All Libyan groups will need a share in political power


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As the curtain falls on the final act of Colonel Muammar Qaddafi's 42-year dictatorship, all eyes are now focused on the Libyan Transitional National Council, the opposition's interim government, to answer the long awaited question of what happens next.

For over six months, the TNC has played a pivotal role in steering the Libyan revolution towards its final destination - the liberation of the nation's capital and largest city, Tripoli. And it now appears poised to achieve that goal. But while the TNC deserves the credit for bringing the Libyan struggle against the Qaddafi regime to this point, it has not been a smooth ride by any means and the situation promises to only become more difficult from here.

Because Col Qaddafi destroyed any institutions that might have had the potential to challenge his power, the Libyan state is literally going to need to be built from scratch. Whoever manages the upcoming transition will have a great responsibility to bear and it is unclear if the Council in its present form is up to the task. To meet the monumental challenges of the next phase, it will have to evolve quickly and make some very significant adjustments.

First and foremost, after security, stability and basic services have been restored, the first priority of the TNC should be to reorganise and broaden its leadership and the membership of its Cabinet so that it accurately reflects the whole make-up of Libyan society, including all of its regions, tribes, ethnic minorities and women. The current members of the TNC and its Executive Committee are seen as being largely self-selected and exclusive. They have also continued to add to their ranks through appointments made on the basis of personal relationships and connections without including other well established groups and individuals that have had a long history of opposing and challenging Col Qaddafi in and outside of Libya long before the protests of February 17 began.

Moreover, some of them are former members of the Qaddafi government and associates of Sailf Al Islam that defected at various points of the revolution, which in the eyes of some Libyans, lessens their appeal to lead the transition to democracy. A recycled Qaddafi regime minus Col Qaddafi and his son is probably not the kind of change that Libyans had envisioned in their struggle and sacrifice for freedom.

Also, the establishment of the rule of law and institutions to govern this period, in addition to the drafting of a new constitution, are profound tasks that will most certainly require a wider, more inclusive, democratic process than the Council has practised thus far.

The TNC cannot take it upon itself to draft a constitution behind closed doors and present it to the Libyan people for approval. This needs to be the result of a public debate and is a responsibility for a specifically elected body to carry out with the assistance and oversight of international partners such as the United Nations. Even if they plan to submit it to the people for a referendum, representatives of the general public should also have a voice in its content.

It is true that the TNC was thrust into its role by sheer circumstance and its leaders performed as well as anyone could have, given their limitations and lack of resources. In fact, the revolution would not have succeeded without the international support they were able to secure early on. For that reason, Libyans have generally given them a free pass on their shortcomings in other areas and have exercised a patient "wait and see" strategy.

But this period is now drawing to a close. Just because they happened to be there first, does not mean they are the best suited for the job ahead and should be the only ones to dictate what happens going forward.

Once the threat of Col Qaddafi is completely removed - and that appears to be imminent, the Council will no longer be in the "state of emergency" that gave it unchallenged support, legitimacy and power to rule, by the Libyan people.

The goodwill and support it has enjoyed thus far will dissipate very quickly if the TNC does not adapt to the realities of a post-Qaddafi Libya and the fact that there is a large group of qualified, educated Libyan youth, intellectuals and professionals inside and abroad that will also want to be involved and contribute to the rebirth of their country. There should be a process established to bring them into the fold even during this transitional phase before elections.

Furthermore, the absence of established protocol, transparency, and accountability that the TNC might have got by with up till now will not be acceptable in the future. They will need to clearly demonstrate their commitment to the principles of freedom, openness and fair representation with concrete steps that may even include taking a back seat and bringing in more qualified leaders for the greater good of the country if need be.

Time will tell how the Council manages the challenging period ahead. But some of these sentiments have also been echoed by concerned western governments and institutions including the US, Great Britain and France who have cautiously supported and recognised the Libyan interim government, but are also urging inclusivity and watching carefully to make sure they follow through on their promises.

An excerpt from Nato's official statement on the events in Tripoli reads "Now is the time to create a new Libya - a state based on freedom, not fear; democracy, not dictatorship; the will of the many, not the whims of a few" - let us hope the TNC realises that the latter applies to them as well.

Hanan Ghosheh is a Libyan American freelance writer

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

BMW M5 specs

Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor

Power: 727hp

Torque: 1,000Nm

Transmission: 8-speed auto

Fuel consumption: 10.6L/100km

On sale: Now

Price: From Dh650,000

COMPANY%20PROFILE
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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 Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

While you're here

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Various artists, Sony Music Turkey 

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(Parlophone)

Who is Mohammed Al Halbousi?

The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.

The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.

He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.

He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.

He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.

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

In numbers: China in Dubai

The number of Chinese people living in Dubai: An estimated 200,000

Number of Chinese people in International City: Almost 50,000

Daily visitors to Dragon Mart in 2018/19: 120,000

Daily visitors to Dragon Mart in 2010: 20,000

Percentage increase in visitors in eight years: 500 per cent

BRAZIL SQUAD

Alisson (Liverpool), Daniel Fuzato (Roma), Ederson (Man City); Alex Sandro (Juventus), Danilo (Juventus), Eder Militao (Real Madrid), Emerson (Real Betis), Felipe (Atletico Madrid), Marquinhos (PSG), Renan Lodi (Atletico Madrid), Thiago Silva (PSG); Arthur (Barcelona), Casemiro (Real Madrid), Douglas Luiz (Aston Villa), Fabinho (Liverpool), Lucas Paqueta (AC Milan), Philippe Coutinho (Bayern Munich); David Neres (Ajax), Gabriel Jesus (Man City), Richarlison (Everton), Roberto Firmino (Liverpool), Rodrygo (Real Madrid), Willian (Chelsea).

Winners

Ballon d’Or (Men’s)
Ousmane Dembélé (Paris Saint-Germain / France)

Ballon d’Or Féminin (Women’s)
Aitana Bonmatí (Barcelona / Spain)

Kopa Trophy (Best player under 21 – Men’s)
Lamine Yamal (Barcelona / Spain)

Best Young Women’s Player
Vicky López (Barcelona / Spain)

Yashin Trophy (Best Goalkeeper – Men’s)
Gianluigi Donnarumma (Paris Saint-Germain and Manchester City / Italy)

Best Women’s Goalkeeper
Hannah Hampton (England / Aston Villa and Chelsea)

Men’s Coach of the Year
Luis Enrique (Paris Saint-Germain)

Women’s Coach of the Year
Sarina Wiegman (England)

UAE currency: the story behind the money in your pockets
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Silent Hill f

Publisher: Konami

Platforms: PlayStation 5, Xbox Series X/S, PC

Rating: 4.5/5

THE TWIN BIO

Their favourite city: Dubai

Their favourite food: Khaleeji

Their favourite past-time : walking on the beach

Their favorite quote: ‘we rise by lifting others’ by Robert Ingersoll

RESULT

Huddersfield Town 2 Manchester United 1
Huddersfield: Mooy (28'), Depoitre (33')
Manchester United: Rashford (78')

 

Man of the Match: Aaron Mooy (Huddersfield Town)

Company%20Profile
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Company profile

Company name: Suraasa

Started: 2018

Founders: Rishabh Khanna, Ankit Khanna and Sahil Makker

Based: India, UAE and the UK

Industry: EdTech

Initial investment: More than $200,000 in seed funding