Houthi supporters hold a rally in Yemen. Talks aimed a enacting a ceasefire have stalled. Reuters
Houthi supporters hold a rally in Yemen. Talks aimed a enacting a ceasefire have stalled. Reuters
Houthi supporters hold a rally in Yemen. Talks aimed a enacting a ceasefire have stalled. Reuters
Houthi supporters hold a rally in Yemen. Talks aimed a enacting a ceasefire have stalled. Reuters

Saudi Arabia-led coalition air strike kills high-ranking Hezbollah commander, says Yemeni official


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The Saudi Arabia-led military coalition engaged in fighting the Houthi rebels in Yemen killed a high-ranking Hezbollah commander in an air strike in northern Marib province, Yemen's Information Minister Moammar Al Eryani told The National on Tuesday.

Mustafa Al Gharawi was killed in the Serwah region west of Marib on Monday, Mr Al Eryani said.

The Houthis began an assault on Marib in February and are now within a few kilometres of the government-held city, the site of the only oil refinery in the north and a gateway to nearby oilfields.

"Al Gharawi was killed in an air strike launched by coalition aircraft on sites controlled by the Houthi militia in Serwah," Mr Al Eryani said.

The minister, who is part of the internationally recognised Yemeni government, said Iran has been intensively involved in backing the Houthi rebels in the recent escalation in Marib.

"His killing reflects the level of the Iranian involvement in military escalation waged by the Houthi militia on various Marib fronts," Mr Al Eryani said said.

The latest round of talks on  a ceasefire in Marib and other hotspots in Yemen have stalled, killing hopes of a breakthrough, after US President Joe Biden's administration made ending the war a priority.

The assault has displaced almost 20,000 people and “threatens the safety of millions”, the UN said.

Iran's involvement in the recent escalation in the Houthis' Marib offensive included deploying hundreds of Iranian Revolutionary Guard Corps officers and Hezbollah experts to lead military operations, smuggle ballistic missiles and operate drones, the minister said.

Yemen's conflict began when the Houthis ousted the country's government from the capital, Sanaa, in 2014.

A Saudi Arabia-led military coalition intervened the following year with an air bombing campaign to beat back the rebels.

The war has created what the UN calls the world’s worst humanitarian crisis.

GIANT REVIEW

Starring: Amir El-Masry, Pierce Brosnan

Director: Athale

Rating: 4/5

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

Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
What is a Ponzi scheme?

A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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if you go

The flights

Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.

The hotel

Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.

The tour

Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10