The Egyptian tourist bus that was bombed near the Taba crossing into Israel on February 16 in an attack claimed by the Sinai-based militant group Ansar Beit Al Maqdis. EPA
The Egyptian tourist bus that was bombed near the Taba crossing into Israel on February 16 in an attack claimed by the Sinai-based militant group Ansar Beit Al Maqdis. EPA
The Egyptian tourist bus that was bombed near the Taba crossing into Israel on February 16 in an attack claimed by the Sinai-based militant group Ansar Beit Al Maqdis. EPA
The Egyptian tourist bus that was bombed near the Taba crossing into Israel on February 16 in an attack claimed by the Sinai-based militant group Ansar Beit Al Maqdis. EPA

Egypt terror group threatens to attack tourists


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CAIRO // The Islamist militant group Ansar Beit Al Maqdis has told tourists to leave Egypt and threatened to attack anyone who stays in the country after a deadline of February 20.

The Sinai-based group, which claimed responsibility for a suicide bombing that killed two South Korean tourists and an Egyptian on Sunday, made the statement on an affiliated Twitter account.

“We recommend tourists to get out safely before the expiry of the deadline,” read the tweet, written in English.

The warning has not appeared on the group’s official website but the Twitter account has been accurate in the past.

The group said in a statement posted on militant websites late Monday that one of its “heroes” carried out Sunday’s bombing in Taba.

“God helped your brothers in Ansar Beit Al Maqdis to assign one of its heroes to blow up the tourist bus that was heading to the Zionist entity (Israel) as part of our economic war attacks on this traitorous hireling regime, which plundered the nation’s wealth,” the statement said

Egyptian officials have called the attack a suicide bombing but the statement did not contain the usual phrasing, such as the word “martyr” or “God bless his soul” used in previous claims for attacks in which the bomber also died.

The statement lashed out at intensified Egyptian military operations in the Sinai Peninsula along the border with Israel targeting the militants’ hideouts and vehicles.

The Egyptian regime is “killing innocent people, imprisoning women, demolishing their houses, looting their properties and flattening the lands at the border with Zionist enemy as well as displacing their owners merely to please their Jewish masters and protect their alleged borders,” it said.

The Al Qaeda-inspired group has claimed responsibility for previous attacks but until now they have targeted primarily police and the military. The attacks have spiked after the military’s 2013 overthrow of Islamist president Mohammed Morsi, spreading to cities of the Nile Delta and the capital, Cairo.

The group claimed responsibility for downing a military helicopter in Sinai in late January, killing all five crew members and the assassination earlier this month of a senior interior ministry aide and carried out a powerful lorry bomb outside Cairo’s main security directorate.

The authenticity of the statement could not be verified but it was posted on Al Qaida-affiliated websites.

The bombing on Sunday of a tourist bus marks a strategic shift to soft targets that could devastate an economy already reeling from political turmoil.

Egyptian prime minister Hazem El Beblawi said on Tuesday the Islamist militant group Ansar Beit Al Maqdis was a threat to tourists and aimed to undermined a political road map unveiled after an army takeover in July.

Also on Tuesday, Egypt’s public prosecutor charged two men it said were Israeli intelligence agents and two Egyptians with conspiring in Israel’s interests, according to a statement from the prosecutor’s office.

“The public prosecutor ordered Ramzy Mohamed, Sahar Ibrahim, Samuel Ben Zeev and David Wisemen — two officers in the Israeli Mossad — to be sent to a Cairo criminal court for spying for the interests of the state of Israel,” the statement read.

The two Egyptians are already in jail pending investigation, the statement said.

The public prosecutor ordered the arrest of the two Israeli officers. It was not clear from the statement if the Israelis were in Egypt. There was no immediate reaction from Israel.

The Egyptians are accused of providing information about Egypt to the Israeli officers with “the intent of damaging national interests in exchange for money and gifts and sex.”

It accuses Mohamed of “sleeping with women who work in Israeli intelligence.” The Egyptian is also accused of recruiting the accused woman, Ibrahim, to work for Israeli intelligence.

The statement said that the two Egyptians had admitted that they had “committed the crime of spying for Israel” during investigations.

* Reuters and Associated Press

'Munich: The Edge of War'

Director: Christian Schwochow

Starring: George MacKay, Jannis Niewohner, Jeremy Irons

Rating: 3/5

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

What is Folia?

Prince Khaled bin Alwaleed bin Talal's new plant-based menu will launch at Four Seasons hotels in Dubai this November. A desire to cater to people looking for clean, healthy meals beyond green salad is what inspired Prince Khaled and American celebrity chef Matthew Kenney to create Folia. The word means "from the leaves" in Latin, and the exclusive menu offers fine plant-based cuisine across Four Seasons properties in Los Angeles, Bahrain and, soon, Dubai.

Kenney specialises in vegan cuisine and is the founder of Plant Food Wine and 20 other restaurants worldwide. "I’ve always appreciated Matthew’s work," says the Saudi royal. "He has a singular culinary talent and his approach to plant-based dining is prescient and unrivalled. I was a fan of his long before we established our professional relationship."

Folia first launched at The Four Seasons Hotel Los Angeles at Beverly Hills in July 2018. It is available at the poolside Cabana Restaurant and for in-room dining across the property, as well as in its private event space. The food is vibrant and colourful, full of fresh dishes such as the hearts of palm ceviche with California fruit, vegetables and edible flowers; green hearb tacos filled with roasted squash and king oyster barbacoa; and a savoury coconut cream pie with macadamia crust.

In March 2019, the Folia menu reached Gulf shores, as it was introduced at the Four Seasons Hotel Bahrain Bay, where it is served at the Bay View Lounge. Next, on Tuesday, November 1 – also known as World Vegan Day – it will come to the UAE, to the Four Seasons Resort Dubai at Jumeirah Beach and the Four Seasons DIFC, both properties Prince Khaled has spent "considerable time at and love". 

There are also plans to take Folia to several more locations throughout the Middle East and Europe.

While health-conscious diners will be attracted to the concept, Prince Khaled is careful to stress Folia is "not meant for a specific subset of customers. It is meant for everyone who wants a culinary experience without the negative impact that eating out so often comes with."

The Written World: How Literature Shaped History
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Granta

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COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4
RESULTS

Manchester United 2

Anthony Martial 30'

Scott McTominay 90 6' 

Manchester City 0

Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

Safety 'top priority' for rival hyperloop company

The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.

He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.

“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.

“Only once the system has been certified and approved will it move people,” he said.

HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon. 

With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.

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

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

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About Tenderd

Started: May 2018

Founder: Arjun Mohan

Based: Dubai

Size: 23 employees 

Funding: Raised $5.8m in a seed fund round in December 2018. Backers include Y Combinator, Beco Capital, Venturesouq, Paul Graham, Peter Thiel, Paul Buchheit, Justin Mateen, Matt Mickiewicz, SOMA, Dynamo and Global Founders Capital

THE DETAILS

Deadpool 2

Dir: David Leitch

Starring: Ryan Reynolds, Josh Brolin, Justin Dennison, Zazie Beetz

Four stars

Who has lived at The Bishops Avenue?
  • George Sainsbury of the supermarket dynasty, sugar magnate William Park Lyle and actress Dame Gracie Fields were residents in the 1930s when the street was only known as ‘Millionaires’ Row’.
  • Then came the international super rich, including the last king of Greece, Constantine II, the Sultan of Brunei and Indian steel magnate Lakshmi Mittal who was at one point ranked the third richest person in the world.
  • Turkish tycoon Halis Torprak sold his mansion for £50m in 2008 after spending just two days there. The House of Saud sold 10 properties on the road in 2013 for almost £80m.
  • Other residents have included Iraqi businessman Nemir Kirdar, singer Ariana Grande, holiday camp impresario Sir Billy Butlin, businessman Asil Nadir, Paul McCartney’s former wife Heather Mills. 
Hunting park to luxury living
  • Land was originally the Bishop of London's hunting park, hence the name
  • The road was laid out in the mid 19th Century, meandering through woodland and farmland
  • Its earliest houses at the turn of the 20th Century were substantial detached properties with extensive grounds