Petraeus celebrates US independence in Afghan capital


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US General David Petraeus made his public debut today as commander of the Afghan war, celebrating US Independence Day in one of the most heavily guarded places in the country. The four-star general, who arrived in the Afghan capital on Friday, faces a tough task to bring peace and secure a face-saving exit for allied troops fighting the Taliban, observers say. Replacing the sacked US General Stanley McChrystal, Gen Petraeus has said the war in Afghanistan, now well into its ninth year, is likely to get tougher before significant improvements are seen. Gen Petraeus called for a united effort in the Afghan war as he made his public debut. "This is an effort in which we must achieve unity of effort and common purpose. Civilian and military, Afghan and international, we are part of one team with one mission," he said. "On this important endeavour, cooperation is not optional," Gen Petraeus added. The four-star general, who arrived in the Afghan capital Kabul on Friday, wore military fatigues as he attended the celebration of US independence Day at the heavily guarded American embassy. Appearing relaxed and personable, he stood in a receiving line with ambassador Karl Eikenberry, greeting some of the 1,700 Afghan cabinet members, diplomats, and development workers who were guests on the embassy lawn.

He arrives as deaths of US and NATO soldiers are touching record highs in intensified fighting, along with questions about the wisdom of committing such huge resources in manpower and money to what could yet be a lost cause.

His appointment as commander of the 140,000 US and NATO troops in Afghanistan has been welcomed by local officials, including the president Hamid Karzai, who is increasingly seen in the West as a loose cannon. But analysts urged Gen Petraeus to make immediate adjustments to rapidly turn around a war seen as bogged down to the Taliban's advantage. "Petraeus must change the fundamental strategy of the war against the Taliban," said a parliamentarian Ahmad Behzad.

"A change in the leadership of foreign forces can only be effective if we see more serious steps taken against terrorists," he said. Gen McChrystal's reputation had suffered from the failure of foreign forces to secure the poppy-growing district of Marjah, in southern Helmand province, in a massive operation launched in February, said a political analyst Haroun Mir. A planned escalation in operations against the Taliban in Kandahar province, the militants' heartland, had been postponed to September, Mr Mir noted, adding: "And we don't know if it will ever go ahead."

Despite assurances from US President Barack Obama, and Gen Petraeus, that the change of command does not mean a change in strategy, the general has already hinted some tweaks could be in the air. Troops have complained that Gen McChrystal's "courageous restraint" rule, aimed at minimising civilian casualties, prevents them from properly defending themselves _ thus contributing to the spike in casualties.

A total of 102 foreign soldiers died in June, almost triple the May toll and far outstripping the previous highest monthly figure of 77 in August. So far in 2010, more than 320 troops have died, compared to 520 for 2009, with a British soldier becoming the latest casualty on Thursday. *AFP

UAE currency: the story behind the money in your pockets
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

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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

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

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Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

Benefits of first-time home buyers' scheme
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LAST-16 EUROPA LEAGUE FIXTURES

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5