Palestinian demonstrators in Nablus show support for prisoners held in Israeli jails. AFP
Palestinian demonstrators in Nablus show support for prisoners held in Israeli jails. AFP
Palestinian demonstrators in Nablus show support for prisoners held in Israeli jails. AFP
Palestinian demonstrators in Nablus show support for prisoners held in Israeli jails. AFP

Egypt to host Palestinian, Israeli and US officials to talk de-escalation before Ramadan


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Egypt will host a meeting of officials from Israel, the Palestinian Authority, Jordan and the US to discuss measures to defuse tension before the start of Ramadan, Egyptian officials said on Thursday.

The security officials said the meeting on Sunday would be held in the Red Sea resort city of Sharm El Sheikh.

The gathering comes amid growing violence in the West Bank and Jerusalem as armed factions clash with Israeli security forces, leaving growing numbers of civilians and militants dead while several attacks by Palestinians against Israelis have also caused casualties.

On Thursday, Israeli soldiers killed at least three Palestinians in the flashpoint West Bank city of Jenin, according to the Palestinian Ministry of Health.

The raid came hours after Israel's Defence Minister Yaov Gallant promised to retaliate against the perpetrators of a roadside attack, which Israeli officials say may be linked to Lebanon’s Hezbollah group ― an Iran-backed political party and paramilitary group and a sworn enemy of Israel.

“Whoever carried out this attack will regret having carried out an attack against the citizens of Israel and against the state of Israel,” Mr Gallant said while touring the Israel-Lebanon border.

“We will find the right timing and appropriate manner to hit back.”

A spokesman for Unifil, the UN peacekeeping force in Lebanon charged with monitoring stability in South Lebanon and northern Israel, told The National that they had not observed any recent border crossings.

Meeting to stem Israel-Palestine violence

As well as Sunday’s meeting to try to de-escalate the broader situation, there will be indirect negotiations mediated by US and Egyptian officials between Israeli officials and representatives of militant Palestinian groups Hamas and Islamic Jihad.

The meeting, also in Sharm El Sheikh, will discuss a possible exchange of prisoners between Hamas and Israel, the officials said.

Egyptian officials said Hamas had informed Cairo on Thursday that it was reconsidering its participation in the Sharm El Sheikh meeting.

They said Hamas had cited plans by the Israeli government to stage incursions into several West Bank cities, apparently to arrest militants involved in attacks.

An exchange of prisoners between Hamas and Israel has been on the table since the two enemies fought an 11-day war in May last year.

Negotiations on the exchange stalled when Israel objected to the release of specific individuals included in a list of prisoners that Hamas and Islamic Jihad want to be freed.

In the 2022 fighting, Israel unleashed hundreds of air strikes against militant targets in Gaza, while Hamas and other militants fired more than 4,000 rockets towards Israel. More than 250 people were killed, the vast majority of them Palestinians.

Palestinian gunmen during a memorial service in the Jenin refugee camp in the Israeli-occupied West Bank, March 3, 2023. Reuters.
Palestinian gunmen during a memorial service in the Jenin refugee camp in the Israeli-occupied West Bank, March 3, 2023. Reuters.

In the latest bout of Palestinian-Israeli violence, scores have been killed from both sides in the violence gripping the occupied West Bank and Jerusalem.

The scope of the violence and its deadliness is the largest in years and is chiefly blamed on the extremist policies of Prime Minister Benjamin Netanyahu's right-wing government, which is taking a hard-line approach to the Palestinians and supports the unfettered expansion of Jewish settlements in the West Bank.

Ramadan, which begins next week, is often a time of some of the worst Palestinian-Israeli violence, particularly on Fridays when thousands of Palestinians gather at Jerusalem's Al Aqsa mosque, Islam's third holiest shrine, for the weekly prayers.

It is also a time when Palestinian Muslims, like their co-religionists across the world, seek to be closer to God with the dawn-to-dusk fast and overnight prayers.

Continuing Israeli security sweeps in search of militants during Ramadan would certainly draw a violent response from the Palestinians.

The Egyptian officials said the US has offered the Palestinians some guarantees to ensure their participation in the Sharm El Sheikh talks, but they did not elaborate.

They said Sunday's meeting was the fruition of weeks of behind-the-scenes talks that involved US, Egyptian and Jordanian officials.

The Sharm El Sheikh meeting underlines the key role played by Egypt in the Israeli-Palestinian conflict.

Egypt, a US ally and the first Arab state to sign a peace treaty with Israel back in 1979, shares a border with both Israel and the Gaza Strip. It had in the past mediated an end to hostilities between Israel and Hamas, including the May 2022 war.

It's also been mediating between rival Palestinian factions while tirelessly calling for the resumption of Israeli-Palestinian peace talks, which stalled years ago.

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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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Chef Nobu's advice for eating sushi

“One mistake people always make is adding extra wasabi. There is no need for this, because it should already be there between the rice and the fish.
“When eating nigiri, you must dip the fish – not the rice – in soy sauce, otherwise the rice will collapse. Also, don’t use too much soy sauce or it will make you thirsty. For sushi rolls, dip a little of the rice-covered roll lightly in soy sauce and eat in one bite.
“Chopsticks are acceptable, but really, I recommend using your fingers for sushi. Do use chopsticks for sashimi, though.
“The ginger should be eaten separately as a palette cleanser and used to clear the mouth when switching between different pieces of fish.”

ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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TRAP

Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue

Director: M Night Shyamalan

Rating: 3/5

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Updated: March 16, 2023, 4:57 PM