday. Panama said a total of $19 billion was pledged by countries.

In 2017, the UN General Assembly adopted a resolution calling on nations to establish a high seas treaty.

It originally planned four negotiating sessions but had to pass two resolutions to ensure two additional sessions.

“We can now finally move from talk to real change at sea,” Ms Meller said.

Greenpeace says 11 million square kilometres of ocean needs to be put under protection every year to meet the 30 by 30 target.

With reporting from agencies

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The biog

Place of birth: Kalba

Family: Mother of eight children and has 10 grandchildren

Favourite traditional dish: Al Harees, a slow cooked porridge-like dish made from boiled cracked or coarsely ground wheat mixed with meat or chicken

Favourite book: My early life by Sheikh Dr Sultan bin Muhammad Al Qasimi, the Ruler of Sharjah

Favourite quote: By Sheikh Zayed, the UAE's Founding Father, “Those who have no past will have no present or future.”

Fight card

1. Bantamweight: Victor Nunes (BRA) v Siyovush Gulmamadov (TJK)

2. Featherweight: Hussein Salim (IRQ) v Shakhriyor Juraev (UZB)

3. Catchweight 80kg: Rashed Dawood (UAE) v Khamza Yamadaev (RUS)

4. Lightweight: Ho Taek-oh (KOR) v Ronald Girones (CUB)

5. Lightweight: Arthur Zaynukov (RUS) v Damien Lapilus (FRA)

6. Bantamweight: Vinicius de Oliveira (BRA) v Furkatbek Yokubov (RUS)

7. Featherweight: Movlid Khaybulaev (RUS) v Zaka Fatullazade (AZE)

8. Flyweight: Shannon Ross (TUR) v Donovon Freelow (USA)

9. Lightweight: Mohammad Yahya (UAE) v Dan Collins (GBR)

10. Catchweight 73kg: Islam Mamedov (RUS) v Martun Mezhulmyan (ARM)

11. Bantamweight World title: Jaures Dea (CAM) v Xavier Alaoui (MAR)

12. Flyweight World title: Manon Fiorot (FRA) v Gabriela Campo (ARG)

Napoleon
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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

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The Pope's itinerary

Sunday, February 3, 2019 - Rome to Abu Dhabi
1pm: departure by plane from Rome / Fiumicino to Abu Dhabi
10pm: arrival at Abu Dhabi Presidential Airport


Monday, February 4
12pm: welcome ceremony at the main entrance of the Presidential Palace
12.20pm: visit Abu Dhabi Crown Prince at Presidential Palace
5pm: private meeting with Muslim Council of Elders at Sheikh Zayed Grand Mosque
6.10pm: Inter-religious in the Founder's Memorial


Tuesday, February 5 - Abu Dhabi to Rome
9.15am: private visit to undisclosed cathedral
10.30am: public mass at Zayed Sports City – with a homily by Pope Francis
12.40pm: farewell at Abu Dhabi Presidential Airport
1pm: departure by plane to Rome
5pm: arrival at the Rome / Ciampino International Airport

The Details

Kabir Singh

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Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

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New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
  • Shortened leave to remain - refugees will receive 30 months instead of five years
  • A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
  • To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
  • Under core protection there will be no automatic right to family reunion
  • Refugees will have a reduced right to public funds
Updated: March 06, 2023, 7:59 AM