• US President Joe Biden speaks during the 59th Presidential inauguration in Washington. Reuters
    US President Joe Biden speaks during the 59th Presidential inauguration in Washington. Reuters
  • President Joe Biden signs executive orders in the Oval Office of the White House. Reuters
    President Joe Biden signs executive orders in the Oval Office of the White House. Reuters
  • President Joe Biden swears in presidential appointees in a virtual ceremony in the State Dining Room of the White House. Reuters
    President Joe Biden swears in presidential appointees in a virtual ceremony in the State Dining Room of the White House. Reuters
  • President Joe Biden and first lady Jill Biden wave as they arrive at the North Portico of the White House. AP Photo
    President Joe Biden and first lady Jill Biden wave as they arrive at the North Portico of the White House. AP Photo
  • President Joe Biden and his wife Jill embrace as they arrive to the White House. Reuters
    President Joe Biden and his wife Jill embrace as they arrive to the White House. Reuters
  • President Joe Biden and first lady Jill Biden walk up the stairs as they arrive at the North Portico of the White House. AP Photo
    President Joe Biden and first lady Jill Biden walk up the stairs as they arrive at the North Portico of the White House. AP Photo
  • President Joe Biden, First Lady Jill Biden and family, walk in front of the White House. AP Photo
    President Joe Biden, First Lady Jill Biden and family, walk in front of the White House. AP Photo
  • President Joe Biden and Vice President Kamala Harris participate in a wreath laying ceremony at the Tomb of the Unknown Soldier at Arlington National Cemetery. AP Photo
    President Joe Biden and Vice President Kamala Harris participate in a wreath laying ceremony at the Tomb of the Unknown Soldier at Arlington National Cemetery. AP Photo
  • Former President Bill Clinton with his wife, former Secretary of State, Hillary Clinton, former President George W. Bush with his wife Laura Bush, and former president Barack Obama and his wife Michelle Obama at the Arlington National Cemetery. Reuters
    Former President Bill Clinton with his wife, former Secretary of State, Hillary Clinton, former President George W. Bush with his wife Laura Bush, and former president Barack Obama and his wife Michelle Obama at the Arlington National Cemetery. Reuters
  • US President Joe Biden, first lady Jill Biden, Vice President Kamala Harris, and her husband Doug Emhoff look on as they leave the US Capitol after the inauguration ceremony. Reuters
    US President Joe Biden, first lady Jill Biden, Vice President Kamala Harris, and her husband Doug Emhoff look on as they leave the US Capitol after the inauguration ceremony. Reuters
  • US President Joe Biden signs documents in the President's Room at the US Capitol following the inauguration ceremony. Bloomberg
    US President Joe Biden signs documents in the President's Room at the US Capitol following the inauguration ceremony. Bloomberg
  • Vice President Kamala Harris and her husband Doug Emhoff, wave from the Capitol steps as former Vice President Mike Pence's motorcade departs. AP Photo
    Vice President Kamala Harris and her husband Doug Emhoff, wave from the Capitol steps as former Vice President Mike Pence's motorcade departs. AP Photo
  • US President Joe Biden speaks during the 59th Presidential inauguration in Washington. Reuters
    US President Joe Biden speaks during the 59th Presidential inauguration in Washington. Reuters
  • US President-elect Joe Biden is sworn in as the 46th president of the United States during the 59th presidential inauguration in Washington. Bloomberg
    US President-elect Joe Biden is sworn in as the 46th president of the United States during the 59th presidential inauguration in Washington. Bloomberg
  • Joe Biden is sworn in as the 46th President of the United States as his spouse Jill Biden holds a bible on the West Front of the Capitol in Washington, DC. Reuters
    Joe Biden is sworn in as the 46th President of the United States as his spouse Jill Biden holds a bible on the West Front of the Capitol in Washington, DC. Reuters
  • Kamala Harris is sworn in as vice president by Supreme Court Justice Sonia Sotomayor as her husband Doug Emhoff holds the Bible during the 59th Presidential Inauguration at the US Capitol in Washington, DC. AP
    Kamala Harris is sworn in as vice president by Supreme Court Justice Sonia Sotomayor as her husband Doug Emhoff holds the Bible during the 59th Presidential Inauguration at the US Capitol in Washington, DC. AP
  • Social distancing audience during the inauguration of Joe Biden as the 46th President of the United States. Reuters
    Social distancing audience during the inauguration of Joe Biden as the 46th President of the United States. Reuters
  • Lady Gaga sings the National Anthem at the inauguration of US President-elect Joe Biden. AFP
    Lady Gaga sings the National Anthem at the inauguration of US President-elect Joe Biden. AFP
  • Lady Gaga sings the National Anthem as US Vice President Mike Pence and Vice President-elect Kamala Harris look on. Reuters
    Lady Gaga sings the National Anthem as US Vice President Mike Pence and Vice President-elect Kamala Harris look on. Reuters
  • From left: Doug Emhoff, US Vice President-elect Kamala Harris, incoming US First Lady Jill Biden, US President-elect Joe Biden arrive for the inauguration of Joe Biden as the 46th US President at the US Capitol in Washington, DC. AFP
    From left: Doug Emhoff, US Vice President-elect Kamala Harris, incoming US First Lady Jill Biden, US President-elect Joe Biden arrive for the inauguration of Joe Biden as the 46th US President at the US Capitol in Washington, DC. AFP
  • Former President Barack Obama and his wife Michelle arrive for the 59th Presidential Inauguration at the US Capitol for President-elect Joe Biden. AP Photo
    Former President Barack Obama and his wife Michelle arrive for the 59th Presidential Inauguration at the US Capitol for President-elect Joe Biden. AP Photo
  • Former US President Bill Clinton arrives with former Secretary of State Hillary Clinton to the inauguration of US President-elect Joe Biden on the West Front of the US Capitol. AFP
    Former US President Bill Clinton arrives with former Secretary of State Hillary Clinton to the inauguration of US President-elect Joe Biden on the West Front of the US Capitol. AFP
  • Former US President George W. Bush and his wife Laura Bush arrive for the inauguration of Joe Biden as the 46th President of the United States on the West Front of the US Capitol. Reuters
    Former US President George W. Bush and his wife Laura Bush arrive for the inauguration of Joe Biden as the 46th President of the United States on the West Front of the US Capitol. Reuters
  • Family members of Vice President-elect Kamala Harris attend the inauguration of US President-elect Joe Biden on the West Front of the US Capitol. AFP
    Family members of Vice President-elect Kamala Harris attend the inauguration of US President-elect Joe Biden on the West Front of the US Capitol. AFP
  • The view from the podium where Joe Biden will speak after being sworn-in during the 59th Presidential Inauguration at the US Capitol in Washington, DC. EPA
    The view from the podium where Joe Biden will speak after being sworn-in during the 59th Presidential Inauguration at the US Capitol in Washington, DC. EPA
  • Flags decorate the "Field of Flags" at the National Mall near the Washington Monument ahead of the inauguration of US President-elect Joe Biden. AFP
    Flags decorate the "Field of Flags" at the National Mall near the Washington Monument ahead of the inauguration of US President-elect Joe Biden. AFP
  • President-elect Joe Biden and his wife Jill Biden attend a church service before his presidential inauguration at St Matthews Catholic Church in Washington. Reuters
    President-elect Joe Biden and his wife Jill Biden attend a church service before his presidential inauguration at St Matthews Catholic Church in Washington. Reuters
  • President-elect Joe Biden, his wife Jill Biden, Vice President-elect Kamala Harris and her husband Doug Emhoff attend a church service before his presidential inauguration at St. Matthews Catholic Church. Reuters
    President-elect Joe Biden, his wife Jill Biden, Vice President-elect Kamala Harris and her husband Doug Emhoff attend a church service before his presidential inauguration at St. Matthews Catholic Church. Reuters
  • The West Front of the US Capitol is prepared for the inauguration of US President-elect Joe Biden in Washington, DC. AFP
    The West Front of the US Capitol is prepared for the inauguration of US President-elect Joe Biden in Washington, DC. AFP
  • US singer Lady Gaga arrives for the inauguration of Joe Biden as US President in Washington, DC. EPA
    US singer Lady Gaga arrives for the inauguration of Joe Biden as US President in Washington, DC. EPA
  • Supporters hold American flags as Air Force One, carrying US President Donald Trump, departs during a farewell ceremony at Joint Base Andrews, Maryland. Bloomberg
    Supporters hold American flags as Air Force One, carrying US President Donald Trump, departs during a farewell ceremony at Joint Base Andrews, Maryland. Bloomberg
  • President Donald Trump and first lady Melania Trump wave to a crowd as they board Air Force One at Andrews Air Force Base. AP Photo
    President Donald Trump and first lady Melania Trump wave to a crowd as they board Air Force One at Andrews Air Force Base. AP Photo
  • President Donald Trump speaks to crowd before boarding Air Force One at Andrews Air Force Base. AP Photo
    President Donald Trump speaks to crowd before boarding Air Force One at Andrews Air Force Base. AP Photo
  • The sun rises behind the US Capitol as preparations are made prior to the 59th inaugural ceremony for President-elect Joe Biden and Vice President-elect Kamala Harris on the West Front of the US Capitol in Washington. AFP
    The sun rises behind the US Capitol as preparations are made prior to the 59th inaugural ceremony for President-elect Joe Biden and Vice President-elect Kamala Harris on the West Front of the US Capitol in Washington. AFP

Biden jumpstarts national Covid-19 strategy with sweeping executive orders


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On his first full day as US president, Joe Biden unveiled his national Covid-19 strategy, which addresses vaccinations, testing, and restrictions placed on schools and businesses.

He presented details of a 198-page plan and signed ten executive orders to jumpstart the national strategy to combat Covid-19, after the new US president warned during his inaugural speech the pandemic was entering its "deadliest period."

“For the past year, we couldn’t rely on the federal government to act with the urgency and focus and co-ordination we needed,” Mr Biden said. “And we have seen the tragic cost of that failure. More than 24 million Americans have been infected."

Mr Biden plans to invoke the Defense Production Act to ramp up production of medical supplies and personal protective equipment.

With Democrats in control of the House and the Senate, Covid relief measures could be cleared expeditiously, but debate remains about what should be included in the relief bill.

Within Mr Biden's $1.9 trillion relief bill is a proposal for Americans to immediately receive a $1,400 stimulus check. Quick approval of the checks would provide Democrats with an early victory at a time when US employment has nearly doubled since last year.

Around 900,000 Americans filed unemployment claims last week, a slight dip from what economists projected.

Earlier on Thursday, Mr Biden's chief medical advisor Dr Anthony Fauci said the US will rejoin the World Health Organisation and will aid in a global vaccine distribution plan.

"One year ago, to the day, the United States confirmed its first case of SARS-COV-2, in the State of Washington. Today, in my country and around the world, we have surpassed 90 million cases, a devastating number that continues to grow,” said Dr Fauci.

Mr Biden began his term as America’s 46th president on Wednesday with a call for unity in a country riven by political and racial divisions and a raft of executive actions. Mr Biden's first course of action as president will be to undo controversial policies implemented by his predecessor Donald Trump.

“Disagreement must not lead to disunion,” Mr Biden said in his inaugural address after taking the oath of office in front of the US Capitol exactly two weeks after Trump supporters stormed the building in an attempt to block certification of Mr Biden's election victory.

“We must end this uncivil war that pits red against blue, rural versus urban, conservative versus liberal,” he said.

Mr Biden ended his address by leading the attendees in a moment of silent prayer for the victims of the Covid-19 pandemic, one of the main challenges facing the new president.

Prior to Mr Biden’s oath, Supreme Court Justice Sonia Sotomayor swore in Vice President Kamala Harris, the first woman, African American and Asian American to hold the office.

The inauguration was held amid tight security in Washington, with more than 25,000 National Guard and 2,500 temporarily sworn in special marshals to ensure the event went off peacefully after the attack on the US Capitol.

  • Singer Lady Gaga is greeted by President-elect Joe Biden during the inauguration of Biden as the 46th President of the United States on the West Front of the US Capitol in Washington, on January 20, 2021. Reuters
    Singer Lady Gaga is greeted by President-elect Joe Biden during the inauguration of Biden as the 46th President of the United States on the West Front of the US Capitol in Washington, on January 20, 2021. Reuters
  • Singer Jennifer Lopez arrives to perform at the inauguration ceremony. Reuters
    Singer Jennifer Lopez arrives to perform at the inauguration ceremony. Reuters
  • Jennifer Lopez performs during the inauguration of Joe Biden. Reuters
    Jennifer Lopez performs during the inauguration of Joe Biden. Reuters
  • Lady Gaga and US Vice President Mike Pence during the national anthem at the inauguration of Joe Biden as the 46th President of the United States. Reuters
    Lady Gaga and US Vice President Mike Pence during the national anthem at the inauguration of Joe Biden as the 46th President of the United States. Reuters
  • Former US president Barack Obama and his wife Michelle Obama arrive for the inauguration of Joe Biden on the West Front of the US Capitol. Reuters
    Former US president Barack Obama and his wife Michelle Obama arrive for the inauguration of Joe Biden on the West Front of the US Capitol. Reuters
  • Vice President Mike Pence and his wife Karen Pence arrive for the 59th Presidential Inauguration at the US Capitol for President-elect Joe Biden in Washington. AP Photo
    Vice President Mike Pence and his wife Karen Pence arrive for the 59th Presidential Inauguration at the US Capitol for President-elect Joe Biden in Washington. AP Photo
  • Former US president George W Bush and wife Laura Bush arrive for the inauguration of Joe Biden as the 46th US President. AFP
    Former US president George W Bush and wife Laura Bush arrive for the inauguration of Joe Biden as the 46th US President. AFP
  • Former US president Bill Clinton and former baseball player Alexander Rodriguez are pictured before the inauguration of Joe Biden. Reuters
    Former US president Bill Clinton and former baseball player Alexander Rodriguez are pictured before the inauguration of Joe Biden. Reuters
  • Former secretary of state Hillary Clinton arrives at the US Capitol ahead of the inauguration of Joe Biden as US President. EPA
    Former secretary of state Hillary Clinton arrives at the US Capitol ahead of the inauguration of Joe Biden as US President. EPA
  • House Minority Whip Steve Scalise, left, greets former vice president Dan Quayle, as they arrive for the inauguration of Joe Biden. AP Photo
    House Minority Whip Steve Scalise, left, greets former vice president Dan Quayle, as they arrive for the inauguration of Joe Biden. AP Photo

Mr Trump was not present at the ceremony, attended by about 1,000 people rather than the hundreds of thousands who normally flock to the capital for the event. Former vice president Mike Pence attended, as did members of Congress and several past presidents, Republicans and Democrats.

Although Mr Trump shunned the inauguration ceremony and instead flew to his residence in Florida, he maintained a modern tradition by leaving his successor a letter in the desk of the Oval Office.

Mr Biden said Mr Trump had written him "a very generous letter", but declined to reveal its contents. "Because it was private, I will not talk about it until I talk to him, but it was generous."

Within hours of taking office, the new president signed a series of executive orders aimed at reversing decisions by his predecessor, including a decision to re-join the Paris climate accord, ending the ban on entry from mostly Muslim-majority countries and halting construction of the wall on the US-Mexico border.

Mr Biden also issued orders to keep the United States in the World Health Organisation, make face masks mandatory in all federal buildings, bolster environmental protections and expand diversity and equality for minority groups in the federal government.

World leaders said they were looking forward to working with Mr Biden, with the UAE President, Sheikh Khalifa, expressing hope that the countries would deepen their decades-long partnership in working together on challenges such as global health, climate change and violent extremism.

Sheikh Khalifa noted that the UAE leadership had worked closely with Mr Biden during his many years in the Senate and as Barack Obama's vice president, state news agency Wam reported.

President Frank-Walter Steinmeier of Germany, Europe's biggest economy, said he was "greatly relieved" Mr Biden was replacing Mr Trump as US president, calling it a "good day for democracy".

Charles Michel, President of the European Council, tweeted congratulations to Mr Biden and Vice President Kamala Harris.

"It's time to bring back conviction and common sense and rejuvenate our EU-US relationship," Mr Michel said.

European Commission President Ursula von der Leyen said: "Europe is ready for a fresh start."

Iranian President Hassan Rouhani hailed the departure of Mr Trump, who withdrew the US from the 2015 Iran nuclear deal and imposed sanctions.

The Biden administration is looking to return the US to the nuclear accord between Tehran and world powers, provided Tehran returns to strict compliance.

"We expect [the Biden administration] to return to law and to commitments and try in the next four years, if they can, to remove the stains of the past four years," Mr Rouhani said.

White House spokeswoman Jen Psaki said in her first press briefing on Wednesday that Mr Biden would discuss a conditional US re-entry to the deal as part of his first round of phone calls with foreign leaders, including close American allies.

Mr Biden's first day in office ended with a fireworks display that lit up the sky behind the Washington Monument.

The president and first lady Jill Biden watched from a balcony in the White House on Wednesday night surrounded by their grandchildren.

While the inaugural events were scaled back because of the pandemic and security concerns in Washington, organisers created a celebratory atmosphere with live and recorded celebrity performances, ending with singer Katy Perry.

Vice President Harris and her husband, Doug Emhoff, watched the fireworks from the steps of the Washington Monument after a brief speech by Ms Harris.

PRISCILLA
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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 five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

The Energy Research Centre

Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.

Fight Night

FIGHT NIGHT

Four title fights:

Amir Khan v Billy Dib - WBC International title
Hughie Fury v Samuel Peter - Heavyweight co-main event  
Dave Penalosa v Lerato Dlamini - WBC Silver title
Prince Patel v Michell Banquiz - IBO World title

Six undercard bouts:

Michael Hennessy Jr v Abdul Julaidan Fatah
Amandeep Singh v Shakhobidin Zoirov
Zuhayr Al Qahtani v Farhad Hazratzada
Lolito Sonsona v Isack Junior
Rodrigo Caraballo v Sajid Abid
Ali Kiydin v Hemi Ahio

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

COMPANY%20PROFILE
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