US Gulf move is to moderate Iraq fiasco
The United States' decision to pull out all its troops from Iraq by the end of this year, coupled with its announcement this week that it will be re-enforcing its military presence in the Gulf region, amounts to an attempt to minimise Washington's military and diplomatic failure in Iraq, stated the pan-Arab newspaper Al Quds Al Arabi in an editorial yesterday.
The regime change in Iraq cost the US over $1 trillion and the lives of more than 4,000 soldiers, not to mention many more wounded. The withdrawal from Iraq is Washington's acknowledgement of defeat in its "regional power struggle" against Iran, the newspaper said. Note that the original US draw-down plan was to keep 20,000 US troops stationed Iraq for an unspecified period.
"The US has grown convinced that Iran has won and is decidedly the most influential power in the new Iraq," the newspaper said. "The US administration is looking for alternatives now."
Washington is in talks with some Gulf states who may be willing to accommodate in their ground or air bases US troops exiting Iraq.
In these hard economic times, raising exaggerated fears among Gulf states concerning Iran's military would be conducive to an advanced (and lucrative) military partnership between the Gulf states and the US, as it would, among other things, energise the American arms industry.
The world won't say 'no' to Israel yet again?
The Israeli media revealed on Sunday yet another plan by the Israeli authorities to give the go-ahead to settlement construction in the village of Silwan, near Jerusalem, which would entail the demolition of more than 20 Palestinian homes, wrote the Palestinian newspaper Al Quds in its editorial yesterday.
While various parties in the international community are trying their best to pave the way for the resumption of peace talks between the Israelis and the Palestinians, the Israeli government is clamping down on the freedom of transportation of goods and individuals in the West Bank and escalating security measures in the Gaza Strip.
As if that were not enough, now there is this new plan for more settlement building on Palestinian land, the newspaper said
Israel's moves of this nature are pushing the region towards a zone of peril, the newspaper said, and away from a tiny and narrowing window of opportunity.
"The international community must take note of this and take action to spare the region another spiral of violence and bloodshed, which harms people in the region and undermines international peace and security."
This has been said so many times before: the international community must wean itself off its "spectator role" and the passiveness that has so far encouraged Israel to break international law with complete impunity.
Even in the Arab world, money is election need
"The defeated parties in the Tunisian election criticised the winning party, Ennahda, for getting lots of money that enabled it to get the majority of votes. The same accusation is directed to the Muslim Brotherhood, Salafis and secularists in Egypt," argued Abdul Rahman Al Rashed in an opinion piece for the pan-Arab newspaper Asharq al Awsat.
Generally, elections are like arranging for a "marriage". They are costly. Those who have lots of money, the best organisation and the most attractive platform can easily win over their honest and hardworking competitors. This is a fact, not only in the Arab world but everywhere.
The Tunisian Election High Commission undertook its mission as required, including the provision of US$8 million(Dh29.4 million) to parties to cover the election campaign costs. "Yet, more than that amount should have been spent under the table, as the parties' activities showed."
As a rule, the parties, which strongly want to win, should plan ahead to get enough legal funds from within its community. Thus, wealthier parties that are better organised and have a polished political discourse have greater chances to lead the pack. The key to success is not the true promises on which parties can deliver, but on their ability to mobilise an army of spin doctors, public relation professionals, artists, and public figures.
Iraq's politics will be shaped by new reality
As the US leaves, Iraq faces new attacks igniting sectarianism, faiths, noted the Emirati newspaper Al Bayan in its editorial.
"The US administration tries to convince Iraqis to keep its forces, arguing that their presence at this time is necessary, as acts of killings and bombings are growing significantly. Maintaining their troops, Americans believe, is driven by the need to preserve the security of Iraqis in the face of rising sectarian attacks."
Occupation under any name was an attempt by the Americans to break the historic ties of the Iraqi nation and was an essential step to impose further control. By doing this, they can continue dividing the country on a "provincial" basis in a way to force their domination and replace the usurped national sovereignty.
In response, Iraqi politicians must end all forms of violence. They must also act more boldly. By the same token, all segments of society should distance themselves from forces that call for violence and also from foreign interferences. Furthermore, they should act together to promote the national identity and the territorial integrity of Iraq.
In short, the Iraqi national project needs to build up a political process that is customised according to the local reality and challenges.
* Digest compiled by The Translation Desk
translation@thenational.ae
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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
About Takalam
Date started: early 2020
Founders: Khawla Hammad and Inas Abu Shashieh
Based: Abu Dhabi
Sector: HealthTech and wellness
Number of staff: 4
Funding to date: Bootstrapped
If you go...
Fly from Dubai or Abu Dhabi to Chiang Mai in Thailand, via Bangkok, before taking a five-hour bus ride across the Laos border to Huay Xai. The land border crossing at Huay Xai is a well-trodden route, meaning entry is swift, though travellers should be aware of visa requirements for both countries.
Flights from Dubai start at Dh4,000 return with Emirates, while Etihad flights from Abu Dhabi start at Dh2,000. Local buses can be booked in Chiang Mai from around Dh50
MATCH INFO
Newcastle United 1 (Carroll 82')
Leicester City 2 (Maddison 55', Tielemans 72')
Man of the match James Maddison (Leicester)
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
COMPANY%20PROFILE
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