The Arab Coalition on Wednesday intercepted and destroyed four explosive-laden drones launched in less than 24 hours by Iran-backed Houthi militias, coalition spokesman Brig Gen Turki Al Malki said.
He said the “hostile escalation by the Houthi militia attempts to target civilians” and that coalition forces will take measures to protect civilians from such attacks.
The attacks came a day after eight people were injured when Saudi forces intercepted and destroyed two weaponised Houthi drones targeting Abha International Airport, and a ballistic missile targeting the city of Najran on Tuesday.
“A second attempt to target travelling civilians and staff at Abha International Airport by the terrorist, Iran-backed Houthi militia using a bomb-laden drone was thwarted,” Brig Gen Al Malki said.
Shrapnel from the drones caused injuries and damage to a civilian aircraft but flights resumed later that evening.
US Secretary of State Antony Blinken condemned the attack and said Saudi Arabia has endured more than 240 attacks from the Houthis since the beginning of the year and that these also endanger 70,000 American citizens living in the kingdom.
“We again call on the Houthis to uphold a ceasefire and engage in negotiations under UN auspices. This costly, stalemated offensive is exacerbating Yemen’s humanitarian crisis. The Houthi attacks are perpetuating the conflict, prolonging the suffering of the Yemeni people, and jeopardising peace efforts at a critical moment,” he said.
Yemen's Iran-backed Houthi militia have launched attacks against airports, military installations and critical oil infrastructure in Saudi Arabia since 2015.
Saudi Arabia’s ambassador to Yemen, Mohammed Al Jaber, on Thursday held talks with US officials in efforts to achieve peace and discussed the kingdom’s support for Yemen in various fields, including the grant of oil derivatives and King Salman Centre for Relief and Humanitarian Work's humanitarian efforts and continuous provision of aid to the people of Yemen.
Saudi Arabia is reported to have been in talks with Iran since May this year, in an attempt to defuse tensions and put an end to Yemen's protracted war.
Iran and Saudi Arabia cut diplomatic ties in 2016 but the formation of Iran's new government under President Ebrahim Raisi, who was sworn in on August 5, could help to improve ties between the two countries.
Iraj Masjedi, Iran's ambassador to Iraq, on Tuesday said Iran plans to hold a fourth round of talks with Saudi Arabia in Iraq after the new Iranian government is set up.
“We have had three rounds of negotiations with the Saudi side, and the fourth round is to be held after the formation of a new Iranian government,” said Mr Masjedi, according to Iranian news agency Isna.
Iranian Foreign Minister Hossein Amir Abdollahian on Tuesday said Iran and the UAE can take “big steps” in co-operation a few days after meeting with UAE Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid, on the sidelines of a summit in Baghdad on Saturday.
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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Director: James Cameron
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Rating: 4.5/5
The specs
Engine: 2.0-litre 4cyl turbo
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Transmission: 9-speed auto
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Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
VEZEETA PROFILE
Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Dhadak
Director: Shashank Khaitan
Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana
Stars: 3
The specs: 2019 Infiniti QX50
Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)
The specs
Price: From Dh180,000 (estimate)
Engine: 2.0-litre turbocharged and supercharged in-line four-cylinder
Transmission: Eight-speed automatic
Power: 320hp @ 5,700rpm
Torque: 400Nm @ 2,200rpm
Fuel economy, combined: 9.7L / 100km
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Price, base Dh485,000 (GranTurismo) and Dh575,000 (GranCabrio)
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Transmission Six-speed automatic
Power 460hp @ 7,000rpm
Torque 520Nm @ 4,750rpm
Fuel economy, combined 14.3L (GranTurismo) and 14.5L (GranCabrio) / 100km