Peter Handke poses in his garden after winning the 2019 Nobel Prize in Literature, in Chaville, near Paris, France. Reuters
Peter Handke poses in his garden after winning the 2019 Nobel Prize in Literature, in Chaville, near Paris, France. Reuters
Peter Handke poses in his garden after winning the 2019 Nobel Prize in Literature, in Chaville, near Paris, France. Reuters
Peter Handke poses in his garden after winning the 2019 Nobel Prize in Literature, in Chaville, near Paris, France. Reuters

Nobel Prize ceremony marred over decision to give award to Peter Handke


Nicky Harley
  • English
  • Arabic

Boycotts and protests have cast a shadow over the Nobel literature prize ceremony following its “shameful and deplorable” decision to award the prize to Peter Handke, a writer accused of denying genocide in the Bosnian War.

The Austrian author’s outspoken support for late Serbian strongman Slobodan Milosevic, who died while on trial for genocide and crimes against humanity, and his minimising of Serbian war crimes in his book "A Journey to the Rivers: Justice for Serbia" have led to a massive backlash over the decision to give him the coveted award.

A number of nations refused to attend the event in Sweden and hundreds gathered to protest outside the venue.

Even organisers recognised the growing ill-feeling towards Handke and placed him in the furthest seat away from Sweden's King Carl XVI Gustaf at the head table.

The 77-year-old Austrian author was due to receive the prize on Tuesday at a formal ceremony in Stockholm with this year's other laureates.

The Academy honoured Handke "for an influential work that with linguistic ingenuity has explored the periphery and the specificity of human experience."

It called him "one of the most influential writers in Europe after the Second World War."

The choice of Handke came as the Academy struggles to recover from a rape scandal that resulted in the 2018 prize being postponed and awarded this year to Polish author Olga Tokarczuk.

However, the Swedish Academy's pick for the 2019 prize, announced in October, triggered outrage in the Balkans and beyond because of Handke's support for Milosevic.

In 2006 he even spoke at Milosevic’s funeral.

It has led to one Nobel committee member resigning over the choice, one Academy member and ambassadors from Kosovo, Albania and Turkey boycotting the event.

UK charity Remembering Srebrenica, which promotes Srebrenica Memorial Day, tweeted: "This is a shameful and deplorable decision by the Nobel Committee who have promoted hatred, nationalism & genocide denial by awarding Peter Handke the 2019 Literature prize.

"This is an insult to the victims & survivors who have endured so much pain and suffering. Let us be clear that today should be long remembered as a shameful day in history."

Protests have taken place at the Norrmalmstorg Square in central Stockholm and outside the Stockholm Concert Hall where the prize ceremony was being held.

"He's allowed to write what he wants. The problem is that he is being honoured for his writings," the organiser of one of the protests, Teufika Sabanovic said.

"He defends war criminals, he qualifies genocide, he qualifies genocide deniers. Where is the limit for what is acceptable?"

Last Friday, Handke avoided questions on the Balkan wars, telling reporters: "I like literature, not opinions."

But in an interview with German weekly Die Zeit in late November, Handke defended his writings.

"Not one word I have written about Yugoslavia can be denounced, not a single one. It's literature," he said.

The head of the Swedish Academy's Nobel committee, Anders Olsson, has insisted Handke is "not a political writer".

Olsson responded to a letter from survivors of war crimes in Bosnia and Herzegovina: "It is obvious that we understand Peter Handke's literary work in very different ways."

But another committee member, Peter Englund, disagreed.

"I will not participate in Nobel Week this year.... Celebrating Peter Handke's Nobel Prize would be pure hypocrisy on my part," Englund told the Dagens Nyheter newspaper.

Ironically, in 2014 Handke called for the Nobel Literature Prize to be abolished, saying it conferred a "false canonisation" on the laureate.

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

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.”

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

THE BIO

Favourite place to go to in the UAE: The desert sand dunes, just after some rain

Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude

Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE

Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally

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Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

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The biog

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2. Stefan Kueng (Switzerland / BMC Racing) 17

3. Vasil Kiryienka (Belarus / Team Sky) 15

4. Tony Martin (Germany / Katusha) 13

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8. Michal Kwiatkowski (Poland / Team Sky) 8

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10. Edvald Boasson Hagen (Norway / Dimension Data) 6

The biog

Age: 32

Qualifications: Diploma in engineering from TSI Technical Institute, bachelor’s degree in accounting from Dubai’s Al Ghurair University, master’s degree in human resources from Abu Dhabi University, currently third years PHD in strategy of human resources.

Favourite mountain range: The Himalayas

Favourite experience: Two months trekking in Alaska

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

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Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Match info:

Real Betis v Sevilla, 10.45pm (UAE)

UAE currency: the story behind the money in your pockets
Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

India cancels school-leaving examinations
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MATCH INFO

Chelsea 1
Alonso (62')

Huddersfield Town 1
Depoitre (50')

Brief scoreline:

Wolves 3

Neves 28', Doherty 37', Jota 45' 2

Arsenal 1

Papastathopoulos 80'