An F/A-18E Super Hornet on the flight deck of the aircraft carrier USS Nimitz in the Arabian Sea, Friday Nov. 27, 2020. AP
An F/A-18E Super Hornet on the flight deck of the aircraft carrier USS Nimitz in the Arabian Sea, Friday Nov. 27, 2020. AP
An F/A-18E Super Hornet on the flight deck of the aircraft carrier USS Nimitz in the Arabian Sea, Friday Nov. 27, 2020. AP
An F/A-18E Super Hornet on the flight deck of the aircraft carrier USS Nimitz in the Arabian Sea, Friday Nov. 27, 2020. AP

US to keep carriers and air power in Arabian Gulf amid Iraq drawdown


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As the Pentagon pulls troops out of the Middle East in the coming weeks, under orders from President Donald Trump, US military leaders are working to find other ways to deter potential attacks by Iran and its proxies, and to counter arguments that America is abandoning the region.

A senior US military official with knowledge of the region told The Associated Press on Monday that Iran may try to take advantage of America's troop withdrawals from Iraq and Afghanistan, and the planned departure of the aircraft carrier USS Nimitz from the Arabian Gulf.

The official said as a result military leaders have determined that based on the security situation in the region, the Nimitz must remain there "for some time to come." In addition, the official said an additional fighter jet squadron may also be sent to the region, if needed.

The Nimitz left the Gulf region and was set to begin heading home. But the ship was ordered to return last week to provide additional security while the troop withdrawals from Iraq and Afghanistan continue.

A US defence official said at the time that the decision would ensure that American troops could deter any adversary from taking action against US forces. No timetable was given, but the US military official speaking Monday made it clear that the change is open-ended, and it’s not clear when the ship’s crew will return home.

Retaliation fears

The potential Iranian threat has become an increasing concern in recent weeks following the killing of Iranian nuclear scientist Mohsen Fakhrizadeh. Iran has blamed the death on Israel, which has been suspected in previous killings of Iranian nuclear scientists. US officials are also worried about a possible Iranian retaliatory strike on the first anniversary of the US air strike that killed Iran’s top general, Qassem Soleimani, and senior Iraqi militia leaders near Baghdad’s airport in early January.

You're here because we don't want a war with Iran

The military official said the US is aware of Iranian attack planning and threats, and that some are more mature, while others are aspirational.

A key worry, he said, is that Iranian-backed militias in Iraq may be willing to act even without the direction of Tehran.

The presence of the Nimitz, said the official, may cause Iran or the militias to rethink a possible attack.

The Pentagon is mindful of the impact of the extended deployment on the Nimitz sailors and on the Navy's plan for the ship's maintenance, said the military official, who spoke to a small number of reporters on condition of anonymity to discuss ongoing troop deliberations.

The Pentagon announced last month that the US will reduce troop levels in Iraq and Afghanistan by mid-January, asserting that the decision fulfils Mr Trump’s pledge to bring forces home from America’s long wars. Under the accelerated pullout, the US will cut the number of troops in Afghanistan from more than 4,500 to 2,500, and in Iraq from about 3,000 to 2,500.

Postponing the return of the Nimitz, however, will keep between 5,000-7,000 sailors and Marines in the Middle East, likely into next year. Other ships in the Nimitz strike group may remain with the carrier.

  • An MH-60S Sea Hawk helicopter conducts flight control checks on the flight deck of the US Navy aircraft carrier USS Nimitz in the Indian Ocean on November 25, 2020. Handout via REUTERS
    An MH-60S Sea Hawk helicopter conducts flight control checks on the flight deck of the US Navy aircraft carrier USS Nimitz in the Indian Ocean on November 25, 2020. Handout via REUTERS
  • The aircraft carrier USS Nimitz and the guided-missile cruiser USS Philippine Sea in formation during a Strait of Hormuz transit on September 18, 2020. AFP PHOTO / US NAVY
    The aircraft carrier USS Nimitz and the guided-missile cruiser USS Philippine Sea in formation during a Strait of Hormuz transit on September 18, 2020. AFP PHOTO / US NAVY
  • An image provided by Iran's Revolutionary Guard Corps (IRGC) reportedly shows the USS Nimitz Aircraft carrier prior to entering the Strait of Hormuz and the Gulf. AFP
    An image provided by Iran's Revolutionary Guard Corps (IRGC) reportedly shows the USS Nimitz Aircraft carrier prior to entering the Strait of Hormuz and the Gulf. AFP
  • USS Nimitz, the guided-missile cruiser USS Princeton and guided-missile destroyer USS Sterett transits the Strait of Hormuz on September 18, 2020. US NAVY / AFP
    USS Nimitz, the guided-missile cruiser USS Princeton and guided-missile destroyer USS Sterett transits the Strait of Hormuz on September 18, 2020. US NAVY / AFP
  • A US Navy helicopter descends to land aboard the USS Nimitz aircraft carrier while at sea on January 18, 2020 off the coast of Baja California, Mexico. Getty Images AFP
    A US Navy helicopter descends to land aboard the USS Nimitz aircraft carrier while at sea on January 18, 2020 off the coast of Baja California, Mexico. Getty Images AFP
  • The aircraft carrier USS Nimitz transits the Strait of Hormuz on September 18, 2020. US NAVY / AFP
    The aircraft carrier USS Nimitz transits the Strait of Hormuz on September 18, 2020. US NAVY / AFP
  • A US Navy catapult officer works on the flight deck of the USS Nimitz aircraft carrier while at sea on January 18, 2020 off the coast of Baja California, Mexico. Getty Images/AFP
    A US Navy catapult officer works on the flight deck of the USS Nimitz aircraft carrier while at sea on January 18, 2020 off the coast of Baja California, Mexico. Getty Images/AFP

The military official said that the Pentagon will look at other ways to make up for the loss of the Nimitz when the carrier does leave the region.

Mr Trump’s troop withdrawal decision got a cool reception from Republican lawmakers and allies, who warned of the dangers of reducing forces before security conditions are right. And it came despite arguments from senior military officials who favour a slower pullout to preserve security gains.

Marine Gen Frank McKenzie, the most senior US commander in the Middle East, has long argued for a consistent aircraft carrier presence in the Gulf region to deter Iran.

Visiting the aircraft carrier USS Harry S. Truman in the North Arabian Sea in February, Gen McKenzie told the sailors: "You're here because we don't want a war with Iran and nothing makes a potential adversary think twice about war than the presence of an aircraft carrier and the strike group that comes with it."

Despite widespread demands for US Navy ships in other parts of the world, Gen McKenzie requested and received a much larger than usual naval presence in the Middle East region throughout the early part of this year. But over time, the numbers have declined, in recognition of the Pentagon’s effort to put more emphasis on China and the Indo-Pacific.

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  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
RESULTS

Women:

55kg brown-black belt: Amal Amjahid (BEL) bt Amanda Monteiro (BRA) via choke
62kg brown-black belt: Bianca Basilio (BRA) bt Ffion Davies (GBR) via referee’s decision (0-0, 2-2 adv)
70kg brown-black belt: Ana Carolina Vieira (BRA) bt Jessica Swanson (USA), 9-0
90kg brown-black belt: Angelica Galvao (USA) bt Marta Szarecka (POL) 8-2

Men:

62kg black belt: Joao Miyao (BRA) bt Wan Ki-chae (KOR), 7-2
69kg black belt: Paulo Miyao (BRA) bt Gianni Grippo (USA), 2-2 (1-0 adv)
77kg black belt: Espen Mathiesen (NOR) bt Jake Mackenzie (CAN)
85kg black belt: Isaque Braz (BRA) bt Faisal Al Ketbi (UAE), 2-0
94kg black belt: Felipe Pena (BRA) bt Adam Wardzinski (POL), 4-0
110kg black belt final: Erberth Santos (BRA) bt Lucio Rodrigues (GBR) via rear naked choke

RESULTS

2pm: Maiden Dh 60,000 (Dirt) 1,400m. Winner: Masaali, Pat Dobbs (jockey), Doug Watson (trainer).

2.30pm: Handicap Dh 76,000 (D) 1,400m. Winner: Almoreb, Dane O’Neill, Ali Rashid Al Raihe.

3pm: Handicap Dh 64,000 (D) 1,200m. Winner: Imprison, Fabrice Veron, Rashed Bouresly.

3.30pm: Shadwell Farm Conditions Dh 100,000 (D) 1,000m. Winner: Raahy, Adrie de Vries, Jaber Ramadhan.

4pm: Maiden Dh 60,000 (D) 1,000m. Winner: Cross The Ocean, Richard Mullen, Satish Seemar.

4.30pm: Handicap 64,000 (D) 1,950m. Winner: Sa’Ada, Fernando Jara, Ahmad bin Harmash.

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
UAE SQUAD

Khalid Essa, Ali Khaseif, Fahad Al Dhanhani, Adel Al Hosani, Bandar Al Ahbabi, Mohammad Barghash, Salem Rashid, Khalifa Al Hammadi, Shaheen Abdulrahman, Hassan Al Mahrami, Walid Abbas, Mahmoud Khamis, Yousef Jaber, Majed Sorour, Majed Hassan, Ali Salmeen, Abdullah Ramadan, Abdullah Al Naqbi, Khalil Al Hammadi, Fabio De Lima, Khalfan Mubarak, Tahnoon Al Zaabi, Ali Saleh, Caio Canedo, Ali Mabkhout, Sebastian Tagliabue, Zayed Al Ameri

Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

SPEC%20SHEET%3A%20APPLE%20IPAD%20(2022)
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COMPANY%20PROFILE
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MATCH INFO

Uefa Champions League semi-final, first leg

Barcelona v Liverpool, Wednesday, 11pm (UAE).

Second leg

Liverpool v Barcelona, Tuesday, May 7, 11pm

Games on BeIN Sports

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 

The Kites

Romain Gary

Penguin Modern Classics

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

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

 

 

AS%20WE%20EXIST
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US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

MATCH INFO

Crawley Town 3 (Tsaroulla 50', Nadesan 53', Tunnicliffe 70')

Leeds United 0 

All the Money in the World

Director: Ridley Scott

Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer

Four stars

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020