• A group of friends who live in New York City celebrate after former Vice President Joe Biden was declared the winner of the 2020 U.S. presidential election as they ride down Fifth Avenue in a rented open top double decker bus in Manhattan, New York City, U.S. Reuters
    A group of friends who live in New York City celebrate after former Vice President Joe Biden was declared the winner of the 2020 U.S. presidential election as they ride down Fifth Avenue in a rented open top double decker bus in Manhattan, New York City, U.S. Reuters
  • Protesters rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 US presidential election, in Lansing, Michigan. Reuters
    Protesters rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 US presidential election, in Lansing, Michigan. Reuters
  • The US Capitol is seen the day after a presidential election victory was called for Joe Biden, in Washington. Reuters
    The US Capitol is seen the day after a presidential election victory was called for Joe Biden, in Washington. Reuters
  • Supporters of the US president who still refuse to recognize Joe Biden's victory, including local Republican Candidate Doug McLinko (L) and Eamon Daley, 28, (2nd R), kneel as they pray outside Jones Diner in Towanda, Pennsylvania on November 8, 2020. They won't believe it "until the results are certified". AFP
    Supporters of the US president who still refuse to recognize Joe Biden's victory, including local Republican Candidate Doug McLinko (L) and Eamon Daley, 28, (2nd R), kneel as they pray outside Jones Diner in Towanda, Pennsylvania on November 8, 2020. They won't believe it "until the results are certified". AFP
  • Supporters of US President Donald Trump rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 presidential election, in Lansing, Michigan. Reuters
    Supporters of US President Donald Trump rally outside the State Capitol building after Joe Biden was declared the winner of the 2020 presidential election, in Lansing, Michigan. Reuters
  • President-elect Joe Biden and his daughter Ashley Biden leave after visiting their family grave at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
    President-elect Joe Biden and his daughter Ashley Biden leave after visiting their family grave at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
  • Former New York Mayor Rudy Giuliani addresses the media with the Trump legal team, at the Four Seasons Landscaping company in Philadelphia. Reuters
    Former New York Mayor Rudy Giuliani addresses the media with the Trump legal team, at the Four Seasons Landscaping company in Philadelphia. Reuters
  • Two friends take pictures as they gather at the Lincoln Memorial at sunrise, the morning after incumbent President Donald Trump was defeated. AP
    Two friends take pictures as they gather at the Lincoln Memorial at sunrise, the morning after incumbent President Donald Trump was defeated. AP
  • President-elect Joe Biden arrives at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
    President-elect Joe Biden arrives at St. Joseph on the Brandywine Roman Catholic Church in Wilmington, Delaware. AFP
  • Supporters of President-elect Joe Biden face off over barriers against supporters of President Donald Trump protesting outside the Pennsylvania Convention Center in Philadelphia, Sunday, Nov. 8, 2020, a day after the 2020 election was called for Democrat Biden. (AP Photo/Rebecca Blackwell)
    Supporters of President-elect Joe Biden face off over barriers against supporters of President Donald Trump protesting outside the Pennsylvania Convention Center in Philadelphia, Sunday, Nov. 8, 2020, a day after the 2020 election was called for Democrat Biden. (AP Photo/Rebecca Blackwell)
  • News of Joe Biden's victory in US elections is aired on a digital screen in Dubai Stock Exchange in Dubai, UAE. Reuters
    News of Joe Biden's victory in US elections is aired on a digital screen in Dubai Stock Exchange in Dubai, UAE. Reuters
  • Posters displaying election results hang on the fence outside of St. John's Church near the White House. Reuters
    Posters displaying election results hang on the fence outside of St. John's Church near the White House. Reuters
  • Jordan Johnson poses with a Biden flag outside the White House, in Washington. Reuters
    Jordan Johnson poses with a Biden flag outside the White House, in Washington. Reuters
  • US President-elect Joe Biden arrives with his family for a church service in Wilmington, Delaware. Reuters
    US President-elect Joe Biden arrives with his family for a church service in Wilmington, Delaware. Reuters
  • US President Donald Trump departs the White House, in Washington. EPA
    US President Donald Trump departs the White House, in Washington. EPA
  • The White House in Washington the morning after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden AP
    The White House in Washington the morning after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden AP
  • In this image made through the window of the press vehicle accompanying the motorcade carrying President Donald Trump, people hold signs at the entrance of Trump National Golf Club. AP
    In this image made through the window of the press vehicle accompanying the motorcade carrying President Donald Trump, people hold signs at the entrance of Trump National Golf Club. AP
  • People gather on the steps of the Lincoln Memorial to watch the sunrise the day after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden. AP
    People gather on the steps of the Lincoln Memorial to watch the sunrise the day after incumbent President Donald Trump was defeated by his Democratic challenger, President-elect Joe Biden. AP
  • Birds fly over the White House at dusk, the day after a presidential election victory was called for former Vice President Joe Biden, in Washington. Reuters
    Birds fly over the White House at dusk, the day after a presidential election victory was called for former Vice President Joe Biden, in Washington. Reuters

Twitter will fact-check Trump like anyone else after January 20


  • English
  • Arabic

US President Donald Trump will be subject to the same Twitter rules as any other user when president-elect Joe Biden takes office on January 20, the social media company has confirmed.

Twitter places “public interest” notices on some rule-breaking tweets from world leaders that would otherwise be removed. Such tweets from political candidates and elected or government officials are instead hidden by a warning and Twitter takes action to restrict their reach.

Twitter flagged tweets from President Donald Trump that alleged voter fraud as potentially misleading. AFP
Twitter flagged tweets from President Donald Trump that alleged voter fraud as potentially misleading. AFP

But the company said this rule does not apply to former heads of state or prime ministers.

“This policy framework applies to current world leaders and candidates for office, and not private citizens when they no longer hold these positions,” a Twitter spokesman said.

It has added warnings and labels to tweets from the @realDonaldTrump account, including many since Tuesday’s election that made unfounded allegations of voting fraud.

It first hid one of his tweets behind a “public interest” label in May when the president contravened the company’s policy against glorifying violence.

Under Facebook Inc’s policies, it appears that after Mr Biden takes office in January, Mr Trump’s posts will also lose their exemption from review by the site’s third-party fact-checking partners.

Facebook’s online policy says it defines politicians, whose posts are exempt from fact-checking, as candidates running for office, current office-holders and many of their Cabinet appointees, along with political parties and their leaders.

It says: “Former candidates for office or former officials continue to be covered by our third-party fact-checking programme.”

Facebook did not reply to questions about how it would treat Trump’s account.

Mr Biden’s victory on Saturday in Pennsylvania put the Democratic presidential candidate over the threshold of 270 Electoral College votes needed to clinch the presidency. Republican Mr Trump has not conceded and has vowed to challenge the outcome in court.

The specs

AT4 Ultimate, as tested

Engine: 6.2-litre V8

Power: 420hp

Torque: 623Nm

Transmission: 10-speed automatic

Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)

On sale: Now

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

Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

RESULTS

Catchweight 82kg
Piotr Kuberski (POL) beat Ahmed Saeb (IRQ) by decision.

Women’s bantamweight
Corinne Laframboise (CAN) beat Cornelia Holm (SWE) by unanimous decision.

Welterweight
Omar Hussein (PAL) beat Vitalii Stoian (UKR) by unanimous decision.

Welterweight
Josh Togo (LEB) beat Ali Dyusenov (UZB) by unanimous decision.

Flyweight
Isaac Pimentel (BRA) beat Delfin Nawen (PHI) TKO round-3.

Catchweight 80kg​​​​​​​
Seb Eubank (GBR) beat Emad Hanbali (SYR) KO round 1.

Lightweight
Mohammad Yahya (UAE) beat Ramadan Noaman (EGY) TKO round 2.

Lightweight
Alan Omer (GER) beat Reydon Romero (PHI) submission 1.

Welterweight
Juho Valamaa (FIN) beat Ahmed Labban (LEB) by unanimous decision.

Featherweight
Elias Boudegzdame (ALG) beat Austin Arnett (USA) by unanimous decision.

Super heavyweight
Maciej Sosnowski (POL) beat Ibrahim El Sawi (EGY) by submission round 1.

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

Blackpink World Tour [Born Pink] In Cinemas

Starring: Rose, Jisoo, Jennie, Lisa

Directors: Min Geun, Oh Yoon-Dong

Rating: 3/5

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea