US Attorney General Merrick Garland has appointed two special counsels for major investigations the Justice Department is conducting into President Joe Biden and former president Donald Trump.
He tapped Richard Hur to look into Mr Biden's handling of classified documents from his time as vice president in January, after assigning Jack Smith to oversee the department's investigations into Mr Trump in November last year.
An attorney general has the power to assign a special counsel, who acts as a semi-independent investigator on politically sensitive probes, to avoid the appearance of a conflict of interest.
Under US law, a special counsel can be appointed under “extraordinary circumstances”. Historically they have been appointed sparingly, but their employment has become a more consistent tactic in recent years.
During the Trump administration, former FBI director Robert Mueller investigated whether any Americans were involved with Russian interference in the 2016 presidential election.
The operation resulted in more than 30 indictments and several guilty pleas.
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A redacted FBI photograph of classified documents recovered from a container in former president Donald Trump's estate at Mar-a-Lago in Palm Beach, Florida. Reuters -

The FBI searched Mr Trump's home over what it said were 'likely' efforts to conceal classified files. AFP -

The Mar-a-Lago property was raided by agents on August 8. Reuters -

Pages from a Department of Justice court filing in response to a request from Mr Trump's legal team for a 'special master' to review the documents seized. AP -

Journalists read a heavily redacted court document relating to the FBI search. AP -

The former president condemned the raid as 'the weaponisation of the justice system'. AP -

Pages from a Department of Justice court filing, in response to a request from Mr Trump's legal team. AP -

Mr Trump had faced accusations of deleting private communications during investigations into his alleged role in the storming of the Capitol building on January 6 by his supporters. Reuters -

Mr Trump departs Trump Tower for a deposition two days after the FBI agents raided his Mar-a-Lago home. Reuters -

Pages of entirely redacted information in the released version of an affidavit from the US Justice Department that was submitted to a judge to support the execution of the FBI search warrant. Reuters -

Mr Trump was also accused of taking a trove of classified documents from the White House, leading to speculation that those missing documents could have been the focus of the raid. Reuters -

Mr Trump set up his Save America political action committee days after losing the 2020 election to Joe Biden. EPA -

A Trump supporter outside the Paul S Rogers Federal Building and US Courthouse in West Palm Beach, Florida. AP -

Mr Trump reportedly had more than 300 classified documents at Mar-a-Lago. AP -

US Attorney General Merrick Garland speaks about the FBI's search warrant. Reuters
Other uses of the special counsel include former president Richard Nixon's Watergate scandal in the 1970s, which eventually led to his resignation from office.
A special counsel was also used during the Iran-Contra affair, which occurred under former president Ronald Reagan, as well as during investigations into Bill Clinton's personal involvement in state-level real estate investments.
Per Justice Department rules, a special counsel must come from outside the government to maintain as much impartiality as possible.
Watergate scandal turns 50 — in pictures
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Former US president Richard Nixon points to transcripts of tapes after he announced during a televised speech that he would turn them over to House of Representatives impeachment investigators during the Watergate scandal. AP -

John Ehrlichman, a key figure in the Watergate scandal, was convicted of conspiracy and perjury and served 18 months in prison. AP -

FBI official Mark Felt was the 'Washington Post' informant that helped them break the Watergate story. AP -

Nixon tells a group of Republican campaign contributors that he will get to the bottom of the Watergate scandal during a speech on May 9, 1973, in Washington. AP -

The Senate Watergate Committee hearings on Capitol Hill in Washington took place in 1973. AP -

HR Haldeman, former top Nixon aide, speaks before the Senate Watergate Committee in Washington on July 31, 1973. AP -

Named in the Watergate scandal, from left to right, are G Gordon Liddy, White House counsel John W Dean III, former attorney general John Mitchell, and former Nixon deputy campaign manager Jeb Stuart Magruder. AP -

Howard Baker, vice chairman of the Senate Watergate Investigating Committee, questions James McCord during a hearing in Washington, on May 18, 1973. AP -

Nixon says goodbye with a victorious salute to his staff members outside the White House as he boards a helicopter after resigning the presidency on August 9, 1974. AP -

The traumas of Watergate and January 6 are a half century apart, in vastly different eras, and they were about different things. AP -

Nixon gives a speech at the White House following his resignation from the presidency after the Watergate scandal. Consolidated News Pictures / AFP -

Parking space D32 in the garage underneath the Oakhill Office Building, where 'Washington Post' reporter Bob Woodward would meet his source known as 'Deep Throat' to exchange notes about the Watergate scandal, in Rosslyn, Virginia. Getty Images / AFP -

Evidence from the Watergate break-in at the Democratic National Committee headquarters in Washington. AFP -

The Watergate buildings feature office suites, a hotel and single-family residences. Getty Images / AFP -

Woodward was a cub reporter when he and veteran 'Washington Post' reporter Carl Bernstein broke the Watergate story. AFP -

A break-in by five men looking to install microphones at the Watergate and take pictures of documents to find compromising information on Nixon's opponents led to the president's downfall. AFP -

Former 'Washington Post’s' executive editor Ben Bradlee and publisher Katharine Graham seen leaving the US district court in Washington. AP -

Nixon met football star Pele in 1973 as rumblings of the Watergate scandal were beginning to surface. Photo: US National Archives -

A wanted poster features key people involved in the Watergate scandal at the National Portrait Gallery in Washington. EPA -

The exhibition presents illustrations from the 50th anniversary of the Watergate scandal. EPA -

A photograph of Mark Felt and 'Time' magazine cover artwork called 'Nixon's Palace Guard' are part of the display. EPA -

Pulitzer Prize-winning journalist Carl Bernstein eulogises his former boss and 'Washington Post' executive editor Ben Bradlee at the National Cathedral in Washington. Getty Images / AFP -

A caricature which appeared on the cover of 'Time' magazine in April 1973. EPA -

The luxurious Watergate complex in Washington where the Democratic National Committee had its offices in 1973. AP -

The exterior of the modern Watergate Hotel in Washington. Photo: Ron Blunt -

The location of the clandestine meetings between Woodward and Mark Felt in 1972 and 1973 were kept secret until Felt came forward and revealed himself to be Deep Throat in 2005. Getty Images / AFP -

A historical marker stands outside the parking garage underneath the Oakhill Office Building in Rosslyn, Virginia. Getty Images / AFP -

Ben Bradlee, actor Dustin Hoffman and Harry Rosenfeld talk at the premiere of 'All the President's Men' at the Kennedy Centre in Washington. The Washington Post / AP
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
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.”
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)
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
The specs: 2018 Kia Picanto
Price: From Dh39,500
Engine: 1.2L inline four-cylinder
Transmission: Four-speed auto
Power: 86hp @ 6,000rpm
Torque: 122Nm @ 4,000rpm
Fuel economy, combined: 6.0L / 100km
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
Key fixtures from January 5-7
Watford v Bristol City
Liverpool v Everton
Brighton v Crystal Palace
Bournemouth v AFC Fylde or Wigan
Coventry v Stoke City
Nottingham Forest v Arsenal
Manchester United v Derby
Forest Green or Exeter v West Brom
Tottenham v AFC Wimbledon
Fleetwood or Hereford v Leicester City
Manchester City v Burnley
Shrewsbury v West Ham United
Wolves v Swansea City
Newcastle United v Luton Town
Fulham v Southampton
Norwich City v Chelsea
More from Neighbourhood Watch:
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)
The biog
Full name: Aisha Abdulqader Saeed
Age: 34
Emirate: Dubai
Favourite quote: "No one has ever become poor by giving"
Dengue%20fever%20symptoms
The%20specs
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
War on waste
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
AIDA%20RETURNS
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Company Profile
Founder: Omar Onsi
Launched: 2018
Employees: 35
Financing stage: Seed round ($12 million)
Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

