• British actress Emma Thompson participates at an Extinction Rebellion climate change demonstration at Oxford Circus in London. EPA
    British actress Emma Thompson participates at an Extinction Rebellion climate change demonstration at Oxford Circus in London. EPA
  • Emma Thompson speaks from a boat lodged in the ground by protesters. EPA
    Emma Thompson speaks from a boat lodged in the ground by protesters. EPA
  • Climate change activists participate in a funeral march during the Extinction Rebellion protest in Vienna. Reuters
    Climate change activists participate in a funeral march during the Extinction Rebellion protest in Vienna. Reuters
  • A student takes part in the Fridays For Future rally in Piazza del Popolo in Rome. AFP
    A student takes part in the Fridays For Future rally in Piazza del Popolo in Rome. AFP
  • Swedish climate activist Greta Thunberg attends the demonstration 'Climate: time changes. It's time to change' in Rome. EPA
    Swedish climate activist Greta Thunberg attends the demonstration 'Climate: time changes. It's time to change' in Rome. EPA

Climate protesters bring the streets of Europe to a standstill


Taylor Heyman
  • English
  • Arabic

Protesters blocked access to multinational corporations in France on Friday, while youth activists in London staged a peaceful protest outside Britain's busiest airport as part of a wave of demonstrations urging governments to act against climate change.

Activist group Extinction Rebellion started a fifth day of protests outside Heathrow airport. Campaigners, predominantly under the age of the 30, wept and sang on the roadside around a mile away from two of the terminals.

Around a dozen teenagers, some as young as 13, held a banner which read "Are we the last generation?"

British actress Emma Thompson told crowds "our planet is in trouble" at a gathering of protesters in Oxford Circus, central London.

The Nanny McPhee star spoke from a pink boat, which officials said had been locked to the ground by the activists.

Police officers later encircled the boat, which had "Tell the Truth" written on its side.

A protest organised by Greenpeace saw activists prevent hundreds of employees from getting to work at the headquarters of French bank Societe Generale, state-run utility EDF and oil giant Total in Paris.

The environmental organisation said the companies were contributing towards global warming.

Demonstrations, which began in London, had spread to the rest of Europe by Thursday. In Austria, activists blocked city trams while the streets of Sweden’s Gothenburg were closed.

In the Spanish city of Barcelona, protesters arranged themselves in the shape of Extinction Rebellion's egg-timer logo.

The protests spread as far as New York, where campaigners temporarily blocked the Brooklyn Bridge.

The campaigners are urging governments to declare a climate emergency, reduce greenhouse gas emissions to zero by 2025 and stop the loss of biodiversity.

They also demand the establishment of "citizens assemblies on climate and ecological justice".

All ages are represented on the protests, which bear striking similarity to the Cold War nuclear disarmament assemblies.

In London on Thursday, Extinction Rebellion disrupted transport in the main shopping areas of Oxford Circus and Marble Arch, and gathered in Parliament Square and across Waterloo and Vauxhall bridges.

Pupils joined their parents in yelling “We love you” at passers-by. Grandparents danced to musical performances.

People in their twenties through to their seventies stepped up to be arrested as police repeatedly attempted to clear the occupied areas.

Each area has an induction stand to welcome newcomers to the movement and instruct them in how they should behave.

Drugs and alcohol are banned as food and drinks are handed out.

Police officers detain a climate change activist at Waterloo Bridge during the Extinction Rebellion. Reuters
Police officers detain a climate change activist at Waterloo Bridge during the Extinction Rebellion. Reuters

London's Marble Arch hosted a family-friendly area, with therapy tents and a performance stage.

Hena, 35, brought her two children to join the protests. Her son asks for help in spelling as he writes “Too much pollution” on a wall in chalk.

The family is surrounded by others lazing in the sunshine among the tents filling the park, watching speeches on the stage or helping an older man spray-paint T-shirts with the Extinction Rebellion logo.

“I feel quite hopeless actually but it’s not my personality to sit at home and mope,” Hena said.

“My son watches documentaries and is quite aware that he doesn't see as many bees as he used to.

"I don't want him to just watch documentaries about how everything is being destroyed without feeling that there is a forum where he can at least say that he doesn't agree.”

Images of the protest are posted on Instagram and shared, encouraging more people to join in.

Sandy, 65, joined the protests on Thursday after seeing coverage online. Taylor Heyman / The National
Sandy, 65, joined the protests on Thursday after seeing coverage online. Taylor Heyman / The National

Sandy, a retired archaeologist, joined Thursday’s protest after seeing the demonstrations on television.

“I reached my breaking point yesterday and got on the train this morning feeling really quite nervous and frightened,” Sandy said.

“But this is a wonderful group of people and the best form of protest – peaceful, non-violent protest to make our point.

"We just have to pray it works.”

Extinction Rebellion burst on to TV screens in November 2018, when police arrested more than 70 people for blocking five bridges across London's River Thames.

Marion, 59, a magazine editor, praised the actions countries such as the UAE have taken to lessen climate damage but says it is not enough.

“The UAE has done fantastic adaptation and mitigation stuff, very innovative stuff to try to plan for the future, but we've got to do  more than just adapting and mitigating,” Marion said.

“We're calling on governments around the world to declare a climate emergency. I've got children in their twenties. I've got a grandchild. I can't bear the thought of what they are going to have to struggle with."

As of Thursday evening, police had arrested more than 480 people related to the protest.

But officers have been criticised for siding with the demonstrators after video emerged of some dancing in the street.

Police chiefs said that the behaviour was unacceptable.

"We expect our officers to engage with protesters but clearly their actions fall short of the tone of the policing operation," Cmdr Jane Connors said.

Sajid Javid, the Home Secretary, called on police commanders to use the full force of the law.

“I totally condemn any protesters who are stepping outside boundaries of law,” Mr Javid said.

“They have no right to cause misery for the millions who are trying to lead their daily lives. Unlawful behaviour will not be tolerated.”

Meanwhile, veteran broadcaster Sir David Attenborough warned: "If we have not taken dramatic action within the next decade, we could face irreversible damage to the natural world and the collapse of our societies."

Attenborough issued the stark warning in a programme focusing on the facts of climate change, which was broadcast in the UK on Thursday night.

Teenage climate activist Greta Thunberg has become the voice of her generation. Speaking to the EU parliament on Tuesday, she chided leaders for focusing too heavily on Brexit.

Matilda, 18, protesting in the sunshine at Oxford Circus, agreed with Ms Thunberg’s sentiments.

"We don't really want to hear about Brexit," Matilda said. "We want to see the government addressing what we think is really critical right now."

Matilda, 18, joined the schools climate strike in February and decided to take more action on Thursday. Taylor Heyman / The National
Matilda, 18, joined the schools climate strike in February and decided to take more action on Thursday. Taylor Heyman / The National

Matilda is apologetic about the disruption caused to people's daily lives but said she felt the action was worth it.

“It's not personal towards people being disrupted, but it is necessary," she said. "We need to stop climate change by pretty much any means we can.”

Like Matilda, three young women excitedly striding from Marble Arch to Oxford Circus up Oxford Street began protesting at the school climate strikes in February.

Joany, 16,  says “The more we do about it, I feel like they are just getting angrier and I feel like it's getting a response that we do need,” said Joany, 16.

“It's really going to affect us the most, I think it’s fair to say. We are going to have to deal with the consequences the most.”

Francesca, 16, agrees: “Why get an education if you don’t listen to the educated?”

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

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.”