Israeli families are torn between hope their loved ones are among 50 hostages to be released soon by Hamas and the knowledge that some relatives will remain captive. EPA
Israeli families are torn between hope their loved ones are among 50 hostages to be released soon by Hamas and the knowledge that some relatives will remain captive. EPA
Israeli families are torn between hope their loved ones are among 50 hostages to be released soon by Hamas and the knowledge that some relatives will remain captive. EPA
Israeli families are torn between hope their loved ones are among 50 hostages to be released soon by Hamas and the knowledge that some relatives will remain captive. EPA

What about the rest? Israelis torn between relief and anguish for hostages left behind


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The four-day truce in Gaza and agreement to release 50 Israeli hostages has given a glimmer of hope to relatives of those held captive, but that hope is tinged with heartache and worry.

Families are torn between relief that some women and children will come home and fears that more than 180 will remain in Gaza, six weeks after 240 people were abducted by Hamas militants.

The morning after news of the hostage deal was announced, questions abound about the fate of those who don't appear on the list for release.

Any hostage that can be released, we need to have them home
Lee Siegel,
an American Israeli citizen whose brother and sister-in-law are among 240 hostages

In Tel Aviv, a group of high school students were wandering around a square outside the Museum of Art that has become a shrine to the people abducted by Hamas.

One ninth grader asked, “What about the others?", as the group looked at pictures of the hostages and places set for the missing on a long table.

“There are still 180 people that we don’t know anything about,” the student said.

Keep up hope

This sentiment is echoed by families whose close relatives were kidnapped by Hamas militants.

Grandparents Keith and Aviva Siegel, aged 64 and 62, were taken in their own car by gunmen on October 7.

Keith and Aviva Siegel, aged 64 and 62, were taken hostage in their own car by gunmen on October 7. Photo: Siegel family
Keith and Aviva Siegel, aged 64 and 62, were taken hostage in their own car by gunmen on October 7. Photo: Siegel family

A mother and two children who lived in a house nearby were also abducted in the same vehicle.

The Siegels lived in Kfar Aza, a kibbutz about three kilometres from the Gaza border that was among the hardest hit in the Hamas assault.

A nephew, shot at a music festival attacked by the militant group, is also among the hostages.

Keith Siegel's brother Lee told The National: “The situation may be that my sister-in-law is released first and my brother remains a hostage or children are released and parents are not released.

“Who and when will they be released is exceptionally difficult to understand," Lee said, from his home in Gezer, a kibbutz north of Gaza.

“But any hostage that can be released, we need to have them home.

“We have to keep our hope that it’s all part of a bigger deal in the negotiations and that everyone will be released even though it may take time.”

Call for permanent ceasefire

The Siegel brothers are American-Israeli citizens from North Carolina who made Israel their home more than 40 years ago.

Keith, a dairy farmer, and his wife Aviva, a kindergarten teacher, have four children and five grandchildren who also live in Israel.

The couple sent messages on WhatsApp when the strikes began at 6.30am on October 7 but their family lost contact hours later.

Family members and friends of hostages held by Hamas in Gaza take part in a march from Tel Aviv to Jerusalem calling on the government to bring their loved ones home. EPA
Family members and friends of hostages held by Hamas in Gaza take part in a march from Tel Aviv to Jerusalem calling on the government to bring their loved ones home. EPA

“Keith and Aviva said they were in the safe room and hoped everything would be all right,” Lee Siegel said.

“When communication stopped, we wanted to assume their phones had just lost charge.

“There was a Hamas video clip, a week later, where you can see my brother, his wife, the mother and two children being driven to Gaza.”

Lee Siegel is among those in Israel who want an end to military strikes in Gaza.

More than 14,000 Palestinians have been killed in the 46-day war declared after more than 1,200 Israelis were killed in the Hamas attack on southern Israeli communities near the Gaza border.

“I personally want a permanent ceasefire,” Mr Siegel said.

“I don’t think further military activity serves the goals that I would like to see in the country I live in and the countries around me.

“I actually also hold on to a belief that non-violence and peace are the only solutions and we, everyone, needs to continue to work towards that.

“There need to be enough people who can open their minds and hearts that human beings are human beings and we need to find a way to at least respect each other if not live together.”

Smoke rises following an Israeli airstrike in the Gaza Strip, as seen from southern Israel, on Wednesday. AP Photo
Smoke rises following an Israeli airstrike in the Gaza Strip, as seen from southern Israel, on Wednesday. AP Photo

Hostage release a priority

Back in Tel Aviv, others echoed the growing opinion in Israel that hostage release must take precedence over the government’s goal of destroying Hamas.

Joseph Bitton, who lives in Portugal, has returned to Israel to show solidarity, and said the priority must be bringing all hostages home.

“Bringing them home of course, because finishing Hamas will not happen overnight, it will take time,” he said.

In the plaza outside the museum, other school groups were making trips to remember the hostages.

“They have to see everything,” teacher Moshe Sidi said of the children. “When you see the TV, emotionally, it does something to you, but when you come here, the emotion gets pictures, gets images and it becomes a part of us.”

Mr Sidi said the hostage deal was a good start but the government must eventually find a way to bring everyone home, “including the [hostages] who have died in Gaza.”

The deal, secured with help from the US, Qatar and Egypt, promises a four-day pause in fighting with 50 Israeli women and children hostages released in return for 150 Palestinians in Israeli jails.

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The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

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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

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

Most sought after workplace benefits in the UAE
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Updated: November 22, 2023, 2:49 PM