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Arabs across the region are boycotting western businesses, particularly American ones, reflecting anger over their perceived support for Israel in the Gaza war.
Disillusionment with the West, much of which has offered unconditional support to the right-wing government of Benjamin Netanyahu and its actions in Gaza, is also a factor in this movement.
The boycott has, over the little time it has been in force, picked up pace.
Outlets of brands such as Starbucks, McDonald's and Domino's Pizza sit empty or are lightly frequented in Arab cities such as Cairo, Amman, Beirut, Kuwait and Doha, indicating the depth of anger felt by many Arabs over the war.
It is harder to ascertain the effect the boycott has had on popular US products such as Pepsi and Coca-Cola, although a top regional executive from one of the two global brands told The National that stocks held by local distributors have increased in past weeks.
It may not be a game-changer and it may not last long enough to inflict serious damage, but it drives the point home that we, like the Israelis, are human beings whose lives matter just as much
Hany,
former sales executive for a US IT company
In some cases, he said, local employees have quit their jobs in protest.
“It may not be a game-changer and it may not last long enough to inflict serious damage, but it drives the point home that we, like the Israelis, are human beings whose lives matter just as much,” said Hany, a former sales executive in a US IT company.
Scenes coming out of Gaza showing small children killed or wounded in Israeli air strikes; or the helplessness painted on the faces of tens of thousands walking to supposedly safer parts of the Gaza Strip to escape Israeli bombardment, has left many angry.
Israel's relentless bombardment of Gaza since October 7 has killed more than 11,000 people, including at least 4,000 children, according to the Health Ministry in Gaza. It has also displaced about half the coastal enclave's 2.3 million residents and wiped out entire blocks in urban areas.
The bombardment is in response to a deadly rampage in southern Israel by Hamas militants that killed about 1,400 people. Israeli strikes have been branded as a “collective punishment” and a breach of international law by several Arab leaders.
More recently, Israel's aerial campaign and the subsequent ground offensive led to calls by western governments to Israel to reduce civilian casualties.
Often frustrated by the discord among their governments or their lack of effective action, ordinary Arabs had, in the past, tried to make their voices heard by boycotting western businesses, but not on the scale of the present one.
The boycott has revived scores of local brands in Egypt that have previously vanished or relegated to a negligible slice of the market after the market was opened to foreign products in the 70s.
“Last night, I had eight of my son's friends staying over. Normally, I would have ordered pizza from Papa Johns or Domino's for everyone,” said Hany, a father of two. “Instead, I ordered shawarma.”
Brands such as Spiro Spathis, a fizzy drink founded in 1920 by one of the thousands of Greeks who made Egypt their home, have made a notable comeback after decades of limited distribution in a market dominated by Coca-Cola and Pepsi.
So much is the demand on Spiro Spathis that the company has advertised 2,000 new jobs on its social media.
“It's a golden opportunity to revive local industries that were weakened or died altogether in the 1980s,” said Negad Borai, a prominent rights lawyer and a member of the board of trustees of the “national dialogue”, an inclusive panel of experts, academics and politicians tasked by President Abdel Fattah El Sisi to chart Egypt's economic and political future.
“What's so special about the boycott movement, too, is that it's an effective grass roots movement launched away from government interference and is spontaneously growing,” he told The National.
But the boycott across the Arab world is also raising questions on whether it could cost hundreds of thousands of jobs of those employed by local companies who own US and European franchises.
It's also raising questions on whether local franchise owners should be penalised for the perceived pro-Israeli policies of their mother companies.
Last month, people stormed several McDonald’s outlets across Lebanon, which shares a border with its long-time nemesis Israel. The protest did not take into account that the Lebanese franchise is not owned by the same company as the one in Israel, which announced free meals for Israeli soldiers.
In response to the controversy, the global fast food chain’s parent company last week rejected “inaccurate reports” over its position on the Gaza war.
“McDonald's Corporation is not funding or supporting any governments involved in this conflict, and any actions from our local development licensee business partners were made independently without McDonald's consent or approval,” it said.
A popular boycott of places like McDonald’s would devastate Lebanese supply chains. McDonald’s buys bread from Lebanese businesses, as well as chicken. It also employs around 1,400 Lebanese, according to Tony Nehme, a consultant and member of the Lebanese Franchise Association.
“The public needs to understand that boycott affects the Lebanese economy first and foremost before it affects anything else. The investors are Lebanese, the employees are Lebanese, the investment is money from Lebanon, and the supply chain is Lebanese.”
But Rami Salami of the Campaign to Boycott Supporters of Israel, Lebanon’s leading boycott campaign, explained that the issue goes beyond local economic consequences.
“Franchises in Lebanon should put pressure on the parent companies [that provide franchise licences]. It’s on them to find a solution to the problem – because simply put, they are tied to a company that supports Israel,” he told The National.
But Mr Borai, the Egyptian rights lawyer, believes boycotting McDonald's and Starbucks, regardless of the local consequences, affects only a small segment of the population in a country like Egypt.
“The loss of jobs will not be tragic either. Those who can fry chips and flip burgers can do that for local franchises,” he said.
In Jordan, the world's third-largest recipient of US aid after Israel and Egypt, some of the busiest McDonald's and Starbucks outlets in the capital Amman had a handful of people on Thursday night, usually the week's busiest time.
A large segment of Jordan's 10 million people are the second generation of Palestinian refugees who fled their homes to come to Jordan around the time Israel was created in 1948 and in the aftermath of the 1967 Arab-Israeli war when Israel captured the West Bank, Syria's Golan Heights and the Sinai Peninsula in Egypt.
Jordan in 1994 became the second Arab nation to sign a peace treaty with Israel after Egypt 15 years earlier.
Rana, a Jordanian mother of a teenage son, said she and her boy not only boycotted American brands but also French ones because of what she said was a rise in “French racism against Arabs” since the Gaza war began.
“We stopped going to Carrefour. We are buying local goods from a small grocery near the house,” said Rana.
Many small supermarkets in Amman have stopped stocking Pepsi and Coca-Cola. Instead, they are offering a brand of fizzy drink called Matrix, which is manufactured in Jordan and Iraq.
One manager at a private company in Amman who ordered food and Coca-Cola Zero on the popular delivery app Talabat said she received Matrix instead of Coca-Cola.
“They did not tell me,” she said.
The boycott movement also speaks to anti-western sentiments sustained by decades of heavy-handed handling of the Palestinians by Israel and the West's perennial failure to get it to accept the will of the international community and give them an independent state of their own in the occupied West Bank and Gaza.
These sentiments were revived by the war in Gaza.
“I regret the years I lived while convinced that the West offered an example to follow when it comes to respect of human rights, justice and transparency,” said a prominent Egyptian artist whose paintings and installations earned her lavish accolades in Europe.
“Say what you will about us, but now I am convinced that we are the better people, the more civilised and compassionate.”
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
Name: Peter Dicce
Title: Assistant dean of students and director of athletics
Favourite sport: soccer
Favourite team: Bayern Munich
Favourite player: Franz Beckenbauer
Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates
KILLING OF QASSEM SULEIMANI
Auron Mein Kahan Dum Tha
Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar
Director: Neeraj Pandey
Rating: 2.5/5
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
SQUADS
Bangladesh (from): Shadman Islam, Mominul Haque, Soumya Sarkar, Shakib Al Hasan (capt), Mahmudullah Riyad, Mohammad Mithun, Mushfiqur Rahim, Liton Das, Taijul Islam, Mosaddek Hossain, Nayeem Hasan, Mehedi Hasan, Taskin Ahmed, Ebadat Hossain, Abu Jayed
Afghanistan (from): Rashid Khan (capt), Ihsanullah Janat, Javid Ahmadi, Ibrahim Zadran, Rahmat Shah, Hashmatullah Shahidi, Asghar Afghan, Ikram Alikhil, Mohammad Nabi, Qais Ahmad, Sayed Ahmad Shirzad, Yamin Ahmadzai, Zahir Khan Pakteen, Afsar Zazai, Shapoor Zadran
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
ROUTE%20TO%20TITLE
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Company Profile
Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million
Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am
How to help
Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200
La Mer lowdown
La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
LEADERBOARD
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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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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Most wanted allegations
- Benjamin Macann, 32: involvement in cocaine smuggling gang.
- Jack Mayle, 30: sold drugs from a phone line called the Flavour Quest.
- Callum Halpin, 27: over the 2018 murder of a rival drug dealer.
- Asim Naveed, 29: accused of being the leader of a gang that imported cocaine.
- Calvin Parris, 32: accused of buying cocaine from Naveed and selling it on.
- John James Jones, 31: allegedly stabbed two people causing serious injuries.
- Callum Michael Allan, 23: alleged drug dealing and assaulting an emergency worker.
- Dean Garforth, 29: part of a crime gang that sold drugs and guns.
- Joshua Dillon Hendry, 30: accused of trafficking heroin and crack cocain.
- Mark Francis Roberts, 28: grievous bodily harm after a bungled attempt to steal a £60,000 watch.
- James ‘Jamie’ Stevenson, 56: for arson and over the seizure of a tonne of cocaine.
- Nana Oppong, 41: shot a man eight times in a suspected gangland reprisal attack.
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
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Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
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