Russia to study rebuilding Beirut's destroyed silos


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A Russian business delegation met Lebanese officials on Monday to discuss plans to rebuild the grain silos destroyed last year in a massive explosion at Beirut's port, a Lebanese minister said.

The visit by the Russian team, including officials from the country's Hydro Engineering and Construction company, comes as Lebanon is going through the worst economic crisis in its modern history.

Nearly 3,000 tonnes of ammonium nitrate, a highly explosive material used in fertilisers, had been improperly stored in the port for years. The nitrate ignited on August 4, causing a catastrophic blast that killed 211 people and injured more than 6,000, devastating nearby neighbourhoods.

A government-commissioned study after the explosion said the 50-year-old silos could collapse at any moment and should be demolished. Several countries are said to be interested in rebuilding the port and the surrounding areas, including Turkey, Germany and China.

Lebanon's caretaker Public Works and Transpiration Minister Michel Najjar said the Russian delegation expressed a desire to co-operate and would offer technical support for the silos repair at the port of Beirut.

Mr Najjar said the Russians were also interested in building a silo in the port of the northern city of Tripoli.

The Russian team will spend three days at each facility “and they will study the possibility of building new grain silos", he said.

In April, representatives of several German companies outlined a multi-billion-dollar plan to rebuild the port of Beirut and surrounding neighbourhoods. Germany’s consortium, led by Hamburg Port Consulting and Colliers, was the first to visit Lebanon with a plan in hand that they presented to Lebanese officials.

In 2019, Lebanon signed a deal with Russia’s largest oil company, Rosneft, to upgrade and operate storage installations in Tripoli. The deal made Rosneft manage storage operations.

Lebanon protests – in pictures 

  • Drivers wait in a long queue for fuel in Beirut, Lebanon, where the caretaker prime minister on Friday granted approval to allow fuel imports to be financed at a rate higher than the official exchange rate, effectively reducing fuel subsidies that have been in place for decades. AP Photo
    Drivers wait in a long queue for fuel in Beirut, Lebanon, where the caretaker prime minister on Friday granted approval to allow fuel imports to be financed at a rate higher than the official exchange rate, effectively reducing fuel subsidies that have been in place for decades. AP Photo
  • A woman in a queue for petrol in Beirut uses the time to work on her laptop. AP Photo
    A woman in a queue for petrol in Beirut uses the time to work on her laptop. AP Photo
  • Drivers queue for fuel as traffic flows past on the Tripoli-Beirut motorway in the coastal city of Batroun. The head of Hezbollah, Lebanon's powerful Shiite movement on June 8 said that the country could soon be forced to rely on fuel imports from Iran. AFP
    Drivers queue for fuel as traffic flows past on the Tripoli-Beirut motorway in the coastal city of Batroun. The head of Hezbollah, Lebanon's powerful Shiite movement on June 8 said that the country could soon be forced to rely on fuel imports from Iran. AFP
  • An anti-government protester in Jal El Dib, in north Beirut, next to Lebanese soldiers during a protest against power cuts, high cost of living and low purchasing power of the Lebanese pound. Protesters, closed the streets with rubbish bins and burning tyres to express their anger at the growing economic crisis, as well as the failure of political leaders to form a government after months of deadlock. EPA
    An anti-government protester in Jal El Dib, in north Beirut, next to Lebanese soldiers during a protest against power cuts, high cost of living and low purchasing power of the Lebanese pound. Protesters, closed the streets with rubbish bins and burning tyres to express their anger at the growing economic crisis, as well as the failure of political leaders to form a government after months of deadlock. EPA
  • Protesters block a motorway in north Beirut, Lebanon, where state-provided electricity has reached record-low levels. EPA
    Protesters block a motorway in north Beirut, Lebanon, where state-provided electricity has reached record-low levels. EPA
  • A traffic jam in Jal El Dib, Beirut, caused by protesters expressing their anger at the growing economic crisis. EPA
    A traffic jam in Jal El Dib, Beirut, caused by protesters expressing their anger at the growing economic crisis. EPA
  • Traffic in Beirut backed up by a protest against the Lebanese government's inability to find a way out of the economic crisis crippling the country. EPA
    Traffic in Beirut backed up by a protest against the Lebanese government's inability to find a way out of the economic crisis crippling the country. EPA
  • A Lebanese soldier tries to re-open the main motorway leading to Rafik Hariri International Airport that was blocked by anti-government protesters. EPA
    A Lebanese soldier tries to re-open the main motorway leading to Rafik Hariri International Airport that was blocked by anti-government protesters. EPA
  • Burning tyres block the road to Rafik Hariri International Airport during anti-government protests in Lebanon. EPA
    Burning tyres block the road to Rafik Hariri International Airport during anti-government protests in Lebanon. EPA
  • Lebanese soldiers dismantle a burning roadblock set up by anti-government protesters in Beirut. EPA
    Lebanese soldiers dismantle a burning roadblock set up by anti-government protesters in Beirut. EPA
F1 drivers' standings

1. Lewis Hamilton, Mercedes 281

2. Sebastian Vettel, Ferrari 247

3. Valtteri Bottas, Mercedes 222

4. Daniel Ricciardo, Red Bull 177

5. Kimi Raikkonen, Ferrari 138

6. Max Verstappen, Red Bull 93

7. Sergio Perez, Force India 86

8. Esteban Ocon, Force India 56

UAE currency: the story behind the money in your pockets
So what is Spicy Chickenjoy?

Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
 

Look north

BBC business reporters, like a new raft of government officials, are being removed from the national and international hub of London and surely the quality of their work must suffer.

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

2017%20RESULTS%3A%20FRENCH%20VOTERS%20IN%20UK
%3Cp%3E%3Cstrong%3EFirst%20round%3C%2Fstrong%3E%3Cbr%3EEmmanuel%20Macron%3A%2051.1%25%3Cbr%3EFrancois%20Fillon%3A%2024.2%25%3Cbr%3EJean-Luc%20Melenchon%3A%2011.8%25%3Cbr%3EBenoit%20Hamon%3A%207.0%25%3Cbr%3EMarine%20Le%20Pen%3A%202.9%25%3Cbr%3E%3Cbr%3E%3Cstrong%3ESecond%20round%3C%2Fstrong%3E%3Cbr%3EEmmanuel%20Macron%3A%2095.1%25%3Cbr%3EMarine%20Le%20Pen%3A%204.9%25%26nbsp%3B%3C%2Fp%3E%0A
RESULTS

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
Winner: M'A Yaromoon, Jesus Rosales (jockey), Khalifa Al Neydai (trainer)

5.30pm: Khor Al Baghal – Conditions (PA) Dh80,000 (T) 1,600m
Winner: No Riesgo Al Maury, Antonio Fresu, Ibrahim Al Hadhrami

6pm: Khor Faridah – Handicap (PA) Dh80,000 (T) 1,600m
Winner: JAP Almahfuz, Royston Ffrench, Irfan Ellahi

6.30pm: Abu Dhabi Fillies Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: Mahmouda, Pat Cosgrave, Abdallah Al Hammadi

7pm: Abu Dhabi Colts Classic – Prestige (PA) Dh110,000 (T) 1,400m
Winner: AS Jezan, George Buckell, Ahmed Al Mehairbi

7.30pm: Khor Laffam – Handicap (TB) Dh80,000 (T) 2,200m
Winner: Dolman, Antonio Fresu, Bhupath Seemar

Specs%20
%3Cp%3E%3Cstrong%3EPower%20train%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%20and%20synchronous%20electric%20motor%3Cbr%3E%3Cstrong%3EMax%20power%3A%20%3C%2Fstrong%3E800hp%3Cbr%3E%3Cstrong%3EMax%20torque%3A%20%3C%2Fstrong%3E950Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20auto%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E25.7kWh%20lithium-ion%3Cbr%3E0-100km%2Fh%3A%203.4sec%3Cbr%3E0-200km%2Fh%3A%2011.4sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%20%3C%2Fstrong%3E312km%2Fh%3Cbr%3E%3Cstrong%3EMax%20electric-only%20range%3A%3C%2Fstrong%3E%2060km%20(claimed)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Q3%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1.2m%20(estimate)%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

RESULT

Wolves 1 (Traore 67')

Tottenham 2 (Moura 8', Vertonghen 90 1')

Man of the Match: Adama Traore (Wolves)

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Results

Stage 7:

1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29

2. Sam Bennett (IRL) Deceuninck-QuickStep - same time

3. Phil Bauhaus (GER) Bahrain Victorious

4. Michael Morkov (DEN) Deceuninck-QuickStep

5. Cees Bol (NED) Team DSM

General Classification:

1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28

2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35

3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02

4. Chris Harper (AUS) Jumbo-Visma - 0:01:42

5. Neilson Powless (USA) EF Education-Nippo - 0:01:45

MATCH INFO

France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

THE BIO

Born: Mukalla, Yemen, 1979

Education: UAE University, Al Ain

Family: Married with two daughters: Asayel, 7, and Sara, 6

Favourite piece of music: Horse Dance by Naseer Shamma

Favourite book: Science and geology

Favourite place to travel to: Washington DC

Best advice you’ve ever been given: If you have a dream, you have to believe it, then you will see it.

Director: Laxman Utekar

Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna

Rating: 1/5

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

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

Get Out

Director: Jordan Peele

Stars: Daniel Kaluuya, Allison Williams, Catherine Keener, Bradley Whitford

Four stars