President Barack Obama is right: the rebellion that forced Egypt's President Hosni Mubarak off the stage of history is bad news for al Qa'eda. No question, it represents the triumph of the path of democratic people's power over nihilistic violence when it comes to toppling a US-backed autocracy. But al Qa'eda has been a factor only in Washington's conversation about Egypt; never in Egypt's conversation about itself.
Last week, the US punditocracy was still wondering whether al Qa'eda could be lurking in the wings of Egypt's popular rebellion, but that's simply a symptom of Washington viewing Egypt through the lens of its own concerns - first the Cold War against the Soviets; then the "war on terror"; now the campaign to isolate Iran; and always, Israel's concerns above all else.
That's the perspective that made Mr Mubarak first among equals of US allies in the Arab world. And Washington's bogeymen are only too happy to oblige. Ayman Zawahiri will soon release a tape, from the margins of history in the wilds of Waziristan, scolding the Egyptians for presuming to overthrow a leader without his help, but no one of any consequence in Egypt will pay it much heed.
And Iran - the other Egypt scare story popular in Washington, in which a democratic revolution in the Muslim world is inevitably a Trojan Horse to be hijacked by Bolshevik Islamists as happened in 1979 - in its own propaganda hailed Egypt's "Islamic Revolution" led by the Muslim Brotherhood. But Egypt's was not an Islamic Revolution, and the Muslim Brotherhood were the first to slap down the mullahs in Tehran.
And Israel?
The idea that Mr Mubarak's ouster would spell the end of the Camp David peace agreement was squelched even before the Egyptian Supreme Council of the Armed Forces on Saturday made it clear that Egypt would continue to uphold all its international treaty obligations. The Muslim Brotherhood had argued for the same position earlier in the week. A democratic Egypt has no incentive to engage in conflict with Israel as long as its own territory is not being occupied. Israel has more to worry about in the fact that Cairo will no longer be an ally in its war on Hamas, and that a democratically elected Egyptian president is unlikely to reprise Mubarak's role in leaning on or providing cover for the Palestinian leadership making deals with Israel that would not be acceptable to their own people.
More importantly, what Israel - and also those in Washington who see the future of the Middle East as the continuation of a Pax Americana - really have to fear from Egypt is its inspiring example. First, it offers a Gandhian success story of the power of collective action by unarmed people to face down injustice. Things could get very uncomfortable for Israel if the Palestinians start doing the same in larger numbers than they are now.
The Obama Administration, aware of the power of Egypt's example, has been trying since Friday to harness it to its own purposes, banging on about the need for Iran to recognise the same rights as Egypt's protesters have established for themselves. Well said, except the idea would carry more credibility if Washington was demanding the same of Algeria, Jordan or any number of US allies throughout the Middle East.
President Obama, speaking on Friday, appeared to recognise that the wider significance of Mr Mubarak's ouster is that Arabs have introduced themselves to the world, smashing the narrative shackles of self-serving Western orientalist fictions about fanatic Arab masses needing to be kept in check. Mr Obama appeared genuinely moved by the spectacle of Egyptians claiming their dignity and their place in the pantheon of nations that have overthrown tyrants, hailing their non-violent path as an echo of Gandhi and Martin Luther King. But if he imagines Egyptians have no memory when he says "the United States will continue to be a friend and partner to Egypt", he is deluding himself.
Wael Ghonim, the young internet entrepreneur behind the Facebook-based protest against the murder in Alexandria of Khaled Said, has been hailed as a pioneer of the uprising. The fact that he's the regional marketing manager for the US internet giant Google appealed to an American instinct for claiming parentage of democratic impulses on distant shores, but this consummate representative of Egypt's globalised Facebook generation had some blunt words - via Twitter, of course - hours after Mubarak fell: "Dear Western Governments: You've been silent for 30 years supporting the regime that was oppressing us. Please don't get involved now."
But Mr Obama was not going to hold it against the Egyptians that to win their freedom they had to overthrow Mr Obama's own closest ally in the Arab world. "Today belongs to the people of Egypt," he offered generously, "and the American people are moved by these scenes in Cairo and across Egypt because of who we are as a people." He hailed Egypt's protesters for "what they did ... the things that they stood for, and how they changed their country, and in doing so changed the world".
Yes, they have. But while the American people will clearly recognise their own values in those who inspired the Egyptian revolution, their government's policies in the Middle East have been driven not by American values, but by American interests defined in ways that have little to do with those values. The uncomfortable truth for Mr Obama, in Wael Ghonim's tweet, is that those in Egypt who have risen to fight for freedom do not count America a friend; until now, it has been an obstacle.
So the world as changed by the Egyptians is an uncomfortable one for US interests, as traditionally defined for the past six decades. If America is to be a friend to Egypt, and to all those struggling for the rights he proclaims as universal, President Obama's own government may have to adjust its own assumptions, expectations and policies more than most.
Tony Karon is an analyst based in New York. Follow him on Twitter @TonyKaron
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
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Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
Race card
4pm Al Bastakiya Listed US$300,000 (Dirt) 1,900m
4.35pm Mahab Al Shimaal Group 3 $350,000 (D) 1,200m
5.10pm Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m
5.45pm Burj Nahaar Group 3 $350,000 (D) 1,600m
6.20pm Jebel Hatta Group 1 $400,000 (T) 1,800m
6.55pm Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m
7.30pm Dubai City Of Gold Group 2 $350,000 (T) 2,410m
The National selections:
4pm Zabardast
4.35pm Ibn Malik
5.10pm Space Blues
5.45pm Kimbear
6.20pm Barney Roy
6.55pm Matterhorn
7.30pm Defoe
Traits of Chinese zodiac animals
Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
Mohammed bin Zayed Majlis
MATCH INFO
Manchester United 1 (Fernandes pen 2') Tottenham Hotspur 6 (Ndombele 4', Son 7' & 37' Kane (30' & pen 79, Aurier 51')
Man of the match Son Heung-min (Tottenham)
THE SPECS – Honda CR-V Touring AWD
Engine: 2.4-litre 4-cylinder
Power: 184hp at 6,400rpm
Torque: 244Nm at 3,900rpm
Transmission: Continuously Variable Transmission (CVT)
0-100kmh in 9.4 seconds
Top speed: 202kmh
Fuel consumption: 6.8L/100km
Price: From Dh122,900