Iran ended a 10-day naval exercise in which a US aircraft carrier, the USS John C Stennis, passed through the Strait of Hormuz. Iran warned the US not to return the vessel into the Gulf.
Iran ended a 10-day naval exercise in which a US aircraft carrier, the USS John C Stennis, passed through the Strait of Hormuz. Iran warned the US not to return the vessel into the Gulf.
Iran ended a 10-day naval exercise in which a US aircraft carrier, the USS John C Stennis, passed through the Strait of Hormuz. Iran warned the US not to return the vessel into the Gulf.
Iran ended a 10-day naval exercise in which a US aircraft carrier, the USS John C Stennis, passed through the Strait of Hormuz. Iran warned the US not to return the vessel into the Gulf.

US rejects Iran warning to keep vessel out of Gulf


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  • Arabic

TEHRAN // The United States vowed to keep American warships deployed in the Gulf region, despite Iran's army chief warning an American aircraft carrier not to return to the area.

Iranian General Ataollah Salehi, speaking as a 10-day Iranian naval exercise ended near the Strait of Hormuz, told a US aircraft carrier, the USS John C Stennis, not to come back, a move that seemed aimed at further depicting the strait and the Gulf as under Iran's domination.

"We recommend to the American warship that passed through the Strait of Hormuz and went to Gulf of Oman not to return to the Persian Gulf," Gen Salehi said.

In response, Pentagon press secretary George Little said: "The deployment of US military assets in the Persian Gulf region will continue as it has for decades."

Iranian officials have said the naval drill aimed to show Iran could close the vital oil passage, as it has threatened to do if the United States enacts strong new sanctions over Iran's nuclear programme.

A third of the world's tanker-borne oil passes through the strait.

Oil prices rose to more than US$101 (Dh370) a barrel yesterday amid concerns rising tensions between western powers and Iran could disrupt crude oil supplies.

The jump came a day after Iran test-fired a surface-to-surface cruise missile as part of the manoeuvres, prompting Iran's navy chief to boast the strait is "completely under our control".

He said Iran's enemies have understood the message of the naval exercises. "We have no plan to begin any irrational act but we are ready against any threat."

The aircraft carrier and another vessel exited the Gulf through the strait a week ago, after a visit to Dubai's Jebel Ali port, according to the US navy's Bahrain-based Fifth Fleet.

Iran's sabre-rattling over the strait and the Gulf has come in response to US preparations to impose tough new sanctions that would ban dealings with Iran's central bank. That would deeply hurt Iran's oil exports since most countries and companies use the bank to conduct purchases of Iranian crude.

Iran relies on oil revenues for 80 per cent of its budget and a cut-off would be devastating to its already weakening economy.

The US president, Barack Obama, has signed the sanctions into law but has not yet enacted them. The sanctions would be the strongest by the US, aimed at forcing Tehran to back off its nuclear programme, which many in the West say is intended to produce a nuclear weapon. Iran deniesthis, saying its programme is for civilian use.

The US measures are in addition to four sets of UN sanctions imposed over Iran's nuclear activities, and the European Union is expected to announce sanctions of its own at the end of January.

But reports say the 27-nation bloc has not reached consensus.

The French foreign minister, Alain Juppe, said yesterday his country wants Europe to agree on sanctions similar to those passed in the US. He told a French television station there is "no doubt" Iran plans to build a bomb.

"This is why France, without closing the path of negotiation and dialogue with Iran, wants stricter sanctions," he said. The French president, Nicolas Sarkozy, has also proposed freezing the assets of Iran's central bank and an embargo on exports of Iranian oil, a move also being considered by the European Union.

"The American Congress has backed this idea and President Obama has just signed it into law and we hope that the Europeans, by January 30, take equivalent measures to show our determination," Mr Juppe said.

In London, British Prime Minister David Cameron's spokesman said: "This issue about a ban on oil and gas imports is something that we will be looking at and it will be discussed ... at a meeting at the end of January."

In 2010, EU customers accounted for 18 per cent of Iran's oil exports, with most of the rest going to Asia.

Iran and the EU said yesterday they were each waiting on the other to take steps on resuming long-stalled negotiations over Tehran's nuclear programme.

Iran's naval manoeuvres took place over a 2,000km stretch of water beyond the Strait of Hormuz at the mouth of the Gulf, as well as parts of the Indian Ocean and the Gulf of Aden, according to Iranian officials.

A leading Iranian member of parliament said on Sunday the manoeuvres served as practice for closing the strait if the West enacts sanctions blocking Iranian oil sales. Top Iranian officials made the same threat last week.

* Associated Press with additional reporting by Agence France-Presse

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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

Juliot Vinolia’s checklist for adopting alternate-day fasting

-      Don’t do it more than once in three days

-      Don’t go under 700 calories on fasting days

-      Ensure there is sufficient water intake, as the body can go in dehydration mode

-      Ensure there is enough roughage (fibre) in the food on fasting days as well

-      Do not binge on processed or fatty foods on non-fasting days

-      Complement fasting with plant-based foods, fruits, vegetables, seafood. Cut out processed meats and processed carbohydrates

-      Manage your sleep

-      People with existing gastric or mental health issues should avoid fasting

-      Do not fast for prolonged periods without supervision by a qualified expert

FIXTURES

Thu Mar 15 – West Indies v Afghanistan, UAE v Scotland
Fri Mar 16 – Ireland v Zimbabwe
Sun Mar 18 – Ireland v Scotland
Mon Mar 19 – West Indies v Zimbabwe
Tue Mar 20 – UAE v Afghanistan
Wed Mar 21 – West Indies v Scotland
Thu Mar 22 – UAE v Zimbabwe
Fri Mar 23 – Ireland v Afghanistan

The top two teams qualify for the World Cup

Classification matches
The top-placed side out of Papua New Guinea, Hong Kong or Nepal will be granted one-day international status. UAE and Scotland have already won ODI status, having qualified for the Super Six.

Thu Mar 15 – Netherlands v Hong Kong, PNG v Nepal
Sat Mar 17 – 7th-8th place playoff, 9th-10th place playoff

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