Iranians, some wearing protective masks, gather inside the capital Tehran's grand bazaar, during the Covid-19 coronavirus pandemic crises, on March 18, 2020. Iran said its novel coronavirus death toll surpassed 1,000 today as President Hassan Rouhani defended the response of his administration, which has yet to impose a lockdown. The COVID-19 outbreak in sanctions-hit Iran is one of the deadliest outside China, where the disease originated. / AFP / -
Iranians, some wearing protective masks, gather inside the capital Tehran's grand bazaar, during the Covid-19 coronavirus pandemic crises, on March 18, 2020. Iran said its novel coronavirus death toll surpassed 1,000 today as President Hassan Rouhani defended the response of his administration, which has yet to impose a lockdown. The COVID-19 outbreak in sanctions-hit Iran is one of the deadliest outside China, where the disease originated. / AFP / -
Iranians, some wearing protective masks, gather inside the capital Tehran's grand bazaar, during the Covid-19 coronavirus pandemic crises, on March 18, 2020. Iran said its novel coronavirus death toll surpassed 1,000 today as President Hassan Rouhani defended the response of his administration, which has yet to impose a lockdown. The COVID-19 outbreak in sanctions-hit Iran is one of the deadliest outside China, where the disease originated. / AFP / -
Iranians, some wearing protective masks, gather inside the capital Tehran's grand bazaar, during the Covid-19 coronavirus pandemic crises, on March 18, 2020. Iran said its novel coronavirus death toll

US sanctions Iran amid coronavirus outbreak


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The United States imposed fresh sanctions on Iran on Tuesday, keeping up its economic pressure campaign even as it offered to help Tehran cope with the coronavirus pandemic and called on the Islamic Republic to release detained Americans.

Iran is considering freeing some US citizens, Secretary of State Mike Pompeo said at a news conference where he made clear Washington will maintain its maximum-pressure campaign to choke off Tehran's ability to export its oil.

The campaign, instituted after President Donald Trump in 2018 unilaterally withdrew from the 2015 nuclear deal Iran struck with six major powers, aims to force Iran to limit its nuclear, missile and regional activities.

Mr Pompeo on Tuesday said the State Department is blacklisting nine entities based in South Africa, Hong Kong and China, as well as three Iranian individuals, for engaging in "significant transactions" to trade in Iranian petrochemicals.

While he did not name them, Mr Pompeo said the step included blacklisting Iran’s armed forces social security investment company and its director for investing in sanctioned entities.

  • Medical staff push a patient on a gurney to a waiting medical helicopter at the Emile Muller hospital in Mulhouse, eastern France. AFP
    Medical staff push a patient on a gurney to a waiting medical helicopter at the Emile Muller hospital in Mulhouse, eastern France. AFP
  • An Indian man shows his stamped hand, indicating that the person is under 'home quarantine', in Mumbai, India. EPA
    An Indian man shows his stamped hand, indicating that the person is under 'home quarantine', in Mumbai, India. EPA
  • Judie Shape, centre, who has tested positive for the coronavirus, but isn't showing symptoms, presses her hand against her window after a visit through the window and on the phone with her daughter Lori Spencer, left, and her son-in-law Michael Spencer, at the Life Care Center in Kirkland. AP Photo
    Judie Shape, centre, who has tested positive for the coronavirus, but isn't showing symptoms, presses her hand against her window after a visit through the window and on the phone with her daughter Lori Spencer, left, and her son-in-law Michael Spencer, at the Life Care Center in Kirkland. AP Photo
  • A single worshipper wearing a surgical mask sits on a pew in Westminster Cathedral in central London. AFP
    A single worshipper wearing a surgical mask sits on a pew in Westminster Cathedral in central London. AFP
  • People confined at their homes sing and dance from their windows to bolster themselves up during a lockdown in Madrid. AFP
    People confined at their homes sing and dance from their windows to bolster themselves up during a lockdown in Madrid. AFP
  • A person walks on the deserted Passerelle du Palais de Justice in Lyon, central eastern France as a strict lockdown comes into in effect. AFP
    A person walks on the deserted Passerelle du Palais de Justice in Lyon, central eastern France as a strict lockdown comes into in effect. AFP
  • Soldiers stand guard on road leading to a quarantine faciltity for people returning from Iran via the Pakistan-Iran border town of Taftan, in Sukkur in southern Sindh province. AFP
    Soldiers stand guard on road leading to a quarantine faciltity for people returning from Iran via the Pakistan-Iran border town of Taftan, in Sukkur in southern Sindh province. AFP
  • A passenger wearing protective clothing uses a self check-in machine at Incheon international airport, west of Seoul. AFP
    A passenger wearing protective clothing uses a self check-in machine at Incheon international airport, west of Seoul. AFP
  • Workers cheer themselves after loading travellers onto buses outside the New China International Exhibition Centre, near Beijing Capital Airport in Beijing. AFP
    Workers cheer themselves after loading travellers onto buses outside the New China International Exhibition Centre, near Beijing Capital Airport in Beijing. AFP
  • A nurse wearing a facemask walks outside the entrance of Sri Lanka's Infectious Diseases Hospital near Colombo. AFP
    A nurse wearing a facemask walks outside the entrance of Sri Lanka's Infectious Diseases Hospital near Colombo. AFP
  • People queue for groceries at a supermarket in Singapore. AFP
    People queue for groceries at a supermarket in Singapore. AFP
  • A medical worker tests a person for the coronavirus at a drive-through facility primarily for first responders and medical personnel in San Antonio. AP Photo
    A medical worker tests a person for the coronavirus at a drive-through facility primarily for first responders and medical personnel in San Antonio. AP Photo
  • A robot, developed by a start-up firm Asimov Robotics, holds a tray with face masks and sanitiser after the two robots were launched to spread awareness about the coronavirus, in Kochi, India, March 17, 2020. Reuters
    A robot, developed by a start-up firm Asimov Robotics, holds a tray with face masks and sanitiser after the two robots were launched to spread awareness about the coronavirus, in Kochi, India, March 17, 2020. Reuters

Separately, the Commerce Department said it will add six people – including five Iranian nuclear scientists – and 18 corporations to the US "Entity List" for aiding Iran’s nuclear programme, Pakistan’s unsafeguarded nuclear and missile programs, and Russian military modernisation efforts.

They named the five scientists as Aref Bali Lashak, from Nowshar, a senior expert; Mehdi Hadavi, from Tehran, a project supervisor; Kamran Daneshjou, from Damavand, the head of AMAD plan project 111, which is said to have looked into housing a probable nuclear device within the Shahab-3 missile; Mehdi Teranch, from Tehran, a project supervisor in AMAD subproject 3/30, which was in charge of nuclear explosive testing; and Ali Mehdipour Omrani, from Tonekaban, a senior expert in AMAD subproject 3/11, the project simulation group in charge of nuclear weapons design.

Without naming them, the Commerce Department said the move covers companies in a number of countries and will constrict the export of certain items to them.

The Entity List names foreign parties that are barred from receiving some or all items subject to US export regulations unless the exporter secures a license, according to the department.

On Monday, sources familiar with the matter who spoke on condition of anonymity because of the sensitivity of the issue said the US was unlikely to ease sanctions on Iran despite an appeal from China that it do so because of the pandemic.

Mr Pompeo urged Iran to free US citizens it has detained as a humanitarian gesture because of coronavirus. Iran has reported 16,169 coronavirus cases and 988 deaths in one of the worst national outbreaks outside of China, where the pandemic originated.

"We are aware that they are thinking about whether to release them or not," Mr Pompeo told reporters. "We are urging them … to release every American that is being wrongfully held there as a humanitarian gesture, given the risk that is posed."

It is not clear exactly how many Americans Iran may hold, but they include father and son Baquer and Siamak Namazi; Michael White, a Navy veteran; and possibly Robert Levinson, a former FBI agent missing since 2007.

Don't get fined

The UAE FTA requires following to be kept:

  • Records of all supplies and imports of goods and services
  • All tax invoices and tax credit notes
  • Alternative documents related to receiving goods or services
  • All tax invoices and tax credit notes
  • Alternative documents issued
  • Records of goods and services that have been disposed of or used for matters not related to business
UAE currency: the story behind the money in your pockets
Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Draw for Europa League last-16

Istanbul Basaksehir v Copenhagen; Olympiakos Piraeus v Wolverhampton Wanderers

Rangers v Bayer Leverkusen; VfL Wolfsburg v Shakhtar Donetsk; Inter Milan v Getafe

Sevilla v AS Roma; Eintracht Frankfurt or Salzburg v Basel; LASK v Manchester United

At Everton Appearances: 77; Goals: 17

At Manchester United Appearances: 559; Goals: 253

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

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

COMPANY PROFILE

Company: Bidzi

● Started: 2024

● Founders: Akshay Dosaj and Asif Rashid

● Based: Dubai, UAE

● Industry: M&A

● Funding size: Bootstrapped

● No of employees: Nine

MATCH INFO

Liverpool 0

Stoke City 0

Man of the Match: Erik Pieters (Stoke)

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Labour dispute

The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.


- Abdullah Ishnaneh, Partner, BSA Law 

ICC T20 Team of 2021

Jos Buttler, Mohammad Rizwan, Babar Azam, Aiden Markram, Mitchell Marsh, David Miller, Tabraiz Shamsi, Josh Hazlewood, Wanindu Hasaranga, Mustafizur Rahman, Shaheen Afridi

Lowest Test scores

26 - New Zealand v England at Auckland, March 1955

30 - South Africa v England at Port Elizabeth, Feb 1896

30 - South Africa v England at Birmingham, June 1924

35 - South Africa v England at Cape Town, April 1899

36 - South Africa v Australia at Melbourne, Feb. 1932

36 - Australia v England at Birmingham, May 1902

36 - India v Australia at Adelaide, Dec. 2020

38 - Ireland v England at Lord's, July 2019

42 - New Zealand v Australia in Wellington, March 1946

42 - Australia v England in Sydney, Feb. 1888

THE%20SWIMMERS
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ESally%20El-Hosaini%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ENathalie%20Issa%2C%20Manal%20Issa%2C%20Ahmed%20Malek%20and%20Ali%20Suliman%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENamara%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJune%202022%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EMohammed%20Alnamara%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%20%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EMicrofinance%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3E16%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFamily%20offices%0D%3Cbr%3E%3C%2Fp%3E%0A
Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

Biggest%20applause
%3Cp%3EAsked%20to%20rate%20Boris%20Johnson's%20leadership%20out%20of%2010%2C%20Mr%20Sunak%20awarded%20a%20full%2010%20for%20delivering%20Brexit%20%E2%80%94%20remarks%20that%20earned%20him%20his%20biggest%20round%20of%20applause%20of%20the%20night.%20%22My%20views%20are%20clear%2C%20when%20he%20was%20great%20he%20was%20great%20and%20it%20got%20to%20a%20point%20where%20we%20need%20to%20move%20forward.%20In%20delivering%20a%20solution%20to%20Brexit%20and%20winning%20an%20election%20that's%20a%2010%2F10%20-%20you've%20got%20to%20give%20the%20guy%20credit%20for%20that%2C%20no-one%20else%20could%20probably%20have%20done%20that.%22%3C%2Fp%3E%0A
Cheeseburger%20ingredients
%3Cp%3EPrice%20for%20a%20single%20burger%20%C2%A30.44%3Cbr%3EPrice%20for%20a%20single%20bun%20%C2%A30.17%3Cbr%3EPrice%20for%20a%20single%20cheese%20slice%20%C2%A30.04%3Cbr%3EPrice%20for%2010g%20Gherkins%20is%20less%20than%20%C2%A30.01%3Cbr%3EPrice%20for%2010g%20ketchup%20is%20less%20than%20%C2%A30.01%20%3Cbr%3EPrice%20for%2010g%20mustard%20is%20less%20than%20%C2%A30.01%3Cbr%3EPrice%20for%2010g%20onions%20is%20less%20than%20%C2%A30.01%3C%2Fp%3E%0A%3Cp%3ETotal%2068p%3C%2Fp%3E%0A%3Cp%3ECredit%3A%20Meal%20Delivery%20Experts%3C%2Fp%3E%0A
Autumn international scores

Saturday, November 24

Italy 3-66 New Zealand
Scotland 14-9 Argentina
England 37-18 Australia

McLaren GT specs

Engine: 4-litre twin-turbo V8

Transmission: seven-speed

Power: 620bhp

Torque: 630Nm

Price: Dh875,000

On sale: now

Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.

PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar