A Yemeni girl carries water from a donated tank on the outskirts of Sanaa, on November 24. EPA
A Yemeni girl carries water from a donated tank on the outskirts of Sanaa, on November 24. EPA
A Yemeni girl carries water from a donated tank on the outskirts of Sanaa, on November 24. EPA
A Yemeni girl carries water from a donated tank on the outskirts of Sanaa, on November 24. EPA

Houthis say attacks on Yemen's oil ports will continue despite US calls for peace


Nada AlTaher
  • English
  • Arabic

The Houthis will keep “protecting” Sanaa's oil and gas resources, the head of the Houthi political supreme council Mahdi Al Mashat said in a speech on the country's 55th Independence Day, after the US called on them to end their attacks on oil ports.

US Special Envoy to Yemen Tim Lenderking had on Monday called on the Houthis to stop their attacks on oil ports which have risen sharply in recent weeks.

The Houthi official was asserting a claim over oil and gas resources under the control of the internationally recognised government in Aden.

“Sanaa will remain steadfast in protecting the people's resources and preventing the looting of its oil and gas treasures, as this is the constitutional, rational and legitimate course of action,” Mr Al Mashat said.

Houthi militias have regularly launched drone and missile attacks against oil infrastructure throughout the eight-year conflict.

Mr Lenderking's office said in a statement: “We call on the Houthis to immediately cease their attacks on Yemeni ports, which are disrupting the flow of much-needed resources and exacerbating suffering across Yemen.”

“Such attacks only risk plunging Yemenis into another pointless cycle of violence and suffering.”

The Yemeni government has been meeting with officials from neighbouring countries including Jordan and Oman after calling on Arab states to join it in designating the Houthis a terrorist organisation.

A UN-brokered truce that lasted six months broke down after the warring sides accused each other of “looting” revenue generated through oil and gas imports.

People leave with mattresses and other items provided by the United Nations High Commissioner for Refugees and the Norwegian Refugee Council, in the port province of Hodeidah in February. EPA
People leave with mattresses and other items provided by the United Nations High Commissioner for Refugees and the Norwegian Refugee Council, in the port province of Hodeidah in February. EPA

The government also said the Houthis “fabricated complicated requirements” with regard to the reopening of roads in and around the besieged city of Taiz where about 600,000 people require aid.

Last week, UN Special Envoy to Yemen Hans Grundberg said there had been “progress” in the continuing talks, adding that there has been a rise in violence since the truce's end, particularly in Marib and Taiz, which remain under Houthi siege.

Since the breakdown in peace talks, UN officials have been talking to the warring sides and factions, including the broader international stakeholders in the war, to try to bring down the levels of violence and put a formal ceasefire into action.

Yemen is in its eighth year of war since the Houthis took over the capital Sanaa in 2014, three years after then-president Ali Abdullah Saleh resigned amid vast protests in Sanaa.

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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Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

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Updated: November 30, 2022, 3:45 PM