VENICE, Louisiana // Curt Pannagl, an oyster broker, was unimpressed by the US president Barack Obama's decision to visit the Louisiana coast yesterday where people were waiting nervously for an advancing oil slick in the Gulf of Mexico to hit land.
"What's he going to do apart from print money?" said Mr Pannagl, 49, a third-generation oysterman who first started selling the shellfish when he was 13 and who relied on the business to put him through college.
The wait for the oil spill to hit land has assumed greater urgency in recent days because strong winds have added velocity to the rapidly-growing slick and confined clean-up boats to harbour.
Late yesterday, the National Oceanic and Atmospheric Administration (NOAA) said it was closing commercial and recreational fishing from Louisiana to parts of the Florida Panhandle because of the spill.
The NOAA said the closure would begin immediately and last for at least 10 days.
Federal engineers have been unable to stop the flow of about 5,000 barrels of oil a day, according to their estimates, from more than a kilometre underwater after an oil rig contracted by BP, the UK-based oil company, exploded on April 20. BP's chairman, Lamar McKay, said yesterday the explosion was caused by "a failed piece of equipment".
The rig, about 64km off Louisiana's coast, sank two days later, leaving 11 people missing, presumed dead.
Mr Obama campaigned on the widespread perception that George W Bush, when he was president five years ago, failed to effectively respond to devastation left by Hurricane Katrina on New Orleans.
But it was unclear whether yesterday's visit would stop the growing discontent of some Louisiana fishermen, who speak of Mr Obama facing his own Katrina-like challenge with the oil spill expected to wreak economic and environmental devastation on the local fishing industry and coastal marshlands.
Mr Obama was already under attack after he signalled his willingness to allow more offshore oil drilling. Environmentalists have taken to saying "Spill baby, spill" in a rendering of the right-wing chant "Drill, baby drill".
BP faces growing criticism from federal and state officials.
"We continue to be concerned about BP's ability to respond to this incident," said Bobby Jindal, the governor of Louisiana. "We are past the point of waiting for any clean-up plans from BP" or the US coastguard's incident commander.
In the first few days after the incident, the US coastguard accepted BP's efforts to stop the oil spill while attention was focused on the explosion's casualties. But 10 days later, BP was still battling to contain the oil in an operation that could cost it billions of dollars and untold damage to its reputation.
Ken Salazar, the US interior secretary, had said he told BP executives "to work harder and faster and smarter to get the job done".
Tony Hayward, BP's chief executive, was expected to return to Louisiana today as more residents questioned the company's response. His visit to the region last week went relatively unnoticed because there was greater hope then the oil flow would stop sooner.
BP is self-insured and has assumed responsibility for the clean-up and compensation. But few people held out much hope for a speedy resolution given the conditions that engineers were grappling with.
David Legnon, who runs his own charter fishing boat company in Venice, was more sanguine about BP's difficulties because he worked in the oil industry for several years. He said many of the tourists who visit the region's wetlands charter boats to fish and to see the wide array of birds and wildlife.
"What more can BP do? They need to stop the oil leaking because until that's done, we don't even know what we're going to be dealing with," he said.
"Things feel weirdly calm right now, like the calm before the hurricane," he said while looking over the boats confined to Venice's marina on Saturday because of the strong winds.
But many of his colleagues were unhappy with BP even though the company had hired their boats to go out and lay boom lines on Friday to try to prevent oil from reaching the shore.
"BP was paying a couple of hundred dollars over what these guys would make from fishing, but it seems things were very badly organised," Mr Legnon said. "BP eventually came out with about 20 contracts for the guys even though there were about 400 of them and had to go off and photo-copy them."
Along with Louisiana, Alabama, Mississippi and Florida were also fearfully waiting for the oil spill's landfall.
In Louisiana alone, the commercial fishing industry is worth around $2.4 billion (Dh8.8bn), according to the state's seafood promotion and marketing board.
sdevi@thenational.ae
Explainer: Tanween Design Programme
Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.
The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.
It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.
The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.
Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Winners
Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)
Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)
Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)
Best Young Women’s Player
Vicky López (Barcelona / Spain)
Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)
Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)
Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)
Women’s Coach of the Year
Sarina Wiegman (England)
MATCH INFO
Burnley 0
Man City 3
Raheem Sterling 35', 49'
Ferran Torres 65'
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
MATCH INFO
Schalke 0
Werder Bremen 1 (Bittencourt 32')
Man of the match Leonardo Bittencourt (Werder Bremen)
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20HyveGeo%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Abdulaziz%20bin%20Redha%2C%20Dr%20Samsurin%20Welch%2C%20Eva%20Morales%20and%20Dr%20Harjit%20Singh%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3ECambridge%20and%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%208%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ESustainability%20%26amp%3B%20Environment%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%24200%2C000%20plus%20undisclosed%20grant%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVenture%20capital%20and%20government%3C%2Fp%3E%0A
Dubai World Cup Carnival Card:
6.30pm: Handicap US$135,000 (Turf) 1,200m
7.05pm: Handicap $135,000 (Dirt) 1,200m
7.40pm: Zabeel Turf Listed $175,000 (T) 2,000m
8.15pm: Cape Verdi Group Two $250,000 (T) 1,600m
8.50pm: Handicap $135,000 (D) 1,600m
9.25pm: Handicap $175,000 (T) 1,600m
Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
SPECS
%3Cp%3EEngine%3A%20Supercharged%203.5-litre%20V6%0D%3Cbr%3EPower%3A%20400hp%0D%3Cbr%3ETorque%3A%20430Nm%0D%3Cbr%3EOn%20sale%3A%20Now%0D%3Cbr%3EPrice%3A%20From%20Dh450%2C000%0D%3Cbr%3E%3C%2Fp%3E%0A
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
Killing of Qassem Suleimani
Four-day collections of TOH
Day Indian Rs (Dh)
Thursday 500.75 million (25.23m)
Friday 280.25m (14.12m)
Saturday 220.75m (11.21m)
Sunday 170.25m (8.58m)
Total 1.19bn (59.15m)
(Figures in millions, approximate)