Queen Elizabeth II speaks with Prince Harry at Windsor Castle in 2019. Getty Images
Queen Elizabeth II speaks with Prince Harry at Windsor Castle in 2019. Getty Images
Queen Elizabeth II speaks with Prince Harry at Windsor Castle in 2019. Getty Images
Queen Elizabeth II speaks with Prince Harry at Windsor Castle in 2019. Getty Images

Prince Harry remembers 'granny's infectious smile'


Paul Carey
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Queen Elizabeth II dies - follow the latest news as the world mourns

Prince Harry chose to remember Queen Elizabeth II's "infectious smile" as he paid tribute to his late grandmother, thanking her for her "sound advice" and describing her as a "guiding compass".

In a statement released on Monday, which is understood to have been held back a day out of respect for the anniversary of the September 11 attacks in the US, the Duke of Sussex also said he wanted to honour his father at the start of his reign as King Charles III.

Referring to the queen as "Granny", he said it made him smile to know that she has been reunited with "grandpa", the late Duke of Edinburgh who died last year.

He also revealed that the Queen shared precious moments with his children just a few months before her death.

The prince described how the queen hugged Archie, three, and Lilibet, 15 months, likely when the family visited the UK in June to attend the queen’s platinum jubilee celebrations.

At the time, it was not known if the Sussexes had met privately with the queen during their stay at their Frogmore cottage home close to Windsor Castle.

“In celebrating the life of my grandmother, Her Majesty The Queen — and in mourning her loss ― we are all reminded of the guiding compass she was to so many in her commitment to service and duty," Harry said.

  • A tribute altar for Queen Elizabeth II in Green Park in London. AFP
    A tribute altar for Queen Elizabeth II in Green Park in London. AFP
  • Ann Doran, 6, looks at floral tributes left in Green Park. Reuters
    Ann Doran, 6, looks at floral tributes left in Green Park. Reuters
  • Britain's Prince William, Prince of Wales, and Catherine, Princess of Wales, look at floral tributes on the Sandringham Estate. AFP
    Britain's Prince William, Prince of Wales, and Catherine, Princess of Wales, look at floral tributes on the Sandringham Estate. AFP
  • A drawing of the queen and her husband Prince Philip among flowers outside Windsor Castle. AFP
    A drawing of the queen and her husband Prince Philip among flowers outside Windsor Castle. AFP
  • Members of the public view floral tributes in Green Park, near Buckingham Palace. PA
    Members of the public view floral tributes in Green Park, near Buckingham Palace. PA
  • People queue on a bridge over the river Thames to pay their respects to Queen Elizabeth in London. Reuters
    People queue on a bridge over the river Thames to pay their respects to Queen Elizabeth in London. Reuters
  • A member of the public lights a candle at Windsor Parish Church. AFP
    A member of the public lights a candle at Windsor Parish Church. AFP
  • Residents of the Lawn care home in Alton, Hampshire, decorate an area with photographs of Queen Elizabeth, bunting and their own flower arrangements. PA
    Residents of the Lawn care home in Alton, Hampshire, decorate an area with photographs of Queen Elizabeth, bunting and their own flower arrangements. PA
  • Lloyd's of London chief John Neal delivers remarks honouring the life of Queen Elizabeth during a remembrance ceremony in the atrium of the company's offices in London. Getty Images
    Lloyd's of London chief John Neal delivers remarks honouring the life of Queen Elizabeth during a remembrance ceremony in the atrium of the company's offices in London. Getty Images
  • Joyce Buckley, a sponge decorator at Emma Bridgewater pottery in Stoke-on-Trent, Staffordshire, paints a commemorative mug. PA
    Joyce Buckley, a sponge decorator at Emma Bridgewater pottery in Stoke-on-Trent, Staffordshire, paints a commemorative mug. PA
  • A royalist standing in front of Buckingham Palace. AFP
    A royalist standing in front of Buckingham Palace. AFP
  • Tributes to Queen Elizabeth are viewed at St James's Park in London. Reuters
    Tributes to Queen Elizabeth are viewed at St James's Park in London. Reuters
  • Crowds gather outside St. Giles' Cathedral on the Royal Mile as the queen's coffin passes in Edinburgh. Bloomberg
    Crowds gather outside St. Giles' Cathedral on the Royal Mile as the queen's coffin passes in Edinburgh. Bloomberg
  • Chelsea Pensioners attend a Drumhead service of remembrance, with readings and prayers, in London. Getty Images
    Chelsea Pensioners attend a Drumhead service of remembrance, with readings and prayers, in London. Getty Images
  • An image of Queen Elizabeth at Green Park Tube station. Reuters
    An image of Queen Elizabeth at Green Park Tube station. Reuters
  • Vanessa, Anne and Grace, from left to right, wait opposite the Palace of Westminster to be first in line bidding farewell to Queen Elizabeth in London. AP
    Vanessa, Anne and Grace, from left to right, wait opposite the Palace of Westminster to be first in line bidding farewell to Queen Elizabeth in London. AP
  • A young girl holds Paddington Bear and Corgi stuffed toys while waiting to watch the procession of Queen Elizabeth's coffin from the Palace of Holyroodhouse to the Royal Mile in Edinburgh. Reuters
    A young girl holds Paddington Bear and Corgi stuffed toys while waiting to watch the procession of Queen Elizabeth's coffin from the Palace of Holyroodhouse to the Royal Mile in Edinburgh. Reuters
  • Well-wishers outside Windsor Castle. Getty Images
    Well-wishers outside Windsor Castle. Getty Images
  • Lloyd Smith paints a portrait of Queen Elizabeth in London. AFP
    Lloyd Smith paints a portrait of Queen Elizabeth in London. AFP
  • A child lays flowers outside the Palace of Holyroodhouse in Edinburgh. AP
    A child lays flowers outside the Palace of Holyroodhouse in Edinburgh. AP
  • A family leaves flowers outside Buckingham Palace. EPA
    A family leaves flowers outside Buckingham Palace. EPA
  • Flowers and tributes, including sunflowers and a Paddington Bear, are left for Queen Elizabeth at the Green Park memorial in London. AP
    Flowers and tributes, including sunflowers and a Paddington Bear, are left for Queen Elizabeth at the Green Park memorial in London. AP
  • People start to camp on The Mall ahead of Queen Elizabeth's coffin being taken from Buckingham Palace on Wednesday afternoon by procession on a Gun Carriage to the Palace of Westminster. PA
    People start to camp on The Mall ahead of Queen Elizabeth's coffin being taken from Buckingham Palace on Wednesday afternoon by procession on a Gun Carriage to the Palace of Westminster. PA
  • Flowers left in St James's Park, London. PA
    Flowers left in St James's Park, London. PA
  • A man with his dog arrive early as they wait to view the cortege carrying the coffin of Queen Elizabeth in Edinburgh. Getty Images
    A man with his dog arrive early as they wait to view the cortege carrying the coffin of Queen Elizabeth in Edinburgh. Getty Images
  • Members of the public gather on the Royal Mile in Edinburgh to watch the hearse carrying the coffin of Queen Elizabeth to the Palace of Holyroodhouse. PA
    Members of the public gather on the Royal Mile in Edinburgh to watch the hearse carrying the coffin of Queen Elizabeth to the Palace of Holyroodhouse. PA
  • Crowds watch as the hearse continues its journey to the Palace of Holyroodhouse from Balmoral. PA
    Crowds watch as the hearse continues its journey to the Palace of Holyroodhouse from Balmoral. PA
  • The hearse passing over Queensferry Crossing on its way to Edinburgh. PA
    The hearse passing over Queensferry Crossing on its way to Edinburgh. PA
  • Flowers left at the Sandringham Estate, one of the queen's residences. EPA
    Flowers left at the Sandringham Estate, one of the queen's residences. EPA
  • A Paddington Bear teapot at the Sandringham Estate. EPA
    A Paddington Bear teapot at the Sandringham Estate. EPA
  • Flowers left at the gates of the Sandringham Estate. EPA
    Flowers left at the gates of the Sandringham Estate. EPA
  • Flowers, cards and messages left in St James's Park in London. EPA
    Flowers, cards and messages left in St James's Park in London. EPA
  • People lay flowers at Buckingham Palace in London. Reuters
    People lay flowers at Buckingham Palace in London. Reuters

“She was globally admired and respected. Her unwavering grace and dignity remained true throughout her life and now her everlasting legacy.

“Let us echo the words she spoke after the passing of her husband, Prince Philip, words which can bring comfort to all of us now: ‘Life, of course, consists of final partings as well as first meetings.'”

He added: “Granny, while this final parting brings us great sadness, I am forever grateful for all of our first meetings ―from my earliest childhood memories with you, to meeting you for the first time as my Commander-in-Chief, to the first moment you met my darling wife and hugged your beloved great-grandchildren.

“I cherish these times shared with you, and the many other special moments in between. You are already sorely missed, not just by us, but by the world over.

“And as it comes to first meetings, we now honour my father in his new role as King Charles III. Thank you for your commitment to service. Thank you for your sound advice.

“Thank you for your infectious smile. We, too, smile knowing that you and grandpa are reunited now, and both together in peace.”

The queen and Duke of Edinburgh saw Archie at Windsor Castle a few days after he was born in May 2019 but it was thought the Queen had not held Lilibet, who was born last June.

Her great-granddaughter was named after her – taking her childhood nickname.

  • Britain's William, Prince of Wales, second left, his wife Catherine, Princess of Wales, left, along with Prince Harry and his wife Meghan, the Duchess of Sussex, look at floral tributes as they walk outside Windsor Castle. Reuters
    Britain's William, Prince of Wales, second left, his wife Catherine, Princess of Wales, left, along with Prince Harry and his wife Meghan, the Duchess of Sussex, look at floral tributes as they walk outside Windsor Castle. Reuters
  • Left to right: The Duchess of Cambridge, Prince William, Prince Harry and the Duchess of Sussex at Windsor Castle. AFP
    Left to right: The Duchess of Cambridge, Prince William, Prince Harry and the Duchess of Sussex at Windsor Castle. AFP
  • The royals meet people outside Windsor Castle. AP
    The royals meet people outside Windsor Castle. AP
  • Walking together outside Windsor Castle. Reuters
    Walking together outside Windsor Castle. Reuters
  • Prince Harry and his wife Meghan are staying at Frogmore Cottage on the Windsor estate, just a stone's throw from Prince William and his wife Kate's new home, Adelaide Cottage. PA
    Prince Harry and his wife Meghan are staying at Frogmore Cottage on the Windsor estate, just a stone's throw from Prince William and his wife Kate's new home, Adelaide Cottage. PA
  • The royals speak and shake hands with different sides of the cheering crowds. AP
    The royals speak and shake hands with different sides of the cheering crowds. AP
  • A pause to look at floral tributes laid by members of the public on the Long Walk at Windsor Castle. AFP
    A pause to look at floral tributes laid by members of the public on the Long Walk at Windsor Castle. AFP
  • Prince Harry points at a floral tribute. Reuters
    Prince Harry points at a floral tribute. Reuters
  • In his first speech as king on Friday, Charles, 73, spoke of his love for his second son and daughter-in-law. AP
    In his first speech as king on Friday, Charles, 73, spoke of his love for his second son and daughter-in-law. AP
  • The two couples had last been seen together at the Commonwealth Day service at Westminster Abbey in 2020. Reuters
    The two couples had last been seen together at the Commonwealth Day service at Westminster Abbey in 2020. Reuters

The statement came two days after the duke and his wife Meghan, the Duchess of Sussex, joined the new Prince and Princess of Wales at Windsor Castle on Saturday.

The princes have a well-documented troubled relationship but the death of their grandmother saw the pair shelve their differences when, with their wives, they viewed floral tributes left to the late queen.

It is understood Prince William invited his brother to join them in meeting well-wishers outside the castle as an “important show of unity”.

Two years have passed since the four were together side by side in public, during the 2020 Commonwealth Day church service. On Saturday, they appeared at ease driving off together with William at the wheel of a Range Rover after their walkabout lasted a little more than 40 minutes.

During their walkabout, the Duchess of Cambridge told children who had gathered to lay flowers that her son, Prince Louis, had responded to the death of the queen by saying: "At least granny is with great grandpa 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

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Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan

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Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh

21 Lessons for the 21st Century

Yuval Noah Harari, Jonathan Cape
 

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World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

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Liverpool's all-time goalscorers

Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228

Name: Brendalle Belaza

From: Crossing Rubber, Philippines

Arrived in the UAE: 2007

Favourite place in Abu Dhabi: NYUAD campus

Favourite photography style: Street photography

Favourite book: Harry Potter

Retirement funds heavily invested in equities at a risky time

Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.

Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.

The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.

The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.

Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.

The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.

• Bloomberg

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THE SPECS

Engine: 1.5-litre, four-cylinder turbo

Transmission: seven-speed dual clutch automatic

Power: 169bhp

Torque: 250Nm

Price: Dh54,500

On sale: now

Updated: September 12, 2022, 11:44 AM