Lebanon's caretaker Minister of Public Works Michel Najjar said he signed a decree to more than double Lebanon’s claimed maritime area on the Israeli border. AFP handout
Lebanon's caretaker Minister of Public Works Michel Najjar said he signed a decree to more than double Lebanon’s claimed maritime area on the Israeli border. AFP handout
Lebanon's caretaker Minister of Public Works Michel Najjar said he signed a decree to more than double Lebanon’s claimed maritime area on the Israeli border. AFP handout
Lebanon's caretaker Minister of Public Works Michel Najjar said he signed a decree to more than double Lebanon’s claimed maritime area on the Israeli border. AFP handout

Lebanon more than doubles the sea areas claimed on disputed maritime border with Israel


Elias Sakr
  • English
  • Arabic

Lebanon took an initial step towards claiming an additional 1,430-square-kilometre area in the sea bordering Israel and overlaps with its Karish natural gas field.

Caretaker Public Works Minister Michel Najjar said on Monday that he has signed an amendment to Lebanon’s provisional marine boundaries with Israel to expand the area claimed from 860 sq kilometres, based on a map that Lebanon sent to the UN in 2011, to 2,290 sq kilometres.

An Israeli navy corvette pictured from the southern Lebanese border town of Naqura as it patrols the disputed maritime border. AFP, file
An Israeli navy corvette pictured from the southern Lebanese border town of Naqura as it patrols the disputed maritime border. AFP, file

Caretaker Prime Minister Hassan Diab and President Michel Aoun have to add their signatures to the amendment before it is shared with the UN.

The new Lebanese provisional map of its marine border is expected to complicate negotiations with Israel over disputed maritime areas.

UN-sponsored indirect negotiations, mediated by the US, came to a halt late last year after the Lebanese delegation claimed an additional area on top of the already disputed.

The amendment of Lebanon’s southern maritime border had been delayed owing to disagreements over technicalities between members of Mr Diab’s caretaker Cabinet, as well as political tension between the country’s top officials.

Lebanese officials are expected to touch on the disputed borders with Israel when they meet US Under Secretary of State for Political Affairs David Hale, who will be visiting Beirut later this week.

Caretaker Foreign Minister Charbel Wehbe will meet on Tuesday with Syria’s ambassador to Lebanon to discuss preparations for negotiations over the demarcation of the country’s northern maritime borders.

Mr Wehbe told The National earlier this month that his ministry was reviewing an agreement under which Damascus recently awarded a Russian company the right to offshore oil and gas exploration in areas that overlap with what Lebanon sees as its exclusive economic zone.

The contract ratified by Damascus last month awards Russian company, Kapital, the right to explore oil and gas in two Syrian-demarcated blocks that overlap with what Lebanon has said are its northern maritime blocks by an estimated area of 750 square kilometres.

Syria has not recognised the Lebanese 2011 demarcation.

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

Globalization and its Discontents Revisited
Joseph E. Stiglitz
W. W. Norton & Company

Opening day UAE Premiership fixtures, Friday, September 22:

  • Dubai Sports City Eagles v Dubai Exiles
  • Dubai Hurricanes v Abu Dhabi Saracens
  • Jebel Ali Dragons v Abu Dhabi Harlequins
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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Fireball

Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.

A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.

"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.

Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.

if you go

The flights
Fly direct to Kutaisi with Flydubai from Dh925 return, including taxes. The flight takes 3.5 hours. From there, Svaneti is a four-hour drive. The driving time from Tbilisi is eight hours.
The trip
The cost of the Svaneti trip is US$2,000 (Dh7,345) for 10 days, including food, guiding, accommodation and transfers from and to ­Tbilisi or Kutaisi. This summer the TCT is also offering a 5-day hike in Armenia for $1,200 (Dh4,407) per person. For further information, visit www.transcaucasiantrail.org/en/hike/

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