PHILADELPHIA // US president Barack Obama may have helped to raise awareness of the nuclear weapons threat with the recent Nuclear Security Summit, but what is really needed now is action on the issue, analysts say.
The leaders of more than 50 countries attending the two-day summit in Washington, DC agreed to step up vigilance to prevent nuclear material from falling into the hands of terrorists.
Yet with Mr Obama, the architect of the summit, leaving office in January 2017, the future of the biennial gathering is in doubt. Some media reports called this year’s summit, which ended on Friday, the final one.
Toby Dalton, co-director of the nuclear policy programme at the Carnegie Endowment for International Peace, a DC-based think tank, said that none of the current crop of US presidential candidates seem to consider nuclear security a high priority.
"That does raise questions about the sustainability of [the Nuclear Security Summit], but the focus ought now to be on implementation, rather than ... high-level summits," he told The National.
When Mr Obama hosted the first Nuclear Security Summit in 2010, its stated aim was to institute safeguards that protect all the vulnerable nuclear material in the world.
“There have been a number of assessments of the progress made toward the summit’s objectives, most of which conclude that it has come up short,” Mr Dalton said.
“That is true, but misses the point that the function of the summits was first and foremost to raise awareness and force bureaucracies to take the threat seriously.”
The shadow of the recent ISIL attacks in Brussels, in which 32 people died, hung palpably over this year’s summit, with Mr Obama referring to the extremists as “madmen.”
Reports that ISIL “scoped out nuclear facilities and personnel in Belgium ... clearly demonstrates the intention to conduct an attack on such a facility”, Mr Dalton said. “This is deeply concerning, and should add urgency” to the promises made at the summit.
During a special session of the summit on ISIL, Mr Obama called upon countries to halt the flow of foreign combatants joining the group in Iraq and Syria.
He said that since 2010, “our nations have made it much harder for terrorists to get their hands on nuclear materials. We have measurably reduced risks”. But around 2,000 tonnes of such material still remain stored around the world, and “not all of this is properly secured”, he added.
Other leaders also warned of the threat posed by terrorists obtaining nuclear materials, including Indian prime minister Narendra Modi.
“Terror has evolved,” Mr Modi said on Thursday. “Terrorists are using 21st century technology. But our responses are rooted in the past.”
“State actors are working with nuclear traffickers, and terrorists present the greatest risk,” he added, referring to rogue governments feeding nuclear material into trafficking channels that can be accessed by terrorists.
On Friday an Indian spokesman announced that India would contribute US$1 million (Dh3.7m) to the nuclear security fund, a reserve of voluntary donations that finances activities to safeguard nuclear materials.
He said India would also join three groups established by the summit that focus on countering nuclear smuggling, nuclear security education, and monitoring the progress of states’ commitments to nuclear security. Membership of these groups is open to any country.
“These are important signals of India’s determination at the political level, but it isn’t clear as yet how they translate into concrete action back home,” Mr Dalton said.
“Among the key steps that India should take to demonstrate that it takes the NSS commitments seriously, understands the threat, and is committed to stronger practices, is to engage with the International Atomic Energy Agency in a peer review process,” he added. “This is considered best practice in the field and India is late in assuming this responsibility.”
India allows IAEA inspectors to survey its civilian nuclear sites but not its military ones, citing national security.
SSubramanian@thenational.ae
Essentials
The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.
Museum of the Future in numbers
- 78 metres is the height of the museum
- 30,000 square metres is its total area
- 17,000 square metres is the length of the stainless steel facade
- 14 kilometres is the length of LED lights used on the facade
- 1,024 individual pieces make up the exterior
- 7 floors in all, with one for administrative offices
- 2,400 diagonally intersecting steel members frame the torus shape
- 100 species of trees and plants dot the gardens
- Dh145 is the price of a ticket
Nancy 9 (Hassa Beek)
Nancy Ajram
(In2Musica)
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
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The Breadwinner
Director: Nora Twomey
Starring: Saara Chaudry, Soma Chhaya, Laara Sadiq
Three stars
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby