North Koreans dance beneath a mosaic painting of the late leader Kim Il Sung during a mass folk dancing gathering in Pyongyang.
North Koreans dance beneath a mosaic painting of the late leader Kim Il Sung during a mass folk dancing gathering in Pyongyang.
North Koreans dance beneath a mosaic painting of the late leader Kim Il Sung during a mass folk dancing gathering in Pyongyang.
North Koreans dance beneath a mosaic painting of the late leader Kim Il Sung during a mass folk dancing gathering in Pyongyang.

North Korea missile-test fears grow as posturing continues


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PYONGYANG // North Korea delivered a fresh round of rhetoric yesterday, claiming that it had "powerful striking means" on standby for a missile launch.

It fuelled speculation in Seoul and Washington that the country was preparing to test a medium-range missile during its upcoming national celebrations.

On the streets of Pyongyang, meanwhile, North Koreans celebrated the anniversary of the appointment of their leader, Kim Jong Un, to the country's top party post - one in a slew of titles collected a year ago in the months following the death of his father, Kim Jong Il.

In South Korean capital, Seoul, the country's unification minister, Ryoo Kihl-jae, urged Pyongyang to cool down, engage in dialogue and reverse its decision to suspend operations at a joint industrial park just north of their shared border.

"We strongly urge North Korea not to exacerbate the crisis on the Korean peninsula," he said.

The Committee for the Peaceful Reunification of the Fatherland, a nonmilitary agency that deals with relations with South Korea, said North Korea's "striking means" have been "put on standby for a launch and the co-ordinates of targets put into the warheads." It did not clarify further.

The statement was the latest in a torrent of warlike threats seen outside Pyongyang as an effort to raise fears and pressure Seoul and Washington into changing their policy on North Korea.

Officials in South Korea and the United States said Pyongyang appeared to be preparing to test-fire a medium-range missile designed to reach the US territory of Guam in the Pacific Ocean.

Such a launch would violate UN Security Council resolutions prohibiting North Korea from nuclear and ballistic missile activity, and mark a major escalation in Pyongyang's standoff with its neighbouring nations and the US.

North Korea already has been punished for launching a long-range rocket in December and conducting an underground nuclear test in February.

Analysts do not believe North Korea will stage an attack similar to the one that started the Korean War in 1950. But there are concerns that the animosity could spark a skirmish that might escalate into a serious conflict.

"North Korea has been, with its bellicose rhetoric, with its actions ... skating very close to a dangerous line," the US defence secretary, Chuck Hagel, said in Washington on Wednesday. "Their actions and their words have not helped defuse a combustible situation."

Foreign experts have dubbed the missile that officials believe Pyongyang is readying the "Musudan", named after the north-eastern village where North Korea has a launch pad.

It has a range of 3,500km and is designed to reach US military installations in Guam and Japan, experts said.

Bracing for a launch that officials said could take place at any time, Seoul has deployed three naval destroyers, an early-warning surveillance aircraft and a land-based radar system, a defence ministry official said in Seoul. Japan has deployed PAC-3 missile interceptors around Tokyo.

But officials in Seoul played down security fears, noting that no foreign government had evacuated its citizens from either Korean capital.

The US secretary of state John Kerry was due to arrive in Seoul today for talks with South Korean officials about the growing tensions.

"North Korea has continuously issued provocative threats and made efforts to raise tension on the Korean peninsula ... but the current situation is being managed safely and foreign governments have been calmly responding," the foreign ministry spokesman, Cho Tai-young, said yesterday.

In Pyongyang, meanwhile, there was no obvious sense of panic.

Across the city, workers were preparing the city for a series of April holidays.

North Korean students put on suits and traditional dresses to celebrate Kim Jong Un's appointment as first secretary of the Workers' Party a year ago.

A flower show and art performances were scheduled for the next few days in the lead-up to the nations' biggest holiday on April 15, marking the birthday of North Korea's founder, Kim Il Sung, the father of the country's second leader, Kim Jong Il, and grandfather of the current leader.

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
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Results:

Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.

COMPANY%20PROFILE
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The bio:

Favourite holiday destination: I really enjoyed Sri Lanka and Vietnam but my dream destination is the Maldives.

Favourite food: My mum’s Chinese cooking.

Favourite film: Robocop, followed by The Terminator.

Hobbies: Off-roading, scuba diving, playing squash and going to the gym.

 

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

TOURNAMENT INFO

Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia

UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri

The specs: 2018 Opel Mokka X

Price, as tested: Dh84,000

Engine: 1.4L, four-cylinder turbo

Transmission: Six-speed auto

Power: 142hp at 4,900rpm

Torque: 200Nm at 1,850rpm

Fuel economy, combined: 6.5L / 100km

Fanney Khan

Producer: T-Series, Anil Kapoor Productions, ROMP, Prerna Arora

Director: Atul Manjrekar

Cast: Anil Kapoor, Aishwarya Rai, Rajkummar Rao, Pihu Sand

Rating: 2/5 

RESULTS

6.30pm Al Maktoum Challenge Round-1 Group One (PA) US$65,000 (Dirt) 1,600m

Winner RB Money To Burn, Fabrice Veron (jockey), Eric Lemartinel (trainer).

7.05pm Handicap (TB) $175,000 (Turf) 1,200m

Winner Ekhtiyaar, Jim Crowley, Doug Watson.

7.40pm UAE 2000 Guineas Trial Conditions (TB) $100,000 (D) 1,600m

Winner Commanding, Richard Mullen, Satish Seemar.

8.15pm Singspiel Stakes Group Two (TB) $250,000 (T) 1,800m

Winner Benbatl, Christophe Soumillon, Saeed bin Suroor.

8.50pm Handicap (TB) $135,000 (T) 1,600m

Winner Zakouski, William Buick, Charlie Appleby.

9.25pm Al Maktoum Challenge Round-1 Group Two (TB) $350,000 (D) 1,600m

Winner Kimbear, Pat Dobbs, Doug Watson.

10pm Dubai Trophy Conditions (TB) $100,000 (T) 1,200m

Winner Platinum Star, Christophe Soumillon, Saeed bin Suroor.

10.35pm Handicap (TB) $135,000 (T) 1,600m

Winner Key Victory, James Doyle, Charlie Appleby.

The years Ramadan fell in May

1987

1954

1921

1888

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UAE currency: the story behind the money in your pockets
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

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

The Gandhi Murder
  • 71 - Years since the death of MK Gandhi, also christened India's Father of the Nation
  • 34 - Nationalities featured in the film The Gandhi Murder
  • 7 - million dollars, the film's budget 
The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now