“Welcome to Chiswick Park. We do things differently here,” reads a sign greeting office staff heading to work in the West London suburb.
That message runs true at the office complex operating under an anti-terrorism operation where about 100 staff of Iran International worked until last weekend. The Persian language broadcaster took the decision to send some journalists to the US and order others to work from home as concerns for their safety grew.
Dozens of police and private security guards are on duty. Anyone wishing to enter the building where the newsroom was located must pass through airport style security gates.
Security staff check the number plates of every vehicle before waving drivers through. Another team of officials are stationed behind a two-and-half metre high fence.
During a walk around the park by The National, the simple act of taking a photo on a mobile phone prompted an officer sitting in a police van outside the empty newsroom to react. The Metropolitan Police said a man had been charged with “collecting information of a kind likely to be useful to a person committing or preparing an act of terrorism”.
Magomed-Husejn Dovtaev, a 30-year-old Austrian, was detained and charged by the Met's Counter-Terrorism Command in Chiswick Business Park on February 11.
The National's visit to the business park followed Iran International’s decision to abandon the base. The move came months after several members of the British team had received death threats from the Islamic Republic, prompting round-the-clock police protection.
What would normally have been a bustling newsroom broadcasting live coverage of events in Iran to thousands of viewers around the world was empty.
A source in the broadcaster told The National: “We’re on air, uninterrupted, broadcasting from our DC studios.” The insider said newsgathering from the UK team is “operating normally” while staff are working from home.
Iran International’s decision to move some of its journalists to the US prompted James Cleverly, the UK's Foreign Secretary, to summon Iran's most senior diplomat.
Vijay Rangarajan, the Foreign Office's director general for the Middle East, held a meeting with Iranian Chargé d’Affaires Mehdi Hosseini Matin on Monday to make clear the UK would not tolerate threats to life and media freedom.
The talks were held as the UK announced sanctions on a further eight individuals who the UK says are responsible for human rights violations in Iran.
“The UK will always stand up to countries who threaten our fundamental values of freedom of expression and the media,” Mr Cleverly said.
“I am appalled by the Iranian regime’s continuing threats to the lives of UK-based journalists and have today summoned its representative to make clear this will not be tolerated.
“As part of wider efforts to hold Iran to account, the UK has today also sanctioned a further eight individuals responsible for horrific human rights violations in Iran, including the killing of children. We will never allow the regime’s threats to go unchallenged.”
The latest names to appear on the UK's lengthy list of sanctioned individuals will be subjected to asset freezes and travel bans.
While the UK has sanctioned dozens of Iranian individuals and groups over the regime's treatment of protesters, Rishi Sunak's government has resisted calls from cross-party MPs to designate the Islamic Revolutionary Guard Corps a terrorist organisation.
The channel's move also prompted a warning from Tom Tugendhat, Minister of State for Security.
“The Iranian regime’s threats to assassinate UK-based journalists and harm their families are beyond contempt,” he wrote on Twitter. “Their efforts to silence Iran International TV are a direct attack on our freedoms and an attempt to undermine our sovereignty. They will not succeed.”
As well as the fence outside the building, concrete blocks at the entrance to the park were also among the new introductions since The National last visited the area in November.
Back then, Aliasghar Ramezanpour, executive editor of the channel, said staff were “feeling that they are working in a kind of war zone.”
The Persian language TV channel offers uncensored news and programmes to viewers in Iran and abroad. While the majority of its content focuses on Iranian affairs, it also covers international news and sports.
The channel was co-founded in the UK in 2017 by Mr Ramezanpour, who had worked for BBC Persian.
He said journalists had been threatened over the channel's rolling coverage of the mass anti-government protests that have rocked Iran since the death of Mahsa Amini last September. The 22-year-old Kurdish woman died after allegedly being beaten following her arrest by Iran's morality police for not wearing her hijab properly.
The rallies that have since sprung up in towns and cities across the isolated nation pose one of the most serious challenges to Iran’s theocracy since the 1979 Islamic Revolution.
On Monday, parents appeared unfazed as they pushed children in strollers and walked dogs along tree-lined paths.
While many staff at companies in the area have for months opted to work from home instead of their offices, Raju Ali is among those who has carried on with his routine despite the threat.
Mr Ali, who works in the building next to Iran International, said he would not be cowed into avoiding his office because he felt reassured by the presence of police.
“I come to work every day,” he told The National. “[The police] are taking very good care of it. We haven’t seen any suspicious behaviour or anything like that but, of course, it’s a delicate situation.
“I think it’s a very safe place to work and I would recommend it if anyone asked me if they should work from here because you can see the [police] response and everyone is co-operating. [The police] gave very good protection and in these circumstances they cannot do any better than that.”
He said despite the abnormal work circumstances, the mood among his colleagues is “absolutely fine”.
However, local businesses would disagree with his assessment.
Julian, who runs a coffee station at the edge of the business park, said his shop has been hit hard by the presence of police in the park over the past months and the decision taken by many officer workers to stay at home.
“We are 30 per cent down in customers,” he said. “I started to notice the change last year as soon as there were some police. The regulars are coming less and less.
“It was quiet in January because people were going on holidays but it is now February and is still quiet. I am hopeful that the people will be coming back. I think the business will survive.”
A kebab stall that was operating from a nearby pavement when The National visited late last year was nowhere to be seen.
Rob Kasenski, a cafe manager, said his lunchtime influx of office workers has suffered significantly because of the security threat.
“We used to get a lot of people from Chiswick Park at lunchtime. There has been a reduction of at least 80 per cent because people are very scared about it,” he said as he flipped vegetables on a griddle. “To be honest, we cannot do much about it.”
Eweline Forney, who works at a nearby cafe, said she had also noticed a dip in the number of diners.
“There are about 30 to 50 fewer customers coming each day,” she said. “Lunchtime was usually our busiest time but we are selling less now. We have had to cut our orders.”
Out on the street the presence of a journalist and cameraman was enough to arouse the suspicion of passers-by.
Marco Scarpelli of Kew, who had dropped his son at a nearby nursery, said the colossal police operation should leave people under no illusion about the threat Iran poses to those whom the regime perceives as enemies.
“I feel sorry for the journalists,” he said.
“Why is Iran poking their nose in journalism? Well, I can imagine why.
“It concerns me about the role of Iran in general in the world.”
The EU on Monday imposed sanctions on a further 32 Iranian individuals including government ministers, intelligence officials and politicians as part of the bloc’s latest punitive measures against the regime over its treatment of protesters.
Two organisations and dozens of officials were hit by asset freezes due to their involvement “in serious human rights violations in Iran,” Brussels said in a statement. The individuals have also been subjected to travel bans.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
ETFs explained
Exhchange traded funds are bought and sold like shares, but operate as index-tracking funds, passively following their chosen indices, such as the S&P 500, FTSE 100 and the FTSE All World, plus a vast range of smaller exchanges and commodities, such as gold, silver, copper sugar, coffee and oil.
ETFs have zero upfront fees and annual charges as low as 0.07 per cent a year, which means you get to keep more of your returns, as actively managed funds can charge as much as 1.5 per cent a year.
There are thousands to choose from, with the five biggest providers BlackRock’s iShares range, Vanguard, State Street Global Advisors SPDR ETFs, Deutsche Bank AWM X-trackers and Invesco PowerShares.
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 Settlers
Director: Louis Theroux
Starring: Daniella Weiss, Ari Abramowitz
Rating: 5/5
Bundesliga fixtures
Saturday, May 16 (kick-offs UAE time)
Borussia Dortmund v Schalke (4.30pm)
RB Leipzig v Freiburg (4.30pm)
Hoffenheim v Hertha Berlin (4.30pm)
Fortuna Dusseldorf v Paderborn (4.30pm)
Augsburg v Wolfsburg (4.30pm)
Eintracht Frankfurt v Borussia Monchengladbach (7.30pm)
Sunday, May 17
Cologne v Mainz (4.30pm),
Union Berlin v Bayern Munich (7pm)
Monday, May 18
Werder Bremen v Bayer Leverkusen (9.30pm)
Arabian Gulf Cup FINAL
Al Nasr 2
(Negredo 1, Tozo 50)
Shabab Al Ahli 1
(Jaber 13)
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)
Pathaan
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COMPANY%20PROFILE
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The years Ramadan fell in May
Turkish Ladies
Various artists, Sony Music Turkey
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
Profile of Udrive
Date started: March 2016
Founder: Hasib Khan
Based: Dubai
Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.
Tales of Yusuf Tadros
Adel Esmat (translated by Mandy McClure)
Hoopoe
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
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Key features of new policy
Pupils to learn coding and other vocational skills from Grade 6
Exams to test critical thinking and application of knowledge
A new National Assessment Centre, PARAKH (Performance, Assessment, Review and Analysis for Holistic Development) will form the standard for schools
Schools to implement online system to encouraging transparency and accountability
LOS ANGELES GALAXY 2 MANCHESTER UNITED 5
Galaxy: Dos Santos (79', 88')
United: Rashford (2', 20'), Fellaini (26'), Mkhitaryan (67'), Martial (72')
Non-oil%20trade
%3Cp%3ENon-oil%20trade%20between%20the%20UAE%20and%20Japan%20grew%20by%2034%20per%20cent%20over%20the%20past%20two%20years%2C%20according%20to%20data%20from%20the%20Federal%20Competitiveness%20and%20Statistics%20Centre.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIn%2010%20years%2C%20it%20has%20reached%20a%20total%20of%20Dh524.4%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3ECars%20topped%20the%20list%20of%20the%20top%20five%20commodities%20re-exported%20to%20Japan%20in%202022%2C%20with%20a%20value%20of%20Dh1.3%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3EJewellery%20and%20ornaments%20amounted%20to%20Dh150%20million%20while%20precious%20metal%20scraps%20amounted%20to%20Dh105%20million.%C2%A0%3C%2Fp%3E%0A%3Cp%3ERaw%20aluminium%20was%20ranked%20first%20among%20the%20top%20five%20commodities%20exported%20to%20Japan.%C2%A0%3C%2Fp%3E%0A%3Cp%3ETop%20of%20the%20list%20of%20commodities%20imported%20from%20Japan%20in%202022%20was%20cars%2C%20with%20a%20value%20of%20Dh20.08%20billion.%3C%2Fp%3E%0A
'Cheb%20Khaled'
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UK%20record%20temperature
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Company%20Profile
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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
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.