The International Union for Conservation of Nature on Friday issued an update to its Red List of Threatened Species during the Cop15 environmental summit taking place in Montreal, Canada, with the Omani abalone and other marine life under the greatest threat.
“Today's IUCN Red List update reveals a perfect storm of unsustainable human activity decimating marine life around the globe,” said Bruno Oberle, the organisation's director general.
The updated list comes as delegates from around the world meet in Montreal for a UN biodiversity conference to finalise a new framework for “a peace pact with nature”, with the key goals of preserving Earth's forests, oceans and species.
The organisation said agricultural and pollution run-off causes harmful algal blooms, which have eliminated the Omani abalone, a commercial species found in the Arabian Peninsula, from across half of its former range.
Twenty of the world's 54 abalone species are now threatened with extinction.
“Abalones reflect humanity's disastrous guardianship of our oceans in microcosm: overfishing, pollution, disease, habitat loss, algal blooms, warming and acidification, to name but a few threats,” said Howard Peters of the University of York, who led the assessment.
“They really are the canary in the coal mine.”
The union is also sounding the alarm over the dugong — a large and docile marine mammal that lives from the eastern coast of Africa to the western Pacific Ocean.
The dugong is vulnerable throughout its range, and now populations in East Africa have entered the red list as critically endangered, IUCN said in a statement.
The major threats to the animal are unintentional capture in fishing gear in East Africa and poaching in New Caledonia, IUCN said.
It also suffers from boat collisions and loss of the seagrass it eats, said Evan Trotzuk, who led the East Africa assessment.
The US has announced it will help other nations to protect at least 30 per cent of the planet's land and seas by 2030, a key pledge of an anticipated new global nature pact.
A draft pledge has gained support from more than 110 nations, including the US.
“We are very interested in seeing the 30 by 30 framework adopted and in supporting other countries in achieving those goals,” Monica Medina, US special envoy for biodiversity and water resources, said in an interview before the Cop15 nature talks.
“We do need to aim for something that we think is achievable — and if we build on that success perhaps we can get even farther,” she added, highlighting a 50 per cent by 2050 protection target put forward by some scientists.
News agencies contributed to this report
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'The Woman in the House Across the Street from the Girl in the Window'
Director:Michael Lehmann
Stars:Kristen Bell
Rating: 1/5
Results
Final: Iran beat Spain 6-3.
Play-off 3rd: UAE beat Russia 2-1 (in extra time).
Play-off 5th: Japan beat Egypt 7-2.
Play-off 7th: Italy beat Mexico 3-2.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Volvo ES90 Specs
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Power: 333hp, 449hp, 680hp
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The specs
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The specs: Aston Martin DB11 V8 vs Ferrari GTC4Lusso T
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Engine: 4.0L V8 twin-turbo; 3.9L V8 turbo
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Fuel economy, combined: 9.9L / 100km; 11.6L / 100km
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Gifts exchanged
- King Charles - replica of President Eisenhower Sword
- Queen Camilla - Tiffany & Co vintage 18-carat gold, diamond and ruby flower brooch
- Donald Trump - hand-bound leather book with Declaration of Independence
- Melania Trump - personalised Anya Hindmarch handbag
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The years Ramadan fell in May
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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
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
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