The Lebanese Parliament on Thursday failed for a sixth time to elect the country’s next president as government vacuum rumbles on.
Blank votes again received the highest count, with 46, while independent MP Michel Moawad received 43. Parliament Speaker, Nabih Berri, set the seventh presidential session for next Thursday.
Two thirds of the vote in the 128-seat parliament is needed for a candidate to win in the first round, with an absolute majority required in subsequent rounds.
It was the second parliamentary session since the term of former president Michel Aoun ended in late October. It took 46 sessions, two and a half years and a series of political deals behind closed doors for Mr Aoun to be elected in 2016.
With a consensus candidate yet to emerge, the continuing deadlock on Thursday was expected. In Lebanon's confessional political system, the head of state is reserved for a Maronite Christian.
Mr Moawad, whose father Rene served as president for 18 days in 1989 before being assassinated, has consistently been backed by a largely anti-Hezbollah bloc, which includes the Lebanese Forces — the parliament’s largest party.
But he is seen as too divisive to attract the necessary majority needed to become president.
Many of Lebanon's largest parties, including Iran-backed Hezbollah, Mr Berri's Amal Movement and the Free Patriotic Movement, which Mr Aoun founded, have yet to announce who they are backing.
Thursday's session featured the first vote cast for Suleiman Frangieh, who is regarded as one of the main presidential contenders and is close to Hezbollah.
Mr Aoun's son-in-law Gebran Bassil, who now heads the FPM, is also close to Hezbollah and is believed to have presidential ambitions although to date he has not declared his candidacy.
Lebanon is currently entrenched in a governing vacuum. In the event that there is no head of state, the government takes on presidential powers. But Prime Minister Najib Mikati’s cabinet has been in caretaker status for months since the parliamentary elections in May and as a result, has extremely limited powers.
Mr Mikati this week referred to his “historical relationship" with Mr Frangieh and said a president must be elected soon.
Hezbollah is a powerful armed group and political party, backed by Iran, and holds significant sway in Lebanon. Hassan Nasrallah, its secretary general, last week called for "a president who will not stab the [Hezbollah] in the back and will not conspire against it and will not sell it".
Mohammed bin Zayed Majlis
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
If you go
The flights Etihad (www.etihad.com) and Spice Jet (www.spicejet.com) fly direct from Abu Dhabi and Dubai to Pune respectively from Dh1,000 return including taxes. Pune airport is 90 minutes away by road.
The hotels A stay at Atmantan Wellness Resort (www.atmantan.com) costs from Rs24,000 (Dh1,235) per night, including taxes, consultations, meals and a treatment package.
RACE CARD
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9.25pm: Handicap (T) $135,000 2,410m.
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Killing of Qassem Suleimani
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Paris Can Wait
Dir: Eleanor Coppola
Starring: Alec Baldwin, Diane Lane, Arnaud Viard
Two stars
UAE currency: the story behind the money in your pockets
Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company
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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