Live updates: Follow the latest news on Israel-Gaza
“The biggest risk is that what happened in 2006 will occur again,” says Merhej Shamaa, a farmer in the picturesque south Lebanon village of Deir Mimas, nestled on a promontory surrounded by olive fields overlooking the Litani River.
That war between Israel and Hezbollah, the powerful Lebanese Shia militia whose exchanges of fire with the Israeli military have raised fears of a new conflict, caused significant damage to the village, injuring one resident and injuring several others, Mr Shamaa said.
The 60-year-old farmer said that despite being a Christian village, Deir Mimas was shelled heavily by the Israeli army.
“The bombings also severely affected the quality of our crops until now,” he said.
With the sound of bombs heard once again after Hamas, a Palestinian militant group and Hezbollah ally, carried out a deadly attack in southern Israel on October 7, residents of Deir Mimas are keenly aware that further escalation would be disastrous.
“Our economy hinges on tourism and agriculture, with a war, both will vanish,” Mr Shamaa said.
Sitting at a table, Mr Shamaa and his fellow farmers discuss the looming spectre of war over a dish of hummus and freshly pressed olive oil, the distant hum of Israeli planes in the background.
“In 2006, the whole village had to leave: this idea that Israeli bombs only target Shia villages is a misconception. Israel is against all Lebanese, regardless of their religion,” he said.
Villages in the deep south have, for the most part, become deserted as families escape the daily clashes. “Only journalists visit nowadays,” Mr Shamaa said with a smile.
Deir Mimas has remained untouched so far, allowing olive farmers like Michel Beshara, 27, to continue with their harvest even in the face of nearby shelling.
A dozen Syrian workers, mostly young men and women, use manual or electric olive rakes to shake the fruit from branches of the trees in his field.
“The main issue right now revolves around finding workers, who are predominantly Syrians,” Mr Beshara said.
Deir Mimas's farmers needed 400 workers for the olive harvest last year, he said, but this year some of them had left the conflict-affected border areas, “making it challenging for some farmers to find replacement”.
Asked whether he had a backup plan in case of escalation, Mr Beshara simply said: “For now I'm staying, I will leave with the workers if things get worse”.
Emergency plan
Mohamad Hussein, the head of the farmers' union for south Lebanon, said there had been no help from the government to cope with the situation.
“There is no official emergency plan in place for Lebanese farmers, leaving them to make individual decisions,” he said. “The government is always reactive rather than proactive when it comes to responding to emergency.”
Agriculture is crucial to the economy in southern Lebanon, where a significant portion of the population is engaged in farming. The crops affected by the continuing clashes so far are olives, of which the region accounts for 20 to 30 per cent of national production, and tobacco, said Mr Hussein.
“At present, the challenge is that some farmers are worried to approach areas frequently bombed to collect their crops.”
Other crops cultivated primarily in coastal areas of the south, such as bananas, citrus and exotic fruits, have not been affected, added Mr Hussein.
“However, in the event of a war, farmers might also encounter difficulties for the current season regarding these crops,” he said.
Mr Hussein said that about 90 per cent of banana production, 70 per cent of lemon production and 80 per cent of avocado production was concentrated in the south, between the coastal cities of Saida and Naqoura.
“A war could potentially lead to shortages,” he said.
The primary challenge in the event of a conflict would be the transportation of produce, he said, based on the experience of 2006 conflict when road infrastructure was systematically targeted and destroyed by Israeli raids.
“Of course, we are concerned, especially with a neighbour like this,” Mr Hussein said.
“Lebanese farmers are essentially left to fend for themselves. In 2006, they had to absorb their losses alone, as no one came to their assistance.”
More coverage from the Future Forum
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
More on animal trafficking
The biog
Favourite car: Ferrari
Likes the colour: Black
Best movie: Avatar
Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy
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
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Command%20Z
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3ESteven%20Soderbergh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMichael%20Cera%2C%20Liev%20Schreiber%2C%20Chloe%20Radcliffe%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%C2%A03%2F5%3C%2Fp%3E%0A
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
The five pillars of Islam
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
'Morbius'
Director: Daniel Espinosa
Stars: Jared Leto, Matt Smith, Adria Arjona
Rating: 2/5