Employees at Mikki Market, a neighbourhood supermarket in Beirut’s Saleem Salam, are building a Ramadan stand.
Dates, syrups and the drink known as Jallab – all staples of the holy month – are stacked on shelves, ready for the start of Ramadan on Tuesday.
Yet the brightly coloured stands and decorated shop fronts mask an uncomfortable reality.
A protracted economic crisis means the lavish spreads and hospitality associated with iftars and family gatherings are a luxury many Lebanese simply cannot afford.
The average cumulative monthly cost of iftar for a family of five is now two and a half times the country’s monthly minimum wage, the American University of Beirut’s Crisis Observatory Unit found this week.
The cost of fattoush – a Lebanese salad popular year-round – is now calculated to account for more than 82 per cent of the monthly minimum wage.
Prices of staple foods have shot up over the past year as the country sinks deeper into financial crisis.
Videos posted to social media have shown fights breaking out over rice and bread, which are subsidised by the government.
Ramadan only adds to those tensions, with struggling families now carrying the expenses of the holy month.
“How can I celebrate when I don’t know where the next meal is coming from?” asked taxi driver Fadi Mahmoud, 35, whose salary has dropped by 80 per cent in the past year.
“My mother would usually stock up for the month. Now we are living day-to-day. This is not the time to celebrate.”
Others have been forced to borrow money or vastly scale down their preparations.
Fatima Salah, 65, would usually cook for more than 20 of her cousins and children over the holy month, but this year they are forced to rely on a local charity for some of their food.
“We will be just six for the first day but after that, I do not know," Ms Salah said. "We cannot plan more than one day at a time.”
“We will have to be humble this year but we will try to celebrate together."
Shopkeepers are also struggling. Mikki Market’s manager, Samer Melham, said a bottle of Jallab, a date drink wildly popular when breaking the fast during Ramadan, costs 53,000 Lebanese lira, or $4.20 at the current black market exchange rate.
Mr Melham sells it for just 55,000 Lebanese lira, leaving him a profit margin of barely $0.20.
Last year, the same Jallab was almost half that price.
“If the dollar goes up tomorrow I’ll lose money on it,” he said. “I stopped trying to make a profit a while ago.
"Now it’s just about survival. Ramadan is going to be more painful for a lot of people.”
When Beirut breaks its first fast on Tuesday evening, there will be many who cannot afford to do so. Lebanon’s fine tradition of hospitality may be tested to new limits.
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
6.30pm: Handicap (Turf) US$175,000 1,000m
7.05pm: Al Bastakiya Trial Conditions (Dirt) $100,000 1,900m
7.40pm: Al Rashidiya Group 2 (T) $250,000 1,800m
8.15pm: Handicap (D) $135,000 2,000m
8.50pm: Al Fahidi Fort Group 2 (T) $250,000 1,400m
9.25pm: Handicap (T) $135,000 2,410m.
COMPANY%20PROFILE
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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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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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MAIN CARD
Bantamweight 56.4kg
Abrorbek Madiminbekov v Mehdi El Jamari
Super heavyweight 94 kg
Adnan Mohammad v Mohammed Ajaraam
Lightweight 60kg
Zakaria Eljamari v Faridoon Alik Zai
Light heavyweight 81.4kg
Mahmood Amin v Taha Marrouni
Light welterweight 64.5kg
Siyovush Gulmamadov v Nouredine Samir
Light heavyweight 81.4kg
Ilyass Habibali v Haroun Baka
The Comeback: Elvis And The Story Of The 68 Special
Simon Goddard
Omnibus Press
The details
Heard It in a Past Life
Maggie Rogers
(Capital Records)
3/5