Women console each other after digging through the rubble of a home destroyed by the wildfire in Lahaina, Hawaii. AP
Women console each other after digging through the rubble of a home destroyed by the wildfire in Lahaina, Hawaii. AP
Women console each other after digging through the rubble of a home destroyed by the wildfire in Lahaina, Hawaii. AP
Women console each other after digging through the rubble of a home destroyed by the wildfire in Lahaina, Hawaii. AP

US rushes resources to Maui fire victims as Hawaii mourns 110 dead


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  • Arabic

The US government on Wednesday said it was working to “move quickly and push as many resources” into Hawaii as it reels from ongoing destructive and deadly fires.

“This is going to be a very long and hard recovery. But our federal, state and local partners are working around the clock to help all of those who have been impacted by this disaster,” Federal Emergency Management Agency administrator Deanne Criswell said at a White House press briefing.

“As he always does, President [Joe] Biden directed me to move quickly and push as many resources into the area so we can help people as soon as possible that were impacted.”

The death toll from the fires that scorched Maui climbed past 110 on Wednesday as the country began identifying victims.

Hawaii's Governor Josh Green said 110 people were confirmed dead and that 38 per cent of the disaster area has been searched.

“It makes us heartbroken,” Mr Green said at a news conference.

The County of Maui said 13 DNA profiles had been obtained from fatalities, and an additional 41 DNA profiles have been obtained by family members of missing people.

Of the 106 confirmed fatalities, only two victims' identities have been released. The Maui Police Department identified them as Robert Dyckman, 74, and Buddy Jantoc, 79. Both men were Lahaina residents.

Three other victims have been identified, although their names have not yet been released.

Fema said it has sent at least 140 workers to assist in search-and-recovery operations as well as additional canine search teams to supplement and relieve those already there.

“We're working carefully to search the affected areas thoroughly and compassionately while respecting all of the cultural sensitivities,” Ms Criswell said.

Mr Biden and his wife Jill will travel to Maui on Monday to meet first responders and survivors, as well as federal, state and local officials, a statement from White House press secretary Karine Jean-Pierre said.

“I know when the President travels, he's going to be able to bring hope,” Ms Criswell added.

Meanwhile, authorities are trying to find shelter for the thousands of displaced people whose homes were destroyed by the blazes.

Mr Green said hundreds of hotel rooms had already been secured to shelter people, with hundreds more rooms made available from holiday rentals and Airbnb properties.

“We can house everybody who’s struggling, who’s suffering and also who’s helping us respond,” Mr Green said.

Fema has given out $2.3 million in assistance to families and launched a transitional shelter assistance programme to help support the state's fire relief housing scheme.

The White House said Fema has also supplied Hawaiians with meals and water, cots, blankets and shelter supplies that are being distributed by the County of Maui.

  • Hawaii Governor Josh Green, centre, speaks to reporters during a tour of wildfire damage in Lahaina, Hawaii. AP
    Hawaii Governor Josh Green, centre, speaks to reporters during a tour of wildfire damage in Lahaina, Hawaii. AP
  • A church service at King's Cathedral in Kahului on the island of Maui, Hawaii. AP
    A church service at King's Cathedral in Kahului on the island of Maui, Hawaii. AP
  • Volunteers load supplies on to a boat bound for West Maui at the Kihei boat landing. AP
    Volunteers load supplies on to a boat bound for West Maui at the Kihei boat landing. AP
  • A tree, uprooted by high winds, rests on the ground as a Maui County firefighter extinguishes a fire. AFP
    A tree, uprooted by high winds, rests on the ground as a Maui County firefighter extinguishes a fire. AFP
  • Donated clothes pile up in Lahaina. AP
    Donated clothes pile up in Lahaina. AP
  • An American Red Cross worker stands at the entrance of the War Memorial Stadium, which is being used as a shelter for displaced Lahaina inhabitants in Kahului. EPA
    An American Red Cross worker stands at the entrance of the War Memorial Stadium, which is being used as a shelter for displaced Lahaina inhabitants in Kahului. EPA
  • Kamuela Kawaakoa, 34, and his six-year-old son, stand under a tarpaulin with donations for those affected by the wildfire. AFP
    Kamuela Kawaakoa, 34, and his six-year-old son, stand under a tarpaulin with donations for those affected by the wildfire. AFP
  • Hawaii stevedores and other volunteers prepare donations in Hawaii. Reuters
    Hawaii stevedores and other volunteers prepare donations in Hawaii. Reuters
  • The Ganer family survey the ruins of their home on Malolo Place, western Maui, Hawaii, after a wildfire that killed 67 people. AFP
    The Ganer family survey the ruins of their home on Malolo Place, western Maui, Hawaii, after a wildfire that killed 67 people. AFP
  • Damage to Lahaina on Maui island, Hawaii, on August 11, 2023, after a wildfire. AP
    Damage to Lahaina on Maui island, Hawaii, on August 11, 2023, after a wildfire. AP
  • Damage to Kula in the Upcountry region of Maui island, Hawaii, after a wildfire. AP
    Damage to Kula in the Upcountry region of Maui island, Hawaii, after a wildfire. AP
  • Lahaina on Maui island, Hawaii, after the wildfire. AP
    Lahaina on Maui island, Hawaii, after the wildfire. AP
  • Burnt grasslands in the Upcountry region of Maui island extend almost as far as the eye can see. AP
    Burnt grasslands in the Upcountry region of Maui island extend almost as far as the eye can see. AP
  • A wildfire burns in Kihei, Hawaii. Thousands of residents raced to escape homes on Maui as blazes swept across the island. AP Photo
    A wildfire burns in Kihei, Hawaii. Thousands of residents raced to escape homes on Maui as blazes swept across the island. AP Photo
  • Waiola Church and the adjacent Hongwanji Mission are engulfed in Lahaina. AP
    Waiola Church and the adjacent Hongwanji Mission are engulfed in Lahaina. AP
  • Smoke and flames have become a familiar sight across Maui. AP
    Smoke and flames have become a familiar sight across Maui. AP
  • Several communities were forced to evacuate as the dry season and strong winds made for dangerous fire conditions. AP
    Several communities were forced to evacuate as the dry season and strong winds made for dangerous fire conditions. AP
  • Passengers try to rest at Kahului Airport as they leave Maui. AFP
    Passengers try to rest at Kahului Airport as they leave Maui. AFP
  • Flights off the island were delayed and cancelled leaving thousands of passengers were stranded at Kahului Airport. AFP
    Flights off the island were delayed and cancelled leaving thousands of passengers were stranded at Kahului Airport. AFP
  • This handout videograb courtesy of Richard Olsten shows smoke billowing from destroyed buildings in Maui. AFP
    This handout videograb courtesy of Richard Olsten shows smoke billowing from destroyed buildings in Maui. AFP
  • Smoke rises above Lahaina in this handout photo courtesy of Carter Barto via Facebook. AFP
    Smoke rises above Lahaina in this handout photo courtesy of Carter Barto via Facebook. AFP
  • Smoke billows as wildfires driven by high winds destroy a large part of Lahaina. Reuters
    Smoke billows as wildfires driven by high winds destroy a large part of Lahaina. Reuters
  • Boats docked at Lahaina as smoke streams from wildfires in the Hawaii town in Maui. Reuters
    Boats docked at Lahaina as smoke streams from wildfires in the Hawaii town in Maui. Reuters
  • Smoke obscures the old Lahaina courthouse. Reuters
    Smoke obscures the old Lahaina courthouse. Reuters
  • A boat burns off the scorched waterfront after wildfires fanned by the winds of a distant hurricane spread. Reuters
    A boat burns off the scorched waterfront after wildfires fanned by the winds of a distant hurricane spread. Reuters
  • Wildfires are destroying one of the most popular tourist areas in Hawaii. Reuters
    Wildfires are destroying one of the most popular tourist areas in Hawaii. Reuters
  • People watch as smoke and flames fill the air from raging wildfires on Front Street in downtown Lahaina. AP
    People watch as smoke and flames fill the air from raging wildfires on Front Street in downtown Lahaina. AP
  • People wait on the side of the road to return to west Maui after evacuations were ordered. Reuters
    People wait on the side of the road to return to west Maui after evacuations were ordered. Reuters
  • Wildfires are seen across Maalaea Harbour. Reuters
    Wildfires are seen across Maalaea Harbour. Reuters
  • At least six people have been killed in Maui, the mayor said. Reuters
    At least six people have been killed in Maui, the mayor said. Reuters

Maui County said 85 per cent of the Lahaina fire was contained as of Tuesday evening. The Pulehu/Kihei fire was at 100 per cent containment.

Hurricane-force winds fanned the flames that were sparked last week, resulting in major blazes that forced residents to flee into the ocean. The cause of the fires remains under investigation.

Destroyed by the wildfires was the historic town of Lahaina, once the capital of the kingdom of Hawaii.

The Lahaina fire had burnt through 878 hectares and more than 2,200 structures were damaged or destroyed.

“More than the visual impact of the burn landscape, it's the level of devastation from this fire and the feeling of loss of from such a culturally rich community,” Ms Criswell said.

“That was really palpable everywhere that I went and all the people of Hawaii are in mourning.”

Insured property losses are estimated at $3.2 billion, according to catastrophe modelling firm Karen Clark & Company. More than 3,000 total structures were impacted by the fire, KCC reported.

Most of the buildings that were damaged were residential. The high proportion of wood frames and older construction likely contributed to the damage, KCC reported.

Fema estimated that it would cost $5.52 billion to rebuild Lahaina, although its commissioner said it was “far too early to tell” what the total cost will be.

Mr Green said it would take “many years” to rebuild the historic town.

The White House said on Wednesday that the federal government would provide 100 per cent reimbursement “for the emergency work that's being done for a period of 30 days within the first 120 days at the governor's choosing”, Ms Criswell 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
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A
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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Updated: August 17, 2023, 5:38 AM