US President Joe Biden meets families of Russian detainees in the Oval Office of the White House. Bloomberg
US President Joe Biden meets families of Russian detainees in the Oval Office of the White House. Bloomberg
US President Joe Biden meets families of Russian detainees in the Oval Office of the White House. Bloomberg
US President Joe Biden meets families of Russian detainees in the Oval Office of the White House. Bloomberg

Biden meets families of Brittney Griner and Paul Whelan at White House


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US President Joe Biden on Friday is meeting family members of WNBA star Brittney Griner and another American detained in Russia, Paul Whelan.

The meetings at the White House are the first face-to-face encounter between the president and the relatives of Griner and Mr Whelan. The meetings, held in the Oval Office, began shortly before 5pm, the White House said.

Administration officials said the sessions are meant to underscore Mr Biden's commitment to bringing home Americans held overseas and to establish a personal connection, but are not an indication that negotiations with Russia for their release have reached a breakthrough.

  • Elizabeth Whelan holds a picture of her brother, Paul, who is currently jailed in Russia. All photos: Willy Lowry / The National
    Elizabeth Whelan holds a picture of her brother, Paul, who is currently jailed in Russia. All photos: Willy Lowry / The National
  • Family members of Iranian-American businessman Emad Shargi, who has been detained in Iran since April 2018, speak in front of the White House.
    Family members of Iranian-American businessman Emad Shargi, who has been detained in Iran since April 2018, speak in front of the White House.
  • Ariana Shargi, daughter of Emad Shargi, poses for a photo in front of the White House.
    Ariana Shargi, daughter of Emad Shargi, poses for a photo in front of the White House.
  • Trevor Reed's father, Joey, and his sister, Taylor, speak to reporters in front of the White House.
    Trevor Reed's father, Joey, and his sister, Taylor, speak to reporters in front of the White House.
  • Carine Kanimba's father, Paul Rusesabagina, a US permanent resident, has been jailed in Rwanda.
    Carine Kanimba's father, Paul Rusesabagina, a US permanent resident, has been jailed in Rwanda.
  • Joey and Taylor Reed speak to reporters about Trevor Reed's release from a Russian prison.
    Joey and Taylor Reed speak to reporters about Trevor Reed's release from a Russian prison.
  • Teymoor and Tara Tahbaz display photos of their father, Morad, who is currently being held in Iran.
    Teymoor and Tara Tahbaz display photos of their father, Morad, who is currently being held in Iran.
  • A sign hangs at a rally for the families of Americans wrongfully detained abroad.
    A sign hangs at a rally for the families of Americans wrongfully detained abroad.
  • Bahareh Shargi, whose husband, Emad, is currently being held in Iran, speaks to reporters.
    Bahareh Shargi, whose husband, Emad, is currently being held in Iran, speaks to reporters.
  • The families of Americans illegally detained abroad gather in front of the White House.
    The families of Americans illegally detained abroad gather in front of the White House.

John Kirby, a spokesman for the National Security Council, said on Friday that Russia has not responded to what administration officials have called a substantial and serious offer to secure the two detainees' release.

“The president is not going to let up,” Mr Kirby told reporters on Friday before the president's meetings with the families.

“He's confident that this is going to remain in the forefront of his mind and his team's mind, and they're going to continue to work as hard as they can.”

Griner has been held in Russia since February on drug-related charges. She was sentenced last month to nine years in prison after pleading guilty and has appealed the punishment.

Mr Whelan is serving a 16-year sentence on espionage-related charges that he and his family say are false. The US government regards both as wrongfully detained, placing their cases with the office of its top hostage negotiator.

Secretary of State Antony Blinken took the unusual step of announcing two months ago that the administration had made a substantial proposal to Russia. ]

Though he did not elaborate on the proposal, a person familiar with the matter said the US has offered to release convicted Russian arms dealer Viktor Bout.

  • Phoenix Mercury centre Brittney Griner during the first half of Game 2 of the WNBA Finals against the Chicago Sky. AP
    Phoenix Mercury centre Brittney Griner during the first half of Game 2 of the WNBA Finals against the Chicago Sky. AP
  • Griner, a two-time Olympic gold medallist and WNBA champion, was detained at Moscow airport in February on charges of carrying in her luggage vape cartridges with cannabis oil. AFP
    Griner, a two-time Olympic gold medallist and WNBA champion, was detained at Moscow airport in February on charges of carrying in her luggage vape cartridges with cannabis oil. AFP
  • Griner leaving a courtroom after a hearing in May. The Phoenix Mercury star, considered in some polls to be the US’s most gifted female athlete, could face 10 years in prison if convicted on charges of large-scale transportation of drugs. AP
    Griner leaving a courtroom after a hearing in May. The Phoenix Mercury star, considered in some polls to be the US’s most gifted female athlete, could face 10 years in prison if convicted on charges of large-scale transportation of drugs. AP
  • Griner asked US President Joe Biden to free her from a Russian prison in a handwritten letter on July 4, 2022, portions of which were made public by her family. AFP
    Griner asked US President Joe Biden to free her from a Russian prison in a handwritten letter on July 4, 2022, portions of which were made public by her family. AFP
  • Grineris escorted before a court hearing in Khimki outside Moscow, Russia on July 1, 2022. Reuters
    Grineris escorted before a court hearing in Khimki outside Moscow, Russia on July 1, 2022. Reuters
  • The US stepped up its push in March for consular access to Griner, who is detained in Russia on allegations of drug smuggling. AP
    The US stepped up its push in March for consular access to Griner, who is detained in Russia on allegations of drug smuggling. AP
  • Griner at the White House alongside teammates. Photo: US National Archives
    Griner at the White House alongside teammates. Photo: US National Archives
  • Brittney Griner of the Phoenix Mercury celebrates with fans. Getty Images North America / AFP
    Brittney Griner of the Phoenix Mercury celebrates with fans. Getty Images North America / AFP
  • A man holds a sign for Brittney Griner Home during the first half of the WNBA game between the Chicago Sky and Phoenix Mercury at Wintrust Arena in Chicago, Illinois. EPA
    A man holds a sign for Brittney Griner Home during the first half of the WNBA game between the Chicago Sky and Phoenix Mercury at Wintrust Arena in Chicago, Illinois. EPA
  • Griner, a player of the WNBA's Phoenix Mercury team was arrested in February at Moscow's Sheremetyevo Airport after some hash oil was detected and found in her luggage, for which she now could face a prison sentence of up to ten years. EPA
    Griner, a player of the WNBA's Phoenix Mercury team was arrested in February at Moscow's Sheremetyevo Airport after some hash oil was detected and found in her luggage, for which she now could face a prison sentence of up to ten years. EPA
  • Fans hold signs Griner during the first half of the WNBA game between the Chicago Sky and Phoenix Mercury at Wintrust Arena in Chicago, Illinois. EPA
    Fans hold signs Griner during the first half of the WNBA game between the Chicago Sky and Phoenix Mercury at Wintrust Arena in Chicago, Illinois. EPA
  • A sign for Griner is displayed during a game between Portland Thorns FC and Angel City FC at Banc of California Stadium in Los Angeles, California. Getty Images / AFP
    A sign for Griner is displayed during a game between Portland Thorns FC and Angel City FC at Banc of California Stadium in Los Angeles, California. Getty Images / AFP
  • The Khimki City Court reportedly had extended Greiner's detention for the duration of her trial on charges of drug smuggling that started on 01 July. EPA
    The Khimki City Court reportedly had extended Greiner's detention for the duration of her trial on charges of drug smuggling that started on 01 July. EPA
  • Griner gestures during a game against Australia at Saitama Super Arena in their Tokyo 2020 Olympic women's basketball quarterfinal game in Saitama, Japan August 4, 2021. Reuters
    Griner gestures during a game against Australia at Saitama Super Arena in their Tokyo 2020 Olympic women's basketball quarterfinal game in Saitama, Japan August 4, 2021. Reuters
  • Dallas Wings' Marina Mabrey wears shoes that have a "BG" logo on them, a reference to Brittney Griner, during the second half of the team's WNBA basketball game against the Indiana Fever, Thursday, June 23, 2022, in Arlington, Texas. AP
    Dallas Wings' Marina Mabrey wears shoes that have a "BG" logo on them, a reference to Brittney Griner, during the second half of the team's WNBA basketball game against the Indiana Fever, Thursday, June 23, 2022, in Arlington, Texas. AP
  • "We Are BG 42" is displayed on the exterior of Footprint Center before the WNBA game between the Phoenix Mercury and the Minnesota Lynx on June 21, 2022 in Phoenix, Arizona. Getty Images / AFP
    "We Are BG 42" is displayed on the exterior of Footprint Center before the WNBA game between the Phoenix Mercury and the Minnesota Lynx on June 21, 2022 in Phoenix, Arizona. Getty Images / AFP
  • Minnesota Lynx's Aerial Powers wears a shirt in support of Griner during introductions for the team's WNBA basketball game against the Seattle Storm. Star Tribune / AP
    Minnesota Lynx's Aerial Powers wears a shirt in support of Griner during introductions for the team's WNBA basketball game against the Seattle Storm. Star Tribune / AP
  • Griner poses with her gold medal in Women's Basketball at the Tokyo 2020 Summer Olympics at the Saitama Super Arena in Saitama, Japan, August 8, 2021. Reuters
    Griner poses with her gold medal in Women's Basketball at the Tokyo 2020 Summer Olympics at the Saitama Super Arena in Saitama, Japan, August 8, 2021. Reuters
  • Brittney Griner with teammates Diana Taurasi and Skylar Diggins posing for pictures with their gold medals on the podium during the medal ceremony for the women's basketball competition of the Tokyo 2020 Olympic Games. AFP
    Brittney Griner with teammates Diana Taurasi and Skylar Diggins posing for pictures with their gold medals on the podium during the medal ceremony for the women's basketball competition of the Tokyo 2020 Olympic Games. AFP

The administration carried out a prisoner swap last April, with Moscow releasing veteran Trevor Reed in exchange for the US releasing a Russian pilot, Konstantin Yaroshenko, convicted in a drug trafficking conspiracy.

Jake Sullivan, the president's national security adviser, is participating in both meetings.

Mr Biden is sitting down with Elizabeth Whelan, the sister of Paul Whelan, and in a separate session, the president is meeting Cherelle Griner, the wife of Brittney Griner, as well as the player's agent, Lindsay Colas, the White House said.

THE%20FLASH
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Andy%20Muschietti%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Sasha%20Calle%2C%20Ben%20Affleck%2C%20Ezra%20Miller%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Types of bank fraud

1) Phishing

Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

2) Smishing

The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

3) Vishing

The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

4) SIM swap

Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

5) Identity theft

Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

6) Prize scams

Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

Islamic%20Architecture%3A%20A%20World%20History
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Eric%20Broug%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Thames%20%26amp%3B%20Hudson%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20336%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20September%3C%2Fp%3E%0A
The specs

Engine: 6.2-litre supercharged V8

Power: 712hp at 6,100rpm

Torque: 881Nm at 4,800rpm

Transmission: 8-speed auto

Fuel consumption: 19.6 l/100km

Price: Dh380,000

On sale: now 

POWERWASH%20SIMULATOR
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20FuturLab%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3ESquare%20Enix%20Collective%3Cbr%3E%3Cstrong%3EConsole%3A%20%3C%2Fstrong%3ENintendo%20Switch%2C%3Cstrong%3E%20%3C%2Fstrong%3EPlayStation%204%20%26amp%3B%205%2C%20Xbox%20Series%20X%2FS%20and%20PC%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
'Moonshot'

Director: Chris Winterbauer

Stars: Lana Condor and Cole Sprouse 

Rating: 3/5

Going grey? A stylist's advice

If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”

MATCH INFO

What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany

Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)

INVESTMENT PLEDGES

Cartlow: $13.4m

Rabbitmart: $14m

Smileneo: $5.8m

Soum: $4m

imVentures: $100m

Plug and Play: $25m

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

ASHES FIXTURES

1st Test: Brisbane, Nov 23-27 
2nd Test: Adelaide, Dec 2-6
3rd Test: Perth, Dec 14-18
4th Test: Melbourne, Dec 26-30
5th Test: Sydney, Jan 4-8

Fifa%20World%20Cup%20Qatar%202022%20
%3Cp%3E%3Cstrong%3EFirst%20match%3A%20%3C%2Fstrong%3ENovember%2020%0D%3Cbr%3E%3Cstrong%3EFinal%2016%20round%3A%20%3C%2Fstrong%3EDecember%203%20to%206%0D%3Cbr%3E%3Cstrong%3EQuarter-finals%3A%20%3C%2Fstrong%3EDecember%209%20and%2010%0D%3Cbr%3E%3Cstrong%3ESemi-finals%3A%20%3C%2Fstrong%3EDecember%2013%20and%2014%0D%3Cbr%3E%3Cstrong%3EFinal%3A%20%3C%2Fstrong%3EDecember%2018%3C%2Fp%3E%0A

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

SPECS
%3Cp%3E%0D%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.0-litre%20twin-turbo%20V8%0D%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20750hp%20at%207%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20800Nm%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%3C%2Fstrong%3E%207%20Speed%20dual-clutch%20auto%0D%0D%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20332kph%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%2012.2L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EYear%20end%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh1%2C430%2C000%20(coupe)%3B%20From%20Dh1%2C566%2C000%20(Spider)%3C%2Fp%3E%0A
Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

It’ll be summer in the city as car show tries to move with the times

If 2008 was the year that rocked Detroit, 2019 will be when Motor City gives its annual car extravaganza a revamp that aims to move with the times.

A major change is that this week's North American International Auto Show will be the last to be held in January, after which the event will switch to June.

The new date, organisers said, will allow exhibitors to move vehicles and activities outside the Cobo Center's halls and into other city venues, unencumbered by cold January weather, exemplified this week by snow and ice.

In a market in which trends can easily be outpaced beyond one event, the need to do so was probably exacerbated by the decision of Germany's big three carmakers – BMW, Mercedes-Benz and Audi – to skip the auto show this year.

The show has long allowed car enthusiasts to sit behind the wheel of the latest models at the start of the calendar year but a more fluid car market in an online world has made sales less seasonal.

Similarly, everyday technology seems to be catching up on those whose job it is to get behind microphones and try and tempt the visiting public into making a purchase.

Although sparkly announcers clasp iPads and outline the technical gadgetry hidden beneath bonnets, people's obsession with their own smartphones often appeared to offer a more tempting distraction.

“It's maddening,” said one such worker at Nissan's stand.

The absence of some pizzazz, as well as top marques, was also noted by patrons.

“It looks like there are a few less cars this year,” one annual attendee said of this year's exhibitors.

“I can't help but think it's easier to stay at home than to brave the snow and come here.”

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

The specs

  Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now

COMPANY%20PROFILE%20
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UAE%20Warriors%2033%20Results
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PROFILE OF SWVL

Started: April 2017

Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh

Based: Cairo, Egypt

Sector: transport

Size: 450 employees

Investment: approximately $80 million

Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani

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

Abaya trends

The utilitarian robe held dear by Arab women is undergoing a change that reveals it as an elegant and graceful garment available in a range of colours and fabrics, while retaining its traditional appeal.

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 

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The bio:

Favourite film:

Declan: It was The Commitments but now it’s Bohemian Rhapsody.

Heidi: The Long Kiss Goodnight.

Favourite holiday destination:

Declan: Las Vegas but I also love getting home to Ireland and seeing everyone back home.

Heidi: Australia but my dream destination would be to go to Cuba.

Favourite pastime:

Declan: I love brunching and socializing. Just basically having the craic.

Heidi: Paddleboarding and swimming.

Personal motto:

Declan: Take chances.

Heidi: Live, love, laugh and have no regrets.

 

ITU Abu Dhabi World Triathlon

For more information go to www.abudhabi.triathlon.org.

Updated: September 16, 2022, 10:58 PM