Al Jazeera’s live studios in its Cairo offices were gutted in the attack.
Al Jazeera’s live studios in its Cairo offices were gutted in the attack.
Al Jazeera’s live studios in its Cairo offices were gutted in the attack.
Al Jazeera’s live studios in its Cairo offices were gutted in the attack.

Egyptian protesters firebomb Cairo's Al Jazeera office


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CAIRO // Egyptian protesters firebombed one of the offices of Al Jazeera yesterday and attacked a police chief who tried to negotiate an end to three days of violent protests in central Cairo.

The protesters hit the broadcaster's studio overlooking Tahrir Square with Molotov cocktails, engulfing it in flames. In a televised interview from inside the gutted office, reporter Ahmed El Dassouki said about 300 protesters approached the building before noon, shouting obscenities.

He said they set the place on fire, stormed the building, and looted the studio.

"They accuse our network of being biased and not objective," he said. Many protesters had accused the channel of supporting the country's most powerful political force, the Muslim Brotherhood.

After the attack, a crowd beat up Cairo Police Chief Osama El Saghir, who had travelled to Tahrir Square to defuse the situation, a security official said. Protesters drove Mr El Saghir from the square with punches and kicks, the official added.

Fire crews rushed to put out the office blaze as dozens of onlookers watched smoke and flames shoot from the balcony.

The development came a day after a youth activist, Gaber Salah, was shot in the neck.

Scores of protesters have been wounded with birdshot and tear gas fired by police, and Egypt's Interior Ministry says 118 "rioters" have been arrested since Monday.

The conflict began as peaceful demonstrations demanding retribution for protesters slain by police a year ago, and an expression of anger at the Muslim Brotherhood and president Mohammed Morsi. Protesters have hung a huge banner that read: Muslim Brotherhood not allowed.

Monday was the first anniversary of the deadly confrontation between police and demonstrators known as "Mohammed Mahmoud," named after the street on which the clashes broke out when security forces moved to break up a sit-in by protesters injured during last year's uprising. It set off days of sustained violence that left 42 dead and hundreds wounded as security forces fired tear gas, shotgun rounds and rubber bullets.

That was before Mr Morsi was president, while the country was run by a transitional military government following the toppling of longtime president Hosni Mubarak. But this week's protesters, mostly disgruntled youth, feel he has done little to address their demand that security officers be held accountable for the killings of protesters.

UAE currency: the story behind the money in your pockets

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Profile Periscope Media

Founder: Smeetha Ghosh, one co-founder (anonymous)

Launch year: 2020

Employees: four – plans to add another 10 by July 2021

Financing stage: $250,000 bootstrap funding, approaching VC firms this year

Investors: Co-founders

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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