• Lea Wittenborg, right, tests her colleague Annika Tschirbs at the Engel pharmacy in Soest, Germany. Germany's coronavirus infection rate dropped to its lowest level in nearly two months on Friday. AP Photo
    Lea Wittenborg, right, tests her colleague Annika Tschirbs at the Engel pharmacy in Soest, Germany. Germany's coronavirus infection rate dropped to its lowest level in nearly two months on Friday. AP Photo
  • Residents queue at a sports hall to get vaccinated against the coronavirus disease in Berlin, Germany. Reuters
    Residents queue at a sports hall to get vaccinated against the coronavirus disease in Berlin, Germany. Reuters
  • A woman wearing a face mask walks on a bridge over the river Main in Frankfurt, Germany. AP Photo
    A woman wearing a face mask walks on a bridge over the river Main in Frankfurt, Germany. AP Photo
  • People are vaccinated with the Pfizer-BioNTech vaccine in Barcelona, Spain. Spaniards under 60 were invited to receive a vaccination this week, with a target set to vaccinate 70 percent of Spain's population by the end of August. Getty Images
    People are vaccinated with the Pfizer-BioNTech vaccine in Barcelona, Spain. Spaniards under 60 were invited to receive a vaccination this week, with a target set to vaccinate 70 percent of Spain's population by the end of August. Getty Images
  • Tourists leave the international airport of Heraklion upon their arrival to spend their holidays on the island of Crete. Greece kickstarts its tourism season on May 14, with both the government and travel operators hoping the lure of sun, sand and sea will bring a sorely needed revenue boost. AFP
    Tourists leave the international airport of Heraklion upon their arrival to spend their holidays on the island of Crete. Greece kickstarts its tourism season on May 14, with both the government and travel operators hoping the lure of sun, sand and sea will bring a sorely needed revenue boost. AFP
  • People visit the Acropolis Museum, as museums open following the easing of measures against the spread of the coronavirus disease in Athens, Greece. Reuters
    People visit the Acropolis Museum, as museums open following the easing of measures against the spread of the coronavirus disease in Athens, Greece. Reuters
  • A drone photo of participants of a march to express dissatisfaction with the coronavirus restrictive measures in Den Bosch, the Netherlands. EPA
    A drone photo of participants of a march to express dissatisfaction with the coronavirus restrictive measures in Den Bosch, the Netherlands. EPA
  • Preparations are underway on the beach of Bagno Elena in Naples, Italy, as the historic seaside resort of Posillipo will reopen to the public this weekend. EPA
    Preparations are underway on the beach of Bagno Elena in Naples, Italy, as the historic seaside resort of Posillipo will reopen to the public this weekend. EPA
  • Employees attend a meeting at the Paris Zoological Park in the Bois de Vincennes before the reopening in France. Reuters
    Employees attend a meeting at the Paris Zoological Park in the Bois de Vincennes before the reopening in France. Reuters
  • People queue outside a mass vaccination center in Paris, France. Reuters
    People queue outside a mass vaccination center in Paris, France. Reuters

Pope Francis condemns greed and ‘thirst for profit’


Jamie Prentis
  • English
  • Arabic

Pope Francis has condemned global inequality and a world driven by a "thirst for profit" that exploits people.

The Pope, who decried the abuse of natural resources, was explaining how recovery efforts from Covid-19 required an acknowledgement of the "systemic failures" before the pandemic took hold.

“Getting up after any fall requires facing the reasons why we fell and acknowledging the extent to which we ourselves were responsible,” he told the Globsec 2021 Bratislava Forum.

“What I see is a world that allowed itself to be duped by a false and arrogant sense of security based on thirst for profit.

“I see a model of economic and social life marked by many forms of inequality and selfishness where a tiny minority of the world population possesses most of its wealth and does not hesitate to exploit people and resources,” the head of the Catholic Church said via videolink.

He criticised the lack of concern for the environment and destruction “at will” of “what is the property of all”. As a result, he said an “ecological debt” would be borne by future generations and those less wealthy.

Looking ahead, the Pope said the world must take advantage of the current situation.

“The crisis has reminded us that no one is saved alone,” he said. “It points us towards a future in which the equality of every human being is acknowledged not only in theory but in practice, providing individuals and people with equal and real opportunities for development.”

But he warned a failure to act would squander any chances provided by the pandemic.

Addressing the forum in the Slovakian capital, the Pope said he hoped for a “model of recovery capable of generating more inclusive and sustainable solutions … a model of development based on the peaceful coexistence and on harmony with all creation”.

  • Pope Francis arrives to speak to reporters aboard a plane on the way to Abu Dhabi. Reuters
    Pope Francis arrives to speak to reporters aboard a plane on the way to Abu Dhabi. Reuters
  • Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai; Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Pope Francis, Head of the Catholic Church stand for a national anthem during a reception, at the Presidential Palace on the day two of the Holy See's official visit. Rashed Al Mansoori / Ministry of Presidential Affairs
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai; Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Pope Francis, Head of the Catholic Church stand for a national anthem during a reception, at the Presidential Palace on the day two of the Holy See's official visit. Rashed Al Mansoori / Ministry of Presidential Affairs
  • The landmark visit of Pope Francis to Abu Dhabi in February was an extraordinary, momentous occasion broadcast globally Victor Besa / The National
    The landmark visit of Pope Francis to Abu Dhabi in February was an extraordinary, momentous occasion broadcast globally Victor Besa / The National
  • Crowds cheer as Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
    Crowds cheer as Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
  • Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
    Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
  • Pope Francis presents a gift to Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on February 4, 2019. Also seen is Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Ministry of Presidential Affairs photo
    Pope Francis presents a gift to Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on February 4, 2019. Also seen is Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. Ministry of Presidential Affairs photo
  • Pope Francis delivers mass at Zayed Sports City on February 5, 2019. Victor Besa / The National
    Pope Francis delivers mass at Zayed Sports City on February 5, 2019. Victor Besa / The National
  • Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
    Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
  • Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
    Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
  • Pope Francis, Head of the Catholic Church arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
    Pope Francis, Head of the Catholic Church arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
  • Worshippers pray during the mass held. byPope Francis in Abu Dhabi on February 5, 2019. Victor Besa / The National
    Worshippers pray during the mass held. byPope Francis in Abu Dhabi on February 5, 2019. Victor Besa / The National
  • On day two of the UAE papal visit, Pope Francis and Dr Ahmad Al Tayyeb, Grand Imam of the Al Azhar Al Sharif, tour Sheikh Zayed Grand Mosque. Saeed Al Neyadi / Ministry of Presidential Affairs
    On day two of the UAE papal visit, Pope Francis and Dr Ahmad Al Tayyeb, Grand Imam of the Al Azhar Al Sharif, tour Sheikh Zayed Grand Mosque. Saeed Al Neyadi / Ministry of Presidential Affairs
  • Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
    Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
  • Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
    Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
  • Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
    Worshipers attend mass at Zayed Sports City during the Pope's visit. Victor Besa / The National
  • Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
    Pope Francis arrives at the Zayed Sports City to deliver mass on February 5, 2019. Victor Besa / The National
  • Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid announce that the Abrahamic House will be built in Abu Dhabi in honour of Pope Francis and the Grand Imam, Dr Ahmed Al Tayeb.
    Sheikh Mohamed bin Zayed and Sheikh Mohammed bin Rashid announce that the Abrahamic House will be built in Abu Dhabi in honour of Pope Francis and the Grand Imam, Dr Ahmed Al Tayeb.
  • Pope Francis delivers a speech during the Founders Memorial event in Abu Dhabi on the first visit by the head of the Catholic church to the Muslim-majority Arabian Peninsula. AFP
    Pope Francis delivers a speech during the Founders Memorial event in Abu Dhabi on the first visit by the head of the Catholic church to the Muslim-majority Arabian Peninsula. AFP
  • Pope Francis speaks with athlete Chaica Al Qassimi after a reception at Al Mushrif Palace on February 4, 2019. Ryan Carter / Ministry of Presidential Affairs
    Pope Francis speaks with athlete Chaica Al Qassimi after a reception at Al Mushrif Palace on February 4, 2019. Ryan Carter / Ministry of Presidential Affairs
  • Pope Francis and Dr Ahmad Al Tayeb, Grand Imam of the Al Azhar Al Sharif unveil two new artworks belonging to Louvre Abu Dhabi and the Zayed National Museum. Abu Dhabi Department of Culture and Tourism
    Pope Francis and Dr Ahmad Al Tayeb, Grand Imam of the Al Azhar Al Sharif unveil two new artworks belonging to Louvre Abu Dhabi and the Zayed National Museum. Abu Dhabi Department of Culture and Tourism
  • Worshipers queue to get on a bus to take them to Zayed Sports City for mass. Victor Besa / The National
    Worshipers queue to get on a bus to take them to Zayed Sports City for mass. Victor Besa / The National
  • Worshipers queue to get on a bus to take them to Zayed Sports City for mass. Victor Besa / The National
    Worshipers queue to get on a bus to take them to Zayed Sports City for mass. Victor Besa / The National
  • Sheikh Mohamed bin Zayed bids farewell to Pope Francis at the Presidential Airport on February 5, 2019. Mohamed Al Hammadi / Ministry of Presidential Affairs
    Sheikh Mohamed bin Zayed bids farewell to Pope Francis at the Presidential Airport on February 5, 2019. Mohamed Al Hammadi / Ministry of Presidential Affairs
  • Pope Francis waves goodbye as he leaves Abu Dhabi after his three-day visit in February 2019. Mohamed Al Hammadi / Ministry of Presidential Affairs
    Pope Francis waves goodbye as he leaves Abu Dhabi after his three-day visit in February 2019. Mohamed Al Hammadi / Ministry of Presidential Affairs

A relaxation of Covid-19 restrictions in Italy meant the Papal summer retreat palace of Castel Gandolfo in the Alban Hills near Rome reopened earlier this month, although Pope Francis remained in Vatican City.

He previously urged the global community to ensure the poorest countries were able to get Covid-19 vaccines.

On Monday, the Pope said that poverty “is not the result of fate” but because of “selfishness”.

UAE currency: the story behind the money in your pockets
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

Results

2pm: Serve U – Maiden (TB) Dh60,000 (Dirt) 1,400m; Winner: Violent Justice, Pat Dobbs (jockey), Doug Watson (trainer)

2.30pm: Al Shafar Investment – Conditions (TB) Dh100,000 (D) 1,400m; Winner: Desert Wisdom, Bernardo Pinheiro, Ahmed Al Shemaili

3pm: Commercial Bank of Dubai – Handicap (TB) Dh68,000 (D) 1,200m; Winner: Fawaareq, Sam Hitchcott, Doug Watson

3.30pm: Shadwell – Rated Conditions (TB) Dh100,000 (D) 1,600m; Winner: Down On Da Bayou, Xavier Ziani, Salem bin Ghadayer

4pm: Dubai Real Estate Centre – Maiden (TB) Dh60,000 (D) 1,600m; Winner: Rakeez, Patrick Cosgrave, Bhupat Seemar

4.30pm: Al Redha Insurance Brokers – Handicap (TB) Dh78,000 (D) 1,800m; Winner: Capla Crusader, Bernardo Pinheiro, Rashed Bouresly

Russia's Muslim Heartlands

Dominic Rubin, Oxford

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

Sui Dhaaga: Made in India

Director: Sharat Katariya

Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav

3.5/5

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

Sukuk explained

Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

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The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
​​​​​​​Princeton

Abu Dhabi Grand Slam Jiu-Jitsu World Tour Calendar 2018/19

July 29: OTA Gymnasium in Tokyo, Japan

Sep 22-23: LA Convention Centre in Los Angeles, US

Nov 16-18: Carioca Arena Centre in Rio de Janeiro, Brazil

Feb 7-9: Mubadala Arena in Abu Dhabi, UAE

Mar 9-10: Copper Box Arena in London, UK

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Specs%20
%3Cp%3E%3Cstrong%3EPower%20train%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%20and%20synchronous%20electric%20motor%3Cbr%3E%3Cstrong%3EMax%20power%3A%20%3C%2Fstrong%3E800hp%3Cbr%3E%3Cstrong%3EMax%20torque%3A%20%3C%2Fstrong%3E950Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20auto%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E25.7kWh%20lithium-ion%3Cbr%3E0-100km%2Fh%3A%203.4sec%3Cbr%3E0-200km%2Fh%3A%2011.4sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%20%3C%2Fstrong%3E312km%2Fh%3Cbr%3E%3Cstrong%3EMax%20electric-only%20range%3A%3C%2Fstrong%3E%2060km%20(claimed)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Q3%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1.2m%20(estimate)%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Cinco in numbers

Dh3.7 million

The estimated cost of Victoria Swarovski’s gem-encrusted Michael Cinco wedding gown

46

The number, in kilograms, that Swarovski’s wedding gown weighed.

1,000

The hours it took to create Cinco’s vermillion petal gown, as seen in his atelier [note, is the one he’s playing with in the corner of a room]

50

How many looks Cinco has created in a new collection to celebrate Ballet Philippines’ 50th birthday

3,000

The hours needed to create the butterfly gown worn by Aishwarya Rai to the 2018 Cannes Film Festival.

1.1 million

The number of followers that Michael Cinco’s Instagram account has garnered.