Listen to the latest podcast on the Beirut blast here
The international community, led by France, is hosting a new conference to pledge further humanitarian aid to crisis-hit Lebanon on the first anniversary of the devastating explosion at Beirut's port.
Citing a UN estimate, France said on Monday Lebanon's new needs stood at $350 million dollars with the French president's office saying the country's woes have further deepened since the blast.
The explosion on August 4 killed at least 214 people and injured another 6,500 when hundreds of tonnes of ammonium nitrate, an explosive chemical, detonated at a warehouse where it had been stored improperly for six years.
The explosion caused billions of dollars in property damage across the capital, affecting more than 219,000 people and 9,200 buildings within a three-kilometre radius. At least six hospitals, 20 clinics and another 80 healthcare facilities were severely or partially damaged, along with 163 public and private schools.
The blast and Covid-related restrictions compounded the worst economic crisis in Lebanon since the end of its 15-year civil war in 1990, and forced its government to resign.
Lebanon has since been without a functioning Cabinet amid a political stalemate that threatens to prolong the country's crisis.
Its currency has lost more than 90 per cent of its value against the dollar since late 2019, pushing more than half the population into poverty in what the World Bank describes as one of the world’s top three crises since the 1850s.
Last month, Lebanon’s military chief appealed for international assistance to support the Army, warning that its collapse would lead to chaos and further insecurity.
The crisis is not only weighing on security forces but has led to a deterioration in public services and created shortages of vital commodities such as medication and fuel.
French President Emanuel Macron, who visited Lebanon twice after the blast, said he was working with international partners to ensure important public services could continue to operate in Lebanon.
The international community says billions of dollars in financial support and investments is contingent on the formation of a Cabinet that enacts reforms to fight corruption and kick-start the economy.
The French-sponsored conference, organised in partnership with the UN, will be the third since the Beirut blast and aims to channel aid directly to Lebanon’s most vulnerable communities.
The conference follows the designation of Najib Mikati, a billionaire businessman, as the third prime minister to attempt to form a Cabinet in less than a year.
The explosion prompted the international community to provide more than $300 million in emergency funding over the past year.
Within hours of the blast, the UN gave $14.1m of aid to support emergency operations in Beirut through the Central Emergency Response Fund and the Lebanon Humanitarian Fund.
Days later, France sponsored the first Lebanon international aid conference. The event on August 9 brought together more than 30 government leaders and officials, including Mr Macron and the then-US president Donald Trump, and drew pledges of more than $300m in emergency aid for victims of the blast.
Less than a week later, the UN-co-ordinated Lebanon Flash Appeal 2020 was launched to cover the needs of 300,000 people.
The plan sought $354.9m in support for Lebanon, a number that was later revised to $196.6m. The appeal formally ended on December 21, 2020 but some activities under the plan are continuing.
Those activities were integrated into the Reform, Recovery and Reconstruction Framework, developed by the World Bank Group, United Nations and European Union.
The 3RF was formally launched after the second aid conference that was co-hosted by France and the UN on December 2.
As of April, $167m, or 85 per cent of the Flash Appeal amount, was disbursed through UN agencies, funds and programmes.
The aid was used to finance more than 103 projects in the education, food security, health, shelter and logistics fields among others, the UN said.
The EU, US and Qatar were the top three contributors to the Flash Appeal, providing 24, 18 and 6 per cent of the total funding, respectively.
Food security accounted for the bulk of contributions to Lebanon in 2020, at more than $50m, followed by $47m for shelter and $15m for education.
Another $118.5m, out of a targeted $136.5m, was disbursed as part of the Lebanon Intersectoral Covid Response Plan 2020, bringing total emergency funding to Lebanon last year to about $300m.
Lebanon received another $960m in 2020 as part of the Syria Refugee Response and Resilience Plan, bringing total aid received in 2020 to $1.6 billion.
The US contributed more than 30 per cent of the total amount, followed by the EU with 25 per cent and Germany with 22 per cent.
Lebanon has received another $570m so far this year to help it shoulder the burden of hosting more than a million Syrian refugees.
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
SM Town Live is on Friday, April 6 at Autism Rocks Arena, Dubai. Tickets are Dh375 at www.platinumlist.net
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
RESULTS
5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
Winner: M'A Yaromoon, Jesus Rosales (jockey), Khalifa Al Neydai (trainer)
5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
Winner: No Riesgo Al Maury, Antonio Fresu, Ibrahim Al Hadhrami
6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi
6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: Mahmouda, Pat Cosgrave, Abdallah Al Hammadi
7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: AS Jezan, George Buckell, Ahmed Al Mehairbi
7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Winner: Dolman, Antonio Fresu, Bhupath Seemar
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Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Racecard
5.25pm: Etihad Museum – Maiden (TB) Dh82,500 (Turf) 1,200m
6pm: Al Shindaga Museum – Handicap (TB) Dh87,500 (Dirt) 1,200m
6.35pm: Poet Al Oqaili – Handicap (TB) Dh95,000 (T) 1,400m
7.10pm: Majlis Ghurfat Al Sheif – Handicap (TB) Dh87,500 (D) 1,600m
7.45pm: Hatta – Handicap (TB) Dh95,000 (T) 1,400m
8.20pm: Al Fahidi – Rated Conditions (TB) Dh87,500 (D) 2,200m
8.55pm: Zabeel Trophy – Rated Conditions (TB) Dh120,000 (T) 1,600m
9.30pm: Coins Museum – Rated Conditions (TB) Dh95,000 (D) 1,600m
10.05pm: Al Quoz Creative – Handicap (TB) Dh95,000 (T) 1,000m
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
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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The schedule
December 5 - 23: Shooting competition, Al Dhafra Shooting Club
December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq
December 11 - 20: Dates competition, from 4pm
December 12 - 20: Sour milk competition
December 13: Falcon beauty competition
December 14 and 20: Saluki races
December 15: Arabian horse races, from 4pm
December 16 - 19: Falconry competition
December 18: Camel milk competition, from 7.30 - 9.30 am
December 20 and 21: Sheep beauty competition, from 10am
December 22: The best herd of 30 camels
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The Old Slave and the Mastiff
Patrick Chamoiseau
Translated from the French and Creole by Linda Coverdale
Safety 'top priority' for rival hyperloop company
The chief operating officer of Hyperloop Transportation Technologies, Andres de Leon, said his company's hyperloop technology is “ready” and safe.
He said the company prioritised safety throughout its development and, last year, Munich Re, one of the world's largest reinsurance companies, announced it was ready to insure their technology.
“Our levitation, propulsion, and vacuum technology have all been developed [...] over several decades and have been deployed and tested at full scale,” he said in a statement to The National.
“Only once the system has been certified and approved will it move people,” he said.
HyperloopTT has begun designing and engineering processes for its Abu Dhabi projects and hopes to break ground soon.
With no delivery date yet announced, Mr de Leon said timelines had to be considered carefully, as government approval, permits, and regulations could create necessary delays.
EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5