A soldier on patrol at the Eiffel Tower on Monday with France on high alert after the attack in Russia on Friday. AP
A soldier on patrol at the Eiffel Tower on Monday with France on high alert after the attack in Russia on Friday. AP
A soldier on patrol at the Eiffel Tower on Monday with France on high alert after the attack in Russia on Friday. AP
A soldier on patrol at the Eiffel Tower on Monday with France on high alert after the attack in Russia on Friday. AP

France raises terror alert after ISIS attack in Moscow


Tim Stickings
  • English
  • Arabic

France has raised its terror alert level to the maximum after the ISIS mass shooting in Moscow triggered fears of renewed Islamist violence in Europe.

President Emmanuel Macron said the ISIS branch behind the atrocity in Russia had "also made several attempts" to launch attacks on French soil.

He said French intelligence findings backed the ISIS claim of responsibility for the Moscow concert hall shooting, which killed 137 people. "This attack was claimed by ISIS and the information available to us, to our [intelligence] services as well as to our main partners, indicates indeed that it was an entity of ISIS which instigated this attack," he said. "This group has attempted several times to hit France."

It was Europe's worst such attack in years, reviving memories of a spate of atrocities in France in 2015 and 2016.

Paris is already on high alert as it prepares to host the 2024 summer Olympics, and the heightened threat level allows for ramped-up security patrols.

The threat was raised “taking into account the ISIS claim of responsibility for the attack and the threats weighing on our country", the French Prime Minister Gabriel Attal said.

Britain and Germany updated their advice on travel to Russia to warn of terrorist threats.

Mourning in Russia after Moscow attack – in pictures

  • Russian President Vladimir Putin lights a candle to commemorate the victims of a terrorist attack on the Crocus City Hall concert venue on a day of national mourning in Moscow. EPA
    Russian President Vladimir Putin lights a candle to commemorate the victims of a terrorist attack on the Crocus City Hall concert venue on a day of national mourning in Moscow. EPA
  • People gather next to a candle-lit memorial outside the concert venue. Reuters
    People gather next to a candle-lit memorial outside the concert venue. Reuters
  • Mourners at the concert venue. EPA
    Mourners at the concert venue. EPA
  • At least 137 people were killed when gunmen entered the Crocus City Hall, firing indiscriminately before setting it on fire. Reuters
    At least 137 people were killed when gunmen entered the Crocus City Hall, firing indiscriminately before setting it on fire. Reuters
  • The attack, which left more than 140 wounded, was claimed by ISIS. EPA
    The attack, which left more than 140 wounded, was claimed by ISIS. EPA
  • A man lays flowers at a makeshift memorial in Simferopol, Crimea. AFP
    A man lays flowers at a makeshift memorial in Simferopol, Crimea. AFP
  • Mourners gather at a makeshift memorial in front of the Russian embassy in Yerevan, Armenia. AFP
    Mourners gather at a makeshift memorial in front of the Russian embassy in Yerevan, Armenia. AFP
  • An electronic screen displays the message 'We mourn' in memory of the victims of the shooting attack, in Moscow. Reuters
    An electronic screen displays the message 'We mourn' in memory of the victims of the shooting attack, in Moscow. Reuters
  • Mr Putin condemned the massacre as a 'barbaric terrorist act'. EPA
    Mr Putin condemned the massacre as a 'barbaric terrorist act'. EPA
  • Flags fly at half-mast above the Kremlin in Moscow. EPA
    Flags fly at half-mast above the Kremlin in Moscow. EPA
  • An advertising screen at the VTB Arena displays an image of a lit candle, in Moscow. AFP
    An advertising screen at the VTB Arena displays an image of a lit candle, in Moscow. AFP
  • A man mourns outside the concert venue. EPA
    A man mourns outside the concert venue. EPA
  • The Russian FSB said 11 people, including all four terrorists directly involved in the terrorist attack, were arrested. EPA
    The Russian FSB said 11 people, including all four terrorists directly involved in the terrorist attack, were arrested. EPA
  • ISIS claimed responsibility for the assault, saying its fighters 'attacked a large gathering' on the outskirts of the Russian capital. EPA
    ISIS claimed responsibility for the assault, saying its fighters 'attacked a large gathering' on the outskirts of the Russian capital. EPA
  • The Russian national flag is lowered at the headquarters of State Duma, the lower house of parliament. Reuters
    The Russian national flag is lowered at the headquarters of State Duma, the lower house of parliament. Reuters
  • A woman places a lit candle as people attend a memorial service at the Alexander Nevsky Cathedral in Simferopol, Crimea. AFP
    A woman places a lit candle as people attend a memorial service at the Alexander Nevsky Cathedral in Simferopol, Crimea. AFP

In European capitals, the attack prompted rare expressions of sympathy for Russia but also warnings not to try to pin the blame on Ukraine. “Based on everything that is known so far, it can be assumed that the terrorist group “Islamic State Khorasan Province” is responsible for the murderous terrorist attack near Moscow,” said German Interior Minister Nancy Faeser.

Italy followed France on Monday in stepping up security following the attack on a suburban Moscow concert hall. Both surveillance and checks will be increased, “paying the most attention to the places of greatest aggregation and transit of people, as well as sensitive targets,’’ the Italian Interior Ministry said.

While ISIS claimed responsibility for the attack, Russian President Vladimir Putin pointed the finger at Ukraine by claiming the attackers had tried to flee there.

Mr Macron said it would be "both cynical and counterproductive for Russia itself and the security of its citizens to use this context to try and turn it against Ukraine".

Russia has detained four suspected gunmen on terrorism charges, all of whom appeared in a Moscow court with visible cuts and bruises.

France has offered assistance at a "technical and ministerial level" to Russian security services dealing with the attack, Mr Macron said.

He said he would "see how the context evolves" to judge whether a call with Mr Putin was necessary. Their last known conversation was in 2022.

Four men have been remanded by a Moscow court on suspicion of carrying out the attack that killed 137 people. AFP
Four men have been remanded by a Moscow court on suspicion of carrying out the attack that killed 137 people. AFP

Terror threat in Russia

Nato and Russia once held joint counter-terrorism exercises as a shared anti-Islamism agenda provided grounds for co-operation during the 2000s and early 2010s.

However, practical co-operation ended after Russia's annexation of Crimea in 2014 and relations have been in the deep freeze since its full-scale invasion of Ukraine in 2022.

Mr Putin has blamed the West for supporting terrorists in the Caucasus region, where Russia has battled Islamist insurgents for years.

More than 100 people died in a bungled hostage rescue in 2002 after Chechen attackers took hostages at a Moscow theatre. Two years later, scores of children died in a shoot-out with terrorists at a school in Beslan.

The theatre attack was described by the militants as being in support of an independent Chechnya, although they warned “we will take with us the lives of hundreds of sinners”.

Some Chechen militants later jettisoned the idea of nation-states and ethnicities and joined the ISIS project. Some ISIS elements are believed to remain active in the Caucasus.

Like the Chechen rebels before them, the ISIS attackers in Moscow may have seen themselves as part of a wider conflict being fought in the Middle East, involving Russia.

The attack in Moscow recalled a 2002 hostage crisis that ended with more than 100 people being killed in an operation against Chechen militants. Getty Images
The attack in Moscow recalled a 2002 hostage crisis that ended with more than 100 people being killed in an operation against Chechen militants. Getty Images

The US had warned on March 7 of "imminent plans" by extremists to attack large gatherings such as concerts in Moscow.

The shooting on Friday was the first major attack in Europe claimed by the Afghan ISIS branch known as Islamic State Khorasan Province (ISIS-K).

On March 19, two men were arrested in Germany over an alleged ISIS-K plot to carry out a mass shooting in Stockholm.

The ISIS branch ordered the two Afghans involved to plan an attack in retaliation for the burning of the Quran in Sweden and Denmark, prosecutors claim.

Officials in Europe have repeatedly called for vigilance despite ISIS being weakened by its territorial defeats in Iraq and Syria – the group lost the last of the territory it held in those countries in 2019.

The perpetrator of a 2020 shooting in Vienna and the man who murdered the British MP David Amess in 2021 were both identified as ISIS supporters.

The most severe attack in France was the massacre at the Bataclan theatre in 2015 in which 90 people were killed as extremists opened fire on people at a concert. French troops have also fought against extremists in Africa.

UAE rugby in numbers

5 - Year sponsorship deal between Hesco and Jebel Ali Dragons

700 - Dubai Hurricanes had more than 700 playing members last season between their mini and youth, men's and women's teams

Dh600,000 - Dubai Exiles' budget for pitch and court hire next season, for their rugby, netball and cricket teams

Dh1.8m - Dubai Hurricanes' overall budget for next season

Dh2.8m - Dubai Exiles’ overall budget for next season

 

 

MATCH INFO

Manchester United 1 (Rashford 36')

Liverpool 1 (Lallana 84')

Man of the match: Marcus Rashford (Manchester United)

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

Banthology: Stories from Unwanted Nations
Edited by Sarah Cleave, Comma Press

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.”

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

MATCH INFO

Uefa Champioons League semi-final, first leg:

Liverpool 5
Salah (35', 45 1'), Mane (56'), Firmino (61', 68')

Roma 2
Dzeko (81'), Perotti (85' pen)

Second leg: May 2, Stadio Olimpico, Rome

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.

• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.

2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

Bawaal%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nitesh%20Tiwari%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Varun%20Dhawan%2C%20Janhvi%20Kapoor%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%201%2F5%3C%2Fp%3E%0A
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

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A

Christopher Robin
Starring: Ewan McGregor, Haley Atwell, Jim Cummings, Peter Capaldi
Three stars

World Cricket League Division 2

In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.

UAE fixtures

Thursday February 8, v Kenya; Friday February 9, v Canada; Sunday February 11, v Nepal; Monday February 12, v Oman; Wednesday February 14, v Namibia; Thursday February 15, final

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
Indoor cricket in a nutshell

Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

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

 

The Facility’s Versatility

Between the start of the 2020 IPL on September 20, and the end of the Pakistan Super League this coming Thursday, the Zayed Cricket Stadium has had an unprecedented amount of traffic.
Never before has a ground in this country – or perhaps anywhere in the world – had such a volume of major-match cricket.
And yet scoring has remained high, and Abu Dhabi has seen some classic encounters in every format of the game.
 
October 18, IPL, Kolkata Knight Riders tied with Sunrisers Hyderabad
The two playoff-chasing sides put on 163 apiece, before Kolkata went on to win the Super Over
 
January 8, ODI, UAE beat Ireland by six wickets
A century by CP Rizwan underpinned one of UAE’s greatest ever wins, as they chased 270 to win with an over to spare
 
February 6, T10, Northern Warriors beat Delhi Bulls by eight wickets
The final of the T10 was chiefly memorable for a ferocious over of fast bowling from Fidel Edwards to Nicholas Pooran
 
March 14, Test, Afghanistan beat Zimbabwe by six wickets
Eleven wickets for Rashid Khan, 1,305 runs scored in five days, and a last session finish
 
June 17, PSL, Islamabad United beat Peshawar Zalmi by 15 runs
Usman Khawaja scored a hundred as Islamabad posted the highest score ever by a Pakistan team in T20 cricket

RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

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

Bridgerton%20season%20three%20-%20part%20one
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EVarious%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Nicola%20Coughlan%2C%20Luke%20Newton%2C%20Jonathan%20Bailey%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
The years Ramadan fell in May

1987

1954

1921

1888

Updated: March 28, 2024, 12:52 PM