Hundreds of millions of people are facing starvation worldwide, the head of the United Nations’ World Food Programme (WFP) said after the 2020 Nobel Peace Prize ceremony on Thursday.
David Beasley, the WFP’s executive director, said officials were already having to decide “which children die and which do not”.
The WFP was named as the winner of the Nobel Peace Prize in October. Instead of the usual ceremony at the Oslo City Hall before dignitaries including Norway's King Harald, the award was presented in Rome at the WFP headquarters because of the coronavirus pandemic.
Mr Beasley said 200 million people – equivalent to the combined populations of Britain, Germany, France and Italy – were on the brink of famine.
“Because of so many wars, climate change, the widespread use of hunger as a political and military weapon, and a global health pandemic that makes all of that exponentially worse – 270 million people are marching towards starvation," he said.
"Failure to address their needs will cause a hunger pandemic which will dwarf the impact of Covid. And if that's not bad enough, out of that 270 million, 30 million depend on us 100 per cent for their survival.”
The WFP provides food assistance to 100 million people in 88 countries. It was recognised by the Nobel committee “for its efforts to combat global hunger, its efforts in bringing peace in conflict areas and acting as a driving force to prevent the use of hunger as a weapon”.
But Mr Beasley said the WFP was underfunded and needed an additional $5 billion to meet the world’s food needs.
“What tears me up inside is this: this coming year millions and millions of my equals, your neighbours, my neighbours, are on the brink of starvation,” he said. “When we don’t have the money, we have to decide which children do not eat, which children die and which do not. How would you like that job?”
According to its website, the WFP received about $6.7bn in funding from donor nations in 2020.
WFP officials are expected to travel to Oslo at a later stage to deliver the traditional Nobel lecture. The remaining Nobel awards – for medicine, physics, chemistry, literature and economics, which are traditionally handed out in Stockholm – have been moved online.
The ceremonies are held every year on December 10, the anniversary of the death of Swedish industrialist Alfred Nobel, who founded the awards in his 1895 will.
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
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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
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
UAE players with central contracts
Rohan Mustafa, Ashfaq Ahmed, Chirag Suri, Rameez Shahzad, Shaiman Anwar, Adnan Mufti, Mohammed Usman, Ghulam Shabbir, Ahmed Raza, Qadeer Ahmed, Amir Hayat, Mohammed Naveed and Imran Haider.
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Co-founders of the company: Vilhelm Hedberg and Ravi Bhusari
Launch year: In 2016 ekar launched and signed an agreement with Etihad Airways in Abu Dhabi. In January 2017 ekar launched in Dubai in a partnership with the RTA.
Number of employees: Over 50
Financing stage: Series B currently being finalised
Investors: Series A - Audacia Capital
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Like a Fading Shadow
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Translated from the Spanish by Camilo A. Ramirez
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