Lebanese authorities have summoned relatives of the victims of the deadly Beirut port explosion after clashes with security forces outside the Justice Palace on Tuesday.
The relatives were protesting over the lack of progress in the investigation, which is currently stalled.
Some demonstrators managed to break through one of the Justice Palace gates and clashed with security personnel.
The National also witnessed projectiles, including rocks and a traffic cone, being thrown at the building and smashing windows.
Among those summoned were William Noun and Peter Bou Saab, whose brothers, both firefighters, died in the blast. Mr Bou Saab’s father was also summoned.
Family members of the victims of the blast demonstrated outside the Justice Palace again on Thursday.
More than 215 people died, thousands were injured and many parts of Beirut were severely damaged following the August 4, 2020 blast. I happened after a huge stock of ammonium nitrate that had been stored at the port for years caught fire.
An investigation by Judge Tarek Bitar, the second official to take on the case, has been on hold for more than a year due to legal challenges from former Cabinet ministers he sought to question.
Lebanese judicial officials, including Justice Minister Henry Khoury, have looked into the possibility of appointing a secondary judge while Mr Bitar's investigation is blocked.
But this has been seen by some as yet another way for top officials to evade justice in Lebanon’s politically charged judiciary.
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Fahed Abu Salah’s film 'Beirut After the Blast' aims to highlight how the healing process for many people is being strained by the lack of accountability. All Photos: MContent -
It features interviews with several people affected by the blast, as well as with activists trying to secure justice for the victims. -

The film also honours the firefighters who died trying to contain the fire that led to the blast. -

The documentary was filmed over the course of 50 days and aims to show the humanitarian issues caused by the blast. -

A shorter director’s cut of the documentary was shown in the metaverse in an event at the Waldorf Astoria Hotel in the DIFC. -

Abu Salah says it was also important for him that the documentary makes it to MContent and the 'cineverse', to encourage other Arab filmmakers to make use of the metaverse as well.
The blast is seen as a symptom of decades of corruption and mismanagement by Lebanon's elite, who are also blamed for an economic crisis that started in 2019.
It has plunged much of the population into poverty, wiped more than 95 per cent of the value of the local currency against the dollar and led to widespread shortages of medicines, clean water, electricity and other basic essentials.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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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
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