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Manhunt in Germany for man who disarmed 4 police officers

In scenes reminiscent of the film "Rambo", police in Germany's Black Forest on Monday hunted for a homeless man wearing combat gear and armed with a bow and arrow among other weapons.

The man made the officers hand over their weapons before running away, "presumably" taking their firearms with him.

About 100 officers combed the forest with the help of special forces, helicopters and sniffer dogs as the search entered its second day on Monday.

Police in Oppenau, in south-western Germany, warned local residents to stay at home and not pick up any hitchhikers.

They released a photo of the 31-year-old suspect, who has a bow and arrow, a knife and at least one gun and is known to the police for previous offences, including illegal possession of firearms.

Four officers sent to the scene said the suspect cooperated at first when approached.

But then he "suddenly and completely unexpectedly" threatened them with a firearm, leaving them "no time to react to the dangerous situation," police said.

Police described the man as about 170 centimetres (5.6 feet) tall, slim, with glasses, a goatee beard and a bald head.

China bans Cruz, Rubio, Smith, Brownback over criticism

China on Monday said it will ban entry to U.S. Senators Marco Rubio and Ted Cruz, Representative Chris Smith and Ambassador for Religious Freedom Sam Brownback over their criticism of the ruling Communist Party’s policies toward minority groups and people of faith.

Foreign ministry spokesperson Hua Chunying said actions by the U.S. had “seriously damaged China-U.S. relations” and that China was determined to uphold its national sovereignty against what it sees as interference in its internal affairs.

“China will respond further according to the development of the situation,” Hua said.

There was no indication that any of the four had plans to travel to China.

The travel bans appear to be direct retaliation for the U.S. imposition of sanctions on four Chinese officials, including Chen Quanguo, who heads the northwestern region of Xinjiang, where more than 1 million members of Muslim minority groups have been incarcerated in what China terms de-radicalization and retraining centers.

Critics have likened the camps to prisons to which inmates are sentenced with little due process and where they are compelled to denounce their religion, language and culture and pledge allegiance to the Communist Party and its leader, Xi Jinping. An Associated Press investigation has also discovered allegations that women in Xinjiang’s predominantly native Uighur ethnic group were forced to use birth control or undergo involuntary sterilizations.

Several soldiers killed in Armenia-Azerbaijan border clashes -ministries

Several Azeri and Armenian soldiers have been killed and wounded in border clashes, defence ministries of both countries said on Monday, with each accusing the other of encroaching on their territory.

The two former Soviet republics have long been in conflict over Azerbaijan's breakaway, mainly ethnic Armenian region of Nagorno-Karabakh, although the latest clashes occurred some 300 km (190 miles) from the mountainous enclave.

The Azeri defence ministry said four of its soldiers were killed and five wounded while Armenia's ministry said that two of its soldiers were wounded. The two sides traded accusations of ceasefire violations and firing artillery.

Exchanges of fire began on Sunday and continued into Monday in the rugged South Caucasus region.

Nagorno-Karabakh, a highland enclave within Azerbaijan, is run by ethnic Armenians who declared independence during a conflict that broke out as the Soviet Union crumbled in 1991.

Though a ceasefire was agreed in 1994, Azerbaijan and Armenia continue to accuse each other of shooting attacks around Nagorno-Karabakh and along the separate Azeri-Armenian frontier.

The frozen Nagorno-Karabakh conflict has concerned the international community in part because of its threat to stability in a region that serves as a corridor for pipelines taking oil and gas to world markets.

Zindzi Mandela, daughter of Nelson and Winnie, dies at 59

Zindzi Mandela, the daughter of South African anti-apartheid leaders Nelson Mandela and Winnie Madikizela-Mandela, has died aged 59.

State television South African Broadcasting Corporation has reported that Mandela died at a Johannesburg hospital early Monday morning. The cause of her death has not been announced.

She had been South Africa’s ambassador to Denmark since 2015.

The Mandelas’ daughter came to international prominence in 1985, when the white minority government offered to release Nelson Mandela from prison if he denounced violence perpetrated by his movement, the Africa National Congress, against apartheid, the brutal system of racial discrimination enforced in South Africa at that time.

Zindzi Mandela read his letter rejecting the offer at a packed public meeting that was broadcast around the world.

Last year Mandela stirred controversy by calling for the return of the white-owned land to South Africa’s dispossessed Black majority.

“Dear Apartheid Apologists, your time is over. You will not rule again. We do not fear you. Finally #TheLandIsOurs,” she tweeted in June last year.

South Africa’s foreign affairs minister Naledi Pandor has expressed shock at Mandela’s death, describing her as a heroine.

“Zindzi will not only be remembered as a daughter of our struggle heroes, Tata Nelson and Mama Winnie Mandela, but as a struggle heroine in her own right. She served South Africa well,” said Pandor.

She is survived by her husband and four children.

BONUS IF NEEDED

International appeal for calm in Mali after protest deaths

The UN, European Union, African Union and West African bloc ECOWAS have appealed for restraint in Mali after a deepening political crisis spiralled into bloodshed.

In a statement issued overnight Sunday, representatives of the four groups in the Malian capital Bamako said they were very concerned, and hit out at "any form of violence as a means of crisis resolution."

They attacked the use of lethal force by the security forces and urged dialogue, but warned that the arrest of protest leaders was an obstacle to this.

President Ibrahim Boubacar Keita, 75, is facing a mounting wave of protests sparked by the outcome of a long-delayed parliamentary poll, but whose underlying causes include discontent over his handling of Mali's jihadist insurgency.

Eleven people have died and 124 have been injured since Friday, according to a senior official at an emergency department of a major hospital in Bamako.

The demonstrations are being driven by a disparate group of religious leaders, political and civil society members.

They have called for "civil disobedience", including non-payment of fines and blocking entry to state buildings.

Mali's European allies and neighbours are deeply concerned at the escalating crisis, given the country's poverty, ethnic mix and strategic location at the heart of the Sahel.

The four-party statement voiced support for proposals put forward by ECOWAS, the 15-nation Economic Community of West African States of which Mali is a member.

The proposals call for a "consensus government of national union" and for fresh elections in constituencies whose provisional results, in the March-April elections, had been annulled by the Constitutional Court, enabling several members of Keita's party to be elected.

match details

Wales v Hungary

Cardiff City Stadium, kick-off 11.45pm

The years Ramadan fell in May

1987

1954

1921

1888

Brief scores:

England: 290 & 346

Sri Lanka: 336 & 243

If you go…

Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.

Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days. 

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Most sought after workplace benefits in the UAE
  • Flexible work arrangements
  • Pension support
  • Mental well-being assistance
  • Insurance coverage for optical, dental, alternative medicine, cancer screening
  • Financial well-being incentives 
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Ahmed Raza

UAE cricket captain

Age: 31

Born: Sharjah

Role: Left-arm spinner

One-day internationals: 31 matches, 35 wickets, average 31.4, economy rate 3.95

T20 internationals: 41 matches, 29 wickets, average 30.3, economy rate 6.28

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.”

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

Crazy Rich Asians

Director: Jon M Chu

Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan

Four stars

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Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

Results

2.30pm: Park Avenue – Conditions (PA) Dh80,000 (Dirt) 2,000m; Winner: Rb Seqondtonone, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

3.05pm: Al Furjan – Maiden (TB) Dh82,500 (Turf) 1,200m; Winner: Bosphorus, Dane O’Neill, Bhupat Seemar

3.40pm: Mina – Rated Condition (TB) Dh105,000 (D) 1,600m; Winner: Royal Mews, Tadhg O’Shea, Bhupat Seemar

4.15pm: Aliyah – Handicap (TB) Dh87,500 (T) 1,900m; Winner: Ursa Minor, Ray Dawson, Ahmad bin Harmash

4.50pm: Riviera Beach – Rated Conditions (TB) Dh95,000 (D) 2,200m; Winner: Woodditton, Saif Al Balushi, Ahmad bin Harmash

5.25pm: Riviera – Handicap (TB) Dh2,000 (T) 2,000m; Winner: Al Madhar, Antonio Fresu, Musabah Al Muhairi

6pm: Creek Views – Handicap (TB) Dh95,000 (T) 1,400m; Winner: Al Salt, Dane O’Neill, Erwan Charpy