• 'There will come a day when Donald Trump is gone, but your dishonour will remain.' Congresswoman and January 6 committee vice chairwoman Liz Cheney to Republican colleagues who have defended Mr Trump's claims of election fraud. AFP
    'There will come a day when Donald Trump is gone, but your dishonour will remain.' Congresswoman and January 6 committee vice chairwoman Liz Cheney to Republican colleagues who have defended Mr Trump's claims of election fraud. AFP
  • 'January 6 was the culmination of an attempted coup - a brazen attempt, as one rioter put it shortly after January 6 - to overthrow the government.' Committee chairman Bennie Thompson. EPA
    'January 6 was the culmination of an attempted coup - a brazen attempt, as one rioter put it shortly after January 6 - to overthrow the government.' Committee chairman Bennie Thompson. EPA
  • Mr Trump 'was willing to sacrifice our republic to prolong his presidency. I can imagine no more dishonourable acts by a president.' Republican Congressman Adam Kinzinger. AFP
    Mr Trump 'was willing to sacrifice our republic to prolong his presidency. I can imagine no more dishonourable acts by a president.' Republican Congressman Adam Kinzinger. AFP
  • Donald Trump had this 'arsenal of allegations. I went through them piece by piece to say, no, they were not true'. Former acting deputy attorney general Richard Donoghue. EPA
    Donald Trump had this 'arsenal of allegations. I went through them piece by piece to say, no, they were not true'. Former acting deputy attorney general Richard Donoghue. EPA
  • 'There were no votes to find.' Georgia Secretary of State Brad Raffensperger after Donald Trump asked him and his deputy, Gabriel Sterling, to 'find 11,780' votes that could flip Georgia in the president's favour. AFP
    'There were no votes to find.' Georgia Secretary of State Brad Raffensperger after Donald Trump asked him and his deputy, Gabriel Sterling, to 'find 11,780' votes that could flip Georgia in the president's favour. AFP
  • Competing against Donald Trump’s lies was like a 'shovel trying to empty the ocean'. Gabriel Sterling, Georgia Secretary of State chief operating officer. AFP
    Competing against Donald Trump’s lies was like a 'shovel trying to empty the ocean'. Gabriel Sterling, Georgia Secretary of State chief operating officer. AFP
  • 'As an American, I was disgusted. It was unpatriotic, it was un-American. We were watching the Capitol building get defaced over a lie.' Cassidy Hutchinson, an aide to then White House chief of staff Mark Meadows, speaking about the insurrection. AFP
    'As an American, I was disgusted. It was unpatriotic, it was un-American. We were watching the Capitol building get defaced over a lie.' Cassidy Hutchinson, an aide to then White House chief of staff Mark Meadows, speaking about the insurrection. AFP
  • 'I told him [Donald Trump] that the stuff his people were shovelling out to the public was bull***t.' Former attorney general William Barr. AP
    'I told him [Donald Trump] that the stuff his people were shovelling out to the public was bull***t.' Former attorney general William Barr. AP
  • 'I respect attorney general Barr. So, I accepted what he was saying.' Ivanka Trump, former White House senior adviser. AP
    'I respect attorney general Barr. So, I accepted what he was saying.' Ivanka Trump, former White House senior adviser. AP
  • 'We fight like hell. And if you don't fight like hell, you're not going to have a country any more.' Donald Trump on January 6, 2021. Reuters
    'We fight like hell. And if you don't fight like hell, you're not going to have a country any more.' Donald Trump on January 6, 2021. Reuters
  • A Confederate battle flag that reads 'Come and Take It' and shows a military-style rifle flies as rioters storm the Capitol on January 6, 2001. Reuters
    A Confederate battle flag that reads 'Come and Take It' and shows a military-style rifle flies as rioters storm the Capitol on January 6, 2001. Reuters
  • A Trump supporter sprays smoke. Reuters
    A Trump supporter sprays smoke. Reuters
  • Police attempt to push the mob back. AFP
    Police attempt to push the mob back. AFP
  • The pro-Trump mob swarms the Capitol as police release tear gas. Reuters
    The pro-Trump mob swarms the Capitol as police release tear gas. Reuters
  • Protesters clash with police. Reuters
    Protesters clash with police. Reuters
  • Pro-Trump protesters storm into the US Capitol. Reuters
    Pro-Trump protesters storm into the US Capitol. Reuters
  • A police flash-bang blast lights up the Capitol. Reuters
    A police flash-bang blast lights up the Capitol. Reuters
  • Before the insurrection, Mr Trump is seen on a screen speaking to supporters during a rally to contest the certification of the 2020 US presidential election results. Reuters
    Before the insurrection, Mr Trump is seen on a screen speaking to supporters during a rally to contest the certification of the 2020 US presidential election results. Reuters
  • People march with those who say they are members of the Proud Boys as they attend a rally in Washington in support of former president Donald Trump. AP
    People march with those who say they are members of the Proud Boys as they attend a rally in Washington in support of former president Donald Trump. AP

January 6 committee orders Donald Trump to testify in November


Patrick deHahn
  • English
  • Arabic

The House of Representatives subcommittee investigating the January 6, 2021, attack on the US Capitol sent a formal subpoena to former president Donald Trump on Friday, ordering him to testify under oath as part of its probe.

“We have assembled overwhelming evidence [ …] that you personally orchestrated and oversaw a multi-part effort to overturn the 2020 presidential election and to obstruct the peaceful transition of power,” the subpoena read.

The panel said Mr Trump has to speak before the panel under oath on November 14 for one or two days, and provide relevant documents 10 days prior.

A law firm representing Mr Trump regarding the subpoena told The Associated Press on Friday: “We understand that, once again, flouting norms and appropriate and customary process, the committee has publicly released a copy of its subpoena.

"As with any similar matter, we will review and analyse it and will respond as appropriate to this unprecedented action.”

The nine-member bipartisan committee unanimously voted last week to subpoena Mr Trump as part of its last public hearing during which it shared its findings on his reported involvement in the deadly Capitol attack.

During the violent insurrection, Trump supporters stormed the seat of the US government to subvert the results of the 2020 presidential election that Joe Biden won. Five people died in connection to the attack.

“We are considering multiple legislative recommendations intended to provide further assurance that no future president could succeed at anything even remotely similar to the unlawful steps you took to overturn the election,” the committee's chairman Bennie Thompson and vice chairwoman Liz Cheney wrote to Mr Trump.

“We recognise that a subpoena to a former president is a significant and historic action. We do not take this action lightly.”

Mr Trump responded to the unprecedented move last week by publicly slamming the panel and its investigation as a “witch hunt” in a letter, while reportedly considering the prospect of meeting the group.

The former president could choose to defy or ignore the subpoena, which may result in contempt of Congress charges.

Steve Bannon, Mr Trump's former strategist, was sentenced to four months in prison and a fine on Friday for refusing to speak with the panel.

Pressing charges involves the approval of the entire House, before a criminal referral is passed on to the US Department of Justice. The agency may not take up a such referral as it has not charged Mr Trump's former chief of staff Mark Meadows for contempt.

The committee is on a tight deadline as the panel is expected to dissolve at the beginning of 2023 when the new Congress is introduced following the November midterm elections, and the House is expected to then be in Republican control.

The committee members plan to issue a report after having "interviewed more than a thousand witnesses [and] reviewed over a million documents" at the end of the year, which may include criminal referrals to the Justice Department.

  • Mr Fanone, Mr Hodges, US Capitol Police Sergeant Aquilino Gonell, and Mr Dunn listen to witness testimony and evidence presented by the January 6 committee. Getty Images / AFP
    Mr Fanone, Mr Hodges, US Capitol Police Sergeant Aquilino Gonell, and Mr Dunn listen to witness testimony and evidence presented by the January 6 committee. Getty Images / AFP
  • US Capitol Police Officer Harry Dunn had been on the force for 15 years when the January 6 attack took place. EPA
    US Capitol Police Officer Harry Dunn had been on the force for 15 years when the January 6 attack took place. EPA
  • A video of Roger Stone, former adviser to Donald Trump's presidential campaign, is played on a screen during the latest hearings. Getty
    A video of Roger Stone, former adviser to Donald Trump's presidential campaign, is played on a screen during the latest hearings. Getty
  • Indicted on charges of lying to Congress about what he and then-candidate Mr Trump knew about Russian efforts to discredit Hillary Clinton in the 2016 presidential campaign, witness tampering and obstruction, Stone had a 40-month prison sentence commuted by the former president. Getty
    Indicted on charges of lying to Congress about what he and then-candidate Mr Trump knew about Russian efforts to discredit Hillary Clinton in the 2016 presidential campaign, witness tampering and obstruction, Stone had a 40-month prison sentence commuted by the former president. Getty
  • In an audio recording, former US president Donald Trump asks Brad Raffensperger, Georgia's secretary of state, to find votes to tip the state in his favour. Bloomberg
    In an audio recording, former US president Donald Trump asks Brad Raffensperger, Georgia's secretary of state, to find votes to tip the state in his favour. Bloomberg
  • Text excerpts from a Tom Fitton email to Molly Michael and Dan Scavino are displayed during the hearing. Reuters
    Text excerpts from a Tom Fitton email to Molly Michael and Dan Scavino are displayed during the hearing. Reuters
  • Former Metropolitan Police Officer Michael Fanone has been present for all nine of the January 6 hearings. EPA
    Former Metropolitan Police Officer Michael Fanone has been present for all nine of the January 6 hearings. EPA
  • House Speaker Nancy Pelosi called the pardoning of Roger Stone, 'an act of staggering corruption'. Reuters
    House Speaker Nancy Pelosi called the pardoning of Roger Stone, 'an act of staggering corruption'. Reuters
  • Committee member Congressman Adam Schiff represents the state of California. Reuters
    Committee member Congressman Adam Schiff represents the state of California. Reuters
  • Metropolitan Police Officer Daniel Hodges was crushed by a pro-Trump mob in a tunnel leading to the US Capitol on January 6. EPA
    Metropolitan Police Officer Daniel Hodges was crushed by a pro-Trump mob in a tunnel leading to the US Capitol on January 6. EPA
  • The Committee plays a video of Mr Trump declaring that he won the presidential election. EPA
    The Committee plays a video of Mr Trump declaring that he won the presidential election. EPA
  • Mr Trump has to date never conceded that he lost the 2020 presidential election. AFP
    Mr Trump has to date never conceded that he lost the 2020 presidential election. AFP
  • Committee chairman Bennie Thompson presides during the public hearing. Reuters
    Committee chairman Bennie Thompson presides during the public hearing. Reuters
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MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

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.

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Directed by Sam Mendes

Starring Dean-Charles Chapman, George MacKay, Daniel Mays

4.5/5

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

The%20Genius%20of%20Their%20Age
%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A
'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

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

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
The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

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.”

Classification of skills

A worker is categorised as skilled by the MOHRE based on nine levels given in the International Standard Classification of Occupations (ISCO) issued by the International Labour Organisation. 

A skilled worker would be someone at a professional level (levels 1 – 5) which includes managers, professionals, technicians and associate professionals, clerical support workers, and service and sales workers.

The worker must also have an attested educational certificate higher than secondary or an equivalent certification, and earn a monthly salary of at least Dh4,000. 

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Updated: October 21, 2022, 9:22 PM