US Secretary of State Mike Pompeo steps away from the podium following a news conference at the State Department, in Washington, US. Reuters
US Secretary of State Mike Pompeo steps away from the podium following a news conference at the State Department, in Washington, US. Reuters
US Secretary of State Mike Pompeo steps away from the podium following a news conference at the State Department, in Washington, US. Reuters
US Secretary of State Mike Pompeo steps away from the podium following a news conference at the State Department, in Washington, US. Reuters

Pompeo: Iraq needs to make compromises to form government


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  • Arabic

US Secretary of State Mike Pompeo has urged Iraqi leaders to put aside a sectarian quota system and make compromises to help the formation of a government as well as restore the relationship between Washington and Baghdad.

Earlier this month, Iraq's president named intelligence chief Mustafa Al Kadhimi as prime minister-designate, the third person picked to lead Iraq within 10 weeks as it struggles to replace a government that fell last year after months of deadly protests.

Mr Pompeo told reporters at the State Department on Wednesday that the US was watching closely as Mr Al Kadhimi entered the third week of his government formation efforts.

"The Iraqi government, too, must heed the call from many elements of Iraqi society to bring all armed groups under state control, and we welcome steps that have been taken in the past days in that direction," Mr Pompeo said.

Ties between Washington and Baghdad have been strained as the US said it was disappointed that Iraqi forces have failed to protect the US forces stationed in Iraq. They have come under several rocket attacks this year alone, for which the US blames Iran-backed militia.

  • Cooks wearing protective masks as a measure against COVID-19 coronavirus disease prepare food in a restaurant kitchen in Yemen. AFP
    Cooks wearing protective masks as a measure against COVID-19 coronavirus disease prepare food in a restaurant kitchen in Yemen. AFP
  • A Yemeni worker fumigates a neighbourhood as a precaution against the spread of the coronavirus Covid-19. EPA
    A Yemeni worker fumigates a neighbourhood as a precaution against the spread of the coronavirus Covid-19. EPA
  • A Yemeni worker fumigates a neighbourhood as a precaution against the spread of the coronavirus Covid-19. EPA
    A Yemeni worker fumigates a neighbourhood as a precaution against the spread of the coronavirus Covid-19. EPA
  • A Yemeni man cleans the entrance to a restaurant with a disinfecting liquid, amid concerns over the spread of the coronavirus. EPA
    A Yemeni man cleans the entrance to a restaurant with a disinfecting liquid, amid concerns over the spread of the coronavirus. EPA
  • epa08313725 Yemenis wear face masks as a worker cleans the entrance to a restaurant with a disinfecting liquid. EPA
    epa08313725 Yemenis wear face masks as a worker cleans the entrance to a restaurant with a disinfecting liquid. EPA
  • A Yemeni worker wearing a protective mask sprays disinfectant as a precaution against the spread of the coronavirus Covid-19. EPA
    A Yemeni worker wearing a protective mask sprays disinfectant as a precaution against the spread of the coronavirus Covid-19. EPA
  • People wear protective face masks as a precaution against the spread of the coronavirus Covid-19. EPA
    People wear protective face masks as a precaution against the spread of the coronavirus Covid-19. EPA

In March, David Schenker, the State Department's top diplomat for the Middle East, said Washington was "enormously disappointed" with the performance of the Iraqi government in fulfilling its obligations to protect US-led coalition forces and that the issue remained a point of contention.

Mr Pompeo also said the US has caught no sight of North Korean leader Kim Jong-un and is watching reports about his health amid speculation that he is either very sick or dead.

He said  there was a real risk of famine in the country amid the coronavirus outbreak.

North Korean media has not reported on Mr Kim's whereabouts since he presided over a meeting on April 11, provoking speculation about his health and raising concerns about instability in the nuclear-armed country.

"We haven't seen him. We don't have any information to report today, we're watching it closely," Mr Pompeo told Fox News after being asked about conflicting reports about Mr Kim's health.

Some reports from Asian media outlets claimed Mr Kim had undergone a heart surgery that went wrong and is in a vegetative state, while others said he died at the weekend.

But South Korean officials have denied he is unwell and said some of the reports were untrue.

South Korean and US officials have said Mr Kim may be staying at North Korea's coastal resort of Wonsan to avoid exposure to the new coronavirus.

But Seoul and Washington say his health and location are closely guarded secrets and reliable information is difficult to obtain from North Korea.

Mr Pompeo said the US was also monitoring the situation more broadly in North Korea, which borders China, given the threat posed by the coronavirus.

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Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Section 375

Cast: Akshaye Khanna, Richa Chadha, Meera Chopra & Rahul Bhat

Director: Ajay Bahl

Producers: Kumar Mangat Pathak, Abhishek Pathak & SCIPL

Rating: 3.5/5

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

RESULTS

Bantamweight title:
Vinicius de Oliveira (BRA) bt Xavier Alaoui (MAR)
(KO round 2)
Catchweight 68kg:
Sean Soriano (USA) bt Noad Lahat (ISR)
(TKO round 1)
Middleweight:
Denis Tiuliulin (RUS) bt Juscelino Ferreira (BRA)
(TKO round 1)
Lightweight:
Anas Siraj Mounir (MAR) bt Joachim Tollefsen (DEN)
(Unanimous decision)
Catchweight 68kg:
Austin Arnett (USA) bt Daniel Vega (MEX)
(TKO round 3)
Lightweight:
Carrington Banks (USA) bt Marcio Andrade (BRA)
(Unanimous decision)
Catchweight 58kg:
Corinne Laframboise (CAN) bt Malin Hermansson (SWE)
(Submission round 2)
Bantamweight:
Jalal Al Daaja (CAN) bt Juares Dea (CMR)
(Split decision)
Middleweight:
Mohamad Osseili (LEB) bt Ivan Slynko (UKR)
(TKO round 1)
Featherweight:
Tarun Grigoryan (ARM) bt Islam Makhamadjanov (UZB)
(Unanimous decision)
Catchweight 54kg:
Mariagiovanna Vai (ITA) bt Daniella Shutov (ISR)
(Submission round 1)
Middleweight:
Joan Arastey (ESP) bt Omran Chaaban (LEB)
(Unanimous decision)
Welterweight:
Bruno Carvalho (POR) bt Souhil Tahiri (ALG)
(TKO)

COMPANY%20PROFILE
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23-man shortlist for next six Hall of Fame inductees

Tony Adams, David Beckham, Dennis Bergkamp, Sol Campbell, Eric Cantona, Andrew Cole, Ashley Cole, Didier Drogba, Les Ferdinand, Rio Ferdinand, Robbie Fowler, Steven Gerrard, Roy Keane, Frank Lampard, Matt Le Tissier, Michael Owen, Peter Schmeichel, Paul Scholes, John Terry, Robin van Persie, Nemanja Vidic, Patrick Viera, Ian Wright.

Company%20profile
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The Year Earth Changed

Directed by:Tom Beard

Narrated by: Sir David Attenborough

Stars: 4

Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

SPEC%20SHEET
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FROM%20THE%20ASHES
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