North Korea's leader Kim Jong-un inspects a flood-hit site in the country's North Hwanghae province. Reuters
North Korea's leader Kim Jong-un inspects a flood-hit site in the country's North Hwanghae province. Reuters
North Korea's leader Kim Jong-un inspects a flood-hit site in the country's North Hwanghae province. Reuters
North Korea's leader Kim Jong-un inspects a flood-hit site in the country's North Hwanghae province. Reuters

Possible missile carrier spotted at North Korea parade practice, US think tank says


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A vehicle that may be carrying a ballistic missile was spotted at a parade training ground in North Korea in a sign it is preparing a big military display for an October 10 holiday, a US think tank said.

Commercial satellite imagery taken on Tuesday showed a "probable missile-related vehicle" at the Mirim Parade Training Ground outside the capital, Pyongyang, according to a report by the group 38 North, which monitors North Korea.

"While imagery resolution is insufficient to determine exactly what the vehicle is, relative size and shape suggests that it may be a transporter-erector-launcher for a large missile," the group said.

The vehicle appeared to be large enough to carry one of North Korea's intercontinental ballistic missiles, which are believed to be capable of delivering a nuclear warhead to targets as far as the US.

The group said the chance the vehicle was something else seemed "unlikely in this particular location and circumstance".

Satellite imagery also showed large formations of troops and vehicles practising at the parade training ground, 38 North reported.

"The recent training strongly suggests a large military parade is planned for the 75th anniversary of the Workers Party of Korea on October 10," it said.

North Korea has not shown its largest ballistic missiles at military parades since early 2018, when leader Kim Jong-un began a flurry of diplomatic engagement that included three meetings with US President Donald Trump.

But talks aimed at getting North Korea to give up its nuclear programme have since stalled and this year Mr Kim vowed to unveil a new "strategic weapon".

Analysts said North Korea could use the holiday to reveal new weapons, either at a parade or in a test.

US officials said this week that North Korea resumed long-range missile co-operation with Iran but did not provide detailed evidence.

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

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

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Two products to make at home

Toilet cleaner

1 cup baking soda 

1 cup castile soap

10-20 drops of lemon essential oil (or another oil of your choice) 

Method:

1. Mix the baking soda and castile soap until you get a nice consistency.

2. Add the essential oil to the mix.

Air Freshener

100ml water 

5 drops of the essential oil of your choice (note: lavender is a nice one for this) 

Method:

1. Add water and oil to spray bottle to store.

2. Shake well before use. 

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Israel Palestine on Swedish TV 1958-1989

Director: Goran Hugo Olsson

Rating: 5/5

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000