Lebanon's prime minister-designate Najib Mikati will continue in a caretaker role until a government is formed. Reuters
Lebanon's prime minister-designate Najib Mikati will continue in a caretaker role until a government is formed. Reuters
Lebanon's prime minister-designate Najib Mikati will continue in a caretaker role until a government is formed. Reuters
Lebanon's prime minister-designate Najib Mikati will continue in a caretaker role until a government is formed. Reuters

Najib Mikati named Lebanon's prime minister-designate


Jamie Prentis
  • English
  • Arabic

Najib Mikati was named as Lebanon's prime minister-designate by President Michel Aoun on Thursday after consultation with parliamentarians.

Mr Mikati, who is currently serving as caretaker prime minister and is a billionaire who has already served in the role three times, received the support of 54 of the 128 members of parliament.

He will continue in a caretaker role until a government is formed, an often drawn-out and complicated affair.

Lebanon's political divisions are more entrenched than ever, meaning Mr Mikati faces an uphill task in forming a Cabinet that will satisfy the country's main players.

A devastating economic crisis that began in 2019 has plunged many Lebanese people into poverty and led to the local currency being devalued by more than 90 per cent.

The country is struggling with power cuts and extensive shortages of medical items and other vital supplies.

Speaking from the presidential palace in Baabda, Mr Mikati called on Lebanon's various factions to put aside their personal disputes and come together to save the country from various crises afflicting it.

He said it was a “collective responsibility” to do so, with Lebanon facing either “total collapse or gradual rescue”.

Mr Mikati also underlined the need for co-operation with parliament to approve legislation required to secure a bailout from the International Monetary Fund.

Lebanon’s recently elected parliament held binding consultations on Thursday with Mr Aoun over whom should be chosen as prime minister after last month's nationwide elections.

President Michel Aoun holds talks with members of Hezbollah's parliamentary bloc at the presidential palace in Baabda, Lebanon, on Thursday. Reuters
President Michel Aoun holds talks with members of Hezbollah's parliamentary bloc at the presidential palace in Baabda, Lebanon, on Thursday. Reuters

Two names had emerged as the main contenders during the consultation process: Mr Mikati and Nawaf Salam, a judge and Lebanon’s former envoy to the UN. The latter received the support of 25 MPs.

Mr Salam had been backed by Walid Joumblatt’s Progressive Socialist Party, the Kataeb Party and several new parliamentarians with close links to the protests in October 2019 that led to the downfall of the government led by Saad Hariri.

That was not enough to bridge the gap as Mr Mikati received the support of the two main Shiite groups in Lebanon — the Iran-backed militant group and political party Hezbollah and its ally Amal, which is headed by parliament speaker Nabih Berri.

The consultation with Mr Aoun was marked by a high abstention rate, with 46 MPs refusing to name any candidate and one boycotting proceedings altogether.

The majority of the abstentions came from Lebanon's two largest Christian parties — the Lebanese Forces and the Free Patriotic Movement. The latter was founded by Mr Aoun.

Mr Mikati received around 20 fewer votes than when he was last designated as prime minister last September.

In Lebanon's sectarian power-sharing system, the prime minister is a Sunni Muslim, the president a Maronite Christian and the parliament speaker a Shiite Muslim.

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Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

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 first Soroptimists club was founded in Oakland, California in 1921. The name comes from the Latin word soror which means sister, combined with optima, meaning the best.

The organisation said its name is best interpreted as ‘the best for women’.

Since then the group has grown exponentially around the world and is officially affiliated with the United Nations. The organisation also counts Queen Mathilde of Belgium among its ranks.

SERIE A FIXTURES

Saturday (All UAE kick-off times)

Lecce v SPAL (6pm)

Bologna v Genoa (9pm)

Atlanta v Roma (11.45pm)

Sunday

Udinese v Hellas Verona (3.30pm)

Juventus v Brescia (6pm)

Sampdoria v Fiorentina (6pm)

Sassuolo v Parma (6pm)

Cagliari v Napoli (9pm)

Lazio v Inter Milan (11.45pm)

Monday

AC Milan v Torino (11.45pm)

 

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.

 

The full list of 2020 Brit Award nominees (winners in bold):

British group

Coldplay

Foals

Bring me the Horizon

D-Block Europe

Bastille

British Female

Mabel

Freya Ridings

FKA Twigs

Charli xcx

Mahalia​

British male

Harry Styles

Lewis Capaldi

Dave

Michael Kiwanuka

Stormzy​

Best new artist

Aitch

Lewis Capaldi

Dave

Mabel

Sam Fender

Best song

Ed Sheeran and Justin Bieber - I Don’t Care

Mabel - Don’t Call Me Up

Calvin Harrison and Rag’n’Bone Man - Giant

Dave - Location

Mark Ronson feat. Miley Cyrus - Nothing Breaks Like A Heart

AJ Tracey - Ladbroke Grove

Lewis Capaldi - Someone you Loved

Tom Walker - Just You and I

Sam Smith and Normani - Dancing with a Stranger

Stormzy - Vossi Bop

International female

Ariana Grande

Billie Eilish

Camila Cabello

Lana Del Rey

Lizzo

International male

Bruce Springsteen

Burna Boy

Tyler, The Creator

Dermot Kennedy

Post Malone

Best album

Stormzy - Heavy is the Head

Michael Kiwanuka - Kiwanuka

Lewis Capaldi - Divinely Uninspired to a Hellish Extent

Dave - Psychodrama

Harry Styles - Fine Line

Rising star

Celeste

Joy Crookes

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Updated: June 24, 2022, 3:05 AM