US-European relations lack former warmth


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The US president Barack Obama's announcement that he would not attend the US-European summit to be held in Madrid on May 24 has left diplomatic circles in Europe in shock, despite attempts from within the EU to attribute Mr Obama's decision to his busy travel schedule, commented Nassef Hitti in the Dubai-based newspaper Al Bayan. The US decision has fuelled speculation about a frigidity that is becoming characteristic of the once warm US-European relations.

"The US's decreasing interest in, and 'you're-in-the-palm-of-my-hand' attitude towards Europe is becoming a distinctive feature of Washington's foreign policy," the writer said. "Mr Obama was absent during the commemoration of the 20th anniversary of the fall of the Berlin Wall, despite all that occasion signifies, and went instead on a tour around Asia, which is becoming the new pole of international politics."

The Cold War was the major factor that validated the closeness between the major powers of the western hemisphere. Now the absence of a common enemy has weakened the alliance and even threatens to annihilate it. "Europe poses no problems for the US, but it is not helping with solutions for international issues either. So until their transatlantic relations regain warmth, Europe must establish its own international role."

In co-operation with the Parliamentary Assembly for the Mediterranean, the United Nations last week organised a series of meetings in Malta between politicians and parliamentarians from around the world to discuss ways to push the Palestinian cause forward, wrote Ibrahim al Bahraoui, a professor of Hebrew Studies at Ain Shams University, in the Emirati newspaper Al Ittihad.

The meetings concentrated on proposed "final solutions" regarding Palestinian borders, the status of Jerusalem, the issue of the settlements, the return of refugees and control over water resources. The European Union recently issued a statement recognising the necessity to establish a Palestinian state within the 1967 borders, with Jerusalem as the capital of both Palestinian and Israeli states. But the statement was quietly shelved without generating any sort of impetus.

As the Arab Peace Initiative is still stalled, it seems that the best, and maybe only, peace deal that Israel would agree to is the self-government of the West Bank under Fatah and the autonomy of Gaza under Hamas, both being subject to Israeli sovereignty. But can Israeli MPs change their government's attitude in the Malta conference? Can UN, Arab and European representatives do anything about it? Let's wait and see what their final statement is before jumping to the more likely conclusion.

A conference under the theme "The Media and the Arab Judiciary" was held on Saturday in Jordan to discuss a study on the way courts handle press freedom cases in five Arab countries: Jordan, Egypt, Lebanon, Yemen and Bahrain, reported Mansour al Jamri in his column for the Bahraini newspaper Al Wasat. The study consisted of the opinions of judges, lawyers, journalists and politicians about the relationship between media and justice. But the study organisers had to apologise for not having been able to poll the views of Bahraini and Jordanian judges, saying that in itself was a negative indicator.

The conference deplored the fact that Arab countries are still lagging at the bottom of the Worldwide Press Freedom Index, which is annually issued by Reporters Without Borders. Even Kuwait, which topped Arab countries according to the index, ranks 60th in the world. The conference participants found that there is a wide divide between the judicial system and press freedom, and legislation and court rulings should be geared towards guaranteeing more freedom of expression. The participants called on the judiciaries of their respective countries to work for, not against, sincere and responsible media practices and stop ruling in the interests of the executive power.

Too tired and weary are both camps in the Yemen war that has been going on since last August and is now in its sixth episode since 2003, wrote Mohammed Kharroub in the opinion pages of the Jordanian newspaper Addustour.

Government forces and the Houthi insurgents have come to the conclusion that this time around, the fighting will cost them more in blood and money than the five previous confrontations combined. This conclusion dawned on both camps not only because the battle has taken dramatic regional dimensions and become tainted with the attributes of a proxy war, but also because the "ghost of al Qa'eda" has re-emerged in more than one region in the country, threatening all other interests.

"Tribal affiliations have been merged with religious convictions, and regional interests with local allegiances until sheer chaos reigns in Yemen and the very social fabric has come under serious threat," the writer said. It wasn't much of a surprise that the organisers of the London conference on Yemen conditioned financial aid to Sanaa on a stop to fighting in the north, to enable the government to concentrate its efforts on fighting an increasingly strong al Qa'eda presence in the country.

* Digest compiled by Achraf El Bahi @Email:aelbahi@thenational.ae

UAE v Zimbabwe A

Results
Match 1 – UAE won by 4 wickets
Match 2 – UAE won by 5 wickets
Match 3 – UAE won by 25 runs
Match 4 – UAE won by 77 runs

Fixture
Match 5, Saturday, 9.30am start, ICC Academy, Dubai

Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE

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

Biography

Her family: She has four sons, aged 29, 27, 25 and 24 and is a grandmother-of-nine

Favourite book: Flashes of Thought by Sheikh Mohammed bin Rashid

Favourite drink: Water

Her hobbies: Reading and volunteer work

Favourite music: Classical music

Her motto: I don't wait, I initiate

 

 

 

 

 

Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

UAE currency: the story behind the money in your pockets

 

 

Overall head-to-head

Federer 6-1 Cilic

Head-to-head at Wimbledon

Federer 1-0 Cilic

Grand Slams titles

Federer 18-1 Cilic

Best Wimbledon performance

Federer: Winner (2003, 2004, 2005, 2006, 2007, 2009, 2012)
Cilic: Final (2017*)

Cricket World Cup League 2

UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

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Health Valley

Founded in 2002 and set up as a foundation in 2006, Health Valley has been an innovation in healthcare for more than 10 years in Nijmegen, the Netherlands.
It serves as a place where companies, businesses, universities, healthcare providers and government agencies can collaborate, offering a platform where they can connect and work together on healthcare innovation.
Its partners work on technological innovation, new forms of diagnostics and other methods to make a difference in healthcare.
Its agency consists of eight people, four innovation managers and office managers, two communication advisers and one director. It gives innovation support to businesses and other parties in its network like a broker, connecting people with the right organisation to help them further

Racecard

6pm: The Pointe - Conditions (TB) Dh82,500 (Turf) 1,400m

6.35pm: Palm West Beach - Maiden (TB) Dh82,500 (T) 1,800m

7.10pm: The View at the Palm - Handicap (TB) Dh85,000 (Dirt) 1,400m

7.45pm: Nakeel Graduate Stakes - Conditions (TB) Dh100,000 (T) 1,600m

8.20pm: Club Vista Mare - Handicap (TB) Dh95,000 (D) 1,900m

8.55pm: The Palm Fountain - Handicap (TB) Dh95,000 (D) 1,200m

9.30pm: The Palm Tower - Handicap (TB) Dh87,500 (T) 1,600m

COMPANY PROFILE
Name: Mamo 

 Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua

 Based: Dubai, UAE

 Number of employees: 28

 Sector: Financial services

 Investment: $9.5m

 Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. 

 
POSSIBLE ENGLAND EURO 2020 SQUAD

Goalkeepers: Jordan Pickford, Nick Pope, Dean Henderson.
Defenders: Trent Alexander-Arnold, Kieran Trippier, Joe Gomez, John Stones, Harry Maguire, Tyrone Mings, Ben Chilwell, Fabian Delph.
Midfielders: Declan Rice, Harry Winks, Jordan Henderson, Ross Barkley, Mason Mount, Alex Oxlade-Chamberlain.
Forwards: Harry Kane, Raheem Sterling, Marcus Rashford, Jadon Sancho, Tammy Abraham, Callum Hudson-Odoi.

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La Mer lowdown

La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
 

While you're here
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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

Results

1. New Zealand Daniel Meech – Fine (name of horse), Richard Gardner – Calisto, Bruce Goodin - Backatorps Danny V, Samantha McIntosh – Check In. Team total First round: 200.22; Second round: 201.75 – Penalties 12 (jump-off 40.16 seconds) Prize €64,000

2. Ireland Cameron Hanley – Aiyetoro, David Simpson – Keoki, Paul Kennedy – Cartown Danger Mouse, Shane Breen – Laith. Team total 200.25/202.84 – P 12 (jump-off 51.79 – P17) Prize €40,000

3. Italy Luca Maria Moneta – Connery, Luca Coata – Crandessa, Simone Coata – Dardonge, Natale Chiaudani – Almero. Team total 130.82/198.-4 – P20. Prize €32,000

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