Many in the international community may have already seen fit to declare Yemen's "negotiated transition" - after decades under the rule of Ali Abdullah Saleh - a "model" for the region, but as the bulk of Yemenis see it, such a characterisation is, at best, premature. The weak and powerful alike seem to be constantly debating the way the country is heading. Most of the time, they reach the same conclusion: no one really knows.
Events in Yemen often seem to be perpetually vindicating the nation's collective ambivalence regarding both the short- and long-term future. But few things have done more to underscore the fragility and odd resilience of the country's relative state of calm than the past few days' events in Sanaa.
In a testament to what currently counts as normal in the Yemeni capital, I was only mildly alarmed last Sunday when I noticed a line of riot police securing a cordon around the National Security Bureau (NSB) when I passed through the neighbourhood.
There were no sounds of gunfire or any other telltale signs of discord - save the lines of soldiers, of course, who refused to explain their presence in any greater detail than a vague mention of "problems". Their clear resentment of my presence convinced me it wasn't worth pushing the issue, especially as I was already running late.
I made it to my destination, the second meeting of the second session of Yemen's Conference of National Dialogue, a few minutes later. I have been in Yemen long enough to remember when the conference was little more than a footnote to an internationally brokered power-transfer agreement aimed at securing Mr Saleh's exit - then the target of nearly a year of Arab Spring-inspired street protests - before Yemen slipped further into chaos.
At some point over the course of the year that followed, the conference was transformed into the centrepiece of Yemen's two-year transitional period, the "forum for the crafting of a new Yemen".
The sheer diversity of the 565 participants is certainly a sight to behold, though political debate has long been a virtual national pastime and the conference itself often seems more like a showcase for the country's political divisions than a venue allowing Yemenis to rise above them.
Things have remained surprisingly cordial, all things considered, but verbal altercations are commonplace and, on at least one occasion, have escalated to flying chairs. More than anything, though, it is the conference's setting - a luxury hotel perched on a hill outside of central Sanaa - that does the most to reinforce scepticism regarding the ultimate significance of the process.
It certainly seemed a world apart as things unfolded that Sunday. As the day's session ended, I was jolted by echoes of gunfire coming from a neighbourhood near the hotel. I tempered my sense of alarm, as no one else seemed to notice. Such apathy, however, dissipated once word of the source of the violence spread through Sanaa: troops had opened fire on a crowd of protesters affiliated with the Houthi movement in front of the NSB. By the end of the day, nine people were dead.
I spent the afternoon with friends. The dominant mood gradually shifted from confusion to fears that the spark had just been lit for a seventh round of Houthi insurgent attacks. The Houthis' participation in dialogue had virtually cemented the group's transformation from a suppressed rebel group to a mainstream political faction, but it's done little to erase their tensions with various other parties. As the target of a series of six armed conflicts with the central government, they maintain a well-armed militia and have carved a virtual state within a state out of Yemen's far north.
Apprehension over the Zaydi Shia-led group's rising power mixes with a sectarianism-reinforced narrative casting the Houthis as only proxies in a regional battle between Iran and Saudi Arabia. The locally rooted factors that have fuelled the group's rise often seem to be elided and many Yemenis - most vocally, Sunni Islamist imams, politicians and tribal leaders - openly cast them as little more than Iranian pawns. All of this has only added to the Houthis' general distrust of the Yemeni government, reinforcing a bunker mentality stemming from nearly a decade spent fighting.
While these frictions have fuelled deadly clashes in tribal areas north of Sanaa, in the capital itself, they have largely been manifested in rhetorical warfare. As sporadic gunfire continued in parts of the capital that day, it seemed as if things were about to take a radically different turn.
Fears of a conflagration went unfulfilled. The Houthis' reactions the following day were limited and controlled. The group's representatives staged a protest at the day's dialogue session - a cross-section of other delegates, outraged by the attack, joined in solidarity - and a march to the scene of the crackdown passed peacefully. As is often the case here, the status quo proved shockingly resilient.
Reconfiguring my plans, I headed to the home of a prominent Yemeni MP, joining a mix of other guests ranging from tribal leaders to businessmen to discuss the issues of the day over a khat chew. The capital may have been awash in sighs of relief, but the pre-existing, vague sense of foreboding remained.
Rather than showing a collective commitment to the transitional process, the quiet resolution of the previous day's crisis seemed only to suggest a collective desire to avoid being tarred with the blame for spoiling things. That may not have been a wholly negative thing in itself, but it only reinforced the artificial feel of the government established by the power-transfer agreement, which installed Mr Saleh's longtime deputy as president and divided the cabinet between his party and the establishment opposition. Rather than moving forward, it often seems as if the country is officially set on pause.
"It's like prescribing a sedative for someone with a serious illness," the host, a former member of Mr Saleh's party who defected in 2011, mused pessimistically. "Things have calmed down temporarily, but nothing has actually been solved."
The country is rife with such sentiments. Even if various power brokers have appeared to demonstrate the desire and capacity to keep things under control for now, there's no guarantee they will retain the will or ability to do so in the short-term future.
Regional and political divides show little sign of shrinking; any gains with regards to the country's general stability could disappear in an instant. The challenges facing Yemen often seem insurmountable. Still, writing the country off feels premature.
I headed out to meet up with activist friends and I felt a surprising sense of comfort as we discussed the same topics I'd discussed at the MP's house earlier. It's been more than two years since they took to the streets in the hope of toppling Mr Saleh; since then, many of them have been transformed into virtual public figures.
Their ability to remain engaged for this long is ultimately a remarkable show of endurance; there is little doubt in my mind that they will see their dreams for their country come to fruition or die trying. Of course, plenty of people have done just that and, as most readily acknowledge, the odds are most certainly against them. It is hard to take their commitment, however admirable, as a reason for consolation. Regardless, as I listened to them speculate and strategise, there was an oddly hopeful lilt to our collective agreement that, regardless of what anyone claims, Yemen remains perched on the edge of the great unknown.
Adam Baron is a freelance journalist based in Sanaa who reports regularly from Yemen for the Christian Science Monitor, The Economist and McClatchy Newspapers.
On Twitter: @adammbaron
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Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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
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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.
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Date started: Okadoc, 2018
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Sector: Healthcare
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RESULT
Bayern Munich 3 Chelsea 2
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Gulf Under 19s final
Dubai College A 50-12 Dubai College B
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Start-up hopes to end Japan's love affair with cash
Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.
Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.
Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.
Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.
Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.