Hezbollah leader Hassan Nasrallah's recent verbal attack on Saudi Arabia does not serve Lebanon's national interest or represent the country's official stance, Prime Minister Najib Mikati said on Monday.
The comments come as Lebanese authorities are trying to mend relations with Saudi Arabia that hit a new low in October when the kingdom recalled its ambassador from Beirut and banned all Lebanese imports.
The Saudi move followed comments by a Lebanese Cabinet minister who said in a televised interview that the war in Yemen was futile and called it "an aggression" by the Saudi-led coalition.
A number of other Gulf states also withdrew ambassadors and expelled Lebanese envoys over what they said was Hezbollah's dominance of Lebanon.
In a speech on Monday, Hezbollah leader Hassan Nasrallah lashed out at Saudi Arabia accusing it of being responsible for terrorism.
In response, Mr Mikati rebuked the leader for his comments, distancing himself from the group.
“What … Nasrallah said about the kingdom of Saudi Arabia this evening does not represent the position of the Lebanese government and most Lebanese. It is not in Lebanon's interest to offend any Arab country, especially the Gulf states," said Mr Mikati.
“For God's sake, have mercy on Lebanon and the Lebanese people and stop the hateful sectarian and political rhetoric.”
Lebanese officials including President Michel Aoun, a Hezbollah ally, and Mr Mikati have called for dialogue with Saudi Arabia to resolve the ongoing diplomatic crisis, which added burden to an economic meltdown now in its third year.
Saudi Arabia has called on Lebanon to end “terrorist Hezbollah's” influence over the state.
The Sunni Mr Mikati's government has several ministers backed by Hezbollah and its ally, the Amal movement.
The Lebanese prime minister formed a government in September with the aim of negotiating an International Monetary Fund support programme and kick-starting economic recovery.
But he has been unable to convene the Cabinet since October 12 amid demands by Hezbollah and Amal to limit the probe into the deadly August 2020 Beirut blast.
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Marwan Lutfi says the core fundamentals that drive better payment behaviour and can improve your credit score are:
1. Make sure you make your payments on time;
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3. Don't max out all your debts: how much you maximise those credit facilities will have an impact. If you have five credit cards and utilise 90 per cent of that credit, it will negatively affect your score.
The full list of 2020 Brit Award nominees (winners in bold):
British group
Coldplay
Foals
Bring me the Horizon
D-Block Europe
Bastille
British Female
Mabel
Freya Ridings
FKA Twigs
Charli xcx
Mahalia
British male
Harry Styles
Lewis Capaldi
Dave
Michael Kiwanuka
Stormzy
Best new artist
Aitch
Lewis Capaldi
Dave
Mabel
Sam Fender
Best song
Ed Sheeran and Justin Bieber - I Don’t Care
Mabel - Don’t Call Me Up
Calvin Harrison and Rag’n’Bone Man - Giant
Dave - Location
Mark Ronson feat. Miley Cyrus - Nothing Breaks Like A Heart
AJ Tracey - Ladbroke Grove
Lewis Capaldi - Someone you Loved
Tom Walker - Just You and I
Sam Smith and Normani - Dancing with a Stranger
Stormzy - Vossi Bop
International female
Ariana Grande
Billie Eilish
Camila Cabello
Lana Del Rey
Lizzo
International male
Bruce Springsteen
Burna Boy
Tyler, The Creator
Dermot Kennedy
Post Malone
Best album
Stormzy - Heavy is the Head
Michael Kiwanuka - Kiwanuka
Lewis Capaldi - Divinely Uninspired to a Hellish Extent
Dave - Psychodrama
Harry Styles - Fine Line
Rising star
Celeste
Joy Crookes
beabadoobee
Mountain%20Boy
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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
Company%20profile
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