• US President Joe Biden on his arrival at Boston Logan International Airport. AFP
    US President Joe Biden on his arrival at Boston Logan International Airport. AFP
  • Mr Biden is greeted by Ed Markey, a Massachusetts senator, and Boston Mayor Michelle Wu on arrival at Boston Logan International Airport. AFP
    Mr Biden is greeted by Ed Markey, a Massachusetts senator, and Boston Mayor Michelle Wu on arrival at Boston Logan International Airport. AFP
  • Mr Biden meets Britain's Prince William at the John F Kennedy Presidential Library and Museum in Boston, Massachusetts. AP
    Mr Biden meets Britain's Prince William at the John F Kennedy Presidential Library and Museum in Boston, Massachusetts. AP
  • Mr Biden reacts seeing Prince William outside the library. AP
    Mr Biden reacts seeing Prince William outside the library. AP
  • Mr Biden shakes hands with Prince William as they meet outside the venue. AP
    Mr Biden shakes hands with Prince William as they meet outside the venue. AP
  • Mr Biden and Prince William stand outside the library in Boston. AFP
    Mr Biden and Prince William stand outside the library in Boston. AFP
  • Prince William is on a three-day trip to Boston for the Earthshot awards. AFP
    Prince William is on a three-day trip to Boston for the Earthshot awards. AFP
  • Mr Biden and Prince William discussed climate goals and mental health issues, the White House said. AP
    Mr Biden and Prince William discussed climate goals and mental health issues, the White House said. AP

Joe Biden meets Prince William in Boston


Patrick deHahn
  • English
  • Arabic

US President Joe Biden on Friday met the UK's Prince William in Boston, Massachusetts, where they discussed climate goals and mental health, the White House said.

Mr Biden made a brief trip to New England to attend a political fundraising event and met the prince during his three-day visit to the country, which will end with the announcement of the winners of his Earthshot Prize.

It was Prince William and his wife Kate's first overseas trip since the death of Queen Elizabeth II, whose funeral Mr Biden attended.

Caroline Kennedy, daughter of former US president John F Kennedy, showed the prince around the library before his meeting with Mr Biden on the premises. The Princess of Wales was visiting Harvard University's Centre on the Developing Child.

  • Prince William greets US ambassador to Australia Caroline Kennedy Schlossberg at the John F Kennedy Presidential Library and Museum in Boston, Massachusetts. Reuters
    Prince William greets US ambassador to Australia Caroline Kennedy Schlossberg at the John F Kennedy Presidential Library and Museum in Boston, Massachusetts. Reuters
  • The Prince of Wales and Ms Kennedy tour the library. AP
    The Prince of Wales and Ms Kennedy tour the library. AP
  • Prince William speaks with Jack and Tatiana Kennedy Schlossberg, the ambassador's children. AFP
    Prince William speaks with Jack and Tatiana Kennedy Schlossberg, the ambassador's children. AFP
  • Ms Kennedy Schlossberg is the daughter of former president John F Kennedy, whose Moonshot initiative challenged the US to put a man on the Moon. PA
    Ms Kennedy Schlossberg is the daughter of former president John F Kennedy, whose Moonshot initiative challenged the US to put a man on the Moon. PA
  • The Moonshot is the main inspiration behind the Earthshot Prize. PA
    The Moonshot is the main inspiration behind the Earthshot Prize. PA
  • Prince William during rehearsals for the Earthshot awards at MGM Music Hall at Fenway in Boston. PA
    Prince William during rehearsals for the Earthshot awards at MGM Music Hall at Fenway in Boston. PA
  • Kate, Princess of Wales, rehearses for the Earthshot awards. PA
    Kate, Princess of Wales, rehearses for the Earthshot awards. PA
  • The Princess of Wales waves to the crowd after visiting the Centre on the Developing Child at Harvard University in Cambridge, Massachusetts. AP
    The Princess of Wales waves to the crowd after visiting the Centre on the Developing Child at Harvard University in Cambridge, Massachusetts. AP
  • The Princess of Wales sits in on a roundtable discussion at the Centre on the Developing Child. AP
    The Princess of Wales sits in on a roundtable discussion at the Centre on the Developing Child. AP
  • The princess greets people at the centre. AP
    The princess greets people at the centre. AP
  • Young and old waited for a glimpse of the Princess of Wales. AFP
    Young and old waited for a glimpse of the Princess of Wales. AFP
  • Kate greets well-wishers gathered outside after visiting the Centre on the Developing Child at Harvard University in Cambridge. AP
    Kate greets well-wishers gathered outside after visiting the Centre on the Developing Child at Harvard University in Cambridge. AP
  • The Princess of Wales signs the guest book during a visit to the centre. PA
    The Princess of Wales signs the guest book during a visit to the centre. PA
  • A signature by King Charles III, then Prince of Wales, in a guest book above one signed by Kate. AP
    A signature by King Charles III, then Prince of Wales, in a guest book above one signed by Kate. AP
  • The Princess of Wales poses for a photo with the crowd after a tour of Roca in Chelsea, Massachusetts. Prince William greets people on the left. AP
    The Princess of Wales poses for a photo with the crowd after a tour of Roca in Chelsea, Massachusetts. Prince William greets people on the left. AP
  • Prince William takes time to greet people in the crowd after a visit to Roca. AFP
    Prince William takes time to greet people in the crowd after a visit to Roca. AFP
  • The Prince and Princess of Wales greet Matthew Quinton, who is in the Young Men's Programme at Roca. AP
    The Prince and Princess of Wales greet Matthew Quinton, who is in the Young Men's Programme at Roca. AP
  • Young Sofia momentarily stole the couple's thunder at Roca. AP
    Young Sofia momentarily stole the couple's thunder at Roca. AP
  • Roca is an organisation that helps troubled and at-risk young people. AP
    Roca is an organisation that helps troubled and at-risk young people. AP
  • Prince William engages with children at Roca. AFP
    Prince William engages with children at Roca. AFP
  • Kate with children at Roca. EPA
    Kate with children at Roca. EPA
  • Prince William and Kate visit the Harbour Defences of Boston, as the city contends with rising sea levels. AFP
    Prince William and Kate visit the Harbour Defences of Boston, as the city contends with rising sea levels. AFP

Mr Biden emphasised the strength of US-UK relations and expressed his condolences to King Charles III during his visit to London following the queen's death.

“He also conveyed the great admiration of the American people for the queen, whose dignity and constancy deepened the enduring friendship and special relationship between the United States and the United Kingdom,” the White House said in a statement at the time.

Mr Biden will take part in a phone bank and attend a reception for the Democratic Senatorial Campaign Committee before flying to Camp David for the weekend.

In Boston, Mr Biden is hoping to give a boost to the Democratic Party before the Georgia Senate run-off election on Tuesday, which will help decide who holds ultimate control of the 100-seat legislative chamber.

The Democrats currently have control of 50 seats, with Vice President Kamala Harris wielding the tiebreaking vote as head of the Senate. If Raphael Warnock retains his seat, it would mean Democrats no longer need to rely on Ms Harris's vote.

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

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

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

'Top Gun: Maverick'

Rating: 4/5

 

Directed by: Joseph Kosinski

 

Starring: Tom Cruise, Val Kilmer, Jennifer Connelly, Jon Hamm, Miles Teller, Glen Powell, Ed Harris

 
Company%20Profile
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MO
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Company%20profile
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What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Updated: December 02, 2022, 9:26 PM