UNITED NATIONS // President Barack Obama will say the United States will "do what we must" to prevent Iran from acquiring a nuclear weapon as UN Secretary-General Ban Ki-moon warned against threatening attacks whose consequences would be devastating.
Preparing to take the podium at the United Nations six weeks before the US presidential election, Obama hopes to counter criticism of his foreign record by Republican rival Mitt Romney, who has accused him of mishandling the Arab Spring uprisings, damaging ties with Israel and not being tough enough on Iran.
Obama also planned an appeal to world leaders for a united front against further attacks on US diplomatic missions in Muslim countries.
Seeking to step up pressure on Iran, Obama will tell the U.N. General Assembly that there is still time for a diplomacy but that "time is not unlimited," according to advance excerpts of his speech to be delivered this morning, New York time.
His tough talk appears aimed at easing Israeli concerns about U.S. resolve to curb Tehran's nuclear drive, as he reasserts before the world body that he will never let Iran develop an atomic bomb and then simply contain the problem.
But he will stop short of meeting Israeli Prime Minister Benjamin Netanyahu's demand to set a clear "red line" that Iran must not cross if it is to avoid military action.
"A nuclear-armed Iran is not a challenge that can be contained," he will say. "It would threaten the elimination of Israel, the security of Gulf nations and the stability of the global economy."
"The United States will do what we must to prevent Iran from obtaining a nuclear weapon."
In an apparent allusion to recent comments by US, Israeli and Iranian officials, Ban opened the annual UN General Assembly by warning states against threatening to attack one another and sounded a pessimistic note about Arab-Israeli peace.
"I also reject both the language of delegitimization and threats of potential military action by one state against another," Ban said. "Any such attacks would be devastating."
US officials have repeatedly said that all options are on the table against Iran - code for a possible military strike - while Israel's Netanyahu has called for a US ultimatum to Iran.
On Monday, Iranian President Mahmoud Ahmadinejad said Israel has no roots in the Middle East and would be "eliminated". The White House dismissed his comments as "disgusting."
Meanwhile, Obama is also seeking to reassure voters that he is doing everything he can to head off any more violence like the September 11 attack in Libya that killed the US ambassador and three of his colleagues.
A wave of Muslim anger over a crude anti-Islam video made in California has swept the Middle East, North Africa and South Asia. Americans were stunned by images of US flags again burning in the Muslim world, the focus of intense personal diplomacy by the president at the start of his term.
"The attacks of the last two weeks are not simply an assault on America. They are also an assault on the very ideals upon which the United Nations was founded," Obama will tell the assembled world leaders.
This eruption of violence has confronted Obama with the worst setback yet in his efforts to keep the Arab Spring revolutions from turning against the United States - and has demonstrated that he has few easy options.
In his speech, he has the delicate task of articulating US distaste for insults to any religion while at the same time insisting there is no excuse for a violent reaction - a distinction rejected by many Muslims.
The crisis has exposed a deep divide over the issues of free speech and blasphemy at a time when Islamist forces are in the political ascendant in the Middle East after several veteran dictators were ousted.
"Today, we must declare that this violence and intolerance has no place among our United Nations," Obama will say.
Obama is not expected to offer detailed solutions to an array of crises that threaten to chip away at a foreign policy record that his aides hoped would be immune from Republican attack.
With campaign pressures building in a close race, Obama's final turn on the world stage before facing voters on November 6 has left little doubt about his immediate priorities.
He skipped the customary one-on-one meetings with foreign counterparts but went ahead with the taping of a campaign-style appearance on the popular television talk-show "The View" - a trade-off that drew Republican criticism.
Obama planned to be in and out of New York in 24 hours and off to the election battleground state of Ohio on Wednesday.
Despite Obama's international woes, administration officials are heartened by Romney's own recent foreign policy stumbles and doubt that the president's critics will gain traction in a campaign that remains focused mainly on the US economy.
In addition, the White House never tires of touting the killing of Osama bin Laden and the ending of the Iraq war as Obama's foreign policy accomplishments.
Nevertheless, the unsettled climate surrounding Obama's UN visit will be a stark reminder that the heady optimism that greeted him when he took office, and was awarded the Nobel Peace Prize within months, has now cooled.
Obama's early overtures to Iran were rejected, and the expansion of Tehran's nuclear program, which it says is purely peaceful, has created tension between Washington and Israel, which sees a nuclear-armed Iran as a threat to its existence.
Netanyahu has indicated impatience over Obama's entreaties to hold off on attacking Iran's nuclear sites to give sanctions and diplomacy more time to work.
The unusually public dispute between the United States and Israel has been exacerbated by Obama's decision not to meet with Netanyahu on his US visit later this week, a move that risks alienating some pro-Israel voters.
Signalling resentment at Netanyahu's tactics, Obama told CBS's "60 Minutes" he would ignore "noise that's out there".
Mohammed bin Zayed Majlis
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Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
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World Cricket League Division 2
In Windhoek, Namibia - Top two teams qualify for the World Cup Qualifier in Zimbabwe, which starts on March 4.
UAE fixtures
Thursday, February 8 v Kenya; Friday, February 9 v Canada; Sunday, February 11 v Nepal; Monday, February 12 v Oman; Wednesday, February 14 v Namibia; Thursday, February 15 final
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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Ipaf in numbers
Established: 2008
Prize money: $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.
Winning novels: 13
Shortlisted novels: 66
Longlisted novels: 111
Total number of novels submitted: 1,780
Novels translated internationally: 66