• A Palestinian man inspects the damage of a six-storey building destroyed by an early morning Israeli air strike in Gaza city. AP Photo
    A Palestinian man inspects the damage of a six-storey building destroyed by an early morning Israeli air strike in Gaza city. AP Photo
  • Palestinians, who fled their homes due to Israeli air and artillery strikes, wash their clothes at a UN-run school in Gaza city. Reuters
    Palestinians, who fled their homes due to Israeli air and artillery strikes, wash their clothes at a UN-run school in Gaza city. Reuters
  • Rockets are launched towards Israel from the southern Gaza Strip. AFP
    Rockets are launched towards Israel from the southern Gaza Strip. AFP
  • A satellite image shows the rubble of a Gaza Strip high-rise building. AP Photo
    A satellite image shows the rubble of a Gaza Strip high-rise building. AP Photo
  • A member of the Palestinian Abu Dayer family receives treatment at Al-Shifa Hospital following an Israeli air strike on their home in Gaza city. AFP
    A member of the Palestinian Abu Dayer family receives treatment at Al-Shifa Hospital following an Israeli air strike on their home in Gaza city. AFP
  • More than 200 people, most of them Palestinians, have been killed in the attacks. AFP
    More than 200 people, most of them Palestinians, have been killed in the attacks. AFP
  • Palestinians run amid Israeli air strikes on Gaza city. AFP
    Palestinians run amid Israeli air strikes on Gaza city. AFP
  • A Palestinian man reacts to the death of his father who was killed by an Israeli airstrike that destroyed the upper floors of a commercial building and caused damage to a health ministry and prime health care clinic in Gaza city. AP Photo
    A Palestinian man reacts to the death of his father who was killed by an Israeli airstrike that destroyed the upper floors of a commercial building and caused damage to a health ministry and prime health care clinic in Gaza city. AP Photo
  • A ball of fire explodes above buildings in Gaza city as Israeli forces shell the Palestinian enclave. AFP
    A ball of fire explodes above buildings in Gaza city as Israeli forces shell the Palestinian enclave. AFP
  • Israeli soldiers cheer as they take photos at an artillery position along the Israel-Gaza border. AP Photo
    Israeli soldiers cheer as they take photos at an artillery position along the Israel-Gaza border. AP Photo
  • Wounded Palestinian girl Sara Al-Metrabeeay lies on a bed in Shifa Hospital in Gaza city. Reuters
    Wounded Palestinian girl Sara Al-Metrabeeay lies on a bed in Shifa Hospital in Gaza city. Reuters
  • Fighting continues between the Israeli Army and Hamas forces at the Gaza border, Israel. EPA
    Fighting continues between the Israeli Army and Hamas forces at the Gaza border, Israel. EPA
  • Israelis gather to watch the Iron Dome aerial defence system launch a missile to intercept a rocket launched from the Gaza Strip, above the city of Ashdod. AFP
    Israelis gather to watch the Iron Dome aerial defence system launch a missile to intercept a rocket launched from the Gaza Strip, above the city of Ashdod. AFP
  • An Israeli artillery soldier carries shells as their unit aims at targets in the Gaza Strip. EPA
    An Israeli artillery soldier carries shells as their unit aims at targets in the Gaza Strip. EPA
  • People inspect a destroyed car inside a house, following an Israeli airstrike on the upper floors of a commercial building in Gaza city. AP Photo
    People inspect a destroyed car inside a house, following an Israeli airstrike on the upper floors of a commercial building in Gaza city. AP Photo

Israel and Hamas begin ceasefire after deadliest conflict in years


  • English
  • Arabic

Palestinians in Gaza whistled and cheered as the ceasefire came into effect, while celebratory gunfire was also heard moments after 2am on Friday.

In East Jerusalem's Sheikh Jarrah neighbourhood, a focal point of Palestinian protests in recent weeks, drivers honked car horns to mark the moment.

Israel and Gaza rulers Hamas on Thursday committed to a ceasefire to go into force within hours, aimed at ending 11 days of deadly cross-border fire.

The deal brokered by Egypt was announced by the office of Israeli Prime Minister Benjamin Netanyahu after a meeting of security officials.

The security cabinet "unanimously accepted the recommendation of all of the security officials ... to accept the Egyptian initiative for a mutual ceasefire without pre-conditions", Mr Netanyahu's office said.

Abu Obida, the spokesman for Hamas's armed wing, said the group had prepared to launch rockets into Israel before the deal was reached.

"But we agreed to the ceasefire and we will watch the behaviour of the enemy until 2am," when the ceasefire is expected to come into effect, Abu Obida said.

Shortly after the announcement was made, Israeli sirens warned of incoming fire from Gaza.

A journalist for The National  in Gaza City said Israeli shelling was continuing.

"The reality on the ground will determine how we move forward," Israeli Defence Minister Benny Gantz said.

The conflict broke out on May 10 when Hamas fired rockets towards Jerusalem, after weeks of violence in the ancient city left hundreds of Palestinians wounded.

Israeli police were accused of heavy-handed tactics across occupied East Jerusalem, particularly in Al Aqsa Mosque compound, which is the third-holiest site in Islam.

Tension was further inflamed by eviction orders hanging over Palestinian families in the Sheikh Jarrah neighbourhood in East Jerusalem, as well as police banning people from gathering at the Old City's Damascus Gate during Ramadan.

After rockets were fired towards Gaza, Israel launched a blistering attack on the enclave.

The country's military struck hundreds of targets it says were Hamas infrastructure, including a tunnel network.

Hamas and other militant groups in residential areas fired more than 4,000 rockets, according to the Israeli military, although hundreds fell short and most of the rest were intercepted.

At least 232 Gazans were killed, including 65 children, with 1,710 people wounded, the Gaza Health Ministry said.

Two children were among 10 people killed in Israel by rocket fire, while 118 were wounded, the Magen David Adom emergency services said.

Since the fighting began, Gaza’s infrastructure, already weakened by a 14-year blockade, has rapidly deteriorated.

Medical supplies and fuel for electricity are running low in the territory, which was put under a blockade by Israel and Egypt after Hamas seized power in 2007.

Israeli bombing damaged more than 50 schools across the territory, according to advocacy group Save the Children, completely destroying at least six.

About 91,000 Gazans fled their homes, two thirds of whom sought shelter in schools, the UN said.

Israeli attacks also damaged at least 18 hospitals and clinics and destroyed one, the World Health Organisation said.

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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

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

The UN General Assembly President in quotes:

YEMEN: “The developments we have seen are promising. We really hope that the parties are going to respect the agreed ceasefire. I think that the sense of really having the political will to have a peace process is vital. There is a little bit of hope and the role that the UN has played is very important.”

PALESTINE: “There is no easy fix. We need to find the political will and comply with the resolutions that we have agreed upon.”

OMAN: “It is a very important country in our system. They have a very important role to play in terms of the balance and peace process of that particular part of the world, in that their position is neutral. That is why it is very important to have a dialogue with the Omani authorities.”

REFORM OF THE SECURITY COUNCIL: “This is complicated and it requires time. It is dependent on the effort that members want to put into the process. It is a process that has been going on for 25 years. That process is slow but the issue is huge. I really hope we will see some progress during my tenure.”

British Grand Prix free practice times in the third and final session at Silverstone on Saturday (top five):

1. Lewis Hamilton (GBR/Mercedes) 1:28.063 (18 laps)

2. Sebastian Vettel (GER/Ferrari) 1:28.095 (14)

3. Valtteri Bottas (FIN/Mercedes) 1:28.137 (20)

4. Kimi Raikkonen (FIN/Ferrari) 1:28.732 (15)

5. Nico Hulkenberg (GER/Renault)  1:29.480 (14)

The biog

Name: Abeer Al Bah

Born: 1972

Husband: Emirati lawyer Salem Bin Sahoo, since 1992

Children: Soud, born 1993, lawyer; Obaid, born 1994, deceased; four other boys and one girl, three months old

Education: BA in Elementary Education, worked for five years in a Dubai school

 

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Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

VEZEETA PROFILE

Date started: 2012

Founder: Amir Barsoum

Based: Dubai, UAE

Sector: HealthTech / MedTech

Size: 300 employees

Funding: $22.6 million (as of September 2018)

Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC

COMPANY PROFILE

Name: Lamsa

Founder: Badr Ward

Launched: 2014

Employees: 60

Based: Abu Dhabi

Sector: EdTech

Funding to date: $15 million

Company profile

Date started: December 24, 2018

Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer

Based: Dubai Media City

Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)

Sector: ConsumerTech and FinTech

Cashflow: Almost $1 million a year

Funding: Series A funding of $2.5m with Series B plans for May 2020