• 07 December 2022, Hessen, Frankfurt/Main: In a raid against so-called "Reichsbürger" masked police officers, after searching a house Heinrich XIII Prince Reuss (2nd from right) lead to a police vehicle. The Federal Prosecutor's Office had several people from the so-called Reichsbürger scene arrested in the course of a raid on Wednesday morning. Numerous officers were deployed in several federal states, said a spokeswoman for the Karlsruhe authority . Photo: Boris Roessler/dpa (Photo by Boris Roessler/picture alliance via Getty Images)
    07 December 2022, Hessen, Frankfurt/Main: In a raid against so-called "Reichsbürger" masked police officers, after searching a house Heinrich XIII Prince Reuss (2nd from right) lead to a police vehicle. The Federal Prosecutor's Office had several people from the so-called Reichsbürger scene arrested in the course of a raid on Wednesday morning. Numerous officers were deployed in several federal states, said a spokeswoman for the Karlsruhe authority . Photo: Boris Roessler/dpa (Photo by Boris Roessler/picture alliance via Getty Images)
  • German special police forces patrol in Bad Lobenstein in eastern Germany as part of nationwide early morning raids. AFP
    German special police forces patrol in Bad Lobenstein in eastern Germany as part of nationwide early morning raids. AFP
  • A suspected terrorist cell has been accused of plotting to overthrow the government, kill politicians and establish a military regime. Reuters
    A suspected terrorist cell has been accused of plotting to overthrow the government, kill politicians and establish a military regime. Reuters
  • Police search an area in Berlin. Reuters
    Police search an area in Berlin. Reuters
  • More than 30 properties across the country were stormed in early morning raids. Reuters
    More than 30 properties across the country were stormed in early morning raids. Reuters
  • Police enter a property in Frankfurt. Reuters
    Police enter a property in Frankfurt. Reuters
  • Police search a car in Berlin. Reuters
    Police search a car in Berlin. Reuters

Arrests in Germany over 'far-right coup plot' including soldiers


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German police have busted a suspected terrorist cell accused of plotting a far-right coup to overthrow the government, kill politicians and establish a military regime.

Prosecutors said 25 people were arrested, including an ex-MP and a minor prince, in early morning raids on Wednesday in Germany, Italy and Austria.

They revealed extraordinary details of a plot said to involve weapons training, planning for an interim government and attempts to win support in Russia.

Some of the suspects allegedly planned to storm Germany's parliament with a small armed group.

"The investigations give us a glimpse into the abyss of the terrorist threat," German Interior Minister Nancy Faeser said.

"From what we know so far, the suspected terror group uncovered today is driven by violent coup fantasies and conspiracy theories."

Dozens of properties were searched in what was described as the biggest anti-terror raid in German history, involving more than 3,000 police officers.

The group allegedly included former soldiers and made particular efforts to recruit from the police and military, which have been plagued by extremist elements.

It was said to be inspired by so-called Reichsbuerger (Citizens of the Reich) ideology, a movement which rejects the legitimacy of the post-1945 German state.

Prosecutors said the plotters were also influenced by QAnon conspiracy theories and believed Germany was run by a "deep state".

One alleged ringleader was Prince Heinrich XIII, a descendant of German nobility who is said to have made contacts with Russia.

Prosecutors said an alleged intermediary, a Russian woman called Vitalia, was also arrested.

They said there was no evidence Heinrich's Russian interlocutors responded positively to him.

Heinrich allegedly led secret meetings of the group's ruling council in which detailed plans were made for a military regime.

It even mimicked a real government by appointing people to justice, health and foreign affairs portfolios, the federal prosecutors said.

A police helicopter lands near federal prosecutors' headquarters in Karlsruhe. AP
A police helicopter lands near federal prosecutors' headquarters in Karlsruhe. AP

Another suspect named as Birgit M-W was identified by German media as Birgit Malsack-Winkemann, a former MP from the far-right Alternative for Germany (AfD) party.

After leaving parliament last year, she was recently given approval by a Berlin court to return to her previous role as a judge.

The group's paramilitary arm had gone as far as acquiring weapons, taking shooting practice and preparing to set up militias, prosecutors said.

"Members of the organisation know that their intentions can only be carried out with the use of military means and violence against government officials," a statement said.

"The organisation knows that people would be killed, but accepts this because it regards it as a necessary step to change the system on all levels."

In total, 22 suspected members and three suspected supporters of a far-right terrorist group were detained in the raids in 11 states.

They were due to appear before a judge on Wednesday and Thursday.

The security forces raided more than 100 properties across the country in the co-ordinated early morning raids.

Some of the suspects were allegedly planning an attack on Germany's parliament. Reuters
Some of the suspects were allegedly planning an attack on Germany's parliament. Reuters

The operation began at 6am at a house in the Wannsee residential area of ​​Berlin, reports said. Minutes later, a hunting lodge in the east was raided.

The newspaper Der Spiegel reported that the barracks of a special forces unit were searched.

The cell had been making plans with "growing intensity" since at least November last year, it is alleged.

The Reichsbuerger movement believes the prewar German Empire was never validly dissolved and that Germany is still awaiting liberation from the wartime Allies.

Germany’s domestic intelligence agency says the Reichsbuerger scene overlaps with the neo-Nazi fringe and includes anti-Semitic elements.

It has caused growing alarm after orchestrating unrest and recruiting new supporters during the coronavirus pandemic.

One anti-lockdown rally nearly spilt over into violence in 2020 when a group of protesters tried to storm into parliament in Berlin.

The alleged coup plot “shows the real threat to democracy in Germany – extreme-right groups and Reichsbuerger who dream of a coup,” said a Green party MP, Sabine Gruetzmacher.

Kat Wightman's tips on how to create zones in large spaces

 

  • Area carpets or rugs are the easiest way to segregate spaces while also unifying them.
  • Lighting can help define areas. Try pendant lighting over dining tables, and side and floor lamps in living areas.
  • Keep the colour palette the same in a room, but combine different tones and textures in different zone. A common accent colour dotted throughout the space brings it together.
  • Don’t be afraid to use furniture to break up the space. For example, if you have a sofa placed in the middle of the room, a console unit behind it will give good punctuation.
  • Use a considered collection of prints and artworks that work together to form a cohesive journey.
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

if you go

The flights
Fly direct to Kutaisi with Flydubai from Dh925 return, including taxes. The flight takes 3.5 hours. From there, Svaneti is a four-hour drive. The driving time from Tbilisi is eight hours.
The trip
The cost of the Svaneti trip is US$2,000 (Dh7,345) for 10 days, including food, guiding, accommodation and transfers from and to ­Tbilisi or Kutaisi. This summer the TCT is also offering a 5-day hike in Armenia for $1,200 (Dh4,407) per person. For further information, visit www.transcaucasiantrail.org/en/hike/

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
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

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

The finalists

Player of the Century, 2001-2020: Cristiano Ronaldo (Juventus), Lionel Messi (Barcelona), Mohamed Salah (Liverpool), Ronaldinho

Coach of the Century, 2001-2020: Pep Guardiola (Manchester City), Jose Mourinho (Tottenham Hotspur), Zinedine Zidane (Real Madrid), Sir Alex Ferguson

Club of the Century, 2001-2020: Al Ahly (Egypt), Bayern Munich (Germany), Barcelona (Spain), Real Madrid (Spain)

Player of the Year: Cristiano Ronaldo, Lionel Messi, Robert Lewandowski (Bayern Munich)

Club of the Year: Bayern Munich, Liverpool, Real Madrid

Coach of the Year: Gian Piero Gasperini (Atalanta), Hans-Dieter Flick (Bayern Munich), Jurgen Klopp (Liverpool)

Agent of the Century, 2001-2020: Giovanni Branchini, Jorge Mendes, Mino Raiola

The specs

Engine: 3.5-litre V6

Power: 272hp at 6,400rpm

Torque: 331Nm from 5,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.7L/100km

On sale: now

Price: Dh149,000

 

The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
HER%20FIRST%20PALESTINIAN
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COMPANY PROFILE

Name: N2 Technology

Founded: 2018

Based: Dubai, UAE

Sector: Startups

Size: 14

Funding: $1.7m from HNIs

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Updated: December 07, 2022, 3:07 PM