• Rescuers evacuate villagers from the flooded Korora village, west of Guwahati, in India's Assam state. AP
    Rescuers evacuate villagers from the flooded Korora village, west of Guwahati, in India's Assam state. AP
  • Deadly floods have hit Bangladesh and India, submerging the homes of at least two million people in Assam alone. AP
    Deadly floods have hit Bangladesh and India, submerging the homes of at least two million people in Assam alone. AP
  • People prepare to leave a boat after being evacuated from a flooded area on the outskirts of Sylhet, Bangladesh. AFP
    People prepare to leave a boat after being evacuated from a flooded area on the outskirts of Sylhet, Bangladesh. AFP
  • People wade along a road in a flooded area following heavy monsoon rainfalls on the outskirts of Sylhet on June 17, 2022. - Bangladesh has deployed troops to help two million people stranded by floods after relentless monsoon rains inundated huge swathes of territory for the second time in weeks, officials said on June 17. (Photo by AFP)
    People wade along a road in a flooded area following heavy monsoon rainfalls on the outskirts of Sylhet on June 17, 2022. - Bangladesh has deployed troops to help two million people stranded by floods after relentless monsoon rains inundated huge swathes of territory for the second time in weeks, officials said on June 17. (Photo by AFP)
  • Soldiers push a boat during a rescue operation in Sylhet. Bangladesh has sent troops to help about two million people stranded by the floods. AFP
    Soldiers push a boat during a rescue operation in Sylhet. Bangladesh has sent troops to help about two million people stranded by the floods. AFP
  • A woman looks out from the entrance of her flooded home in Kampur, Assam. AFP
    A woman looks out from the entrance of her flooded home in Kampur, Assam. AFP
  • Workers use a pump to remove water from a flooded road in Guwahati. AP
    Workers use a pump to remove water from a flooded road in Guwahati. AP
  • A man carries his child as he wades through floodwaters on a road in Guwahati. AP
    A man carries his child as he wades through floodwaters on a road in Guwahati. AP

Millions left homeless by floods in India and Bangladesh


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Dozens of people have died in floods across north-eastern India and Bangladesh that have submerged millions of homes.

In India’s Assam, at least nine people died in the floods and the homes of about two million others were submerged, the state disaster management agency said.

Lightning strikes had killed at least 21 people in Bangladesh since Friday afternoon, police officials said.

Among them were three children aged between 12 and 14, who were struck by lightning in the rural town of Nandail, local police chief Mizanur Rahman told AFP.

He said four other people were killed when landslides hit their hillside homes in the port city of Chittagong.

Both countries have asked their militaries to help amid the severe flooding, which could worsen because rains are expected to continue at the weekend.

The Brahmaputra, one of Asia’s largest rivers, breached its mud embankments, inundating 3,000 villages and farmland in 28 of Assam’s 33 districts.

“We expect moderate to heavy rainfall in several parts of Assam till Sunday. The volume of rainfall has been unprecedented,” said Sanjay O’Neil, an official at the meteorological station in Guwahati, Assam’s capital.

Several train services were cancelled in India amid incessant rains over the past five days. In southern Assam’s Haflong town, the railway station was under water and flooded rivers deposited mud and silt along the tracks.

India’s army has been asked to help other disaster response agencies rescue stranded people and provide food and essentials to those whose houses were submerged.

“We are using speedboats and inflatable rafts to rescue flood-hit people,” an army official said.

After waiting whole day on the roof of our home, a neighbour rescued us with a makeshift boat. My mother said she has never seen such floods in her entire life
Lokman,
resident of Companyganj village in Sylhet, Bangladesh

In Bangladesh, districts near the Indian border have been the most affected.

The flood forecasting and warning centre in Dhaka, the capital, said water levels in all major rivers across the country were rising. The country has about 130 rivers.

The centre said the flood situation was likely to deteriorate in the worst-hit Sunamganj and Sylhet districts in the north-eastern region as well as in Lalmonirhat, Kurigram, Nilphamari and Rangpur districts in northern Bangladesh.

Authorities sent troops to evacuate households cut off from neighbouring communities after relentless downpours over the past week, while schools have been turned into relief shelters to house entire villages inundated in a matter of hours by rivers that suddenly burst their banks.

"The whole village went under water by early Friday and we all got stranded," said Lokman, a resident of Companyganj village in Sylhet district.

"After waiting whole day on the roof of our home, a neighbour rescued us with a makeshift boat. My mother said she has never seen such floods in her entire life," he told AFP.

Asma Akter, another person rescued from the rising waters, said her family had not been able to eat for two days.

"The water rose so quickly we couldn't bring any of our things," she said. "And how can you cook anything when everything is underwater?"

Flooding in Sylhet worsened on Saturday morning after a temporary reprieve from the rains the previous afternoon, chief administrator Mosharraf Hossain told AFP.

"The situation is bad. More than four million people have been stranded by flood water," Mr Hossain said, adding that nearly the entire region was without electricity.

Flight operations at the Osmani International Airport in Sylhet have been suspended for three days as floodwaters have almost reached the runway, said Hafiz Ahmed, the airport manager.

Last month, a pre-monsoon flash flood, triggered by an onrush of water from upstream in India’s north-eastern states, hit Bangladesh’s northern and north-eastern regions, destroying crops and damaging homes and roads. The country was only starting to recover from that shock when fresh rains flooded the same areas again this week.

Bangladesh, a nation of 160 million people, is low-lying and faces threats from climate change-related natural disasters such as floods and cyclones.

About 17 per cent of people in Bangladesh will need to be relocated over the next decade or so if global warming persists at the present rate, the UN’s Intergovernmental Panel on Climate Change has said.

With reporting from agencies.

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What is the FNC?

The Federal National Council is one of five federal authorities established by the UAE constitution. It held its first session on December 2, 1972, a year to the day after Federation.
It has 40 members, eight of whom are women. The members represent the UAE population through each of the emirates. Abu Dhabi and Dubai have eight members each, Sharjah and Ras al Khaimah six, and Ajman, Fujairah and Umm Al Quwain have four.
They bring Emirati issues to the council for debate and put those concerns to ministers summoned for questioning. 
The FNC’s main functions include passing, amending or rejecting federal draft laws, discussing international treaties and agreements, and offering recommendations on general subjects raised during sessions.
Federal draft laws must first pass through the FNC for recommendations when members can amend the laws to suit the needs of citizens. The draft laws are then forwarded to the Cabinet for consideration and approval. 
Since 2006, half of the members have been elected by UAE citizens to serve four-year terms and the other half are appointed by the Ruler’s Courts of the seven emirates.
In the 2015 elections, 78 of the 252 candidates were women. Women also represented 48 per cent of all voters and 67 per cent of the voters were under the age of 40.
 

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 President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

UAE currency: the story behind the money in your pockets

The Saga Continues

Wu-Tang Clan

(36 Chambers / Entertainment One)

MATCH INFO

Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')

Man of the match Son Heung-min (Tottenham)

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Need to know

The flights: Flydubai flies from Dubai to Kilimanjaro airport via Dar es Salaam from Dh1,619 return including taxes. The trip takes 8 hours. 

The trek: Make sure that whatever tour company you select to climb Kilimanjaro, that it is a reputable one. The way to climb successfully would be with experienced guides and porters, from a company committed to quality, safety and an ethical approach to the mountain and its staff. Sonia Nazareth booked a VIP package through Safari Africa. The tour works out to $4,775 (Dh17,538) per person, based on a 4-person booking scheme, for 9 nights on the mountain (including one night before and after the trek at Arusha). The price includes all meals, a head guide, an assistant guide for every 2 trekkers, porters to carry the luggage, a cook and kitchen staff, a dining and mess tent, a sleeping tent set up for 2 persons, a chemical toilet and park entrance fees. The tiny ration of heated water provided for our bath in our makeshift private bathroom stall was the greatest luxury. A standard package, also based on a 4-person booking, works out to $3,050 (Dh11,202) per person.

When to go: You can climb Kili at any time of year, but the best months to ascend  are  January-February and September-October.  Also good are July and August, if you’re tolerant of the colder weather that winter brings.

Do not underestimate the importance of kit. Even if you’re travelling at a relatively pleasant time, be geared up for the cold and the rain.

UAE currency: the story behind the money in your pockets
SCHEDULE

December 8: UAE v USA (Sharjah Cricket Stadium)

December 9: USA v Scotland (Sharjah Cricket Stadium)

December 11: UAE v Scotland (Sharjah Cricket Stadium)

December 12: UAE v USA (ICC Academy Oval 1)

December 14: USA v Scotland (ICC Academy Oval 1)

December 15: UAE v Scotland (ICC Academy Oval 1)

All matches start at 10am

 

MATHC INFO

England 19 (Try: Tuilagi; Cons: Farrell; Pens: Ford (4)

New Zealand 7 (Try: Savea; Con: Mo'unga)

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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Updated: June 18, 2022, 9:38 AM