Sweden's Prime Minister Ulf Kristersson and Nato Secretary General Jens Stoltenberg at a joint press conference on Tuesday. AFP
Sweden's Prime Minister Ulf Kristersson and Nato Secretary General Jens Stoltenberg at a joint press conference on Tuesday. AFP
Sweden's Prime Minister Ulf Kristersson and Nato Secretary General Jens Stoltenberg at a joint press conference on Tuesday. AFP
Sweden's Prime Minister Ulf Kristersson and Nato Secretary General Jens Stoltenberg at a joint press conference on Tuesday. AFP

Stoltenberg counting on Turkey's 'speedy' ratification of Sweden to Nato


Gillian Duncan
  • English
  • Arabic

Nato Secretary General Jens Stoltenberg has said he is “counting on the speedy ratification by the Turkish Parliament” of Sweden’s membership bid, as the focus of attention switches to Hungary.

President Recep Tayyip Erdogan sent a bill approving Sweden’s membership to the Turkish Parliament on Monday.

The Nordic country’s inclusion in Nato, which has been pending for almost a year and a half, would realign the security dynamic in Europe following Russia’s invasion of Ukraine, with the alliance already having admitted Finland in a similar process.

Speaking at a press conference in Stockholm on Tuesday alongside Mr Stoltenberg, Swedish Prime Minister Ulf Kristersson said it was “gratifying” that Mr Erdogan had submitted the bill.

Sweden applied last year to join the defence alliance but Turkey and Hungary have yet to approve the bid.

Hungary’s Parliament has yet to schedule a vote on the Swedish accession.

It approved the Finnish bid swiftly last spring after Mr Erdogan said his country would forge ahead. Budapest has previously said it will not stand in Sweden’s way once Ankara accepts the bid.

Mr Stoltenberg said on Tuesday: “Sweden’s membership will make Nato stronger.

“Sweden is fully ready to join Nato. The time has come. And following the submission of the ratification documents, I now count on the speedy ratification by the Turkish Parliament.”

He added: “On Hungary, it has stated several times it will not be the last to ratify and since there are only two countries which have not yet ratified I think that demonstrates that Hungary will not delay this process.”

Mr Kristersson was also optimistic. “I have been assured on a couple of occasions by Hungary’s Prime Minister [Viktor Orban] that they won’t delay Sweden’s accession, and I believe they will stand by that,” he said.

Turkey’s Parliament is now expected to schedule a date to start debating Sweden’s membership bid in the foreign relations committee, which will eventually decide whether to send the accession protocol to the floor for a final vote.

Mr Erdogan’s ruling AK Party and its allies could potentially make it a priority amid the legislature’s busy schedule in approving next year’s budget.

Mr Stoltenberg sent a letter to all Nato member states last week, saying Sweden should become a member at the latest by the Nato foreign ministers’ meeting scheduled for November 28 and 29, according to a Swedish government representative.

Nato through the years - in pictures

  • British Foreign Secretary Ernest Bevin signs the North Atlantic Treaty in Washington on April 4, 1949. All photos: Getty
    British Foreign Secretary Ernest Bevin signs the North Atlantic Treaty in Washington on April 4, 1949. All photos: Getty
  • The North Atlantic Treaty showing the signatures of the foreign secretaries and ambassadors of the original signing nations - Belgium, Britain, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal and the US
    The North Atlantic Treaty showing the signatures of the foreign secretaries and ambassadors of the original signing nations - Belgium, Britain, Canada, Denmark, France, Iceland, Italy, Luxembourg, the Netherlands, Norway, Portugal and the US
  • A meeting of the North Atlantic Council deputies in 1951 in London, attended by Gen Dwight D Eisenhower, centre
    A meeting of the North Atlantic Council deputies in 1951 in London, attended by Gen Dwight D Eisenhower, centre
  • Lord Hastings Lionel Ismay, Secretary General of Nato, with the newly adopted Nato emblem in 1952
    Lord Hastings Lionel Ismay, Secretary General of Nato, with the newly adopted Nato emblem in 1952
  • Belgian Foreign Minister Paul-Henri Spaak holds a press conference in Paris after taking over from Hastings Ismay as Nato chief in 1956
    Belgian Foreign Minister Paul-Henri Spaak holds a press conference in Paris after taking over from Hastings Ismay as Nato chief in 1956
  • The opening speech at the Nato summit in Paris in 1957
    The opening speech at the Nato summit in Paris in 1957
  • Some of the Nato vessels gathered for Exercise Medflex Invicta in Malta in 1961
    Some of the Nato vessels gathered for Exercise Medflex Invicta in Malta in 1961
  • A McDonnell Douglas F-4 Phantom II fighter-bomber of the Royal Navy is launched from HMS Ark Royal during a Nato exercise in 1972
    A McDonnell Douglas F-4 Phantom II fighter-bomber of the Royal Navy is launched from HMS Ark Royal during a Nato exercise in 1972
  • German Nato troops on manoeuvres in 1980
    German Nato troops on manoeuvres in 1980
  • Lord Carrington, the new Secretary General of Nato, sits behind his desk in Brussels, Belgium, in 1984
    Lord Carrington, the new Secretary General of Nato, sits behind his desk in Brussels, Belgium, in 1984
  • A US Air Force F-15E Strike Eagle refuels in the skies over Macedonia in 1999, as it flies missions in support of Nato Operation Allied Force
    A US Air Force F-15E Strike Eagle refuels in the skies over Macedonia in 1999, as it flies missions in support of Nato Operation Allied Force
  • Frigates, part of the Nato permanent fleet based in the Mediterranean Sea, enter the port of Piraeus, Greece, in 2003
    Frigates, part of the Nato permanent fleet based in the Mediterranean Sea, enter the port of Piraeus, Greece, in 2003
  • US President George W Bush, US Secretary of Defence Donald Rumsfeld, ambassador R Nicholas Burns and US Secretary of State Colin Powell attend the Nato summit in 2004 in Istanbul, Turkey
    US President George W Bush, US Secretary of Defence Donald Rumsfeld, ambassador R Nicholas Burns and US Secretary of State Colin Powell attend the Nato summit in 2004 in Istanbul, Turkey
  • Members of the military attend a commemoration for Nato soldiers during the 2009 summit in Kehl, Germany
    Members of the military attend a commemoration for Nato soldiers during the 2009 summit in Kehl, Germany
  • A protester throws a stone during clashes at the Nato summit in 2009 in Strasbourg, France
    A protester throws a stone during clashes at the Nato summit in 2009 in Strasbourg, France
  • A Polish soldier sits in a tank as a Nato flag flies behind during military exercises in Zagan, Poland, in 2015
    A Polish soldier sits in a tank as a Nato flag flies behind during military exercises in Zagan, Poland, in 2015
  • Guests depart after attending the opening ceremony at the 2018 Nato summit in Brussels
    Guests depart after attending the opening ceremony at the 2018 Nato summit in Brussels
  • Nato leaders listen to British Prime Minister Boris Johnson while attending the summit in 2019 in Watford, England
    Nato leaders listen to British Prime Minister Boris Johnson while attending the summit in 2019 in Watford, England
  • Soldiers from the Royal Welsh Battlegroup take part in manoeuvres during a Nato exercise on the Estonian-Latvian border in 2022 in Voru, Estonia
    Soldiers from the Royal Welsh Battlegroup take part in manoeuvres during a Nato exercise on the Estonian-Latvian border in 2022 in Voru, Estonia
  • Secretary General of Nato Jens Stoltenberg meets troops at the Tapa Army Base in 2022 in Tallinn, Estonia
    Secretary General of Nato Jens Stoltenberg meets troops at the Tapa Army Base in 2022 in Tallinn, Estonia
  • Polish soldiers hold a Nato flag in 2022 at a training ground in Orzysz, Poland
    Polish soldiers hold a Nato flag in 2022 at a training ground in Orzysz, Poland
  • Ukrainian President Volodymyr Zelenskyy and Mr Stoltenberg attend a joint press conference in Kyiv, Ukraine, in April 2023
    Ukrainian President Volodymyr Zelenskyy and Mr Stoltenberg attend a joint press conference in Kyiv, Ukraine, in April 2023

A Nato representative did not immediately respond to a request for comment.

Jessika Roswall, Sweden’s Minister for EU Affairs, said she plans to speak to her Hungarian counterpart about Nato accession.

“We look forward to a quick decision by Hungary as well, and we want to become members as soon as possible,” she said in Luxembourg.

Her comments came after of Mr Orban’s meeting with Russian President Vladimir Putin this month, which led Budapest’s Nato allies to raise security concerns.

Turkey has been one of the last hold-outs preventing Sweden’s membership along with Hungary, accusing Stockholm of failing to do enough to crack down on supporters of separatist Kurdish militants that Ankara regards as terrorists.

Adding the biggest Nordic nation to Nato means eight of the nine countries that border the Baltic Sea will be in the bloc – with just Russia outside.

Meanwhile, an investigation into damage to telecoms cables linking Estonia to Finland and Sweden under the Baltic Sea continues, said Mr Stoltenberg.

The Swedish government has previously said it was confirmed that the cable was damaged by “external force or tampering”. The damage reportedly occurred at a time when only two ships, Chinese and Russian container vessels, were in the area.

Mr Stoltenberg said the cause was still under investigation.

“We are sharing information. We haven’t any final conclusion on or assessment about who is behind and whether it was intentional or not.

“But Nato together with Finland, Estonia and Sweden are working to establish the facts. And before they are established I am not going into any details about exactly who or what may have caused that damage.”

Mr Kristersson said Sweden’s investigation, which has not yet concluded, determined it was “purposeful damage”.

“We will not be more precise than that, as of today at least," he said. "We will conclude the investigation physically and we will come back with our own conclusions.

“I think there is an important lesson to be learnt in terms of private infrastructure being nowadays extremely important also to national security, not least in cyber matters. So that’s a lesson learnt from us that we need to co-operate much closer between private operators. Private companies and national security agencies.”

MOTHER%20OF%20STRANGERS
%3Cp%3EAuthor%3A%20Suad%20Amiry%3Cbr%3EPublisher%3A%20Pantheon%3C%2Fp%3E%0A%3Cp%3EPages%3A%20304%3Cbr%3EAvailable%3A%20Now%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Champions parade (UAE timings)

7pm Gates open

8pm Deansgate stage showing starts

9pm Parade starts at Manchester Cathedral

9.45pm Parade ends at Peter Street

10pm City players on stage

11pm event ends

Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

3%20Body%20Problem
%3Cp%3E%3Cstrong%3ECreators%3A%3C%2Fstrong%3E%20David%20Benioff%2C%20D%20B%20Weiss%2C%20Alexander%20Woo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBenedict%20Wong%2C%20Jess%20Hong%2C%20Jovan%20Adepo%2C%20Eiza%20Gonzalez%2C%20John%20Bradley%2C%20Alex%20Sharp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Tributes from the UAE's personal finance community

• Sebastien Aguilar, who heads SimplyFI.org, a non-profit community where people learn to invest Bogleheads’ style

“It is thanks to Jack Bogle’s work that this community exists and thanks to his work that many investors now get the full benefits of long term, buy and hold stock market investing.

Compared to the industry, investing using the common sense approach of a Boglehead saves a lot in costs and guarantees higher returns than the average actively managed fund over the long term. 

From a personal perspective, learning how to invest using Bogle’s approach was a turning point in my life. I quickly realised there was no point chasing returns and paying expensive advisers or platforms. Once money is taken care off, you can work on what truly matters, such as family, relationships or other projects. I owe Jack Bogle for that.”

• Sam Instone, director of financial advisory firm AES International

"Thought to have saved investors over a trillion dollars, Jack Bogle’s ideas truly changed the way the world invests. Shaped by his own personal experiences, his philosophy and basic rules for investors challenged the status quo of a self-interested global industry and eventually prevailed.  Loathed by many big companies and commission-driven salespeople, he has transformed the way well-informed investors and professional advisers make decisions."

• Demos Kyprianou, a board member of SimplyFI.org

"Jack Bogle for me was a rebel, a revolutionary who changed the industry and gave the little guy like me, a chance. He was also a mentor who inspired me to take the leap and take control of my own finances."

• Steve Cronin, founder of DeadSimpleSaving.com

"Obsessed with reducing fees, Jack Bogle structured Vanguard to be owned by its clients – that way the priority would be fee minimisation for clients rather than profit maximisation for the company.

His real gift to us has been the ability to invest in the stock market (buy and hold for the long term) rather than be forced to speculate (try to make profits in the shorter term) or even worse have others speculate on our behalf.

Bogle has given countless investors the ability to get on with their life while growing their wealth in the background as fast as possible. The Financial Independence movement would barely exist without this."

• Zach Holz, who blogs about financial independence at The Happiest Teacher

"Jack Bogle was one of the greatest forces for wealth democratisation the world has ever seen.  He allowed people a way to be free from the parasitical "financial advisers" whose only real concern are the fat fees they get from selling you over-complicated "products" that have caused millions of people all around the world real harm.”

• Tuan Phan, a board member of SimplyFI.org

"In an industry that’s synonymous with greed, Jack Bogle was a lone wolf, swimming against the tide. When others were incentivised to enrich themselves, he stood by the ‘fiduciary’ standard – something that is badly needed in the financial industry of the UAE."

Our legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

UAE currency: the story behind the money in your pockets
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
'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Ads on social media can 'normalise' drugs

A UK report on youth social media habits commissioned by advocacy group Volteface found a quarter of young people were exposed to illegal drug dealers on social media.

The poll of 2,006 people aged 16-24 assessed their exposure to drug dealers online in a nationally representative survey.

Of those admitting to seeing drugs for sale online, 56 per cent saw them advertised on Snapchat, 55 per cent on Instagram and 47 per cent on Facebook.

Cannabis was the drug most pushed by online dealers, with 63 per cent of survey respondents claiming to have seen adverts on social media for the drug, followed by cocaine (26 per cent) and MDMA/ecstasy, with 24 per cent of people.

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
TECH%20SPECS%3A%20APPLE%20IPHONE%2014%20PLUS
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%206.1%22%20Super%20Retina%20XDR%20OLED%2C%202778%20x%201284%2C%20458ppi%2C%20HDR%2C%20True%20Tone%2C%20P3%2C%201200%20nits%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20A15%20Bionic%2C%206-core%20CPU%2C%205-core%20GPU%2C%2016-core%20Neural%20Engine%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%206GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%20128%2F256%2F512GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20iOS%2016%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%3A%3C%2Fstrong%3E%20Dual%2012MP%20main%20(f%2F1.5)%20%2B%2012MP%20ultra-wide%20(f%2F2.4)%3B%202x%20optical%2C%205x%20digital%3B%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%2C%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMain%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F3060fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20%40%2030fps%3B%20HD%20slo-mo%20%40%20120%2F240fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%3A%3C%2Fstrong%3E%2012MP%20TrueDepth%20(f%2F1.9)%2C%20Photonic%20Engine%2C%20Deep%20Fusion%2C%20Smart%20HDR%204%3B%20Animoji%2C%20Memoji%3B%20Portrait%20Lighting%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFront%20camera%20video%3A%3C%2Fstrong%3E%204K%20%40%2024%2F25%2F3060fps%2C%20full-HD%20%40%2025%2F30%2F60fps%2C%20HD%20slo-mo%20%40%20120fps%3B%20night%2C%20time%20lapse%2C%20cinematic%2C%20action%20modes%3B%20Dolby%20Vision%2C%204K%20HDR%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%204323%20mAh%2C%20up%20to%2026h%20video%2C%2020h%20streaming%20video%2C%20100h%20audio%3B%20fast%20charge%20to%2050%25%20in%2030m%3B%20MagSafe%2C%20Qi%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBiometrics%3A%3C%2Fstrong%3E%20Face%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Lightning%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20Dual%20eSIM%20%2F%20eSIM%20%2B%20SIM%20(US%20models%20use%20eSIMs%20only)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Blue%2C%20midnight%2C%20purple%2C%20starlight%2C%20Product%20Red%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20iPhone%2014%2C%20USB-C-to-Lightning%20cable%2C%20one%20Apple%20sticker%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Dh3%2C799%20%2F%20Dh4%2C199%20%2F%20Dh5%2C049%3C%2Fp%3E%0A
Profile of VoucherSkout

Date of launch: November 2016

Founder: David Tobias

Based: Jumeirah Lake Towers

Sector: Technology

Size: 18 employees

Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake

Investors: Seed round was self-funded with “millions of dollars” 

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

How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

•   Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

The specs: 2017 Ford F-150 Raptor

Price, base / as tested Dh220,000 / Dh320,000

Engine 3.5L V6

Transmission 10-speed automatic

Power 421hp @ 6,000rpm

Torque 678Nm @ 3,750rpm

Fuel economy, combined 14.1L / 100km

The biog

Alwyn Stephen says much of his success is a result of taking an educated chance on business decisions.

His advice to anyone starting out in business is to have no fear as life is about taking on challenges.

“If you have the ambition and dream of something, follow that dream, be positive, determined and set goals.

"Nothing and no-one can stop you from succeeding with the right work application, and a little bit of luck along the way.”

Mr Stephen sells his luxury fragrances at selected perfumeries around the UAE, including the House of Niche Boutique in Al Seef.

He relaxes by spending time with his family at home, and enjoying his wife’s India cooking. 

Results

2.30pm: Expo 2020 Dubai – Conditions (PA) Dh80,000 (Dirt) 1,600m; Winner: Barakka, Ray Dawson (jockey), Ahmad bin Harmash (trainer)

3.05pm: Now Or Never – Maiden (TB) Dh82,500 (Turf) 1,600m; Winner: One Idea, Andrea Atzeni, Doug Watson

3.40pm: This Is Our Time – Handicap (TB) Dh82,500 (D) 1,600m; Winner: Perfect Balance, Tadhg O’Shea, Bhupat Seemar

4.15pm: Visit Expo 2020 – Handicap (TB) Dh87,500 (T) 1,600m; Winner: Kaheall, Richard Mullen, Salem bin Ghadayer

4.50pm: The World In One Place – Handicap (TB) Dh95,000 (T) 1.900m; Winner: Castlebar, Adrie de Vries, Helal Al Alawi

5.25pm: Vision – Handicap (TB) Dh95,000 (D) 1,200m; Winner: Shanty Star, Richard Mullen, Rashed Bouresly

6pm: Al Wasl Plaza – Handicap (TB) Dh95,000 (T) 1,200m; Winner: Jadwal, Dane O’Neill, Doug Watson

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

COMPANY%20PROFILE
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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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

Engine: Dual 180kW and 300kW front and rear motors

Power: 480kW

Torque: 850Nm

Transmission: Single-speed automatic

Price: From Dh359,900 ($98,000)

On sale: Now

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Napoleon
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Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

THE SPECS

Engine: 6.0-litre, twin-turbocharged W12

Transmission: eight-speed automatic

Power: 626bhp

Torque: 900Nm

Price: Dh1,050,000

On sale: now

Company%20profile
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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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Getting%20there%20and%20where%20to%20stay
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'My Son'

Director: Christian Carion

Starring: James McAvoy, Claire Foy, Tom Cullen, Gary Lewis

Rating: 2/5

The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

'Fantastic Beasts: The Secrets of Dumbledore'

Rating: 3/5

Directed by: David Yates

Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law

Updated: October 24, 2023, 1:34 PM