Egypt must develop its North Sinai province so that other countries do not scheme to put it to their own uses, Prime Minister Mostafa Madbouly said on Tuesday, after reports of an Israeli plan to relocate Palestinians from the Gaza Strip to the Sinai Peninsula.
Mr Madbouly underscored the importance of the peninsula to Egypt’s national identity during a visit to the city of Arish, where he launched the second phase of the government’s development plan for North Sinai.
“We are prepared to expend millions of lives to protect this precious region of Egypt,” he said. “All Egyptians grew up learning about the importance of Sinai. Historically, it has always been a region used by foreign entities to attack Egypt, whether it was the Hyksos, the Romans or Israel.”
Israeli media on Monday reported a leaked document compiled by the country's Intelligence Ministry revealed plans to relocate Gazans to Sinai, adding credence to Cairo's fears that Israel's continuing bombardment of the coastal enclave was intended to force its 2.3 million residents across the border into the sparsely populated peninsula.
Egypt sees such a scenario as an unacceptable repeat of the calamitous displacement of hundreds of thousands of Palestinians from their homes at the time of Israel's creation in 1948 and during the Arab-Israeli war in 1967, known as the Nakba, or catastrophe.
Repeating President Abdel Fattah El Sisi’s warning, Mr Madbouly said: “We will not allow the Palestinian cause to be finalised at the expense of other nations.”
He said plans by past governments to develop the militarily sensitive North Sinai province, which borders the Gaza Strip and Israel, had always been limited in scope and implementation.
Mr El Sisi’s plan for the Sinai's North and South provinces, which began in 2014 as the military increased its presence in the peninsula to fight a low-level ISIS insurgency, has already cost 600 billion Egyptian pounds ($19.4 billion), the Prime Minister said.
The first phase, which included the construction of a megaport in Arish, a road network to connect North Sinai with the rest of the country and an economic zone on the Egyptian side of the Gazan city of Rafah, was stalled by efforts to fight the ISIS insurgency, he said.
“The first phase was mainly building up the infrastructure we needed to bring about real change in the province such as roads and water desalinations plants,” he said.
The second phase, which Mr Madbouly said would cost more than 300 billion pounds, will feature residential units, schools and healthcare facilities and will take half the time it took to complete the first phase now that the ISIS presence has dissipated, he said.
He promised compensation would be paid to North Sinai residents who lost homes and land in the project.
“Although we will be paying compensation to citizens whose lives have been affected by the plan, we also ask them to remember that these projects were made for you, the residents of North Sinai,” he said.
Human rights groups have criticised the Egyptian military’s treatment of civilians and their property during its fight against the ISIS insurgency.
The Sinai Foundation for Human Rights, based in London, has published reports describing forced evictions of North Sinai natives, most of whom are Bedouin, and the demolition of thousands of their homes.
Residents quoted in reports by the organisation said only a few had received compensation.
Many also said their right to compensation had been undermined by a 2017 law that redefined them as "squatters”.
The Arish city council said in 2020 it had handed out compensation of between 50,000 and 150,000 pounds each to 51 North Sinai residents whose homes had to be demolished.
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The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
The specs
Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder
Power: 220 and 280 horsepower
Torque: 350 and 360Nm
Transmission: eight-speed automatic
Price: from Dh136,521 VAT and Dh166,464 VAT
On sale: now
RESULTS - ELITE MEN
1. Henri Schoeman (RSA) 57:03
2. Mario Mola (ESP) 57:09
3. Vincent Luis (FRA) 57:25
4. Leo Bergere (FRA)57:34
5. Jacob Birtwhistle (AUS) 57:40
6. Joao Silva (POR) 57:45
7. Jonathan Brownlee (GBR) 57:56
8. Adrien Briffod (SUI) 57:57
9. Gustav Iden (NOR) 57:58
10. Richard Murray (RSA) 57:59
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Top investing tips for UAE residents in 2021
Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.
Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.
Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.
Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.
Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.
Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.
Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”
Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI.
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Chatham House Rule
A mark of Chatham House’s influence 100 years on since its founding, was Moscow’s formal declaration last month that it was an “undesirable
organisation”.
The depth of knowledge and academics that it drew on
following the Ukraine invasion had broadcast Mr Putin’s chicanery.
The institute is more used to accommodating world leaders,
with Nelson Mandela, Margaret Thatcher among those helping it provide
authoritative commentary on world events.
Chatham House was formally founded as the Royal Institute of
International Affairs following the peace conferences of World War One. Its
founder, Lionel Curtis, wanted a more scientific examination of international affairs
with a transparent exchange of information and ideas.
That arena of debate and analysis was enhanced by the “Chatham
House Rule” states that the contents of any meeting can be discussed outside Chatham
House but no mention can be made identifying individuals who commented.
This has enabled some candid exchanges on difficult subjects
allowing a greater degree of free speech from high-ranking figures.
These meetings are highly valued, so much so that
ambassadors reported them in secret diplomatic cables that – when they were
revealed in the Wikileaks reporting – were thus found to have broken the rule. However,
most speeches are held on the record.
Its research and debate has offered fresh ideas to
policymakers enabling them to more coherently address troubling issues from climate
change to health and food security.
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