US President Joe Biden spoke with Saudi King Salman bin Abdulaziz on February 25, 2021. REUTERS
US President Joe Biden spoke with Saudi King Salman bin Abdulaziz on February 25, 2021. REUTERS
US President Joe Biden spoke with Saudi King Salman bin Abdulaziz on February 25, 2021. REUTERS
US President Joe Biden spoke with Saudi King Salman bin Abdulaziz on February 25, 2021. REUTERS

Biden discusses Yemen and human rights with Saudi King Salman


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US President Joe Biden and Saudi King Salman spoke on Thursday to discuss the Yemen war and human rights.

King Salman is the first Gulf Co-operation Council leader – and the third Middle East leader – to receive a call from Mr Biden.

“Together they discussed regional security, including the renewed diplomatic efforts led by the United Nations and the United States to end the war in Yemen, and the US commitment to help Saudi Arabia defend its territory as it faces attacks from Iranian-aligned groups,” the White House said.

“The president noted positively the recent release of several Saudi-American activists and Ms Loujain Al Hathloul from custody, and affirmed the importance the United States places on universal human rights and the rule of law.”

While Mr Biden announced an end to US support for the Saudi-led coalition's military operations in Yemen, his administration has repeatedly vowed to defend the country from attacks launched by the Iran-backed Houthi rebels.

US Secretary of State Antony Blinken called Saudi Foreign Minister Prince Faisal bin Farhan on Thursday as part of a series of calls with his equivalents across the Gulf region.

“Secretary Blinken and the foreign minister discussed the importance of Saudi progress on human rights, including through legal and judicial reforms, and our joint efforts to bolster Saudi defences,” State Department spokesman Ned Price said.

“The secretary also reiterated his commitment to US-Saudi co-operation on ending the war in Yemen, regional security co-ordination, counter-terrorism and economic development.”

Mr Blinken also had a call with Omani Foreign Minister Sayyed Badr Al Busaidi.

The call came the same day Prince Faisal travelled to Oman to meet Mr Al Busaidi.

The focus of his meeting in Oman was on unity and stability in the region, the Oman News Agency reported.

The State Department said that Mr Blinken also “expressed his appreciation” to Mr Al Busaidi “for Oman’s mediating role in advancing regional peace and stability".

They “discussed security co-operation and reaffirmed the importance of Oman’s trade and investment relationship with the United States".

Mr Blinken also spoke to Kuwaiti Foreign Minister Sheikh Ahmed Al Mohammed on Thursday.

The State Department said that they “discussed regional security and Gulf unity, and Secretary Blinken welcomed Kuwait’s mediating role in the region".

Mr Blinken expressed “the best wishes of the American people on the 30th anniversary of Kuwait’s liberation from Saddam Hussein’s invasion and occupation".

SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2a)
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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

RESULTS

5pm: Maiden | Dh80,000 |  1,600m
Winner: AF Al Moreeb, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

5.30pm: Handicap |  Dh80,000 |  1,600m
Winner: AF Makerah, Adrie de Vries, Ernst Oertel

6pm: Handicap |  Dh80,000 |  2,200m
Winner: Hazeme, Richard Mullen, Jean de Roualle

6.30pm: Handicap |  Dh85,000 |  2,200m
Winner: AF Yatroq, Brett Doyle, Ernst Oertel

7pm: Shadwell Farm for Private Owners Handicap |  Dh70,000 |  2,200m
Winner: Nawwaf KB, Patrick Cosgrave, Helal Al Alawi

7.30pm: Handicap (TB) |  Dh100,000 |  1,600m
Winner: Treasured Times, Bernardo Pinheiro, Rashed Bouresly

Company%20Profile
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The 12 Syrian entities delisted by UK 

Ministry of Interior
Ministry of Defence
General Intelligence Directorate
Air Force Intelligence Agency
Political Security Directorate
Syrian National Security Bureau
Military Intelligence Directorate
Army Supply Bureau
General Organisation of Radio and TV
Al Watan newspaper
Cham Press TV
Sama TV

Various Artists 
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
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The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

Company%C2%A0profile
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