Kim Jong Un dismisses top officials after Koreas stand off eases


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SEOUL // Kim Jong Un has dismissed several top officials after a recent stand off with South Korea, state media reported Friday, in personnel changes that suggest that the North Korean leader was holding them responsible for the confrontation that developed in a way that he did not expect.

The two Koreas earlier this week threatened strikes against each other before agreeing on measures to reduce animosity. After landmines maimed two South Korean soldiers, Seoul resumed propaganda broadcasts critical of Mr Kim’s authoritarian rule for the first time in 11 years, drawing a furious response from Pyongyang which threatened to destroy the South Korean loudspeakers.

South Korea blames North Korea for planting the mines, which North Korea has denied.

During a ruling Workers’ Party meeting, Mr Kim hailed the agreement, saying it provided what he called a “crucial landmark occasion” to put “catastrophic” inter-Korean relations back on a track of reconciliation and trust, according to Pyongyang’s Korean Central News Agency.

But Mr Kim still dismissed several members of the party’s Central Military Commission, which handled the standoff, a KCNA dispatch said.

It gave no reasons for the dismissals, but outside analysts said they may have been sacked because they misjudged that the mine blast would not trigger such strong countermeasures by South Korea as the propaganda broadcasts.

North Korea is intolerant of any outside criticism of its political system, and observers say North Korea was worried that the broadcasts heard over the border would demoralise front-line troops and residents and eventually weaken Mr Kim’s leadership.

“North Korea could have thought about some sort of heightened tension but not like this,” said Chang Yong Seok, a senior researcher at Seoul National University’s Institute for Peace and Unification Studies.

South Korea switched off its loudspeakers Tuesday after North Korea expressed “regret” that the South Korean soldiers were injured by the mine explosion. It was considered as a carefully crafted, though vague, wording, with Pyongyang still denying it laid the mines while South Korea describing the term “regret” as an apology.

Since taking power upon the death of his father Kim Jong Il in late 2011, Kim Jong Un has vowed to revive his country’s moribund economy and boost standards of living even as he pushes development of nuclear-armed missiles condemned by neighbouring countries and the United States.

During the party meeting Mr Kim also ordered soldiers to help a recently flooded city, a sign of his need to show his people he cares about a decrepit economy.

* Associated Press

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Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

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Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

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Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

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- Carol Glynn, founder of Conscious Finance Coaching

 

 

COMPANY PROFILE
Name: ARDH Collective
Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Sector: Sustainability
Total funding: Self funded
Number of employees: 4

 

 

Monster

Directed by: Anthony Mandler

Starring: Kelvin Harrison Jr., John David Washington 

3/5

 

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

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The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Our Time Has Come
Alyssa Ayres, Oxford University Press

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