• Lake Oroumieh, one of the biggest saltwater lakes on Earth, has shrunk more than 80 per cent to 1,000 square kilometres in the past decade, mainly because of climate change.
    Lake Oroumieh, one of the biggest saltwater lakes on Earth, has shrunk more than 80 per cent to 1,000 square kilometres in the past decade, mainly because of climate change.
  • Salt-covered rocks that were once deep underwater now sit in the middle of desert. Experts fear the lake – famous in years past as a tourist spot and a favourite stopping point for migrating flamingos, pelicans and gulls — could disappear within two years if nothing is done.
    Salt-covered rocks that were once deep underwater now sit in the middle of desert. Experts fear the lake – famous in years past as a tourist spot and a favourite stopping point for migrating flamingos, pelicans and gulls — could disappear within two years if nothing is done.
  • Less than a decade ago, Mozafar Cheragh hosted dozens of tourists a day, with his two sons taking them on boat tours. His children have since left to pursue work elsewhere.
    Less than a decade ago, Mozafar Cheragh hosted dozens of tourists a day, with his two sons taking them on boat tours. His children have since left to pursue work elsewhere.
  • “I sold a dozen boats and kept half a dozen here, hoping the water will return,” he said. “But it didn’t happen.”
    “I sold a dozen boats and kept half a dozen here, hoping the water will return,” he said. “But it didn’t happen.”
  • Rescuing the lake in north-western Iran, near the Turkish border, was one of Mr Rouhani’s campaign promises, and his new cabinet promptly decided to form a team to invite scholars to help find solutions.
    Rescuing the lake in north-western Iran, near the Turkish border, was one of Mr Rouhani’s campaign promises, and his new cabinet promptly decided to form a team to invite scholars to help find solutions.
  • Reza, an Iranian gardener, sits on a dry tree near Lake Oroumieh. The president is putting an emphasis on tackling long-neglected environmental problems critics say were made worse by his predecessor, Mahmoud Ahmadinejad. An engineer with an appetite for giant populist projects, Mr Ahmadinejad pursued policies that led to the expansion of irrigation projects and construction of dams.
    Reza, an Iranian gardener, sits on a dry tree near Lake Oroumieh. The president is putting an emphasis on tackling long-neglected environmental problems critics say were made worse by his predecessor, Mahmoud Ahmadinejad. An engineer with an appetite for giant populist projects, Mr Ahmadinejad pursued policies that led to the expansion of irrigation projects and construction of dams.
  • An abandoned ship sits stuck in a dock on the lake.
    An abandoned ship sits stuck in a dock on the lake.
  • Twenty proposals are on the table for saving the lake, including cloud-seeding to increase rainfall in the area and the building of pipelines to bring in more water.
    Twenty proposals are on the table for saving the lake, including cloud-seeding to increase rainfall in the area and the building of pipelines to bring in more water.

In pictures: Iran’s dying lake


  • English
  • Arabic

The first cabinet decision made under Iran’s new president, Hassan Rouhani, wasn’t about how to resolve his country’s nuclear dispute with world powers. It was about how to keep the nation’s largest lake from disappearing. Lake Oroumieh, one of the biggest saltwater lakes on Earth, has shrunk more than 80 per cent in the last decade. Photos by Ebrahim Noroozi / AP Photo

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FIXTURES

December 28
Stan Wawrinka v Pablo Carreno Busta, 5pm
Milos Raonic v Dominic Thiem, no earlier then 7pm

December 29 - semi-finals
Rafael Nadal v Stan Wawrinka / Pablo Carreno Busta, 5pm
Novak Djokovic v Milos Raonic / Dominic Thiem, no earlier then 7pm

December 30
3rd/4th place play-off, 5pm
Final, 7pm

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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

Pathaan
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Torbal Rayeh Wa Jayeh
Starring: Ali El Ghoureir, Khalil El Roumeithy, Mostafa Abo Seria
Stars: 3

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%3Cp%3E-%20US%20Congress%20is%20divided%20into%20two%20chambers%3A%20the%20House%20of%20Representatives%20and%20Senate%3C%2Fp%3E%0A%3Cp%3E-%20435%20members%20make%20up%20the%20House%2C%20and%20100%20in%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%20A%20party%20needs%20control%20of%20218%20seats%20to%20have%20a%20majority%20in%20the%20House%3C%2Fp%3E%0A%3Cp%3E-%20In%20the%20Senate%2C%20a%20party%20needs%20to%20hold%2051%20seats%20for%20control%3C%2Fp%3E%0A%3Cp%3E-%20In%20the%20event%20of%20a%2050-50%20split%2C%20the%20vice%20president's%20party%20retains%20power%20in%20the%20Senate%3C%2Fp%3E%0A
if you go

The flights

Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com

Seeing the games

Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com

 

Staying there

Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com

 

How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
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Three tips from La Perle's performers

1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.

2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.

3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.