Here are some facts about Aung San Suu Kyi, the 75-year-old who rode to power after a 2015 landslide election win that established Myanmar's first civilian government in half a century.
Early years abroad
– The daughter of independence hero Aung San, who was assassinated when she was two years old, Ms Suu Kyi spent much of her youth overseas.
– At Oxford University, Ms Suu Kyi met British academic Michael Aris, who would become her husband. They had two sons and settled in Oxford.
1988: Rise to prominence
– In 1988, Ms Suu Kyi returned to Yangon, then the capital, to care for her dying mother. There, she was swept up in student-led protests against the military, which had ruled since a 1962 coup.
– An eloquent public speaker, Ms Suu Kyi was a likely candidate to lead the movement but the protests were crushed, its leaders killed and jailed. She was soon imprisoned in her lakeside family home, where she remained until 2010, despite brief releases from house arrest.
– Ms Suu Kyi made a decision to remain in Myanmar to lead a campaign for democracy. Although the military made it clear she could leave, she feared she would not be allowed to return.
1991: Nobel Peace Prize
– Ms Suu Kyi was awarded the Nobel Peace Prize in 1991, which her elder son Alexander collected on her behalf.
– In August 2011, Ms Suu Kyi had her first meeting with Thein Sein, a former general and, as president at the time, head of the quasi-civilian administration. This marked the start of a pragmatic period of engagement with the government of former soldiers.
2015: Myanmar's leader
– In 2015, Ms Suu Kyi came to power on a platform of ending civil war, drumming up foreign investment, and reducing the army's role in politics. Ms Suu Kyi also promised Western allies she would address the plight of the Rohingya Muslim people, forming an advisory commission headed by Kofi Annan, the former UN secretary-general.
2017: Rohingya crisis
– A day after Mr Annan's report was released in August 2017, advising sweeping changes, Rohingya militants attacked security forces in Rakhine State. The military responded with a campaign that included the torching of hundreds of villages and killings. It was described by the UN human rights high commissioner as "a textbook example of ethnic cleansing."
Ms Suu Kyi blamed "terrorists" for an "iceberg of misinformation" about the crisis and said the military was exercising the "rule of law". In a September 2017 address to the nation, she appeared baffled about the exodus of Rohingyas, saying in reference to refugees: "We want to know why they are leaving."
– She went to The Hague in 2019 to face charges of genocide brought against Myanmar at the International Court of Justice. Ms Suu Kyi acknowledged the possibility war crimes had been committed but framed the crackdown as a legitimate military operation against terrorists.
– In 2020, a survey by election watchdog the People's Alliance for Credible Elections found that 79 per cent of people had trust in Ms Suu Kyi – still beloved as "The Lady" – up from 70 per cent the year before.
2021: Military coup after disputed election
– After a November 2020 parliamentary election, official results show her ruling party, the National League of Democracy , had won enough parliamentary seats to form the next administration. The NLD said it would seek to form a government of national unity.
– After weeks of disputes about the election results involving the military, in the early hours of February 1, Ms Suu Kyi, President Win Myint and other senior figures from the ruling party were detained.
Three trading apps to try
Sharad Nair recommends three investment apps for UAE residents:
- For beginners or people who want to start investing with limited capital, Mr Nair suggests eToro. “The low fees and low minimum balance requirements make the platform more accessible,” he says. “The user interface is straightforward to understand and operate, while its social element may help ease beginners into the idea of investing money by looking to a virtual community.”
- If you’re an experienced investor, and have $10,000 or more to invest, consider Saxo Bank. “Saxo Bank offers a more comprehensive trading platform with advanced features and insight for more experienced users. It offers a more personalised approach to opening and operating an account on their platform,” he says.
- Finally, StashAway could work for those who want a hands-off approach to their investing. “It removes one of the biggest challenges for novice traders: picking the securities in their portfolio,” Mr Nair says. “A goal-based approach or view towards investing can help motivate residents who may usually shy away from investment platforms.”
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 National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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