President Joe Biden tours a neighborhood impacted by Hurricane Ida, on September 3, 2021, in LaPlace, Louisiana. AP
President Joe Biden tours a neighborhood impacted by Hurricane Ida, on September 3, 2021, in LaPlace, Louisiana. AP
President Joe Biden tours a neighborhood impacted by Hurricane Ida, on September 3, 2021, in LaPlace, Louisiana. AP
President Joe Biden tours a neighborhood impacted by Hurricane Ida, on September 3, 2021, in LaPlace, Louisiana. AP

'We're in this together,' Biden says as US reels from Ida destruction


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President Joe Biden arrived in New Orleans on Friday at the start of a visit to the US state of Louisiana to survey the damage caused to the region by Ida, the storm that left more than one million homes without power and killed at least 55 people.

“We’re in this together,” Mr Biden said in LaPlace, Louisiana, to the west of New Orleans.

“I promise we’re going to have your backs.”

The US president walked the streets of a hard hit neighbourhood and told local residents, “I know you’re hurting, I know you’re hurting.”

Ida was classified as a Category 4 hurricane when it smashed into the southern state on Sunday, but has since weakened to a post tropical depression that has unleashed record-setting rainfall along much of the East Coast.

Much of Louisiana lay under vast expanses of brown water on Friday but the state has seen some small signs of progress, with power returned to a sliver of New Orleans and crews clearing fallen trees and debris from roads.

Mr Biden pledged robust federal assistance to get people back on their feet and said the government had already distributed $100 million directly to state residents in the form of $500 cheques. Many people, he said, don’t know what help is available because they don't currently have mobile phone service.

Hundreds of thousands of homes and businesses are still without power, but utility officials said most of the city should have power back sometime next week.

Mr Biden sympathised with those who are still without power and said the federal government will supply generators to provide electricity.

“I know you've got to be frustrated about the restoration of power,” Mr Biden said, and added the government was working “24/7" with electric companies. Officials have also been working to provide food and water, he said.

At least nine deaths were reported in Louisiana, but Ida caused far more fatalities in the north.

Mr Biden's visit comes days after the storm's remnants struck the US north-east and mid-Atlantic regions, which suffered “historic” flooding and devastating tornadoes.

“This storm has been incredible, not only here but all over the East Coast,” Mr Biden said during a meeting with officials in Louisiana.

  • Cars sit abandoned on the flooded Major Deegan Expressway in the Bronx following a night of heavy wind and rain from the remnants of Hurricane Ida on September 2, 2021 in New York City. AFP
    Cars sit abandoned on the flooded Major Deegan Expressway in the Bronx following a night of heavy wind and rain from the remnants of Hurricane Ida on September 2, 2021 in New York City. AFP
  • Cars sit abandoned on the flooded Major Deegan Expressway in the Bronx following a night of heavy wind and rain from the remnants of Hurricane Ida on September 2, 2021 in New York City. AFP
    Cars sit abandoned on the flooded Major Deegan Expressway in the Bronx following a night of heavy wind and rain from the remnants of Hurricane Ida on September 2, 2021 in New York City. AFP
  • People visit the flooded Bethesda Fountain in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
    People visit the flooded Bethesda Fountain in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
  • A flooded Valero gas station is seen on South Street on September 2, 2021 in Newark, New Jersey as Governor Phil Murphy declared a state of emergency due to Tropical Storm Ida which caused flooding and power outages throughout the state. AFP
    A flooded Valero gas station is seen on South Street on September 2, 2021 in Newark, New Jersey as Governor Phil Murphy declared a state of emergency due to Tropical Storm Ida which caused flooding and power outages throughout the state. AFP
  • United States Geological Survey workers push a boat as they look for residents on a street flooded as a result of the remnants of Hurricane Ida in Somerville, New Jersey on September 2, 2021. AP
    United States Geological Survey workers push a boat as they look for residents on a street flooded as a result of the remnants of Hurricane Ida in Somerville, New Jersey on September 2, 2021. AP
  • Cars are left stranded in flood water under a bridge after the remnants of Hurricane Ida produced heavy rain and caused widespread flooding in New York City, New York, on September 2, 2021. EPA
    Cars are left stranded in flood water under a bridge after the remnants of Hurricane Ida produced heavy rain and caused widespread flooding in New York City, New York, on September 2, 2021. EPA
  • A person takes a photo of flooded benches near Bow Bridge in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
    A person takes a photo of flooded benches near Bow Bridge in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
  • A seating area is flooded near Bow Bridge in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
    A seating area is flooded near Bow Bridge in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
  • Tiger Lily Koch, 10, plays with her brother, Adrien Koch at a flooded playground after the remnants of Tropical Storm Ida brought drenching rain and the threat of flash floods and tornadoes to parts of the northern mid-Atlantic, in the Brooklyn borough of New York City, on September 2, 2021. Reuters
    Tiger Lily Koch, 10, plays with her brother, Adrien Koch at a flooded playground after the remnants of Tropical Storm Ida brought drenching rain and the threat of flash floods and tornadoes to parts of the northern mid-Atlantic, in the Brooklyn borough of New York City, on September 2, 2021. Reuters
  • People do yoga near the flooded Bethesda Fountain in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
    People do yoga near the flooded Bethesda Fountain in Central Park after a night of extremely heavy rain caused by Hurricane Ida on September 2, 2021, in New York City. AFP
  • Water is pumped out of the basement of a home on Clifford Street on September 2, 2021 in Newark, New Jersey. AFP
    Water is pumped out of the basement of a home on Clifford Street on September 2, 2021 in Newark, New Jersey. AFP
  • A person cleans the porch of their house after a night of high winds and rain from the remnants of Hurricane Ida on September 2, 2021 in Mamaroneck, New York. AFP
    A person cleans the porch of their house after a night of high winds and rain from the remnants of Hurricane Ida on September 2, 2021 in Mamaroneck, New York. AFP
  • Floodwater covers South Street on September 2, 2021 in Newark, New Jersey. AFP
    Floodwater covers South Street on September 2, 2021 in Newark, New Jersey. AFP
  • Roads are covered in floodwaters caused by the remnants of Tropical Storm Ida which brought drenching rain, flash floods and tornadoes to parts of the northeast in Bridgeport, Pennsylvania, on September 2, 2021. Reuters
    Roads are covered in floodwaters caused by the remnants of Tropical Storm Ida which brought drenching rain, flash floods and tornadoes to parts of the northeast in Bridgeport, Pennsylvania, on September 2, 2021. Reuters
  • People gather to look at floodwater that continues to rise over the submerged Vine Street Expressway, Interstate 676, following a huge storm caused by the remnants of Hurricane Ida on September 2, 2021 in Philadelphia, Pennsylvania. AFP
    People gather to look at floodwater that continues to rise over the submerged Vine Street Expressway, Interstate 676, following a huge storm caused by the remnants of Hurricane Ida on September 2, 2021 in Philadelphia, Pennsylvania. AFP
  • Roads are covered in floodwaters caused by the remnants of Tropical Storm Ida which brought drenching rain, flash floods and tornadoes to parts of the northeast in New Brunswick, New Jersey, on September 2, 2021. Reuters
    Roads are covered in floodwaters caused by the remnants of Tropical Storm Ida which brought drenching rain, flash floods and tornadoes to parts of the northeast in New Brunswick, New Jersey, on September 2, 2021. Reuters

New York City Mayor Bill de Blasio said weather projections had failed to predict such a cataclysmic downpour.

“We’re getting from the very best experts projections that then are made a mockery of in a matter of minutes,” he said. “That turned into the biggest single hour of rainfall in New York City history with almost no warning.”

Catastrophic flooding has left at least 46 dead in five north-eastern and mid-Atlantic states, Reuters reported on Friday.

By midday Friday, the region was still trying to return to normal following the storm.

Ida’s hit on the north-east and mid-Atlantic is likely to have pushed the storm’s overall economic losses and damages into the $50-$60 billion range, disaster modeller Chuck Watson said.

Several US states have declared states of emergency.

In a televised address on Thursday, Mr Biden pledged robust help for the north-east and Gulf Coast regions, saying extreme events like Ida are a reminder that the climate crisis is real.

“These extreme storms, and the climate crisis, are here,” Mr Biden said. “We must be better prepared. We need to act.”

The president added he would order the use of military drones and satellites to speed up the “complicated and really dangerous” repair work.

He also ordered the use of America’s critical petroleum reserve in case of the disruption of oil supplies, with the Energy Department announcing on Thursday that it will release 1.5 million barrels of petroleum from the nation's emergency stockpile.

At least 15 people have died in New York City, including 11 who were trapped in basements, the New York City Police Department said.

Floodwaters and a falling tree also took lives in Maryland, Pennsylvania and Connecticut. Four died in Pennsylvania and a state trooper death was reported in Connecticut.

Another person died in Maryland.

At least 25 others were killed in New Jersey, The Associated Press reported.

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

SQUADS

UAE
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

Nepal
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

Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.

The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

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

Updated: September 03, 2021, 10:32 PM