MANAMA // The leader of Bahrain's largest Shiite opposition party said mediation by outside parties is urgently needed to break the impasse between the country's Sunni-led government and its majority Shiite population.
Sheikh Ali Salman, general secretary of Al Wefaq, also said in an interview that his party is working hard to keep the lid on the anger of the Shiite community, which he said faces daily harassment by Bahraini security forces, particularly at checkpoints, where drivers are routinely asked if they are Sunni or Shiite.
"The first thing we are trying to preserve is this peacefulness of the movement and prevent confrontation of our people with security people," Mr Salman said. But he said an "offensive mindset now is growing towards the protesters" among security forces.
Asked if he feared that extremist Shiite elements, which, unlike Wefaq, want Bahrain's royal family ejected from power, might resort to violence if the current stalemate is not resolved, Mr Salman replied: "As the crisis is sustained, [there] are doors open that nobody can control."
Wefaq, which seeks a constitutional monarchy and is disparaged by radical Shiite parties for being willing to negotiate with the government, will remain committed to its peaceful approach, Mr Salman said.
Shiites, who make up more than 60 per cent of the population, have long complained of being politically marginalised by the Sunni royal family and of being discriminated against in jobs, particularly in the military and police.
They therefore embraced the protest movement that began on February 14 as a peaceful demand for political reforms.
Interviewed on Saturday at Wefaq's party headquarters with three of his top aides, Mr Salman said outside intervention was needed to get negotiations going.
"There is very deep distrust between the government and the people and we prefer that some third parties come to help for this dialogue," Mr Salman said.
His preference is for the United States or the United Nations to mediate. But he said Wefaq was in constant contact with a delegation sent by Kuwait's emir, Sheikh Sabah al Ahmed al Sabah, to do so.
On Sunday, al Wasat newspaper, which is close to Wefaq, quoted a member of the Kuwaiti delegation saying that Wefaq has agreed "to accept the dialogue initiative, led by Bahrain's Crown Prince Salman bin Hamad al Khalifa, without preconditions".
Sayed Hadi Al Mosawi, one of the Wefaq officials at the interview with Salman, said on Sunday by phone that his party had "put no conditions against Kuwaiti mediation" and that Wefaq's conditions for talks "will be raised later on when the dialogue takes place".
The party is more flexible in its approach to a dialogue with the crown prince than it was in the past, reflecting its weakened position since the government forcefully suppressed the pro-reform movement on March 16.
Until then, Wefaq had demanded as conditions for opening a dialogue the immediate resignation of Prime Minister Sheikh Khalifa bin Salman Al Khalifa and elections for a Constituent Assembly to write a new constitution.
During the days just prior to the crackdown on March 16, the US assistant secretary of state for Near Eastern affairs, Jeffrey Feltman, was in Manama in an effort to win acceptance from both sides of a mediated solution, according to Mr Salman.
On March 15, Wefaq agreed to a proposal Mr Feltman drew up for Qatar's Prime Minister, Sheikh Hamid bin Jassim, to mediate between Bahrain's Crown Prince and the Shiite opposition, the Wefaq party leader added.
But that last-ditch effort did not get off the ground because Mr Feltman's calls to the Crown Prince and King Hamad bin Isa Al Khalifa went unanswered, according to Mr Salman and other opposition sources briefed on the matter.
Mr Feltman's efforts also were overtaken by events, including the March 14 arrival of 1,200 GCC troops and the declaration of martial law on March 15.
A spokesman for the US embassy in Manama, asked about Mr Feltman's aborted efforts to contact the king and crown prince, issued a statement that did not address the question.
It said that Mr Feltman "visited Bahrain approximately two weeks ago to reach out to a wide range of government and non-governmental leaders to promote a meaningful, peaceful, and productive dialogue. We believe security measures alone cannot resolve the challenges facing Bahrain, the United States supports a credible political process that can address the legitimate aspirations of all people of Bahrain, starting with the crown prince's call for dialogue, which we call on all parties to join."
On Sunday, the White House said that the US vice-president, Joe Biden, had called the crown prince to "reiterate US support" for his efforts to start a dialogue with the opposition and to encourage "additional outreach and meaningful reform that is responsive to the aspirations of all Bahrainis".
In any event, the point of Mr Feltman's diplomacy was taken away on March 16 when security forces routed demonstrators from Pearl Roundabout, which had served as the movement's base.
The clampdown that followed has included widespread arrests of movement activists, night-time raids on homes, beatings of pro-reform activists by masked thugs, the firebombing of an opposition leader's home, and confiscation of drivers' personal effects, including money and mobiles, at checkpoints.
Shiite students studying abroad who supported the protest movement have lost their scholarships and Shiite taxi drivers were told they could no longer work the lucrative stand at the airport.
About 17 people, including some from the security forces, have been killed since March 16. Prior to that day, seven had died in violence associated with the protest movement.
"The situation is very, very bad," Mr Al Mosawi said.
The government is "doing this collective punishment to the whole community and this hate-based incitement in the media is horrific."
He was referring to comments in the press and on state television by Sunni hardliners who accuse the Shiites of being disloyal to Bahrain or wanting to harm it. Some say Shiites should leave the country.
Mr Al Mosawi said: "The whole strategy of the authorities here now is to humiliate the whole Shiite community and the protesters because they are mainly Shiite."
Another Wefaq official, Abdul Jalil Khalil Ebrahim, said: "If their intention is to throw Shiites out of the country, they cannot. So if we have to live together, this hatred attitude is not going to help anyone."
cmurphy@thenational.ae
Company%C2%A0profile
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SERIE A FIXTURES
Friday Sassuolo v Torino (Kick-off 10.45pm UAE)
Saturday Atalanta v Sampdoria (5pm),
Genoa v Inter Milan (8pm),
Lazio v Bologna (10.45pm)
Sunday Cagliari v Crotone (3.30pm)
Benevento v Napoli (6pm)
Parma v Spezia (6pm)
Fiorentina v Udinese (9pm)
Juventus v Hellas Verona (11.45pm)
Monday AC Milan v AS Roma (11.45pm)
Scores:
Day 4
England 290 & 346
Sri Lanka 336 & 226-7 (target 301)
Sri Lanka require another 75 runs with three wickets remaining
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Call the hotline on 0502955999 or send "thenational" to the following numbers:
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Nick's journey in numbers
Countries so far: 85
Flights: 149
Steps: 3.78 million
Calories: 220,000
Floors climbed: 2,000
Donations: GPB37,300
Prostate checks: 5
Blisters: 15
Bumps on the head: 2
Dog bites: 1
A list of the animal rescue organisations in the UAE
We Weren’t Supposed to Survive But We Did
We weren’t supposed to survive but we did.
We weren’t supposed to remember but we did.
We weren’t supposed to write but we did.
We weren’t supposed to fight but we did.
We weren’t supposed to organise but we did.
We weren’t supposed to rap but we did.
We weren’t supposed to find allies but we did.
We weren’t supposed to grow communities but we did.
We weren’t supposed to return but WE ARE.
Amira Sakalla
Get Out
Director: Jordan Peele
Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford
Four stars
Global state-owned investor ranking by size
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AUSTRALIA SQUAD
Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle
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
Dubai World Cup Carnival card:
6.30pm: Handicap (Turf) | US$175,000 | 2,410 metres
7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) | $100,000 | 1,400m
7.40pm: Handicap (T) | $145,000 | 1,000m
8.15pm: Dubawi Stakes Group 3 (D) | $200,000 | 1,200m
8.50pm: Singspiel Stakes Group 3 (T) | $200,000 | 1,800m
9.25pm: Handicap (T) | $175,000 | 1,400m
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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
Company%20profile
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The biog
Name: Sari Al Zubaidi
Occupation: co-founder of Cafe di Rosati
Age: 42
Marital status: single
Favourite drink: drip coffee V60
Favourite destination: Bali, Indonesia
Favourite book: 100 Years of Solitude
Results
1.30pm Handicap (PA) Dh50,000 (Dirt) 1,400m
Winner Al Suhooj, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)
2pm Handicap (TB) 68,000 (D) 1,950m
Winner Miracle Maker, Xavier Ziani, Salem bin Ghadayer
2.30pm Maiden (TB) Dh60,000 (D) 1,600m
Winner Mazagran, Tadhg O’Shea, Satish Seemar
3pm Handicap (TB) Dh84,000 (D) 1,800m
Winner Tailor’s Row, Royston Ffrench, Salem bin Ghadayer
3.30pm Handicap (TB) Dh76,000 (D) 1,400m
Winner Alla Mahlak, Adrie de Vries, Rashed Bouresly
4pm Maiden (TB) Dh60,000 (D) 1,200m
Winner Hurry Up, Royston Ffrench, Salem bin Ghadayer
4.30pm Handicap (TB) Dh68,000 (D) 1,200m
Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
The%20US%20Congress%20explained
%3Cp%3E-%20Congress%20is%20one%20of%20three%20branches%20of%20the%20US%20government%2C%20and%20the%20one%20that%20creates%20the%20nation's%20federal%20laws%3C%2Fp%3E%0A%3Cp%3E-%20Congress%20is%20divided%20into%20two%20chambers%3A%20The%20House%20of%20Representatives%20and%20the%20Senate%3C%2Fp%3E%0A%3Cp%3E-%C2%A0The%20House%20is%20made%20up%20of%20435%20members%20based%20on%20a%20state's%20population.%20House%20members%20are%20up%20for%20election%20every%20two%20years%3C%2Fp%3E%0A%3Cp%3E-%20A%20bill%20must%20be%20approved%20by%20both%20the%20House%20and%20Senate%20before%20it%20goes%20to%20the%20president's%20desk%20for%20signature%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%20218%20seats%20to%20be%20in%20control%20of%20the%20House%20of%20Representatives%3C%2Fp%3E%0A%3Cp%3E-%20The%20Senate%20is%20comprised%20of%20100%20members%2C%20with%20each%20state%20receiving%20two%20senators.%20Senate%20members%20serve%20six-year%20terms%3C%2Fp%3E%0A%3Cp%3E-%20A%20political%20party%20needs%2051%20seats%20to%20control%20the%20Senate.%20In%20the%20case%20of%20a%2050-50%20tie%2C%20the%20party%20of%20the%20president%20controls%20the%20Senate%3C%2Fp%3E%0A