• Meg Ross, a supporter of President Donald Trump, holds a sign during a 'Stop the Steal' protest at the Clark County Election Centre in Las Vegas, Nevada. Reuters
    Meg Ross, a supporter of President Donald Trump, holds a sign during a 'Stop the Steal' protest at the Clark County Election Centre in Las Vegas, Nevada. Reuters
  • Anne VanHoose holds a cardboard cutout of Donald Trump during a protest. Reuters
    Anne VanHoose holds a cardboard cutout of Donald Trump during a protest. Reuters
  • A supporter of President Donald Trump argues with a man holding a Democratic Party flag during a 'Stop the Steal' protest. Reuters
    A supporter of President Donald Trump argues with a man holding a Democratic Party flag during a 'Stop the Steal' protest. Reuters
  • Tyrik Wilson, 34, raises his arm in solidarity with other activists while demonstrating across the street from where votes are being counted in Philadelphia, Pennsylvania. Reuters
    Tyrik Wilson, 34, raises his arm in solidarity with other activists while demonstrating across the street from where votes are being counted in Philadelphia, Pennsylvania. Reuters
  • Activists dance with sculptures of the White House and Philadelphia City Hall in Philadelphia, Pennsylvania. Reuters
    Activists dance with sculptures of the White House and Philadelphia City Hall in Philadelphia, Pennsylvania. Reuters
  • Activists hold up flowers and signs stating "count every vote". Philadelphia, Pennsylvania. Reuters
    Activists hold up flowers and signs stating "count every vote". Philadelphia, Pennsylvania. Reuters
  • A member of the Boogaloo Boys movement holds a flag while attending a protest about the early results of the 2020 presidential election, in front of the Maricopa County Tabulation and Election Centre in Phoenix, Arizona. Reuters
    A member of the Boogaloo Boys movement holds a flag while attending a protest about the early results of the 2020 presidential election, in front of the Maricopa County Tabulation and Election Centre in Phoenix, Arizona. Reuters
  • A protester supporting U.S. President Donald Trump holds up a sign outside the Clark County Elections Department. Reuters
    A protester supporting U.S. President Donald Trump holds up a sign outside the Clark County Elections Department. Reuters
  • Supporters of President Donald Trump gather during a protest in front of the Maricopa County election centre in Phoenix, Arizona. Reuters
    Supporters of President Donald Trump gather during a protest in front of the Maricopa County election centre in Phoenix, Arizona. Reuters
  • New York Police Department (NYPD) officers clear the street at a protest. Bloomberg
    New York Police Department (NYPD) officers clear the street at a protest. Bloomberg
  • Counter-protesters attempt to disrupt supporters of US President Donald Trump in Maricopa County, Phoenix, Arizona. Reuters
    Counter-protesters attempt to disrupt supporters of US President Donald Trump in Maricopa County, Phoenix, Arizona. Reuters
  • Jenna Colley tends to her four-month-old child Paisley Colley as supporters of US President Donald Trump gather in Phoenix, Arizona. Reuters
    Jenna Colley tends to her four-month-old child Paisley Colley as supporters of US President Donald Trump gather in Phoenix, Arizona. Reuters
  • Black Lives Matter (BLM) counterprotesters hold up an inverted US flag in a 'Stop the Steal' protest outside Milwaukee Central Count, in Milwaukee, Wisconsin. Reuters
    Black Lives Matter (BLM) counterprotesters hold up an inverted US flag in a 'Stop the Steal' protest outside Milwaukee Central Count, in Milwaukee, Wisconsin. Reuters
  • A supporter Donald Trump in Milwaukee, Wisconsin. Reuters
    A supporter Donald Trump in Milwaukee, Wisconsin. Reuters
  • A demonstrator attends a Pro-Trump protest outside the Maricopa County elections department in Phoenix. Bloomberg
    A demonstrator attends a Pro-Trump protest outside the Maricopa County elections department in Phoenix. Bloomberg
  • Las Vegas Police officers keep an eye on supporters of US President Donald Trump during a 'Stop the Steal' protest. Reuters
    Las Vegas Police officers keep an eye on supporters of US President Donald Trump during a 'Stop the Steal' protest. Reuters

Al Gore urges Trump supporters to reject violence if president loses to Joe Biden


Rory Reynolds
  • English
  • Arabic

Al Gore urged supporters of Donald Trump to reject violence if the president loses the election to challenger Joe Biden.

The former vice president appealed to all sides to respect the election process, as hundreds of thousands of postal votes continue to be counted.

Mr Trump has claimed Democrats are trying to steal the election and on Friday reiterated allegations of voter fraud, without providing evidence.

Nobody should be inciting violence, that's dishonouring the mandate of the American people

"I've heard the president say that if he doesn't win there may be this, that and the other - nobody should be inciting violence, that's dishonouring the mandate of the American people to make this choice," Mr Gore told NBC News.

"I would urge all Americans, particularly those that might be tempted to follow the direction the Donald Trump pointed in earlier today, to reject that approach."

Elements of Mr Trump's support base have protested at voting centres and there were dozens of arrests in Seattle, Minneapolis and Portland on Thursday evening.

The president has demanded the vote be stopped in states he leads in - and repeatedly alluded to unrest and violence, without directly calling for it.

Mr Gore, who served as vice president for eight years under Bill Clinton, reiterated that no claims of voter fraud have been substantiated.

"Donald Trump has come out, without any evidence whatsoever, to allege that because he's losing it must be fraudulent," he said.

"I wish he wouldn't do that.

"I hope that he will find a way to fall in behind those of us who are trying to bring the country together.

"If Donald Trump does face a situation where the votes are all counted and he turns out not to he successful, I would urge him to do the right thing - and yes it would astonish a lot of people - but it would be good for our country."

Al Gore lost the US presidential election in 2000 to George W Bush after a Supreme Court ruling over vote counting ended five weeks of political turmoil.

He said: "This is a completely different election from the one 20 years ago. Joe Biden has multiple pathways to secure his victory and of course I'm for him and I'm hoping that will be the case very soon.

"But the most important principal that I defended 20 years ago, that Joe Biden and many others are defending, is let's count every legally cast vote and obey the will of the American people.

"I looked at the people standing in line to vote in the middle of a pandemic - some of them waiting in line 10 or 11 hours in some cases - and the determination of the American people... to have the largest turnout in the entire history of our country.

"They're heroes and they're realising the promise of America."

Al Gore, pictured in London in August, 2017, urged Trump supporters to stand down from protests and respect the outcome of the vote. AFP
Al Gore, pictured in London in August, 2017, urged Trump supporters to stand down from protests and respect the outcome of the vote. AFP
Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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COMPANY PROFILE

Name: Rain Management

Year started: 2017

Based: Bahrain

Employees: 100-120

Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund

England squads for Test and T20 series against New Zealand

Test squad: Joe Root (capt), Jofra Archer, Stuart Broad, Rory Burns, Jos Buttler, Zak Crawley, Sam Curran, Joe Denly, Jack Leach, Saqib Mahmood, Matthew Parkinson, Ollie Pope, Dominic Sibley, Ben Stokes, Chris Woakes

T20 squad: Eoin Morgan (capt), Jonny Bairstow, Tom Banton, Sam Billings, Pat Brown, Sam Curran, Tom Curran, Joe Denly, Lewis Gregory, Chris Jordan, Saqib Mahmood, Dawid Malan, Matt Parkinson, Adil Rashid, James Vince

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

UEFA CHAMPIONS LEAGUE FIXTURES

All kick-off times 10.45pm UAE ( 4 GMT) unless stated

Tuesday
Sevilla v Maribor
Spartak Moscow v Liverpool
Manchester City v Shakhtar Donetsk
Napoli v Feyenoord
Besiktas v RB Leipzig
Monaco v Porto
Apoel Nicosia v Tottenham Hotspur
Borussia Dortmund v Real Madrid

Wednesday
Basel v Benfica
CSKA Moscow Manchester United
Paris Saint-Germain v Bayern Munich
Anderlecht v Celtic
Qarabag v Roma (8pm)
Atletico Madrid v Chelsea
Juventus v Olympiakos
Sporting Lisbon v Barcelona

Spider-Man%202
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Insomniac%20Games%0D%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20%20Sony%20Interactive%20Entertainment%0D%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3EPlayStation%205%0D%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A

'How To Build A Boat'
Jonathan Gornall, Simon & Schuster

Honeymoonish
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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

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

 

Company: Instabug

Founded: 2013

Based: Egypt, Cairo

Sector: IT

Employees: 100

Stage: Series A

Investors: Flat6Labs, Accel, Y Combinator and angel investors

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.”

Most%20polluted%20cities%20in%20the%20Middle%20East
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MOST%20POLLUTED%20COUNTRIES%20IN%20THE%20WORLD
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NYBL PROFILE

Company name: Nybl 

Date started: November 2018

Founder: Noor Alnahhas, Michael LeTan, Hafsa Yazdni, Sufyaan Abdul Haseeb, Waleed Rifaat, Mohammed Shono

Based: Dubai, UAE

Sector: Software Technology / Artificial Intelligence

Initial investment: $500,000

Funding round: Series B (raising $5m)

Partners/Incubators: Dubai Future Accelerators Cohort 4, Dubai Future Accelerators Cohort 6, AI Venture Labs Cohort 1, Microsoft Scale-up 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5