Hezbollah fighters stand guard on a building roof top to protect their supporters during a protest to show their solidarity with the Palestinians, in the southern suburb of Beirut, Lebanon, on October 13. AP
Hezbollah fighters stand guard on a building roof top to protect their supporters during a protest to show their solidarity with the Palestinians, in the southern suburb of Beirut, Lebanon, on October 13. AP
Hezbollah fighters stand guard on a building roof top to protect their supporters during a protest to show their solidarity with the Palestinians, in the southern suburb of Beirut, Lebanon, on October 13. AP
Hezbollah fighters stand guard on a building roof top to protect their supporters during a protest to show their solidarity with the Palestinians, in the southern suburb of Beirut, Lebanon, on October

Iran-backed militias in show of strength as Gaza war rages


  • English
  • Arabic

Live updates: Follow the latest news on Israel-Gaza

Militias supported by Iran have attacked US forces across the region in the recent days as the Gaza war rages on.

Assaults by Iran-backed militias in Syria and Iraq, and Houthis in Yemen, have taken place in relative unison with Israel's continued bombardment of Gaza.

Observers say the attacks were designed to show Iran’s ability to wage a multipronged war to deter a decisive Israeli attack that could wipe out its ally Hamas.

But as long as the Palestinian armed faction is surviving, Iran will keep its proxy military actions below a threshold of violence that could ignite regional warfare, they told The National.

Most spectacular has been what the US military said were drones and missiles fired over the Red Sea by the Houthi movement in Yemen.

US navy defences brought them down before they reached their target, which was possibly Israel, Washington said.

The Red Sea episode followed drone and rocket barrages on US bases in Syria and Iraq, as well as missiles from Syria targeting Israeli positions in the occupied Golan Heights.

Meanwhile in the south of Lebanon, Hezbollah fighters have been trading border fire with the Israeli military in the days after the surprise attack by Hamas on Israel on October 7, which started the war.

Jordanian counter-terrorism specialist Saud Al Sharafat said Tehran wants to show it cannot be discounted in any arrangements related to the war in Gaza.

“The attacks, especially the last one by the Houthis, have been annoying for the Americans,” said Mr Al Sharafat, who heads the Shorufat Centre for Globalisation and Terrorism Studies in Amman.

Nonetheless, the hostilities initiated by Iran’s allies have failed to derail an American green light for an Israeli ground operation in Gaza “to be mounted as fast as possible”, he said.

The group is the most powerful Sunni member of a network of perceived Iranian proxies in the Middle East.

The destruction of Hamas would mean “Iran will have no longer a foothold in Palestine”, said a member of the Syrian opposition, an officer who defected from the Syrian army after the 2011 revolt.

“It means that its other allies could be next,” said the former intelligence specialist, who asked not to be named for fear of reprisals.

Iran's militia allies include the Lebanese Shiite group Hezbollah in Lebanon, an array of coreligionist militias in Iraq and Syria, and the Houthi movement, whose creed has become significantly influenced by Shiism in the past decade.

Iranian Foreign Minister Hossein Amirabdollahian last week warned that Hezbollah could join the battle, expanding the war into other parts of the Middle East, unless Israel halted its attacks on Gaza.

In Baghdad, a Shiite parliamentarian close to one of the militia said Iran was “pressuring” Washington and Israel to stop the military operation in Gaza.

“We can escalate further if needed,” he said, adding that there is “co-ordination” with Hezbollah but no Iraqi participation in its missile attacks on Israel.

In Washington, Brig Gen Pat Ryder, the Pentagon Press Secretary, said: “Right now, this conflict is contained between Israel and Hamas.”

Hezbollah's influence in Iraq started the Shiite political ascendancy in the country, which was a result of the fall of Saddam Hussein in 2003.

Veteran Syrian political commentator Ayman Abdel Nour said Hezbollah would come under the most pressure among Iran's allies to engage Israel in open war.

This is despite lack of appetite among its domestic constituents and among the wider population in Lebanon, whose economy collapsed three years ago.

“The escalations led by Hezbollah so far has been minor, and calculated,” Mr Abdel Nour said. “Hezbollah would wage a wider war only if Israel attacks Lebanon, similar to 2006.”

In that year, Hezbollah fought a 34-day war with Israel.

The group started the war with a cross-border raid aimed at taking Israeli hostages. It was similar, but on a smaller scale, to the October 7 attack by Hamas on Israel.

A UN ceasefire stopped the 2006 conflict. Hezbollah claimed victory, although Israel devastated large parts of Lebanon's infrastructure.

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

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

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.”

ARGYLLE
%3Cp%3EDirector%3A%20Matthew%20Vaughn%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Bryce%20Dallas%20Howard%2C%20Sam%20Rockwell%2C%20John%20Cena%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

French Touch

Carla Bruni

(Verve)

Volvo ES90 Specs

Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)

Power: 333hp, 449hp, 680hp

Torque: 480Nm, 670Nm, 870Nm

On sale: Later in 2025 or early 2026, depending on region

Price: Exact regional pricing TBA

PREMIER LEAGUE FIXTURES

Tuesday (UAE kick-off times)

Leicester City v Brighton (9pm)

Tottenham Hotspur v West Ham United (11.15pm)

Wednesday

Manchester United v Sheffield United (9pm)

Newcastle United v Aston Villa (9pm)

Norwich City v Everton (9pm)

Wolves v Bournemouth (9pm)

Liverpool v Crystal Palace (11.15pm)

Thursday

Burnley v Watford (9pm)

Southampton v Arsenal (9pm)

Chelsea v Manchester City (11.15pm)

Indoor cricket World Cup:
Insportz, Dubai, September 16-23

UAE fixtures:
Men

Saturday, September 16 – 1.45pm, v New Zealand
Sunday, September 17 – 10.30am, v Australia; 3.45pm, v South Africa
Monday, September 18 – 2pm, v England; 7.15pm, v India
Tuesday, September 19 – 12.15pm, v Singapore; 5.30pm, v Sri Lanka
Thursday, September 21 – 2pm v Malaysia
Friday, September 22 – 3.30pm, semi-final
Saturday, September 23 – 3pm, grand final

Women
Saturday, September 16 – 5.15pm, v Australia
Sunday, September 17 – 2pm, v South Africa; 7.15pm, v New Zealand
Monday, September 18 – 5.30pm, v England
Tuesday, September 19 – 10.30am, v New Zealand; 3.45pm, v South Africa
Thursday, September 21 – 12.15pm, v Australia
Friday, September 22 – 1.30pm, semi-final
Saturday, September 23 – 1pm, grand final

Profile

Company: Justmop.com

Date started: December 2015

Founders: Kerem Kuyucu and Cagatay Ozcan

Sector: Technology and home services

Based: Jumeirah Lake Towers, Dubai

Size: 55 employees and 100,000 cleaning requests a month

Funding:  The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups. 

Updated: October 22, 2023, 9:12 AM