• Russian peacekeeping military vehicles outside Lachin after Moscow brokered a truce in the Armenian-majority breakaway region of Nagorno-Karabakh on November 10, 2020. AFP
    Russian peacekeeping military vehicles outside Lachin after Moscow brokered a truce in the Armenian-majority breakaway region of Nagorno-Karabakh on November 10, 2020. AFP
  • Azerbaijan's President Ilham Aliyev welcomes Turkish President Recep Tayyip Erdogan, right, as they attend a parade in the Azerbaijani capital Baku on December 10, 2020 to celebration the end of fighting in Nagorno-Karabakh. Turkish Presidency via AP
    Azerbaijan's President Ilham Aliyev welcomes Turkish President Recep Tayyip Erdogan, right, as they attend a parade in the Azerbaijani capital Baku on December 10, 2020 to celebration the end of fighting in Nagorno-Karabakh. Turkish Presidency via AP
  • Azerbaijani troops march during a celebration parade in Baku on December 10, 2020. AP Photo
    Azerbaijani troops march during a celebration parade in Baku on December 10, 2020. AP Photo
  • Members of a Turkish forces commando brigade take part in the military parade in Baku, Azerbaijan, on December 10, 2020. AP Photo
    Members of a Turkish forces commando brigade take part in the military parade in Baku, Azerbaijan, on December 10, 2020. AP Photo
  • An Azeri army armoured vehicle with mounted with a drone drives during the parade in Baku. Reuters
    An Azeri army armoured vehicle with mounted with a drone drives during the parade in Baku. Reuters
  • Protesters rally in the Armenian capital Yerevan on December 11, 2020 to demand the resignation of Prime Minister Nikol Pashinyan over a peace agreement with Azerbaijan that ended six weeks of war over the disputed region of Nagorno-Karabakh. AFP
    Protesters rally in the Armenian capital Yerevan on December 11, 2020 to demand the resignation of Prime Minister Nikol Pashinyan over a peace agreement with Azerbaijan that ended six weeks of war over the disputed region of Nagorno-Karabakh. AFP
  • Police arrest a protester during a demonstration against Armenian Prime Minister Nikol Pashinyan in Yerevan. Armenians are upset by the government's agreement to cede three districts of Nagorno-Karabakh to Azerbaijan in addition four others seized by Azerbaijani forces during the fighting that began on September 27, 2020. AFP
    Police arrest a protester during a demonstration against Armenian Prime Minister Nikol Pashinyan in Yerevan. Armenians are upset by the government's agreement to cede three districts of Nagorno-Karabakh to Azerbaijan in addition four others seized by Azerbaijani forces during the fighting that began on September 27, 2020. AFP
  • Marine Sargasyan, left, her stepdaughter Anzhelika Astribabayan and her grandchildren children take refuge in a hotel room in Nagorno-Karabakh's main city of Stepanakert after fleeing the nearby town of Shusha. AFP
    Marine Sargasyan, left, her stepdaughter Anzhelika Astribabayan and her grandchildren children take refuge in a hotel room in Nagorno-Karabakh's main city of Stepanakert after fleeing the nearby town of Shusha. AFP
  • Two men repair the roof of a house destroyed by fighting in Stepanakert. AFP
    Two men repair the roof of a house destroyed by fighting in Stepanakert. AFP
  • A vendor sells a traditional bread at a street market in Karabakh's main city of Stepanakert on November 28, 2020. AFP
    A vendor sells a traditional bread at a street market in Karabakh's main city of Stepanakert on November 28, 2020. AFP
  • Elmira Grigoryan, 70, a refugee from the village of Vazgenashen which is under the control of Azerbaijan, queues to receive a food package in Stepanakert. AFP
    Elmira Grigoryan, 70, a refugee from the village of Vazgenashen which is under the control of Azerbaijan, queues to receive a food package in Stepanakert. AFP

Armenians in post-war Nagorno-Karabakh pin their hopes on Russia


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  • Arabic

The latest war between Armenia and Azerbaijan over Nagorno-Karabakh may be over, but "normality" has not returned to the region.

In many ways, it never will.

This is clearly visible along the road to the capital, Stepanakert, as it passes by the entrance to Shushi, a city a few kilometres away. After half a dozen sandbagged Russian peacekeeping positions, a large new sign emblazoned with the city's Azerbaijani name, Shusha, and flanked by the flags of Azerbaijan and Turkey. Russian troops guide vehicles past two fortified Azerbaijani checkpoints, with heavily armed Azerbaijani soldiers a few hundred metres away. Stepanakert, and indeed Karabakh, still feels like it is under siege.

A sign bearing the flags of Azerbaijan and Turkey outside the city of Shushi in Nagorno-Karabakh displays its Azerbaijani name, Susha. Neil Hauer for The National
A sign bearing the flags of Azerbaijan and Turkey outside the city of Shushi in Nagorno-Karabakh displays its Azerbaijani name, Susha. Neil Hauer for The National

In Stepanakert, life has returned with startling speed. Barely three weeks since the entire capital was emptied of civilians as Azerbaijani forces closed in during the waning days of the war, the streets are once again packed with people. Stores are stocked and operating, streets have been cleared of debris, and although Armenian Karabakh soldiers in uniform are still omnipresent, so too are civilians going about their lives.

The veneer of normality is misleading. The first conversations with locals reveal that life now is nothing like it was before.

There are two main centres of life in Stepanakert these days. One is the social affairs office, where people gather to receive a one-time relief payment of 83,000 dram, roughly $170, from the Armenian Karabakh administration.

Mikael, 71, is a retiree from the village of Vazgenashen, which has since reassumed it Azerbaijani name, Gyulably. It was handed over to Azerbaijani control as part of Agdam region on November 20, as one of the conditions of the ceasefire deal.

“The clothes you see me in are all I have,” Mikael says, rubbing his hands to keep warm in the cold morning air. “We don’t have a home, we hardly have any of our possessions. We barely have our lives, and who knows for how much longer,” he adds grimly.

Damage from the latest war with Azerbaijan is still visible in the market in Stepanakert, the main city in the Nagorno-Karabakh region. Neil Hauer for The National
Damage from the latest war with Azerbaijan is still visible in the market in Stepanakert, the main city in the Nagorno-Karabakh region. Neil Hauer for The National

Asya Arushudyan, a 26-year-old teacher of Russian and mother of three, has similar problems despite being two generations younger.

“I am happy we were able to return to our country,” she says with a cautious smile. “But we are still afraid. The Azerbaijanis are right there,” she says, pointing in the direction of Shushi, visible on a high hillside just a few kilometres away.

Ella Mirzoyan, a 53-year-old schoolteacher, captures the mood. “We’re still afraid,” she says, having just returned to Stepanakert after leaving on the first day of the war, September 27. “I hope the Russians will be able to protect us.”

"The Russians" are the topic of the moment in Karabakh these days.

If the Russians weren't here now, then we wouldn't have come back

Russia has officially deployed just under 2,000 peacekeepers to Karabakh, along with 90 combat vehicles and 360 other vehicles. Inside Stepanakert, they are more of an occasional sight: a Russian humvee might pass by an intersection, its tricolour waving conspicuously from the hood.

Outside the capital, it is a different story. Russian armoured vehicles and emplacements are everywhere, with small – and sometimes large – convoys constantly traversing the landscape.

“I think the Russians have brought 2,000 BTRs alone,” jokes Vazgen, a taxi driver, referring to the Russian infantry fighting vehicle that is now a ubiquitous feature of Karabakh’s roads.

The Russians are all many people feel they have left to place their hope in.

Karine Aghajanyan, a 46-year-old salon worker in Stepanakert, hopes Russia will offer recognition to the Nagorno-Karabakh region. Neil Hauer for The National
Karine Aghajanyan, a 46-year-old salon worker in Stepanakert, hopes Russia will offer recognition to the Nagorno-Karabakh region. Neil Hauer for The National

Conversations at Stepanakert’s marketplace, the other main congregation point, revolve around two topics: betrayal by Armenian authorities, and the salvation to be found in Moscow.

Silva, 53, is a fixture at the market, where she is one of a number of women selling "zhingyalov hats", the herb-stuffed flatbread considered Karabakh’s national dish.

She does not mince words when discussing the outcome of the war, and her opinion of Nikol Pashinyan, Armenia’s prime minister.

“Pashinyan did this,” she says. “He sold us. He brought everyone to Yerevan so he could sell us to the Turks,” she said, referring to the November 8 evacuation of civilians from Stepanakert.

The loss of swathes of Armenian-populated land in Karabakh as a result of the military defeat and truce deal is a particular source of anger.

Mr Pashinyan "should have made some diplomatic deal at the start, if that’s what was necessary”, Silva says.

“He could have given back the seven regions,” she adds, referring to Azerbaijani territory surrounding Karabakh that Armenian forces occupied in the first war from 1988-94 and held until October.

“Instead, he has now also given regions where Armenians have lived for thousands of years. You can walk on the street and see people from Hadrut, from Martuni and Martakert. They have nothing,” she says, referring to areas Armenian-majority areas fully or partially handed over to Azerbaijan.

Like others, she sees Karabakh’s only hope in Russia.

“If the Russians weren’t here now, then we wouldn’t have come back,” she says. “Russia is our saviour.”

Others go yet further in their hopes for Russia, among them Karine Aghajanyan, a 46-year-old salon worker who says her house was hit by Azerbaijanis bombardment on November 8.

“I came here from Baku in 1989. Now the Azerbaijanis have come here for me, too,” Ms Aghajanyan says.

“Honestly, I hope that Russia will just make us like Abkhazia,” she says, referring to another breakaway enclave in the Caucasus whose self-declared independence Russia has recognised and whose citizens have been granted Russian passports.

“We can just become a province of Russia. I have no problem with that.”

For Ms Aghajanyan, and others, the lost war showed that Armenia cannot guarantee Karabakh’s security – and that Russia is the only protector left.

“Our army fought so hard. I am so proud of our soldiers,” she says.

“But obviously Nikol [Pashinyan] could not defend us. So, let Russia do it. We are better off with them anyway.”

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.

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
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

Karwaan

Producer: Ronnie Screwvala

Director: Akarsh Khurana

Starring: Irrfan Khan, Dulquer Salmaan, Mithila Palkar

Rating: 4/5

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%3Cp%3E%3Cstrong%3EDeveloper%3A%20%3C%2Fstrong%3EMax%20Inferno%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20Mac%2C%20Nintendo%20Switch%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%26nbsp%3B%3C%2Fp%3E%0A
IF YOU GO

The flights

FlyDubai flies direct from Dubai to Skopje in five hours from Dh1,314 return including taxes. Hourly buses from Skopje to Ohrid take three hours.

The tours

English-speaking guided tours of Ohrid town and the surrounding area are organised by Cultura 365; these cost €90 (Dh386) for a one-day trip including driver and guide and €100 a day (Dh429) for two people. 

The hotels

Villa St Sofija in the old town of Ohrid, twin room from $54 (Dh198) a night.

St Naum Monastery, on the lake 30km south of Ohrid town, has updated its pilgrims' quarters into a modern 3-star hotel, with rooms overlooking the monastery courtyard and lake. Double room from $60 (Dh 220) a night.

 

Story%20behind%20the%20UAE%20flag
%3Cp%3EThe%20UAE%20flag%20was%20first%20unveiled%20on%20December%202%2C%201971%2C%20the%20day%20the%20UAE%20was%20formed.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIt%20was%20designed%20by%20Abdullah%20Mohammed%20Al%20Maainah%2C%2019%2C%20an%20Emirati%20from%20Abu%20Dhabi.%C2%A0%3C%2Fp%3E%0A%3Cp%3EMr%20Al%20Maainah%20said%20in%20an%20interview%20with%20%3Cem%3EThe%20National%3C%2Fem%3E%20in%202011%20he%20chose%20the%20colours%20for%20local%20reasons.%C2%A0%3C%2Fp%3E%0A%3Cp%3EThe%20black%20represents%20the%20oil%20riches%20that%20transformed%20the%20UAE%2C%20green%20stands%20for%20fertility%20and%20the%20red%20and%20white%20colours%20were%20drawn%20from%20those%20found%20in%20existing%20emirate%20flags.%3C%2Fp%3E%0A
The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Law%2041.9.4%20of%20men%E2%80%99s%20T20I%20playing%20conditions
%3Cp%3EThe%20fielding%20side%20shall%20be%20ready%20to%20start%20each%20over%20within%2060%20seconds%20of%20the%20previous%20over%20being%20completed.%0D%3Cbr%3EAn%20electronic%20clock%20will%20be%20displayed%20at%20the%20ground%20that%20counts%20down%20seconds%20from%2060%20to%20zero.%0D%3Cbr%3EThe%20clock%20is%20not%20required%20or%2C%20if%20already%20started%2C%20can%20be%20cancelled%20if%3A%0D%3Cbr%3E%E2%80%A2%09A%20new%20batter%20comes%20to%20the%20wicket%20between%20overs.%0D%3Cbr%3E%E2%80%A2%09An%20official%20drinks%20interval%20has%20been%20called.%0D%3Cbr%3E%E2%80%A2%09The%20umpires%20have%20approved%20the%20on%20field%20treatment%20of%20an%20injury%20to%20a%20batter%20or%20fielder.%0D%3Cbr%3E%E2%80%A2%09The%20time%20lost%20is%20for%20any%20circumstances%20beyond%20the%20control%20of%20the%20fielding%20side.%0D%3Cbr%3E%E2%80%A2%09The%20third%20umpire%20starts%20the%20clock%20either%20when%20the%20ball%20has%20become%20dead%20at%20the%20end%20of%20the%20previous%20over%2C%20or%20a%20review%20has%20been%20completed.%0D%3Cbr%3E%E2%80%A2%09The%20team%20gets%20two%20warnings%20if%20they%20are%20not%20ready%20to%20start%20overs%20after%20the%20clock%20reaches%20zero.%0D%3Cbr%3E%E2%80%A2%09On%20the%20third%20and%20any%20subsequent%20occasion%20in%20an%20innings%2C%20the%20bowler%E2%80%99s%20end%20umpire%20awards%20five%20runs.%0D%3Cbr%3E%3C%2Fp%3E%0A

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.”

The biog

Hobby: "It is not really a hobby but I am very curious person. I love reading and spend hours on research."

Favourite author: Malcom Gladwell 

Favourite travel destination: "Antigua in the Caribbean because I have emotional attachment to it. It is where I got married."

Managing the separation process

  • Choose your nursery carefully in the first place
  • Relax – and hopefully your child will follow suit
  • Inform the staff in advance of your child’s likes and dislikes.
  • If you need some extra time to talk to the teachers, make an appointment a few days in advance, rather than attempting to chat on your child’s first day
  • The longer you stay, the more upset your child will become. As difficult as it is, walk away. Say a proper goodbye and reassure your child that you will be back
  • Be patient. Your child might love it one day and hate it the next
  • Stick at it. Don’t give up after the first day or week. It takes time for children to settle into a new routine.And, finally, don’t feel guilty.  
The%20specs
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COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

HAJJAN
%3Cp%3EDirector%3A%20Abu%20Bakr%20Shawky%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3EStarring%3A%20Omar%20Alatawi%2C%20Tulin%20Essam%2C%20Ibrahim%20Al-Hasawi%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
About RuPay

A homegrown card payment scheme launched by the National Payments Corporation of India and backed by the Reserve Bank of India, the country’s central bank

RuPay process payments between banks and merchants for purchases made with credit or debit cards

It has grown rapidly in India and competes with global payment network firms like MasterCard and Visa.

In India, it can be used at ATMs, for online payments and variations of the card can be used to pay for bus, metro charges, road toll payments

The name blends two words rupee and payment

Some advantages of the network include lower processing fees and transaction costs

UAE FIXTURES

October 18 – 7.30pm, UAE v Oman, Zayed Cricket Stadium, Abu Dhabi
October 19 – 7.30pm, UAE v Ireland, Zayed Cricket Stadium, Abu Dhabi
October 21 – 2.10pm, UAE v Hong Kong, Zayed Cricket Stadium, Abu Dhabi
October 22 – 2.10pm, UAE v Jersey, Zayed Cricket Stadium, Abu Dhabi
October 24 – 10am, UAE v Nigeria, Abu Dhabi Cricket Oval 1
October 27 – 7.30pm, UAE v Canada, Zayed Cricket Stadium, Abu Dhabi

October 29 – 2.10pm, Playoff 1 – A2 v B3; 7.30pm, Playoff 2 – A3 v B2, at Dubai International Stadium.
October 30 – 2.10pm, Playoff 3 – A4 v Loser of Play-off 1; 7.30pm, Playoff 4 – B4 v Loser of Play-off 2 at Dubai International Stadium

November 1 – 2.10pm, Semifinal 1 – B1 v Winner of Play-off 1; 7.30pm, Semifinal 2 – A1 v Winner of Play-off 2 at Dubai International Stadium
November 2 – 2.10pm, Third place Playoff – B1 v Winner of Play-off 1; 7.30pm, Final, at Dubai International Stadium