Lebanese Prime Minister Najib Mikati rebuked Hezbollah leader Hassan Nasrallah for his comments, distancing himself from the group. AP
Lebanese Prime Minister Najib Mikati rebuked Hezbollah leader Hassan Nasrallah for his comments, distancing himself from the group. AP
Lebanese Prime Minister Najib Mikati rebuked Hezbollah leader Hassan Nasrallah for his comments, distancing himself from the group. AP
Lebanese Prime Minister Najib Mikati rebuked Hezbollah leader Hassan Nasrallah for his comments, distancing himself from the group. AP

Hezbollah's criticism of Saudi Arabia not in Lebanon's interest, says PM


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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.

  • A view of Lebanon's capital, Beirut, with the lights on only in some buildings. Lebanese rely on highly polluting diesel generators run by private neighbourhood operators to make up for shortfalls in electricity supply from the state utility. EPA
    A view of Lebanon's capital, Beirut, with the lights on only in some buildings. Lebanese rely on highly polluting diesel generators run by private neighbourhood operators to make up for shortfalls in electricity supply from the state utility. EPA
  • A fisherman uses a headlamp at the seaside corniche in Beirut, Lebanon. EPA
    A fisherman uses a headlamp at the seaside corniche in Beirut, Lebanon. EPA
  • A vendor sells LED balloons in full darkness at the corniche in Beirut. EPA
    A vendor sells LED balloons in full darkness at the corniche in Beirut. EPA
  • The near collapse of the national grid has increased the duration of power cuts across Lebanon. EPA
    The near collapse of the national grid has increased the duration of power cuts across Lebanon. EPA
  • Residents of Beirut are experiencing power cuts of up to 20 hours a day. EPA
    Residents of Beirut are experiencing power cuts of up to 20 hours a day. EPA

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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Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

Three ways to boost your credit score

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;

2. Limit the number of products you borrow on: the more loans and credit cards you have, the more it will affect your credit score;

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

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Updated: January 04, 2022, 9:23 AM