The UN's 193-nation General Assembly appointed Antonio Guterres on Friday to head the world body for a second five-year term.
The secretary general said he would work for a “greener, safer and better future” in his next term, which begins on January 1, 2022.
Mr Guterres has been praised for navigating the UN through the difficulties of the Donald Trump presidency – when relations were often strained– while weathering deepening US-China tension and the Covid-19 pandemic.
But critics say he is too lenient on human rights abusers.
“The pandemic has revealed our shared vulnerability, our interconnectedness and the absolute need for collective action,” Mr Guterres said.
“We need to do everything we can to overcome current geostrategic divides and dysfunctional power relations.”
Mr Guterres took office in January 2017, having previously served as Portugal’s prime minister from 1995 to 2002, and head of the UN refugee agency from 2005 to 2015.
As the world’s top diplomat, he has pushed for climate action, coronavirus vaccines for all and action in the fight against poverty.
“Equity needs to start now. Vaccines need to be available for everyone, everywhere, and we must create the conditions for sustainable and inclusive recovery both in the developed and developing world,” he said.
Mr Guterres began his first term only weeks before Donald Trump became US president, leading with a go-it-alone attitude and a disdain for multilateralism.
The US is the top UN financial backer, covering 22 per cent of its budget and around a quarter for its blue helmet operations.
US President Joe Biden has worked to revive multilateralism and has reversed some funding cuts to UN agencies made in Trump era.
US Secretary of State Antony Blinken on Friday called Mr Guterres a "capable leader in a demanding role".
"The UN is an indispensable anchor of the multilateral system," said Mr Blinken.
"It provides a vital framework through which member states work together to meet such unprecedented challenges as the Covid-19 pandemic, climate change, human rights, development, migration, and humanitarian crises."
But under the watch of Mr Guterres, the conflicts and humanitarian crises in Yemen and Syria have dragged on without resolution, while new emergencies have erupted in Myanmar and Ethiopia's northern Tigray region.
Louis Charbonneau, UN director for the campaign group Human Rights Watch, said that in his second and final term Mr Guterres could start "calling out" human rights abuses by powerful countries.
"Guterres's legacy will depend on his willingness to speak out for all the oppressed, wherever they are," he said.
Seven people nominated themselves as challengers to Mr Guterres, including former Ecuadoran president Rosalia Arteaga, but none of them had the necessary backing of a UN member state. Mr Guterres was the candidate for his native Portugal.
Despite reforms, the selection process for UN chiefs remains opaque and is micromanaged by the US, China and other big powers.
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 biog
Age: 30
Position: Senior lab superintendent at Emirates Global Aluminium
Education: Bachelor of science in chemical engineering, post graduate degree in light metal reduction technology
Favourite part of job: The challenge, because it is challenging
Favourite quote: “Be the change you wish to see in the world,” Gandi
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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
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UAE squad to face Ireland
Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind
SPECS
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The specs: 2018 Jaguar E-Pace First Edition
Price, base / as tested: Dh186,480 / Dh252,735
Engine: 2.0-litre four-cylinder
Power: 246hp @ 5,500rpm
Torque: 365Nm @ 1,200rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.7L / 100km
MATCH INFO
Tottenham Hotspur 3 (Son 1', Kane 8' & 16') West Ham United 3 (Balbuena 82', Sanchez og 85', Lanzini 90' 4)
Man of the match Harry Kane
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Vitoria Guimaraes 1-1 Arsenal (Nov 6, Europa)
Leicester 2-0 Arsenal (Nov 9, PL)
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5