Myanmar's leader Aung San Suu Kyi arrived on her first visit to conflict-battered northern Rakhine State on Thursday, an unannounced trip to an area that has seen most of its Rohingya Muslim population forced out by an army campaign.
Ms Suu Kyi, a Nobel laureate who leads Myanmar's pro-democracy party, has been heavily lambasted by the international community for failing to use her moral power to speak up in defence of the Rohingya.
Some 600,000 of the stateless minority have fled to Bangladesh since late August, relating accounts of murder, rape and arson at the hands of Myanmar's powerful army, after militant raids sparked a ferocious military retaliation.
The UN says that crackdown can probably be considered tantamount to ethnic cleansing, while pressure has mounted on Myanmar to provide security for the Rohingya and allow people to return home.
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Read more:
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Rohingya refugees risk a dramatic deterioration in situation if aid not stepped up: UN
Sheikh Mohammed bin Rashid orders airlift of additional aid for Rohingya
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In addition to the Rakhine state capital Sittwe, Aung San Suu Kyi is also visiting two of the epicentres of the violence, Maungdaw and Buthidaung, as part of the "one-day trip," government spokesman Zaw Htay said.
It is her first trip in office to northern Rakhine, which has seen some of the worst of the communal violence that has cut through the state since 2012, severely damaging Myanmar's global reputation.
It was not clear if Aung San Suu Kyi would visit some of the hundreds of Rohingya villages torched by the army — allegedly aided by ethnic Rakhine Buddhist locals.
But "The Lady" — as she is known — did meet with Rohingya in Maungdaw, according to local media — a first for a leader keen to convince observers inside the country and abroad that the crisis has abated and reconstruction of Rakhine can begin.
The Rohingya who remain in northern Rakhine are living in fear, surrounded by hostile neighbours, who refuse to let them farm or move freely. On Thursday, the UN again called for unfettered humanitarian access to a zone still under army lockdown. On the same day, 2,500 Rohingya arrived by land at the Bangladesh border, a sign that hunger and fear is still driving people from their homes.
"We were not paid for any work and couldn't go to markets. How long is it possible to live like that?" said one Rohingya refugee.
Aung San Suu Kyi heads a committee charged with rebuilding Rakhine. She was joined on Thursday by businessman Zaw Zaw, one of a host of military "cronies" who thrived under junta rule and are now taking prominent roles in rebuilding the battered region.There are fears a carve-up of contracts in Rakhine by big business will further separate the Rohingya from their land.
The Myanmar leader, who has the title of State Counsellor, says the Rohingya who have fled are now welcome back, if they meet "verification" criteria for re-entry to Myanmar.
The Rohingya are loathed in Buddhist-majority Myanmar, where they are denied citizenship and denigrated as illegal "Bengali" immigrants. Their legal status is at the crux of communal tensions, with ethnic Rakhine Buddhists adamant that Rohingya are foreign interlopers.
A Rohingya resident who has remained in Maungdaw town appealed to Ms Suu Kyi to reconsider foisting a controversial national verification card on the minority. The card grants them limited rights of residence in Myanmar, but does not recognise them as an ethnic group with citizenship.
The Rohingya say it is a bureaucratic attempt to erase their identity and force a shaky legal status onto them in a region where many claim generations of ancestry.
"We cannot do anything with this NVC card, so we do not want to receive it," the resident said, who declined to be identified for fear of reprisals. "We are not Bengalis from Bangladesh, we are Rohingya living here for generations."
Observers say Aung San Suu Kyi has chosen not to criticise the army for fear of a backlash from a powerful institution that controls all security matters.
The plight of the Rohingya garners little sympathy inside Myanmar, making a defence of the minority a politically toxic cause.
The Rohingya have packed into makeshift camps on a poor, already overcrowded slip of border land inside Bangladesh. Aid groups say the risk of major outbreaks of disease is high, while they struggle to deliver food and basic supplies to the unprecedented number of refugees.
Myanmar's army denies abuses in its campaign to flush out Rohingya militants whose attacks in late August sparked the latest round of a festering communal crisis.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
UAE currency: the story behind the money in your pockets
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)
Sour%20Grapes
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How to play the stock market recovery in 2021?
If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.
Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.
Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.
Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).
Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal.
Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.
By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.
As demand for energy fell, the oil and gas industry had a tough year, too.
Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.
He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.”
This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”
Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.
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 chef's advice
Troy Payne, head chef at Abu Dhabi’s newest healthy eatery Sanderson’s in Al Seef Resort & Spa, says singles need to change their mindset about how they approach the supermarket.
“They feel like they can’t buy one cucumber,” he says. “But I can walk into a shop – I feed two people at home – and I’ll walk into a shop and I buy one cucumber, I’ll buy one onion.”
Mr Payne asks for the sticker to be placed directly on each item, rather than face the temptation of filling one of the two-kilogram capacity plastic bags on offer.
The chef also advises singletons not get too hung up on “organic”, particularly high-priced varieties that have been flown in from far-flung locales. Local produce is often grown sustainably, and far cheaper, he says.
Top 10 in the F1 drivers' standings
1. Sebastian Vettel, Ferrari 202 points
2. Lewis Hamilton, Mercedes-GP 188
3. Valtteri Bottas, Mercedes-GP 169
4. Daniel Ricciardo, Red Bull Racing 117
5. Kimi Raikkonen, Ferrari 116
6. Max Verstappen, Red Bull Racing 67
7. Sergio Perez, Force India 56
8. Esteban Ocon, Force India 45
9. Carlos Sainz Jr, Toro Rosso 35
10. Nico Hulkenberg, Renault 26
HUNGARIAN GRAND PRIX RESULT
1. Sebastian Vettel, Ferrari 1:39:46.713
2. Kimi Raikkonen, Ferrari 00:00.908
3. Valtteri Bottas, Mercedes-GP 00:12.462
4. Lewis Hamilton, Mercedes-GP 00:12.885
5. Max Verstappen, Red Bull Racing 00:13.276
6. Fernando Alonso, McLaren 01:11.223
7. Carlos Sainz Jr, Toro Rosso 1 lap
8. Sergio Perez, Force India 1 lap
9. Esteban Ocon, Force India 1 lap
10. Stoffel Vandoorne, McLaren 1 lap
11. Daniil Kvyat, Toro Rosso 1 lap
12. Jolyon Palmer, Renault 1 lap
13. Kevin Magnussen, Haas 1 lap
14. Lance Stroll, Williams 1 lap
15. Pascal Wehrlein, Sauber 2 laps
16. Marcus Ericsson, Sauber 2 laps
17r. Nico Huelkenberg, Renault 3 laps
r. Paul Di Resta, Williams 10 laps
r. Romain Grosjean, Haas 50 laps
r. Daniel Ricciardo, Red Bull Racing 70 laps
Company%C2%A0profile
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Company name: Farmin
Date started: March 2019
Founder: Dr Ali Al Hammadi
Based: Abu Dhabi
Sector: AgriTech
Initial investment: None to date
Partners/Incubators: UAE Space Agency/Krypto Labs
Everton%20Fixtures
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